Stock Symbol: WGF: TSX-V
SASKATOON, Sept. 18 /CNW/ - Wescan Goldfields Inc. (WGF: TSX-V) ("Wescan"
or the "Company") is pleased to announce it has received an additional 146
coal permit certificates from the Saskatchewan Ministry of Energy and
Resources. A total of 229 coal permits have now been issued to the Company to
date, comprising a total area of 161,777 hectares (1,618 square kilometres) in
the Hudson Bay region and include the area adjacent to the major coal
discovery by Goldsource Mines Inc.
A balance of 124 priority sequenced ("first in line") coal applications
listed in Letters of Comfort from Saskatchewan Energy and Resources, remain to
be issued for the Hudson Bay area (see Wescan news release dated May 27,
2008). A map of Wescan's Hudson Bay area permits and priority sequenced coal
applications is available on the company website at www.wescangoldfields.com.
Patrick Hannon, MASc, PEng, is Wescan's qualified person and is
experienced both in the exploration and evaluation of coal deposits in Canada.
To view map, please visit: http://files.newswire.ca/737/wescancoal.pdf
Wescan is a Canadian based corporation engaged in the acquisition,
exploration and development of mineral properties. Shares of Wescan trade on
the TSX Venture Exchange under the trading symbol "WGF".
"The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release."
Caution Regarding Forward-looking Information From time to time, Wescan
makes written or oral forward-looking statements within the meaning of certain
securities laws, including the "safe harbour" provisions of the Ontario
Securities Act. Wescan may make such statements in this MD&A, in other filings
with Canadian regulators, in reports to shareholders or in other
communications. These forward-looking statements include, among others,
statements with respect to Wescan's objectives for the ensuing year, our
medium and long-term goals, and strategies to achieve those objectives and
goals, as well as statements with respect to our beliefs, plans, objectives,
expectations, anticipations, estimates and intentions. The words "may,"
"could," "should," "would," "suspect," "outlook," "believe," "plan,"
"anticipate," "estimate," "expect," "intend," and words and expressions of
similar import are intended to identify forward-looking statements. In
particular, statements regarding Wescan's future operations, future
exploration and development activities or other development plans contain
All forward-looking statements and information are based on Wescan's
current beliefs as well as assumptions made by and information currently
available to Wescan concerning anticipated financial performance, business
prospects, strategies, regulatory developments, development plans,
exploration, development and mining activities and commitments. Although
management considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect.
By their very nature, forward-looking statements involve inherent risks
and uncertainties, both general and specific, and risks exist that
predictions, forecasts, projections and other forward-looking statements will
not be achieved. We caution readers not to place undue reliance on these
statements as a number of important factors could cause the actual results to
differ materially from the beliefs, plans, objectives, expectations,
anticipations, estimates and intentions expressed in such forward-looking
statements. These factors include, but are not limited to, developments in
world gold markets, risks relating to fluctuations in the Canadian dollar and
other currencies relative to the US dollar, changes in exploration,
development or mining plans due to exploration results and changing budget
priorities of Wescan or its joint venture partners; the effects of competition
in the markets in which Wescan operates; the impact of changes in the laws and
regulations regulating mining exploration and development; judicial or
regulatory judgments and legal proceedings; operational and infrastructure
risks and the additional risks described in Wescan's most recently filed
annual and interim MD&A and Wescan's anticipation of and success in managing
the foregoing risks.
Wescan cautions that the foregoing list of factors that may affect future
results is not exhaustive. When relying on our forward-looking statements to
make decisions with respect to Wescan, investors and others should carefully
consider the foregoing factors and other uncertainties and potential events.
Unless otherwise required by applicable securities laws, Wescan does not
undertake to update any written forward-looking statement that may be made
from time to time by Wescan or on our behalf.
For further information:
For further information: Darren Anderson, Investor Relations; or Kirsten
Marcia, Vice President of Exploration at (306) 664-2422.