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E-WIRE PRESS RELEASE E-WIRE PRESS RELEASE E-WIRE PRESS RELEASE
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Cash in Hand for Wild Atlantic Salmon On the Horizon
FREDERICTON, NEW BRUNSWICK, Nov. 20 -/E-Wire/-- The Atlantic Salmon Federation (ASF) welcomes a one-time expenditure of $30

million announced by the Honourable Loyola Hearn, Fisheries and Oceans

Canada in Fredericton that will benefit wild Atlantic salmon populations in

the four Atlantic Provinces and Quebec.



Bill Taylor, President of ASF, said, "We are indebted to the Honourable

Loyola Hearn, who was instrumental in securing the endowment fund as part

of the Parliamentary Fisheries Committee, and is vigilantly steering the

fund through the final approval process and to Greg Thompson, MP for New

Brunswick Southwest, where ASF's headquarters are located, for his constant

support."



"It's important to get the funding invested quickly," said Mr. Taylor, "so

that accumulated interest will be available to river associations and

watershed committees, hopefully, by the 2007 salmon season."



Volunteers in 125 river organizations that are part of ASF's Regional

Council network expend thousands of hours and more than $10 million dollars

annually in salmon conservation activities. Mr. Taylor continued, "The

fund will greatly assist these efforts and the sustainability of our wild

salmon populations by strengthening and expanding habitat restoration,

education, research, and conservation programs."

"Economic benefits flow from healthy salmon runs," said Mr. Taylor. "The

Atlantic salmon recreational fishery is worth about $200 million to Atlantic

Canadian and Quebec communities, and this will grow as more runs are

restored."



The funding comes at an opportune time, when there is a trend towards better

salmon runs to Canadian rivers as a result of a conservation agreement with

Greenland fishermen, sponsored by ASF and the North Atlantic Salmon Fund.

The agreement has suspended the commercial salmon fishery at Greenland that

killed North American salmon on their winter feeding grounds for five years

now. At the beginning of the 5-year agreement, Canadian Atlantic salmon

populations had plunged to an all-time low of 418, 000 and, since then, the

number has trended upwards to 701,000 in 2005. "Now the endowment fund

gives us an opportunity to better ensure that the salmon that escape the

Greenland nets return to healthy rivers in Atlantic Canada and Quebec,"

continued Mr. Taylor.

"We are pleased that Fisheries and Oceans Canada is in the process of

setting up a Board of Directors to administer the fund," concluded Mr.

Taylor. Since the Fund first appeared in a federal budget in early 2005,

ASF has worked in partnership with DFO to prepare an administrative

framework to guide the delivery of the funding.

The Atlantic Salmon Federation is an international, non-profit organization

that promotes the conservation and wise management of wild Atlantic salmon

and their environment. ASF has a network of seven regional councils (New

Brunswick, Nova Scotia, Newfoundland, Prince Edward Island, Quebec, Maine

and Western New England) which have a membership of more than 140 river

associations and 40,000 volunteers. The regional councils cover the

freshwater range of the Atlantic salmon in Canada and the United States. Contact Info:

Sue Scott

Vice President - Communications

Tel : 506-467-6804 (cell) or 506-529-1027 (office) Website : Atlantic Salmon Federation

/SOURCE:
Atlantic Salmon Federation
-0-
11-20-2006
/CONTACT:
Sue Scott Vice President - Communications Tel : 506-467-6804 (cell) or 506-529-1027 (office)
/WEB SITE: http://www.asf.ca
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