Minfocus Exploration and Whitesand First Nation Sign MOU

Posted Posted by Minfocus in PGE Supply-Demand News
Apr
2

April 2, 2013 – Minfocus Exploration Corp. (TSX-V: MFX) (“Minfocus”) is pleased to announce that it has signed a Memorandum of Understanding (“MOU”) with Whitesand First Nation regarding exploration by Minfocus in the traditional territories of the Whitesand First Nation. The MOU develops the relationship between the two parties and terms of reference for exploration activities by Minfocus, as well as providing for both parties to cooperate in developing a more extensive Impact Benefits Agreement in the event that Minfocus’ exploration leads to more advanced exploration.

At a signing ceremony at the Whitesand First Nation Reserve, Elder Pineshi Gustin conducted a blessing before the signing of the MOU by Chief Alan Gustafson and members of Council. Following the signing, the Chief, Council, Band staff and Community Members along with Minfocus President and CEO, Gerald Harper and Community Relations Manager, Rebecca Darling, enjoyed a light meal together to celebrate the signing.

“Minfocus established respectful communication with Whitesand First Nation. The company listens to our side and we see this kind of communication continuing in the future,” said Whitesand First Nation Chief Alan Gustafson.

Gerald Harper, President and CEO of Minfocus added, “We have had a very positive relationship with Whitesand First Nation for more than two years. Signing this MOU is an important commitment from both the Band and our company to continue building on that foundation.”

Minfocus has three groups of mineral claims within the Whitesand traditional territory known as the Weese Luella, Sim lake and Witchwood River Properties, The Weese-Luella property has been subjected to several historic exploration programs including drilling which revealed copper and nickel mineralisation associated with rocks which could host platinum group elements. The other two properties were acquired due to their geologic similarity but have no records of prior work.

About Minfocus Exploration Corp.

Minfocus Exploration Corp. is a Canadian company currently focused on the continued growth of a portfolio of Platinum Group Element (“PGE”) rich resource assets through exploration, acquisitions and joint ventures in Northwest Ontario, Canada, which is one of the most stable mining districts in the world with global class PGE deposits. Minfocus has a distinguished management group with a record of multiple discoveries of deposits worldwide, and more than 15 years experience and success exploring for PGE-rich resources in Ontario, including the discovery of the first Platinum-rich PGE deposit, the Panoramic Resources’ Current Lake deposit (+700,000 oz Pt-Eq). The Minfocus management group also has extensive strength and success in corporate development, M&A and project development, which together with its technical prowess is aimed at delivering growth in shareholder value through a balanced strategic approach.

For further information please contact:

Gerald Harper
President & Chief Executive Officer
Phone: (416) 232-0025

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

This press release includes certain forward-looking statements concerning the future performance of the Company’s business and operations as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are often identifiable by the use of words such as “may”, “will”, “might”, “would”, “plan”, “believe”, “expect”, “anticipate”, “intend”, “estimate”, “scheduled”, “forecasts” and similar expressions or variations (including negative variations) of such words and phrases. Forward-looking statements are based on the current opinions and expectations of management, and are subject to a number of risks and uncertainties that may cause actual results, performance or achievements of the Company to be materially different from those currently anticipated by such statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, the possibility that future exploration results will not be consistent with the Company’s expectations, fluctuating commodity prices, delays in commencing the Company’s proposed drilling program, exploration costs varying significantly from estimates, the availability of financing, and other risks identified in the Company’s documents filed with the Canadian securities regulatory authorities at www.sedar.com. Any forward-looking statement speaks only of the date on which it is made, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.