First Mining Gold Corp. (“First Mining” or the
“Company”) (TSX:FF) (OTCQX:FFMGF) (Frankfurt:FMG) is
pleased to announce it has signed a negotiation protocol agreement
(the “Negotiation Protocol”) with the Lac Seul First Nation, the
Slate Falls First Nation and the Cat Lake First Nation in Ontario
(together, the “Shared Territory Protocol Nations”). This
follows the March 3, 2017 signing of a historic Shared Territory
Protocol whereby the Shared Territory Protocol Nations have agreed
to share certain geographic areas (the “Shared Territory”) based on
traditional use and impact, and to share ownership in development
and management of natural lands and resources within their
territory to maximize benefits for each community.
Under the Negotiation Protocol, First Mining and
the Shared Territory Protocol Nations will work together in a
responsible, cooperative and productive manner in relation to the
development of First Mining’s Springpole Gold Project
(“Springpole”). To achieve this, a Joint Development Team
(“JDT”) consisting of representatives from each Shared Territory
Protocol Nation and from First Mining will be established.
The JDT will meet quarterly to review and discuss First
Mining’s exploration and development activities at Springpole
within the Shared Territory.
Jeff Swinoga, Chief Executive Officer of First
Mining, stated, “We are very pleased to have signed this important
and historic Negotiation Protocol with the Lac Seul First Nation,
the Slate Falls First Nation and the Cat Lake First Nation.
First Mining greatly values its strong and trusting relationship
with each of these communities, and with all Aboriginal communities
in our project areas. As we advance our flagship Springpole
Gold Project through permitting, construction and toward
production, we look forward to a positive, long-term relationship
with the Shared Territory Protocol Nations to create benefits,
employment and opportunities to improve economic prosperity and
quality of life. We believe it is very important to have a
local community-based, environmentally responsible approach to our
mineral project development within the Shared Territory and First
Nation lands in general, which is both culturally sensitive and
respectful of constitutional rights.”
Chief Clifford Bull of the Lac Seul First Nation
stated, “The signing of the Negotiation Protocol, and the Shared
Territory Protocol among the Shared Territory Protocol Nations,
clearly demonstrates the willingness of all parties to work
together collaboratively and effectively to ensure that the
benefits from resource extraction in the Shared Territory are
shared justly and fairly amongst our communities and industry
partners. This is truly a great, historic day.”
Chief Lorraine Crane of Slate Falls First Nation
added, “I have been an advocate for development in the Shared
Territory that will result in education, jobs and future
opportunity for our youth. Slate Falls wanted to be engaged
in this process to ensure that Slate Falls First Nation’s values
are truly reflected in our partnership with First Mining Gold
Corp. I want to thank my fellow Chiefs, the Municipality of
Sioux Lookout and First Mining for their contributions that lead us
to this final Negotiation Protocol.”
Chief Ernest Wesley of the Cat Lake First Nation
stated, “Our community is very excited to be developing this
project with First Mining. We have hope and confidence that
the signing of these partnership agreements will bring jobs and
economic benefits to the Cat Lake First Nation and all partner
communities in our Shared Territory. We are looking forward
to working with First Mining on all of their projects in our Shared
Territory.”
With the Negotiation Protocol in place, First
Mining will now work with the Shared Territory Protocol Nations to
finalize exploration agreements to cover its exploration activities
at Springpole.
ABOUT FIRST MINING GOLD
CORP.
First Mining Gold Corp. is an emerging
development company with a diversified portfolio of gold projects
in North America. Having assembled a large resource base
of seven million ounces of gold in the
Measured and Indicated categories
and five million ounces of gold in the
Inferred category in mining friendly jurisdictions
of eastern Canada, First Mining is now focused on advancing its
assets towards production. The Company currently holds a portfolio
of 25 mineral assets in Canada, Mexico and the United States with a
focus on gold.
For further information, please contact: Derek
Iwanaka Vice President Investor Relations Toll-Free: 1-844-306-8827
Email: info@firstmininggold.com Website: www.firstmininggold.com
ON BEHALF OF FIRST MINING GOLD CORP. “Keith
Neumeyer”
Keith NeumeyerChairman Cautionary Note
Regarding Forward-Looking Statements
This news release includes certain
"forward-looking information” and "forward-looking statements”
(collectively "forward-looking statements”) within the meaning of
applicable Canadian and United States securities legislation
including the United States Private Securities Litigation Reform
Act of 1995. These forward-looking statements are made as of
the date of this news release. Forward-looking statements are
frequently, but not always, identified by words such as "expects”,
"anticipates”, "believes”, “plans”, “projects”, "intends”,
"estimates”, “envisages”, "potential”, "possible”, “strategy”,
“goals”, “objectives”, or variations thereof or stating that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved, or the negative of any of
these terms and similar expressions.
Forward-looking statements in this news release
relate to future events or future performance and reflect current
estimates, predictions, expectations or beliefs regarding future
events and include, but are not limited to, statements with respect
to: (i) First Mining and the Shared Territory Protocol Nations
working together with respect to the development of the Springpole
gold project; (ii) the establishment of the JDT and quarterly
meetings held by the JDT; (iii) the creation of benefits and
opportunities to improve the economic prosperity and quality of
life of the Shared Territory Protocol Nations; and (iv) the
negotiation and finalization of exploration agreements with each
Shared Territory Protocol Nation to cover First Mining’s
exploration activities at its Springpole gold project. All
forward-looking statements are based on First Mining's or its
consultants' current beliefs as well as various assumptions made by
them and information currently available to them. The most
significant assumptions are set forth above, but generally these
assumptions include: (i) the presence of and continuity of metals
at the Springpole gold project at estimated grades; and (ii)
success in finalizing exploration agreements with the Shared
Territory Protocol Nations. Although the Company’s management
considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect.
By their very nature, forward-looking statements
involve inherent risks and uncertainties, both general and
specific, and risks exist that estimates, forecasts, projections
and other forward-looking statements will not be achieved or that
assumptions do not reflect future experience. We caution
readers not to place undue reliance on these forward-looking
statements as a number of important factors could cause the actual
outcomes to differ materially from the beliefs, plans, objectives,
expectations, anticipations, estimates assumptions and intentions
expressed in such forward-looking statements. These risk
factors may be generally stated as the risk that the assumptions
and estimates expressed above do not occur as forecast, but
specifically include, without limitation: (i) risks relating to
variations in the mineral content within the material identified as
Mineral Resources from that predicted; (ii) general risks related
to exploration drilling programs; (iii) developments in world
metals markets; (iv) risks relating to fluctuations in the Canadian
dollar relative to the US dollar; (v) management’s discretion to
refocus the Company’s exploration efforts and/or alter the
Company’s short and long term business plans; and (vi) the
additional risks described in First Mining's Annual Information
Form for the year ended December 31, 2016 filed with the Canadian
securities regulatory authorities under the Company’s SEDAR profile
at www.sedar.com, and in First Mining’s Annual Report on Form 40-F
filed with the SEC on EDGAR.
First Mining cautions that the foregoing list of
factors that may affect future results is not exhaustive.
When relying on our forward-looking statements to make decisions
with respect to First Mining, investors and others should carefully
consider the foregoing factors and other uncertainties and
potential events. First Mining does not undertake to update
any forward-looking statement, whether written or oral, that may be
made from time to time by the Company or on our behalf, except as
required by law.
Cautionary Note to United States
Investors
This news release has been prepared in
accordance with the requirements of the securities laws in effect
in Canada, which differ from the requirements of U.S. securities
laws. Unless otherwise indicated, all resource and reserve
estimates included in this news release have been prepared in
accordance with National Instrument 43-101 Standards of Disclosure
for Mineral Projects ("NI 43-101”) and the Canadian Institute of
Mining, Metallurgy, and Petroleum 2014 Definition Standards on
Mineral Resources and Mineral Reserves. NI 43-101 is a rule
developed by the Canadian Securities Administrators which
establishes standards for all public disclosure an issuer makes of
scientific and technical information concerning mineral
projects. Canadian standards, including NI 43-101, differ
significantly from the requirements of the United States Securities
and Exchange Commission ("SEC”), and mineral resource and reserve
information contained herein may not be comparable to similar
information disclosed by U.S. companies. In particular, and
without limiting the generality of the foregoing, the term
"resource” does not equate to the term "reserves”. Under U.S.
standards, mineralization may not be classified as a "reserve”
unless the determination has been made that the mineralization
could be economically and legally produced or extracted at the time
the reserve determination is made. The SEC's disclosure
standards normally do not permit the inclusion of information
concerning "measured mineral resources”, "indicated mineral
resources” or "inferred mineral resources” or other descriptions of
the amount of mineralization in mineral deposits that do not
constitute "reserves” by U.S. standards in documents filed with the
SEC. Investors are cautioned not to assume that any part or
all of mineral deposits in these categories will ever be converted
into reserves. U.S. investors should also understand that
"inferred mineral resources” have a great amount of uncertainty as
to their existence and great uncertainty as to their economic and
legal feasibility. It cannot be assumed that all or any part
of an "inferred mineral resource” will ever be upgraded to a higher
category. Under Canadian rules, estimated "inferred mineral
resources” may not form the basis of feasibility or pre-feasibility
studies except in rare cases. Investors are cautioned not to
assume that all or any part of an "inferred mineral resource”
exists or is economically or legally mineable. Disclosure of
"contained ounces” in a resource is permitted disclosure under
Canadian regulations; however, the SEC normally only permits
issuers to report mineralization that does not constitute
"reserves” by SEC standards as in-place tonnage and grade without
reference to unit measures. The requirements of NI 43-101 for
identification of "reserves” are also not the same as those of the
SEC, and reserves reported by the Company in compliance with NI
43-101 may not qualify as "reserves” under SEC standards.
Accordingly, information concerning mineral deposits set forth
herein may not be comparable with information made public by
companies that report in accordance with U.S. standards.
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