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Press ReleasesText

Miramar Announces Q2 2007 Financial Results

-Cash and equivalents at the end of the second quarter of $131.4 million-

VANCOUVER — Miramar Mining Corporation today announced its financial results for the second quarter ended June 30, 2007. For the three month period, Miramar reported consolidated net loses of $2.8 million or $0.01 per share compared to net earnings of $1.9 million or $0.01 per share for the same period in 2006. The Company ended the quarter with cash and short term investments of $131.4 million.

Second Quarter Highlights

Work in the quarter focused on completing and announcing the updated 2006 resource calculation, completion of the ice based drilling at the Madrid deposit, site preparation for the construction of the Doris North Mine and progressing licensing and permitting for the Doris North Mine. Significant exploration results reported in the quarter were from the Suluk and Rand deposits within the Madrid area. At Suluk, wide intercepts of mineralization were encountered at surface, including hole #549 which intercepted 7.0 g/t over 48 meters, hole #539 which intercepted 6.2 g/t over 48 meters and hole #529 which intercepted 86.5 g/t over 2 meters. At Rand, positive results included near surface encounters of visible gold and higher than expected grade, including hole #532 which intercepted 5.0 g/t over 28 meters and hole #542 which intercepted 8.4 g/t over 54 meters.

by NationTalk on August 15, 2007885 Views

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Pearl Announces Financial Results for Interim Period Ended June 30, 2007

CALGARY, ALBERTA–(Aug. 14, 2007) – Pearl Exploration and Production Ltd. (“Pearl” or the “Company”) (TSX Venture:PXX)(FIRST NORTH:PXXS) is pleased to announce the results of the three and nine months ended June 30, 2007.

PRESIDENT’S MESSAGE

The second quarter of calendar 2007 saw the Company continue with its stated goals of building a strong base of production and cash flow from its core properties in western Canada while pursuing high upside potential through steam pilot projects and acquisitions. Despite challenges from extreme cold weather in the first quarter and anomalously high rainfall in the second quarter, the Company was able to increase production levels by 14% (6,966 to 7,910 boepd) and revenues by 21% ($19.4 million to $23.5 million) during the quarter. These gains are expected to increase and continue throughout the remainder of 2007.

At Onion Lake, we are aggressively pushing forward our development project with 30 wells drilled this year and a production increase from approximately 350 at the end of the first calendar quarter to 1,300 barrels of oil equivalent per day at the time of writing of this letter. We are well along the way to implementing a steam flood pilot project which could have a dramatic impact on recoverable reserves. Due to positive results, we have elected to move 30 contingent wells to our firm capital budget and now expect Onion Lake to contribute between 4,000 and 4,400 barrels of oil equivalent per day to our bottom line numbers by the end of 2007. Relations with the Onion Lake First Nations continue to be good, and we look forward to a strong partnership in the future.

To view full press release, please visit here.

by NationTalk on August 14, 2007844 Views

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Plutonic Power Successfully Applies for Three New Run-Of-River Hydroelectric Projects

Project Highlights:
– Three sites located in the Bute Inlet area at Gargoyle Creek, Coola Creek and Heakamie River
– Total capacity potential of approximately 110 megawatts (MW)
– Potential to generate approximately 320 gigawatt hours (GWh) of renewable energy annually

VANCOUVER, BRITISH COLUMBIA–(Aug. 13, 2007) – Plutonic Power Corporation (TSX:PCC) is pleased to announce that it has successfully completed Stages 1 and 2 towards securing a Water License and Crown Land rights from the Integrated Land Management Bureau (Ministry of Agriculture and Lands) and the Water Stewardship Division (Ministry of the Environment), for the development of three run-of-river non-storage hydroelectric power projects to be located on Gargoyle Creek, Coola Creek and Heakamie River, near the headwaters of Bute Inlet, approximately 130 km north of Powell River, BC.

by NationTalk on August 13, 2007989 Views

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Petrobank Announces Second Quarter Results

CALGARY, ALBERTA–(Aug. 10, 2007) – Petrobank Energy and Resources Ltd. (“Petrobank” or the “Corporation”) (TSX:PBG) (OSLO:PBG) is pleased to announce second quarter financial and operating results.

HIGHLIGHTS

– Production increased by 23 percent to 6,942 barrels of oil equivalent per day (“boepd”) from 5,629 boepd in the second quarter of 2006. Canadian Business Unit production increased by 36 percent to 4,094 boepd while production from the Latin American Business Unit increased by nine percent to 2,848 barrels of oil per day (“bopd”).

– Capital expenditures were $165.7 million: $114.6 million in Canada; $42.1 million in Latin America; and $9.0 million in the Heavy Oil Business Unit.

– Net income increased to $16.6 million, 37 percent higher than the second quarter of 2006. On a per diluted share basis, net income increased by 29 percent to $0.22 in the second quarter of 2007 from $0.17 in the first quarter of 2006.

by NationTalk on August 13, 2007877 Views

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Ontario Invests In Red Rock Indian Band Economic Diversification Project – #950179

News Release
Ministry of Northern Development and Mines
August 10, 2007 – 193

McGuinty Government Supports Wood Processing Plant Feasibility Study

THUNDER BAY – The Ontario government is helping determine the feasibility of establishing a new wood processing plant east of Nipigon, Thunder Bay-Superior North MPP Michael Gravelle announced today on behalf of Northern Development and Mines Minister Rick Bartolucci.

“The McGuinty government is committed to helping Northwestern First Nation communities take advantage of new economic development opportunities that create jobs,” said Gravelle. “Our investment will help the Red Rock Indian Band further investigate the potential for a new wood sorting and processing facility in their region.”

by NationTalk on August 10, 2007910 Views

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Savanna Announces Second Quarter Results

Calgary, Alberta TSX – SVY
August 9, 2007

Savanna is pleased to report its results for its second quarter ended June 30, 2007.

Financial Highlights
(Stated in thousands of dollars, except per share amounts)
>>Financials

Revenues and operating expenses have both been affected by a change in accounting policies with respect to revenue recognition and cost recoveries billed to customers. As a result, revenue and operating expenses for the six months ended June 30, 2007 have increased by $3.2 million to account for expenditures recovered during the three months ended March 31, 2007. There was no effect on operating margin as a result of this change. The change was applied retroactively; however no changes were required for the three and six month periods ending June 30, 2006.

by NationTalk on August 10, 2007859 Views

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“Inaugural Business on the Red”

Sep 20 2007

Tansi! Greetings! Bonjour!

The Aboriginal Chamber of Commerce offers an exciting range of opportunities for commercial organizations to support its work as a Chamber in Manitoba. Companies can provide valuable financial assistance by sponsoring, supporting and promoting us to make our “Inaugural Business on the Red” cruise a successful one. This event will take place on September 20, 2007 departing by 7:00 pm at the Alexander Docks and returning by 10:00 pm. The Aboriginal Chamber of Commerce is a not-for-profit organization and is therefore tasked with generating sufficient income to cover its running costs. Commercial sponsorship will have a vital role to play ensuring that the Aboriginal Chamber of Commerce succeeds in promoting Aboriginal/Non-Aboriginal Businesses in Manitoba.

by NationTalk on August 10, 2007988 Views

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Fortune Minerals Completes Purchase Of Minority Interest In NICO Project

August 9, 2007
Issued Capital: 49,546,407
NEWS RELEASE

Fortune Minerals Limited (TSX-FT) (“Fortune”) is pleased to announce that it has completed the purchase of the 8.0% minority interest in the NICO cobalt-gold-bismuth deposit in the Northwest Territories that was held by Candou Industries Inc. (“Candou”) and the project is now owned 100% by Fortune (see Fortune news release of May 29, 2007). Candou’s interest in the NICO project was 9.2% as at March 30, 2007 but was reduced to 8.0% during the last quarter for non-participation in recent programs. As part of the same transaction, Fortune also transferred its interest in and receivable from Formosa Environmental Aggregates Ltd. (“Formosa”) to Candou. Formosa is an industrial mineral company developing a high calcium limestone quarry in Ontario.

by NationTalk on August 9, 20071282 Views

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Lotta Coal Acquires 25km of Seismic Data and Earns P&NG Rights to 10,700 Acres

CALGARY, AB–(August 9, 2007) – Lotta Coal, Inc. (PINKSHEETS: LCOL) (FRANKFURT: LC5) announced today that pursuant to its agreement with Swan River Energy, it has acquired in excess of 25km of 2D seismic data. “This acquisition fulfils the Company’s obligations under the agreement, pursuant to which it has earned petroleum and natural gas rights to approximately 10,700 acres of Swan River First Nation Reserve lands. It also provides a base for an initial interpretation of the geological formations present in the area,” said Company President Dr. Nicolas Matossian. “We look forward to receiving the preliminary report from our Geological and Geophysical team early next week.”

by NationTalk on August 9, 2007936 Views

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Xstrata Nickel: Raglan Expansion Study Commences-Exceptional Exploration Results

TORONTO, ONTARIO–(Aug. 7, 2007) – Xstrata Nickel announces it plans to increase mine production to over 2 million tonnes of ore per year at its wholly-owned flagship Raglan nickel mine in the Nunavik Territory of Northern Quebec, Canada. This would almost double mine output over the current annual production rate of 1.1 million tonnes of ore. Plans are already underway to increase production to 1.3 million tonnes per annum by the end of 2008; additional capacity to reach two million tonnes is expected to ramp up from 2011. After the expansion, Raglan will be one of the largest nickel mines in the world, with output approaching 50,000 tonnes of contained nickel in concentrate per annum, together with copper and platinum group metal (PGM) by-products.

by NationTalk on August 7, 2007976 Views

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Plutonic Power Exits Electricity Purchase Agreement with BC Hydro for Rainy River Project Due to Environmental Permitting Complexities

Vancouver, BC, August 3, 2007 – Plutonic Power Corporation (PCC – TSX) has advised BC Hydro of its intention to exit the electricity purchase agreement (EPA) for the 15 megawatt (MW) Rainy River run-of-river project, due to unexpected complexities in the environmental permitting process caused by the discovery of a number of fish species in the area. Complexities in permitting have decreased certainty around the timing for the project commercial operation date.

by NationTalk on August 5, 2007993 Views

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Ulnooweg Development Group and Indian and Northern Affairs Canada Announce Study into Feasibility of an Atlantic wide Aboriginal Financial Services Institution

Truro, NS.

Chief Terrance Paul, Chair of the Board of Ulnooweg Development Group and the Honourable Jim Prentice, Minister of Indian Affairs and Northern Development and Federal Interlocutor for Métis and Non-Status Indians recently announced $119,830 in funding for a Market Demand Study to examine the feasibility of establishing an Aboriginal Financial Services Institution in Atlantic Canada.

This initiative has been undertaken by the Atlantic Chiefs in recognition of the fact that the Aboriginal community needs its own financial institutions. It reflects a collective belief within First Nation communities that the time is right to take ownership of those instruments and institutions that are essential to their continued growth and development.

by NationTalk on August 3, 20071310 Views

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Terrane Metals Signs Option Agreement With Laurentian Goldfields on Maze Lake Gold Project, Nunavut

VANCOUVER, BRITISH COLUMBIA–(Aug. 2, 2007) –

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Robert Pease, President and CEO of Terrane Metals Corp. (“Terrane” or the “Company”) (TSX VENTURE:TRX), is pleased to announce that the Company has signed a option agreement with Laurentian Goldfields Ltd. (“Laurentian”), a Vancouver-based, private gold exploration company, on Terrane’s 100% owned Maze Lake Gold Project, located in Nunavut, Canada.

Terrane has granted Laurentian the right to earn up to a 75% interest in the Maze Lake Project by making $6,000,000 in exploration expenditures over four years and issuing 1,000,000 units of Laurentian to Terrane. Year-1 expenditures are set at a minimum of $1,000,000 and must be made on or before December 31st, 2007. The option agreement is subject to regulatory approval.

by NationTalk on August 3, 20071096 Views

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Diavik 2007 Second Quarter Update

– NEWS RELEASE –

(Yellowknife, NT – August 1, 2007) Diavik Diamond Mines Inc. (DDMI), the operator of the Diavik Diamond Mine is pleased to report on work during the second quarter of 2007. Ore production was predominantly from the A154South pipe, with lesser production from A154 North. As a result of high grade ore encountered in the A154 South pipe and excellent plant performance, approximately 3.312 million carats of diamonds were recovered compared to 2.720 million during the same period in 2006. Diamond production to mid-year was 5.876 million carats.

by NationTalk on August 2, 20071621 Views

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Terrane Metals Signs Option Agreement With Laurentian Goldfields on Maze Lake Gold Project, Nunavut

VANCOUVER, BRITISH COLUMBIA–(Aug. 2, 2007) –

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Robert Pease, President and CEO of Terrane Metals Corp. (“Terrane” or the “Company”) (TSX VENTURE:TRX), is pleased to announce that the Company has signed a option agreement with Laurentian Goldfields Ltd. (“Laurentian”), a Vancouver-based, private gold exploration company, on Terrane’s 100% owned Maze Lake Gold Project, located in Nunavut, Canada.

Terrane has granted Laurentian the right to earn up to a 75% interest in the Maze Lake Project by making $6,000,000 in exploration expenditures over four years and issuing 1,000,000 units of Laurentian to Terrane. Year-1 expenditures are set at a minimum of $1,000,000 and must be made on or before December 31st, 2007. The option agreement is subject to regulatory approval.

by NationTalk on August 2, 20071048 Views

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Final Report on Aboriginal Economic Development Symposium Released

News Release – August 1, 2007

The final report on the national symposium on Aboriginal economic development held in Saskatoon in January is now available.

Excellence in Action: Best Practices in First Nations, Métis, and Inuit Economic Development was jointly sponsored by the Government of Saskatchewan, the Federation of Saskatchewan Indian Nations (FSIN) and the Clarence Campeau Development Fund (CCDF). The final report contains suggestions for next steps that need to be taken by Aboriginal communities, governments and industry to encourage and support Aboriginal economic success.

by NationTalk on August 1, 20072588 Views

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Galore Creek Project Brings $2-Billion Investment

NEWS RELEASE
For Immediate Release
2007OTP0109-000976
July 31, 2007

Office of the Premier
Ministry of Energy, Mines and Petroleum Resources

VICTORIA – The Province’s resurging mining sector has reached a major milestone with the issuance of a Mines Act permit that will allow NovaGold and Teck Cominco to develop British Columbia’s first new metal mine in over a decade, Premier Gordon Campbell announced today.

“A large part of the success of this project was the way in which the corporate partners worked with, and received the support of the Tahltan leadership,” said Campbell. “From the outset, their relationship has been based on respect to foster a co-operative and mutually beneficial relationship. The success of this project is a perfect example of how industry and First Nations and government can work together to develop our mineral resources in a responsible, sustainable manner that will bring benefits to the entire region.”

by NationTalk on July 31, 2007975 Views

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Starfield Completes Commercial Lease on Ferguson Lake Property

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S./

TORONTO, July 30 – Starfield Resources Inc. (TSX: SRU / OTCBB: SRFDF) today announced a five-year commercial lease covering 2,740 hectares surrounding the Ferguson Lake mineral resource has been signed with the Kivalliq Inuit Association.

“The commercial lease with the Kivalliq Inuit Association is a big step toward completing our camp facilities, airport and additional drilling,” said André J. Douchane, President and CEO of Starfield. “Having the long-term support of the regional communities in which we do business provides stability to our operations, and is also an important mandate of Starfield’s mission.”

by NationTalk on July 31, 20071222 Views

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Cameco Reports Record Quarterly Revenue and Earnings

SASKATOON, SASKATCHEWAN–(July 30, 2007) – Cameco Corporation (TSX:CCO) (NYSE:CCJ) today reported record net earnings in the second quarter of 2007 due to higher realized prices and deliveries in the uranium business, offset somewhat by decreased electricity profits due to lower generation resulting from planned and unplanned outages.

“Cameco achieved the highest quarterly revenue and earnings ever recorded in the company’s history reflecting the company’s core strength in the uranium business,” said Jerry Grandey, Cameco’s president and CEO. “We will continue to build on this strong financial performance in the future.”

All numbers in this release are in Canadian dollars, unless otherwise stated. For a more detailed discussion of our financial results, see the management’s discussion and analysis (MD&A) following this news release.

by NationTalk on July 30, 20071092 Views

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Apex Resources Reports on Further Beaufort Sea Exploration with Major Exploration

SALT LAKE CITY, July 25 — Apex Resources Group Inc. (OTC Bulletin Board: APXR) reports on further Beaufort Sea exploration with major players Imperial and Exxon preparing to spend $585 million on gas and oil exploration.

The commitment is to explore for gas and oil in the offshore region of the Beaufort Sea over the next nine years. The Companies won exploration rights to a single parcel of 507,358 acres located approximately 88 miles from the Mackenzie Delta in the Northwest Territories.

ConocoPhillips obtained a license to explore 256,275 acres offshore and Chevron Canada picked up the rights to a third parcel.

These commitments coupled with the recent announcement that the Dene Tha First Nation received a $25 million land claim settlement with the Canadian Government is another positive step toward the approval for completion of the Mackenzie Valley Pipeline Project.

by NationTalk on July 29, 2007985 Views

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TransCanada Announces Second Quarter Results, Board Declares Dividend of $0.34 Per Common Share

CALGARY, ALBERTA–(July 27, 2007) – TransCanada Corporation (TSX:TRP) (NYSE:TRP):

Second Quarter Highlights

(All financial figures are unaudited and in Canadian dollars unless noted otherwise)

– Net income for second quarter 2007 of $257 million ($0.48 per share) compared to $244 million ($0.50 per share) in second quarter 2006

– Comparable earnings for second quarter 2007 of $241 million ($0.45 per share) compared to $198 million ($0.41 per share) for the same period in 2006, an increase of approximately 10 per cent on a per share basis

– Funds generated from operations for second quarter 2007 of $596 million compared to $539 million for the same period in 2006, an increase of approximately 11 per cent

– Dividend of $0.34 per common share declared by the Board of Directors

TransCanada Corporation (TransCanada) today announced net income for second quarter 2007 was $257 million ($0.48 per share) compared to $244 million ($0.50 per share) for second quarter 2006.

by NationTalk on July 27, 2007923 Views

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Diadem Announces Franklin Diamond Project 2007-2008 Drilling Program

TORONTO, ONTARIO–(July 26, 2007) – Diadem Resources Ltd. (TSX VENTURE:DRL) is pleased to announce that it has initiated an exploration program on its Franklin Diamond Project located on the Parry Peninsula approximately 30 kilometres northwest of the hamlet of Paulatuk within the Inuvialuit Settlement Region of the Northwest Territories.

The program will consist essentially of 5,000 metres of diamond drilling at a cost (including related ground gradiometer magnetic surveys and environmental impact studies) of up to $2.5 million to evaluate 10 known kimberlite pipes, some of which are known to be diamond-bearing, and 18 high priority ground magnetic anomalies with geophysical signatures and indicator-mineral geochemical anomalies similar to those recorded over known kimberlite pipes on the property. Prior to the commencement of the drill program, the detailed ground gradiometer magnetic surveys will be carried out by JVX Ltd of Richmond Hill, Ontario to assist in determining the optimum location to accurately test each of the proposed drill targets.

by NationTalk on July 27, 20071035 Views

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IBM and IFC Launch a Small Business Toolkit to Create Jobs and Fuel Growth in Underserved and Emerging Markets

WASHINGTON, DC–(July 26, 2007) – IBM (NYSE: IBM) and IFC, the private sector arm of the World Bank, launched a new version of a free small business toolkit specifically for small business owners in emerging markets as well as women, Black, Hispanic, Native American, and Asian entrepreneurs in the U.S., to receive highly developed business information, tools, and training services usually reserved for Fortune 1000 companies.

by NationTalk on July 27, 20071191 Views

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SUEZ Energy North America Affiliate to Acquire Ventus Energy of Canada

HOUSTON, July 26 — A SUEZ Energy North America affiliate has signed an agreement to acquire the Canadian wind power development company Ventus Energy Inc. The transaction will involve the purchase of 100 percent of the shares of Ventus for CDN$124 million in cash. This marks the first entry of SUEZ into the North American wind energy market.

Incorporated in 2003, Ventus’ portfolio includes 25 wind energy development projects in six provinces in eastern Canada, including Ontario, Quebec, Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador. The portfolio is believed to be one of the largest portfolios of potential wind energy projects in Canada.

by NationTalk on July 27, 20071231 Views

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ATCO Ltd. Reports Increased Second Quarter Earnings

For Immediate Release
July 26, 2007

CALGARY, Alberta – ATCO Ltd. (TSX: ACO.X, ACO.Y) reported earnings of $55.3 million ($0.95 per share) for the three months ended June 30, 2007, compared to earnings of $43.6 million ($0.73 per share) for the same three months of 2006. Earnings for the six months ended June 30, 2007 were $136.9 million ($2.35 per share) compared to earnings of $106.6 million ($1.78 per share) for the same six months in 2006.

by NationTalk on July 26, 20071019 Views

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Canadian Utilities Reports Increased Second Quarter Earnings

For Immediate Release
July 26, 2007

CALGARY, Alberta – Canadian Utilities Limited (TSX: CU, CU.X) reported earnings of $81.1 million ($0.65 per share) for the three months ended June 30, 2007, compared to earnings of $70.2 million ($0.56 per share) for the same three months of 2006. Earnings for the six months ended June 30, 2007, were $215.8 million ($1.72 per share) compared to earnings of $157.1 million ($1.24 per share) for the same six months in 2006.

by NationTalk on July 26, 2007911 Views

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High Revenues Continue At The Saskatchewan Gaming Corporation

News Release – July 25, 2007

The Saskatchewan Gaming Corporation (SGC), which operates Casinos Regina and Moose Jaw, continues to ensure a high level of sustainable profitability for Saskatchewan residents by posting a net income of $34.9 million over the 2006-2007 fiscal year.

“The Saskatchewan Gaming Corporation continues to play a vital role in the local and provincial economy,” Saskatchewan Gaming Corporation President and CEO Marty Klyne said. “This year was an exceptional one for us, introducing new games and services that continue to help us deliver on our brand promise, ‘Always Entertaining’.”

by NationTalk on July 26, 2007960 Views

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BDC’s Support of Canadian SME Growth Leads to a Solid Year

Montral, Qubec, July 19, 2007 BDC made public its annual report yesterday which contains its financial statements for the year ended March 31, 2007. The results revealed a growth of $571 million or 6.6% in its net loan and investment portfolio in Canadian SMEs to reach a total portfolio of $9.3 billion which enabled BDC to generate a net income of $138 million during the year. Based on these results, dividends totalling $21.5 million were declared to BDC’s shareholder, the Government of Canada. Since 1997, BDC has declared $140.2 million in dividends.

by NationTalk on July 23, 20071265 Views

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Copper/Gold/Palladium Acquisition

TSX-V: SGZ

VANCOUVER, July 19 – Sego Resources Inc. announces that subject to regulatory approval, the Company has acquired a porphyry copper/gold/palladium property, the Miner Mountain project, optioned from the Messers Hopper, Brandys, and Omega Exploration Services. The property lies immediately NNE of Princeton, BC in the prolific porphyry copper camp that runs from Copper Mountain (approximately 50 years of open pit production) along the Allison Fault to Aspen Grove, BC. The project is approximately 15 km northeast of the former producing Copper Mountain Mine and is within the Traditional Territory of the Upper Similkameen Indian Band.

by NationTalk on July 23, 20071217 Views

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GNWT Extremely Pleased with Exploration Bid

YELLOWKNIFE (JULY 19, 2007) – Todays overwhelming interest in exploration parcels in the Beaufort Sea is a strong signal by leading industry representatives of continued interest in the Northwest Territories (NWT) and its petroleum resource potential said Minister of Industry Tourism and Investment Brendan Bell.

by NationTalk on July 23, 20071265 Views

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Aboriginal Entrepreneurs in Labrador to Benefit from Federal Contribution to Ulnooweg Development Group

HAPPY VALLEY-GOOSE BAY, NL, July 18 – Aboriginal entrepreneurs in Labrador can now access Indian and Northern Affairs Canada’s (INAC) Aboriginal Business Canada (ABC) program through a new delivery arrangement with Ulnooweg Development Group.

by NationTalk on July 18, 20071076 Views

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Kaminak Options SY Gold Property to Corsa Capital Ltd. and Signs Exploration Agreement with Nunavut Tunngavik Incorporated

VANCOUVER, BRITISH COLUMBIA–(July 18, 2007) – Kaminak Gold Corporation (TSX VENTURE:KAM) today announced that the Company has signed an option agreement with Corsa Capital Ltd. on Kaminak’s “SY” Gold Property located in the Kivalliq District of Nunavut, Canada.

“The SY property represents our third option agreement in less than five months,” stated Rob Carpenter, President and CEO of Kaminak. “A successful prospect generator must be able to establish credible partnerships in order to advance properties to the discovery stage.”

by NationTalk on July 18, 2007995 Views

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Plutonic Breaks Ground on $660 million East Toba/Montrose Green Energy Project

Tue Jul 17, 2007
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Vancouver, BC – July 17, 2007 – Plutonic Power Corporation (PCC-TSX), has authorized its contractor, Peter Kiewit Sons Co. under a limited notice to proceed, to begin construction of 60 kilometres of access roads and 11 bridges and related infrastructure in the Toba Valley, in preparation for ground breaking on the generation facilities for the $660 million, 196 megawatt East Toba/Montrose Creek run-of-river projects. The first barge successfully offloaded heavy equipment and materials at the head of Toba Inlet north of Powell River BC last week, after a twenty-hour trip across Howe Sound. More than 130 barge trips will be made during the three-year course of construction.

by NationTalk on July 18, 20071206 Views

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Local Leaders Endorse Development of Victory Nickel’s Minago Deposit in Manitoba

Initial round of First Nations, Metis & public meetings complete as bankable feasibility advances

TORONTO, ONTARIO–(July 16, 2007) – Victory Nickel Inc. (“Victory Nickel” or the “Company”)(TSX:NI)(www.victorynickel.ca) is working closely with local residents to develop its Minago nickel deposit efficiently and in a socially and environmentally sound manner, and is pleased to announce that it has received a universally positive response from communities of interest in the vicinity of the Minago Project on Manitoba’s Thompson Nickel Belt.

by NationTalk on July 17, 20071410 Views

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Canadian Royalties Inc.: Raglan South Nickel Project Changes Name to Nunavik Nickel Project and Formation of Project Development Team

MONTREAL, QUEBEC–(July 12, 2007) – Canadian Royalties Inc. (TSX:CZZ) announces the change of the name of its “Raglan South Nickel Project” to “Nunavik Nickel Project” , the appointment of Mr. Robert Menard, P.Eng. as Vice President Construction and Engineering, and the formation of a Project Engineering and Construction team , the mandate of which is to manage the detailed engineering and the development of the project.

by NationTalk on July 15, 20071519 Views

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New Acquisition of nearly $40 Million for Desgagnés

QUEBEC, July 12 – It is with great pleasure that Groupe Desgagnés announced today the acquisition of a new vessel, a Beluga F-240 series, by its subsidiary Transport Desgagnés Inc. She is a multipurpose, tweendeck, Lo-Lo cargo ship, with a deadweight of 12,744 mt, and able to carry heavy payloads. With a length of over 138 meters, the freight capacity of her holds is 16,000 m(3), while her total capacity is 20,000 m(3) including the main deck. The vessel is also equipped with two 120 mt cranes, which may be deployed to lift 240 mt in tandem. Built at the Jiangzhou shipyard in China, she is rated Ice Class 1A and is equipped with a 5,400 kW (7,344 BHP) engine, enabling her to achieve a steaming speed of 15.5 knots.

by NationTalk on July 15, 20071141 Views

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Ontario Strengthens Remote Aboriginal Communities

News Release
For Immediate Release
July 12, 2007

Business Centres Will Create Economic Opportunities

QUEEN’S PARK — The Ontario government is providing more than $1.4 million in grants toward the construction of business centres to promote prosperity in two remote First Nations, Minister of Aboriginal Affairs David Ramsay announced today.

by NationTalk on July 13, 2007984 Views

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PTI Group and Bear Dog Enterprises form Joint Venture

Attention: Business/Financial Editor, Energy Editor, Food/Beverage Editor

EDMONTON, ALBERTA–(Marketwire – July 11, 2007) – PTI Group, a North American leader in the provision of modular workforce accommodations and catering services announced today a joint venture agreement with Bear Dog Enterprises. Operating under the name Spectrum Catering Ltd., the joint venture will provide remote location catering services to operators undertaking mining, construction, and other development projects in the Tahltan Nation traditional territory.

by NationTalk on July 11, 20071568 Views

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CAMSC Supplier Certification Process and Application for Certification now Available on our Website

Supplier Certification

The Canadian Aboriginal and Minority Supplier Council (CAMSC) has standardized procedures to assure consistent and identical review and certification of Aboriginal and visible minority owned businesses.

The applicant may make inquiry and receive information and application forms from CAMSC. Applicant’s business must be physically located in Canada. An Application will only be ready for review by the Certification Committee when it is completed, properly signed with required verification documentation and accompanied by a non-refundable processing fee of $700.

by NationTalk on July 10, 20072774 Views

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Arapahoe Energy Corporation

Mon Jul 9, 2007
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CALGARY, ALBERTA – ARAPAHOE ENERGY CORPORATION (TSXV: “AAO”) and VANGOLD RESOURCES LTD. (TSXV: “VAN”) jointly announce that effective June 1, 2007 that they have jointly acquired all of the interest of C1 Energy Ltd. (55% working interest) in the C1 et al Sarcee 12-13-23-4W5M suspended potential Mississippian gas well and the surrounding 2,560 gross acres. The acquisition increases Arapahoe’s interest from 19.2% to 46.7% and Vangold’s interest from 6% to 33.5%. Arapahoe becomes the operator of the Sarcee 12-13 well and surrounding land.

by NationTalk on July 10, 20071442 Views

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Metalex Exploration Update

KELOWNA, BC, July 5 – Metalex Ventures Limited (MTX: TSX – Venture Exchange) is pleased to provide an exploration update on the Company’s projects.

T1 Project

At the Company’s 91.5% owned T1 project delineation drilling continues on the U2 kimberlite. In addition to the vertical discovery hole, inclined holes were undertaken from near the center of the kimberlite dipping at -55 degrees. Holes to the north, south and west are complete with the hole to the east currently underway. All inclined holes are being core drilled with a diameter of 5.61 cm. The following table provides a summary of the inclined delineation holes drilled to date.

To view full update, please visit here (pdf).

by NationTalk on July 6, 20071012 Views

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Miramar Mining Corporation 2006 Annual Summary

2006 ACCOMPLISHMENTS AND RESULTS

Permitting

On September 15, 2006, the Nunavut Impact Review Board issued a Project Certificate for the Doris North Gold Mine. This Project Certificate says that the Doris North Mine can be built as long as Miramar follows certain conditions. One of the main conditions is that we obtain all the needed licences and permits from Nunavut regulators, including a water licence. These applications are being done now.

by NationTalk on July 6, 20071165 Views

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Sego Resources Inc. – Three Zones Located For Trenching and Drilling

TSX-V: SGZ

VANCOUVER, July 4 – Sego Resources Inc. is pleased to announce that the 2007 Mapping Program at its Gold Hill Project 40 km north of Barriere, BC, in the Traditional Territory of the Simpcw First Nation, has located three target zones for trenching and drilling.

The Mapping Program, now completed, located 5-6 distinctive structural joint/shear/stringer sets and utilizing the mapping three target zones were located. A significant northerly striking gold bearing vein/shear/alteration zone occurs just north of the No. 2 vein and may intersect it. In this area an apparent widening of the number 2 vein is also present. An additional potential drill target is north along the mineralized north-south vein/shear, north of the number 2 vein. One of the larger geochemical anomalies appears to overlie a stock work zone which is a bulk tonnage target. Trenching and drilling is planned to follow up on these targets. Mapping was conducted and supervised by Sean Daly P. Geo.

by NationTalk on July 5, 2007872 Views

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National Aboriginal Economic Development Board to Play Strengthened Role in Advising Canada’s new Government

CALGARY, AB, July 4 – Today, the Honourable Jim Prentice, Minister of Indian Affairs and Northern Development and Federal Interlocutor for Métis and Non-Status Indians met for the first time with the National Aboriginal Economic Development Board (NAEDB) executive members to discuss how the board can play a stronger role in the Government of Canada’s new approach to Aboriginal economic development.

by NationTalk on July 5, 20071520 Views

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De Beers Releases its 2006 Snap Lake Socio-economic Report

YELLOWKNIFE, July 3 – De Beers Canada Inc. is pleased to release its 2006 Socio-Economic Annual Report for the Snap Lake Project. This is the second annual report to be released by the company during the construction phase of the Snap Lake Mine.

by NationTalk on July 3, 20071191 Views

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Atlantic Policy Congress – CANDO’s Economic Development Officers “Out Think” PhDs

Jul 02, 2007

At a recent training program in Oromocto, N.B. fifteen Aboriginal Economic Development Officers (EDOs) from all four Atlantic provinces were the first participants ever to successful complete a simulation exercise on improving the decision making process. The objective of the simulation is to learn how to work together to make the best balanced decision while improving a planning, problem solving and decision making process. This simulation was previously conducted at international conferences in San Francisco, USA and Helsinki, Finland among professional human resource experts, consultants and academics from around the world. Most of these people had their doctorates.

by NationTalk on July 3, 20071318 Views

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KWG to Become Debuts Diamonds

MONTREAL, CANADA–(June 28, 2007) – KWG Resources Inc. (TSX VENTURE:KWG) (the “Company”) announces that its shareholders approved a special resolution to change the Company’s name to Debuts Diamonds Inc./Debuts Diamants Inc. at the meeting of shareholders held in Montreal last week. Dr. Mousseau Tremblay was re-elected Chairman of the Company’s Board of Directors following the meeting at which Messrs. Michel Cote, Paul Einarson, Douglas Flett, Michael Harrington and Frank Smeenk were also re-elected as directors. Messrs. Harrington and Smeenk were re-appointed Vice-chairman and President, respectively. Luce Saint-Pierre was re-appointed as Secretary and Martin Nicoletti as CFO. A further release will advise on the name change effective date which will accompany the stock symbol’s change to DDI.

by NationTalk on June 29, 20071942 Views

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CICA Report on Financial Reporting by First Nations – AFOA holds Focus Groups

In January of last year the CICA began a research report to explore Financial Reporting by First Nations. The report is examining the changing environment for First Nations financial reporting; summary of present practices; users and the needs of users and other related issues (see JAM, Issue 2 Accounting Standards for First Nations and 2007 Conference Program). AFOA is supporting this initiative through various vehicles. Recently AFOA held a series of six focus groups in Quebec City, Edmonton, Moncton, Ottawa, Vancouver and Winnipeg to get input into the CICA’s report and provide members with information on the report. AFOA would like to thank all those who participated in the Focus Groups. A draft of the CICA Report will be released in August and posted on AFOA’s website. AFOA members will be asked to comment on the draft. The final report will be completed by mid 2008.

by NationTalk on June 28, 20071349 Views

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Ontario Supports First Nation Quarry Development Project – #950175

News Release
Ministry of Northern Development and Mines
June 27, 2007 – 147

Local Crushed Stone Could Be Produced For Highway Construction

SUDBURY – The McGuinty government is investing in the future economic prospects of the Magnetawan First Nation by investing in a project that could lead to the development of a local quarry operation, Northern Development and Mines Minister Rick Bartolucci announced today.

by NationTalk on June 27, 20071040 Views

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Call for Nomination – Economic Developer of the Year 2007

The Council for the Advancement of the Native Development Officers (CANDO) created the Economic Developer of the Year Awards to recognize two individuals or organizations/businesses for their hard work in the field of Aboriginal economic development throughout Canada.

Deadline: June 29, 2007.

Recognize! Celebrate! Honour!

Sharing our stories and celebrating our successes will ensure that economic development initiatives continue to grow.

Since 1995, the CANDO Economic Developer of the Year was created to recognize and promote recent or long-standing Aboriginal economic development initiatives throughout Canada.

Two outstanding examples of Aboriginal economic development will be awarded for their hard work this year. Delegates at the National Conference vote for two categories: Individual and Business/Community. There are two runner up categories selected to receive recognition awards.

by NationTalk on June 27, 20071070 Views

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