Chieftain Metals Inc.
TSX : CFB

Chieftain Metals Inc.

October 04, 2011 10:26 ET

Chieftain Prepares Tulsequah Chief for Mine Construction; Interim Water Treatment Plant Nears Completion

TORONTO, ONTARIO--(Marketwire - Oct. 4, 2011) - Chieftain Metals Inc. ("Chieftain" or the "Company") (TSX:CFB) announces commencement of initial construction and site preparation at the Tulsequah Chief mine site. The construction program will consist of the removal of historic Potential Acid Generating (PAG) rock to a containment area one kilometer from the mine site. The work achieves two main objectives - containment of PAG drainage, and positioning Chieftain to begin plant site grading and foundation construction in the summer of 2012. Chieftain is fully permitted to begin this winter work program immediately and is expecting completion by April 2012.

The Interim Water Treatment Plant is entering the final phase of construction at the Tulsequah Chief mine site. The project is 85% complete; remaining on schedule and on budget with a targeted completion date of November 2011.

Mr. Victor Wyprysky, President and CEO, commented, "I am pleased with the team's ability to execute with speed, accuracy and efficiency. The winter work program will put us ahead of schedule so we can hit the ground running with full mine construction in the spring."

About Chieftain Metals Inc.

Chieftain Metals Inc.'s 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 Polymetallic Project, in northwestern British Columbia, Canada. The Tulsequah Project consists of 38 mineral claims and Crown-grants covering approximately 14,220 hectares and covers 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 (www.sedar.com).

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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