Royal Road Minerals Executes Collaborative Agreement with Nicaraguan Environmental Organization, Centro de Entendimiento con la Naturaleza
TSX VENTURE: RYR
Toronto, Ontario--(Newsfile Corp. - March 20, 2018) - Royal Road Minerals Limited (TSXV: RYR) ("Royal Road" or the "Company"), a gold and copper focused mineral exploration and development company, is pleased to announce that, through its wholly owned Nicaraguan subsidiary, Nicaza S.A., it has entered into a collaborative agreement ("The Collaboration Agreement") with Nicaraguan environmental Non-Governmental Organization, the Centro de Entendimiento con la Naturaleza ("The CEN").
The CEN is one of Nicaragua's largest and most well-regarded Non-Governmental Organizations that, throughout its 33-year history, has conducted collaborative work and developed successful practices in favor of conservation and the restoration of ecosystems. The CEN coordinated the Inter University Commission for the Eradication of Mercury and the Restauration of Ecosystems in Nicaragua and also coordinated the Collaborative Management Committee of the Macizo de Peñas Blancas Nature Reserve which is part of Nicaragua's Bosáwas Biosphere Reserve.
The Collaboration Agreement provides for Royal Road and the CEN to work together to design and implement inclusive strategies involving different stakeholders in the Company's areas of influence and allowing the parties to put into practice, effective methods to protect biodiversity, water sources and soil. Under the terms of the Collaboration Agreement, the CEN will provide socio-environmental advice and Royal Road will ensure best-practices and favorable conditions for the execution of jointly-developed socio-environmental strategies.
Jenny Arias, Royal Road's Executive Director for Responsible Development said, "We believe that truly responsible exploration and mining can help relieve rural poverty and provide the educational and financial means for effective conservation and the restoration of ecosystems. We are excited by our agreement with the CEN and look forward to working with them on innovative solutions to the many problems facing communities and the environment in Nicaragua."
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This news release may contain certain information that constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur and include statements regarding the use of proceeds from the private placement transactions. 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 projected in the forward-looking statements. These factors include the inherent risks involved in financing transactions, exploration and development of mineral properties, the hiring and retention of directors and officers, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, permitting and licensing and other factors described above and in the Company's most recent annual information form under the heading "Risk Factors", which has been filed electronically by means of the Canadian Securities Administrators' website located at www.sedar.com. The Company disclaims any obligation to update or revise any forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
For further information please contact:
Dr. Tim Coughlin
President and Chief Executive Officer
USA-Canada toll free 1800 6389205
+44 (0)1534 887166
+44 (0)7797 742800