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Road Town, Tortola, British Virgin Islands (July 24, 2006) – CIC Energy Corp. (“CIC” or the “Company”)(TSX:ELC, BSE: CIC Energy) is pleased to announce that, further to its June 22, 2006 press release, a National Instrument 43-101 (“NI 43-101”) technical report has been filed on SEDAR for the Company’s Mmamabula Energy Project in Southern Africa.
The report, entitled “CIC Energy Corp.: Mmamabula Energy Project, Southeastern Botswana, Project No. J889: Third Technical Report” and dated July 21, 2006, was prepared by Mr. Craig M. Williams under the supervision of Mr. Derek J. Loveday, each of whom is an employee of Snowden Mining Industry Consultants (“Snowden”). Mr. Loveday is registered as a Professional Natural Scientist with the South African Council for Natural Scientific Professions (SACNASP) and is a Qualified Person within the meaning of NI 43-101. Snowden is an international minerals consultancy group, independent of CIC.
About CIC Energy Corp.
CIC is a TSX/BSE-listed company engaged in the advancement of the Mmamabula Energy Project, which includes the Mmamabula East and Mmamabula South prospecting licenses, located in the Mmamabula Coalfields of southeastern Botswana, 120 km north of the capital city of Gaborone and adjacent to South Africa’s Waterberg Coal Fields.
CIC has a treasury of approximately CDN$ 36.4M, and has 41,699,021 shares outstanding and 48,344,111 shares fully diluted. For additional information on CIC and its projects visit the Company’s website at www.cicenergycorp.com or contact:
Fiona Childe, Ph.D., P.Geo.
VP Corporate Communications
Tau Capital Corp.
Tel: (416) 361-9636 x 227
Email: fchilde@taucapital.com
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