Azarga Metals Management Change
AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
FOR IMMEDIATE RELEASE TSX-V: AZR
AZARGA METALS MANAGEMENT CHANGE
April 27, 2021 – Vancouver, B.C. - AZARGA METALS CORP. ("Azarga Metals " or the
“Company”) (TSX-V:AZR) is pleased to announce the appointment of Gordon Tainton as a
director and as the Company President and Chief Executive Officer, succeeding Michael Hopley
who has stepped down to pursue other interests.
Mr. Tainton is an experienced, successful business leader who, since the early 2000’s has held
senior management and board positions in both public and private companies within the mining
and extractive industries as well as physical commodity marketing. His project experi ence
includes involvement with studies and development plans, trading, logistics, off-take agreements
and project financing, and he has significant experience in project generation in the junior mining
sector. Tainton currently serves as a Non- Executive In dependent Director on the board of
Vancouver-based Northern Lights Resources Corp. (CSE: NLR) and Metallum Resources Inc.
(TSX-V: MZN). He holds a BA from Simon Fraser University.
Commenting on the management change, Chairman Alex Molyneux said: “Michael is the
longest serving Azarga Metals director and has contributed tremendously to its
exploration works and project development activities over the years, including leading the
most recent campaigns on our Unkur Copper -Silver Project in his capacit y as President
and CEO for the last two years. On behalf of the board and the company, I thank him for
his efforts and wish him well for his next endeavors.”
Alex Molyneux went on to say: “I’m excited to bring Gordon on at this time. I believe with his
network and strategic thinking we could see some interesting developments for the
Company ahead.”
Mr. Tainton was granted a total of 3,000,000 incentive stock options for up to a five-year period
at an exercise price of $0.13, being a premium to market price.
As announced on April 12, 2021, Azarga Metals has commissioned Wardell Armstrong
International (“WAI”) to prepare a Preliminary Economic Assessment (“PEA”), incorporating an
updated Mineral Resource estimate for Azarga Metals 100% owned Unkur Copper-Silver Project
in Eastern Russia. Work on the PEA continues to progress and will consider various operating
scenarios incl uding a low capital and operating cost heap -leaching scenario. Additional
metallurgical test work is underway with the aim of demonstrating lower reagent consumption for
Unkur ore in the leach cycle. Heap- leaching to extract both the copper and silver at U nkur is an
important option to consider because it creates the potential for lower capital expenditure and a
shorter timeline to production. As such, the results of the additional metallurgical test work are
essential to the outcome of the PEA.
Mr. Tainton and Mr. Hopley are working together to ensure a smooth transition for the outstanding
PEA works.
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AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
About Azarga Metals Corp.
Azarga Metals is a mineral exploration and development company that owns 100% of the Unkur
Copper-Silver Project in the Zabaikalsky administrative region in eastern Russia. On completion
of a first phase physical exploration program in 2016- 2018, the Company estimated an Inferred
Resource of 62 million tonnes at 0.53% copper and 38.6g/t silver for the project in the report
entitled “Technical Report and Preliminary Economic Assessment for the Unkur Copper -Silver
Project, Kodar-Udokan, Russian Federation” dated effective 30, August 2018 authored by Tetra
Tech Mining & Minerals.
AZARGA METALS CORP.
"Alexander Molyneux"
Alexander Molyneux,
Chairman
For further information please contact: Doris Meyer, at +1 604 536 -2711 ext. 6, visit
www.azargametals.com, or follow us on Twitter @AzargaMetals. The address of the head office
of Azarga Metals is Unit 1 - 15782 Marine Drive, White Rock, BC V4B 1E6, British Columbia,
Canada.
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 release.
Cautionary Statement:
This news release contains forward- looking statements that are based on the Corporation's current
expectations and estimates. Forward- looking statements are frequently characterized by words such as
"plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors that could cause actual events or results
to differ materially from estimated or anticipated events or results implied or expressed in such forward-
looking statements. Such factors include, among others: the actual results of current plan ned exploration
activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be
refined; possible variations in mineralization grade or recovery rates; accidents, labor disputes and other
risks of the mining indust ry; delays in obtaining governmental approvals or financing; and fluctuations in
metal prices. There may be other factors that cause actions, events or results not to be as anticipated,
estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and,
except as may be required by applicable securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement, whether as a result of new information, future events or results or
otherwise. Forward-looking statements are not a guarantee of future performance and accordingly undue
reliance should not be put on such statements due to the inherent uncertainty therein.