(via Thenewswire.ca)
Vancouver, British Columbia / TheNewswire / August 4, 2015, - Canadian International Minerals Inc. ("CIN", the "Company") (TSXV: CIN) is pleased to announce that the government of Saskatchewan has granted regulatory relief for four of the Company's diamond properties in northern Saskatchewan. The regulatory decision follows government reviews and legal submissions made by the Company with respect to the forest fire situation in Saskatchewan. The relief granted through this regulatory decision is equivalent to over $1.6 million in exploration expenditures.
Saskatchewan Diamond Properties
Canadian International Minerals Inc. holds an interest in over 115,074 hectares ("ha") of mineral claims proximal to the Pikoo diamond discoveries in northern Saskatchewan. These claims have been broken down into the following groups:
Reindeer: CIN owns 25% of the 67,370 ha properties. Regulatory relief has been granted, and these claims are now valid until November 2016.
Leader: CIN owns 100% of the 13,408 ha properties. Regulatory relief has been granted, and these claims are now valid until April 2017.
Bigstone: CIN owns 100% of the 25,102 ha properties. Regulatory relief has been granted, and these claims are now valid until March 2017.
Three Amigos: CIN owns 50% of the 4,871 ha property. Regulatory relief has been granted, and these claims are now valid until February 2017.
Pikoo Extension: CIN owns 100% of the 4,322 ha properties, with a portion of the properties under 70% option to North Arrow Minerals Inc. and Stornoway Diamond Corp. No regulatory relief applications were submitted for any of these properties.
About Canadian International Minerals Inc.
Canadian International Minerals Inc. is a junior mining exploration company with diamond properties in Saskatchewan, and copper and rare-earth properties in British Columbia.
For further information, please contact:
Canadian International Minerals Inc.
Michael E. Schuss
President and CEO
Phone: 604-241-2254
Website: www.cin-v.com
Forward-looking Information
This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements; the uncertainty of future profitability; and the uncertainty of access to additional capital. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
Neither the 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.
Copyright (c) 2015 TheNewswire - All rights reserved.