Trek Mining Releases Year-end 2016 Financial Results and Commences Exploration Drilling at Aurizona
TSX-V: TREK
Suite 730 – 800 West Pender St., Vancouver, BC Canada V6C 2V6
[email protected] +1 604.558.0560 www.trekmining.com
NEWS RELEASE
Trek Mining Releases Year-end 2016 Financial Results and Commences Exploration Drilling at Aurizona
April 28, 2017 – Vancouver, BC – Trek Mining Inc. (TSX-V: TREK) (“Trek” or “the Company”) has released its
audited consolidated financial statements (“Annual Financial Statements”) for the fiscal year ended
December 31, 2016. The Annual Financial Statements and accompanying Management’s Discussion and
Analysis are available for download on the Company’s website at www. trekmining.com and on SEDAR at
www.sedar.com.
The activities included in the Annual Financial Statements pre-date the March 31, 2017 closing of the plan of
arrangement whereby JDL Gold Corp. acquired all of the outstanding securities of Luna Gold Corp. (the
“Transaction”). Accordingly, the Annual Financial Statements do not include the financial results of Luna Gold
or the proceeds from the financing completed concurrently with the Transaction.
Following completion of the T ransaction, JDL Gold was renamed Trek Mining Inc. and changed its trading
symbol to “TREK” on the TSX Venture Exchange. At March 31, 2017, Trek had approximately C$110 million
(US$85 million) in cash and marketable securities, 177.7 million shares outstanding and no cash debt.
Aurizona Exploration Update
The Company has commenced an initial 5,000-metre exploration drill program at the Aurizona Gold Mine in
Brazil. Current gold reserves at Aurizona are primarily contained within the Piaba ore deposit, which remains
open along strike and to depth. The combined reverse circulation and diamond drill program is focused
primarily on the ‘Piaba West’ target, a potential 900-metre long extension of the Piaba ore deposit. The drill
program will also include drilling at the Genipa po target, which lies immediately northeast of the Piaba
deposit. Genipapo is one of a number of prospective, near-mine, drill-ready targets identified from surface
mapping, sampling and limited drilling that the Company intends to explore throughout fiscal 2017.
The broader Aurizona land package located outside of the Company’s 100% owned Aurizona Mine and
brownfields concessions (the “greenfields”) is being explored in a joint venture with AngloGold Ashanti
Holdings plc (“AngloGold”). In March 2017, AngloGold completed a 38,000 line -km regional airborne
magnetic survey over the entire land package, including Trek’s brownfields properties and the Aurizona Mine,
and processing of the data is currently underway. Parallel work programs have focused on environmental
permitting for the drilling program, geologic mapping of drill targets and regional soil geochemistry.
AngloGold has mobilized a diamond drill rig to commence the planned 18,000 metre 2017 drilling program.
Initial results from drilling and related exploration activities at Aurizona are pending and will be reported
when available during the second quarter.
On behalf of the Board of Trek Mining Inc.
“Christian Milau”
CEO & Director
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About Trek Mining Inc.
Trek is a Canadian mining company with a portfolio of production, near- production and exploration -stage
projects in North and South America. The Company is producing gold from its Koricancha Mill, a custom-built
gold and silver ore processing facility in P eru, and is completing a feasibility study for its past-producing
Aurizona Gold Mine in Brazil, with the objective of pouring gold at Aurizona by the end of 2018. Trek’s
exploration properties include both near -mine and district exploration opportunities at Aurizona; the
Warintza project, a porphyry copper-molybdenum exploration project in Southeastern Ecuador; the Ricardo
project, a porphyry copper -molybdenum exploration project in Chile; and Elk Gold, a past -producing high-
grade gold mine in British Columbia, Canada. Further information about Trek’s business strategy and portfolio
of assets is available at www.trekmining.com or by email at [email protected].
Trek Mining Contacts
Christian Milau, Chief Executive Officer
Rhylin Bailie, Vice President Investor Relations
Tel: +1 604-558-0560
Email: [email protected]
Technical Information
Scott Heffernan, M.Sc., P.Geo., the Company’s EVP Exploration, is a Qualified Person under N ational Instrument 43-101
and has approved the technical and scientific disclosure throughout this news release.
Cautionary Notes
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document contains certain forward -looking information and forward -looking statements within the meaning of
applicable securities legislation (collectively “forward -looking statement s”). The use of the words “will” and similar
expressions are intended to identify forward- looking statements. Forward -looking statements contained in this press
release include statements regarding planned exploration activities and results at Aurizona, and the anticipated restart
of production at Aurizona. Although Trek believes that the expectations reflected in such forward- looking statements
and/or information are reasonable, undue reliance should not be placed on forward- looking statements since Trek can
give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such
forward-looking statements, including the risks, uncertainties and other factors identified in Trek’s periodic filings with
Canadian securities regulators, and assumptions made with regard to: the anticipated results of the feasibility study for
the Aurizona Project; the anticipated Board of Directors decision to approve construction of the Aurizona Project; the
ability to raise the capital required to fund construction and development of the Aurizona Project; the ability to restart
production at the Aurizona Project; and timing of the anticipated restart of production. Furthermore, the forward-looking
statements contained in this news release are made as at the date of this news release and Trek does not undertake any
obligations to publicly update and/or revise any of the included forward- looking statements, whether as a result of
additional information, future events and/or otherwise, except as may be required by applicable securities laws.