bcMetals Corporation

bcMetals Corporation

May 12, 2006 13:21 ET

bcMetals Corporation: Red Chris CEAA Screening Completed

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 12, 2006) - bcMetals Corporation (TSX VENTURE:C) is pleased to report that Screening of the Red Chris Project as conducted under the Canadian Environmental Assessment Act ("CEAA") has been successfully completed by Fisheries and Oceans Canada and Natural Resources Canada, each acting as a Responsible Authority ("RA") under CEAA, which determined that "the project is not likely to cause significant adverse environmental effects". This determination clears the way for federal RAs to issue authorizations necessary under the Fisheries Act and the Explosives Act for construction and operation of the Red Chris project.

The British Columbia Environmental Assessment process was previously completed successfully and EA Certificate M05-02 issued on August 24, 2005, authorizing provincial regulatory authorities to issue permits and licences as applications are submitted.

All environmental assessment processes relating to the Red Chris Project have now been successfully completed.

The Company has initiated the permitting process and expects initial permits to support access road construction to be received in the near future. Permits, licences and approvals will continue to be acquired throughout the construction period as they are required to support construction activity and mining operations.

The Company has issued and filed its First Quarter 2006 unaudited financial statements and Management Discussion and Analysis on www.bcmetalscorp.com and www.sedar.com. A loss of $418,400, or $0.01 per share, was reported for the quarter, down from $508,948, or $0.02 per share, realized during First Quarter 2005.

Ian Smith, President and CEO

This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • bcMetals Corporation
    Ian Smith
    President and CEO
    (604) 683-0140
    (604) 683-0126 (FAX)