VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 30, 2012) - Selwyn Resources Ltd. (TSX VENTURE:SWN) ("Selwyn") announces that Selwyn Chihong Mining Ltd. (Selwyn Chihong), the joint venture company formed by Selwyn and Chihong Canada Mining Ltd. to advance the Selwyn Project to production, has been granted long-term tenure for the portion of the Howard's Pass Access Road that is under the jurisdiction of Aboriginal Affairs and Northern Development Canada (AANDC).
The Howard's Pass Access Road is an existing 79 kilometre long road that links the Selwyn Project with the Yukon public highway system. AANDC has issued Selwyn Chihong a 30-year Licence of Occupation covering the majority of the road. "This licence provides us with a portion of the long-term certainty of access to the Selwyn Project, which is of critical importance for planned mine construction activities and future ore concentrate haulage," says Justin Himmelright, Vice President of Environment and Community Affairs, Selwyn Chihong.
The Howard's Pass Access Road crosses through two administrative areas; about 57 kilometres is on Crown Land under the jurisdiction of AANDC and 22 kilometres is in the Nahanni National Park Reserve under the jurisdiction of Parks Canada. A draft Licence of Occupation for the portion of the Howards Pass Access Road that is within the Nahanni Park Reserve has been received from Parks Canada; terms and conditions of that licence are currently under review.
Forward Looking Statements
This news release contains forward-looking statements concerning the advancement of the Selwyn Project and the status of certain Licences of Occupation. These forward-looking statements are based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of regulatory statutes, regulations, rules and policies, market conditions for commodities, the results of exploration activities and engineering studies, the availability of capital on terms acceptable to Selwyn and other risk factors beyond Selwyn's control. As a result, there is no assurance that the Selwyn Project will be advanced to production, that timelines for development of the Selwyn Project will be achieved or that Licences of Occupation will be issued in a form acceptable to Selwyn Chihong.
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:
Justin Himmelright
Vice President of Environment and Community Affairs
+1 (604) 801-7240 or Toll-free: +1 (888) 989-9188
+1 (604) 689-8355 (FAX)
Selwyn Resources Ltd.
Catalin Chiloflischi
Manager of Investor Communications
+1 (604) 801-7240 or Toll-free: +1 (888) 989-9188
+1 (604) 689-8355 (FAX)
info@selwynresources.com
www.selwynresources.com