bcMetals Corporation

bcMetals Corporation

March 09, 2005 10:07 ET

bcMetals: News Release


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BCMETALS CORPORATION

TSX VENTURE SYMBOL: C

MARCH 9, 2005 - 10:07 ET

bcMetals: News Release

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 9, 2005) - bcMetals
Corporation (TSX VENTURE:C) Company officials, mandated by securities
and governance regulations, were forced to confront the B.C. Minister of
Energy and Mines late yesterday regarding a print quotation in a
respected mining publication attributed to the Minister, and rumors
circulating at the Prospectors and Developers Convention in Toronto.
These, to the effect the Minister stated that the B.C. government has
decided it is not good economics to build the proposed BChydro power
line up Highway 37 into northwestern British Columbia "for just one
mine" (Red Chris).

Minister Richard Neufeld stated the information was incorrect and
absolutely unfounded as there is no decision taken by the government and
construction of the power line is still an active consideration.

Power into the northwestern sector of the Province will benefit the
Tahltan First Nations, Iskut First Nations, family homes and business,
an approved green power hydro project, and will aid the environment by
eliminating diesel power generators. The First Nations confirmed they
have not been made aware of, or advised by either the Minister or by
BChydro, that the line will not be built.

The Minister is well acquainted with the Red Chris copper-gold deposit.
He appreciates that local access to BChydro's competitive power rates is
vital for construction of the Company's $227 million, 30,000 tonne per
day, 25-year mining Project to proceed. The government knows, and has
clearly stated they want the hundreds of new high paying employment
opportunities for the First Nations, locals, and for the communities of
Prince Rupert, Terrace, Stewart and Smithers.

In view of our strong pro-mining Liberal government choosing Red Chris
to be the first ever "Fast Tracked" mining project in the Province, it
would be almost absurd for this same government to set the mining
industry back into NDP time by not approving construction. Shareholder
caution: a tough Provincial election is getting into full swing.

Carl Zuber, Chairman 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. bcMetals Corporation
assumes no obligation to update any forward-looking information
contained in this news release.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    bcMetals Corporation
    Carl Zuber
    Chairman and CEO
    (604) 683-0140
    (604) 683-0126 (FAX)
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this news release.