VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2011) - Pacific Wildcat Resources Corp. (TSX VENTURE:PAW) ("PAW" or the "Company") -
The article published this morning, 8th September 2011, in the Daily Nation newspaper of a site dispute by Kaya Mrima Self Help Group and Cortec Mining refers to a court action brought by Kaya Mrima Self Help Group on 12 August 2011 at the High Court Mombasa.
This matter was withdrawn by mutual consent by Kaya Mrima Self Help Group on 22 August 2011 at Mombasa High Court.
Amicable agreements were reached between all parties and the concerns of the communities were addressed at public meetings over the past two weeks, taken at all affected villages in the area.
The project now has the approval of Kaya Mrima Self Help Group and all local villages with cooperation agreements entered into with all parties.
There is no injunction in place stopping exploration or drilling and no order restraining the commissioner of Mines and Geology from extending the licence given to Cortec Mining Kenya Limited.
The press article refers to an action taken and surpassed by the Memorandum of Understanding referred to in News Release 2011-8 of August 31 2011.
A retraction notice has been requested of the Nation for the erroneous press release.
All exploration work continues on Mrima Hill.
ON BEHALF OF THE BOARD OF DIRECTORS OF PACIFIC WILDCAT RESOURCES CORP.
Darren Townsend, President
Investors are cautioned that trading in the securities of Pacific Wildcat Resources Corp. should be considered highly speculative.
Cautionary note: This press release contains forward looking statements, particularly those regarding cash flow, capital expenditures, work programs, the estimation of mineral resources and the Company's plans with respect to the exploration and development of its projects and its investment plans. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. There can be no assurance that the Company will be able to obtain a mining licence or any of the permits that are required in order to commence mining operations at the Mrima Hill Project.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither 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.