Press release: Botnia Exploration – Environmental Impact Study for Vargbäcken submitted to the County Administrative Board

(AktieTorget: BOTX) On Monday, December 13, 2010, an Environmental Impact Study was submitted to the County Administrative Board in Umeå, regarding the gold project Vargbäcken in the Vindelgransele area in Västerbotten.

Botnia Exploration Holding AB (publ) has since earlier an approved Exploitation Concession over the area, which is valid until 2028. The Environmental Impact Study application submitted now is thus a complementary application, regarding the environmental impact that a test mining in the area would involve. The application has been submitted for a maximal test mining of 50,000 tonnes gold mineralization.

The turnaround time for a similar Environmental Impact Study application may be around 6 months, depending on for example replies from referral bodies or other complementary investigations that may be required.

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