Natural Resources

Minister promoting province at mining conference in Toronto (09/03/04)

NB 266

March 4, 2009

TORONTO (CNB) - The message that New Brunswick is the place to be for any company exploring for minerals in Canada will be delivered in Toronto this week by Natural Resources Minister Wally Stiles at the annual conference of the Prospectors and Developers Association of Canada.

An estimated 18,000 delegates from more than 100 countries are attending the event, which is billed as the best exhibition for minerals exploration in the world.

"This is a great opportunity to let the world know about the mineral potential that exists in New Brunswick," Stiles said. "Our province has a long and strong track record of producing world-class mining deposits, and there's still plenty out there to be discovered."

During meetings with mining companies, Stiles has been telling them about the province's move to an on-line, electronic map-staking system that will allow anyone with a computer to stake a claim from anywhere in the world.

The NB e-CLAIMS system is scheduled to come online Jan. 1, 2010, at a projected cost of about $1 million.

The Toronto stop is the second showcase for New Brunswick mineral, oil and gas exploration potential in the past month. Last month, he participated in the NAPE Expo in Houston, Texas, to promote the province's oil and gas potential.

New Brunswick's mineral industry directly employs more than 3,000 people. In 2008, the exploration industry invested $82 million in New Brunswick, searching for metallic minerals, oil and natural gas, up from $68 million that companies spent in 2007.

09/03/04

MEDIA CONTACT: Matt Jones, communications, Natural Resources, 506-453-2614, e-mail, matt.jones@gnb.ca.

09/03/04