North Thunder Bay Mining Co. Ltd.
North Thunder Bay Mining Applies for Small Scale Mining Permit
North Thunder Bay Mining Co. Ltd. / Key word(s): Miscellaneous North Thunder Bay Mining Applies for Small Scale Mining Permit Toronto, Canada – March 15, 2011 North Thunder Bay Mining Co. Deutsche Börse symbol: 84N (www.norththunderbay.com), is pleased to announce that it has applied to the Provincial Governor's office in Tarlac to obtain a small scale mining permit for the recently acquired Soliman Prospect. The property is adjacent to the Company's Mayantoc property, and is approximately 150 hectares in size. The property was acquired from MSJ Tree Farm and Development Corp. (MSJ) under an earn-in Agreement, which requires the Company to fund the required development and exploration of the property. Management believes that this additional acreage will contain similar iron ore mineralization as the current Mayantoc prospect, and will add to the potential reserves and value of the iron ore play. Disclaimer & Safe Harbor Statement: This release may contain certain 'forward-looking statements' with respect to certain of North Thunder Bay Mining Co.'s plans, goals and expectations regarding its future financial condition, performance, results, strategy and objectives. Words such as 'anticipates', 'expects', 'intends', 'plans', 'believes', 'seeks', 'estimates', 'may', 'could', 'would', 'might', 'will' and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations, beliefs, plans, projections, objections, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements in this press release are not promises or guarantees of future performance and are subject to risks and uncertainties that could cause North Thunder Bay Mining Co.'s actual results to differ materially from those anticipated. North Thunder Bay Mining Co. cautions the reader not to place undue reliance upon any such forward-looking statements. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed herein as well as the following: (i) domestic and global economic and business conditions; (ii) market related risks and the performance of financial markets generally; (iii) the policies and actions of regulatory authorities; (iv) the impact of competitive factors; (v) risks and uncertainties associated with future acquisitions or combinations within relevant industries; and (vi) changes in capital, solvency or accounting standards as well as tax and other relevant legislation or regulations in the jurisdictions in which North Thunder Bay Mining Co. operates. The actual results that North Thunder Bay Mining Co. achieves may differ materially from any forward-looking statements which are based on management's beliefs and opinions at the time the statements are made. North Thunder Bay Mining Co. does not undertake any obligation to update forward-looking statements should circumstances or management's beliefs or opinions change.
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115569 15.03.2011 |