Chieftain Metals Inc.

Chieftain Metals Inc.

November 07, 2011 13:43 ET

Chieftain Metals General Progress Report on Tulsequah Chief Project

TORONTO, ONTARIO--(Marketwire - Nov. 7, 2011) - Chieftain Metals Inc. ("Chieftain" or the "Company") (TSX:CFB) has been invited by the province of British Columbia to join the 6th Annual BC Investment Attraction Mission to China. The forum will attract up to as many as 300 Asian delegates and will serve as an opportunity to profile Chieftain Metals to Chinese investors and benefit from the support and co- ordination of knowledgeable international government staff. Victor Wyprysky, President and CEO, will attend the Canada Mineral Investment Forum in Beijing, China from November 8 – 12th, before presenting at the Canada Mineral Investment Forum in Hong Kong on November 14th. Chieftain's Asian tour will conclude in Tokyo, Japan where a series of meetings with potential strategic investors have been scheduled between November 15 – 18th.

The Interim Water Treatment Plant is being commissioned and is on target to be completed by month end. Delegates from Chieftain and the Taku River Tlingit First Nation will be on-site for this commemorative occasion which will involve a press conference following shortly afterwards. To learn more about the Interim Water Treatment Plant please click the link to view a short video on-line:

The first stage of site preparation of the Tulsequah Chief mine site has been completed, and the balance of work will be phased in as project financing advances. Victor Wyprysky, President and CEO, commented, "The team has made a tremendous effort at the mine site this fall season putting us ahead of our construction schedule. We will resume work in the spring with containment of PAG drainage and final site preparation for mine construction which will coincide nicely with our project financing phases."

About Chieftain Metals Inc:

Chieftain Metals' principal business is the acquisition, exploration and development of mineral properties. Since incorporation, the company's business has focused entirely on the acquisition, and thereafter the development, of the Tulsequah Chief Polymetallic Project, in north-western British Columbia, Canada. The Tulsequah Project consists of 38 mineral claims and Crown-grants covering approximately 14,220 hectares and two previously producing mines. For more information on the Tulsequah Project, please refer to the Company's NI 43-101 compliant technical reports, "Preliminary Economic Assessment" dated July 29, 2011; "Tulsequah Chief Deposit, Tulsequah Chief Property, Northern British Columbia" and "Big Bull Project, Tulsequah Chief Property, Technical Report, Northern British Columbia", each dated as of November 8, 2010 and available under the Company's profile on SEDAR (

Forward-Looking Information:

This press release includes certain "forward-looking statements" within the meaning of the Ontario Securities Act or other laws or regulations. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization, mineral resources or reserves, exploration results and future plans and objectives of Chieftain Metals Inc. are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

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