Canico Resource Corp.

Canico Resource Corp.

August 11, 2005 17:50 ET

Canico Resource Corp.: Onca Puma Executive Summary

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 11, 2005) - Canico Resource Corp. (TSX:CNI) has today received the Executive Summary of a Feasibility Study for the development and operation of the Onca Puma Nickel Project in Para State, Brazil. This document summarizes the material information and conclusions of a full Feasibility Study which is being completed for Canico this month by Hatch Ltd. Canico announced the highlights from the Executive Summary in its news release dated August 4, 2005.

The full Executive Summary has been posted on the SEDAR website, and on Canico's website, Please note there are two filings on Sedar, one of which corrects some minor errors in the other.

Canico will hold a teleconference on Monday, August 15, 2005, at 11:00 am Pacific Daylight Savings Time, to discuss the Executive Summary. Those wishing to participate should refer to the following information:

Dial in numbers: 604-899-1159 (Vancouver)
403-232-6311 (Calgary or International)
780-424-5694 (Edmonton)
416-883-0139 (Toronto)
613-212-4230 (Ottawa)
514-395-2055 (Montreal)
1-888-458-1598 (For Out of Area - Canada & USA)

Replay numbers: 1-877-653-0545 (Canada or USA)
403-232-0933 (Calgary or International)
Enter the 6 digit conference number followed by
pressing the key

Passcode No.: 1180479#

Available until: Monday, August 22, 2005 (until midnight)


J. Michael Kenyon, President & CEO

The highlights, Executive Summary and Feasibility Study are intended to be used by Canico subject to the terms and conditions of its contract with Hatch. That contract permits Canico to file this news release and the Executive Summary, as well as a related Technical Report, with Canadian Securities Regulatory Authorities pursuant to provincial securities legislation. That contract also provides that any reliance by any third party shall be entirely at their own risk. However this does not affect statutory rights arising under provincial securities laws in connection with any distribution of securities under a prospectus.

Contact Information

  • Canico Resource Corp.
    J. Michael Kenyon
    President & CEO
    (604) 669-9446
    (604) 669-9447 (FAX)