Winfield Resources – Libyan Status Update
Winfield Resources Limited (“Winfield”) (WWF.H:TSXV) announces today that it has received re-confirmation from the Libyan General People’s Committee for Industry, Commerce and Trade that Winfield’s License to build, own and operate a 300,000 barrel per day oil refinery remains both valid and in good standing.
(Reference here being made to the original grant of license approved by the resolution of the General People’s Committee for Trade, Economy and Investment No. (313) dated 29/05/2008).
In addition, the National Oil Corporation of Libya has re-confirmed the good standing of the feedstock arrangement provisioning for a supply of 150,000 bbls/day of crude oil to Winfield from Libyan sources, in accordance with the NOC’s general terms and conditions.
Winfield’s primary business is the engineering, procurement, construction and management of crude oil refineries. Winfield’s intended business includes the building, owning and operating of one or more oil refineries in Northern Africa.
On behalf of the Board
Robert Michael Foley
President and CEO
For further information please contact:
Robert Michael Foley, President and CEO
(604) 895-7463
rmf@winfieldresources.com
www.winfieldresources.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the establishment of crude oil refineries in Libya and elsewhere. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur, when they will occur or, if they do occur, what benefits the Company will obtain from them.
