Polaris Wins PDAC Award for Environmental Excellence
January 22, 2007
VANCOUVER, British Columbia - Polaris Minerals Corporation (TSX:PLS) today announced that it has been selected to receive the prestigious e3 Environmental Excellence in Exploration Award by the Prospectors and Developers Association of Canada (PDAC).
The PDAC has selected Polaris to receive this award for "establishing excellent community relations and environmental practices during the exploration and construction of its Orca Quarry near Port McNeill on Vancouver Island. The company set up partnerships with First Nations communities that have enabled bands to have an equity stake in the operation, and two of the largest quarries of their kind in Canada have been successfully permitted with the support and cooperation of the local community. Polaris has also exceeded expectations in its attention to the protection of the environment." More information on Polaris' award winning practices can be viewed at http://www.pdac.ca/pdac/programs/awards/award-winners.html#E3.
Marco Romero, Polaris' President and CEO said: "We are honoured to receive this significant recognition, the company's second major award for environmental and social excellence. Since the creation of Polaris, our team has worked hard to balance business objectives with those of the environment and communities within which it works. It is gratifying to have these efforts recognized. As Polaris develops into one of the largest, most efficient and progressive producers of construction aggregate on the Pacific coast of North America, it will remain our goal to maintain our very high standards of excellence."
The presentation of this award will be made during the PDAC awards evening, to be held at the Fairmont Royal York Hotel, Toronto, on Monday, March 5, 2007.
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 and Chief Executive Officer 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 forward-looking 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.