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Canada Fluorspar Inc. (the "Company") is pleased to announce that the Government of Canada and the Government Newfoundland and Labrador has issued the Environmental Assessment guidelines for the project. These guidelines combine into one document the provincial requirements for an Environmental Preview Report ("EPR"), and the federal requirements for a Screening Level Environmental Assessment (SLEA).
Lindsay Gorrill, President and CEO of the Company commented that, "The timing and content of the guidelines released are in line with the company's expectations and should allow us to stay within our anticipated timeline to commence production."
Canada Fluorspar will work diligently in order to complete and submit the EA document prior to the end of October 2009.
For more information please see: www.canadafluorspar.com
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Cautionary Note Regarding Forward-Looking Information:
This news release may contain forward-looking statements which may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact, in particular comments relating to expectations relating to the timing and reopening of the Company's fluorspar mine, the development of the Company's assets and expansion of the Company's business plan; the timing for the Company's production of fluorspar; the quantity of fluorspar the Company is able to produce, the demand for fluorspar and the expectations regarding the Company's positioning for sales. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it cannot give any assurance that such expectations will prove to be correct.
Results of the Company, including its ability to reopen its mine and produce fluorspar and achieve the expected timelines and sales expectations, may be affected by a variety of variables and risks associated with the mining and mineral processing industry, such as, loss of market, competition, ability to access sufficient debt and equity capital from internal and external sources, ability to expand in the marketplace, exploration and development plans and results, anticipated capital expenditures and financing thereof, timing of applications and approvals as well as risks and variables associated in general with the Company's industry. As such the future plans and objectives of the Company are forward-looking statements that involve risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in such statements. The Company has, in part, relied on information provided to it by its potential customers, as well as reports and forecasts provided by third parties involved in the industry and by the Company's own assessment of the market for fluorspar in order to develop its forward-looking statements and there is no assurance that the assumptions, forecasts or information relied upon by the Company are correct, or will not be affected by events or circumstances beyond the control of the Company. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement. Unless otherwise required by applicable securities laws, the Company does not intend nor does it undertake any obligation to update or review any forward-looking statements to reflect subsequent information, events, results or circumstances or otherwise.
SOURCE: Canada Fluorspar Inc.
Lindsay Gorrill, President and CEO, Canada Fluorspar Inc., Tel: (208) 667-1278
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