CONSTANTINE METAL RESOURCES LTD. AND WAHGOSHIG FIRST NATION ENTER INTO EXPLORATION AGREEMENT
February 9, 2009
Vancouver, B.C. – Constantine Metal Resources Ltd. (the “Company” or “Constantine”) (TSX Venture- CEM) and the Wahgoshig First Nation (“Wahgoshig”) are pleased to announce that they have entered into an Exploration Agreement (“EA”) on the Company’s properties within the Wahgoshig Traditional Territory. These properties currently include the Munro-Croesus and the Four Corners gold project. The primary purpose of the EA is to establish the foundation for ongoing communication with the Wahgoshig community during the exploration process while respecting their culture and heritage.
Garfield MacVeigh, President of Constantine has had an association with the property from his early childhood when his father worked on it. He said “We look forward to working with the Wahgoshig for many years to come. This EA formalizes the respectful and mutually beneficial working relationship established over the last year. Last spring the Company completed a 2000 meter drill program which provided an opportunity for some of the Wahgoshig youth to start their Common Core surface drill training in preparation for working in mining and other industries. We look forward to creating similar opportunities in the future”.
Wahgoshig and Constantine have also agreed to a negotiation process leading to an Impact Benefits Agreement ("IBA"). The IBA will cover topics such as business opportunities, employment, training and financial compensation.
"This agreement demonstrates that First Nations and companies can work together in a positive and creative way while accommodating their respective objectives. The Company's agreement and co-operation in protecting our Native values and cultural sites is very important to us." said Chief Babin, "The agreement also provides a commitment to negotiate a comprehensive agreement should the project move to beyond exploration.” Wahgoshig First Nation is an Algonquin community that traditionally hunted and lived in the Lake Abitibi region of Ontario and Quebec. Wahgoshig has entered into agreements with other mining companies, and is involved in the industry through business ventures and employment of its members while maintaining its traditional activities and stewardship of the environment.
A signing ceremony and community feast was held at Wahgoshig on February 7, 2009.
Constantine owns 100% of the Croesus Gold property, including the former Croesus Gold mine, consisting of 22 patented mining claims and leases (416 hectares) and the 65 claim Four Corners property (1040 hectares), located about 90 kilometers east of Timmins, Ontario and within the influence of the prolific Porcupine-Destor Deformation zone (PDDZ) that stretches between Timmins, Ontario and Val’Dor Quebec. Constantine is also exploring its massive sulphide Palmer project in Alaska, USA.
Please visit the Company’s website (www.constantinemetals.com) for more detailed company and project information.
"J. Garfield MacVeigh"
J. Garfield MacVeigh, President
Telephone: (604) 629-2348 or (778) 772-4437
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. The news release includes certain “forward-looking statements”. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization, exploration results and future plans and objectives of Constantine are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Constantine’s expectations are exploration risks detailed herein and from time to time in the filings made by Constantine with securities regulators.