Marimaca Appoints Oscar Valenzuela as VP Project and Alexis Muñoz as VP Project Execution
News Release
Marimaca Appoints Oscar Valenzuela as VP Project and Alexis Muñoz as VP Project
Execution
Vancouver, British Columbia, September 9th, 2024 – Marimaca Copper Corp. (“Marimaca Copper” or the “Company”)
(TSX: MARI) is pleased to announce the appointment of Oscar Valenzuela as Vice President, Project and Alexis Muñoz as Vice
President, Project Execution. Mr. Valenzuela brings over 35 years experience in executive development and operational
leadership roles in the mining industry. Mr. Muñoz has over 29 years of experience in the construction and execution of large-
scale mining projects in senior management roles. Both Mr. Muñoz and Mr. Valenzuela are based in Santiago, Chile.
Mr. Valenzuela is a senior mining executive with over 35 years of experience in progressively more senior operating roles in the
industry. Prior to joining Marimaca, Mr. Valenzuela was the Director of Projects for Capstone Copper (“Capstone”) at Mantos
Blancos and Mantoverde until June 2024 . Before this, he was the Head of Projects for Mantos Copper and Manager of
Operations for Mantos Blancos. Mr. Valenzuela has also held the roles of General Manager of Mantoverde for Anglo American,
and General Manager of Lomas Bayas for Glencore amongst other senior positions.
Before joining Marimaca, Mr. Mu ñoz was the Construction and Commissioning Ma nager for Capstone’s recently completed
Mantoverde Development Project where he was responsible for the management of construction activities, commissioning and
the development of the Operational Readiness Plan (ORP). Prior to this, Mr. Mu ñoz was the Project Manager for Mantos
Copper’s Mantos Blancos Concentrator Debottlenecking Project. Mr. Muñoz held previous roles as Vice President of Projects at
Collahuasi (Glencore, Anglo American and Mitsui) and as Project Manager of Major Projects at BHP.
Hayden Locke, President & CEO of Marimaca Copper, commented:
“We are excited to welcome Oscar and Alexis to the Marimaca Team. Oscar brings an enormous amount of experience in
executive operational leadership in Chile which will be critical during the next phase of our development strategy. Alexis brings
deep execution experience across major, and relevant, mining projects, and he represents an important addition to our Owners
Team as we move toward the development of the MOD. People are a top priority for the Company over the coming 12 months,
and both Oscar and Alexis bring a unique skillet to our business across project development and construction execution”
Contact Information
For further information please visit www.marimaca.com or contact:
Tavistock
+44 (0) 207 920 3150
Jos Simpson / Adam Baynes
Forward Looking Statements
This news release includes certain “forward- looking statements” under applicable Canadian securities legislation, including,
without limitation, statements regarding exploration activities, planned drilling programs, and the development activities at the
Marimaca Oxide Deposit (“MOD”). There can be no assurance that such statements will prove to be accurate, and actual results
and future events could differ materially from those anticipated in such statements. Forward- looking statements reflect the
beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and
estimates that, while considered reasonable by Marimaca Copper, are inherently subject to significant business, economic,
competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual
results, performance or achievements to be materially different from the results, performance or achievements that are or may
be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on
or related to many of these factors. Such factors include, without limitation: risks that the exploration development activities
at Mercedes and the MOD will not progress as anticipated, or at all, risks that the Definitive Feasibility Study (“DFS”) may not
be completed as anticipated, or at all, risks that the MOD project permitting submission may not be submitted as anticipated,
or at all, risks related to sha re price and market conditions, the inherent risks involved in the mining, exploration and
development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data,
fluctuating metal prices, the possibility o f project delays or cost overruns or unanticipated excessive operating costs and
expenses, uncertainties related to the necessity of financing, uncertainties relating to regulatory procedure and timing for
permitting submissions and reviews, the availabili ty of and costs of financing needed in the future as well as those factors
disclosed in the annual information form of the Company dated March 2 8, 2024 and other filings made by the Company with
the Canadian securities regulatory authorities (which may be viewed at www.sedar.com). Readers should not place undue
reliance on forward-looking statements. Marimaca Copper undertakes no obligation to update publicly or otherwise revise any
forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as
may be required by law.
Neither the TSX nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of
this release.