Yellowhead Mining Inc. Newsletter #27
Public Listing Process
Yellowhead Mining is pleased to announce that we have entered into a letter agreement with Four Points Capital Corp. (the "Corporation"), a Vancouver based Capital Pool Corporation listed on the TSX Venture Exchange Inc. (the "Exchange") (symbol FPA.P) in respect of the acquisition of Yellowhead by the Corporation (the "Acquisition").
The Acquisition, if completed, will constitute the Corporation's "Qualifying Transaction" under Exchange Policy 2.4. Yellowhead is at arm's length to the Corporation, as such, the acquisition will not be subject to approval of the shareholders of the Corporation.
The full news release on the acquisition is available at www.marketwire.com; search news for FPA.P.
We believe the path to liquidity represented by this transaction will open up new avenues for financing for the company and facilitate the rapid advancement of the project through feasibility and permitting to development and operation.
Management Team Building
Chairman Greg Hawkins is pleased to announce the appointments of Ian Smith as Chief Executive Officer and Director, and Andrew Neale has as Chief Operating Officer, both effective June 11, 2010.
In preparation for the next phase of YMI's development and recognizing the company's evolution from advanced exploration to development, the management team has been expanded and realigned to include two individuals with very strong credentials and experience in planning, building and operating large-scale copper projects world-wide.
Mr. Hawkins states, "It has been a lengthy and challenging process maintaining and realising the value we believe to be inherent in the Harper Creek project for our loyal and patient shareholders. The additions of Ian Smith and Andrew Neale to the development team and their open interest and belief in the project, speaks to our long held view that we control a very significant and valuable resource worthy of development. The unique approach to the structure and development of Yellowhead, the company, has been ably guided by Ron Handford and we look forward to his continued corporate role as Executive Vice President, Corporate Development in seeing the project through".
Ian Smith, CEO
Ian Smith, a mining engineering graduate of the University of Queensland, Australia, has over 40 years experience in corporate, operations, and project management and consulting within the international base, precious metals and coal industries.
He is a director of several public companies and is President and CEO of Santa Fe Metals Corp. More recently he was President and CEO of bcMetals Corp. that had engineered the Red Chris copper/gold porphyry project for development in northwest BC prior to being acquired by Imperial Metals Corp. in February 2007 at a 162% premium over market. Under his leadership, bcMetals completed a Detailed Feasibility Study, completed environmental permitting and arranged $105 million in project debt financing. His involvement with other large scale copper operations at a senior management level include the 90,000 tonnes per day (tpd) Bougainville Copper project in Papua New Guinea and the 72,000 tpd La Caridad mines in Mexico and the Zambian Copperbelt. Mr. Smith was President and founding partner of one of North America's most successful mining industry consulting companies until purchased by Canadian interests in 1995.
Mr. Smith comments, "Harper Creek, currently a 4+ billion pound copper resource with significant upside potential, is literally located in our backyard. Its proximity to supporting infrastructure and its very favourable geography, set in a province where several major mining projects are moving ahead, is expected to make this the easiest major project development that I have been involved with over my 40+ year career in the international mining industry".
Andrew Neale, COO
Mr. Neale has over 20 years of experience in international mine operations, engineering consulting, environmental, community and government relations, and executive experience with large and small companies. Mr. Neale was VP -- Technical Services for Freeport-McMoRan Copper and Gold, including heading up the mill design and project management team for the plant component of expansion of the Grasberg open-pit copper project to 240,000 tonnes/day.
Andrew Neale, comments as follows, "Rarely does one find a great copper project like Harper Creek close to infrastructure in a mining friendly jurisdiction, in a location where environmental and social impacts can be managed effectively, while providing high paying, long-term jobs to members of the local communities. I look forward to working with the Yellowhead Mining team to design, build and commission a world class production facility in the heart of my home province of British Columbia".
Plans for Resource Update
Since our last newsletter, we have engaged Scott Wilson Roscoe Postle Associates Inc. ("Scott Wilson RPA") to provide a new resource estimate and supporting NI 43-101Technical Report on our Harper Creek Project. This report will be used to support the public disclosure and Exchange filings related to the Four Points transaction.
Subsequent to the last resource report update in March 2008, this current update will add data for 22 holes totalling 7,292.94 m. As the resampling of historical Noranda and US Steel drill core is not complete, Scott Wilson RPA will update the copper resource only at this time. As the historical drilling was only analyzed for copper, only copper values were included in the previous resource estimates. All YMI drill core has been analyzed for 30 elements including gold and silver, which when combined with the reanalysis data of historical core, may support inclusion of gold and silver in future resource estimates.
Plan for Preliminary Economic Assessment ("PEA") Update
Following the completion of the resource update, YMI plans to engage an engineering consultant to complete a PEA. The company is now preparing detailed field work and drilling plans, metallurgical testwork, environmental, geotechnical and other plans in anticipation of moving promptly to a full feasibility study following completion of the PEA.
Investor Relations Activities
The Company had a booth at the Kamloops Exploration Group meeting in April 2010. We plan to maintain and build on the active presence we established at trade shows internationally following the anticipated completion of our listing process.
Contact Information:
For further details on Yellowhead Mining Inc., please visit our website at www.yellowheadmining.com or contact:
Ian Smith, Chief Executive Officer
E: info@yellowheadmining.com
T: (604) 273-5597
D: (604) 897 4850
F: (604) 608 3524
W: www.yellowheadmining.com
Disclaimer
No regulatory authority has approved or disapproved the information contained in this newsletter. This newsletter includes certain statements that may be deemed "forward-looking statements". All statements in this newsletter, other than statement of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors should be cautious that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.
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Yellowhead Mining Inc. Newsletter #26
Yellowhead Mining is pleased to provide this update on our activities:
Economic, Financing and Commodities Environment Improving
Since the start of the credit crisis in mid-2008 through late 2009, equity markets have been effectively closed to development-stage base metal companies. From a copper price peak of US$4.10/lb in July 2008, a low of about $1.25/lb was reached in December 2008. The IPO market for development stage base metals projects was essentially closed on the TSX in 2008. During the spring of 2009, equity risk capital started to return to the mining sector with the funding of several precious metal exploration and production companies and base metal producers. Copper has recently surged to over US$3.50/lb, returning our Harper Creek project economics to an attractive range, with significant upside from further metal price improvements.
Equity markets for base metal exploration and development companies are improving with the increased metals prices, and a few financings have been announced for companies at this stage of development. At PDAC 2010, it was apparent strategic buyers of metals and concentrates are looking to secure sources of supply in politically safe regions, and many large international mining companies have stated an intention to make acquisitions in the sector. As other projects in British Columbia are getting permitted and moving ahead, this helps the international perception of B.C. as a desirable location in which to invest. These developments should benefit Yellowhead Mining due to our favourable location, size of resource and technical merits compared to many other copper investment opportunities.
Recent Activities
CME Consultants Inc.'s Phase VI Report
The Phase VI exploration program was undertaken from January 16 through August 15, 2009, with the report being delivered in January 2010. The objectives of this program were to review the history of the geological descriptions of the rocks of the Harper Creek area, both from a regional scale and at a deposit scale and to develop a geological legend that promotes consistency and accuracy in lithological identification during core logging process.
The geological legend defined in CME's report will maintain a consistent field identification of the rocks encountered in drilling of the Harper Creek deposit proper, as well as its environs. Although the legend will be subject to some modification over time as new data and observations are collected, the basic structure has been set up to remain intact and absorb new information or rock types.
Update on Core Resampling Work
Of the 28,682.05 metres of historical drilling in 169 holes in the Harper Creek deposit area, we have recovered approximately 75% of this core.
Historically, under Noranda and US Steel, drill core on the Harper Creek property was only analyzed for copper. In order to establish gold and silver values for these holes, YMI, through CME Consultants, has been reanalyzing historical drill core for multi-elements by total digestion ICP-ES and gold by fire assay with an atomic absorption finish. To September 2008, some 78 holes had been reanalyzed.
In February 2010, CME delivered an update on the results of partial or complete resampling of 28 historical Noranda drill holes with a total length of 2,903.01 metres of core, carried out in 2009. A total of 1,609 samples were analyzed at Eco-Tech Laboratories (Stewart Group) in Kamloops B.C. All results have been merged into an assay database containing all resampled drill core. There are 28 historical holes remaining to be analyzed representing 5,665.93 metres.
Results for gold showed 99 samples with greater than 50 ppb (ranges from 50-550 ppb); one sample was greater than 1,000 ppb but was located outside the deposit envelope and was not assayed. Results for silver showed 140 samples with greater than 2 ppm (ranges from 2-14 ppm).
A map showing location and status of historical core resampling follows.
The following table presents a sample of reanalyzed core results showing copper and precious metals, which support the concept that precious metals should add a minor but meaningful contribution to cash flows from operations.
Updated Cash Flow Model
The Company has updated its internal cash flow model* for a 70,000 tpd operation to incorporate tax impacts. Using a capital expenditure of about CDN$750 million* and metal prices slightly below current levels (copper US$3.35/lb, gold $1,100/oz and silver $17/oz) and a CDN/US exchange rate of 0.98:1, the project's Internal Rate of Return (IRR) and Net Present Value (NPV) are as follows:
(*figures represent Yellowhead Mining estimates and are not NI43-101compliant)
Plans for Resource Update
Subsequent to the last resource report update in March 2008, YMI has data for 22 holes totalling 7,292.94 m drilled by YMI. As these holes and the reanalyzed historical holes noted above collectively are within the established envelope, we do not expect any significant change to the overall tonnage of resource estimate. As many of the recent holes are at closer drill spacing, it may be possible that some tonnage will be upgraded to the Measured category in the next resource estimate.
As the historical drilling was only analyzed for copper, only copper values were included in the previous resource estimates. All YMI drill core has been analyzed for 30 elements including gold and silver, which when combined with the reanalysis data of historical core, may support inclusion of gold and silver in future resource estimates.
As part of the feasibility process, we intend to continue in-fill drilling as a means of generating data to support a partial resource upgrade to Measured category and to have precious metals included in the resource estimate
Plan for Preliminary Economic Assessment (PEA) Update
YMI had substantially completed a NI 43-101 PEA in September 2008 when the global financial crisis hit, rendering the PEA numbers irrelevant. Now that copper has stabilized at levels over US$3/lb, we plan to update the PEA in conjunction with the resource update. Several feasibility studies and PEA's for B.C. projects have been published over the last year, providing us with good proxies for our anticipated capital and operating costs. Based on our attractive infrastructure and tailings configuration and planned throughput of 70,000 tonnes/day, we believe our project will have favourable capital and operating cost efficiencies compared to our peer group. Harper Creek's capital intensity of $10,714/daily tonne of mill capacity is at the low end of our B.C. copper peer group.
Investor Relations Activities
The Company had booths at the Mines and Money show in London UK in December 2009, the Hard Asset Forum in San Francisco in November 2009, the AMEBC RoundUp in Vancouver in January 2010 and PDAC in March 2010. We will also have a booth at the Kamloops Exploration Group meeting in April 2010.
Contact Information:
For further details on Yellowhead Mining Inc., please visit our website at www.yellowheadmining.com or contact:
Ronald Handford, Chief Executive Officer
E: rhandford@yellowheadmining.com
T: (604) 273 5597
F: (604) 608 3524
W: www.yellowheadmining.com
Disclaimer
No regulatory authority has approved or disapproved the information contained in this newsletter. This newsletter includes certain statements that may be deemed "forward-looking statements". All statements in this newsletter, other than statement of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors should be cautious that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.
Economic, Financing and Commodities Environment Improving
Since the start of the credit crisis in mid-2008 through late 2009, equity markets have been effectively closed to development-stage base metal companies. From a copper price peak of US$4.10/lb in July 2008, a low of about $1.25/lb was reached in December 2008. The IPO market for development stage base metals projects was essentially closed on the TSX in 2008. During the spring of 2009, equity risk capital started to return to the mining sector with the funding of several precious metal exploration and production companies and base metal producers. Copper has recently surged to over US$3.50/lb, returning our Harper Creek project economics to an attractive range, with significant upside from further metal price improvements.
Equity markets for base metal exploration and development companies are improving with the increased metals prices, and a few financings have been announced for companies at this stage of development. At PDAC 2010, it was apparent strategic buyers of metals and concentrates are looking to secure sources of supply in politically safe regions, and many large international mining companies have stated an intention to make acquisitions in the sector. As other projects in British Columbia are getting permitted and moving ahead, this helps the international perception of B.C. as a desirable location in which to invest. These developments should benefit Yellowhead Mining due to our favourable location, size of resource and technical merits compared to many other copper investment opportunities.
Recent Activities
- CME Consultants Inc. delivered their Phase VI exploration program report in January 2010.
- Field office work has continued, focussing on re-logging and sampling of historical drill core, and building the geological model needed for upgrade of the resource to include tonnes in the Measured Category and potential inclusion of precious metals in the resource estimate
- The Environmental Assessment process was put on hold pending reactivation of the feasibility process and commencement of significant field work.
- Environmental monitoring has continued with water sampling and climate station recording.
- We held our Annual General meeting on December 14, 2009 where we presented our October 31, 2009 annual audited financial statements.
- The Company maintained an active presence at major industry conferences
CME Consultants Inc.'s Phase VI Report
The Phase VI exploration program was undertaken from January 16 through August 15, 2009, with the report being delivered in January 2010. The objectives of this program were to review the history of the geological descriptions of the rocks of the Harper Creek area, both from a regional scale and at a deposit scale and to develop a geological legend that promotes consistency and accuracy in lithological identification during core logging process.
The geological legend defined in CME's report will maintain a consistent field identification of the rocks encountered in drilling of the Harper Creek deposit proper, as well as its environs. Although the legend will be subject to some modification over time as new data and observations are collected, the basic structure has been set up to remain intact and absorb new information or rock types.
Update on Core Resampling Work
Of the 28,682.05 metres of historical drilling in 169 holes in the Harper Creek deposit area, we have recovered approximately 75% of this core.
Historically, under Noranda and US Steel, drill core on the Harper Creek property was only analyzed for copper. In order to establish gold and silver values for these holes, YMI, through CME Consultants, has been reanalyzing historical drill core for multi-elements by total digestion ICP-ES and gold by fire assay with an atomic absorption finish. To September 2008, some 78 holes had been reanalyzed.
In February 2010, CME delivered an update on the results of partial or complete resampling of 28 historical Noranda drill holes with a total length of 2,903.01 metres of core, carried out in 2009. A total of 1,609 samples were analyzed at Eco-Tech Laboratories (Stewart Group) in Kamloops B.C. All results have been merged into an assay database containing all resampled drill core. There are 28 historical holes remaining to be analyzed representing 5,665.93 metres.
Results for gold showed 99 samples with greater than 50 ppb (ranges from 50-550 ppb); one sample was greater than 1,000 ppb but was located outside the deposit envelope and was not assayed. Results for silver showed 140 samples with greater than 2 ppm (ranges from 2-14 ppm).
A map showing location and status of historical core resampling follows.
The following table presents a sample of reanalyzed core results showing copper and precious metals, which support the concept that precious metals should add a minor but meaningful contribution to cash flows from operations.
Resampled Core Significant Intersections |
||||||
Hole |
Interval (m) |
Cu (ppm) |
Au (ppb) |
Ag (ppm) |
||
From |
To |
Length |
||||
NH-4 |
123.98 |
130.45 |
6.47 |
5,153 |
41 |
4 |
|
134.57 |
141.88 |
7.31 |
4,080 |
32 |
3 |
NH-5 |
61.57 |
80.77 |
19.20 |
2,071 |
38 |
1 |
NH-6 |
57.30 |
107.90 |
50.60 |
4,181 |
49 |
3 |
|
130.45 |
144.48 |
14.03 |
2,347 |
43 |
1 |
NH-15 |
3.96 |
31.70 |
27.74 |
4,991 |
68 |
4 |
including |
7.92 |
18.29 |
10.37 |
8,343 |
106 |
7 |
NH-25 |
73.15 |
128.32 |
55.17 |
3,546 |
43 |
2 |
NH-29 |
6.10 |
18.29 |
12.19 |
2,480 |
28 |
1 |
|
23.47 |
36.58 |
13.11 |
3,585 |
24 |
1 |
|
39.78 |
49.07 |
9.29 |
2,924 |
32 |
1 |
|
56.08 |
68.58 |
12.50 |
3,122 |
55 |
2 |
|
73.30 |
83.52 |
10.22 |
2,971 |
34 |
1 |
|
92.96 |
109.12 |
16.16 |
3,086 |
40 |
1 |
|
125.88 |
151.79 |
25.91 |
2,481 |
31 |
2 |
NH-44 |
6.10 |
38.40 |
32.30 |
6,595 |
113 |
2 |
including |
9.14 |
23.47 |
14.33 |
8,116 |
153 |
3 |
NH-45 |
26.21 |
117.35 |
91.14 |
4,656 |
55 |
1 |
NH-47 |
28.04 |
81.38 |
53.34 |
6,481 |
95 |
2 |
including |
57.30 |
67.36 |
10.06 |
8,763 |
189 |
3 |
NH-48 |
8.23 |
29.57 |
21.34 |
4,212 |
42 |
1 |
|
38.71 |
100.58 |
61.87 |
3,703 |
50 |
1 |
NH-50 |
102.72 |
129.42 |
26.70 |
3,550 |
43 |
2 |
NH-71 |
80.77 |
156.51 |
75.74 |
2,813 |
32 |
1 |
NH-72 |
78.03 |
110.95 |
32.92 |
3,387 |
31 |
1 |
NH-92 |
235.61 |
247.04 |
11.43 |
4,623 |
50 |
2 |
Updated Cash Flow Model
The Company has updated its internal cash flow model* for a 70,000 tpd operation to incorporate tax impacts. Using a capital expenditure of about CDN$750 million* and metal prices slightly below current levels (copper US$3.35/lb, gold $1,100/oz and silver $17/oz) and a CDN/US exchange rate of 0.98:1, the project's Internal Rate of Return (IRR) and Net Present Value (NPV) are as follows:
|
Pre-tax |
After-tax |
IRR |
34.4% * |
29.2% * |
NPV -- 0% discount rate |
$4.5 billion * |
$3.3 billion * |
NPV -- 8% discount rate |
$1.6 billion * |
$1.2 billion * |
Plans for Resource Update
Subsequent to the last resource report update in March 2008, YMI has data for 22 holes totalling 7,292.94 m drilled by YMI. As these holes and the reanalyzed historical holes noted above collectively are within the established envelope, we do not expect any significant change to the overall tonnage of resource estimate. As many of the recent holes are at closer drill spacing, it may be possible that some tonnage will be upgraded to the Measured category in the next resource estimate.
As the historical drilling was only analyzed for copper, only copper values were included in the previous resource estimates. All YMI drill core has been analyzed for 30 elements including gold and silver, which when combined with the reanalysis data of historical core, may support inclusion of gold and silver in future resource estimates.
As part of the feasibility process, we intend to continue in-fill drilling as a means of generating data to support a partial resource upgrade to Measured category and to have precious metals included in the resource estimate
Plan for Preliminary Economic Assessment (PEA) Update
YMI had substantially completed a NI 43-101 PEA in September 2008 when the global financial crisis hit, rendering the PEA numbers irrelevant. Now that copper has stabilized at levels over US$3/lb, we plan to update the PEA in conjunction with the resource update. Several feasibility studies and PEA's for B.C. projects have been published over the last year, providing us with good proxies for our anticipated capital and operating costs. Based on our attractive infrastructure and tailings configuration and planned throughput of 70,000 tonnes/day, we believe our project will have favourable capital and operating cost efficiencies compared to our peer group. Harper Creek's capital intensity of $10,714/daily tonne of mill capacity is at the low end of our B.C. copper peer group.
Investor Relations Activities
The Company had booths at the Mines and Money show in London UK in December 2009, the Hard Asset Forum in San Francisco in November 2009, the AMEBC RoundUp in Vancouver in January 2010 and PDAC in March 2010. We will also have a booth at the Kamloops Exploration Group meeting in April 2010.
Contact Information:
For further details on Yellowhead Mining Inc., please visit our website at www.yellowheadmining.com or contact:
Ronald Handford, Chief Executive Officer
E: rhandford@yellowheadmining.com
T: (604) 273 5597
F: (604) 608 3524
W: www.yellowheadmining.com
Disclaimer
No regulatory authority has approved or disapproved the information contained in this newsletter. This newsletter includes certain statements that may be deemed "forward-looking statements". All statements in this newsletter, other than statement of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors should be cautious that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.
Yellowhead Mining invites you to visit us at the 2010 PDAC in Toronto
Please drop by to visit Greg Hawkins (Chairman), Ron Handford (CEO), Bob Harper (CFO) and Chris Naas (Director and Project Manager) to discuss our advanced Harper Creek copper-gold-silver project in south-central British Columbia.
Date: March 7 - 10, 2009
Place: Level 800 - Metro Toronto Convention Centre, South Building
Booth: #2440
We hope to see you there.
Sincerely,
Ron Handford
For further information, please contact Ron Handford at 604-273-5597.
Yellowhead Mining Inc. Announces Engagement of CI Capital Markets Inc. as Lead Agent for a Private Placement
RICHMOND, BC, March 2 /CNW/ - Yellowhead Mining Inc. (the "Company" or "YMI") is pleased to announce that it has engaged CI Capital Markets Inc. ("CICM") as sole lead agent to raise a minimum of $2 million and a maximum of $5 million by way of a marketed, best efforts private placement of special warrants (the "Special Warrants") from treasury, each Special Warrant being exchangeable into one common share of the Company ("the Offering").
The Company plans to use proceeds from the private placement to advance its Harper Creek project towards feasibility and for working capital and general corporate purposes. The Offering terms will be contingent upon market conditions and will be subject to due diligence by CICM.
The Offering will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States, or to or for the account or benefit of, U.S. persons without registration or pursuant to an applicable exemption from U.S. registration requirements.
This press release does not constitute an offer to sell, nor is it a solicitation of an offer to buy, securities.
Ronald Handford, Chief Executive Officer of YMI, stated, "We are pleased to develop this relationship with one of the premier independent mining investment banks in Canada, especially at the time of their launch as a new, entrepreneurial, employee-owned entity. We believe our Harper Creek project in British Columbia is well-positioned, considering financial and commodity markets timing and our favourable infrastructure, operational characteristics and comparatively low international political risk".
About CI Capital Markets Inc.
Certain employees of CI Capital Markets Inc. ("CICM"), formerly the Capital Markets group of Blackmont Capital Inc., have entered into a definitive agreement to buy CICM from CI Financial Corp. The agreement is effective as of February 1st, 2010, with formal closing to occur shortly, subject to regulatory approval.
CICM provides quality independent research, experienced equity sales and trading coverage to institutional clients, and investment banking services to corporate clients.
About Yellowhead Mining Inc.
Yellowhead Mining is a private Canadian company with a 100%-owned position (subject to a $500,000 option payment) in the Harper Creek copper-gold-silver advanced exploration project in south-central British Columbia, approximately 90 kilometres from Kamloops. Harper Creek offers exceptional potential as one of the largest copper pre-development projects in Canada.
On Behalf of the Board
YELLOWHEAD MINING INC.
Ronald Handford, P.Eng.
Chief Executive Officer
Disclaimer
No regulatory authority has approved or disapproved the information contained in this newsletter. This newsletter includes certain statements that may be deemed "forward-looking statements". All statements in this newsletter, other than statement of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors should be cautious in that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.
For further information: Contact: (604) 273-5597
Yellowhead Mining Inc. to attend the AMEBC Mineral Exploration Roundup 2010
Please drop by to visit: Greg Hawkins, Chairman; Ron Handford, CEO; Chris Naas, Director; and Bob Harper, CFO to discuss our advanced Harper Creek copper-gold-silver project in south-central British Columbia.
Date: Wednesday January 20 and Thursday January 21, 2010
Place: The Westin Bayshore, Vancouver BC
Booth: #B35
Conference Web Site: http://www.amebc.ca/roundup/overview.aspx
We hope to see you there.
Sincerely,
Ron Handford
Chief Executive Officer