West Vancouver, British Columbia – May 8, 2017 – Rainy Mountain Royalty Corp. (the “Company” or “Rainy Mountain”) is very pleased to announce that it has concluded a Memorandum of Understanding (the “MOU”) with the Mattagami First Nation ("Mattagami") in connection with the Company's optioned gold exploration property project (the “Brunswick Property”) located in the Timmins area of Ontario.
The MOU establishes the desire of the Mattagami First Nation and Rainy Mountain to work together, creating a long-term, mutually beneficial, co-operative and respectful relationship in the spirit of social, environmental, cultural, and economic well-being. In accordance with the MOU, Rainy Mountain has agreed to provide certain benefits and to provide employment and service related opportunities to Mattagami, and in return, Mattagami has agreed to support the Company’s exploration of the Brunswick Property. The MOU will cover the exploration phase of the Company's Brunswick Property project and also outlines a framework for collaboration on prevention, mitigation remediation and accommodation for environmental impacts which may result from exploration activities.
Chief Chad Boissoneau of the Mattagami First Nation states, “Mattagami First Nation takes pride in the fact that we are working effectively with industry to both ensure respect for our traditional and treaty rights, and to create opportunities for social, environmental and economic participation. The signing of the MOU for the Brunswick Property project with Rainy Mountain reflects the beginning of a progressive relationship. The MOU illustrates the willingness of our First Nation to work alongside mineral exploration companies who demonstrate a commitment to social and environmental responsibility, as well as respect for our lands and rights. I would like to acknowledge and thank former Chief of Mattagami First Nation, Walter Naveau, and our Lands and Resources Department for facilitating the process.”
Douglas Mason, Chief Executive Officer of Rainy Mountain Royalty Corp. states, "The Company is extremely pleased to have been able to conclude a favourable MOU with the Mattagami First Nation and we believe that this Agreement will bring economic opportunities to the region and will provide certainty for the Company's Brunswick Property project in a manner which is respectful of Mattagami’s traditional territory and its aboriginal and treaty rights."
For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922-2030 or visit the Company’s website at www.rmroyalty.com
RAINY MOUNTAIN ROYALTY CORP.
“Douglas L. Mason”
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Douglas L. Mason, Chief Executive Officer
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