Northcliff Resources Ltd.

News Releases

 March 02, 2017
Media Release: Sisson Project Limited Partnership signs Cooperation Agreement with Woodstock First Nation

 March 2, 2017 Fredericton, New Brunswick - The Sisson Project Limited Partnership (the "Sisson Partnership"), Northcliff Resources Ltd. ("Northcliff") (TSX: NCF) and Woodstock First Nation ("WFN") are pleased to announce the signing of a Cooperation Agreement (the "Agreement") regarding the Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada. The Agreement provides Woodstock First Nation with various economic opportunities and financial benefits, helps facilitate regulatory approvals and provides a long-term framework for communication and cooperation between the parties.

"We are delighted to have concluded this Cooperation Agreement with Woodstock First Nation," said Chris Zahovskis, President and CEO of Northcliff. "It shows what can be done when companies and Aboriginal groups build relationships and work together."

"Our community has spoken." said Woodstock First Nation Chief Tim Paul. "We had a community referendum and given the strong environmental protection provisions and economic benefits in the Agreement, Woodstock First Nation members voted in its favour."

While the details of the Agreement are confidential, it addresses various matters including:
  • Cooperative engagement with government on regulatory matters;
  • Environmental protection provisions;
  • Scholarships and capacity building opportunities for Woodstock First Nation members;
  • Employment, training and contracting opportunities for Woodstock First Nation members during the construction and operation phases of the Sisson Project; and
  • Financial benefits.
The Cooperation Agreement follows the successful negotiation and implementation of a Process Agreement signed by Northcliff and Woodstock First Nation in June 2013 .

"Our relationship with Woodstock First Nation continues to grow and we are looking forward to working closely together towards the development of the Sisson Project," stated Northcliff President and CEO Christopher Zahovskis. "We also look forward to a positive outcome from the federal environmental assessment process, building on the positive environmental assessment decision in December 2015 from the New Brunswick government, to enable advancement of Northcliff's and our partner's plans to build and operate an environmentally sound and socially responsible project that will provide significant benefits in the Province of New Brunswick."

"Northcliff has shown itself to be a company we can work with," said Woodstock First Nation Chief Tim Paul. "This partnership can provide real opportunities and benefits for our community while still ensuring our values, Aboriginal and treaty rights and environmental concerns are respected."

About Northcliff Resources Ltd.

Northcliff, associated with Hunter Dickinson Inc. (HDI), is a mineral resource company focused on advancing the Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. The results of the Feasibility Study, completed in January 2013, confirmed that the Sisson Project is technically and economically feasible and can move on to the next stage of development.

The Sisson Environmental Impact Assessment Report (the "EIA Report") was submitted to both the federal Canadian Environmental Assessment Agency ("CEAA") and the New Brunswick Department of Environment and Local Government in July 2013. Provincial approval of the EIA Report was received on December 3, 2015. A federal decision from CEAA is pending.

Additional information on Northcliff is available on the website at www.northcliffresources.com. Investor services can be reached at (604) 684-6365 or within North America at 1-800-667-2114.

About Woodstock First Nation

The Woodstock First Nation members are the descendants of the Wolastoqiyik (Maliseet) people, who have occupied the lands and waters of what is now called New Brunswick since time immemorial. It is located approximately 9 km away from the town of Woodstock and 100km from the city of Fredericton. Additional information on Woodstock First Nation is available on the website at www.woodstockfirstnation.com.

About Todd Minerals Ltd.

Todd Minerals is a subsidiary of the family owned Todd Corporation, one of New Zealand's most successful companies, with a growing portfolio of mineral investments. Additional information on Todd Corporation and Todd Minerals is available on the website at www.toddcorporation.com.

About the Sisson Partnership

The Sisson Partnership is responsible for the development of the Sisson Project. The Sisson Partnership is owned by Northcliff and Todd Minerals. Additional information on the Sisson Partnership and Sisson Project is available on the website at www.sissonpartnership.com.

Chris Zahovskis
President and CEO
Northcliff Resources Ltd.

For more information, contact:
Greg Davidson, Community Relations Manager
506-455-0530, GregDavidson@northcliffresources.com

View Media Release in PDF Format
File: http://www.northcliffresources.com/i/pdf/2017-03-02-mr-sp-ncf.pdf
 367 KB, approx. 1 minute, 9 seconds at 56.6Kbps
 
 

You can view the Next News Releases item: Fri Mar 17, 2017, Northcliff Closes $3.9 Million Financing

You can view the Previous News Releases item: Thu Mar 2, 2017, Northcliff Announcement: Sisson Project Limited Partnership signs Cooperation Agreement with Woodstock First Nation

You can return to the main News Releases page, or press the Back button on your browser.