Company News June 14

Last summer the company reported on the status of the permitting issue. One very important detail here is that the public consultations were completed:

"Waste rock extracted during this bulk sampling program will be used to construct a 3 metre dam lift on the Company's Jolu Above Ground Tailings Management Facility (JAGTMF). This is required after the Company was informed by Environment Canada that the permitting process for the Mallard TMF listing on Schedule 2 of the Metal Mining Effluent Regulations (MMER) was delayed due to the recent Federal election. With the public review in Canada Gazette Part 1 already completed, Environment Canada now expects a ministerial decision by the end of September, 2011. The Company is disappointed that the federal regulators continue to ignore their own time table, resulting in further unnecessary delays and added costs for the Company. The Company has the necessary permits in place for expansion of the JAGTMF."

GBN.V press release