Constitutional Court in Costa Rica Orders Hearing to Review the Crucitas
Project
Trading Symbol: TSX-V: IG
The Vista will review technical and legal aspects of the Crucitas Gold mine project and will hear brief submissions from those who challenged the legality of the approval and permitting process carried out by IISA leading to the issue of a Change in Land Use Permit (the "Permit") from regional authorities in San Carlos,
IISA had received the Permit on
Tree clearing activities commenced on
In February of 2008 IISA had received approval from the Ministry of the Environment in
The Vista is in addition to a site inspection by two members of the SALA IV that was held on
The Vista is scheduled for one day; however, the notification contains a provision that additional time may be scheduled if required. A Vista is not a trial in the sense of the proceedings under common law but is a proceeding available to the SALA IV magistrates. The Company's Costa Rican counsel advises that the Vista is being used by the SALA IV to further review the case which has been supported by a significant amount of written material supplied by IISA over the last year to demonstrate the legality of the extensive environmental and technical approval and permitting process required by Costa Rican regulations and laws.
The Company's Costa Rican counsel have advised IISA that according to Costa Rican law, the SALA IV will make a decision within 30 days following the date of the Vista. While the Company can not predict the decision of the SALA IV, the Company has consistently maintained that all approvals and permits, including the Permit, were applied for and received in compliance with the relevant regulations and laws.
Caution Regarding Forward-Looking Information and Statements
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Certain statements in this press release address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. These factors include, among others, the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, the possibility that all necessary governmental and regulatory approvals will not be received, and the availability of a qualified workforce and third party contractors necessary for the development and operation of a mine. The Company undertakes no obligation to update these forward-looking information or statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking information or statements.
INFINITO GOLD LTD. John Morgan President "The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release."
For further information: For further information: INFINITO GOLD LTD., Suite 216, 102 - 8th Avenue S.W., Calgary, Alberta, T2P 1B3, Telephone: (403) 444-5191
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