1 | Page Telson Announces Resignation of Director
Telson Mining Corporation
TSX.V: TSN OTC Pink: SOHFF
Frankfurt: TSGN.F
Shares Issued: 175,360,968
1 | Page
Telson Announces Resignation of Director
Vancouver, British Columbia, August 31, 2020
Telson Mining Corporation (“ Telson” or the “ Company” (TSX Venture Exchange -TSN, OTC Pink-SOHFF, Frankfurt-TSGN
(formerly SQ82 )) announces the resignation from the Board of Directors by Mr. Remigio Martinez Muller for personal
reasons.
Sr. Martinez worked his whole professional career with Grupo Mexico starting in 1967 as a Mine Geologist in Taxco,
Guerrero and ending as Grupo Mexico’s Director of Explorat ion in 2013. From 2013 to 2016 he maintained an exclusive
consultant position with Grupo Mexico and became an independent consultant thereafter.
In his 46 -year career with Grupo Mexico, Sr. Martinez worked as a Geophysicist and Exploration Geologist, Manager of
Mine Geology for underground operations, and Director of Exploration for Grupo Operations in Mexico, Peru, USA,
Canada, French Guyana, Ireland, Australia and Chile. During his career, he worked in all facets of mineral exploration and
development, from field geology to final economic evaluation of properties and onward to underground and open pit
mining operations.
"The Board of Directors an d management thank Remigio for his valuable contribution to Telson over the past serval
years. His experience and guidance will be missed by both the board and management. In addition, we wish Remigio a
prompt return to good health as he focuses on his retirement." States Mr. Ralph Shearing, CEO.
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 where construction has been
advanced to an estimated 60-70% of completion, is 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 da y. The Company is targeting completion of construction during
2021, six to eight months after securing final funding.
Campo Morado is a polymetallic base metal mine with mining and milling equipment capable of producing up to 2,500
tonnes per day. Four mo nths 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 pu t on care and maintenance. Telson brought the mine out of care and
maintenance and reinitiated mining and milling operations during late January 2020 , temporarily suspended operations
during April and May 2020 as mandated by the Mexican Government for CO VID-19 precautions, and re -initiated mining
operations June 4, 2020 after mining was declared an essential service within Mexico.
Visit: www.telsonmining.com
On Behalf of the Board of Directors
(signed) “Ralph Shearing”
Ralph Shearing, President, CEO and Director
Telson Mining Corporation
TSX.V: TSN OTC Pink: SOHFF
Frankfurt: TSGN.F
Shares Issued: 175,360,968
2 | Page
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 st udy was
completed and relied upon to make a production decision. Telson has completed a preliminary econom ic 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;
and other possible events, conditions or financial performance that are based on assumptions about future economic conditio ns and
courses of action; the timing and costs of future activities on the Company’s properties, such as production rates and increa ses;
success of exploration, development and bulk sample processing activities, and timing for processing at its own mineral processing
facility on the Tahuehueto 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 o f 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 objectives concerning the Campo
Morado Mine and the Tahuehueto Project can be achieved ; that recommencement of operations at Campo Morado will proceed as
planned; 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 ex pressed 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 release 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 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.
For further information about Telson Mining Corporation, please contact:
Glen Sandwell
Corporate Communications Manager
Tel: +1 (604) 684-8071