Ministry of Development announces support ofMinistry of Development announces support of Gold Mining in Gre
2007-05-22 08:50 (New York)
FSC / Press Release
Ministry of Development announces support of Gold Mining in Greece
Vancouver, British Columbia CANADA, May 22, 2007 /FSC/ - Frontier Pacific Mining
Corporation (FRP - TSX Venture), ("Frontier Pacific"), is pleased to report that
in a speech on Thursday May 10th in Athens, Mr. Nikos Stephenou, General
Secretary of the Ministry of Development, stated that the Government of Greece
fully supports a wide range of mineral resource projects throughout the country
with particular emphasis on the development of the mining projects in the
regions.
The following is a translation of some of Mr Stephanou's speech:
"Mining and Metallurgical industries are fundamental pieces of the well-being of
the Greek economy, and within the European Union, Greece is one of the countries
with a significant mining business and exports of mineral products."
"In a Europe with limited current mining potential and a complex set of
restricting laws, it is logical that the mining production does not receive
enough support vs the support given to the actual trading of metals and minerals
and its importation from non-European countries such as Africa, Australia and
India etc."
"Environmental, quality of life, safety and social welfare, in combination with
the continuous disclosure of information and the active involvement of the
citizens, merit a new human-centric approach and the acceptance of sustainable
development and new technological advances in the mining industry."
"It is now scientifically proven that both environment and sustainable
development can live together and both can become the foundation for a better
society."
"The Mining Industry is extremely important for the Regional Development of
Greece. In many cases, geology and economic mineralization are found in areas
where other kinds of development are limited, and thus, the mining industry can
provide for the well-being of the local populations and other forms of services
and industries."
"The government supports the development of the Gold Mining business in
Chalkidiki, according to the environmental framework. The execution of this
initiative will develop this region and provide work for 600 people in the
construction phase and 1,300 people in the production phase."
Frontier Pacific Mining, through its wholly owned Greek subsidiary, Thracean
Gold Mines (TGM), is working closely with the Greek Government to obtain the
Joint Ministerial Approval which will allow the construction of TGM's Perama
Hill Gold Mine in Northern Greece to commence. In view of this positive
statement of support of the mining industry by the Government of Greece, TGM is
accelerating its large scale media campaign in Evros and Rodopi in order to
inform the local population of the safety of its operations and the economic
benefits that the development will bring to the region. A full copy of the
speech in Greek can be viewed on the Ministry of Development website at
www.ypan.gr
On Behalf of the Board of Directors,
FRONTIER PACIFIC MINING CORPORATION
"Peter F. Tegart"
Peter F. Tegart, P. Geo., President & CEO
The statements made in this News Release may contain certain forward-looking
statements. Actual events and/or results may differ from the Company's
expectations. Certain risk factors may also affect the actual results achieved
by the Company. The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
FRONTIER PACIFIC MINING CORPORATION (TSX-V: FRP)
Suite 875 - 555 Burrard Street
Box 205 - Bentall Two Centre
Vancouver, B.C. Canada, V7X 1M8
Phone: 604-717-6488 / Fax: 604-717-6427
www.frontierpacific.com / info@frontierpacific.com
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-0- May/22/2007 12:50 GMT