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NTI Receives First Royalty Payment from Mining on Inuit Owned Lands

Released | May 1, 2012

Nunavut Tunngavik President Cathy Towtongie today announced that NTI received the first royalty payment as a result of mineral production on Inuit Owned Lands. The royalty payment of $2,249,500 was made by Agnico-Eagle Mines Ltd. from its Meadowbank Gold Mine north of Baker Lake.

“The NTI Board of Directors passed the NTI Mining Policy in December of 1997 making a clear commitment to support the development of mineral resources in Nunavut if there are significant long-term social and economic benefits for Inuit, and if it is consistent with protecting the eco-systemic integrity of Nunavut. NTI worked hard to implement that policy and I am pleased to announce that we have entered a royalty stream on Inuit Owned Lands,” said Towtongie.

by NationTalk on May 1, 2012450 Views

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PDAC’s comprehensive response to the regulatory proposals under Ontario’s modernized Mining Act

April 30, 2012

The PDAC’s comprehensive response to the regulatory proposals under Ontario’s modernized Mining Act has been posted for your information and review. We have provided a template cover letter for any members who wish to endorse PDAC’s concerns and recommendations by sending a letter to the Honourable Minister Bartolucci, Minister of Northern Development, and Mines, and ministry staff.

by NationTalk on May 1, 2012456 Views

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Mining industry gathers to discuss sustainable growth at CIM Conference & Exhibition in Edmonton

Edmonton, May 1, 2012 – The Canadian mining industry is a driving force of the country’s economy, contributing approximately $36 billion to its gross domestic product. With over 100,000 jobs to be filled within the next decade, and ongoing challenges to remain competitive in an ever-evolving world marketplace, mining touches the lives of every Canadian.

The CIM Conference and Exhibition 2012, hosted by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), will bring the world of mining to Edmonton from May 6 to 9 at the Shaw Conference Centre. Under the conference theme of “Minerals for all Seasons,” executives, operators, suppliers and managers from across the industry will be joining other professionals for intensive discussions on the technologies, issues, drivers and challenges for sustainable operations.

by NationTalk on May 1, 2012405 Views

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Discovery Air Inc. (TSX: DA.A) announces its results for the year ended January 31, 2012

Financial Highlights

• Revenues increased 27% to $191.7 million for the fiscal year ended January 31, 2012 (“Fiscal 2012”).

• Revenues for the quarter ended January 31, 2012 (“Q4/12”) increased 21% to $28.7 million.

• EBITDA* for Fiscal 2012 increased 9% to $46.4 million.

• EBITDA* loss was $5.0 million for Q4/12 compared to an EBITDA loss of $0.6 million for the same period last year.

by NationTalk on May 1, 2012312 Views

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Avanti Mining Inc. Final Environmental Assessment Application Accepted for Formal Review

Vancouver, BC – May 1, 2012 – Avanti Mining Inc. (TSX VENTURE: AVT) (PINKSHEETS: AVNMF) (“Avanti” or the “Company”) is pleased to announce that the Final Environmental Assessment (EA) Application / Environmental Impact Statement (EIS) for the Kitsault Mine Project (“Project”) in northern British Columbia (BC) has been accepted by the BC Environmental Assessment Office (EAO). On April 30, 2012, the BC EAO commenced the review of the Final EA Application /EIS. The BC EAO will undertake a legislated 180-day review of the Application. The CEA Agency will conduct its environmental review concurrently with the BC EAO. Avanti anticipates that the CEA Agency will complete its review within a similar timeframe as the BC EAO. To date, the BC EAO and the CEA Agency have worked jointly to advance the Project through their respective environmental review processes.

by NationTalk on May 1, 2012389 Views

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Shear Announces Diamond Recoveries from the Commencement of Processing High Grade Concentrate Stockpiles at the Jericho Diamond Mine

Toronto, Ontario – May 1, 2012 – Shear Diamonds Ltd. (TSX VENTURE:SRM) (“Shear”) is pleased to announce that it has begun processing its high grade concentrate (“Recovery Reject”) stockpiles at its 100%-owned Jericho Diamond Mine (“Jericho”) in Nunavut. A total of approximately 3,500 carats have been recovered from 358 tonnes after the first 10 full days of processing. For approximately the next 10 months, operations will be focused on the processing of these stockpiles. Following the required diamond valuation process by a Canadian government valuator, which is next scheduled for late May 2012, these and all future diamonds produced from Jericho, other than diamonds subject to a royalty if the holder has elected to take the royalty in kind, are to be delivered to Taché Company N.V., Shear’s diamond marketing partner, for sale into end markets.

by NationTalk on May 1, 2012307 Views

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Empire Industries Reports 2011 Year-end Results

Winnipeg, April 30, 2012 – Empire Industries Ltd. (TSX-V: EIL) today reported its audited consolidated financial results for the year ended December 31, 2012. The audited consolidated financial statements and MD&A have been filed on SEDAR and can be viewed at www.sedar.com or at www.empind.com.

Summary of results

• Revenues from continuing operations increased by 54% in the fourth quarter to $12.8 million and increased by 11% to $55.4 million for the year;
• The Company had a fourth quarter 2011 net loss of $0.9 million ($0.01 loss per share) versus a net loss of $3.3 million ($0.04 loss per share) for the fourth quarter of 2010;

by NationTalk on May 1, 2012307 Views

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Elgin Mining And Gold-Ore Resources Announce Results Of Shareholder Meetings

Vancouver, British Columbia, April 30, 2012 – Elgin Mining Inc. (TSX-V: ELG) (“Elgin Mining”) and Gold-Ore Resources Ltd. (TSX:GOZ) (“Gold-Ore”) are pleased to announce that at Special Meetings of the Shareholders (the “Meeting”) held earlier today, both companies received overwhelming approval for the plan of arrangement (the “Arrangement”) pursuant to which Elgin Mining will acquire all the issued and outstanding common shares of Gold-Ore (“Gold-Ore Shares”).

Of the votes cast, 99.31% of Gold-Ore shareholders voted in favour of the special resolution approving the Arrangement. Of the Elgin Mining votes cast, 99.8% voted to approve the issuance of Elgin Mining common shares (“Elgin Mining Shares”) and warrants to purchase Elgin Mining Shares (“Elgin Mining Warrants”) in connection with the Arrangement. Under the Arrangement, Gold-Ore shareholders will receive in exchange for each Gold-Ore Share, one Elgin Mining Share and one half of one Elgin Mining Warrant. Each whole Elgin Mining Warrant will be exercisable at a strike price of $1.30 per Elgin Mining Share with a two year term.

by NationTalk on May 1, 2012350 Views

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Anconia Closes Second Tranche of Financing for $400,000 and Provides Update on Closing of Additional Tranche

Toronto, Ontario – April 30, 2012 –
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Anconia Resources Corp. (TSX VENTURE:ARA) (“Anconia” or the “Company”) is pleased to announce the closing of a second tranche of its previously announced non-brokered private placement financing (see the Company’s news release dated February 14, 2012) (the “Offering”) for gross proceeds of $400,300. Together with the first tranche of the Offering which closed on March 19, 2012, Anconia has raised gross proceeds of approximately $1.63 million pursuant to the Offering. The Company expects to closing a final tranche of the Offering in May 2012.

by NationTalk on May 1, 2012430 Views

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Yukon-Nevada Gold Corp. Signs Socio-Economic Participation Agreement with Five Kaska First Nations

Vancouver, April 30, 2012 – Yukon-Nevada Gold Corp. (TSX: YNG) (Frankfurt Xetra Exchange: NG6) is pleased to announce that, along with its wholly owned subsidiary, Ketza River Holdings Ltd., it has signed a Socio-Economic Participation Agreement (“SEPA”) with Kaska First Nations (“Kaska”) located in both Northern British Columbia and the Yukon Territory.

The SEPA has been negotiated over the last five years and is designed to foster and promote social and economic opportunities for First Nations members and contractors. There are also numerous beneficial effects that accrue to Yukon-Nevada Gold Corp. (“YNG” or the “Company”).

by NationTalk on April 30, 2012556 Views

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Recommendations chart the course for social innovation

Vancouver – On Friday April 27, the BC Social Innovation Council presented to government their Action Plan Recommendations to Maximize Social Innovation in British Columbia.

The plan charts out a course for government, businesses, non-profits and communities in British Columbia that sparks action now, while providing a strong foundation for the future.

The BC Social Innovation Council incorporated feedback from individuals and organizations in the community and non-profit sectors, as well as youth, academic, business and government stakeholders in its recommendations, which focus on five key areas:

by NationTalk on April 30, 2012404 Views

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Lions Gate Metals Inc. Signs Extension of Communication & Engagement Agreement with First Nations

Vancouver, BC – April 30, 2012 – Lions Gate Metals Inc. (TSX VENTURE:LGM) (“Lions Gate” or the “Company”) is pleased to announce that it has signed an amended Communication and Engagement Agreement (CEA) with the Office of the Wet’suwet’en. The amendments extend the terms of the original CEA to ensure continued First Nations support with the Company’s exploration activity in parts of the Wet’suwet’en traditional territories where LGM wishes to advance select exploration activities this summer.

by NationTalk on April 30, 2012477 Views

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Selwyn Chihong Receives Howard’s Pass Mine Access Road Licence

Vancouver, BC – April 30, 2012 – Selwyn Resources Ltd. (TSX VENTURE:SWN) (“Selwyn”) announces that Selwyn Chihong Mining Ltd. (Selwyn Chihong), the joint venture company formed by Selwyn and Chihong Canada Mining Ltd. to advance the Selwyn Project to production, has been granted long-term tenure for the portion of the Howard’s Pass Access Road that is under the jurisdiction of Aboriginal Affairs and Northern Development Canada (AANDC).

The Howard’s Pass Access Road is an existing 79 kilometre long road that links the Selwyn Project with the Yukon public highway system. AANDC has issued Selwyn Chihong a 30-year Licence of Occupation covering the majority of the road. “This licence provides us with a portion of the long-term certainty of access to the Selwyn Project, which is of critical importance for planned mine construction activities and future ore concentrate haulage,” says Justin Himmelright, Vice President of Environment and Community Affairs, Selwyn Chihong.

by NationTalk on April 30, 2012892 Views

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NEWave Dramatically Expands Relationship With Muscogee Creek Nation, Installs Software Solutions Across Tribe’s Entire Gaming Enterprise

Las Vegas, NV – Apr 27, 2012 – Leading and award-winning software supplier to the gaming industry NEWave has long partnered with the Muscogee Creek Nation. Now, NEWave is dramatically expanding its relationship with the tribe’s gaming enterprise and will be installing its software solutions at ten of its casinos across Oklahoma.

NEWave’s Title 31 Manager software solution has been protecting the tribe’s River Spirit Casino in Tulsa, Okla., against non-compliance and fines since 2010, and now NEWave will be installing Title 31 Manager, Tax Form Validator, TinCheck, and eFile IRS at ten additional Creek Nation properties.

by NationTalk on April 30, 2012350 Views

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Tribe to Hold Annual Caucus

April 27, 2012

Three Positions Open for Nomination

The Saint Regis Mohawk Tribe will hold its annual caucus on Saturday May 5, 2012. Three positions will be open: one for Tribal Chief, one for Tribal Sub-Chief and one for Tribal Clerk. As a reminder, nominators must be an eligible voters and an eligible voter must: 1) be at least eighteen (18) years of age, 2) be an enrolled member of the Saint Regis Mohawk Tribe, 3) reside in the United States or in the U.S. portion of Akwesasne for at least six months immediately prior to the election and, 4) have their name on the most current eligible voters list. The caucus will begin at 10:00 a.m. in the lobby of the Tribal Community Building.

by NationTalk on April 27, 2012396 Views

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Native American Energy Group Restructures Technology License Agreement

Restructuring Leads to Cancellation of $400,000 in License Fees and Retirement of 1.9 Million Shares to Treasury

Forest Hills, NY – Apr 26, 2012 – Native American Energy Group, Inc. (OTCQB: NAGP) (PINKSHEETS: NAGP) today announced that it has amended its technology license agreement with Windaus Energy, Inc. (“Windaus”) a supplier of wind turbine energy products based out of Ontario, Canada.

by NationTalk on April 27, 2012355 Views

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Comox Valley Community Capacity Initiative – Request for Proposal/ Contractor

Wednesday, 25 April 2012

Comox Valley Community Capacity Initiative

(Dawn to Dawn, AIDS Vancouver Island, Comox Valley Transition Society and Wachiay)

This Request for Proposals (RFP) is to obtain consultant services in support of the Comox Valley Community Capacity Initiative (CVCCI). The project scope includes a number of sub projects which will improve community capacity by identifying, strengthening and sustaining a collective approach to better meeting the needs of the “homeless” and “at risk of becoming homeless”in the communities of the Comox Valley. The deliverables include facilitated focus group sessions, preparation of an assessment tool, identification of best practices and the delivery of educational workshops for agency staff. The anticipated project timeline is 12 months starting June 1st, 2012.

by NationTalk on April 26, 2012435 Views

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Tribe Opens Bid Process for Ice Cream Stand

April 25, 2012

The Saint Regis Mohawk Tribal Council announced today that they will be accepting bids for the ice cream stand and all associated equipment located in the front parking lot of the First Americans IGA store. The deadline for bid submission will be on Thursday May 3, 2012 at 12:00 p.m. (noon). The successful bid will be announced on Friday May 4, 2012 by close of business.

The successful bidder must relocate the ice cream stand and its equipment as soon as reasonably possible after winning the bid and making payment. Sealed bids must be submitted in person to Ann Bero, Tribal Council Executive Secretary, by the May 3, 2012 deadline. Interested individuals may contact Donnie Comins at 518-358-9098 during normal business hours. The Saint Regis Mohawk Tribe reserves the right to reject any and all bids. Payment must be made by certified check, post office money order or cash and must be received by close of business on Monday May 7, 2012.

by NationTalk on April 26, 2012456 Views

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Khalkos Exploration Inc./Nanuq: New High Potential Copper-Silver-Gold Property

Montreal, Quebec – April 24, 2012 – Management of KHALKOS EXPLORATION INC. (“Khalkos”) (TSX VENTURE:KAS)is pleased to announce the acquisition of a new property with a high potential in copper-silver-gold, located in Nunavik, around 40 km south of Salluit, Quebec. Khalkos directly acquired the Nanuq property, totalling 150 claims (62 km2), just after the public release in March of the results of a major lake sediment sampling survey completed by the Ministry of Natural Resources and Fauna of Quebec (MRNFQ). Nearly 3,000 lakes spread out over most of the Ungava, covering a 39,000 km2 area, were sampled in 2011 by the MRNFQ. The new property, Nanuq, covers the core of a significant pluri-kilometric copper-silver (mercury, gold) anomaly, which is, according to Khalkos’ geologists, the most significant result of the survey.

by NationTalk on April 26, 2012413 Views

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Deer Management Citizens Advisory Group appointed by CRD Board

For Immediate Release
April 25, 2012

The Capital Regional District Board has appointed an 11 member Citizens Advisory Group (CAG) to guide the development of a deer management strategy and action plan for the region. The applicants were recommended by the Planning, Transportation & Protective Services Committee.

“To ensure a balanced approach, the committee members were selected to represent a range of views, interests and geographical areas”, says Geoff Young, CRD Board Chair. The Board appointed five members from the Core municipalities, four from the Peninsula municipalities, and two from the West Shore. This includes representation from commercial farmers and First Nations.

by NationTalk on April 26, 2012555 Views

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Newfoundland and Labrador helps Canada maintain its global mining superpower status

Rich resources, skilled workforce and large investments poise province for billions in new mining growth

St. John’s, April 25, 2012 – Newfoundland and Labrador’s economy will benefit from billions in mining investment in the near term as more than $140 billion in new mining investment is expected across Canada over the next five years. This growth is largely attributed to a number of promising projects located in the province, according to the Mining Association of Canada (MAC).

In a speech to members of the St. John’s Board of Trade, MAC President and CEO Pierre Gratton said strong commodity prices, driven by growing demand in rapidly developing nations such as China and India, are creating more opportunities for new mine development and major mine expansions not seen in many years.

by NationTalk on April 26, 2012299 Views

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Tamerlane Receives Updated Land Use Permit and Water License for Its Pine Point Project

Vancouver, British Columbia – April 25, 2012 – Tamerlane Ventures Inc. (TSX VENTURE:TAM) –

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Tamerlane Ventures Inc. (“Tamerlane” or the “Company”) announced today that the Federal Minister of Aboriginal Affairs and Northern Development Canada has approved and signed a 5-year extension to Tamerlane’s Type A Water License for the Pine Point Project.

by NationTalk on April 25, 2012294 Views

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SaskTel Reports 2011 Annual Report

News Release – April 23, 2012

SaskTel today reported 2011 net income of $154.0 million, up $4.5 million (3.0 per cent) from 2010 and operating revenues of $1,125.8 million, up $12.8 million (1.2 per cent) from 2010. The performance was driven by MaxTM Entertainment Services revenues due to increased number of customers and increased revenue per customer, and wireless revenue due to increased number of customers, increased smartphone sales and increased data usage. SaskTel also recognized gains on the sale of two subsidiaries which significantly increased net income for the year.

by NationTalk on April 25, 2012606 Views

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Northwestel Sponsorship of Sunchild

Friday, April 20, 2012

Mark Walker, Vice President of Government and Aboriginal Relations and Business Solutions for Northwestel, toured the Sunchild E-Learning Centre in Inuvik yesterday to see first-hand the results of the program.

Northwestel provides high-speed DSL internet free of charge to the Sunchild Centre. This service is essential for the continuing success of the program and allows students to log in to classes online and communicate with their teachers from a distance.

by NationTalk on April 25, 2012422 Views

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Revised – Discovery Air Inc. to host Fiscal 2012 Fourth Quarter and Year End Results Conference Call on Monday, April 30, 2012

Yellowknife, NT, April 24, 2012 – Discovery Air Inc. (TSX: DA.A, DA.DB.A) announced today that its analyst call previously scheduled to be held on April 26, 2012 will be held on April 30, 2012, at 4:00 pm (Eastern Time) to discuss its fiscal 2012 fourth quarter and year end results. Dave Jennings, President and CEO, and Andy Min, Chief Financial Officer, will host the call. Discovery Air Inc. is expected to report its financial results before markets open on Monday, April 30.

Interested parties may join the call by dialing 1-888-231-8191 and entering passcode 73003694. Please dial in 15 minutes prior to the call start time to secure a line. The conference call will be archived for replay from two hours following its conclusion until May 7, 2012 at midnight. To access the archived conference call, please dial 1-855-859-2056 or 416-849-0833 and enter the same passcode. The conference call will also be archived for replay on Discovery Air’s website at www.discoveryair.com/investors.

by NationTalk on April 24, 2012328 Views

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Barkerville Announces Resignations and Appointment

News Release 12-10
April 23, 2012

Vancouver, B.C. – Barkerville Gold Mines Ltd. (TSXV:BGM) (the “Company”) – announces that it has recently received and accepted the resignations from each of Craig D. Thomas, as a director of the Company, and from Jack H. L. Miller, as the Chief Executive Officer of the Company.

The Company also announces that J. Frank Callaghan, the current President and a director of the Company, has now been appointed as the Company’s Chief Executive Officer to replace Mr. Miller.

The Board of Directors of the Company would like to thank Messrs. Thomas and Miller for their contributions to the Company and wishes them well in their future endeavours.

by NationTalk on April 24, 2012453 Views

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Prosperity Goldfields Corp. and Smash Minerals Announce Completion of Amalgamation

Vancouver, B.C. – April 23, 2012 – Prosperity Goldfields Corp. (“Prosperity”) (TSX VENTURE:PPG) and Smash Minerals Corp. (“Smash”) (TSX VENTURE:SSH) provide an update on their amalgamation and the core drilling program at Prosperity’s Kiyuk Lake gold property, Nunavut.

Business Combination

Having received shareholder approval, Prosperity and Smash will amalgamate, under the British Columbia Business Corporation Act, into a new company to be named Prosperity Goldfields Corp. (“Amalco”), effective April 24, 2012.

by NationTalk on April 24, 2012530 Views

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Peregrine Discovers Third Kimberlite this year at Lac de Gras, Canada

April 24, 2012

Peregrine Diamonds Ltd. (“Peregrine” or “the Company”) (TSX:PGD) is pleased to report that it has discovered a third kimberlite this year in the Lac de Gras region, Northwest Territories, Canada. The kimberlite, named LD-3, was discovered at the third of four land-based geophysical targets drilled during the winter program. Lac de Gras, home to the EKATI and Diavik diamond mines, is one of the most prolific diamond districts in the world since kimberlite was first discovered there in 1991.

by NationTalk on April 24, 2012387 Views

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Show Home Opens at Canyon Desert Community in Oliver

Show Home Opens at Canyon Desert Community in Oliver
Osoyoos Indian Band with Bellstar Development Inc. creates a new residential community in Oliver, British Columbia

OLIVER, BC (April 23rd, 2012): A brand new show home, opened to the public on Friday, will mark the official launch of the Canyon Desert development, bringing sought after luxury residences to the community of Oliver, in Canada’s warmest place to live and play – the South Okanagan.

The Canyon Desert development is one of the South Okanagan’s largest new projects to proceed with construction in 2012. Located on the edge of the Osoyoos Indian Band’s NK’MIP Canyon Desert Golf Course, 12 of 17 homes in the first stage have been sold and will be completed in late summer and fall of 2012. Over the next three years, it is expected that the development will host 81 single family resort homes in Phase One of this multi-phase project.

by NationTalk on April 24, 2012413 Views

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Appointment of Jean-Sebastien David as Vice-President Operations

Saguenay, Quebec – April 24, 2012 – The management of Arianne Resources Inc. (the “Company” or “Arianne”)(TSX VENTURE:DAN)(FRANKFURT:JE9N)(OTCBB:DRRSF) is pleased to announce the appointment of Jean-Sébastien David as Vice-President Operations with direct responsibility for Project Management in the development of the Lac a Paul phosphate mine to be built in the Saguenay/Lac St. Jean region of Quebec.

In this new role, Mr. David will be responsible for completion of Environmental and Social Impact Baseline Studies and Impact Assessments, oversight of the Lac a Paul Bankable Feasibility Study and acquisition of necessary Environmental and Mine Development Permits through the BAPE process. His objective will be to guide the Company’s activities through the environmental permitting and feasibility study process to the commencement of construction of the Lac a Paul Project.

by NationTalk on April 24, 2012527 Views

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Canadian Orebodies Announces Proposed Spin-Out of Non Iron Ore Assets

Toronto, Apr 24, 2012 — Canadian Orebodies Inc. (TSXV: CO) (“Canadian Orebodies” or the “Company”) is pleased to announce that its Board of Directors has determined, in principle, to proceed with a restructuring of its assets by spinning out the non iron ore assets into a new company to be incorporated (“SpinCo”). The objective of such restructuring is to enhance shareholder value by, among other things, improving the recognition and value of its iron ore and lithium and rare metals assets by separating such assets between two companies (as described below).

by NationTalk on April 24, 2012373 Views

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Launch of the Quebec Mining Week 2012 – Ministers Corbeil and Simard of Quebec emphasize knowledge in mining

Quebec City, April 23, 2012 – Today marks the official launch of the 21 th edition of the Quebec Mining Week, which runs from April 23 to 29, on the theme A world of knowledge . The Minister for Natural Resources and Wildlife and Minister responsible for the Saguenay-Lac-Saint-Jean region and the North Shore, Serge Simard and the Minister of Agriculture, Fisheries and Food, Minister responsible for Abitibi-Témiscamingue and Nord-du-Quebec and Member for Abitibi-Est, Pierre Corbeil, stressed the importance of this event.

“What makes Quebec’s strength in mining, it is his knowledge and expertise, and this, from exploration to reclamation. We adopted a dynamic approach and the vanguard of our own and that is a model of mining development in the world. The force of the Quebec mining industry clearly demonstrates that our expertise is paying off, “said Minister Simard.

by NationTalk on April 23, 2012363 Views

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Statement By Ontario Premier Dalton McGuinty On 2012 Budget

April 20, 2012

Today Premier Dalton McGuinty released the following statement:

“Balancing the budget is essential to creating jobs and growing the economy. Our five-year plan to balance the budget will keep our economy on track while protecting health care and education.

The budget plan presented to Ontarians did include ideas put forward by both opposition parties.

The PCs, led by Tim Hudak, proposed a very low rate of growth in government spending. The budget proposes only one per cent annual increases in spending over the next three years, and seeks a real wage freeze for our doctors, teachers and other public servants.

by NationTalk on April 23, 2012323 Views

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Minfocus Exploration Signs MOU with Lac des Mille Lacs First Nation and Plans Summer Work Program on Chief Peter PGE Property

April 23, 2012 – Minfocus Exploration Corp. (TSX-V: MFX) (“Minfocus”) is pleased to announce that it has signed a Memorandum of Understanding (“MOU”) with Lac des Mille Lacs First Nation regarding exploration by Minfocus in the traditional territories of the Lac des Mille Lacs First Nation. The MOU develops the relationship between the two parties and terms of reference for exploration activities by Minfocus, as well as providing for both parties to cooperate in developing a more extensive Impact Benefits Agreement in the event that Minfocus’ exploration leads to more advanced exploration.

by NationTalk on April 23, 2012458 Views

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Benton Receives Conditional Approval for Spin-Out and Provides Business Update

Thunder Bay, Ontario: Benton Resources Corp. (“Benton” or the “Company) is pleased to announce that it has received conditional approval from the TSX Venture Exchange (“TSX-V”) for its previously announced spin-out transaction. Pursuant to a plan of arrangement (the “Arrangement”) and subject to obtaining requisite shareholder and court approvals, Benton will spin-off all of its assets, other than its approximate 57,866,754 million shares of Coro Mining Corp. (“Coro”) (COP: TSX), its Goodchild Project, and approximately $730,000 in working capital, to a new company to be named Benton Resources Inc. (or “Newco”). Newco will receive all of the exploration assets, remaining cash and equity positions of Benton other than the Coro shares, the Goodchild Project, and the approximately $730,000 in working capital being left behind. On the effective date of the Arrangement, which will occur shortly after shareholder approval for the spin-out is obtained (the “Effective Date”), shareholders of Benton will receive one new common share of Benton and one new common share of Newco for each share of Benton that they held prior to the Effective Date. Following the Effective Date, both the common shares of Benton and Newco will trade on the TSX-V, subject to Benton and Newco complying with the conditions imposed by the TSX-V. The Company will seek shareholder approval for the spin-out transaction at its previously scheduled AGM to be held on May 23, 2012, from shareholders of record on April 18, 2012. On the Effective Date, Benton will be renamed Benton Capital Corp.

by NationTalk on April 23, 2012418 Views

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Elgin Mining Releases Third Set of Drill Results at the Lupin Mine

April 23, 2012

Vancouver, British Columbia, April 23, 2012 – Elgin Mining Inc. (“Elgin Mining” or the “Company”) (TSX-V: ELG) is pleased to announce the third set of drill results at its wholly-owned Lupin Mine in Nunavut, Canada.

The results are from the final holes in the first stage drill program for the upper portion of the West Zone South of Shaft (WZSOS) and the first set of surface exploration holes into the L19 zone.

We are very pleased to report that all holes intercepted anticipated gold mineralization as planned, with highlights as follows:

by NationTalk on April 23, 2012427 Views

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Fission Energy Enters into Agreement to Acquire Pitchstone Exploration Ltd.

April 23, 2012

FISSION ENERGY CORP. (“Fission” or “the Company”) (TSX-V: FIS) is pleased to announce that it has entered into an Arrangement Agreement (“the Agreement”), whereby Fission has agreed to acquire all of the issued and outstanding shares of Pitchstone Exploration Ltd. (“Pitchstone”) by means of a Plan of Arrangement (“the Arrangement”).

Acquisition Terms

Fission has agreed to issue 0.2145 common shares of the Company (“Common Shares”) for each common share of Pitchstone. Based on 45,208,185 Pitchstone shares outstanding, Fission will issue 9,697,156 Common Shares to complete the transaction, representing approximately 8.5% of Fission’s issued and outstanding Common Shares as of the date hereof. Pitchstone has further agreed to a C$250,000 termination fee that is payable upon the occurrence of certain events, including if Pitchstone enters into a superior proposal. Pitchstone Options and Warrants will be converted to Fission Options and Warrants on the same basis as the common shares.

by NationTalk on April 23, 2012443 Views

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Pitchstone Agrees to Take-over offer from Fission Energy

April 23, 2012

Pitchstone Agrees to Take-over offer from Fission Energy

Pitchstone Exploration Ltd. (“Pitchstone” or “the Company”) (TSX-V: PXP) announces that it has entered into an Arrangement Agreement (“the Agreement”), whereby all of the issued and outstanding shares of Pitchstone will be acquired by Fission Energy Corp. (“Fission”) (TSX-V: FIS) by means of a Plan of Arrangement (“the Arrangement”).

by NationTalk on April 23, 2012546 Views

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Media Advisory – Workforce One-Stop 2012: Connecting the Skilled Workforce with Workplaces and Marketplaces

Toronto, April 20, 2012 – Employers and educators are looking for ways to prepare workers to use new technologies and innovative tools for the workplace.

Workforce One-Stop 2012, hosted by The Conference Board of Canada, promises to provide practical advice on how to find, recruit, develop, and retain workers successfully.

When: Monday, April 23, 2012 to Wednesday, April 25, 2012.

by NationTalk on April 20, 2012479 Views

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OMA member Osisko strengthens mining industry-Metis relations

Ontario Mining Association
April 20, 2012

OMA member Osisko Mining has signed a Memorandum of Understanding (MOU) with the Metis Nation of Ontario (MNO) concerning the development of its Hammond Reef gold project in Northwestern Ontario — The MOU defines how the parties will be consulted and commits both parties to work together to address potential impacts of the mineral development project on Metis rights, interests and way of life. . . . .

“The signing of the MOU is the result of a respectful consultation process between the signatories,” said Sean Roosen, Osisko President and Chief Executive Officer. “The agreement represents a milestone in our continuing working relationship with all the local communities in the region and underscores Osisko’s commitment to continue developing a strong relationship with Aboriginal people.”

by NationTalk on April 20, 2012569 Views

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NaiKun Wind Announces Issuance of Shares for Service

Vancouver, B.C. – April 19, 2012 – NaiKun Wind Energy Group Inc. (TSX-V: NKW) (“the Company” or “NaiKun Wind”) today announced the quarterly issuance of shares to the Company’s directors and CEO.

Effective April 1, 2010, as stated in the Company’s news release of May 20, 2010, compensation to members of the Board was reduced by 50%. As part of the reduced Board compensation it was also decided that 25% of that reduced compensation would be paid in the form of common shares in lieu of cash. Accordingly, the Company issued 87,241 shares to its directors for the quarter ended March 31, 2012. Additionally, the Company issued 104,167 common shares to the Company’s CEO, for the quarter ended March 31, 2012, as the share portion of his compensation. All shares were issued at the closing share price for March 31, 2012 of $0.12.

by NationTalk on April 20, 2012729 Views

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ATCO Ltd. to Release First Quarter Results Friday, April 27, 2012

Calgary, Alberta – April 19, 2012 – ATCO Ltd. (TSX:ACO.X) (TSX:ACO.Y) will release its financial results for the first quarter ended March 31, 2012 on Friday, April 27, 2012. The news release will be distributed via www.marketwire.com and the results, including Financial Statements and Management’s Discussion & Analysis, will be posted on www.atco.com.

ATCO Ltd., with more than 8,800 employees and approximately $12 billion in assets, delivers service excellence and innovative business solutions worldwide with leading companies engaged in structures & logistics (manufacturing, logistics and noise abatement), utilities (pipelines, natural gas and electricity transmission and distribution), energy (power generation, natural gas gathering, processing, storage and liquids extraction) and technologies (business systems solutions). More information can be found at www.atco.com.

by NationTalk on April 19, 2012417 Views

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Azimut reports on gold results from the Nantais Project, Nunavik, Northern Quebec

For immediate release
April 19, 2012
Symbol: AZM.TSX Venture

Longueuil, Quebec – Azimut Exploration Inc (“Azimut”) (TSXV: AZM) reports encouraging gold results from the late summer 2011 prospecting program on its 100%-owned Nantais property in Nunavik, northern Quebec. The project is located about 80 km south of Xstrata’s world-class Raglan nickel mine and 115 km southwest of the Inuit village of Kangiqsujuaq. A follow-up program is being planned for this summer to further assess the property’s potential.

by NationTalk on April 19, 2012355 Views

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Construction in Canada enters 2nd decade of strong growth

April 19, 2012

Priority on recruiting, training and managing trade mobility for resource projects

Construction employment will remain at all-time record high levels in Canada for the next decade or so, according to a new forecast of labour supply and demand published by the Construction Sector Council (CSC).

Canada will need an estimated 319,000 new construction workers from 2012 to 2020 to keep pace with increased construction demand and to compensate for the rising number of expected retirements, says the national summary report, Construction Looking Forward, 2012–2020 Key Highlights.

by NationTalk on April 19, 2012431 Views

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Harry Winston Endorses Responsible Resource Development Plan

Harper plan strikes the right balance between environmental protection and Northern development

Toronto, April 18, 2012 – Harry Winston Diamond Corporation (TSX:HW, NYSE:HWD) (the “Company”) applauds the announcement by the Harper Government of a new, streamlined review process for major economic projects.

“By taking action to improve the regulatory review system for significant economic projects in Canada, the Harper Government is sending a clear signal to Canadians that they are focused on creating jobs and strengthening our economy,” said Robert Gannicott, Chairman and Chief Executive Officer. He continued, “The process that Minister Oliver outlined yesterday strikes the right balance between the need for transparent and effective environmental protection, and one which allows worthy projects to move forward quickly, creating new, better jobs for Canadian workers.”

by NationTalk on April 19, 2012534 Views

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Discovery Air Inc. to host Fiscal 2012 Fourth Quarter and Year End Results Conference Call on Thursday, April 26, 2012

Yellowknife, NT, April 18, 2012 – Discovery Air Inc. (TSX: DA.A, DA.DB.A) announced today that it will host an analyst call on Thursday, April 26, 2012 at 4:00 p.m. (Eastern Time) to discuss its fiscal 2012 fourth quarter and year end results. Dave Jennings, President and Chief Executive Officer, and Andy Min, Chief Financial Officer, will host the call. Discovery Air Inc. is expected to report its financial results before markets open on Thursday, April 26.

Interested parties may join the call by dialing 1-888-231-8191. Please dial in 15 minutes prior to the call start time to secure a line. The conference call will be archived for replay from two hours following its conclusion until May 3, 2012 at midnight. To access the archived conference call, please dial 1-855-859-2056 or 416-849-0833 and enter passcode 73003694. The conference call will also be archived for replay on Discovery Air’s website at www.discoveryair.com/investors.

by NationTalk on April 19, 2012360 Views

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Selwyn Chihong Agreement with Naha Dehé Dene

Trading Symbol: SWN.TSX-V
News Release – 2012-14

April 18, 2012

Selwyn announces that Selwyn Chihong Mining Ltd. (“Selwyn Chihong”), the joint venture company formed by Selwyn and Chihong Canada Mining Ltd. to advance the Selwyn Project, have entered into a resource funding agreement with Naha Dehé Dene Band (Nahanni Butte) to undertake negotiations of a community agreement in respect of Selwyn Project activities within its traditional territory in the Northwest Territories.

by NationTalk on April 18, 2012485 Views

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Encanto Potash selects pre-feasibility engineering firm and provides operational update

Encanto Potash Corp. (“Encanto” or the “Company”) (TSXV: EPO and OTCQX: ENCTF) is pleased to announce the appointment of Novopro Project Inc. (“Novopro”) to provide engineering services for its pre-feasibility study (“PFS”) on the Muskowekwan Potash Property in Saskatchewan. The PFS is the next level of evaluation following the very favourable PEA completed in August 2011 and will comprise an initial 2.5 million metric tonne per year (MMt/yr) solution mine utilizing the significantly increased potash resource that was released on March 26, 2012. The PFS is scheduled to be completed in Q4, 2012.

Encanto President and CEO James Walchuck commented, “By engaging Novopro, an experienced and respected engineering firm, to carry out a PFS, Encanto has evolved from a potash exploration company into a mine development company. Having established a large potash resource base, we’re extremely pleased to have the expertise of Novopro to fast track the development of our property and enhance the value of the Company for its shareholders.”

by NationTalk on April 18, 2012268 Views

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18 First Nations added to the Framework Agreement on First Nations Land Management

WESTBANK, B.C. (April 17, 2012) –Chief Robert Louie, Chair of the First NationsLands Advisory Board (LAB) and the Honourable John Duncan, Minister of Aboriginal Affairs and Northern Development have announced the addition of 18 First Nations to the Framework Agreement on First Nations Land Management.

“This is another historic day for the Framework Agreement,” stated Chief Louie. “We are extremely proud that the Framework Agreement, and the implementation of land governance, is such a huge success. Eighteen more First Nations, literally from coast to coast across Canada, now have the opportunity to assume jurisdiction over their reserve lands and resources and opt out of the land-related sections of the Indian Act. This control is a critical step on the path to self-sufficiency.”

by NationTalk on April 18, 2012795 Views

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Prospectors and Developers Association of Canada Welcomes Federal Government’s Resource Development Plan

Toronto, Ontario – April 17, 2012 – The Prospectors and Developers Association of Canada (PDAC) welcomes the federal government’s plan for responsible resource development announced today.

“We commend the federal government for its goal of a system that provides predictable and timely reviews, reduced duplication, strengthened environmental protection and enhanced Aboriginal consultation,” says PDAC Executive Director Ross Gallinger.

“The mineral exploration and development industry needs an efficient regulatory regime that encourages investment by providing certainty and predictability for resource development projects,” says Gallinger. “An effective regulatory system is a key factor in a company’s decision about where to invest.”

by NationTalk on April 18, 2012333 Views

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