SUDBURY, ON, March 25 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V)
(the "Company), is pleased to report that it has commenced formal
consultations with the Anishinaabe Nation in Treaty No. 3 regarding the
company's Kenbridge Nickel Project in Northwestern Ontario. Kenbridge is a
nickel-copper deposit located within Treaty No. 3 traditional territory, a
distance of approximately 60 km southeast from the city of Kenora.
As outlined in the November 5, 2007 news release "Canadian Arrow and
Treaty No. 3 discuss Kenbridge Nickel Project", the company has engaged local
First Nations early in the project's development and is seeking authorization
for the project through the Treaty No. 3 resource law known as Manito Aki
Inakonigaawin, or The Great Earth Law. Representatives from Canadian Arrow
Mines, Treaty No. 3 Grand Council and the four First Nations communities near
Kenbridge (Naotkamegwanning, Northwest Angle No. 33, Northwest Angle No. 37,
Onigaming) recently met in Kenora for further discussions on the project. It
was decided there that Treaty No. 3 would create a task force with
representation from the Grand Council and the four communities to participate
in the consultation process with Canadian Arrow Mines.
Kim Tyler, President of Canadian Arrow, comments; "We are very pleased to
advance discussions on the Kenbridge Nickel Project with Treaty No. 3 to the
consultation phase. Our work at Kenbridge will soon shift away from
exploration and into permitting and project design. Arrow believes the area
around the Kenbridge Nickel Project contains excellent exploration potential,
so building a strong relationship with Treaty No. 3 is a priority for us. We
look forward to future discussions with Treaty No.3 on project participation,
employment, business opportunities and education."
Canadian Arrow continues to advance the Kenbridge Nickel Project,
recently completing a Preliminary Economic Assessment and purchasing several
key long lead items. The company's plans for 2008 include consultations with
Treaty No. 3, completing a bankable feasibility study, beginning regional
exploration work and conducting an advanced exploration program later in the
About Canadian Arrow Mines, Ltd.
Canadian Arrow Mines, Ltd. is an established Canadian exploration and
development Company committed to developing and advancing base metal deposits
close to existing infrastructure through exploration, development and
acquisition. Shares of Canadian Arrow Mines trade on the TSX Venture Exchange
under the symbol "CRO".
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This news release may contain certain "Forward-Looking Statements" within
the meaning of Section 21E of the United States Securities Exchange Act of
1934, as amended. All statements, other than statements of historical fact,
included herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's expectations are
disclosed in the Company's documents filed from time to time with The TSX
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For further information:
For further information: visit the website at www.canadianarrowmines.ca,
or call toll free, 1-877-262-6354, or contact: Canadian Arrow Mines, Ltd., R.
Kim Tyler, P. Geo, President, Tel: (705) 673-8259, E-mail:
email@example.com; CHF Investor Relations, Barry Leung, Tel: (416)
868-1079 x247, E-mail: firstname.lastname@example.org or Sarah Gingerich, Tel: (416) 868-1079