Northern Superior Provides an Update on Its Litigation Against the Ontario Government and Details Regarding Its Annual General Meeting
SUDBURY, ONTARIO--(Marketwired - Apr 23, 2015) - Northern Superior Resources Inc. (TSX VENTURE:SUP) ("Northern Superior") is pleased to provide the following update on its litigation against the Ontario Government regarding its Thorne Lake, Meston Lake and Rapson Bay properties. Further to the Company's press release dated February 3, 2015, a copy of which is available on SEDAR (www.sedar.com) or the Company's website (www.nsuperior.com), the Ontario Government has now provided written responses to all of the outstanding questions raised by the Company that were not answered in full during Examinations for Discovery. The Company confirms that the answers provided did not raise any new facts which are of concern. As such, the Company remains optimistic regarding a positive outcome from the litigation.
In addition, the court-ordered mediation session was held as planned on March 24th, 2015 before a third party mediator. A settlement was not reached despite the Company's best efforts. Mediation summaries written by Northern Superior and the Ontario Government, which detail each party's position on the various issues raised during the course of the litigation, have been posted on the Company's website (www.nsuperior.com).
Shortly after the mediation, the Company sent a follow-up letter to the new Deputy Minister of Northern Development and Mines, Mr. David de Launay, in an effort to further encourage a settlement with the Ontario Government. A copy of that letter is also posted on the Company's website.
Annual General Meeting
The Company confirms that its Annual General Meeting will be held May 28th, 2015 at 4:15pm, eastern standard time. The meeting will be held at One King Street West Hotel & Residence, 1 King Street West, Toronto, Ontario Canada, M5H 1A1 in the Fourteen Hundred Room.
About Northern Superior
Northern Superior is a junior exploration company exploring for gold in the Superior Province of the Canadian Shield. The Company is currently focused on exploring its Croteau Est property in Quebec and its Ti-pa-haa-kaa-ning in Ontario. Northern Superior also has a number of other 100% owned properties in Ontario and Québec.
Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Québec, and trades on the TSX Venture Exchange under the symbol SUP.
For more information, please visit www.nsuperior.com
Neither 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 release.
Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
Contact
Northern Superior Resources Inc.
Thomas F. Morris
President and CEO
(705) 525-0992
(705) 525-7701
www.nsuperior.com
