November 12, 2007

Mining companies commit over $1.5M for cleanup of abandoned sites in Quebec

QUEBEC CITY, QUE-Virginia Mines, Canadian Royalties and Azimut Exploration have contributed a total of $250,000 toward the Fonds Explor-Action Nunavik (FRAN), a fund established in March of this year to rehabilitate long-abandoned mineral exploration sites in northern Quebec. Virginia and Canadian Royalties are each providing $100,000, with Azimut contributing $50,000. Canadian Royalties has also committed to continue cleaning up sites abandoned by previous explorers at its Nunavik nickel project. The FRAN is a partnership between the Quebec government, the mining industry and the Inuit community. Since its creation, more than 30 companies from the mining sector have confirmed their financial participation for a total of more than $1.5 million. The funding will allow cleanup and rehabilitation of abandoned sites to begin this year. Previous studies listed nearly 600 sites requiring rehabilitation, of which 18 have been designated as high-priority. Work has already started on several of these 18 priority sites. More information is available from André Gaumond, president of Virginia Mines, 418/694-9832, E-mail mines@virginia.qc.ca; Glenn Mullan, chairman of the board for Canadian Royalties, 514/879-1688, Web site www.canadianroyalties.com; or Normand Champigny, executive vice-president of Azimut Exploration, 450/646-3015, E-mail info@azimut-exploration.com.

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