Environmental Policy

Adastra Minerals Inc. and its controlled affiliates (the “Company” or “Adastra”) recognises environmental management as a corporate priority and is committed to the integration of environmental and social considerations at all levels of project development and operation. (There are separate Policies relating to Employment, Health and Safety and to Community Development)

The Company will develop an environmental programme and environmental management procedures for its operations, aimed at minimising and mitigating any adverse environmental impact and protecting biodiversity and taking cognisance of conservation opportunities.

The Company will seek to develop environmental management procedures at the Company’s operations consistent with World Bank Group (WBG) policies, guidelines and procedures, as at 28th April 2004, and internationally recognised industry best practice.

The implementation of the Environmental Policy and environmental management procedures will be key requirements during all phases of project development. The Company will also seek to require its consultants, contractors, suppliers and subsidiaries to adopt the principles of this Environmental Policy as a minimum standard.

Adastra is cognisant of the principles of sustainable development, which is taken to mean “development that meets the needs of the present without compromising the ability of future generations to meet their own needs”. Accordingly, the Company is committed to the harmonisation of economic development with the health and wellbeing of the natural and human environments.

Adastra believes that setting and meeting high environmental standards are prerequisites for carrying on business in a sustainable society, and the Company is committed to good stewardship in the protection of life, health and the environment.

Environmental Policy Implementation

Technically sound and economically feasible environmental protection measures will be adopted throughout the exploration, development and operational phases of its projects, as well as on closure.

Specific Goals

The Company is committed to the following:

  • as a minimum, to assess, design and operate its activities in order to comply with all relevant national legislation relating to the environment;

  • in the absence of comprehensive national legislation, then as a minimum requirement to seek to apply the policies, guidelines and procedures of the World Bank Group as of 28th April 2004;

  • to plan for operation, closure and reclamation of each new project at the design stage;

  • to implement an Environmental Management Plan which contains, inter alia, procedures covering all aspects of operations, and aimed at ensuring compliance with legislation, WBG policies, guidelines and procedures as of 28th April 2004, and the requirements of the Company;

  • to carry out periodic, systematic, internal environmental audits and to use the results as a basis for planning continual improvements in environmental performance;

  • to develop and maintain staff training programmes to promote both awareness of environmental issues, and practices designed to protect the environment and natural resources;

  • to promote the efficient use of energy, materials and other resources at the Company’s operations;

  • to promote reuse and recycling as far as economically justifiable;

  • to provide adequate resources to meet environmental management obligations for the development, operation and closure of each operation;

  • to work with employees, regulatory agencies and the local communities to promote awareness of and ensure preparedness for possible emergencies;

  • to consult with stakeholders such as employees, government, and local communities and to maintain open and constructive communication and participation and to address environmental priorities and concerns;

  • to review this policy on a periodic basis and update as necessary.

Approved by the Board of Directors on  28th April, 2004.

Chairman of the Board:

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