ROAD TOWN, TORTOLA, British Virgin Islands, Sept. 29 /CNW/ - CIC Energy
Corp. ("CIC Energy" or the "Company") (TSX:ELC, BSE: CIC Energy) is pleased to
announce that, further to its August 14, 2008 news release, a National
Instrument 43-101 ("NI 43-101") technical report has been filed on SEDAR for
the Company's Mmamabula Coal Field in Botswana, Africa.
The technical report is entitled "CIC Energy Corp.: Mmamabula Energy
Complex, Southeastern Botswana, Project No. J912, National Instrument 43-101
Sixth Technical Report" and dated September 26, 2008.
CIC Energy's Sixth Technical Report includes the new mineral resource
estimate for the Border Block at the Mmamabula East licence area and the
updated mineral resource estimates for the Dovedale, Serorome and Mookane
Blocks at Mmamabula East. The previously reported mineral resource estimate
for CIC Energy's Mmamabula South licence area remains unchanged and has been
included in the Sixth Technical Report for completeness.
About CIC Energy Corp.
CIC Energy is a TSX/BSE-listed company engaged in the advancement of the
Mmamabula Energy Complex at its Mmamabula Coal Field in Botswana, Africa. This
planned Complex consists of the Mmamabula Energy Project, the
Coal-to-Hydrocarbons Project and the Export Coal Project. The Mmamabula Energy
Project is envisaged as a power station and integrated coal mine project. The
Coal-to-Hydrocarbons Project is intended to produce syngas from coal which can
be converted to a variety of downstream products, including fuels and
petrochemicals. The planned Export Coal Project is actively investigating ways
to export A grade thermal coal from the Mmamabula Coal Field.
CIC Energy has a treasury of approximately C$94 million.
For further information:
For further information: For additional information on CIC Energy and
Mmamabula, please visit CIC Energy's website at www.cicenergy.com or contact
Erica Belling, VP Investor Relations, Tau Capital Corp., Tel: (416) 361-9636
ext.243, Email: email@example.com