TSX-V TRADING SYMBOL: CEC
VANCOUVER, June 7, 2012 /PRNewswire/ - Compliance Energy Corporation ("Compliance" or the "Company) reports that the B.C. Environmental Assessment Office ("BC EAO") and the Canadian Environmental Assessment Agency ("CEAA") have issued the Application Information Requirements/Environmental Impact Statement Guidelines ("AIR/EISG") for the Raven Underground Coal Project. The AIR/EISG, or terms of reference, specifies the information that must be contained in the Applications for an Environmental Assessment Certificate and Environmental Approval from the BC and Canadian governments respectively.
"We are pleased to have received the terms of reference for the environmental assessment of the Raven Project," stated John Tapics, President & CEO. "We have been gathering environmental baseline information on the project since mid 2009 and with this milestone now achieved we are free to complete our Environmental Assessment Applications. Submission of these Applications is expected before year end."
The Raven Underground Coal Mine Project is subject to a coordinated review under the Canadian Environmental Assessment Act and British Columbia's Environmental Assessment Act. An electronic copy of the AIR/EISG and other information regarding the environmental assessment process is available at www.ceaa-acee.gc.ca and at www.eao.gov.bc.ca.About Compliance Energy Corporation Compliance Energy Corporation is a mining exploration and development company. Our primary holding is our interest in over 31,000 hectares of coal rights on Vancouver Island, British Columbia, where we are focused on developing the Raven Underground Coal Project of which we hold a 60% interest. The remaining 40% is owned by I-Comox Coal Inc. (a subsidiary of Itochu Corporation of Japan) and by LG International Investments ( Canada) Limited (a subsidiary of LG International Corp. of Korea). The Company also holds a number of mineral exploration properties totaling over 24,000 hectares on Vancouver Island, BC which are 100% owned by the Company, some subject to certain royalty requirements. Our shares trade on the TSX Venture Exchange under the symbol CEC and investor information is available on our web site at www.complianceenergy.com. On behalf of the Board of