West Hawk Furthers Initiative with Lu\'An Group
January 10, 2007 - Vancouver, B.C.: West Hawk Development Corp. (WHD - TSX.V, H5N - Frankfurt) is pleased to announce that it has strengthened its previously announced (May 11, 2006) relationship with the Shanxi Lu\'An Coal Mining (Group) Co., Ltd. headquartered in Changzhi City, Shanxi Province, China with a view to jointly developing coal gasification facilities with the aim of using coal as the primary feedstock to produce clean liquids and power.
The Shanxi Lu\'An Coal Mining (Group) Co., Ltd. is one of the 500 largest enterprises in China. Lu\'An\'s major interests include coal production, power generation, coking facilities, and chemical production. The company is also in the construction phase of building a coal gasification unit to produce power, liquids, and gas. The Shanxi Province of China is the largest coal mining region in the world producing over 500 million tons of coal annually.
Chairman Ren, of Lu\'An Coal Mining, and Dr. Wm. Mark Hart, Co-Chair, President, and CEO of West Hawk Development met in the Shanxi Province during late December and have agreed to work together to jointly develop an underground coal gasification system for the purpose of producing liquids (CTL-Coal to Liquids) and power (IGCC-Integrated Coal Gasification Combined Cycle). Lu\'An will dedicate 500 million tons of coal property toward this development and both companies are working diligently on a program to advance this technology. Two Directors of the Lu\'An coal Mining Group and five other Lu\'An officials will be in the US and Canada to further this initiative during January, 2007.
"This is another big step for our Company towards our goal of becoming aggressively involved in Coal Gasification Production." said Dr. Hart. "We are extremely pleased with Chairman Ren\'s decision that the Lu\'An Coal Mining Group has chosen West Hawk to be their strategic partner in the development of this great coal gasification technology as it is one of the most efficient, clean methods to produce energy, and utilizes one of the most abundant fuel sources - coal. We look forward to other strategic initiatives between our two companies in the near future."
Along with its current 500 billion cubic feet (estimated reserves as per NI 51-101) Figure Four Natural Gas Property, which is currently being drilled under a development and drilling agreement with EnCana Oil and Gas (USA) in Colorado\'s Piceance Basin which is considered one of the largest natural gas resources in North America, West Hawk is well positioned to attain its goal of providing valuable, high-demand energy products from a variety of coal and gas sources.
On behalf of the Board of Directors,
Dr. Wm. Mark Hart
Co-Chairman, President and CEO,
THE TSX VENTURE EXCHANGE HAS NOT YET REVIEWED AND DOES NOT TAKE RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
About the Company: West Hawk Development Corp. is focused on providing valuable, high-demand energy products from a variety of sources. Assets include the 500 billion cubic feet (estimated resources as per NI51-101 report) Figure Four natural gas property located in the Piceance Basin, Colorado, being developed under a drilling and development agreement with EnCana Oil & Gas (USA) Inc.; the Fort Norman coal deposit in the Northwest Territories; the Groundhog coal deposit located in northwest British Columbia; and the Ellesmere Island, Nunavut Territory coal property.
Cautionary note: This report contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The company has filed a NI51-101 Report on the Figure Four property. NI43-101 reports have been prepared on the Groundhog and Tulita, NWT properties to be filed shortly. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
Contacts
North America
West Hawk Development, +1-604-669-9330
Email: news@westhawkdevelopment.com
January 10, 2007 - Vancouver, B.C.: West Hawk Development Corp. (WHD - TSX.V, H5N - Frankfurt) is pleased to announce that it has strengthened its previously announced (May 11, 2006) relationship with the Shanxi Lu\'An Coal Mining (Group) Co., Ltd. headquartered in Changzhi City, Shanxi Province, China with a view to jointly developing coal gasification facilities with the aim of using coal as the primary feedstock to produce clean liquids and power.
The Shanxi Lu\'An Coal Mining (Group) Co., Ltd. is one of the 500 largest enterprises in China. Lu\'An\'s major interests include coal production, power generation, coking facilities, and chemical production. The company is also in the construction phase of building a coal gasification unit to produce power, liquids, and gas. The Shanxi Province of China is the largest coal mining region in the world producing over 500 million tons of coal annually.
Chairman Ren, of Lu\'An Coal Mining, and Dr. Wm. Mark Hart, Co-Chair, President, and CEO of West Hawk Development met in the Shanxi Province during late December and have agreed to work together to jointly develop an underground coal gasification system for the purpose of producing liquids (CTL-Coal to Liquids) and power (IGCC-Integrated Coal Gasification Combined Cycle). Lu\'An will dedicate 500 million tons of coal property toward this development and both companies are working diligently on a program to advance this technology. Two Directors of the Lu\'An coal Mining Group and five other Lu\'An officials will be in the US and Canada to further this initiative during January, 2007.
"This is another big step for our Company towards our goal of becoming aggressively involved in Coal Gasification Production." said Dr. Hart. "We are extremely pleased with Chairman Ren\'s decision that the Lu\'An Coal Mining Group has chosen West Hawk to be their strategic partner in the development of this great coal gasification technology as it is one of the most efficient, clean methods to produce energy, and utilizes one of the most abundant fuel sources - coal. We look forward to other strategic initiatives between our two companies in the near future."
Along with its current 500 billion cubic feet (estimated reserves as per NI 51-101) Figure Four Natural Gas Property, which is currently being drilled under a development and drilling agreement with EnCana Oil and Gas (USA) in Colorado\'s Piceance Basin which is considered one of the largest natural gas resources in North America, West Hawk is well positioned to attain its goal of providing valuable, high-demand energy products from a variety of coal and gas sources.
On behalf of the Board of Directors,
Dr. Wm. Mark Hart
Co-Chairman, President and CEO,
THE TSX VENTURE EXCHANGE HAS NOT YET REVIEWED AND DOES NOT TAKE RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
About the Company: West Hawk Development Corp. is focused on providing valuable, high-demand energy products from a variety of sources. Assets include the 500 billion cubic feet (estimated resources as per NI51-101 report) Figure Four natural gas property located in the Piceance Basin, Colorado, being developed under a drilling and development agreement with EnCana Oil & Gas (USA) Inc.; the Fort Norman coal deposit in the Northwest Territories; the Groundhog coal deposit located in northwest British Columbia; and the Ellesmere Island, Nunavut Territory coal property.
Cautionary note: This report contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The company has filed a NI51-101 Report on the Figure Four property. NI43-101 reports have been prepared on the Groundhog and Tulita, NWT properties to be filed shortly. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
Contacts
North America
West Hawk Development, +1-604-669-9330
Email: news@westhawkdevelopment.com
