FREDERICTON, March 2, 2017 /CNW/ - Northcliff Resources Ltd. ("Northcliff") (TSX: NCF) is pleased to announced that the Sisson Project Limited Partnership (the "Sisson Partnership") and Woodstock First Nation ("WFN") have signed a Cooperation Agreement (the "Agreement") regarding the Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada. The following is an excerpt from today's joint announcement:
"The Agreement provides Woodstock First Nation with various economic opportunities and financial benefits, helps facilitate regulatory approvals and provides a long-term framework for communication and cooperation between the parties.
"We are delighted to have concluded this Cooperation Agreement with Woodstock First Nation," said Chris Zahovskis, President and CEO of Northcliff. "It shows what can be done when companies and Aboriginal groups build relationships and work together."
"Our community has spoken." said Woodstock First Nation Chief Tim Paul. "We had a community referendum and given the strong environmental protection provisions and economic benefits in the Agreement, Woodstock First Nation members voted in its favour."
While the details of the Agreement are confidential, it addresses various matters including:
- Cooperative engagement with government on regulatory matters;
- Environmental protection provisions;
- Scholarships and capacity building opportunities for Woodstock First Nation members;
- Employment, training and contracting opportunities for Woodstock First Nation members during the construction and operation phases of the Sisson Project; and
- Financial benefits.
The Cooperation Agreement follows the successful negotiation and implementation of a Process Agreement signed by Northcliff and Woodstock First Nation in June 20131.
"Our relationship with Woodstock First Nation continues to grow and we are looking forward to working closely together towards the development of the Sisson Project," stated Northcliff President and CEO Christopher Zahovskis. "We also look forward to a positive outcome from the federal environmental assessment process, building on the positive environmental assessment decision in December 2015 from the New Brunswick government, to enable advancement of Northcliff's and our partner's plans to build and operate an environmentally sound and socially responsible project that will provide significant benefits in the Province of New Brunswick."
"Northcliff has shown itself to be a company we can work with," said Woodstock First Nation Chief Tim Paul. "This partnership can provide real opportunities and benefits for our community while still ensuring our values, Aboriginal and treaty rights and environmental concerns are respected."
About Northcliff Resources Ltd.
Northcliff, associated with Hunter Dickinson Inc. (HDI), is a mineral resource company focused on advancing the Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. The results of the Feasibility Study, completed in January 2013, confirmed that the Sisson Project is technically and economically feasible and can move on to the next stage of development.
The Sisson Environmental Impact Assessment Report (the "EIA Report") was submitted to both the federal Canadian Environmental Assessment Agency ("CEAA") and the New Brunswick Department of Environment and Local Government in July 2013. Provincial approval of the EIA Report was received on December 3, 2015. A federal decision from CEAA is pending.
Additional information on Northcliff is available on the website at www.northcliffresources.com. Investor services can be reached at (604) 684-6365 or within North America at 1-800-667-2114.
About Woodstock First Nation
The Woodstock First Nation members are the descendants of the Wolastoqiyik (Maliseet) people, who have occupied the lands and waters of what is now called New Brunswick since time immemorial. It is located approximately 9 km away from the town of Woodstock and 100km from the city of Fredericton. Additional information on Woodstock First Nation is available on the website at www.woodstockfirstnation.com.
About Todd Minerals Ltd.
Todd Minerals is a subsidiary of the family owned Todd Corporation, one of New Zealand's most successful companies, with a growing portfolio of mineral investments. Additional information on Todd Corporation and Todd Minerals is available on the website at www.toddcorporation.com.
About the Sisson Partnership
The Sisson Partnership is responsible for the development of the Sisson Project. The Sisson Partnership is owned by Northcliff and Todd Minerals. Additional information on the Sisson Partnership and Sisson Project is available on the website at www.sissonpartnership.com.
President and CEO
Northcliff Resources Ltd.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address permitting, exploration drilling, exploitation activities and events or developments that the Northcliff expects, are forward-looking statements. Although Northcliff believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Assumptions used by Northcliff to develop forward-looking statements include the following: the Sisson Project will obtain all required environmental and other permits for construction of the mine, the Sisson Project will achieve targeted production levels; study and development of the Sisson Project will continue to be positive; contracted parties provide goods and/or services on the agreed timeframes; equipment necessary for construction and development is available and does not incur unforeseen breakdowns; no material labour slowdowns or strikes are incurred; plant and equipment functions as specified; geological or financial parameters do not necessitate future mine plan changes; and no geological or technical problems occur. Factors that could cause actual results to differ materially from those in forward-looking statements include uncertainty of shareholder support, the need for judicial and regulatory approvals, fluctuations in market prices, exploitation and exploration successes, continuity of mineralization, potential environmental issues and liabilities associated with exploration, development and mining activities, uncertainties related to the ability to obtain necessary environmental, land use and other permits, approvals, licenses and title on a timely basis and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Northcliff, investors should review the Northcliff's continuous disclosure filings that are available at www.sedar.com.
SOURCE Northcliff Resources Ltd.
For further information: Greg Davidson, Community Relations Manager, 506-455-0530, [email protected]