Uragold Reaches a Major Threshold in its Permitting Process: Quebec's Agricultural Land Protection Commission Authorizes Mining Activities on the Beauce Placer Gold Project
Published : January 14, 2013
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Keywords :   Gold | Market |

MONTREAL, QUÉBEC--(Marketwire - Jan. 14, 2013) - Uragold Bay Resources Inc. ("Uragold") (News - Market indicators) is pleased to announce that the CTPAQ (Commission de Protection du Territoire Agricole du Québec), Quebec's Agricultural Land Protection Commission has issued a ruling granting Uragold a five year (renewable) authorization for mining activities on the Beauce Placer Gold project.

Uragold's Beauce Placer gold project is situated in a territory that is zoned agricultural, no permits for activities other than agricultural can be issued until the CTPAQ has rendered a decision. In its decision, the CPTAQ recognizes that the Beauce Placer Property, because of its past mining activities, has negligible agricultural value.

The MDDEP (Ministère du Développement durable de l'environnement et des parcs) made this requirement a pre-requisite condition to the issue of the Certificate of Authorization (Permit) required to start work on the Beauce Placer Gold project.

About the Beauce Placer Gold Project

The Beauce Placer Gold property is located in the municipality of Saint-Simon-les-Mines in the Beauce region of southern Quebec. The project is in its final permitting stage for a 20 years mining lease for a placer gold mining operation.

About Uragold Bay Resources Inc.

Uragold Bay Resources is a junior exploration company trading on the TSX Venture under the symbol UBR. Uragold holds gold properties in Southern Quebec's Appalachian belt. Uragold's business model focuses on developing small scale low-cost mining operations for their cash flow generating potential while simultaneously exploring core properties that hold the potential for the discovery of blue sky gold deposits like the MacDonald project.

Shares outstanding: 45,334,327

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Bernard J. Tourillon
Chairman and CEO
(514) 846-3271
or
Patrick Levasseur
President and COO
(514) 846-3271
www.uragold.com

Uragold Bay Resources

EXPLORATION STAGE
CODE : UBR.V
ISIN : CA91689A2039
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Uragold Bay Res is a gold exploration company based in Canada.

Uragold Bay Res holds various exploration projects in Canada.

Its main exploration properties are USKAWANIS, CAVELIER JV, DIMBROKO (PR 141) and FENTON - CENTRE in Canada.

Uragold Bay Res is listed in Canada. Its market capitalisation is CA$ 31.2 millions as of today (US$ 23.7 millions, € 21.6 millions).

Its stock quote reached its lowest recent point on December 24, 2008 at CA$ 0.01, and its highest recent level on January 07, 2011 at CA$ 0.40.

Uragold Bay Res has 124 752 000 shares outstanding.

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Financings of Uragold Bay Resources
7/4/2013Closes Previously Announced Hard Cash Private Placement of $...
3/14/2013Closes the First Tranche of Private Placement
11/7/2012Extends and Re-Prices Share Purchase Warrants
Project news of Uragold Bay Resources
11/13/2012(Beauce Placer)Completes a Critical Threshold With the Closing of the Acqui...
6/21/2011(Beauce Placer)Drill Program Returned Significant Visible Gold Grains From ...
3/14/2011(Beauce Placer)Drill Program on the Beauce Placer Property Confirms the Pre...
Corporate news of Uragold Bay Resources
9/10/2013Recovers Pristine Gold/Silver Grains & Gold Nuggets From Bar...
5/23/2013Tomography Results Strengthens Uragold's Model of a Local Ha...
4/25/2013Corporate Update on the Development of the First New Placer ...
3/11/2013(Beauce Placer)Extends Holdings Over the Historical Beauce Placer Gold Chan...
2/7/2013Receives Environmental Permits to Start Trial Mining : A Mil...
1/14/2013Reaches a Major Threshold in its Permitting Process: Quebec'...
5/12/2011Starts Sampling the McDonald and Moe River Gold Properties
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