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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (38419)	6/11/2009 5:42:54 PM
From: LoneClone	Read Replies (1) \| Respond to of 194794

Pebble Creek Mining Ltd. Obtains Environmental Clearance and Stage One Forest Clearance at Askot Project, India Thu Jun 11, 1:02 PM ca.news.finance.yahoo.com TSX-V: PEB VANCOUVER and NEW DELHI, India, June 11 /CNW/ - Pebble Creek Mining Ltd. (the "Company" or "Pebble Creek") is pleased to announce that it has received final Environmental Clearance from the Indian Ministry of Environment and Forests for commercial production on its Askot project. The Company also announces that the Askot project has received Stage I Forest Clearance after a hearing by the state of Uttarakhand's Forest Department. The Company can now proceed to file an application for Stage II Forest Clearance, the last permit before final grant and execution of a 30-year Mining Lease. The Company will work to the highest standards to preserve the natural beauty of the Askot area, located in the scenic forested foothills of the Himalayas. Criteria for final clearance include adequate compensation for the trees removed from the mine site, an approved plan to reforest nearby areas and a program to protect local wildlife. The Company has been drafting such plans for many months with the advice of Forest Department field officers. The Company is also engaged in discussions with an Asian copper company regarding financing for additional drilling and a feasibility study of the Askot project. About Pebble Creek. The Company is concentrating on developing the high-grade Askot copper, zinc and lead deposit, with some gold, silver and indium, in Uttarakhand State, India. Askot is projected to be an environmentally friendly underground mine. With a thorough knowledge of India after 14 years in country, the Company is well positioned to carry out this project and others in the acquisition pipeline. This news release contains forward-looking statements that address future events and conditions and are subject to various risks and uncertainties. The Company's actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in commodity prices; currency fluctuations; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. 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. Contacts Andrew Nevin President & CEO New Delhi tel. +91 98 1091 0678 Mike Romanik Investor Relations Verenex Capital Corp. Brandon Manitoba tel. (204) 724-0613