TORONTO, ONTARIO--(Marketwire
- April 14, 2009) - High River Gold Mines Ltd. ("High River"
or the "Company") (TSX:HRG) is providing its first bi-weekly
Default Status Report in accordance with National Policy 12-203 - Cease
Trade Orders for Continuous Disclosure Defaults ("NP
12-203"). On March 31, 2009, High River announced that its audited
financial statements, management's discussion and analysis, annual
information form and related CEO and CFO certifications for the year
ended December 31, 2008 (the "Annual Filings") would be filed
late due to concerns regarding production numbers received by the
Company from its 99% owned subsidiary, Berezitovy
Rudnik LLC ("Berezitovy").
Berezitovy owns 100% of the Berezitovy Mine in the Amur Region, Russia. A
management cease trade order in respect of securities of the Company
was issued by the Ontario Securities Commission on April 3, 2009.
High River reports that since announcing the original Notice of Default
on March 31, 2009, there have not been any material changes to the
information contained therein, nor any failure
by High River to fulfill its intentions as
stated therein, and there are no additional defaults or anticipated
defaults subsequent to such announcement. Furthermore, there have been
no additional material changes in respect of High River and its affairs
that have not been generally disclosed.
High River continues to anticipate that the Annual Filings will be
filed prior to May 31, 2009 and will continue to provide bi-weekly
updates, as contemplated by NP 12-203, until the Annual Filings have
been filed.
About High River
High River is a gold company with interests in producing mines, mines
under development, and advanced exploration projects in Burkina Faso
and Russia.
FORWARD LOOKING STATEMENTS
This release and subsequent oral statements made by and on behalf of
the Company may contain forward-looking statements. Wherever possible,
words such as "intends", "expects",
"scheduled", "estimates", "anticipates",
"believes", and similar expressions or statements that
certain actions, events or results "may", "could",
"would", "might" or "will" be taken,
occur or be achieved, have been used to identify these forward-looking
statements. Although the forward-looking statements contained in this
release reflect management's current beliefs based upon information
currently available to management and based upon what management
believes to be reasonable assumptions, High River cannot be certain
that actual results will be consistent with these forward-looking statements.
A number of factors could cause events and achievements to differ
materially from the results expressed or implied in the forward-looking
statements. These factors should be considered carefully and
prospective investors should not place undue reliance on the
forward-looking statements. Forward-looking statements necessarily
involve significant known and unknown risks, assumptions and
uncertainties that may cause High River's actual results, event,
prospects and opportunities to differ materially from those expressed
or implied by such forward-looking statements. Although High River has
attempted to identify important risks and factors that could cause
actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors and
risks that cause actions, events or results not to be anticipated,
estimated or intended. There can be no assurance that the
forward-looking statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, prospective investors should not place
undue reliance on forward-looking statements. Any forward-looking
statements are made as of the date of this release, and High River assumes
no obligation to update or revise them to reflect new events or
circumstances, unless otherwise required by law.
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