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Frontenac Ventures reaches agreement with First Nations

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November 30, 2008

In November 2008, two memorandums of understanding were reached in connection with the company's plans to conduct exploratory drilling for uranium in Frontenac County. Agreements were reached among Frontenac Ventures, the Shabot Obaadjiwan First Nation, the Snimikobi First Nation, the Algonquins of Ontario, Frontenac Ventures Corporation and the Ontario Government. Tracy Pratt and Neal Smitheman, partners in Fasken Martineau's Aboriginal Law group, represented Frontenac Ventures in the negotiations.

The MOUs provide a framework and a mechanism for consultation and accommodation respecting on the ground issues during Frontenac's phase one exploration drilling program. Input from, and discussions with, the First Nations respecting Aboriginal values including medicinal plants, wildlife, fish, birds, culturally significant sites and environmental stewardship will be facilitated through membership on a Steering Committee. On the execution of the MOUs, Michael Gravelle, Minister of Northern Development and Mines, said he is "pleased all parties were able to find a workable solution that balances the interests of the Algonquin communities and industry while protecting the environment".