CREECO and Dumas Sign Strategic Partnership Agreement

VAL D’OR, March 22, 2012 – Cree Regional Economic Enterprises Company Inc. (“CREECO Inc.”) and Dumas Contracting Ltd. (“Dumas”) announced today that they have formed an alliance by signing a strategic partnership agreement. CREECO Inc. owns several companies such as Air Creebec, Cree Construction and Development Company, Valpiro, Gestion ADC, Quality Inn and Suites Val-d’Or, Eeyou Baril, and others.

Under the terms of the agreement, the company, which has yet to be named, will pursue underground mining development contracts with resource companies seeking to establish operations throughout Canada. The company will provide specialized training, employment and business opportunities to members of all our business partners within First Nations communities.

“CREECO is widely respected, and brings a high level of business acumen, experience and knowledge to the partnership,” commented Burger Greeff, CEO of Dumas. “We are very excited to have them as a partner – combining our strengths to better serve clients will ensure that the social and economic benefits of these operations are experienced first hand by First Nations.”

“We are looking forward to working with Dumas, and to enable all First Nations to play ameaningful role in all mining development opportunities throughout Canada. Long-term employment, capacity building and revenue sharing will be paramount added Darlene Cheechoo, President of the new company and member of CREECO. “We appreciate that Dumas shares our long-term outlook and objectives.”

Both CREECO and Dumas are committed to establishing successful, mutually beneficial and sustainable business relationships with First Nations groups across Canada. These relationships are critical for the ongoing growth and prosperity of all parties involved, and the mining industry in general.

About Dumas
Dumas is a leading international mining and energy services company, and one of few select companies able to provide both underground and surface mining services. We offer a diverse suite of fully integrated services to clients throughout the Americas, Africa and Asia, and specialize in mine development, construction, and infrastructure, production mining and engineering services. For more information please visit www.dumasmining.com.

About CREECO
Active on a national stage and present in several Canadian provinces, CREECO is a subsidiary incorporated in 1982 and wholly owned by the Cree Regional Authority acting through the Board of Compensation. Involved in many economic sectors, CREECO and its subsidiaries are committed to the following: profitability, longevity, stability, services for Cree communities, autonomy and self-sufficiency, leadership, transparency, jobs for Cree people, and finally, Cree participation in the areas of administration and development. Continuously making a meaningful contribution to Cree development, CREECO represents nine Cree communities of Quebec. For more information please visit www.creeco.ca.

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