VANCOUVER, Aug. 1 /CNW/ - Northgate Minerals Corporation (TSX: NGX; AMEX:
NXG) confirmed today that the Joint Federal-Provincial Environmental Review
Panel for the Kemess North project has indicated "that it's final report will
likely be completed and submitted to Ministers in September 2007. As soon as
the report is available, the Panel Secretariat will notify all parties of its
Ken Stowe, President and CEO, stated; "We are obviously very disappointed
that the recommendation report on the Kemess North project will be delayed yet
again. At the same time, given the lengthy review process and the extensive
amount of technical data, reports and public input, we understand the
challenge facing the Panel in preparing this report. The Panel has now
indicated that the report will not be submitted until September instead of
early August as originally planned."
Detailed information on the Kemess North environmental review process can
be found at
www.ceaa-acee.gc.ca/050/viewer_e.cfm?cear_id=3394 or on Northgate's
website at www.northgateminerals.com.
NORTHGATE MINERALS CORPORATION is a gold and copper mining company
focused on operations and opportunities in the Americas. The Corporation's
principal assets are the Kemess South mine in north-central British Columbia,
the adjacent Kemess North deposit, which contains a proven and probable
reserve of 4.1 million ounces of gold and the Young-Davidson property in
northern Ontario with a total resource base of 2.1 million ounces of gold.
Northgate is listed on the Toronto Stock Exchange under the symbol NGX and on
the American Stock Exchange under the symbol NXG.
This news release includes certain "forward-looking statements" within
the meaning of section 21E of the United States Securities Exchange Act of
1934, as amended. These forward-looking statements include estimates,
forecasts, and statements as to management's expectations with respect to,
among other things, future metal production and production costs, potential
mineralization and reserves, exploration results, progress in the development
of mineral properties, demand and market outlook for commodities and future
plans and objectives of Northgate Minerals Corporation (Northgate).
Forward-looking statements generally can be identified by the use of
forward-looking terminology such as "may," "will," "expect," "intend,"
"estimate," "anticipate," "believe," or "continue" or the negative thereof or
variations thereon or similar terminology. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that, while
considered reasonable by management are inherently subject to significant
business, economic and competitive uncertainties and contingencies. There can
be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results to differ
materially from Northgate's expectations are disclosed under the heading "Risk
and Uncertainties" in Northgate's 2006 Annual Report and under the heading
"Risk Factors" in Northgate's 2006 Annual Information Form (AIF) both of which
are filed with Canadian regulators on SEDAR (www.sedar.com) and with the
United States Securities and Exchange Commission (www.sec.gov). Northgate
expressly disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future
events or otherwise.
For further information:
For further information: Ms. Keren R. Yun, Manager, Investor Relations,
(416) 216-2781, email@example.com