New Millennium files project notice for its Direct Shipping Ore project

New Millennium Capital Corp. has filed the Project Notice with the Government of Quebec for its Direct Shipping Ore Project at Schefferville.

The Project Description for the Government of Canada and the Project Registration for Newfoundland and Labrador will be filed later this week.

This step initiates the process for the environmental approvals required from Governments and will trigger the issuance of the guidelines under which the Environmental Assessment Statement will be prepared.

Robert Martin, NML’s President and CEO, said, we are pleased to announce this important step toward the development of the DSO Project in addition to other preparatory works as we announced on February 5, 2008.

The Environmental Impact Statement if required is planned to be sent to the appropriate governmental authorities by the end of October. Government review and approval is expected for Area 2 and Area 3 by the end of March 2009, concluded Mr Martin.