Polaris Minerals Wins BC Safety Award for Zero Lost Time Accidents in 2008
May 26, 2009
Polaris Minerals Corporation is pleased to announce that its subsidiary company, Orca Sand & Gravel Ltd., has been selected by the BC Ministry of Energy, Mines and Petroleum Resources as a recipient of the 2008 Stewart/O'Brian Safety Award for having zero lost time accidents during the year.
Herb Wilson, President and CEO, Polaris Minerals Corporation, said: "Safety is our number one priority, and we are pleased there were no lost time accidents during 2008, a year in which we doubled production at the Orca Quarry to 2.4 million tons. Staying safe requires vigilance, effort and investment at all levels of the organization, and receiving this award for a second time is a testament to the quality and professionalism of our team".
Polaris Minerals Corporation is exclusively focused on the development of construction aggregate quarries and marine receiving terminals on the west coast of North America to meet growing local supply deficits of construction aggregates in urban markets. In 2007, Polaris began shipping sand and gravel from the Orca Quarry to San Francisco Bay, Vancouver, and Hawaii.
For more information, please contact:
Herb Wilson, President and CEO
Mike Westerlund, Director, Corporate Development
Polaris Minerals Corporation
Cautionary Note Regarding Forward-Looking Statements
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 "Risk Factors" in the Company's final prospectus dated December 31, 2008, which is filed with Canadian regulators on SEDAR (www.sedar.com). Except as required by law, 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.