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Sranan Gold Strengthens Team with Board and Management Changes
Sranan Gold Strengthens Team with Board and Management Changes

Yahoo

time28-04-2025

  • Business
  • Yahoo

Sranan Gold Strengthens Team with Board and Management Changes

Vancouver, British Columbia--(Newsfile Corp. - April 28, 2025) - Sranan Gold Corp. (CSE: SRAN) (FSE: P84) ("Sranan" or the "Company") today announced changes to its Advisory Board and team first announced in Peak Minerals Ltd.'s (now Sranan Gold) news release dated November 8, 2024. Board advisors John Williamson and Mario Stifano, and Chief Executive Officer Oscar Louzada have been appointed to Sranan's Board of Directors, effective immediately, with Mr. Williamson acting as Board Chair. Messrs. Williamson, Stifano and Louzada join John Alcock and Ron Shenton on the board, replacing Fred Tejada and Jonathan Yan who have retired from their positions. Mr. Alcock has also been appointed as Chief Financial Officer. Dr. Dennis LaPoint has been appointed as Executive Vice President, Exploration and Corporate Development. Oscar Louzada, CEO of Sranan Gold, commented: "We are pleased to put in place our board members and management team who bring complementary expertise to the Company that will be immediately applicable as we seek to unlock value at our Tapanahony Gold Project in Suriname. The newly appointed team has been involved in the Guiana Shield for many years and have been behind many of the currently listed companies operating in both Suriname and Guyana. "We are pleased to have John Williamson serving as Chairman of the board. His reputation for excellence and distinguished track record, including his involvement in the founding and growth of Founders Metals, overseeing its successful exploration efforts, strategic partnerships, and a focused approach to developing resource potential, make him a tremendous asset to Sranan Gold. "On behalf of Sranan, I thank outgoing board members Fred and Jonathan for their service and valuable contributions during their tenure." About John Williamson Mr. Williamson is a professional geologist and over his 35-year career he has collaborated with and led industry geoscientists and capital markets professionals on numerous successful ventures. He has led the raising of near $1 billion in capital, the discovery and/or growth of at least 10 million ounces of gold on 3 continents, as well as gold, copper and nickel mining projects. On more than one occasion his team's efforts have been recognized for excellence by being named to the TSX Venture 50TM. Mr. Williamson was involved with the founding and growth of Founders Metals Inc., an exploration company focused on advancing the Antino Gold Project in Suriname, where he was the co-founder and initial CEO. About Mario Stifano Mr. Stifano is a seasoned mining executive and Chartered Professional Accountant with 25 years of experience working with exploration, development and producing mining companies. He is currently the CEO of Galantas Gold and Executive Chairman of Doré Copper Mining Corp. He has held a number of senior executive positions including Chief Executive Officer of Cordoba Minerals Corp., Executive Chairman with Mega Precious Metals Inc., Vice President and Chief Financial Officer with Lake Shore Gold Corp Inc., and Vice President and Chief Financial Officer of Ivernia Inc. Mr. Stifano has been instrumental in raising over $700 million to explore and fund mining projects, and notably led the team that acquired, financed and listed the historic Omai Mine in Guyana in 2020. About Oscar Louzada Mr. Louzada has over 20 years of experience in the financial services sector, notably with Beeson Gregory (Investec) and Canaccord Genuity, and has been involved in Suriname gold exploration projects for 12 years. About John Alcock Mr. Alcock has over 30 years of experience as an accounting and financial professional, and as an investor in the junior mining space. He is a Chartered Professional Accountant and currently serves on the board of Altiplano Metals. About Ron Shenton Mr. Shenton has worked in the capital markets for 40 years. He began his career as an investment advisor at a national brokerage firm, before moving to a regional one. He has been the founder of several public companies, acted as CEO, served as a director, and performed the roles of investor relations and public relations, along with raising capital. While the majority of the companies have been in mining exploration, he has worked in the biotech, cyber security, technology, and oil and gas sectors. About Dr. Dennis LaPoint Dr. LaPoint is a highly experienced geologist who led the team that discovered the Merian Mine in Suriname in 2002, and was instrumental in new discoveries and resources for the Rosebel Mine in Suriname. He was also involved in the acquisition, financing and listing of the Omai Mine in Guyana. He has worked in Suriname for over 24 years. About Sranan Gold Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname. The highly prospective Tapanahony Project is located in the heart of Suriname's modern-day gold rush. Tapanahony covers 29,000 hectares in one of the oldest and largest small-scale mining areas in Suriname. There is significant production from saprolite by local miners along a 4.5-kilometre trend, where several areas of mining have been opened. Sranan Gold is also exploring its Aida Property consisting of five mineral claims covering an area of 2,335.42 hectares on the Shuswap Highland within the Kamloops Mining Division. For more information, visit Information contactOscar Louzada, CEO+31 6 25438975 THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE. Forward-looking statements Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company's future exploration plans. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the company's current expectations regarding future events, performance and results and speak only as of the date of this release. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws. To view the source version of this press release, please visit Sign in to access your portfolio

Sranan Gold Strengthens Team with Board and Management Changes
Sranan Gold Strengthens Team with Board and Management Changes

Associated Press

time28-04-2025

  • Business
  • Associated Press

Sranan Gold Strengthens Team with Board and Management Changes

Vancouver, British Columbia--(Newsfile Corp. - April 28, 2025) - Sranan Gold Corp. (CSE: SRAN) (FSE: P84) ('Sranan' or the 'Company') today announced changes to its Advisory Board and team first announced in Peak Minerals Ltd.'s (now Sranan Gold) news release dated November 8, 2024. Board advisors John Williamson and Mario Stifano, and Chief Executive Officer Oscar Louzada have been appointed to Sranan's Board of Directors, effective immediately, with Mr. Williamson acting as Board Chair. Messrs. Williamson, Stifano and Louzada join John Alcock and Ron Shenton on the board, replacing Fred Tejada and Jonathan Yan who have retired from their positions. Mr. Alcock has also been appointed as Chief Financial Officer. Dr. Dennis LaPoint has been appointed as Executive Vice President, Exploration and Corporate Development. Oscar Louzada, CEO of Sranan Gold, commented: 'We are pleased to put in place our board members and management team who bring complementary expertise to the Company that will be immediately applicable as we seek to unlock value at our Tapanahony Gold Project in Suriname. The newly appointed team has been involved in the Guiana Shield for many years and have been behind many of the currently listed companies operating in both Suriname and Guyana. 'We are pleased to have John Williamson serving as Chairman of the board. His reputation for excellence and distinguished track record, including his involvement in the founding and growth of Founders Metals, overseeing its successful exploration efforts, strategic partnerships, and a focused approach to developing resource potential, make him a tremendous asset to Sranan Gold. 'On behalf of Sranan, I thank outgoing board members Fred and Jonathan for their service and valuable contributions during their tenure.' About John Williamson Mr. Williamson is a professional geologist and over his 35-year career he has collaborated with and led industry geoscientists and capital markets professionals on numerous successful ventures. He has led the raising of near $1 billion in capital, the discovery and/or growth of at least 10 million ounces of gold on 3 continents, as well as gold, copper and nickel mining projects. On more than one occasion his team's efforts have been recognized for excellence by being named to the TSX Venture 50 TM. Mr. Williamson was involved with the founding and growth of Founders Metals Inc., an exploration company focused on advancing the Antino Gold Project in Suriname, where he was the co-founder and initial CEO. About Mario Stifano Mr. Stifano is a seasoned mining executive and Chartered Professional Accountant with 25 years of experience working with exploration, development and producing mining companies. He is currently the CEO of Galantas Gold and Executive Chairman of Doré Copper Mining Corp. He has held a number of senior executive positions including Chief Executive Officer of Cordoba Minerals Corp., Executive Chairman with Mega Precious Metals Inc., Vice President and Chief Financial Officer with Lake Shore Gold Corp Inc., and Vice President and Chief Financial Officer of Ivernia Inc. Mr. Stifano has been instrumental in raising over $700 million to explore and fund mining projects, and notably led the team that acquired, financed and listed the historic Omai Mine in Guyana in 2020. About Oscar Louzada Mr. Louzada has over 20 years of experience in the financial services sector, notably with Beeson Gregory (Investec) and Canaccord Genuity, and has been involved in Suriname gold exploration projects for 12 years. About John Alcock Mr. Alcock has over 30 years of experience as an accounting and financial professional, and as an investor in the junior mining space. He is a Chartered Professional Accountant and currently serves on the board of Altiplano Metals. About Ron Shenton Mr. Shenton has worked in the capital markets for 40 years. He began his career as an investment advisor at a national brokerage firm, before moving to a regional one. He has been the founder of several public companies, acted as CEO, served as a director, and performed the roles of investor relations and public relations, along with raising capital. While the majority of the companies have been in mining exploration, he has worked in the biotech, cyber security, technology, and oil and gas sectors. About Dr. Dennis LaPoint Dr. LaPoint is a highly experienced geologist who led the team that discovered the Merian Mine in Suriname in 2002, and was instrumental in new discoveries and resources for the Rosebel Mine in Suriname. He was also involved in the acquisition, financing and listing of the Omai Mine in Guyana. He has worked in Suriname for over 24 years. About Sranan Gold Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname. The highly prospective Tapanahony Project is located in the heart of Suriname's modern-day gold rush. Tapanahony covers 29,000 hectares in one of the oldest and largest small-scale mining areas in Suriname. There is significant production from saprolite by local miners along a 4.5-kilometre trend, where several areas of mining have been opened. Sranan Gold is also exploring its Aida Property consisting of five mineral claims covering an area of 2,335.42 hectares on the Shuswap Highland within the Kamloops Mining Division. For more information, visit Information contact Oscar Louzada, CEO +31 6 25438975 THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE. Forward-looking statements Certain statements in this release constitute 'forward-looking statements' or 'forward-looking information' within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company's future exploration plans. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as 'may', 'would', 'could', 'will', 'intend', 'expect', 'believe', 'plan', 'anticipate', 'estimate', 'scheduled', 'forecast', 'predict' and other similar terminology, or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved. These statements reflect the company's current expectations regarding future events, performance and results and speak only as of the date of this release. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws. To view the source version of this press release, please visit

Midnight Sun Named as a Top 50 Performer on TSX Venture
Midnight Sun Named as a Top 50 Performer on TSX Venture

Yahoo

time20-02-2025

  • Business
  • Yahoo

Midnight Sun Named as a Top 50 Performer on TSX Venture

Vancouver, British Columbia--(Newsfile Corp. - February 20, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ("Midnight Sun" or the "Company") is pleased to announce that it has been included in the 2024 TSX Venture 50TM list. TSX Venture 50TM is an annual ranking of the top-performing companies over the last year on the TSX Venture Exchange, a world-leading capital formation platform for early-stage growth firms. The companies are ranked based on three equally weighted criteria of one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value. Midnight Sun's President & CEO, Al Fabbro, stated: "Midnight Sun has navigated a landmark year, and we are incredibly pleased to have been recognized by the TSX Venture Exchange as a 2024 Venture 50 Company. I am thrilled with the reception that Midnight Sun has received from the market over the past year and the increases in both liquidity and market cap we've seen as a result. Executing on our plans to explore and make transformative discoveries across our Solwezi Copper Project, while working on the potential to deliver near-term cash flow from oxide copper mineralization, under our Cooperative Exploration Plan with First Quantum, has driven exponential growth for Midnight Sun over the past year, and I believe we are only getting started. I look forward to continuing to deliver for our shareholders, as we bring our vision to life and get the 2025 exploration season underway on our sulfide and oxide copper targets at Dumbwa, Kazhiba and Mitu." About Midnight Sun Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia. Situated in the heart of the Zambia-Congo Copperbelt, the second largest copper producing region in the world, our property is vast and highly prospective. Our Solwezi Project is surrounded by world-class producing copper mines, including Africa's largest copper mining complex right next door, First Quantum's Kansanshi Mine. Led by an experienced geological team with multiple discoveries and mines around the world to their credit, Midnight Sun intends to find and develop Zambia's next generational copper deposit. ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP. Al FabbroPresident & CEO For Further Information Contact:Adrian O'BrienDirector of Marketing and CommunicationsTel: +1 604 809 6890Em: adrian@ NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. This news release contains "forward-looking statements" within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, and projections as at the date of this news release. The information in this news release about any information herein that is not a historical fact may be "forward looking statements." Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as "anticipates", "plans", "scheduled", "believed" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Such factors include, among others, risks relating to the timing and ability of the Company to obtain and the timing of the approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access to the project; risks inherent in mineral exploration, including the fact that any particular phase of exploration may be unsuccessful; geo-political risks; the global economic climate; metal prices; environmental risks; political risks; and community and non-governmental actions. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking statements. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. To view the source version of this press release, please visit Sign in to access your portfolio

Midnight Sun Named as a Top 50 Performer on TSX Venture
Midnight Sun Named as a Top 50 Performer on TSX Venture

Associated Press

time20-02-2025

  • Business
  • Associated Press

Midnight Sun Named as a Top 50 Performer on TSX Venture

Vancouver, British Columbia--(Newsfile Corp. - February 20, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ('Midnight Sun' or the 'Company') is pleased to announce that it has been included in the 2024 TSX Venture 50 TM list. TSX Venture 50 TM is an annual ranking of the top-performing companies over the last year on the TSX Venture Exchange, a world-leading capital formation platform for early-stage growth firms. The companies are ranked based on three equally weighted criteria of one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value. Midnight Sun's President & CEO, Al Fabbro, stated: 'Midnight Sun has navigated a landmark year, and we are incredibly pleased to have been recognized by the TSX Venture Exchange as a 2024 Venture 50 Company. I am thrilled with the reception that Midnight Sun has received from the market over the past year and the increases in both liquidity and market cap we've seen as a result. Executing on our plans to explore and make transformative discoveries across our Solwezi Copper Project, while working on the potential to deliver near-term cash flow from oxide copper mineralization, under our Cooperative Exploration Plan with First Quantum, has driven exponential growth for Midnight Sun over the past year, and I believe we are only getting started. I look forward to continuing to deliver for our shareholders, as we bring our vision to life and get the 2025 exploration season underway on our sulfide and oxide copper targets at Dumbwa, Kazhiba and Mitu.' About Midnight Sun Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia. Situated in the heart of the Zambia-Congo Copperbelt, the second largest copper producing region in the world, our property is vast and highly prospective. Our Solwezi Project is surrounded by world-class producing copper mines, including Africa's largest copper mining complex right next door, First Quantum's Kansanshi Mine. Led by an experienced geological team with multiple discoveries and mines around the world to their credit, Midnight Sun intends to find and develop Zambia's next generational copper deposit. ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP. Al Fabbro President & CEO For Further Information Contact: Adrian O'Brien Director of Marketing and Communications Tel: +1 604 809 6890 NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. This news release contains 'forward-looking statements' within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, and projections as at the date of this news release. The information in this news release about any information herein that is not a historical fact may be 'forward looking statements.' Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as 'anticipates', 'plans', 'scheduled', 'believed' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Such factors include, among others, risks relating to the timing and ability of the Company to obtain and the timing of the approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access to the project; risks inherent in mineral exploration, including the fact that any particular phase of exploration may be unsuccessful; geo-political risks; the global economic climate; metal prices; environmental risks; political risks; and community and non-governmental actions. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking statements. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

Luca Named to TSXV List of Top 50 Performing Companies
Luca Named to TSXV List of Top 50 Performing Companies

Associated Press

time19-02-2025

  • Business
  • Associated Press

Luca Named to TSXV List of Top 50 Performing Companies

Vancouver, British Columbia--(Newsfile Corp. - February 19, 2025) - Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) (FSE: Z68) ('Luca' or the 'Company') is pleased to announce that it has been included in the 2025 TSX Venture 50 TM list of top performing companies. To view an enhanced version of this graphic, please visit: TSX Venture 50 TM is an annual ranking of the top performing companies over the last year on the TSX Venture Exchange. The companies are ranked based on three equally weighted criteria of one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value. To view an enhanced version of this graphic, please visit: Dan Barnholden, CEO, commented, " We have delivered an approximate 77% increase in our share price over the course of 2024, and I'm pleased to see that this trend has continued into 2025. We appreciate the recognition by TSXV of our efforts at building shareholder value. We expect 2025 to be another transformative year for Luca as we continue to grow our production and cash flow and embark on exciting exploration programs at both of our operating mines.' Commenting on the TSX Venture 50 TM, Tim Babcock, President of the TSX Venture Exchange, said, " The performance of the TSX Venture 50 underscores the strategic importance of Canadian natural resources and high-growth innovation. With heightened demand for critical minerals, energy security and transition, and advanced manufacturing, this year's TSX Venture 50 showcases how TSXV is empowering Canadian businesses to raise capital, scale operations, and contribute to a secure and prosperous future for Canada. ' About Luca Mining Corp. Luca Mining (TSXV: LUCA) (OTCQX: LUCMF) (FSE: Z68) is a diversified Canadian mining company with two 100%-owned producing mines within the prolific Sierra Madre mineralized belt in Mexico which hosts numerous producing and historic mines along its trend. The Company produces gold, copper, zinc, silver and lead from these mines that each have considerable development and resource upside. The Campo Morado polymetallic VMS mine is an underground operation located in Guerrero State. It produces copper-zinc-lead concentrates with precious metals credits. It is currently undergoing an optimization program which is already generating significant improvements in recoveries, grades, efficiencies, and cashflows. The Tahuehueto epithermal gold and silver mine is a new underground operation in Durango State. The Company is commissioning the Tahuehueto mill and expects to achieve commercial production in early 2025. On Behalf of the Board of Directors (signed) 'Dan Barnholden' Dan Barnholden, Chief Executive Officer Contact Information: Sophia Shane Director of Corporate Development [email protected] +1 604 306 6867 +1 604 306 6867 Glen Sandwell Corporate Communications Manager Cautionary Note Regarding Forward-Looking Statements It should be noted that Luca declared commercial production at Campo Morado prior to completing a feasibility study of mineral reserves demonstrating economic and technical viability. Accordingly, readers should be cautioned that Luca's production decision has been made without a comprehensive feasibility study of established reserves such that there is greater risk and uncertainty as to future economic results from the Campo Morado mine and a higher technical risk of failure than would be the case if a feasibility study were completed and relied upon to make a production decision. Luca has completed a preliminary economic assessment ('PEA') mining study on the Campo Morado mine that provides a conceptual life of mine plan and a preliminary economic analysis based on the previously identified mineral resources (see news releases dated November 8, 2017, and April 4, 2018). Statements contained in this news release that are not historical facts are 'forward-looking information' or 'forward-looking statements' (collectively, 'Forward-Looking Information') within the meaning of applicable Canadian securities laws. Forward Looking Information includes, but is not limited to, disclosure regarding the Financings, the anticipated timing of closing thereof and the expected use of proceeds therefrom; and other possible events, conditions or financial performance that are based on assumptions about future economic conditions and courses of action; the timing and costs of future activities on the Company's properties, such as production rates and increases; success of exploration, development and bulk sample processing activities, and timing for processing at its own mineral processing facility on the Tahuehueto project site. In certain cases, Forward-Looking Information can be identified using words and phrases such as 'plans,' 'expects,' 'scheduled,' 'estimates,' 'forecasts,' 'intends,' 'anticipates' or variations of such words and phrases. In preparing the Forward-Looking Information in this news release, the Company has applied several material assumptions, including, but not limited to, that all requisite approvals in respect of the Financings will be received, and all conditions precedent to completion of the Financings will be satisfied, in a timely manner; the Company will be able to raise additional capital as necessary; the current exploration, development, environmental and other objectives concerning the Campo Morado Mine and the Tahuehueto Project can be achieved; the program to improve mining operations at Campo Morado will proceed as planned; the continuity of the price of gold and other metals, economic and political conditions, and operations. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, the Company does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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