PUBLIC COMMENT PERIOD ANNOUNCED FOR THE RAVEN UNDERGROUND COAL MINE PROJECT
TSX-V TRADING SYMBOL: CEC
VANCOUVER, May 11 /PRNewswire-FirstCall/ - Compliance Energy Corporation ("Compliance" or the "Company") is pleased to report that the Canadian Environmental Assessment Agency ("CEAA") and the B.C. Environmental Assessment Office ("BC EAO") have announced a public review and comment period of forty days commencing on May 18, 2011 regarding the draft Application Information Requirements ("AIR")/Environmental Impact Statement ("EIS") Guidelines for the Raven Underground Coal Mine Project (the "Raven Project"), which has been drafted on behalf of the Company's subsidiary Compliance Coal Corporation, doing business as the Comox Joint Venture.
The draft AIR/EIS Guidelines reflects approximately 2 years of engagement with First Nations groups, and consultation with community constituents, municipal governments, environmental groups, government departments and agencies, the business community, other stakeholders, the CEAA and the BC EAO.
The Raven Underground Coal Mine Project is subject to review under the Canadian Environmental Assessment Act and British Columbia's Environmental Assessment Act. An electronic copy of the draft AIR/EIS Guidelines and information regarding the environmental assessment process is available at www.ceaa-acee.gc.ca and at www.eao.gov.bc.ca.
John Tapics, President and CEO of Compliance stated: "Commencement of the public review and comment period for the draft AIR/EIS Guidelines is another significant milestone for the Raven Underground Coal Mine Project. This important document outlines what the Comox Joint Venture must include in its applications for environmental certification and approval. The Raven Project can be developed in an environmentally and socially responsible manner."
The public comment period on the draft AIR/EIS guidelines will be from May 18, 2011 until June 27, 2011 and will include three public meetings. After that, after taking all public comments into consideration and ensuring responses are adequate, the CEAA and the BC EAO will finalize the AIR/EIS Guidelines and issue it. At that point the Comox Joint Venture can begin preparation of its applications for environmental certification and approval.
On behalf of the Board of
COMPLIANCE ENERGY CORPORATION
John Tapics
Chief Executive Officer
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.
FORWARD-LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, future mineral exploration activities, future business strategy, competitive strengths, goals, expansion, growth of the Company's businesses, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "planned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements are based on a number of material factors and assumptions, including the receipt of necessary regulatory approvals, that counterparties to material agreements will duly perform their obligations there under, the results of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of minerals; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the company's publicly filed documents. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
SOURCE Compliance Energy Corporation
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