Excelsior Mining Appoints Barry Dahl As New Chief Financial Officer
NEWS RELEASE
Excelsior Mining Appoints Barry Dahl As New Chief Financial Officer
August 15th, 2018
Excelsior Mining Corp. (TSX: MIN) (OTCQX: EXMGF) (FSE: 3XS) ("Excelsior" or the “Company”) is
pleased to announce the appointment of Mr. Barry Dahl as Chief Financial Officer (“CFO”). Mr. Dahl has
replaced Carlo Valente who had served as the Company’s Interim CFO. The Company thanks Mr.
Valente for his valuable contributions during the search for a new CFO. This change is part of a larger
ongoing transition of the Company from developer to producer as the Gunnison Copper Project targets
commercial production in 2019.
Mr. Dahl is a seasoned CFO in the mining sector and has over 30 years of varied accounting and finance
experience. His focus will be on financial strategies and core internal operations as Excelsior grows. Mr.
Dahl spent the past five years as the CFO of Klondex Mines, whi ch was recently acquired for US$462
million. Prior to that Mr. Dahl was CFO of Argonaut Gold. While at Klondex Mines he helped raise over
C$200 million in various equity financings; negotiated royalty and streaming contracts and established a
US$40 million line of credit with a major bank. Mr. Dahl is a C PA and earned an MBA with distinction
from New York Institute of Technology and a bachelor of science degree in accounting from Brigham
Young University. Mr. Dahl’s exceptional skill set in financial structuring and strategic planning will serve
Excelsior well as the Company moves through the final project f inancing stage and into commercial
copper production.
About Excelsior Mining
Excelsior Mining “ The Copper Solution Company ” is a mineral exploration and development company
that is advancing the Gunnison Copper Project in Cochise County , Arizona. The project is an advanced
staged, low cost, environmentally friendly in-situ recovery copper extraction project. The Feasibility Study
projected an after-tax NPV of US$807 million and an IRR of 40% using a US$2.75 per pound copper
price and a 7.5% discount rate.
Excelsior’s technical work on the Gunnison Copper Project is su pervised by Stephen Twyerould,
President & CEO of Excelsior, Fellow of AUSIMM and a Qualified Person as defined by National
Instrument 43-101. Mr. Twyerould has reviewed and approved the technical information contained in this
news release.
Further information about the Gunnison Copper Project can be fo und in the technical report filed on
SEDAR at www.sedar.com entitled: “Gunnison Copper Project, NI 43-101 Technical Report, Prefeasibility
Study Update” dated effective January 28, 2016.
For more information on Excelsior, please visit our website at www.excelsiormining.com.
ON BEHALF OF THE EXCELSIOR BOARD
"Stephen Twyerould"
President & CEO
2
For further information regarding this press release, please contact:
Excelsior Mining Corp.
Concord Place, Suite 300, 2999 North 44th Street, Phoenix, AZ, 85018.
JJ Jennex, Vice President, Corporate Affairs
T: 604-681-8030 x240
www.excelsiormining.com
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward
looking information contained in this news release includes, but is not limited to, stat ements with respect to: (i) the timeli ne for commercial
production from the Gunnison Proj ect; (ii) the results of the Feasibility Study ; and (iii) the ability to mine the Gunnison Pro ject using in-situ
recovery mining techniques.
In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts ", "intends", "anticipates" or "does not anticipate", or "believes", or variation s of such words and
phrases or state that certain actions, events or results "may ", "could", "would", "m ight" or "will be taken", "occur" or "be ac hieved" suggesting
future outcomes, or other expectations, be liefs, plans, objectives, assumptions, intent ions or statements about future events o r performance.
Forward-looking information contained in th is news release is based on certain factor s and assumptions regarding, among other t hings, the
estimation of mineral resources and mineral reserves, the realization of resource and reserve estimates, copper and other metal prices, the
timing and amount of future exploration and development expenditu res, the estimation of initial and sustaining capital requirem ents, the
estimation of labour and operating costs, the availability of nec essary financing and materials to continue to explore and develop the Gunnison
Project in the short and long-term, the progress of exploration and development activities, the receipt of necessary regulatory approvals, the
completion of the permitting process (including the resolution of any filed appeals), the estimation of insurance coverage, and assumptions with
respect to currency fluctuations, environmen tal risks, title disputes or claims, and other similar matters. While the Company c onsiders these
assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
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 imp lied by the
forward-looking information. Such factors include risks inherent in the exploration an d development of mineral deposits, including risks relating
to changes in project parameters as plans continue to be redefi ned including the possibility that mining operations may not com mence at the
Gunnison Project, risks relating to variations in mineral resources and reserves, grade or recovery rates resulting from curren t exploration and
development activities, risks relating to the ability to access infrastructure, risks relating to changes in copper and other c ommodity prices and
the worldwide demand for and supply of copper and related products, risks related to increased competition in the market for copper and related
products and in the mining industry generally, risks related to curr ent global financial conditions, uncertainties inherent in the estimation of
mineral resources, access and supply risks, reliance on key per sonnel, operational risks inherent in the conduct of mining acti vities, including
the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or increased costs that might be encountered
during the development process, regulatory risks, including risks relating to the acqui sition of the necessary licenses and per mits, financing,
capitalization and liquidity risks, including the risk that the financing necessary to fund the exploration and development activities at the Gunnison
Project may not be available on satisfactory terms, or at all, risks related to disputes concerning property titles and interest, environmental risks
and the additional risks identified in the “Risk Factors” section of the Company’s reports and filings with applicable Canadian securities regulators.
Although the Company has attempted to identify important factors t hat could cause actual actions, events or results to differ m aterially from
those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated
or intended. Accordingly, readers should not place undue reliance on forward- looking information. The forward-looking informati on is made as
of the date of this news release. Except as required by applicable securi ties laws, the Company does not undertake any obligati on to publicly
update or revise any forward-looking information.
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, and no securities
regulatory authority has either approved or disapproved of the contents of this release.