New Appeal
Orea Provides Update on Appeal Status of
Montagne d'Or Gold Deposit Mining Titles
Vancouver, BC, Canada, October 7, 2021, Orea Mining Corp. (“Orea”) (OREA: TSX) (OREAF: OTCQX) (3CG: FSE) reports that it has received confirmation today, that the French government has filed a final appeal to the French Supreme Court (
Conseil d’Etat) on the renewal of the Montagne d’Or Gold Deposit mining titles, located in French Guiana, France, owned 44.99% by Orea and 55.01% by Nord Gold plc (the “JV”).
As announced on July 22, 2021, the Court of Appeal of Bordeaux rejected the French Government’s appeal and its request for a stay of execution of the initial court rulings of December 24, 2020, which were in favour of the JV, ordering the renewal of the mining titles. In its ruling, the Court of Appeal concluded that the arguments put forth by the French Government were without merit and that the JV submitted complete applications and met all requirements for the renewal of the mining titles. The French Government had until September 17, 2021 to file a second and final appeal to the French Supreme Court (
Conseil d’Etat).
The Supreme Court will conduct an analysis on whether to admit or reject to hear the appeal. To be admissible, the appeal must be based on reasonable arguments and exceptional grounds. If the appeal is considered admissible, the Supreme Court will only assess whether the initial court rulings were sufficiently substantiated and if the procedural rules have been duly followed without error; therefore, it is not possible for the French Government to present new or additional arguments. In principle, an appeal before the Supreme Court has no suspensive effect, therefore the initial court rulings should in theory, be upheld and implemented, even if a final appeal is made.
Additional updates will be provided by Orea when available.
About Orea Mining Corp. Orea is a leading gold exploration and development company operating in a prospective and underexplored segment of the Guiana Shield, South America. Its mission is to develop gold deposits with a reduced environmental footprint using innovative technologies, upholding the highest international standards for responsible mining. In French Guiana, Orea holds a major interest in the world-class Montagne d’Or mine development project and is also advancing the Maripa gold exploration project.
For more about Orea visit the company’s website at
www.oreamining.com ON BEHALF OF THE BOARD:
Rock Lefranois
President & CEO
For more information contact:
Investor Relations
(604) 634-0970 or
1 888-818-1364
ir@oreamining.com Forward-looking statements Certain statements made herein, including statements relating to matters that are not historical facts and statements of the Company’s beliefs, intentions and expectations about