Mt. Milligan Environmental Assessment Application Accepted

VANCOUVER, BC - Robert Pease, President and CEO of Terrane Metals Corp. reported that the Environmental Assessment Application for the commercial development of the Mt. Milligan Copper-Gold Project has been accepted for review by the British Columbia Environmental Assessment Office. The 9,000-page Application is based on two years of comprehensive environmental, engineering and socio-economic studies in consultation with First Nations, stakeholders, BC EAO, Canadian Environmental Assessment Agency and other government agencies. It is now being distributed for public review.
The Application was first submitted on July 16, 2008 to ensure completeness and consistency with previously approved Project 'Terms of Reference'. Formal acceptance of the Application by the BC EAO starts a 180-day public review period during which the BC EAO will complete the review and refer the Application to provincial ministers for a decision on the issuance of an Environmental Assessment Certificate.
Robert Pease, President and CEO of Terrane stated: "Acceptance of the Application is another significant milestone for Mt. Milligan. This important document underpins our commitment to long term environmental stewardship and sustainable growth within the Project region. We look forward to the active participation of all interested parties in the review process."
Terrane recently completed a two-year $20 million Feasibility Study Report on Mt. Milligan that forecast average annual production for the first six years of a 15 year mine life at 265,100 oz gold and 97 million lb copper. The Project is on schedule and budget. Detailed engineering design and procurement of long lead-time capital equipment programs are now underway. Once in production, the Project will directly employ approximately 400 people and inject roughly $85 million annually into a regional economy currently hard hit by a severe down-turn in the forest industry.
The company's address is Suite 1500, 999 West Hastings, Vancouver, BC V6C 2W2, 604-681-9930, fax: 604-630-2090.