Dundarave Resources Inc.
TSX VENTURE : DDX

Dundarave Resources Inc.

April 21, 2008 01:16 ET

Dundarave Initiates ExtrEL Design Optimization Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 21, 2008) - Dundarave Resources Inc. (TSX VENTURE:DDX) ("Dundarave") is pleased to announce that the Company has initiated the design optimization program for its ExtrEL nickel recovery technology. The design optimization is the next stage in the Dundarave's technology development and deployment plan.

The objective of the program is to produce design plans for a pilot plant for recovery of nickel from pyrrhotite-rich tailings. The design optimization will include a number of key modules: reactor optimization, solid/liquids separation, solvent extraction, iron and acid recovery, nickel recovery among others.

The design optimization will be conducted by Enpar Technologies, the developer of ExtrEL technology. It is estimated that the design optimization program will be completed in approximately 6 months.

Forward Looking Statement

This press release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to the Company's plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related to the success of the ExtrEL leaching system technology; changes in economic conditions or financial markets; changes in prices for the optimization and design program or the test pilot plant; patent and other forms of litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or an inability to obtain suitable tailings or permits required in connection with extraction and related activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

ON BEHALF OF THE BOARD

Paul Matysek, M.Sc., P. Geo., President & CEO

Contact Information

  • Dundarave Resources Inc.
    Paul Matysek, M.Sc., P. Geo.
    President & CEO
    (604) 999-9939
    (604) 408-4799 (FAX)