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Press release from Marketwire

Canada Fluorspar Inc. Appoints Paul Coombs as Chief Financial Officer

Monday, August 29, 2011

Canada Fluorspar Inc. Appoints Paul Coombs as Chief Financial Officer08:00 EDT Monday, August 29, 2011TORONTO, ONTARIO--(Marketwire - Aug. 29, 2011) - Canada Fluorspar Inc. (TSX VENTURE:CFI) (the "Company") is pleased to announce that Mr. Paul Coombs, B. Comm. CMA, CGA, MBA has been appointed Chief Financial Officer of the Company. Mr. Coombs has 12 years experience in the mining industry, having worked in various financial management capacities with Endeavour Mining, Xstrata, Falconbridge and Noranda. He began his career in Newfoundland and Labrador working for Fisheries Products International. Paul received his Bachelor of Commerce (Co-operative) Faculty of Business Administration, from Memorial University of Newfoundland, his Masters of Business Administration from Laurentian University and is CMA and CGA certified."I would like to welcome Paul to the Canada Fluorspar team. We are at a very exciting time in the evolution of CFI and I look forward to working together," stated Lindsay Gorrill, president and CEO of CFI. "I would like to thank John Higginbotham for his contribution to the Company over the past nine months as acting Chief Financial Officer. John will remain as a financial consultant to the Company. We also wish him well in his other future endeavours."About the CompanyThe Company is a specialty mineral resource company engaged in the development and production of fluorspar deposits at its property located in St. Lawrence, Newfoundland, Canada, and is moving forward to reactivate existing underground fluorspar mines, expand an existing mill, construct a new, environmentally-sound Tailings Management Facility and build a new deep-water marine terminal in the outer St. Lawrence Harbour for the export of fluorspar concentrate product. For more information please see: FOR FURTHER INFORMATION PLEASE CONTACT: Lindsay GorrillCanada Fluorspar Inc.President and"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."