Chieftain Metals Inc.

TSX : CFB


Chieftain Metals Inc.

February 13, 2013 07:00 ET

Chieftain Receives Final Permits for Tulsequah Chief

Project Now Construction Ready

TORONTO, ONTARIO--(Marketwire - Feb. 13, 2013) - Chieftain Metals Inc. ("Chieftain" or the "Company") (TSX:CFB) is pleased to report that it has received the Parks Use Permit, Occupant Licenses to Cut, Ministry of Transportation and Infrastructure Works Permits and an amendment to the Special Use Permit (SUP) 23154, permitting an alternate access road route connecting the Tulsequah Chief Project in British Columbia to the Provincial road network. These are the final permits approving the access road route for the Project and the final permits required to start construction at Tulsequah Chief.

Mr. Keith Boyle, P.Eng., Chieftain's COO stated, "We are pleased to have reached this important step in the project after almost 18 months of working with the Taku River Tlingit First Nation (TRTFN) and BC governments to find an alternate route to the original SUP that met the objectives of the land use plan they signed in 2011. Tulsequah Chief is fully permitted for construction, including the improved access road route."

The realigned road offers significant reductions in potential environmental and cultural impacts compared to the previously approved route, as it will allow a 35 km reduction in new road construction, reduce the number of stream crossings by 24, avoid sensitive caribou habitat and eliminate any crossing of the TRTFN Nakina Heritage Trail.

Mr. Victor Wyprysky, Chieftain's President and CEO stated, "The achievement of this last permit milestone places 'The Chief' in the enviable position of being fully technically advanced, permitted and construction ready, and Chieftain is now working to secure project financing. The Tulsequah Project will bring great benefit to the Atlin community, the Taku River Tlingit First Nation, the province of BC and Chieftain shareholders."

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 Chief Polymetallic Project, in north-western British Columbia, Canada. Chieftain's Property consists of 39 mineral claims and Crown-grants covering approximately 14,089 hectares and covers two previously producing mines. For more information on Tulsequah and related projects, please refer to the Company's NI 43-101 compliant technical reports, "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, 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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