PDAC celebrates diamond anniversary at annual convention in Toronto March 4-7, 2007



    
    -   More than 15,000 participants from over 100 countries expected for
        Prospectors and Developers Association of Canada (PDAC) convention in
        Toronto
    -   Greenpeace founding member Dr. Patrick Moore to speak about
        environmental sustainability
    -   Minister of Human Resources and Social Development Monte Solberg to
        announce new funding to attract students into the mining industry
    -   Mayor David Miller declares March 4 to 11 Mineral Exploration and
        Mining Week in Toronto
    

    TORONTO, March 5 /CNW/ - The world's largest annual meeting of mineral
explorationists, geoscientists, investors, corporate and investment bankers,
financiers, analysts and government representatives will mark its diamond
anniversary during this week's convention in Toronto. The 2007 Prospectors and
Developers Association of Canada (PDAC) International Convention Trade Show
and Investors Exchange is being held at the North Building of the Metro
Toronto Convention Centre and will attract 15,000 participants - the largest
attendance ever in the event's 75-year history.
    The convention serves as a gathering place to share ideas, encouraging
the highest standards of technical, environmental, safety and social practices
in Canada and around the globe. Widely recognized as the premier event for the
mineral exploration industry, the conference draws participants from more than
100 countries, including Australia, Brazil, China, India, and South Africa, to
learn about the latest trends in business, new technologies and exploration
methods, investment issues, geology, international opportunities and
exploration successes.
    "We are thrilled to be able to celebrate our diamond anniversary in
Toronto," said Patricia Dillon, president of the PDAC. "Toronto has been the
long-standing home of the conference, and this year promises to be our most
successful yet. In addition to our regular series of technical programs and
exchanges, we have a number of special activities planned to help our members
mark this historic milestone."
    With its rich endowment of natural resources and mineral potential,
Canada is home to 60 per cent of the world's exploration and mining companies.
The mining industry's $42 billion contribution to the economy accounts for
approximately four per cent of Canada's GDP (Gross Domestic Product), more
than agriculture, forestry and fishing combined. In addition, the metals and
mining industry employs some 388,000 Canadians.
    However, Canadian levels of proven and probable reserves in key base and
precious metals have declined by 50-80 per cent over the past 25 years. As
such, mineral resource development may become one of the chief drivers of
economic growth in Canada over the next decade.
    "China, India and other emerging markets are transforming the global
economy. These rapidly industrializing countries need the mineral commodities
that Canada can supply," said Dillon. "In order to ensure that Canada can meet
these demands, the industry needs a prolonged period of robust exploration to
recover these reserves and economically benefit from skyrocketing global
demand."
    A study of human resources in the mineral industry released in 2005 found
that 50 per cent of mining industry workers are over 40 years of age. "The
PDAC is working to attract youth and workers from other industries to this
highly skilled and technical industry," said Dillon. "To that end, we
encourage students and other members of the public to visit the Trade Show and
Investors Exchange at the convention to talk to our members and view the
mineral samples we will have on display."
    With more than half the world's mining companies listed on the Toronto
Stock Exchange and its Venture Exchange, this year's Investors Exchange will
feature exploration and mining company exhibits and presentations with
430 exhibit booths. The Trade Show enables 280 companies and governments to
promote their supplies, services and jurisdictions to convention delegates.

    About the PDAC
    Established in 1932, the PDAC is a national not-for-profit organization
that supports the mineral exploration and development sector of the Canadian
mineral industry. The PDAC exists to protect and promote the interests of the
Canadian mineral exploration sector and to ensure a robust mining industry in
Canada. With 5,000 members, including 700 corporate members and a large
contingent of volunteers, the association encourages the highest standards of
technical, environmental, safety and social practices in Canada and
internationally.





For further information:

For further information: or to schedule an interview, please contact:
Saley Lawton, PDAC, (416) 585-3659, slawton@pdac.ca; Noella LeBlanc, Wilcox
Group (for PDAC), (416) 203-6666, nleblanc@wilcoxgroup.com

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Prospectors & Developers Association of Canada

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