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NEWS RELEASE · 30th March 2010
M. of Energy, Mines & Petrol.
The Province continues to move forward with clean, renewable energy opportunities, including expanding geothermal, announced Energy, Mines and Petroleum Resources Minister Blair Lekstrom today.

"British Columbia has significant geothermal energy potential and continues towards advancing geothermal energy generation in this province," said Lekstrom. "We will put this resource to work for our economy, generating new jobs and new wealth for rural B.C. communities, while lowering greenhouse gas emissions."

The March 29 tenure sale offered one parcel in B.C.'s central coast, Knight Inlet, which covers approximately 8,075 hectares. The total bid for this parcel is almost $25,000. This permit has a geothermal exploration work requirement of approximately $40,000 in the first year. Additional sales are planned for later in 2010.

Permits provide the exclusive right to explore the area for geothermal energy. This does not include surface rights to build roads or drill wells. A company has eight years in which to convert a permit to a lease. There are also annual work requirements and rent associated with a geothermal permit.

Geothermal energy is one of the most reliable, clean and renewable energy sources with almost no greenhouse gas emissions. Once developed, a geothermal plant can deliver a stable source of power. Geothermal energy draws sustainable power from the natural thermal energy contained in the rock and fluid in the Earth's crust.

Clean, renewable energy continues to be a cornerstone of the Province's climate action plan, which will create jobs, support families and generate new economic activity throughout British Columbia, while lowering greenhouse gas emissions within and beyond our borders. Electricity self-sufficiency and clean, renewable power generation are integral to B.C.'s effort to reduce its carbon footprint and fight climate change.

Further information on this sale, geothermal energy and the tenuring process can be found at
http://www.empr.gov.bc.ca/Titles/OGTitles/geothermal/Pages/default.aspx