Calgary, March 1, 2014 - Rainbow Resources Inc. (“Rainbow” or “the Company) is pleased to announce that it has entered into a strategic partnership agreement with Kabul-based Appleton Consulting Inc. (“Appleton”) to pursue mining opportunities in North America and Central Asia.
Rainbow’s President, David W. Johnston states "Afghanistan has a vast potential for developing its mineral extraction sector, which will be an engine of self-sustaining economic growth in the near future. The decision to partner with Appleton allows Rainbow to better examine these opportunities in a detailed manner previously not possible for us. We are very interested in this market and the overall Central Asian region, with an estimated US$1 to 3 trillion of mineral potential in Afghanistan alone. We believe that the approach taken in North America by Rainbow (i.e. identifying smaller, well placed deposits accompanied with total community engagement, is well aligned to the Appleton approach over there".
"Our company is very pleased to partner with Rainbow", says Stephen Appleton, Founder and President of Appleton. Not only is this a great step forward with respect to implementing a new strategy towards the mining sector in Afghanistan, but Rainbow also benefits from a desire for selected businessmen and companies from the Central Asian region to invest in the activities being undertaken by the Rainbow leadership in North America. In every aspect, this partnering agreement is one of reciprocation."
Appleton went on to add that thus far the approach to the mining sector in Afghanistan has been to award huge concessions to large international mining firms, which requires significant capital; this has not stimulated the economy in the way it had been intended. Appleton believes that a direct approach leveraging both local knowledge and western sophistication with small deposits well situated in terms of existing infrastructure is a much more effective way to advance the mining sector. Rainbow uses this same approach in North America.
Rainbow possesses a unique expertise in the mining sector, with a strong focus on gold and silver. Its Management team has participated in major projects both in North America and internationally over the last 30 years.
ABOUT RAINBOW RESOURCES
Rainbow Resources Inc. is a Canadian based junior exploration company focused on building shareholder wealth through focused exploration in two favorable and proven mining jurisdictions - the West Kootenays in southeast British Columbia (silver, gold and flake graphite) and Nevada where Rainbow's Jewel Ridge gold-silver project is in the heart of a major producing district. Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol RBW, and on the OTC under the symbol RIINF.
Appleton Consulting Inc. (ACI) is an international business consulting company that focuses on enabling unique business solutions for emerging and developing market sectors. Getting its start in Afghanistan in 2007, Appleton has enabled $410M USD worth of projects with its clients and partners. Appleton has a wide range of services for its local and international clients including project management, design services, and strategic partnership development. It was recently awarded a 300km railway design project from the Asian Development Bank in partnership with CANARAIL from Montreal PQ; Appleton is active in housing development, construction, transportation, and agribusiness with such international firms as Ellis Don International, Tetra Tech, International Home Finance and Development LLC, the Japanese International Cooperation Agency, Agriteam Canada, and Tata Consulting Engineers from India.
Stephen Brent Appleton, MSM, CD, PEng, MBA, MSS
Founder and President
Appleton Consulting Incorporated ( ACI)
Calgary, Alberta, Canada