The Grand Council of the Crees

Signature of the Mecheshoo Agreement For The Development And Operation Of The Renard Diamond Mine in Cree Territory

Posted: 2012-03-27

The Grand Council of the Crees (Eeyou Istchee), the Cree Regional Authority, the Cree Nation of Mistissini and Stornoway Diamonds (Canada) Inc. announce that they have entered into the Mecheshoo Agreement on March 27, 2012 regarding the development and operation of Stornoway’s Renard Diamond Mine in Eeyou Istchee.

With the support from the Cree Nation of Mistissini, the community approved the Agreement on February 27, 2012 through their Chief and Council. The approval of the Agreement by the Grand Council of the Crees (Eeyou Istchee) and Cree Regional Authority on March 20, 2012 represents the support of the Cree Nation as a whole, and ensures a stable regional environment for the development and operation of the Renard Diamond Mine.

The official signing ceremony took place in Mistissini, Qu├ębec on March 27, 2012.

Through this Agreement, the Crees have demonstrated their commitment to collaborate with Stornoway with respect to this new diamond mine in Eeyou Istchee territory. The Agreement, which will be in effect for the life of the mine, contains various provisions regarding Cree involvement in the development of the Renard Diamond Mine, including employment and business opportunities and training and education initiatives. Moreover, the agreement aligns the parties’ respective interests in the economic success of the project and ensures that the Crees will receive financial benefits through different payment mechanisms and participation in the profitability of the mine.

“The Mecheshoo Agreement is again an example where, with the cooperation and participation of the Crees, mining development can take place and prosper in Eeyou Istchee.” said Dr. Matthew Coon Come, Grand Chief of the Grand Council of the Crees (Eeyou Istchee). “This agreement marks the beginning of a cooperative and fruitful relationship between the Crees and Stornoway, a relationship based on respect for Cree rights and environmental and economic sustainability. In accordance with the principles of our Cree Nation Mining Policy, the Crees and Stornoway have ensured that our traditional rapport to the land remains intact.”

“Stornoway has demonstrated an immense openness and has been willing to adapt the project in a manner that respects the Crees of Mistissini, our interests, our values, our culture and our way of life. This is the way we want to be dealt with.” said Chief Richard Shecapio of the Cree Nation of Mistissini.