Application Review Stage Initiated for the Harper Creek Project

VANCOUVER, Jan. 28, 2015 /CNW/ - Yellowhead Mining Inc. ("Yellowhead" or the "Company") (TSX: YMI) announces that the BC Environmental Assessment Office ("BC EAO") has initiated the 180 review period for Yellowhead's application for an environmental assessment certificate ("EA Application") for the Harper Creek Project.

CEO Remarks

"The initiation of the 180 day review period for the EA Application for the Harper Creek Project marks another step in Yellowhead's steady progress in the development of Harper Creek" noted Mr. Frank D. Wheatley, CEO of Yellowhead.  "We look forward to continuing to work closely with the BC EAO and the Working Group during this review period," continued Mr. Wheatley.

EA Application for the Harper Creek Project

With the BC EAO initiating the 180-day review period for the EA Application on January 28, 2015, Yellowhead will now turn its attention to addressing comments from the BC EAO and the Working Group on the EA Application. 

A complete copy of the EA Application will be posted by the BC EAO on its website, and a complete copy of the EA Application can also be found on Yellowhead's website at www.yellowheadmining.com.

About the Harper Creek Project

Harper Creek is a proposed 70,000 tonnes-per-day open pit copper mine with a 28 year mine life, located in the Thompson – Nicola region of British Columbia near Vavenby.  Harper Creek has a four year development period, with the initial two years focused on environmental and construction permitting, and the second two years dedicated to construction.  When developed, Harper Creek will provide up to 660 jobs during construction and up to 450 permanent jobs during operations.

About Yellowhead Mining Inc.

Yellowhead Mining Inc. is a development stage company with a 100% interest in the Harper Creek Project located in the North Thompson - Nicola region of British Columbia, Canada.  The proposed Harper Creek mine will be a large scale, long life, low cost open pit copper mine, has a NI 43-101 compliant feasibility study, and is currently in the environmental permitting phase of development.

For more information on Yellowhead and the Harper Creek Project, please visit Yellowhead's website at www.yellowheadmining.com.

Cautionary Note Regarding Forward Looking Statements

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, including, among others, the accuracy of mineral grades and related assumptions, inherent operating risks, planned expenditures, proposed exploration and development at the Harper Creek Project, operating and economic aspects of the Harper Creek Project, as well as those risk factors identified in the Company's Annual Information Form filed under the Company's SEDAR profile. Yellowhead undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. More detailed information about potential factors that could affect projected results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Yellowhead.

SOURCE Yellowhead Mining Inc.