Canadian Malartic Project - Major contract for Fournier Industries

    THETFORD MINES, QC, May 16 /CNW Telbec/ - The Vice-President and Chief
Executive Officer of Fournier Industries inc. of Thetford Mines, Mr. Harold
Roy, is proud to announce that the company recently picked up a 16 million
dollar contract to manufacture equipment for the Mining Corporation Osisko to
develop the property of Canadian Malartic, consisting of an open-air gold mine
situated in the heart of the gold-bearing Abitibi region, just south of the
municipality of Malartic Quebec.
    "This first contract with Osisko is a major project for our company.
Estimated at about $16M, this contract will allow us to maintain more than 65
full-time jobs in the company, and thus for a period of one year", according
to the vice-president and chief executive officer of Fournier Industries inc.
    Since last October, Fournier Industries inc. has been working on the
development of the project with the management of Osisko. The company
specialized mainly in the mining and heavy industrial sectors will see to
supply Osisko with its needs of mining equipment. Mr. Roy is moreover anxious
to collaborate with the Vice-President of Engineering and Construction at
Osisko, Mr. Luc Lessard. Born and raised in the region, he knows very well the
realizations and the expertise of Fournier Industries inc. in the mining
    "We are very happy to collaborate with Fournier Industries inc. for the
realization of the Canadian Malartic project. Having expertise and experience
with the subject, the Fournier Group will know how to answer adequately the
requirements asked by the project", according to Luc Lessard. The
Vice-President Finance and Chief Financial Officer, Mr. Bryan A. Coates, adds:
"that he is delighted that a project such as the Canadian Malartic will create
effects everywhere in Quebec and also create jobs in the regions".

    About Osisko Mining Corporation

    Osisko Mining Corporation is currently developing the Canadian Malartic
gold deposit and evaluating adjacent areas for a large-scale open pit,
bulk-tonnage mining operation. The company is well-funded.
    Founded in 1960, "Fournier Industries Inc." specializes in the design,
manufacture, repair, reconditioning, and installation of a wide variety of
mechanical products and equipment designed to meet the requirements of our
customers. The company builds and markets rotary presses intended for the
dehydration of waste water for municipalities and certain industrial
processes. Their new affiliated company, Tecosol, offers complete services in
the field of environmental rehabilitation, including the decontamination of
grounds and subterranean waters.

For further information:

For further information: Harold Roy, Vice-President and Chief Executive
Officer of Fournier Industries inc., (418) 423-4241

Organization Profile

Société de développement économique de la région de Thetford (CLD)

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