Trevali Mining Corporation
(TSX:TV)(TSX:TV.WT)(OTCQX:TREVF)(LMA:TV)(FRANKFURT:4TI) ("Trevali"
or the "Company") announces the appointment of David Huberman to
the Board of Directors of the Company.
Mr. Huberman was appointed to the Board of Directors of Ivanhoe
Mines Ltd. (recently renamed as Turquoise Hill Resources (NYSE,
NASDAQ & TSX)) in September, 2003 and served as its Lead
Independent Director from 2003 until May, 2011 when he was
appointed as Chairman of the company. He also served as Chairman of
this company's Corporate Governance & Nominating Committee
(2003 - 2012) and as Chairman of the company's Compensation &
Benefits Committee in (2003 - 2008). He also served as a member of
this company's Executive Committee from its formation in March,
2005 until March, 2012. Mr. Huberman is a member of the Institute
of Corporate Directors.
He is the President of Coda Consulting Corp., a business
consulting firm, and has practiced business law from 1972 until
1996 as a senior partner of a Canadian business law firm,
specializing in corporate, commercial, banking, securities,
regulatory and mining law. From 1997 to 1999, he also served as
Executive Vice President and General Counsel of Lions Gate
Entertainment Corp.
Mr. Huberman received his B.A. and LL.B. from the University of
British Columbia and his LL.M. from Harvard Law School. He was
called to the British Columbia Bar in 1960 and was a full time
member of the Faculty of Law at the University of British Columbia
from 1960 to 1972, specializing in corporate, securities and
administrative law.
"I am extremely pleased to welcome David onto Trevali's Board,"
said Tony Holler, Trevali's Chairman. "His extensive experience as
a senior Director with Ivanhoe Mines Ltd. in the development of its
world-class Oyu Tolgoi mine in Mongolia and his corporate and
business law background will be valuable assets as we build Trevali
into a significant zinc producer."
ABOUT TREVALI MINING CORPORATION
Trevali is a zinc-focused base metals development company with
operations in Canada and Peru - the Halfmile and Santander mines
respectively. In Canada, Trevali owns the Halfmile zinc-lead-silver
mine and Stratmat polymetallic deposit, and has entered into a
definitive agreement to acquire the Caribou Mine and Mill, all
located in the Bathurst Mining Camp of northern New Brunswick. The
Company also has the past-producing Ruttan copper-zinc mine in
northern Manitoba. Initial production from the Halfmile mine
commenced in early 2012 and underground development is ramping up
to achieve a planned production rate of approximately
3,000-tonnes-per-day to feed planned operations at the Company's
Caribou Mill Complex (subject to closure of its acquisition).
In Peru, the Company has the Santander zinc-lead-silver mine and
the former-producing Huampar silver mine, both located in the
Central Peruvian Polymetallic Belt. Mine commissioning is
anticipated to commence at the Santander operation in Q4-2012 with
ramp up to full 2,000-tonnes-per-day production to follow shortly
thereafter. Additionally through its wholly-owned subsidiary,
Trevali Renewable Energy Inc., Trevali is undertaking a significant
upgrade of its wholly-owned Tingo run-of-river hydroelectric
generating facility along with transmission line upgrades and
extensions to allow, in addition to supplying power to the mining
operation on the property, the potential sale of surplus power into
the Peruvian National Energy Grid.
The common shares of Trevali are listed on the TSX (symbol TV),
the OTCQX (symbol TREVF) and on the Lima Stock Exchange (symbol
TV). Warrants to purchase common shares of Trevali are listed on
the TSX (symbol TV.WT). For further details on Trevali, readers are
referred to the Company's web site (www.trevali.com) and to
Canadian regulatory filings on SEDAR at www.sedar.com.
On Behalf of the Board of Directors of TREVALI MINING
CORPORATION
Mark D. Cruise, President
This news release contains "forward-looking statements" within
the meaning of the United States private securities litigation
reform act of 1995 and "forward-looking information" within the
meaning of applicable Canadian securities legislation. Statements
containing forward-looking information express, as at the date of
this news release, the Company's plans, estimates, forecasts,
projections, expectations, or beliefs as to future events or
results and the company does not intend, and does not assume any
obligation to, update such statements containing the
forward-looking information. Such forward-looking statements and
information include, but are not limited to statements as to: the
accuracy of estimated mineral reserves and resources, anticipated
results of future exploration, and forecast future metal prices,
anticipated results of future electrical sales and expectations
that environmental, permitting, legal, title, taxation,
socio-economic, political, marketing or other issues will not
materially affect estimates of mineral reserves. These statements
reflect the Company's current views with respect to future events
and are necessarily based upon a number of assumptions and
estimates that, while considered reasonable by the Company, are
inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies.
These statements reflect the Company's current views with
respect to future events and are necessarily based upon a number of
assumptions and estimates that, while considered reasonable by the
company, are inherently subject to significant business, economic,
competitive, political and social uncertainties and contingencies.
Many factors, both known and unknown, could cause actual results,
performance or achievements to be materially different from the
results, performance or achievements that are or may be expressed
or implied by such forward-looking statements contained in this
news release and the company has made assumptions and estimates
based on or related to many of these factors. Such factors include,
without limitation: fluctuations in spot and forward markets for
silver, zinc, base metals and certain other commodities (such as
natural gas, fuel oil and electricity); fluctuations in currency
markets (such as the Peruvian sol versus the U.S. dollar); risks
related to the technological and operational nature of the
Company's business; changes in national and local government,
legislation, taxation, controls or regulations and political or
economic developments in Canada, the United States, Peru or other
countries where the Company may carry on business in the future;
risks and hazards associated with the business of mineral
exploration, development and mining (including environmental
hazards, industrial accidents, unusual or unexpected geological or
structural formations, pressures, cave-ins and flooding); risks
relating to the credit worthiness or financial condition of
suppliers, refiners and other parties with whom the Company does
business;
inadequate insurance, or inability to obtain insurance, to cover
these risks and hazards; employee relations; relationships with and
claims by local communities and indigenous populations;
availability and increasing costs associated with mining inputs and
labour; the speculative nature of mineral exploration and
development, including the risks of obtaining necessary licenses
and permits and the presence of laws and regulations that may
impose restrictions on mining,; diminishing quantities or grades of
mineral reserves as properties are mined; global financial
conditions; business opportunities that may be presented to, or
pursued by, the Company; the Company's ability to complete and
successfully integrate acquisitions and to mitigate other business
combination risks; challenges to, or difficulty in maintaining, the
Company's title to properties and continued ownership thereof; the
actual results of current exploration activities, conclusions of
economic evaluations, and changes in project parameters to deal
with unanticipated economic or other factors; increased competition
in the mining industry for properties, equipment, qualified
personnel, and their costs. Investors are cautioned against
attributing undue certainty or reliance on forward-looking
statements. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially, there may be other factors that cause results not to be
as anticipated, estimated, described or intended. The Company does
not intend, and does not assume any obligation, to update these
forward-looking statements or information to reflect changes in
assumptions or changes in circumstances or any other events
affecting such statements or information, other than as required by
applicable law.
Trevali's production plans at Halfmile-Stratmat and Santander
are based only on Indicated and Inferred Mineral Resources and not
Mineral Reserves and do not have demonstrated economic viability.
Inferred Mineral Resources are considered too speculative
geologically to have the economic considerations applied to them
that would enable them to be categorized as Mineral Reserves, and
there is therefore no certainty that the conclusions of the
production plans and Preliminary Economic Assessment (PEA) will be
realized. Additionally where Trevali discusses
exploration/expansion potential, any potential quantity and grade
is conceptual in nature and there has been insufficient exploration
to define a mineral resource and it is uncertain if further
exploration will result in the target being delineated as a mineral
resource.
The TSX has not approved or disapproved of the contents of this
news release.
Contacts: Trevali Mining Corporation Steve Stakiw Manager -
Corporate Communications (604) 488-1661 / Direct: (604) 638-5623
(604) 408-7499 (FAX)sstakiw@trevali.com www.trevali.com
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