Niblack Mineral Development Inc. Announces Security holder Approval for Arrangement with Heatherdale Resources Ltd.
January 11, 2012 � Edmonton, Alberta � Niblack Mineral Development Inc. (TSX-V: NIB) (�Niblack� or the �Company�) is pleased to announce that on January 11, 2012 its securityholders voted to approve the previously announced plan of arrangement (the �Arrangement�) under which Heatherdale Resources Ltd. (TSX-V: HTR) (�Heatherdale�) will, if the Arrangement is completed, acquire all of the common shares of Niblack in exchange for Heatherdale shares, on the basis of 0.50 Heatherdale share per Niblack common share. Additional details concerning the Arrangement can be found in Niblack�s management information circular that was mailed to shareholders on December 16, 2011.
About Niblack Mineral Development Inc.
Niblack Mineral Development Inc. (TSX-V: NIB) is an exploration and development company with a number of mineral rich assets in South East Alaska. The Company�s principal asset is its interest in the Niblack copper-gold-zinc-silver project for which a Preliminary Economic Assessment is currently underway. This project is currently in a joint venture operated by Heatherdale Resources Ltd.
For further details, please visit the company website at www.niblack.com or contact investor services at (604) 697-2861.
On behalf of the Board of Directors
John Williamson
President & CEO of Niblack
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.
This news release may contain forward - looking information including but not limited to comments regarding the timing and content of upcoming transactions. Forward - looking information includes disclosure regarding possible future events, or conditions or results of operations that is based on assumptions about future economic conditions and courses of action, and therefore, involves inherent risks and uncertainties. Although management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.
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