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

BIRMINGHAM, AL -- (Marketwire) -- 10/18/11 -- 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.

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Investor Relations Contact:
Paul Blalock

Head - Investor Relations

+1 205 745 2627
paul.blalock@walterenergy.com