CANSHALE CORP - Oil Shale @ Hudson Bay, SK -

[Oscar]

CANSHALE CORP.

GOLDEN PLAIN PROJECT
http://www.canshale.com/golden_plain.php

AREA MAPClick here to view a detailed map featuring Canshale’s Golden Plain oil shale mineral permit lands.

[ http://www.canshale.com/assets/pdf/CanS ... in-map.pdf ]

QUESTIONS?

Please feel free to contact us with any questions you may have regarding investment or Canshale’s projects.

[ http://www.canshale.com/contact.php ]

Canshale Corp.’s “Golden Plain Permit” totals 39,008 hectares near the town of Hudson Bay, Saskatchewan and encompasses an abundance of oil shale—an organically rich sedimentary rock from which liquid hydrocarbons can be obtained. The Golden Plain North Permit comprises 26,720 hectares, while the Golden Plain South Permit encompasses 12,288 hectares directly south of the North Permit. The Best Estimate of Resources in the two Permits is 4.5 billion barrels of kerogen in place (Norwest Corp., NI 51-101, October 2011).

With a robust infrastructure in Hudson Bay, the development costs of bringing a large-scale project to the area are drastically reduced. Comprising flat prairie lands, the site lies at a major transportation junction with railways running in three directions and main highways in all four. The town also boasts a paved airstrip and ready access to grid power. The Moose Capital of the World has welcomed Canshale to its community.

SPECIAL AGREEMENT
Canshale is pleased to report that a Special Agreement under Section 4 of the Crown Minerals Act has been reached with Saskatchewan’s Energy and Resources Ministry. Canshale is granted an Oil Shale Mineral Permit granting comprehensive mineral and shale development rights and addressing: Land tenure, Lease renewals, rentals, work commitments and royalties.

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(SK) AUGUST LAND SALE TOPS $15 MILLION

[ http://www.gov.sk.ca/news?newsId=e251c7 ... 4a2969274c ]

News Release - August 15, 2013

The August sale of petroleum and natural gas rights brought in $15.1 million in revenue. The average price paid for leases this sale was $690/hectare, the highest since the August 2011 land sale.

“Saskatchewan continues to offer great resources in a competitive climate,” Energy and Resources Minister Tim McMillan said. “The premium that industry has placed on acquiring oil and gas leases shows that this is a great place to invest.”

Year-to-date revenue from the four land sales held in 2013 is $44.3 million.

The Weyburn-Estevan area received the most bids with sales of $11.1 million. The Kindersley-Kerrobert area was next at $2.1 million, followed by the Swift Current area at $1.1 million and the Lloydminster area at $688,887.

The three oil shale special exploratory permit blocks on offer near Hudson Bay received a total of $4.6 million in work commitment bids from Canshale Corp.

The highest price paid for a single parcel was $1.7 million. Scott Land & Lease Ltd. acquired the 1,036-hectare exploration licence north of Estevan.

The highest price on a per-hectare basis was $5,617. Mammoth Land Services Ltd. bid $363,702 for a 64.75-hectare lease south of Gull Lake.

“Industry continues to show confidence in the potential for new discoveries in Saskatchewan, and the rejuvenated interest in our oil shale underscores that optimism,” McMillan said. “Prior to this sale there were four oil shale special exploratory permits active in the Hudson Bay area. The addition of three new permits in this sale more than doubles the acreage under exploration.”

The next sale of Crown petroleum and natural gas dispositions will be held on October 7, 2013. -30-

For more information, contact:

Joanne Johnson
Economy
Regina
Phone: 306-787-4765
Email: joanne.johnson@gov.sk.ca

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See also: Farewell, Pasquia Hills:

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