VANCOUVER, June 22 /CNW/ - PETRO HORIZON ENERGY CORP. ("the Company") (TSXV.PHE) (PRZCF.OTCBB) (PH0.FRANKFURT), is pleased to announce that Brazil Lake Lithium Rare Earth property (BLP) has been expanded by the acquisition of new Exploration Licenses from the Nova Scotia Registry of Mineral Titles, of 134 new 40 acre claims totaling 5,360 acres. The newly staked lands surround the existing exploration licenses at the BLP along the northeast trend of the presently known North Dike and South Dike pegmatites. These prospects and the new acreage define a district scale area in which additional spodumene-bearing pegmatites could occur.
Prospecting, mapping and geochemical sampling programs are being planned along the favorable northeast trend of the BLP, including on the newly staked lands, to locate further pegmatite sources.
On Behalf of the board of directors,
Ron Bourgeois, President
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Forward-looking statements relating to future events or future performance and reflecting Petro Horizon's management's expectations or beliefs regarding future events include, but are not limited to, statements with respect to completion of the private placement and related matters. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Petro Horizon to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in Petro Horizon's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although Petro Horizon has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.Accordingly, readers should not place undue reliance on forward looking statements.
SOURCE PETRO HORIZON ENERGY CORP.
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