TORONTO, Feb. 17 /CNW/ - Access Energy Inc. (the "Company", "Access") is
pleased to announce that the Joint Venture Agreement and Impact Benefit
Agreement (the "Agreements") entered into with the La Loche Clearwater
Development Authority Inc. ("La Loche") on October 15, 2008 have been
overwhelmingly approved by the local La Loche aboriginals in a community vote
on February 14, 2009.
The Agreements provide land access rights to Access for purposes of
exploration of petroleum, natural gas and crude bitumen and any metals,
minerals or coal in the La Loche traditional lands. In exchange for granting
Access the exclusive 20-year right to enter upon the La Loche traditional
lands, Access has agreed to provide all financial and managerial resources to
facilitate development, to involve the local aboriginal community, to pay an
annual fee, and to provide royalties from production.
The Agreement covers approximately 3,000,000 hectares of La Loche
Traditional Lands in north western Saskatchewan, Canada, north and west of the
northern town of La Loche, Saskatchewan.
About Access Energy
Access Energy Inc. - a private Canadian company - is engaged in the
business of exploring for, developing and operating unconventional oil and gas
projects. Such projects may include oil produced from tar sands, also referred
to as oil sands, or bituminous sands, which are a combination of clay, sand,
water, and bitumen.
"Paul A. Parisotto"
President & CEO
For further information:
For further information: Paul A. Parisotto, President & CEO, (416)