Strateco Resources Inc.

Strateco Resources Inc.

February 10, 2014 13:53 ET

The Court Agrees to Special Case Management of Strateco's Motion to Invalidate

BOUCHERVILLE, QUEBEC--(Marketwired - Feb. 10, 2014) - Strateco Resources Inc. ("Strateco") (TSX: RSC)(FRANKFURT:RF9) announced today that the Associate Chief Justice has appointed the honourable Justice Danielle Blondin of Quebec Superior Court (the "Court") to hear its motion to invalidate. This appointment is aimed at ensuring that the proceedings are handled efficiently and facilitating the resolution of the case.

On January 10, 2014, Quebec's Attorney General filed a motion for special case management of Strateco's motion to invalidate. The motion, which Strateco did not oppose, was heard by the Associate Chief Justice on February 5, 2014. The honourable Justice Danielle Blondin is familiar with the case, as she was responsible for Strateco's legal proceedings in 2013, including the motion for mandamus.

On December 5, 2013, Strateco filed its motion to invalidate the November 7, 2013, decision by Quebec's Minister of Sustainable Development, Environment, Wildlife and Parks to refuse to deliver the certificate of authorization for the underground exploration phase of the Matoush project. In addition to seeking to invalidate the minister's decision, Strateco is asking the Court to force the minister to issue the certificate of authorization needed for the advanced exploration phase of the project.

Strateco will continue to inform its shareholders on the ongoing legal proceedings.

This news release contains "forward-looking statements" subject to certain risks and uncertainties. There can be no assurance that these statements will prove to be correct. Actual results and future events could differ significantly from those implied by such statements. These risks and uncertainties are discussed in Strateco's annual information form filed with the securities commissions of British Colombia, Alberta, Ontario and Quebec.

Contact Information

    Guy Hebert
    President and Chief Executive Officer
    450.641.0775 or 1.866.774.7722
    450.641.1601 (FAX)

    Jean-Pierre Lachance
    Executive and Exploration Vice President
    450.641.0775 or 1.866.774.7722
    450.641.1601 (FAX)