First Mining Gold Corp. (“First Mining” or the
“Company”) (TSX:FF) (OTCQX:FFMGF) (FRANKFURT:FMG)is
pleased to announce the issuance of the final Environmental Impact
Statement (“EIS”) Guidelines from the Canadian Environmental
Assessment Agency (“CEAA” or the “Agency”) for the Company’s
Springpole Gold Project in northwestern Ontario.
The EIS Guidelines are posted on CEAA’s project
registry and can be accessed at
http://www.ceaa-acee.gc.ca/050/evaluations/proj/80149?culture=en-CA
or on the Company’s website at
https://www.firstmininggold.com/projects/springpole-project/. The
final EIS Guidelines outline federal information requirements for
the preparation of the EIS and were prepared taking into
consideration comments received from federal departments, the
Ontario provincial ministry, Indigenous groups and the general
public.
The Company can now proceed with preparation of
the EIS and can begin consultation efforts to support the
Environmental Assessment (“EA”) process, and meet the requirements
of our EIS Guidelines. The Company has already undertaken a
broad range of environmental baseline studies at Springpole to
collect the necessary biophysical data to support the EA and
prepare the EIS. These studies include additional and
continuing fish community and habitat surveys, Species at Risk
surveys, atmospheric environment surveys as well as surface, ground
water and hydrology surveys. These studies are in addition to
the robust baseline data that has been collected at the site since
2011.
Jeff Swinoga, President and CEO of First Mining
stated, “With the EIS Guidelines now in hand, we look forward to
embarking on a series of consultation meetings with the local
communities around our Springpole Gold Project. Through these
consultations we hope to gather valuable feedback and implement the
information we collect into developing the Environmental Impact
Statement. Springpole is one of the largest, undeveloped gold
projects in Canada and we believe that by applying sound
environmental practices and considerate development, we can bring
significant socio-economic benefits to the surrounding
communities.”
ABOUT FIRST MINING GOLD
CORP.
First Mining Gold Corp. is an emerging
development company with a diversified portfolio of gold projects
in North America. Having assembled a large resource base
of 7 million ounces of gold in the
Measured and Indicated categories
and 5 million ounces of gold in the
Inferred category in mining friendly jurisdictions
of eastern Canada, First Mining is now focused on advancing its
assets towards production. The Company currently holds a
portfolio of 25 mineral assets in Canada, Mexico and the United
States.
For further information, please contact Jeff
Swinoga, President and CEO, at 416-816-0424, or Derek Iwanaka, Vice
President of Investor Relations, at 604-639-8824, or visit our
website at www.firstmininggold.com.
ON BEHALF OF FIRST MINING GOLD
CORP.
“Keith Neumeyer”
Keith Neumeyer Chairman
Cautionary Note Regarding
Forward-Looking Statements
This news release includes certain
"forward-looking information” and "forward-looking statements”
(collectively "forward-looking statements”) within the meaning of
applicable Canadian and United States securities legislation
including the United States Private Securities Litigation Reform
Act of 1995. These forward-looking statements are made as of
the date of this news release. Forward-looking statements are
frequently, but not always, identified by words such as "expects”,
"anticipates”, "believes”, “plans”, “projects”, "intends”,
"estimates”, “envisages”, "potential”, "possible”, “strategy”,
“goals”, “objectives”, or variations thereof or stating that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved, or the negative of any of
these terms and similar expressions.
Forward-looking statements in this news release
relate to future events or future performance and reflect current
estimates, predictions, expectations or beliefs regarding future
events and include, but are not limited to, statements with respect
to the Company’s focus on advancing its assets towards
production. All forward-looking statements are based on First
Mining's or its consultants' current beliefs as well as various
assumptions made by them and information currently available to
them. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
Forward-looking statements reflect the beliefs, opinions and
projections on the date the statements are made and are based upon
a number of assumptions and estimates that, while considered
reasonable by the respective parties, are inherently subject to
significant business, economic, competitive, political and social
uncertainties and contingencies. Many factors, both known and
unknown, could cause actual results, performance or achievements to
be materially different from the results, performance or
achievements that are or may be expressed or implied by such
forward-looking statements and the parties have made assumptions
and estimates based on or related to many of these factors.
Such factors include, without limitation; fluctuations in the spot
and forward price of gold, silver, base metals or certain other
commodities; fluctuations in the currency markets (such as the
Canadian dollar versus the U.S. dollar); changes in national and
local government, legislation, taxation, controls, regulations and
political or economic developments; risks and hazards associated
with the business of mineral exploration, development and mining
(including environmental hazards, industrial accidents, unusual or
unexpected formations, pressures, cave-ins and flooding); the
presence of laws and regulations that may impose restrictions on
mining; employee relations; relationships with and claims by local
communities, indigenous populations and other stakeholders;
availability and increasing costs associated with mining inputs and
labour; the speculative nature of mineral exploration and
development; title to properties.; and the additional risks
described in the Company’s Annual Information Form for the year
ended December 31, 2017 filed with the Canadian securities
regulatory authorities under the Company’s SEDAR profile at
www.sedar.com, and in the Company’s Annual Report on Form 40-F
filed with the SEC on EDGAR.
First Mining cautions that the foregoing list of
factors that may affect future results is not exhaustive.
When relying on our forward-looking statements to make decisions
with respect to First Mining, investors and others should carefully
consider the foregoing factors and other uncertainties and
potential events, and should not place undue reliance on the
forward-looking statements and information contained in this news
release. First Mining does not undertake to update any
forward-looking statement, whether written or oral, that may be
made from time to time by the Company or on our behalf, except as
required by law.
Cautionary Note to United States
Investors
This news release has been prepared in
accordance with the requirements of the securities laws in effect
in Canada, which differ from the requirements of U.S. securities
laws. Unless otherwise indicated, all resource and reserve
estimates included in this news release have been prepared in
accordance with National Instrument 43-101 Standards of Disclosure
for Mineral Projects ("NI 43-101”) and the Canadian Institute of
Mining, Metallurgy, and Petroleum 2014 Definition Standards on
Mineral Resources and Mineral Reserves. NI 43-101 is a rule
developed by the Canadian Securities Administrators which
establishes standards for all public disclosure an issuer makes of
scientific and technical information concerning mineral
projects. Canadian standards, including NI 43-101, differ
significantly from the requirements of the United States Securities
and Exchange Commission ("SEC”), and mineral resource and reserve
information contained herein may not be comparable to similar
information disclosed by U.S. companies. In particular, and
without limiting the generality of the foregoing, the term
"resource” does not equate to the term "reserves”. Under U.S.
standards, mineralization may not be classified as a "reserve”
unless the determination has been made that the mineralization
could be economically and legally produced or extracted at the time
the reserve determination is made. The SEC's disclosure
standards normally do not permit the inclusion of information
concerning "measured mineral resources”, "indicated mineral
resources” or "inferred mineral resources” or other descriptions of
the amount of mineralization in mineral deposits that do not
constitute "reserves” by U.S. standards in documents filed with the
SEC. Investors are cautioned not to assume that any part or
all of mineral deposits in these categories will ever be converted
into reserves. U.S. investors should also understand that
"inferred mineral resources” have a great amount of uncertainty as
to their existence and great uncertainty as to their economic and
legal feasibility. It cannot be assumed that all or any part
of an "inferred mineral resource” will ever be upgraded to a higher
category. Under Canadian rules, estimated "inferred mineral
resources” may not form the basis of feasibility or pre-feasibility
studies except in rare cases. Investors are cautioned not to
assume that all or any part of an "inferred mineral resource”
exists or is economically or legally mineable. Disclosure of
"contained ounces” in a resource is permitted disclosure under
Canadian regulations; however, the SEC normally only permits
issuers to report mineralization that does not constitute
"reserves” by SEC standards as in-place tonnage and grade without
reference to unit measures. The requirements of NI 43-101 for
identification of "reserves” are also not the same as those of the
SEC, and reserves reported by the Company in compliance with NI
43-101 may not qualify as "reserves” under SEC standards.
Accordingly, information concerning mineral deposits set forth
herein may not be comparable with information made public by
companies that report in accordance with U.S. standards.
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