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r age ~ <br />The a~eement is subject to several closing conditions, including approval of the Company's shareholders. Because the <br />Company must register the rights offering with the Securities a5d o m ~a 18t Cb n# l[ed with the Securiu [s and Facchangag h~. `' ?~<.;`, <br />been snl yel. Furdter inCormatiun is contalned:ln me Company' <br />Commission. ; . . <br />'flee righu offering cannot commence untrI ° registration statement relating t° these accu, ilias has been declared effecnye 6y <br />the Securities and Exchange Commission. These securities may not 6n sold nor may offers to buy 6a accepted prior to the <br />time the registration statement becomes' effective, This press release shall not constitute an offer to sell or the solicitation of <br />nu offer to buy, nor shall there be any saic of thest securities in any state in whSch aneh offer, solicitation, or sale would be <br />unlawful prior to registration or qualification under the securiti b offered or soldhm the United States absent egistrationeorill <br />not be registered under the Securities Actaf 1933 and may <br />en appliutble nxemp[ion. The Company lies agreed to enter into a registration rights agreement with Tontine. <br />The Board of Directors also announced today that Christopher K. $eglem, Chairman, President and Chief Executive Officer, <br />would bu loaving the Company to pursue other interests. Mr. Killen said, "Cluis has bean with the Company ~r 27 years and } <br />~ was responsible for transforming the Company from an operator of uadergrcund mines, based in the bast, to its prastnt <br />position as one of the largest operators of surface mines in the country and miner °g extrao crdinary chievements under h1'sha <br />~BoruYl recognizes Cluis' dali~aliun to Westmoreland's survival and the Company, <br />,leadership." <br />Tn ennnertinn with l1+tr. 3e~glem's departw~q the Company also announced today that Mr. Killua has beru appou,led as die <br />non-executive Chairman of the Board of Directors, end rho Com an has a anted Keith E..Alessi as the inr tnrim Chief <br />xecutive Officer°ofa number of puUU auld pri ale cinnpanirs. lie has served in various caepaciUesemcluding CEO, COO and <br />in c <br />CFO in such situarions. Mr. Alessi is a Direcor and mChaitmaryo~ QfB~oa Rouge LA (NASDAQ: HEES). Heil alsola <br />New York City (NASDAQ: CLUB) and H&E);gtup Since 1999, Mr. Alessi has been an adjunct professor <br />director of MWl Veterinary Services of ksoise, ill (NASDAQ: MWIV)• <br />of law at The Washington and Lee University School of Law in Lexington, VA add since 2001 has been an adjunct lecturer <br />of business at the ROSS Schaal of Business at the University of Michigan. <br />Westmoreland Coal Company is the oldest independeffi Soal a/c P~ Yi n~in udreeoal mintanilg ~ ~e p~W~'f gjgCT g~>n ~ <br />and efficient independent power projects. The Company P <br />Montana and lignite ,uuriltg uperalwns in Montana, North Dakota and Texas. its ciurcnt power °patations includewe n ~tP <br />and operation of the two-unit ROVA coal-fired power plant in North Carolina, an interest in a nahual gas-fired tm P <br />to meeting Amenea's duaitgaalsf of o ~ os[ power and a c can environmentnthrough the ac9lusition and deve]opment of <br />complementary niche opportunities in coal, power and outer segments of the energy sector. For more information visit <br />Iwww westmotel d.cam• <br />yaesttnorelittd Mev+a sietease <br />:4' <br />page 7 of 3 <br />May 2, 2007 <br />...:,.~..w..~.~..w« <br />I <br />htlp~//wwwsec.gov/Arehivesledgar/data/1Ob4551000103570407000349/d465 09t~649w1.hE~.~5124 9g~/bz~50 <br />Wtlltll WIt <br />70 3B'dd <br />