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To: Veteran98 who wrote (202490)8/31/2011 9:25:55 AM
From: Veteran98  Read Replies (1) | Respond to of 312866
 
PAW... Pacific Wildcat signs MOU with locals for Mrima Hill

2011-08-31 07:16 MT - News Release



Mr. Darren Townsend reports

PAW SIGNS CONDITIONAL MEMORANDUM OF UNDERSTANDING WITH COMMUNITY GROUP

Pacific Wildcat Resources Corp. has entered into a conditional Memorandum of Understanding ("MOU") with the Kaya Mrima Self Help Group ("KMSHG"). The KMSHG is registered with the Ministry of Home Affairs, National Heritage and Sports and the Ministry of Gender and Children Affairs in Kenya as an organization representing the local community at Mrima Hill including the villages surrounding the Mrima Hill Niobium and Rare Earth Deposit. The parties are to prepare and sign a formal agreement within a period of three months.

The terms of the MOU are confidential but are typical of community agreements in providing benefits for the community whilst Cortec Mining Kenya ("CMK") with technical assistance from PAW undertake exploration activities at the Mrima Hill property in Kenya and also complete all such activities as necessary to seek approval for a Mining License ("ML"). Such ML will be subject to normal application process including completion of an Environmental Impact Assessment and ML Application.

This formalizes many months of discussion with the KMSHG and focuses on assisting the Mrima Hill Community with education, health, culture, protection of biodiversity and business development pursuits in conjunction with employment and local contracting opportunities. As part of the formalization of the process the parties will work together with the applicable government agencies to register the entity as the Mrima Hill Trust.

PAW's President Mr. Darren Townsend commented, "We are very pleased to have signed this MOU with the KMSHG. We look forward to working with the community and applicable government agencies in putting in place a formal agreement and the governance structures. We remain firmly committed to working with the community and the Government with a view towards obtaining a Mining License for the Mrima Hill project."

We seek Safe Harbor.