Claim Post Resources Inc.
TSX VENTURE : CPS

Claim Post Resources Inc.

July 13, 2015 12:15 ET

Claim Post Resources Inc. Signs MOU With Hollow Water First Nation and The Incorporated Community of Seymourville on the Seymourville Silica Sand Project

TORONTO, ONTARIO--(Marketwired - July 13, 2015) - Claim Post Resources Inc. (TSX VENTURE:CPS) ("Claim Post" or the "Company") announces it has signed Memorandum of Understandings ("MOU") with both Hollow Water First Nation ("Hollow Water") and the Incorporated Community of Seymourville ("Seymourville"), regarding the Seymourville Silica Sand Project, that pave the way for long-term economic benefits for these communities and residents in the surrounding areas.

Under the MOUs, Claim Post recognizes and respects Aboriginal and Treaty rights and interests in the area of the Seymourville Silica Sand Project. The MOUs reflect Claim Post's commitment to continuous collaboration with locally elected governments to protect the environment and remediate lands in a way that reflects the communities' long term planning aspirations, as well as their economic, social, and cultural practices.

The MOUs are an important first step towards the completion of detailed participation agreements that will address the socio-economic and impact benefits associated with the Seymourville Silica Sand Project, which is anticipated to be in production for 50+ years. Claim Post, Hollow Water and Seymourville have already begun discussions on this next step, and pending environmental assessment outcomes, anticipate signing participation agreements in late 2015 or early 2016.

"These MOUs are about creating long-term partnerships based on mutual respect, active listening, full transparency and shared prosperity," says Charles Gryba, President of Claim Post. "We have committed to our partners that any extraction of natural resources will be carried out in a mutually-beneficial and sustainable way."

"This MOU is a significant achievement for our community," said Hollow Water Chief, Derek Bushie. "Agreements with industry that honour our rights and role as stewards of the lands we inhabit are an essential part of ensuring that our Treaty, Aboriginal and inherent rights are respected when companies want to develop the lands and resources in our territory."

"Our government is looking forward to working collaboratively with Claim Post to reach participation agreements that fuel economic opportunities for our community, both collectively and for our individual citizens," said Mayor and Councillors of Seymourville.

About Hollow Water First Nation: Hollow Water First Nation is situated on land that has long been home to the Anishinaabe (Ojibwa) people. Hollow Water's reserve is located on the east side of Lake Winnipeg, Canada, 75 km north of Pine Falls, Manitoba, and 190 km north of Winnipeg. Its members are represented and governed by Chief and Council. As of June 2015, Hollow Water had a registered population of 1,913 people. The community is accessible by an all-weather road, via Hwy 304.

About the Incorporated Community of Seymourville: Nestled near Black Island and Hecla Provincial Park, the Seymourville community lies on the Southeast boundary of Hollow Water First Nation reserve and is about 70 km by road from Pine Falls, Manitoba. Seymourville became an incorporated community under The Northern Affairs Act in 2003; and is governed by a Mayor and Council. Seymourville is accessible from Hwy 304.

Claim Post Resources Inc. is a Canadian based mineral exploration company and a reporting issuer in Ontario, Alberta and British Columbia. The Company is focused on becoming a leading provider of premium white silica sand proppant to oil operations in the Williston Basin (both the Canadian and U.S. sides of the Border), and to the oil and natural gas plays in the Western Canadian Sedimentary Basin from its Seymourville Frac Sand Project, located 200 km northeast of Winnipeg, Manitoba. Claim Post also has mineral claims in the Timmins area for gold and base metal exploration. There are 124,083,908 common shares of the Company currently issued and outstanding.

Statements in this release that are forward-looking reflect the Company's current views and expectations with respect to its performance, business, and future events. Such statements are subject to various risks and assumptions, some, but not necessarily all, are disclosed elsewhere in the Company's periodic filings with Canadian securities regulators. Such statements and information contained herein represent management's best judgment as of the date hereof based on the information currently available; however actual results and events may vary significantly.

The Company does not assume the obligation to update any forward-looking statement. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Claim Post Resources Inc.
    Charles Gryba
    President and Director
    416-801-6366

    Claim Post Resources Inc.
    Peter Gryba
    Corporate Affairs
    416-203-3776
    www.claimpostresources.com