VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/16/13 -- Pacific Wildcat Resources Corp. (TSX VENTURE: PAW) ("PAW" or the "Company") is pleased to announce that Cortec Mining Kenya Limited ("CMK"), owner of the Mrima Hill Niobium and Rare Earth Project in Kenya (PAW indirect 70% ownership) has received approval from the National Environment Management Authority ("NEMA") in Kenya for the Environmental Impact Assessment (EIA) Study Reports for the Mining and Processing of Niobium and Associated Rare Earths at Mrima Hill.
Key Conditions of the Approvals include;
-- Licences are valid for 24 months from the date of issue, within which the projects should have commenced;-- CMK shall ensure strict adherence to the provisions of Environmental Management and Coordination (noise and excessive vibrations pollution control) Regulations of 2009;-- CMK shall ensure that the development adheres to zoning specifications issued for development of such a project within the jurisdiction of County Council of Kwale with emphasis on approved land use for the area;-- CMK shall ensure that waste water is disposed as set out in the Environmental Management and Coordination (Water Quality) Regulations of 2006 and also develop a sustainable water management system plan in collaboration with Water Resources Management Authority to ensure minimum impact to existing water systems especially the overstretching or depleting of the aquifers;-- CMK shall comply with the relevant principal laws, by-laws and guidelines issued for development of such projects within the jurisdiction of Kenya Forest Service, National Museum of Kenya, Ministry of Mining, Energy Regulatory Commission, Country Government of Kwale, Kaya Elders, Ministry of Health, Water Resources Management Authority, Directorate of Health and Safety Services, National Lands Commission, Radiation Protection Board and Ministry of Lands, Housing and Urban Development;-- For the area to be disturbed by mining CMK shall engage Kenya Forest Service, National Museums of Kenya and Kenya Forest Research Institute to carry out forest assessment and valuation of the trees, biodiversity and archaeological finds before implementation of the Project;-- CMK shall apply to Kenya Forest Service for concession of the 4.2 square kilometre site earmarked for mining and access roads according to the provisions of section 40 of the Forest Act 2005;-- CMK shall ensure that mining activities are undertaken during the day between 0800 and 1700 hours;-- CMK shall ensure that radionuclides are immobilized within the processing plant to reduce radioactivity to natural levels within the local area.
PAW President and CEO, Mr. Darren Townsend, commented, "We are very pleased CMK has received this key approval for the Mrima Hill Project. This combined with the 21 year Special Mining License issued in March this year allows the Company to progress forward with the Project and the focus is now on advancing further Metallurgical studies. PAW wishes to thank all the Ministries and Departments in the Kenyan Government and Civil Service who have worked tirelessly to progress the approvals, and specifically, the Department of Mines and Geology, NEMA, Kenya Forest Services, Land Affairs, Kenya Investment Authority, Kwale County Government, Members of Parliament, CMK staff/consultants and the communities of Mrima Hill and surrounding areas."
ON BEHALF OF THE BOARD OF DIRECTORS OF PACIFIC WILDCAT RESOURCES CORP.
Darren Townsend, President & CEO
About Pacific Wildcat Resources Corp. - Pacific Wildcat is a TSX Venture Exchange listed Canadian mineral exploration company having the trading symbol "PAW". PAW owns 100% of Stirling Capital Ltd and Cortec Pty Ltd, two UK companies that between them own a 70% interest in Cortec Mining Kenya Limited, a Kenyan company which has the mining rights to the Mrima Hill Niobium and Rare Earth Project in Kenya. This is an ex Anglo American and Pechiney property the subject of extensive historic work. In July 2011 the Company completed an initial NI 43-101 compliant inferred niobium resource estimate of 105.3 million tonnes at 0.65% Nb2O5 for a total of 1.519 billion pounds contained Nb2O5 to a depth of 30 metres from the surface. For information about Pacific Wildcat Resources Corp. and its development and exploration activities shareholders and other interested parties are invited to visit the company's website at www.pacificwildcat.com.
Investors are cautioned that trading in the securities of Pacific Wildcat Resources Corp. should be considered highly speculative. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary note: This press release contains forward looking statements, particularly those regarding cash flow, capital expenditures, the completion of certain financings, work programs, the estimation of mineral resources and the Company's plans with respect to the exploration and development of its projects and its investment plans. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. In particular, there can be no assurance that the Private Placement will complete. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. There can be no assurance that the Company will be able to obtain a mining licence or any of the permits that are required in order to commence mining operations at the Mrima Hill Project.
Pacific Wildcat Resources Corp.
Company Secretary/Chief Financial Officer