Coastal Pacific Mining Corp (fka CPMCF)

[FrankMD]

Drilling program to start Beginning of February! NEWS!!!:

Press Release Source: Coastal Pacific Mining Corp. On Thursday January 13, 2011, 8:08 am
CALGARY, AB--(Marketwire - 01/13/11) - Coastal Pacific Mining Corp. (OTC.BB:CPMCF - News) ("Coastal Pacific" or the "Company") www.coastalpacificminingcorp.com, further to the successful Property visit in early December by the Company's Geologist, has initiated the process for acquiring all necessary licenses to initiate the proposed exploration and drill program on the Santa Rita property (the "Property").
Mr. Rick Walker, B.Sc., M.Sc., P.Geo., a Geoscientist and Qualified Person as defined by NI 43-101, the Company's Geologist, having concluded that the Property is highly prospective for polymetallic Ag-Pb-Zn manto and / or vein style mineralization based on previously released Preliminary Interpretations (December 16, 2010), strongly recommended further work on the Property to thoroughly evaluate the mineral potential.
Based on this analysis, the Company has invested a further $100,000 into the Property according to the terms of its agreement, and has initiated the license application process for drilling, explosives, and other required permitting.

At present, the expectation is that this process will be complete by the end of January, with the planned work program to commence at the beginning of February.

Mr. Joseph Bucci, President of Coastal Pacific, commented, "We are very excited to be undertaking these concrete steps in getting our drilling and exploration program underway. Under Mr. Walker's guidance and oversight, all the required pieces to gain a thorough understanding of the Property's prospects are well underway. Furthermore, Mr. Peter Flueck, our partner on the Santa Rita project, recently provided a summary of prior work undertaken on the property and the estimated production potential, should our expectations for the property be borne out."

Mr. Flueck provided some of the following highlights, which are based on reports available for review on the Company website, together with his own analysis.

http://finance.yahoo.com/news/Coastal-Pacific-Mining-Santa-iw-2614170210.html?x=0&.v=1