Walter Energy Announces Date of Third Quarter 2011 Earnings Conference Call Webcast

BIRMINGHAM, AL, Oct 18 (MARKET WIRE) --
Walter Energy, Inc. (NYSE: WLT) (TSX: WLT), the world's leading publicly
traded "pure play" producer of metallurgical coal for the global steel
industry, today announced that, in conjunction with the release of its
third quarter 2011 earnings results after the market closes on Wednesday,
Nov. 2, 2011, it will conduct a conference call with institutional
investors and analysts to be broadcast live via the Internet.

What: Walter Energy Third Quarter 2011 Earnings Conference Call

When: Thursday, Nov. 3, 2011 - 9:00 a.m. EDT

Where: www.walterenergy.com

How: Live via the Internet -- Simply log on to the Web at the address
above

Length: Approximately one hour

If you are unable to listen to the live Webcast, it will be archived for
at least 30 days on the Company's website at www.walterenergy.com.

About Walter Energy

Walter Energy is the world's leading, publicly traded "pure play"
metallurgical coal producer for the global steel industry. The Company
also produces thermal coal and industrial coal, anthracite, metallurgical
coke and coal bed methane gas. The Company has strategic access to
high-growth steel markets in Asia, South America and Europe. Walter
Energy employs approximately 4,400 employees and contractors with
operations in the United States, Canada and United Kingdom. For more
information about Walter Energy, please visit the company website at
www.walterenergy.com.

Safe Harbor Statement

Except for historical information contained herein, the statements in
this release are forward-looking and made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995 and
may involve a number of risks and uncertainties. Forward-looking
statements are based on information available to management at the time,
and they involve judgments and estimates. Forward-looking statements
include expressions such as "believe," "anticipate," "expect,"
"estimate," "intend," "may," "plan," "predict," "will," and similar terms
and expressions. These forward-looking statements are made based on
expectations and beliefs concerning future events affecting us and are
subject to various risks, uncertainties and factors relating to our
operations and business environment, all of which are difficult to
predict and many of which are beyond our control, that could cause our
actual results to differ materially from those matters expressed in or
implied by these forward-looking statements. The following factors are
among those that may cause actual results to differ materially from our
forward-looking statements: the market demand for coal, coke and natural
gas as well as changes in pricing and costs; the availability of raw
material, labor, equipment and transportation; changes in weather and
geologic conditions; changes in extraction costs, pricing and assumptions
and projections concerning reserves in our mining operations; changes in
customer orders; pricing actions by our competitors, customers, suppliers
and contractors; changes in governmental policies and laws, including
with respect to safety enhancements and environmental initiatives;
availability and costs of credit, surety bonds and letters of credit; and
changes in general economic conditions. Forward-looking statements made
by us in this release, or elsewhere, speak only as of the date on which
the statements were made. See also the "Risk Factors" in our 2010 Annual
Report on Form 10-K and subsequent filings with the SEC which are
currently available on our website at www.walterenergy.com. New risks and
uncertainties arise from time to time, and it is impossible for us to
predict these events or how they may affect us or our anticipated
results. We have no duty to, and do not intend to, update or revise the
forward-looking statements in this release, except as may be required by
law. In light of these risks and uncertainties, readers should keep in
mind that any forward-looking statement made in this press release may
not occur. All data presented herein is as of the date of this release
unless otherwise noted.

Investor Relations Contact:
Paul Blalock
Head - Investor Relations
+1 205 745 2627
paul.blalock@walterenergy.com

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