Polaris Wins B.C. Safety Award for Zero Lost-Time Accidents in 2006
April 17, 2007
VANCOUVER, British Columbia – Polaris Minerals Corporation (TSX:PLS) is pleased to announce that its subsidiary company, Orca Sand & Gravel Ltd., has been selected by the B.C. Ministry of Energy, Mines and Petroleum Resources as a recipient of the prestigious 2006 Stewart O'Brian Safety Award.
The award was presented by Kevin Krueger, Minister of State for Mining, during the annual Mine Safety Awards held in Victoria on April 16, 2007. Each year, the Stewart O'Brian Safety Award is granted to operations with the lowest injury frequency rate in B.C. The Orca Quarry, located near Port McNeill, B.C. had zero lost-time accidents during its construction in 2006 while accumulating more than 100,000 worker hours.
Herb Wilson, Polaris' Senior Vice President and COO said: "Since the very beginning of this project we have made safety our number one priority, and we are extremely pleased to have completed the construction of the Orca Quarry without a lost-time accident. To have achieved this, with a mix of employees and contractors that over the ten and a half month construction schedule often numbered more than 100 people, is a testament to the quality and professionalism of the team at the Orca Quarry."
Polaris Minerals Corporation is exclusively focused on the development of quarries and the production of construction aggregates in British Columbia for marine transport to urban markets on the west coast of North America to meet growing local supply deficits.
For further information, please contact:
Marco Romero, President & CEO or
Mike Westerlund, Director, Corporate Development
Polaris Minerals Corporation
Tel: (604) 915-5000
Web site: www.polarmin.com
This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws. These statements and information appear in this document and include estimates, forecasts, information and statements as to management's expectations with respect to, among other things the future financial or operating performance of the Company, costs and timing of the development of the construction aggregate quarry, the timing and amount of estimated future production, costs of production, capital and operating expenditures, requirements for additional capital, government regulation of quarrying operations, environmental risks, reclamation expenses, and title disputes. Often, but not always, forward-looking statements and information can be identified by the use of words such as "may", "will", "should", "plans", "expects", "intends", "anticipates", "believes", "budget", and "scheduled" or the negative thereof or variations thereon or similar terminology. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Readers are cautioned that any such forwardlooking statements and information are not guarantees and there can be no assurance that such statements and information will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed under the heading "Risks and Uncertainties" in the Company's Annual Report and under the heading "Risk Factors" in the Company's Annual Information Form (AIF) in respect of its financial year-ended December 31, 2005, both of which are filed with Canadian regulators on SEDAR ( www.sedar.com ). The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements and information whether as a result of new information, future events or otherwise. All written and oral forward-looking statements and information attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements.