Exhibit

We hereby consent to the inclusion of our opinion letter, dated September 26, 2018, to the Board of Directors of Contura Energy, Inc. (“Contura”) as Annex E to, and reference to such opinion letter under the headings “Summary—Opinion of Contura’s Financial Advisor,” “The Mergers — Background of the Mergers,” “The Mergers — Contura’s Reasons for the Mergers,” “The Mergers — Opinion of Contura's Financial Advisor,” and “The Mergers — Certain Unaudited Prospective Financial Information Prepared by Contura” in, the joint proxy statement and prospectus relating to the proposed transaction involving Contura, Alpha Natural Resources Holdings, Inc. and ANR, Inc., which joint proxy statement and prospectus forms a part of the Registration Statement on Form S-4 of Contura (the “Registration Statement”). By giving such consent, we do not thereby admit that we are experts with respect to any part of such Registration Statement within the meaning of the term “expert” as used in, or that we come within the category of persons whose consent is required under, the Securities Act of 1933, as amended, or the rules and regulations of the Securities and Exchange Commission promulgated thereunder.



	/s/ Bradley Meyer
Name:	Bradley Meyer
Title:	Partner
October 5, 2018