/NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER THE UNITED STATES
NEWSWIRE SERVICES./
VANCOUVER , April 1, 2014 /CNW/ - Discovery Harbour Resources Corp (51%
owner & Operator of the Wabassi Project, Northwestern Ontario ) ("DHR"
or the "Company") (DHR.V) is pleased that a framework agreement was
entered on March 26, 2014 , between the nine Matawa-member First Nations
and the Province of Ontario to move forward with a negotiation process
on a community-based regional approach to development in the Ring of
Fire mineral province. This will include development of an access
corridor which is planned to pass through the Wabassi Joint Venture's
claim group located between Eabametoong and Marten Falls settlements.
"We are encouraged that the initial step has been taken between the two
groups. We understand that numerous logistical and political challenges
lie ahead, but that the infrastructure development to serve the
northwestern Ontario First Nations communities and the Ring of Fire
will stand as a monumental benefit to all of Ontario , once completed,"
said Frank Hegner , President and CEO of the Company. "We believe that
perseverance and fairness in these negotiations with all concerned will
ultimately result in a very positive outcome."
Discovery Harbour and its joint venture partners, Northern Shield
Resources (NRN.V) and Great Lakes Resources, a private company,
completed their fall, 2013 exploration program in December 2013 .
To-date, the group has discovered two polymetallic VMS (volcanogenic
massive sulfide) systems and two shear zone-hosted gold systems with 32
exploration drill holes. Twenty-two untested priority massive sulfide
targets remain to be explored (see Discovery Harbour press release
dated October 11, 2013 ). www.sedar.com
Mr. Hegner comments further stating, "Importantly, the proposed route to
the Ring of Fire bisects the property and the group's claims block
contains approximately 11.8 kilometers of the proposed route. Although
DHR may have other options for the development of these and future
discoveries within Wabassi, the construction of the planned
infrastructure will benefit our assets there tremendously."
Michael J. Senn , a licensed professional geologist, is the Qualified
Person for Discovery Harbour Resources as described in National
Instrument 43-101 and is responsible for the technical contents of this
release.
ON BEHALF OF THE BOARD OF DISCOVERY HARBOUR RESOURCES CORP.
" Bruno Hegner "
Frank D. (Bruno) Hegner
President, CEO, Corporate Secretary and Director
Disclaimer for Forward-Looking Information
Except for statements of historical fact, this news release contains
certain "forward-looking information" within the meaning of applicable
securities law. Forward-looking information is frequently characterized
by words such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate" and other similar words, or statements that
certain events or conditions "may" occur. Forward-looking information
in this press release includes, but is not limited to, statements
regarding expectations of management regarding development in the Ring
of Fire, negotiations between the Province of Ontario and the Matawa
First Nations regarding development of the Ring of Fire, impact of the
framework agreement between the Province of Ontario and the Matawa
First Nations on the Company, its joint venture partners and their
Wabassi Project, and the proposed route and infrastructure in the Ring
of Fire. Although the Company believes that the expectations reflected
in the forward-looking information are reasonable, there can be no
assurance that such expectations will prove to be correct. Such
forward-looking statements are subject to risks and uncertainties that
may cause actual results, performance or developments to differ
materially from those contained in the statements including, without
limitation, the risks that the negotiations between the Province of
Ontario and the Matawa First Nations may not be competed as expected or
at all, that the framework may not have a positive impact on the
Company, its joint venture partners and their Wabassi Project, that the
infrastructure in the Ring of Fire may not be developed as proposed or
at all, that there may be other impediments to the development of
infrastructure in and the development of the Ring of Fire that are not
referenced in this news release or presently contemplated by the
Company, and such other factors beyond the control of the Company.
Except as required by law, the Company expressly disclaims any
obligation, and does not intend, to update any forward-looking
statements or forward-looking information in this news release.
Neither 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.
SOURCE Discovery Harbour Resources Corp.