Aboriginal Relations and Reconciliation Minister John Rustad says the latest agreement is with the Seabird Island Band from the Fraser Valley community of Agassiz, B.C.
The Forest Consultation and Revenue Sharing Agreement ensures a portion of provincial revenues from forestry activities on the band's traditional territory supports social and economic development.
Rustad says the agreement helps First Nations participate in economic development and bring benefits to aboriginal communities.
Seabird Island Band Chief Clem Seymour says the deal opens doors for relationship building and to create longer-term certainty in working with government.
The B.C. government says it's the first province to share revenue from mining, forestry and other resources with the province's First Nations.