Walter Energy Responds to Stock Trading Activity

BIRMINGHAM, AL — (Marketwire) — 09/07/11 — (NYSE: WLT) (TSX: WLT), the world–s leading publicly traded “pure play” producer of for the global steel industry, is responding to a request from the Investment Industry Regulatory Organization of Canada on behalf of the Toronto Stock Exchange following recent trading activity. Walter Energy is not aware of any corporate developments to account for this activity. The Company–s policy is not to comment on rumors or speculation, and accordingly does not intend to comment further.

About Walter Energy

is the world–s leading, publicly traded “pure play” producer for the global steel industry. The Company also produces and , , and . The Company has strategic access to high-growth steel markets in Asia, South America and Europe. Walter Energy had 2010 pro forma revenues of approximately $2.3 billion and 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 .