DNI calls for Min­ingWatch Canada to re­tract state­ments

DNI Me­tals Inc. is urg­ing Min­ingWatch Canada to re­tract mis­lead­ing state­ments about its op­er­a­tions in its Vo­hit­sara prop­erty in Mada­gas­car. It says it works with com­mu­ni­ties, not against them, and that it has all re­quired statu­tory ap­provals and per­mits.

Stockwatch Daily - - FRONT PAGE - Mr. Steven Go­ertz re­ports

DNI ME­TALS Inc. is urg­ing Min­ingWatch Canada to re­tract mis­lead­ing state­ments made with re­spect to DNI’s op­er­a­tions in its Vo­hit­sara graphite prop­erty in Mada­gas­car.

The com­pany re­spects Min­ingWatch Canada’s work around the world and the need to fight global threats to pub­lic health, en­vi­ron­ment and com­mu­nity in­ter­ests. In the case of the Vo­hit­sara graphite project, how­ever, Minin gWatch Can ada has made sig­nif­i­cant er­rors in fact and judg­ment that will im­pact neg­a­tively on the com­pany, the work­ers and the com­mu­ni­ties within which it op­er­ates in Mada­gas­car.

The facts are as fol­lows:

1. DNI works with com­mu­ni­ties, not against them. The com­pany is proud of its suc­cess­ful part­ner­ships. It does not, nor has it ever, prac­ticed ha­rass­ment or in­tim­i­da­tion.

2. DNI’s wholly owned sub­sidiary in Mada­gas­car, DNI Me­tals Mada­gas­car SARL, is the reg­is­tered and ben­e­fi­cial holder of min­ing per­mit 38642 with re­spect to the Vo­hit­sara prop­erty. DNI is at present con­duct­ing the req­ui­site en­vi­ron­men­tal im­pact study, which is well ad­vanced and will be com­pleted shortly.

3. DNI holds all of the req­ui­site statu­tory ap­provals and per­mits to sup­port its op­er­a­tions in Mada­gas­car and the com­pany is op­er­at­ing fully in com­pli­ance with lo­cal and na­tional laws and reg­u­la­tions.

4. All ex­plo­ration ac­tiv­i­ties on the Vo­hit­sara prop­erty have been con­ducted in ac­tive con­sul­ta­tion and

co-op­er­a­tion with af­fected landown­ers and op­er­a­tors. Th­ese con­sul­ta­tions also set out the me­chan­ics for com­pen­sa­tion for any ad­verse ef­fects on the landown­ers’ op­er­a­tions. This process is con­tin­u­ing in con­junc­tion with the com­pany’s ac­tive ex­plo­ration op­er­a­tions at site.

5. There are no dis­putes be­tween DNI and res­i­dent/af­fected landown­ers in re­spect of its op­er­a­tions in Mada­gas­car.

6. Prior to com­menc­ing ex­plo­ration ac­tiv­i­ties, DNI, in con­junc­tion with lo­cal landown­ers, and co-or­di­nated by an in­de­pen­dent con­sul­tant, con­ducted an in­ven­tory of crops which could be af­fected by their ex­plo­ration ac­tiv­i­ties on the land. This process also re­mains con­tin­u­ing; with mul­ti­ple meet­ings held by the com­pany with lo­cal res­i­dents on site each month. D NI has pre­vi­ously for­mal­ized a sys­tem of pro­to­cols in con­sul­ta­tion with lo­cal res­i­dents, whereby landown­ers/op­er­a­tors in planned op­er­a­tional ar­eas are iden­ti­fied with the as­sis­tance of a des­ig­nated com­mit­tee of lo­cal el­ders, who then ac­tively par­tic­i­pate with the com­pany in dis­cus­sions with af­fected landown­ers/op­er­a­tors to ne­go­ti­ate ap­pro­pri­ate com­pen­sa­tion.

7. From the in­cep­tion of its ac­tiv­i­ties, DNI has main­tained a com­mit­ment to a strong com­mu­nity and so­cial en­gage­ment. DNI con­sis­tently em­ploys lo­cal in­dige­nous per­son­nel from its di­rect op­er­a­tional ar­eas for project sup­port. The num­ber of em­ploy­ees en­gaged un­der this pol­icy cur­rently num­bers in ex­cess of 100. DNI also pro­vides rel­e­vant on-site train­ing, as well as emer­gency med­i­cal and gen­eral com­mu­nity sup­port. Re­cently, DNI per­son­nel and lo­cal con­trac­tors have been fi­nal­iz­ing a ma­jor ex­pan­sion and up­grade of the soc­cer field in the lo­cal vil­lage of Am­bat­o­lampy and will shortly be com­plet­ing the first of two wa­ter wells in the same vil­lage.

Given the facts as spec­i­fied above, DNI calls on Min­ingWatch Canada to cor­rect the record and promptly re­tract its ac­cu­sa­tions against DNI’s op­er­a­tions on the Vo­hit­sara graphite prop­erty in Mada­gas­car.

About DNI Me­tals Inc.

Cer­tain ad­vis­ers and di­rec­tors of DNI have sig­nif­i­cant op­er­a­tional ex­pe­ri­ence at his­tor­i­cal hardrock graphite mines in Canada (such as On­tario and Que­bec) and Aus­tralia. Be­tween them, they have built three pro­cess­ing plants and de­signed two oth­ers; all, which were shut down in the 1990s due to in­creased Chi­nese com­pe­ti­tion. Keith Minty, a di­rec­tor, pre­vi­ously worked at Cal Graphite near Kearny, Ont.

Steven Go­ertz (MAusIMM, MAIG), who is a qual­i­fied per­son, ap­proved the tech­ni­cal dis­clo­sure in this news re­lease.

We seek Safe Har­bor.

Michael Glenn But­ler, John Arthur Carter, De­nis Arthur Cle­ment, Justin R Fog­a­rty, Paul L Hart, Brian Michael Howlett, Keith Charles Minty, Shahe Fares Sabag

(DNI) Shares: 63,068,155

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