VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 07/16/13 — Pacific Wildcat Resources Corp. (TSX VENTURE: PAW) („PAW“ or the „Company“) is pleased to announce that Cortec Mining Kenya Limited („CMK“), owner of the Mrima Hill Niobium and Rare Earth Project in Kenya (PAW indirect 70% ownership) has received approval from the National Environment Management Authority („NEMA“) in Kenya for the Environmental Impact Assessment (EIA) Study Reports for the Mining and Processing of Niobium and Associated Rare Earths at Mrima Hill.
Key Conditions of the Approvals include;
PAW President and CEO, Mr. Darren Townsend, commented, „We are very pleased CMK has received this key approval for the Mrima Hill Project. This combined with the 21 year Special Mining License issued in March this year allows the Company to progress forward with the Project and the focus is now on advancing further Metallurgical studies. PAW wishes to thank all the Ministries and Departments in the Kenyan Government and Civil Service who have worked tirelessly to progress the approvals, and specifically, the Department of Mines and Geology, NEMA, Kenya Forest Services, Land Affairs, Kenya Investment Authority, Kwale County Government, Members of Parliament, CMK staff/consultants and the communities of Mrima Hill and surrounding areas.“
ON BEHALF OF THE BOARD OF DIRECTORS OF PACIFIC WILDCAT RESOURCES CORP.
Darren Townsend, President & CEO
About Pacific Wildcat Resources Corp. – Pacific Wildcat is a TSX Venture Exchange listed Canadian mineral exploration company having the trading symbol „PAW“. PAW owns 100% of Stirling Capital Ltd and Cortec Pty Ltd, two UK companies that between them own a 70% interest in Cortec Mining Kenya Limited, a Kenyan company which has the mining rights to the Mrima Hill Niobium and Rare Earth Project in Kenya. This is an ex Anglo American and Pechiney property the subject of extensive historic work. In July 2011 the Company completed an initial NI 43-101 compliant inferred niobium resource estimate of 105.3 million tonnes at 0.65% Nb2O5 for a total of 1.519 billion pounds contained Nb2O5 to a depth of 30 metres from the surface. For information about Pacific Wildcat Resources Corp. and its development and exploration activities shareholders and other interested parties are invited to visit the company-s website at .
Investors are cautioned that trading in the securities of Pacific Wildcat Resources Corp. should be considered highly speculative. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. 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. Cautionary note: This press release contains forward looking statements, particularly those regarding cash flow, capital expenditures, the completion of certain financings, work programs, the estimation of mineral resources and the Company-s plans with respect to the exploration and development of its projects and its investment plans. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. In particular, there can be no assurance that the Private Placement will complete. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. There can be no assurance that the Company will be able to obtain a mining licence or any of the permits that are required in order to commence mining operations at the Mrima Hill Project.
Contacts: Pacific Wildcat Resources Corp. Terese Gieselman Company Secretary/Chief Financial Officer +1-250-768-0009
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