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| October 02, 2008 Silver Hart Mine Application Deemed Complete | |
| Vancouver, B.C.: CMC Metals Ltd. (the "Company") is pleased to announce that it has received confirmation that the Silver Hart Mine Application has been deemed complete by the Yukon Environmental Socio-economic Assessment Board (YESAB). This is a significant milestone for the approval process at the Silver Hart Mine project. President and CEO of the Company commented "We are very pleased to see the application deemed complete. We can now focus our efforts to ensure the Silver Hart Mine development comes to fruition by implementing our project management plans. With CMC's business philosophy focused on developing high grade silver and base metal deposits such as the Silver Hart Mine project, this will provide a significant opportunity to investors looking at managing their risk exposure during these difficult market conditions." The application was deemed complete August 28th, 2008 which requires YESAB to present project recommendations in a Decision Document to the Yukon Government (YG) by October 28th, 2009. YG can than issue development permits to construct the mine and mill infrastructure after receiving the Decision Document. A Class B Water license will be applied for the milling operation upon receipt of the YESAB Decision Document. Based on current approval schedules, mill commissioning and full production could take place as soon as mid 2009. This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents. The technical information herein has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Donald Wedman, P.Eng., President and Chief Executive Officer for CMC Metals Ltd., a qualified person under National Instrument 43-101. On behalf of the Board: "Don Wedman" Don Wedman, P.Eng. CEO CMC METALS LTD. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. | |
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