TriMetals Mining Announces Board and Management Changes
TriMetals Mining Announces Board and Management Changes
Vancouver BC Canada, January 30, 2019
TriMetals Mining Inc . (TSX: TMI) (OTCQX:TMIAF), (“TMI” or the “Company” ), announces that
Mr. Eric Edwards has submitted his resignation as T MI’s President and Chief Executive Officer
and from TMI’s Board of Directors effective January 31, 2019.
The Board of Directors of TMI are grateful for Mr. Edwards’ achievements while at TMI. He joined
TMI in January 2018 and was successful in streamlining and focusing the Company. In the past
year, the Company has signed a divestiture agreement for the Escalones Copper Project in Chile,
received the award notification regarding expropria tion of the Malku Khota project in Bolivia for
US$28 million (including interest), and has minimiz ed administration and overhead costs. The
Company no longer has any secured debt after having recently completed a conversionof US$1.7
million in secured debt into common shares.
Mr. Matias Herrero has been appointed as Interim Ch ief Executive Officer effective February 1,
2019. Mr. Herrero previously served as Chief Finan cial Officer of the Company from July 2012
through October 2017. Mr. Herrero is a CA, CPA, with 14 years of mining industry experience and
was involved with TMI in the Malku Khota arbitration proceedings from the beginning.
Mr. van Doorn, Chairman of the Company, stated: “TM I welcomes Mr. Herrero back to the
Company where his knowledge of our claim against Bo livia will be very valuable and we expect
Mr. Herrero to be able to continue with the cost sa vings measures that Mr. Edwards has
implemented.”
About TriMetals Mining Inc.
TriMetals Mining Inc. (TSX: TMI and OTCQX: TMIAF) i s a growth-focused gold exploration
company creating value through the exploration and development of the near-surface Gold
Springs gold-silver project in mining-friendly Nevada and Utah, U.S.A.
The Company’s Class B shares are listed on the Toro nto Stock Exchange under “TMI.B” and
have no interest in the properties or assets of the Company other than the collective entitlement
to 85% of the net cash, if any (after deducting all costs, taxes and expenses and the amount due
to a third party that funded the costs of the arbitration), received by the Company from an award
or settlement in relation to South American Silver’s arbitration proceeding against Bolivia for the
expropriation of the Malku Khota project in 2012.
TriMetals Mining Inc. Contact:
Robert van Doorn
Chairman
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Forward-looking Statements
Certain statements contained herein constitute “for ward-looking information” under applicable
Canadian securities laws (“forward-looking statemen ts”). Forward-looking statements look into
the future and provide an opinion as to the effect of certain events and trends on the business.
Forward-looking statements may include words such a s “shall”, “will”, and similar expressions.
These forward-looking statements are based on current expectations and entail various risks and
uncertainties. Actual results may materially differ from expectations if known and unknown risks
or uncertainties affect our business or if our estimates or assumptions prove inaccurate. Factors
that could cause results or events to differ materi ally from current expectations expressed or
implied by the forward-looking statements, include, but are not limited to, risks more fully
described in the Company’s Annual Information Form and continuous disclosure documents,
which are available on SEDAR at www.sedar.com.
Readers are cautioned not to place undue reliance on the forward-looking statements contained
in this press release. Except as required by law, t he Company assumes no obligation to update
or revise any forward-looking statement, whether as a result of new information, future events or
any other reason. Unless otherwise indicated, forwa rd-looking statements in this press release
describe the Company’s expectations as of the date hereof.