Diamond Fields Announces Namibian 10 Year Mining License Renewal Notification
Vancouver, British Columbia--(Newsfile Corp. - October 2, 2017) - Diamond Fields International Ltd. (TSXV: DFI) ("DFI" or the "Company") is pleased to announce that it has received notification from the Namibian Ministry of Mines and Energy ("MME") that the Minister intends to renew the Company's key Mining License, ML111, for a period of ten (10) years.The renewal is subject to certain terms and conditions, which the Company is currently working with MME to address on or before November 20, 2017.
Among the conditions to license renewal is a requirement that the Company undertake a renewed environmental impact assessment and have an Environmental Management Plan Report prepared and approved.As well, the Company must ensure that at least 5% of its local subsidiary is under ownership of Namibian persons.The Company intends to comply with these requirements on or before November 20, 2017.
It is expected that the license will be re-issued on or before December 20, 2017.
DIAMOND FIELDS INTERNATIONAL LTD.
SIGNED: "Sybrand van der Spuy"
Sybrand van der Spuy, CEO and Director
Contact:Earl Young at +1 214 566 3709
Website: www.diamondfields.com
The Company's public documents may be accessed at www.sedar.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements:
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in Diamond Fields' periodic filings with Canadian Securities Regulators. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Diamond Fields does not assume the obligation to update any forward-looking statement.