Environment

Environmental impact assessment final guidelines issued for Geodex Minerals Ltd. (09/03/09)

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March 9, 2009

FREDERICTON (CNB) - Final guidelines for a comprehensive environmental impact assessment (EIA) on a proposal by Geodex Minerals Ltd. to build and run an open pit molybdenum and tungsten mine are now available.

"I am pleased to make these final guidelines available to the public as the next step in this important EIA process," said Environment Minister Roland Haché said.

Copies of the final guidelines may be obtained online, or at either of the Department of Environment offices in Fredericton: Marysville Place, 20 McGloin St.; or 565 Priestman St., Suite 301.

Guidelines for the proposal were released for public review on Dec. 18, 2008, with an opportunity for interested parties to provide feedback to the department until Jan. 30, 2009.

Geodex Minerals Ltd. must now prepare terms of reference for the EIA study, and submit a copy to the minister for review. This is followed by the completion of an EIA report, which includes an analysis of the elements identified in the final guidelines, and follows the procedures set out in the terms of reference.

A review committee composed of technical experts from various provincial and federal agencies will undertake a technical analysis of the report, and prepare a general review statement. Once it is determined that the report adequately meets the final guidelines, copies of the general review statement and a summary of the EIA report prepared by the department will be made available to the public in advance of a required public meeting. All of this will take place before a government decision on the proposal.

Geodex Minerals Ltd. proposes to build the mine near Napadogan, York County. The project was registered on Sept. 5, 2008.

The project would include the development, operation and ultimate reclamation of an open pit molybdenum and tungsten mine with an on-site ore-processing facility to produce mineral concentrates. The plant would produce 20,000 tonnes of ore per day, operate 343 days per year, and employ about 300.

09/03/09

MEDIA CONTACT: Jennifer Graham, communications, Department of Environment, 506-453-3700.

09/03/09