Lac Seul First Nation

Lac Seul First Nation

September 21, 2011 13:39 ET

Lac Seul First Nation and Tamaka Gold Corporation Sign Negotiation Protocol

LAC SEUL, ONTARIO--(Marketwire - Sept. 21, 2011) - Chief Clifford Bull of the Lac Seul First Nation and President and CEO Howard Katz of Tamaka Gold Corporation ("Tamaka") are pleased to announce that they have signed an Negotiation Protocol (the "Protocol") for the negotiation of an exploration agreement for outlining the terms of a collaborative and mutually beneficial working relationship in respect of, and the support of the Lac Seul First Nation for, Tamaka's exploration within the District of Sioux Lookout, Ontario and the surrounding area, some of which is in traditional territories asserted by Lac Seul First Nation. The Protocol outlines the agenda and the process for conducting negotiations for establishing an exploration agreement. Topics to be addressed in the negotiations will include employment, training, economic and business opportunities and financial contributions, among others.

Tamaka is a Canadian junior resource company with offices in Toronto and Sudbury, Ontario. Tamaka is conducting exploration activities on its properties known as the Goldlund Property (which includes the KRP Deposit) near Sioux Lookout, Ontario, and the Rundle Swayze Properties near Timmins, Ontario.

"This protocol is the first step to formalize our cooperation, support and participation in the activities of Tamaka," said Chief Clifford Bull. "We look forward to working with all resources companies exploring and operating in our traditional lands. This protocol with Tamaka envisions mutual respect and shared benefits from lands which our people have occupied for thousands of years."

"We are very pleased with this protocol and the positive relationship we have established and maintain with Lac Seul First Nation," added Howard Katz, CEO of Tamaka. "Tamaka is committed to working in cooperation with the Lac Seul First Nation in all phases of our Goldlund project. In the current economic climate, it is more important than ever that companies like ours, working in First Nation traditional territory, establish and maintain a mutually beneficial relationship with the impacted communities. This agreement is a signal to investors and governments of our commitment to a cooperative relationship with Lac Seul First Nation through all phases of our work in the Sioux Lookout area."

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Clifford Bull
    Chief of Lac Seul First Nation
    (807) 582-3503

    Tamaka Gold Corporation
    Howard Katz
    Chief Executive Officer
    416-865-8065