Spanish Mountain Gold and Williams Lake Indian Band
Announce Signing of Protocol Agreement for Spanish Mountain Project
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Spanish Mountain Gold Ltd. ("SMG") (SPA-TSXV) is pleased to
announce the signing of a Protocol Agreement (the "Agreement") with
Williams Lake Indian Band ("WLIB"). The Agreement addresses issues in
relation to the development of SMG's Spanish Mountain gold project located near
Likely, British Columbia. The announcement follows a WLIB community meeting
held on March 14, 2011, during which members of the WLIB were given the
opportunity to discuss the project, ask questions and address representatives
of SMG.
Under the Agreement, SMG recognizes and respects WLIB's asserted aboriginal
rights and title in the area of the Spanish Mountain gold project and the WLIB
recognizes and respects SMG's rights and interests in the exploration and
development of the Project. The Agreement also reflects a commitment by both
SMG and WLIB for continued engagement in a respectful and collaborative manner.
The Agreement provides capacity support to WLIB for its ongoing involvement in
the Project as well as training, employment, and business opportunities.
Additionally, the Parties have committed to negotiate a more detailed agreement
regarding the impacts and benefits associated with the construction, operation
and reclamation of a large scale mine development.
WLIB's Chief Ann Louie states:
"We are pleased to
conclude this agreement, and by the show of support in our community. I think
it demonstrates that First Nations and private industry can work together
positively and co-operatively and seek to find mutually beneficial common
ground. Our community is as interested as everyone else in seeing our region
survive and thrive economically. We just need to make sure that we move forward
in a fashion that is environmentally sensible and respectful of our traditional
uses of the land.
Brian Groves, President and CEO of SMG echoes Chief Louie's remarks:
"We are very pleased to
have signed this agreement with the WLIB. Spanish Mountain Gold Ltd. places a
high priority on building and maintaining strong relations with those First
Nations in whose Traditional Territories we operate. This Agreement formalizes
our emerging relationship with the WLIB and provides a strong framework for
open communication, consultation and discussion at each stage of the ongoing
development of the Spanish Mountain Project."
The Company wishes to acknowledge the support of Catana Consulting, a Vancouver-based
consultancy specializing in First Nation engagement activities, whose
assistance was instrumental in the successful completion of this Protocol
Agreement.
About Spanish Mountain Gold
Spanish Mountain Gold Ltd is focused on the responsible development of its
flagship Spanish Mountain gold project in southern central British Columbia.
Canada. The Company has no debt and owns 100% of all four gold properties located in British Columbia. Additional information about
the Company and its project are available on its website: www.spanishmountaingold.com
On Behalf of the Board,
SPANISH MOUNTAIN GOLD LTD.
Brian Groves,
President and CEO
Contact:
Bill Gillies
(604) 601-3651
or
B&D Capital Partners
(604) 685-6465
info@spanishmountaingold.com
www.spanishmountaingold.com
This News
Release contains forward-looking statements. Forward looking statements are
statements which relate to future events. In some cases, you can identify
forward-looking statements by terminology such as "may",
"should", "expects", "plans",
"anticipates", believes", "estimates",
"predicts", "potential", or "continue" or the
negative of these terms or other comparable terminology. These statements are
only predictions and involve known and unknown risks, uncertainties and other
factors that may cause our actual results, level of activity, performance or
achievements to be materially different from any future results, levels of
activity, performance, or achievements expressed or implied by these
forward-looking-statements. Management has assumed that these will be our major
projects going forward. Risks include that we are unable to satisfy
environmental or other regulators, that we determine that our resources are not
commercially viable, or that we have difficulties due to unavailability of
labour or equipment.
While these forward-looking
statements, and any assumptions upon which they are based, are made in good
faith and reflect our current judgment regarding the direction of our business,
actual results will almost always vary, sometimes materially, from any estimates,
predictions, projections, assumptions or other future performance suggests
herein. Except as required by applicable law the Company does not intend to
update any forward-looking statements to conform these statements to actual
results.
Copyright �
2011 SPANISH MOUNTAIN GOLD LTD. (SPA) All rights
reserved. For more information visit our website at http://www.spanishmountaingold.com or send email to info@spanishmountaingold.com ..