Azarga Metals Strengthens Management Team
AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
FOR IMMEDIATE RELEASE
15 May 2019 TSX-V: AZR
AZARGA METALS STRENGTHENS MANAGEMENT TEAM
AZARGA METALS CORP. ("Azarga Metals" or the “ Company”) (TSX-V:AZR) following the
Company’s annual and general shareholder meeting held May 14, 2019 the Company is pleased
to announce the appointment of Michael Hopley as the Company’s President and Chief Executive
Officer and the appointment of Dr. Alexander Yakubchuk as t he Company’s Vice President,
Exploration.
Chairman, Alex Molyneux commented, “Having recently completed the US$3 million
investment transaction with Baker Steel Resources Trust, I’m very excited that we are now
putting in place a uniquely qualified leadership team to maximise the results from the next
phase of exploration at our Unkur Copper-Silver Project.”
Michael Hopley is the longest serving director of the Company. He has over 35 years of
international experience as a geologist and exploration manager for resource companies in the
precious metals and base metal sector. For the past 20 years he has managed a number of
publicly traded junior resource companies and held a number of executive and board positions
with companies conducting exploration in various parts of the world. Mr. Hopley was most recently
President & CEO of Sunridge Gold Corp. which concluded a successful major exploration and
development program on the copper-zinc-gold Asmara Project, Eritrea culminating in the sale of
the Asmara Project to a large Chinese company in 2016.
Dr. Alexander Yakubchuk b rings more than 30 years of operational and executive experience
gained in the Former Soviet Union (FSU), including Russia, Kazakhstan, Kyrgyzstan, Uzbekistan,
Australia, M ongolia, China, Canada, and several European countries. He is currently the
Exploration Director of Orsu Metals Corp. (TSX -V:OSU), the holder of the Sergeevskoe gold
project in the same area of Russia as the Company’s Unkur Project. During 2003-07 he held the
position of Exploration Manager for Europe and FSU for Gold Fields. Dr Yakubchuk has
previously worked with and consulted companies such as BHP-Billiton, Norilsk Nickel, Goldcorp,
Rio Tinto, World Bank and Inco and lectured as an Associate Professor at Lomonosov Moscow
State University.
Mr. Hopley and Dr. Yakubchuk have accelerated the planning of the Company’s next phase of
exploration at Unkur, which is anticipated to include the largest drilling campaign yet performed
on the project. The next phase exploration program will be funded via proceeds from the Baker
Steel Resources Trust Investment Transaction (see news releases of 14 February 2019, 29
March 2019, 10 April 2019 and 15 April 2019). Azarga Metals expects a significant increase in
the mineralized envelope on completion of the second phase of exploration. A further
announcement regarding detailed plans for the program and the commencement of drilling will be
made once detailed arrangements are finalised.
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Qualified Person
Azarga Metals’ President and CEO Michael Hopley, a Qualified Person as defined by NI 43-101,
has reviewed and approved the exploration information disclosure contained in this Press
Release.
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. Unkur is a
copper-silver discovery of global significance. On completion of a first phase physical exploration
program in 2016-2018, the Company reported an NI43-101 Inferred Resource of 62 million tonnes
at 0.53% copper and 38.6g/t silver for the project (see news release 15 O ctober 2018). The
Resource remains open in both directions along strike and down-dip.
AZARGA METALS CORP.
"Michael Hopley"
Michael Hopley, President and Chief Executive Officer
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 curr ent planned exploration
activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be
refined; possible variations in ore grade or recovery rates; accidents, labor disputes and other risks of the
mining industry; 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 Corporation disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future events or results or otherwi se.
Forward-looking statements are not guarantees of future performance and accordingly undue reliance
should not be put on such statements due to the inherent uncertainty therein.