Microsoft Word - NR 2015 - 17 Update on Appeal Kenyan Court of Appeal
TSX VENTURE EXCHANGE: TSXV-PAW
Update on Cortec's Appeal in Kenya's Court of Appeal
July 15, 2015 News Release 2015 - 17
Vancouver, BC, Canada: Pacific Wildcat Resources Corp. (TSXV-PAW) ("PAW" or the "Company") wishes to report that further to the Company's press release of 11 May 2015 and titled "Update on Cortec's Appeal in Kenya's Court of Appeal"
The Company's Kenyan Counsel attended the Kenyan Court of Appeal on the 13th of July
2015. Both the 1st and 2nd Respondents in the matter filed objections to the Cortec Mining
Appeal Application and Application for Injunction. These objections and the Company's response were all heard by the Court of Appeal, on the day.
The Court of Appeal directed that it will deliver its decision in this matter on 25th September
2015 at 9.00 am.
The Company will provide further updates as information comes to hand from the Kenyan
Counsel.
ON BEHALF OF THE BOARD OF DIRECTORS OF PACIFIC WILDCAT RESOURCES CORP.
"Don O'Sullivan", President & CEO
Contact information:
Terese Gieselman
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 holds 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. With the Mining Licenses revoked by the Cabinet Secretary, Ministry of Mines in 2013, the Company commenced legal action against the Cabinet Secretary, Ministry of Mines and others. Following an initial unsuccessful legal action the matter is now before the Kenyan Court of Appeal. 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 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.
lnvestors are cautioned that trading in the securities of Pacific Wilc/cat Resources Corp. shou/d be consic/ered high/y speculative. The TSX Venture Exchange has neither approved nor disapproved the contents of this press re/ease. Neither TSX Venture Exchange nor its Regu/ation Services Provic/er (as that term is defined in the policies of the TSX Venture Ex.change) accepts responsibility for the adequacy or accuracy of this re/ease. Cautionary note: This press re/ease may contain forwarc/ /ooking statements on matters such as cash flaw, capita/ expenditures, work programs, the estimation of minerai resources and the Company's plans with respect to the exp/oration and deve/opment of its projects and its investment plans regarc/ing TSX Venture Exchange approva/ and the completion of financing activities. By their nature, forwarc/ /ooking statements invo/ve risk and uncertainties because they re/ate to events and c/epend on factors that wi/1 or may occur in the future. Actua/ results may vary
depenc/ing upon exp/oration activities, inc/ustry production, commodity demand and pricing, currency exchange rates, and a
number offactors, including regu/atory matters, meta/s 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 orc/er to commence mining operations at the Mrima Hi/1 Project.