Microsoft Word - 20141024_21 Update on Court Hearing in Kenya's High Court
TSX VENTURE EXCHANGE: TSXV-PAW
Update on Cortec's Application in Kenya's High Court
October 24, 2014 News Release 2014-21
Vancouver, BC, Canada: Pacific Wildcat Resources Corp. (TSXV-PAW) ("PAW" or the "Company") wishes to report that further to the Company's press releases of 27 August 2013, titled "Cortec Files an Application in Kenya's High Court", 15 October, 13th November 2013,
18th December 2013, 20th January 2014 and 19th February 2014, 24 March 2014 an 26th June
2014 titled " Update on Cortec's Application in Kenya's High Court", Cortec Mining Kenya Limited's ("Cortec") (PAW indirect 70 % interest) application to the Kenyan High Court was set down for Directions Hearing on the 21 October, 2014.
The Court directed that Republic -vs- The Commissioner of Mines & 8 others, Ex-Parte Basu
Mining Kenya Limited, H.c. ELC No. 359 of 2014 (formerly H.c. Misc. Application No. 331 of
2013)be heard on 13th November, 2014 at 10.30 am.
The Company will provide further details when any material matter arises from the future hearings.
ON BEHALF OF THE BOARD OF DIRECTORS OF
PACIFIC WILDCAT RESOURCES CORP.
"Don O'Sullivan", President & CEO
Contact information:
Pacific Wildcat Resources Corp. Email: [email protected] Telephone: +1-250-768-0009
Pacific Wildcat Resources Corp. website: www.pacificwildcat.com
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 (please note Company's Press Release # 2013-17, on purported revocation of mining licences issued since January 2013 by Kenyan Government for a 60 day review period) to the Mrima Hill Niobium and Rare Earth Project in Kenya. In July 2013 the Company completed an updated independent Niobium Resource estimate for 47.8 million tonnes at 0.66% Nb2O5 (Indicated Classification) plus 94.4 million tonnes at 0.73 % Nb2O5 (Inferred Classification) at a 0.2% Nb2O5 cut-off. In July 2013 the Company completed an inaugural independent Total Rare Earth Resource estimate for 48.7 million tonnes at 4.44% TREO (Indicated Classification) plus 110.7 million tonnes at 3.61 % TREO (Inferred Classification) at a 1% TREO cut-off. 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 www.pacificwildcat.com. More information on the foregoing mineral resource estimates is included in the Company's news release dated July 29, 2013, titled "High Grade and Large Tonnage Niobium and Rare Earth Resource for Mrima Hill" and in the Technical Report dated September 1, 2013, titled "NI 43-101 Technical Report for the Mrima Hill Niobium and Rare Earth Project, Kwale District, Kenya", which is filed on http://www.sedar.com/www.sedar.com and the Company's website. Mr. Benjamin C. Pollard, principal geologist of BMGS Perth Pty Ltd, a qualified person (as defined in NI 43-101) has reviewed and approved the technical information contained in this news release.
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 may contain forward looking statements on matters such as cash flow, capital expenditures, 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 regarding TSX Venture Exchange approval and the completion of financing activities. By their nature, forward looking statements involve risk and
uncertainties because they re/ate to events and depend on factors that wi/1 or may occur in the future. Actua/ results may vary depending upon exp/oration activities, industry production, commodity demand and pricing, currency exchange rates, and a number offactors, including regu/atory matters, metafs prices and, but not limited to, genera/ economie factors. There can be no assurance that the Company wi/1 be ab/e to obtain al/ the permits that are required in order to commence mining operations at the Mrima Hi/1 Project.