VANCOUVER, Dec. 20 - Novawest Resources Inc. (TSXV - "NVE"; Frankfurt - "NWN"), is pleased to provide the following update regarding its staking and property assemblage on and around the Lac Doré Vanadium deposit situated near Chibougamau, Quebec.
Reference is made to earlier press releases regarding this matter dated October 23rd and 25th, 2007.
The 21 claim applications filed by Novawest are presently being examined by the delegate of the Quebec Minister of Natural Resources and Wildlife, Mr. Jean-Marie Mathieu. A formal meeting with Mr. Mathieu took place in Quebec City on November 28th, 2007. The matter has been referred to Mr. Mathieu on the basis of the presence of 21 claim applications by a competing staker, who also conducted staking on August 21st, 2007.
The issue will be that of disqualification of the competitor's claim applications, on a claim-by-claim basis, on grounds of non-compliance with various requirements set out in the Quebec Mining Act. Mr. Mathieu also provided Novawest with a copy of a report filed with Mr. Mathieu by the Mining Recorder with the Quebec Minister of Natural Resources and Wildlife. This report by the Mining Recorder recommended that 10 of the competitor's claims be rejected at the outset due to their failure to conform to the requirements of the Mining Act.
At the meeting of November 28th, 2007, Novawest outlined its position in summary form. Mr. Mathieu invited Novawest to file additional written evidence. Novawest will therefore be providing Mr. Mathieu with extensive materials regarding the above-mentioned issue. With respect to the quality of its own staking, Novawest is pleased to report that its staking was above reproach and of the highest professional standard. Novawest believes that its planning and execution were markedly superior to that of its competitor. Novawest will be providing Mr. Mathieu with eye-witness, video and audio evidence documenting the staking of both parties, in order to enable him to rule on compliance with the legislative requirements by both Novawest and its competitor, as per the Quebec Mining Act.
Novawest intends to ensure that it receives its rightful ownership to all of the claims it has applied for on and around the Lac Doré Vanadium deposit, that have not already been awarded to Novawest to date.
Novawest is committed to Quebec and values its excellent relations with all government bodies involved in the mining industry.
Novawest is looking forward to contributing even further to the Chibougamau region's prosperity. Novawest will continue to explore and develop the hundreds of mineral claims it already owns in the Chibougamau region.
Novawest intends to keep its stakeholders and shareholders aware of all details pertaining to this very important matter by way of publicly disseminated news releases and reports via approved news disseminators and on its own website.
The Qualified Person ("QP") for the purposes of this news release is Dr. Christian G. Derosier M.Sc., D.Sc, Geology.
ON BEHALF OF THE BOARD OF DIRECTORS OF NOVAWEST RESOURCES INC.
"Patrick D. O'Brien"
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Patrick D. O'Brien - Chairman
Novawest invites the public to visit its website at http://www.novawest.com or e-mail the company at novawest@novawest.com to be added to the company's e-mail list for press releases and updates.
S.E.C.Exemption12(g)3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed
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Contacts
Suite 1600
The Bower Building
543 Granville Street
Vancouver
British Columbia
Canada
V6C 1X8
Tel: (604) 683-8990
Toll-Free: 1-800-663-8990
Fax: (604) 683-8903
www.novawest.com
novawest@novawest.com
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