Corsa Acquires Option on Miller-Walker Coal Lease, Pennsylvania, USA; Announces Metallurgical Coal Strategy

Vancouver, B.C., December 21, 2009Corsa Capital Ltd. (CSO: TSX-V) (“the Company”) is pleased to announce today it has signed an option agreement with Sherpa Mining Contractors, Inc. (“Sherpa”) on the “Miller-Walker Property” Coal Lease in Somerset County, Pennsylvania, USA. The transaction is being conducted through Corsa Coal Pennsylvania, Inc. (“Corsa Coal”), a 100% owned subsidiary of Corsa Capital Ltd.

The option with Sherpa is for Corsa Coal to acquire certain mining rights to the 105 acre Miller-Walker Property (“Property”) in Somerset County, Pennsylvania, USA. The Property is a metallurgical coal lease, of which the scope and size of the reserve base is yet to be determined.

The option terms on the Miller-Walker Property are as follows:

The transaction is subject to the acceptance of the TSX-Venture Exchange.

Corporate Update

The Board of Directors considers the acquisition of the option on the Miller-Walker Property a first step in the execution of its metallurgical coal strategy.  In the reformation of the corporation in mid-2009, the Company set the following objectives:

Corsa has a team with significant experience in developing and mining coal deposits in this region of the Appalachian coal fields and they are currently conducting due diligence, evaluation work and discussions on several development projects, mining operations and corporate opportunities in the coal sector. Please visit the Company’s website at: for more information.

The Company has given formal written notice to Kaminak Gold Corporation of its intention to let lapse the option on Kaminak’s Sy Gold Project in Nunavut, Canada, which does not fit within the parameters of the Company’s metallurgical coal strategy.

The Board of Directors has accepted the resignation of Ernie Thrasher, effective immediately, due to increasing demands related to his international coal trading enterprise. The members of the Company’s board thank Mr. Thrasher for his input and efforts to date and wish him great success in the future.

About Corsa Capital

Corsa Capital Ltd. is a Vancouver, BC based mineral resources company. Corsa’s management team, board of directors, and advisory board, have significant experience in mineral resource property acquisition, development, and operations. The Company intends to leverage this experience to acquire additional properties and build a valuable portfolio of projects. Please visit for more information.

Jim Paterson, President and CEO
Corsa Capital Ltd.
604-646-4527 main line

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain disclosures in this release, including management's assessment of the Company’s plans, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to the Company's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.