Vancouver, B.C., April 17, 2018. Kutcho Copper Corp. (TSXV: KC) (OTC: KCCFF) ("Kutcho Copper" or the "Company") and Tahltan Central Government ("TCG") are pleased to announce they have entered into an Exploration Agreement and a Communication Agreement relating to the Kutcho Project, which is located 100 km east of Dease Lake in Northern British Columbia.
These agreements set out a framework in which Kutcho Copper and TCG agree to work together in a spirit of partnership and cooperation to build a positive and mutually beneficial working relationship. Specific objectives of the agreements include:
- Establishing a co-operative and collaborative working arrangement between Kutcho Copper and Tahltan Nation
- Promoting timely dialogue and communication to foster an open, direct and respectful relationship
- Identifying employment and business opportunities for Tahltan associated with the exploration activities
- Enhancing Tahltan’s capacity to participate in opportunities related to the exploration activities and baseline data collection
- Establishment of a Working Group
Tahltan Central Government President, Chad Day, commented: "We are pleased to sign these agreements with Kutcho Copper as they help set the standard for how exploration should be done in Tahltan territory. We look forward to working with Kutcho Copper to advance our people’s understanding of both the project’s potential impacts and benefits."
Kutcho Copper President and CEO, Vince Sorace, commented: "The signing of the Exploration Agreement and the Communication Agreement with Tahltan Central Government marks a significant milestone in the evolution of the Kutcho Project. These agreements confirm Kutcho Copper and Tahltan’s commitment to work collaboratively while maximizing opportunities for Tahltan as the project advances towards development of the Feasibility Study."
About Kutcho Copper Corp.
Kutcho Copper Corp. is a Canadian resource development company focused on expanding and developing the Kutcho high grade copper-zinc project in northern British Columbia. Committed to social responsibility and the highest environmental standards, the Company intends to progress the Kutcho Project through feasibility and permitting to a positive construction decision.
President & CEO, Kutcho Copper Corp.
Cautionary Note Regarding Forward-Looking Statements
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 release.
This news release contains certain statements that may be deemed "forward-looking statements" with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Kutcho Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company’s ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop the Kutcho project or its other projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration, and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the Kutcho project and if obtained, to obtain such permits and consents in a timely fashion relative to the Company’s plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company’s operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.