ABORIGINAL INVESTMENT: Cree community invests $600,000 in Nemaska Exploration

QUEBEC — The Nemaska Development Corp., wholly owned by the Cree Nation of Nemaska, has agreed to subscribe up to $600,000 in the capital stock of Nemaska Exploration of Quebec City. The first tranche of $175,000 has been paid the 1.75 million shares have been issued.

Chief Josie Jimiken said, "The objectives of the Nemaska Development Corporation's investment into Nemaska Exploration is to promote the long-term relationship with the company and to give our community the opportunity to actively participate and to be involved in mineral development whenever it involves our community's traditional territory." He added "As far as we know, it is rare for a native community in Canada to make a direct investment in an exploration company that is active on its territory. We hope our approach will offer a new partnership model to aboriginal communities and mining companies throughout Quebec and abroad."

More information is available from Nemaska president Guy Bourassa at 418-580-2320 or bourassag@NemaskaExploration.com