Nisga'a Nation clarifies relationship with Nisga'a Knit & Apparel Corp. and Kootenay Knitting Company Ltd.



    NEW AIYANSH, BC, Nov. 21 /CNW/ - The Nisga'a Nation is issuing this press
release to clarify the nature of the partnership between Nisga'a Knit &
Apparel Corp. and Kootenay Knitting Company Ltd., announced on Friday,
November 16, 2007.
    The Nisga'a Nation's government structure is comprised of Nisga'a Lisims
Government, which acts on behalf of the Nisga'a Nation, four Village
Governments and three Urban Locals, representing the urban Nisga'a population
in Terrace, Prince Rupert and Vancouver, British Columbia. There is no entity
known as the "Nisga'a First Nation".
    Contrary to the impression left with the press on November 16, 2007, the
Nisga'a Nation has not purchased 29 percent of the shares of Kootenay Knitting
Company Ltd., rather, the Laxgalts'ap Village Government, one of the four
Nisga'a Village Governments, has purchased those shares indirectly through its
economic development corporation.
    The Nisga'a Nation is considering making a contribution to the
Laxgalts'ap Village Government in accordance with processes established under
the Nisga'a Economic Development Fund Act to assist the Village with this
investment.





For further information:

For further information: G. Les Clayton, Tel (250) 633-3000, Email:
lesc@nisgaa.net

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NISGA'A LISIMS GOVERNMENT

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