TORONTO, ONTARIO--(Marketwired - Dec. 2, 2013) - Belo Sun Mining Corp. (TSX:BSX) (the "Company" or "Belo Sun") announces that the Environmental Council of Para State, Brazil (COEMA) has approved the Environmental Impact Assessment for Belo Sun's Volta Grande Project (see press release dated November 18, 2013). The approval of the Environmental Impact Assessment and receipt of the Preliminary License (LP) is a key milestone in the advancement of the project towards construction phase.
Mark Eaton, President and CEO of Belo Sun, commented "We are very pleased about the approval of the EIA for the Volta Grande Project by COEMA. This completes an extensive regulatory process and represents an important step in bringing the Volta Grande Project to production. We want to acknowledge the valuable input and support of the local communities as well as the Para authorities for their review and approval of our submission".
The approval of the EIA will allow Belo Sun to further advance the permitting process for the mine construction and other related authorizations from the Para State authorities.
Cautionary Statement on Forward Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, receipt of the approval of the EIA and its impact on the development potential and timing of the Volta Grande Project ; the timing and amount of estimated future exploration; costs of future activities; capital and operating expenditures; success of exploration activities; currency exchange rates; government regulation of mining operations; and environmental risks. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks inherent in the mining industry and risks described in the public disclosure of the Company which is available under the profile of the Company on SEDAR at www.sedar.com and on the Company's website at www.belosun.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.