Anfield Provides Clarity Regarding Mining Reform News From Guatemala
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/28/12 -- Anfield Nickel Corp. (TSX VENTURE: ANF) ("Anfield") today wishes to clarify recent media reports regarding proposed mining law reforms in Guatemala.
Anfield is aware that certain media reports have published statements that the President of Guatemala has introduced a proposal for reform of 55 articles of the Constitution of Guatemala, including a proposal for the government to have the right to acquire up to 40 percent of companies which exploit natural resources in Guatemala.
Such media reports have proven to be erroneous. Guatemala's Minister of Energy and Mines, Raul Archila, has confirmed that the government's intention is not to nationalize or otherwise seize an interest in natural resource projects in Guatemala such as Anfield's 100% owned Mayaniquel nickel laterite project in eastern Guatemala ("Mayaniquel").
Anfield's Chair David Strang commented, "We are pleased that the government of Guatemala has clarified its position that existing mineral projects will not be subject to expropriation, and look forward to ongoing development at Mayaniquel."
Anfield remains committed to development of Mayaniquel and will continue to monitor the political and economic climate in Guatemala.
David Strang
CAUTION REGARDING FORWARD LOOKING INFORMATION: Information and statements in this news release that are not historical facts are "forward-looking information" within the meaning of the applicable Canadian securities legislation. This news release contains forward-looking information such as estimates and statements that describe Anfield's future plans, objectives or goals, including words to the effect that Anfield or management expects a stated condition or result to occur. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might" or "will be taken", "occur" or "be achieved". Examples of forward-looking information in this news release include, but are not limited to statements with respect to proposals by the Government of Guatemala to the constitution of Guatemala, proposals by the Guatemalan Ministry of Energy and Mines, the effect of such changes on Anfield and Mayaniquel and Anfield's plans and expectation for Mayaniquel.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Anfield Nickel Corp. to be materially different from those expressed or implied by such forward-looking information, including but not limited to: changes in national and local government, legislation, taxation, controls or regulations and political or economic developments in Guatemala, risks related to whether the Guatemalan government will deny extensions and reapplications of exploration licences or an application for an exploitation licence, risks related to the loss of licences, mineral resources and/or exploration licences with resource targets on them, uncertainty regarding the timing of events including the completion of an updated mineral resource estimate and prefeasibility study, future prices of commodities, currency fluctuations, and uncertainties as well as those factors discussed in the sections relating to risk factors of our business filed in Anfield Nickel Corp.'s required securities filings on SEDAR. Although Anfield Nickel Corp. has attempted to identify important factors and risks that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.
There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Anfield Nickel Corp. does not undertake to update any forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contacts:
Anfield Nickel Corp.
David Strang
+ 604 646-1899
+604 687-7041 (FAX)