Canada Fluorspar Inc. (TSX VENTURE:CFI) (the "Company") today reported its
financial results for the three month period ending March 31, 2011. Copies of
these documents may be obtained via www.sedar.com.


In a press release dated June 15, 2011 the Company announced a joint agreement
with Arkema ("Arkema") (PA:AKE) to finance the re-activation of CFI's fluorspar
project located in St. Lawrence, Newfoundland, Canada. On June 27, 2011 the
Company announced the completion of the initial investment by Arkema related to
the joint agreement.


ABOUT CANADA FLUORSPAR INC.

The Company is a specialty mineral resource company engaged in the development
and production of fluorspar deposits at its property located in St. Lawrence,
Newfoundland, Canada, and is moving forward to reactivate existing underground
fluorspar mines, expand an existing mill, construct a new, environmentally-sound
Tailings Management Facility and build a new deep-water marine terminal in the
outer St. Lawrence Harbor for the export of fluorspar concentrate product.


For more information please see: www.canadafluorspar.com.

This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States of America. The
securities have not been and will not be registered under the United States
Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws
and may not be offered or sold within the United States or to U.S. Persons (as
defined in the U.S. Securities Act) unless registered under the U.S. Securities
Act and applicable state securities laws, or an exemption from such registration
is available.


Advisory Regarding Forward Looking Statements

This press release contains forward-looking statements which include, but are
not limited to: anticipated timing for completion of metallurgical testing, the
Company's feasibility study and pilot plant testing, obtaining financing to
continue with construction on the Company's St. Lawrence property, current
development and operating objectives and outlook, expectations, opinions,
forecasts, projections, guidance or other statements that are not statements of
fact. Although the Company believes that the expectations reflected in such
forward-looking statements are reasonable, it cannot give any assurance that
such expectations will prove to be correct. Results of the Company may be
affected by a variety of variables and risks associated with mining development,
such as loss of market, volatility of commodity prices, currency fluctuations,
imprecision of reserve estimates, environmental risks, competition from other
producers, ability to access sufficient debt and equity capital from internal
and external sources, ability to generate sufficient cash flow to meet its
current and future obligations, regulatory approvals affecting construction and
mining operations and continued demand for fluorspar. As a consequence, actual
results could differ materially from those anticipated or implied in the
forward-looking statements.


The Company's forward-looking statements are expressly qualified in their
entirety by this cautionary statement and are made as of the date of this news
release. Unless otherwise required by applicable securities laws, the Company
does not intend nor does it undertake any obligation to update or review any
forward-looking statements to reflect subsequent information, event, results or
circumstances or otherwise.
Califfi Capital (TSXV:CFI)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Califfi Capital Charts.
Califfi Capital (TSXV:CFI)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Califfi Capital Charts.