/NOT FOR DISSEMINATION IN THE UNITED
STATES OR OVER THE UNITED
STATES NEWSWIRE SERVICES./
VANCOUVER, April 1, 2014 /CNW/ - Discovery Harbour Resources
Corp (51% owner & Operator of the Wabassi Project, Northwestern Ontario) ("DHR" or the "Company")
(TSX-V:DHR) is pleased that a framework agreement was entered on
March 26, 2014, between the nine
Matawa-member First Nations and the Province of Ontario to move forward with a negotiation
process on a community-based regional approach to development in
the Ring of Fire mineral province. This will include development of
an access corridor which is planned to pass through the Wabassi
Joint Venture's claim group located between Eabametoong and
Marten Falls settlements.
"We are encouraged that the initial step has
been taken between the two groups. We understand that numerous
logistical and political challenges lie ahead, but that the
infrastructure development to serve the northwestern Ontario First
Nations communities and the Ring of Fire will stand as a monumental
benefit to all of Ontario, once
completed," said Frank Hegner,
President and CEO of the Company. "We believe that perseverance and
fairness in these negotiations with all concerned will ultimately
result in a very positive outcome."
Discovery Harbour and its joint venture
partners, Northern Shield Resources (TSX-V: NRN) and Great Lakes
Resources, a private company, completed their fall, 2013
exploration program in December 2013.
To-date, the group has discovered two polymetallic VMS
(volcanogenic massive sulfide) systems and two shear zone-hosted
gold systems with 32 exploration drill holes. Twenty-two untested
priority massive sulfide targets remain to be explored (see
Discovery Harbour press release dated October 11, 2013). www.sedar.com
Mr. Hegner comments further stating,
"Importantly, the proposed route to the Ring of Fire bisects the
property and the group's claims block contains approximately 11.8
kilometers of the proposed route. Although DHR may have other
options for the development of these and future discoveries within
Wabassi, the construction of the planned infrastructure will
benefit our assets there tremendously."
Michael J. Senn, a licensed
professional geologist, is the Qualified Person for Discovery
Harbour Resources as described in National Instrument 43-101 and is
responsible for the technical contents of this release.
ON BEHALF OF THE BOARD OF DISCOVERY HARBOUR
RESOURCES CORP.
"Bruno
Hegner"
Frank D. (Bruno) Hegner
President, CEO, Corporate Secretary and Director
Disclaimer for Forward-Looking
Information
Except for statements of historical fact, this
news release contains certain "forward-looking information" within
the meaning of applicable securities law. Forward-looking
information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate"
and other similar words, or statements that certain events or
conditions "may" occur. Forward-looking information in this press
release includes, but is not limited to, statements regarding
expectations of management regarding development in the Ring of
Fire, negotiations between the Province of Ontario and the Matawa First Nations regarding
development of the Ring of Fire, impact of the framework agreement
between the Province of Ontario
and the Matawa First Nations on the Company, its joint venture
partners and their Wabassi Project, and the proposed route and
infrastructure in the Ring of Fire. Although the Company believes
that the expectations reflected in the forward-looking information
are reasonable, there can be no assurance that such expectations
will prove to be correct. Such forward-looking statements are
subject to risks and uncertainties that may cause actual results,
performance or developments to differ materially from those
contained in the statements including, without limitation, the
risks that the negotiations between the Province of Ontario and the Matawa First Nations may not
be competed as expected or at all, that the framework may not have
a positive impact on the Company, its joint venture partners and
their Wabassi Project, that the infrastructure in the Ring of Fire
may not be developed as proposed or at all, that there may be other
impediments to the development of infrastructure in and the
development of the Ring of Fire that are not referenced in this
news release or presently contemplated by the Company, and such
other factors beyond the control of the Company. Except as required
by law, the Company expressly disclaims any obligation, and does
not intend, to update any forward-looking statements or
forward-looking information in this news 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.
SOURCE Discovery Harbour Resources Corp.