Tres-Or Resources Ltd.

Tres-Or Resources Ltd.

October 02, 2007 11:38 ET

Tres-Or and Timiskaming First Nation Sign 5-Year Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 2, 2007) - Tres-Or Resources Ltd. (the "Company") (TSX VENTURE:TRS) and the Timiskaming First Nation (the "TFN") are pleased to announce the signing of a five (5) year Memorandum of Understanding ("MOU"). The MOU is part of formal consultation process between the parties regarding the Company's mineral exploration activities within the TFN Reserve lands and the traditional territorial lands over which the TFN has asserted Aboriginal title on both the Ontario and Quebec side of the border.

The parties have entered into agreements since 2003 regarding Tres-Or's exploration activities to date. The purpose of this MOU is for the parties to renew their relationship consistent with the Haida, Taku River and Mikisew cases, whereby they agree to continue to work together on a cooperative basis in connection with TFN's interests and Tres-Or's further activities within the TFN lands.

The relationship is based upon the following fundamental principles; trust, good faith, mutual respect and mutual benefit. Tres-Or recognizes and respects the Aboriginal and Treaty rights of the TFN.

The MOU does not purport to grant, transfer, alienate or create interests in any land. Nor is it intended to waive or derogate from the Aboriginal and treaty rights of the TFN. The parties recognize that any transactions regarding the TFN lands should only occur in accordance with established procedures and that the right to explore and develop these lands requires consultation with the TFN, who are represented by the Chief and Council of the TFN.

Chief Conrad Polson stated, "We look forward in commencing meaningful consultations with many other exploration companies active within the TFN lands. The TFN will be using the relationship built with Tres-Or as an example to actively pursue formal consultations with the Crown and addressing the requirement to consult with companies active within the TFN lands."

"Tres-Or looks forward to continuing our working relationship with the TFN. The MOU is an agreement based on cooperation and education in the spirit of partnership," says Laura Lee Duffett.

Bryan Trottier, a Board Advisor and spokesperson for Tres-Or relayed his congratulations and stated, "We continue to involve the community and youths building a history together. Education, new discoveries, hard work and cooperation will provide a real benefit to the community as we progress toward sustainable resource development. Together, our mandate is to build a better future for the region." Bryan Trottier is a recipient of the National Aboriginal Achievement Award and continues to be involved in the continuing education of the First Nation young people.


Laura Lee Duffett, Director

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Contact Information

  • Tres-Or Resources Ltd.
    Laura Lee Duffett, P.Geo.
    (604) 541-8376
    Tres-Or Resources Ltd.
    Brian Biles
    Corporate Finance
    (604) 688-8700