CONSOL Energy Files Registration Statement in Connection with Proposed Offer to Acquire Remaining Shares of CNX Gas


PITTSBURGH, Feb. 28 -- CONSOL Energy Inc. (NYSE:CNX) announced today that it has filed a Registration Statement on Form S-4 with the Securities and Exchange Commission in connection with its proposed exchange of 0.4425 shares of CONSOL Energy common stock for each outstanding share of CNX Gas Corporation (NYSE:CXG) that is not already owned by CONSOL Energy.

The Registration Statement relating to these securities has been filed but has not yet become effective and the proposed exchange offer has not yet commenced. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.

About CONSOL Energy:

CONSOL Energy Inc., a high-Btu bituminous coal and coal bed methane company, is a member of the Standard & Poor's 500 Equity Index and has annual revenues of $3.8 billion. It has 17 bituminous coal mining complexes in six states and reports proven and probable coal reserves of 4.5 billion tons. CONSOL Energy was named one of America's most admired companies in 2005 by Fortune magazine. It received the U.S. Department of the Interior's Office of Surface Mining National Award for Excellence in Surface Mining for the company's innovative reclamation practices in 2002, 2003 and 2004.

Also in 2003, the company was listed in Information Week magazine's "Information Week 500" list for its information technology operations. In 2002, the company received a U.S. Environmental Protection Agency Climate Protection Award. Additional information about the company can be found at its web site: http://www.consolenergy.com/.

Source: CONSOL Energy

CONTACT: Charles Mazur of CONSOL Energy, +1-412-831-4340

Web site: http://www.consolenergy.com/

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