Patriot Coal Announces Public Offering of Common Stock

ST. LOUIS, June 16 /PRNewswire-FirstCall/ -- Patriot Coal Corporation (NYSE:
PCX) announced today that it plans to offer approximately 12.0 million shares
of its common stock in a registered public offering. The Company also expects
to grant the managing underwriters a 30-day option to purchase up to an
additional 1.8 million shares to cover any over-allotments. The Company
intends to use the net proceeds from this offering to repay the outstanding
balance on its revolving credit facility and for general corporate purposes.

Morgan Stanley & Co., Incorporated and UBS Investment Bank are the joint
book-running managers for this offering.

The offering will be made under Patriot's existing shelf registration
statement filed with the Securities and Exchange Commission. When available,
copies of the prospectus and prospectus supplement may be obtained from the
offices of Morgan Stanley & Co. Incorporated, Attention: Prospectus
Department, 180 Varick Street, New York, NY 10014 (email address:
prospectus@morganstanley.com); or UBS Investment Bank, Attn: Prospectus
Department, 299 Park Avenue, New York, NY 10171.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy these securities, nor shall there be any sale of these
securities in any state or country in which the offer, solicitation or sale of
these securities would be unlawful prior to the registration or qualification
under the securities laws of any state or country. The offering of these
securities will be made only by means of the prospectus supplement and
accompanying prospectus.

About Patriot Coal

Patriot Coal Corporation is the third largest producer and marketer of coal in
the eastern United States, with 14 current mining complexes in Appalachia and
the Illinois Basin. The Company ships to domestic and international electric
utilities, industrial users and metallurgical coal customers, and controls
approximately 1.8 billion tons of proven and probable coal reserves. The
Company's common stock trades on the New York Stock Exchange under the symbol
PCX.

Forward Looking Statements

Certain statements in this press release are forward-looking as defined in the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
made in this press release include that Patriot may sell shares of its common
stock, the expected number of shares to be sold, the expected use of the net
proceeds from the sale, that Patriot may grant the managing underwriters an
option to purchase additional shares, and that the managing underwriters may
exercise this option to purchase additional shares from Patriot. These
forward-looking statements involve a number of risks and uncertainties
including, but not limited to, whether Patriot can sell the shares of common
stock at a price that is acceptable, whether the managing underwriters are
able to sell the shares as described, whether there is adequate demand to
justify the exercise of the managing underwriters' option to purchase
additional shares, as well as other risk factors detailed in the prospectus
supplement and accompanying prospectus relating to this offering, which may be
obtained in the manner set forth above. The Company undertakes no obligation
(and expressly disclaims any such obligation) to publicly update or revise any
forward-looking statement, whether as a result of new information, future
events or otherwise.

SOURCE Patriot Coal Corporation

Janine Orf of Patriot Coal Corporation, +1-314-275-3680