Telson Resumes Mining and Milling Operations at Campo Morado
Telson Mining Corporation
TSX.V: TSN OTC Pink: SOHFF
Frankfurt: TSGN.F
Shares Issued: 139,579,152
Page 1 of 3
Telson Resumes Mining and Milling Operations at Campo Morado
Vancouver, British Columbia, January 28, 2019
Telson Mining Corporation (“Telson” or the “Company” (TSX Venture Exchange-TSN, OTC Pink-SOHFF, Frankfurt-TSGN
(formerly SQ82)) is pleased to announce that it has resumed full scale mining and milling operations at its Campo
Morado Mine as of January 26th, 2020.
The company has re-initiated milling operations at approximately 1750 tonnes per day , intending to increase
throughput rate over the coming weeks towards 2000 tonnes per day or more. Underground mining operations have
been underway for approximately two weeks moving mineralized material from the mine to the mill site.
“After suspending Campo Morado mining operations during August 2019 we are very pleased to be in a position to
inform shareholders that improving metal prices and improved community relations have allowed us to resume full
scale mining operations to re-initiate concentrate sales and cash flows” states Antonio Berlanga, CEO, “with the mine
back in production the local community of Arcelia will once again have a major source of employment available and
will benefit from the renewed economic activity.”
Private Placement Financing update
Telson has been marketing a non-brokered private placement as disclosed in a December 27, 2019 press release (the
“Private Placement”) of up to 30,000,000 units (the “Units”) at a price of C$0.10 per Unit for total proceeds of up to
C$3.000,000 and has completed subscription agreements with certain investors for total proceeds of approximate
C$1.89 million and is intending to conduct a first tranche initial closing on proceeds received by immediately filing for
approval with the TSX.V exchange . The balance of the private placement offering remains open under existing
securities exemptions to Accredited Investors, family, friends, and b usiness associates of managemen t as well as
existing shareholders of the company. Qualified investors interested in participating in the remaining unsubscribe
the balance of the private placement are encouraged to contact the Company.
About Telson Mining Corporation
Telson Mining Corporation is a Canadian based mining company with two 100% owned Mexican gold, silver and base
metal mining projects.
Telson's Tahuehueto mining project, located in north-western Durango State, Mexico is currently under construction
having advanced to approximately 70% completion and waiting for final funding to finish construction of the
processing plant and related assets to produce gold, silver, lead and zinc in concentrates within its own on-site mineral
processing facility, with a designed capacity of at least 1,000 tonnes per day. The Company is targeting completion of
construction during 2020, six to eight months after securing final funding.
Telson Mining Corporation
TSX.V: TSN OTC Pink: SOHFF
Frankfurt: TSGN.F
Shares Issued: 139,579,152
Page 2 of 3
Campo Morado is a polymetallic base metal mine with mining and milling equipment capable of p roducing up to
2,500 tonnes per day. Four months after purchasing Campo Morado, Telson brought the mine back into operation
initiating preproduction in October 2017 and declared commercial production in May 2018 , operating the mine
continuously for 22 months until August 2019 when the project was put on care and maintenance as a result of
declining zinc prices and community issues. With improving current conditions Telson just brought the mine out of
care and maintenance and reinitiated mining and milling operations during January 2020.
Qualified Persons
This press release was prepared under the supervision and review of Ralph Shearing, P.Geol., President and
Director of Telson Mining Corporation, a Professional Geologist registered in Alberta as a member of the
professional association APEGA, and a Qualified Person as defined by NI 43 -101.
Visit: www.telsonmining.com
On Behalf of the Board of Directors
(signed) “Ralph Shearing”
Ralph Shearing, President and Director
Cautionary Note Regarding Production Decisions and Forward-Looking Statements
It should be noted that Telson declared commercial production at Campo Morado prior to completing a feasibility study of mineral reserves
demonstrating economic and technical viability. Accordingly, readers should be cautioned that Telson’s production decision has been
made without a comprehensive feasibility study of established reserves such that there is greater risk and uncertainty as to future economic
results from the Campo Morado mine and a higher technical risk of failure than would be the case if a feasibility study was completed
and relied upon to make a production decision. Telson has completed a preliminary economic assessment (“PEA”) mining study on the
Campo Morado mine that provides a conceptual life of mine plan and a preliminary economic analysis based on the previously identified
mineral resources (see News Release dated November 8, 2017 and April 4,2018).
Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements”
(collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities laws. Forward Looking Information
includes, but is not limited to, disclosure regarding the planned recommencement of mining operations at Campo Morado; the ability to
recommence outstanding payments to Nyrstar; and other possible events, conditions or financial performance that are based on
assumptions about future economic conditions and courses of action; the timing and costs of future activities on the Company’s properties,
such as production rates and increases; success of exploration, development and bulk sample processing activities, and timing for
processing at its own mineral processing facility on the Tahuehue to project site. In certain cases, Forward -Looking Information can be
identified by the use of words and phrases such as “plans”, “expects”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or
variations of such words and phrases. In preparing the Forward-Looking Information in this news release, the Company has applied several
material assumptions, including, but not limited to, that the current exploration, development, environmental and other objec tives
concerning the Campo Morado Mine and the Tahuehueto Project can be achieved; that recommencement of operations at Campo Morado
will proceed as planned; that discussions with Nyrstar and the abeyance of any potential default proceedings will be completed in a timely
manner and on reasonable terms, the continuity of the price of gold and other metals, economic and political conditions and operations.
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 implied by the Forward-Looking Information. There can be no assurance that Forward- Looking Information will prove to be accurate,
as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on Forward- Looking Information. Except as required by law, the Company does not assume any obligation to r elease
Telson Mining Corporation
TSX.V: TSN OTC Pink: SOHFF
Frankfurt: TSGN.F
Shares Issued: 139,579,152
Page 3 of 3
publicly any revisions to Forward -Looking Information contained in this news release to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events.
Neither TSX Venture Exchange nor its Regulation Serv ices Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
For further information about Telson Mining Corporation, please contact:
Glen Sandwell
Corporate Communications Manager
Tel: +1 (604) 684-8071