Constantia and High Bar sign agreement

Mining company and band sign Co-operation and Benefits Agreement for new mining project.

Constantia Resources Ltd. is pleased to announce it has signed a Cooperation and Benefits Agreement with the High Bar First Nation regarding development of the Maggie Copper-Molybdenum mine project located between Cache Creek and Clinton. The Agreement provides High Bar First Nation with various economic opportunities and financial benefits, helps facilitate regulatory approvals and provides a long-term framework for communication and cooperation.

“We are delighted to have concluded this benefits agreement with the High Bar First Nation,” said Stephen Hodgson, President of Constantia. “It shows what can be done when companies and aboriginal groups build relationships and work together.”

“Constantia has shown itself to be a company we can work with,” said High Bar First Nation Chief Larry Fletcher.

“This partnership can provide real opportunities and benefits for our community while still ensuring our aboriginal rights and environmental concerns are respected.”

The Agreement addresses various matters including:

Cooperative engagement with government on regulatory and revenue sharing matters;

Funding for the training and skill development of High Bar First Nation members;

A job skills workshop for High Bar members; Employment of High Bar First Nation members during the construction and operation phases of the Maggie Project; and Financial benefits.

The Cooperation and Benefits Agreement follows the successful negotiation and implementation of an Early Engagement Agreement signed by Constantia and High Bar First Nation in August, 2012.

Constantia has also entered into two agreements with the Whispering Pines/Clinton Indian Band.

“Our relationship with High Bar First Nation continues to grow and we are looking forward to working closely together towards the development of the Maggie Project,” said Hodgson. ”We will also continue to work hard to achieve similar agreements with other interested First Nations.“

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