The following three press releases highlight how some Nishnawbe Aski Nation First Nations are working with forestry and mining companies to develop resources on their traditional lands. The extraction of these resources must be carefully and respectfully done with the First Nation leadership to protect the lands and the waterways for their future generations.
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First Nation and Forestry Company Find Success Where Least Expected
Introduction
Cochrane, Ontario March 28, 2008. A Multinational Forestry Company and First Nation prove that even the most trying times the forest industry has seen in decades isn't enough to get in the way of determined innovation and their propensity to find success where it is least expected.
Tembec Industries Inc. of Montreal Quebec and The Taykwa Tagamou First Nation of Cochrane, Ontario (TTN) have progressively chosen to use the trying times as motivation to succeed as opposed to justification for becoming defensive of each others interests. The two have combined each of their strengths to forge a ground breaking tenure (Timber Rights) sharing arrangement which not only helps each survive down turns in the economy like what we are living now, but provides each with increased long term viability as well.
Details
The arrangement sees Tembec take the bold move of sharing its timber licensing rights with TTN whenever there is a down turn in the economy which may be preventing their Mill(s) from utilizing the respective timber. This in turn allows TTN to market the timber at their discretion maintaining a $22 Million dollar per year business venture for the Taykwa Tagamou Nation, while also maintaining a $46 Million dollar per year local economy for the Town of Cochrane alone; much of which otherwise would have been negatively impacted or even shut down without the arrangement. Regionally (Cochrane, Timmins, Kapuskasing, Smooth Rock Falls and Iroquois Falls) the agreement can contribute $54 Million to the economy each and every year. As a result, this arrangement provides economic stability when the region needs it most - during current and future economic crisis's.
The agreement sees the First Nation receive unfettered access 300,000 cubic meters of timber to harvest each and every year. This in turn enables some 75 workers to perform the work regardless of the usual mill's capacity to take the timber or to run at all. Tembec maintains the first right to purchase the timber in the arrangement effectively ensuring that the local milling facilities are the primary beneficiaries. The whole arrangement will take place in the form of a timber license issued directly to TTN satisfying a long historical interest to take a more direct role in the management and guardianship of their resources.
The unique partnership established by the two parties in March of 2000 is the pioneering force behind them embracing each others interests in a forest composed of many competing interests. The partnership continues to pioneer new and exciting examples of how parties with different interests can work together to find new successes where success is least expected.
Quotes
Chief Dwight Sutherland states, "This agreement sees TTN take a large step toward reaching its goal of equality and justification relating to industrial natural resource development and tenure sharing. I'm excited to see the hard work of generations of TTN members pay off for our children and future generations to come, as we will no longer have to sit idly by and watch others benefit from our resources". Sutherland goes on to say, "We're excited to continue the hard efforts of our forefathers in working with our neighbours to build a mutually beneficial and collaborative relationship for all generations of all people to enjoy".
TTN's negotiator Peter Politis of For Evergreen Innovative Strategies Inc. states, "while Towns in Northern Ontario are being decimated and forced into economic ruin, Tembec and TTN have completely gone against the trend and forged a truly unique good news story. As a result of this inventive effort, the towns in this region are realizing an economic shot in the arm, at a time when most others are suffering a much worse set of circumstances". Politis goes on to say "It just goes to show that when two partners show the will to be innovative and get past historical differences, while concentrating on finding successes where they are least expected, there is no mountain too large to climb, no matter how different their general interests may be".
About The Taykwa Tagamou Nation
The Taykwa Tagamou Nation has a reserve located 14 km west of the Abitibi Canyon Hydro Generation Station between Cochrane and Moosonee. Due to the isolation of the reserve and lack of employment opportunities, the reserve was never occupied. In the early 1980's initiatives were taken by the TTN to find a new home for the Taykwa Tagamou Nation. In 1984, a new site was chosen and this has become the current location for Taykwa Tagamou. The community is located on a 177 hectare site in Bower Township, approximately 20 km west of Cochrane on Highway 574. Of the 335 members in the community, some 108 members live on reserve and while some 227 members live off reserve.
The Taykwa Tagamou Nation has aggressively pursued economic development since signing a pioneering relationship agreement with a large multinational forestry company in March of 2000. Currently, TTN owns a forestry company with an average annual sales of $16 million and a series of Hydro development companies pursuing hydro development opportunities estimated at over $5 billion.
About Tembec Inc.
Tembec is a large, diversified and integrated forest products company which stands as the global leader in sustainable forest management practices. With operations principally located in North America and in France, the Company employs approximately 8,000 people. Tembec's common shares are listed on the Toronto Stock Exchange under the symbol TBC. Additional information on Tembec is available on its website at www.tembec.com.
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MIRAMICHI, NEW BRUNSWICK--(March 27, 2008) - SLAM Exploration Ltd. (TSX VENTURE:SXL) ("SLAM") announces drilling has commenced on the Miminiska-Keezhik Gold Project. Approximately 5 holes are designed to target the Keezhik porphyry zone where SLAM made 2 new gold discoveries through drilling in 2004. The initial hole will step out 50m from discovery hole S0408 which returned 13.71 g/t (0.40 oz/t) gold over 0.5m. The zone is open eastward and westward and is associated with a 500m long humus anomaly.
SLAM holds an option to earn 70% interest in the Miminiska-Keezhik gold property located east of the former gold mining town of Pickle Lake in the Uchi Subprovince of Ontario. The earn-in requirements will be fulfilled upon completion of the drilling program. SLAM expects to complete drilling at the Reserve Creek and Opikeigen gold projects under the same 3,000m drilling contract. SLAM owns 100% interest in the Reserve Creek gold property and a 50% interest in the Opikeigen gold property. Bard Ventures Inc. has agreed to fund its 50% proportionate share of drilling at the jointly owned Opikeigen gold property which hosts the historic Fort Hope Gold Mine. Miminiska-Keezhik, Reserve Creek and Opikeigen combine for a strategic land package of known gold occurrences...
These gold properties all lie within the Traditional Territories of the Eabametoong First Nation ("EFN"). On 31 August 2007, SLAM and EFN signed a Memorandum of Understanding (MOU) and SLAM has resumed exploration activities on these properties.
The Company mobilized a rig and crew on 15 March 2008 to complete a drilling program at Miminiska-Keezhik, Reserve Creek and Opikeigen properties with a drilling budget of $1M. The drilling program complies with the MOU. Mike Taylor, CEO of SLAM states "We are proud of the MOU and pleased to be working with EFN to unlock the tremendous mineral potential of this area. This program will demonstrate this potential by drilling the Porphyry Zone at Keezhik, the Baroque Zone at Miminiska, the Williams Zone at Reserve Creek and the Fort Hope Gold Mine at Opikeigen where spectacular gold grades were found by previous workers."
Derek F. Brown P.Geo., SLAM's Exploration Manager, is the Qualified Person, as defined under National Instrument 43-101, responsible for the results reported in this news release.
SLAM Exploration Ltd. is a mineral resource company based in Miramichi, New Brunswick. It is involved in gold exploration in the Uchi sub-province of northwest Ontario as well as base metal exploration in New Brunswick including the world class Bathurst Mining Camp. Additional information about SLAM including updated information on our Ontario gold projects is available at www.slamexploration.com or from its SEDAR filings at www.sedar.com.
On behalf of the Board, Mike Taylor, P. Geo.
President & CEO
SLAM Exploration Ltd.
SEDAR: 00012459E
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to "U.S. Persons" as such term is defined by regulations under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information, please contact
Corporate Inquiries
Mike Taylor, President & CEO
506-627-1353
http://www.slamexploration.com
or
Investor Relations
Bob Smylie
Toll Free: 866-523-6719
Direct 604-224-4945
or
AGORACOM Investor Relations
http://www.agoracom.com/IR/slamexploration
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MATACHEWAN, ON, March 26 - Northgate Minerals Corporation (TSX: NGX, AMEX: NXG) and the Matachewan First Nation are pleased to announce that they have signed a Memorandum of Understanding ("MOU"), establishing a commitment by both parties to the development of Northgate's Young-Davidson project in Matachewan, Ontario. The MOU also provides the foundation for a cooperative and mutually beneficial relationship between the Matachewan First Nation and Northgate and outlines the basic framework for the negotiation of a long-term Impact and Benefit Agreement. The agreement will provide terms on employment, training, business opportunities and other benefits for the Matachewan First Nation.
Ken Stowe, President and CEO, commented, "Our major focus since acquiring Young-Davidson has been to build a cooperative relationship with the Matachewan First Nation. Signing the Memorandum of Understanding with our First Nation partners is an important step towards this relationship as we move forward with the development and operation of the mine."
Chief Elenore Hendrix of the Matachewan First Nation, commented, "The Matachewan First Nation is extremely pleased with the progress of our relationship with Northgate. The signing of this historic Memorandum of Understanding brings the promise of hope and prosperity long awaited by our community and its membership. I would like to express our sincere gratitude to the negotiating team including those individuals from Northgate who I believe have had the foresight and integrity to understand the issues of the Matachewan First Nation and to include those in this agreement. We look forward to finalizing an Impact and Benefit Agreement with Northgate, an agreement that we believe will build upon an already sound relationship between our community and the company."
NORTHGATE MINERALS CORPORATION is a mid-tier gold and copper producer with mining operations, development projects and exploration properties in Canada and Australia. The company is forecasting over 400,000 ounces of unhedged gold production in 2008 and is targeting growth through further acquisitions in stable mining jurisdictions around the world. Northgate is listed on the Toronto Stock Exchange under the symbol NGX and on the American Stock Exchange under the symbol NXG.
FORWARD-LOOKING STATEMENTS:
This news release contains certain "forward-looking statements" and "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," or "continue" or the negative thereof or variations thereon or similar terminology.
Forward-looking statements are necessarily based on a number of estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies. Certain of the statements made herein by Northgate Minerals Corporation ("Northgate") including those related to future financial and operating performance and those related to Northgate's future exploration and development activities, are forward-looking and subject to important risk factors and uncertainties, many of which are beyond the Corporation's ability to control or predict. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, among others: gold price volatility; fluctuations in foreign exchange rates and interest rates; impact of any hedging activities; discrepancies between actual and estimated production, between actual and estimated reserves and resources and between actual and estimated metallurgical recoveries; costs of production, capital expenditures, costs and timing of construction and the development of new deposits; and, success of exploration activities and permitting time lines. In addition, the factors described or referred to in the section entitled "Risk Factors" of Northgate's Annual Information Form (AIF) for the year ended December 31, 2006 or under the heading "Risks and Uncertainties" of Northgate's 2006 Annual Report, both of which are available on SEDAR at www.sedar.com, should be reviewed in conjunction with this document. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation does not undertake any obligation to update publicly or release any revisions to forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except in each case as required by law.
For further information: Ms. Keren R. Yun, Investor Relations, Tel: (416) 216-2781, Email: ngx@northgateminerals.com,. Website: www.northgateminerals.com