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The Wood Mountain Lakota First Nation says its century-long land dispute with the federal government has ended with a tentative $50-million settlement.

The settlement, reached after more than a decade of legal battles and negotiations, proposes Canada pay $50 million for the loss of the use of lands, the southern Saskatchewan First Nation said in a statement.

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It said the government has also agreed that Wood Mountain Lakota can buy nearly 2,280 hectares of land to replace what was taken around the time of the First World War.

“While it’s been a long time coming, the proposed settlement agreement shows the commitment of both our leadership and the Government of Canada to move past simply talking about reconciliation,” said Chief Ellen B. Lecaine in a statement.

Wood Mountain Lakota said Monday it will use some of the compensation to provide “a reasonable distribution to its members and to target economic and cultural initiatives, with the funds placed in a trust to benefit future generations.”