Geoscience BC Receives a $12 Million Commitment for Public Geoscience in BC

May 10, 2011 -Geoscience BC today thanks the provincial government for its commitment of $12 million in new funding to support mineral and energy geoscience in British Columbia, which was announced last night at the BC Mining Week Opening Reception in Vancouver.

"This investment will allow Geoscience BC to continue delivering programs aimed at stimulating new economic activity in British Columbia," said Dr. 'Lyn Anglin, President and CEO of Geoscience BC. "New funding enables Geoscience BC to continue to develop our QUEST programs, including the recently announced QUEST-Northwest project, which contribute to the public geoscience framework in support of the BC mineral exploration industry."

"In addition, this new funding will also enable Geoscience BC to continue the water sourcing work we've undertaken over the last two years in Northeast BC, which is critical to enabling the significant natural gas opportunity in that part of the province," said Anglin.

Established with a $25-million investment from the Province in 2005, Geoscience BC is an industry-led, not-for-profit organization that conducts exploration geoscience in partnership with industry, academia, government, First Nations and communities. Geoscience BC received an additional $11.7 million in 2008 to support mineral geoscience in Mountain Pine Beetle-affected areas and oil & gas geoscience in frontier areas of the province.

Past Geoscience BC initiatives include the QUEST, QUEST-West and QUEST-South programs, which led to increased mineral staking and exploration in BC's interior. The QUEST-Northwest project, launched in late April in Stewart, is Geoscience BC's latest mineral geoscience initiative. Geoscience BC also has two ongoing projects in the Horn River Basin and Montney play in Northeast BC, focused on increasing understanding of water sources in advance of development.

For more information, please contact:

C.D. ('Lyn) Anglin, PhD
President & CEO
Geoscience BC
(604) 290-1194