Midnight Sun Confirms Kazhiba Licence Remains In Good Standing
Midnight Sun Confirms Kazhiba Licence Remains In Good Standing
Vancouver, British Columbia, September 16, 2024 . Midnight Sun Mining Corporation
(TSXV: MMA / OTC: MDNGF) (“Midnight Sun” or the “Company ”) announces that, further to
its August 29, 2024 news release, the renewal application for Large Scale Exploration
Licence 21509 -HQ-LEL (the “Licence”), which includes the Kazhiba target, was never
rejected as had been previously indicated, incorrectly, in an online public notice dated June
17, 2024. The Mining Cadastre Portal has since been updated to reflect this. The Zambian
Ministry of Mines and Minerals Development (the “Ministry”) has notified the Company in
writing that the decision to accept the Company’s renewal application was, in fact, deferred
to a later meeting of the Mineral Licencing Committee. At this time, the Licence, as outlined
in the Company’s renewal application, remains in good standing.
Midnight Sun ’s President & CEO, Al Fabbro, state d: “As a component of the Cooperative
Exploration Plan with our neighbours , First Quantum Minerals, our Kazhiba Target
represents an exciting opportunity for Midnight Sun to enter near-term production. We are
tremendously pleased that this licence issue was able to be recti fied quickly and did not
create significant disruption to the execution or timing of our plans. I thank our team
members in both Zambia and Canada who worked diligently to address and remedy this
matter swiftly. I would also like to thank the Zambian Minis try of Mines and Minerals
Development for their assistance in rectifying this matter so we can resume our
exploration plans. We are now ready to begin our planned work programs.”
Kazhiba Licence Issue Details
On December 1, 2023, the Company filed an application for the renewal of the Licence,
which includes the Kazhiba target. Under Zambian mining law, large scale exploration
licences are issued for a four- year period, and may be renewed, on application, for up to
two additional three -year periods. The Licence was originally issued March 1, 2017, and
renewed February 28, 2021.
The status of the Licence was incorrectly identified in an online public notice dated June 17,
2024. This incorrect information was subsequently posted on the Mining Cadastre Portal ,
stating that the Licence had been rejected. In August 2024, it was discovered that the
Mining Cadastre Portal was incorrectly showing a new mineral exploration licence
overlaying the Licence, listed in the name of Keki Mining Limited. Keki Mining Limited does
not now, and never has had , ownership overlapping Midnight Sun’s Licen ce area. Keki did
acquire ground adjacent to the Licence which as dropped by the Company during the
renewal process. When the errors wer e identified , the Company undertook a rigorous
campaign to rectify the issue, with both Canadian and Zambian teams working directly with
the Zambian Ministry of Mines and Minerals Development to rectify the errors as quickly as
possible. The Mining Cadastre Portal has since been updated to reflect the correct status of
the Licence and remove the overlaying licence.
On September 12, 2024, t he Company received a letter dated April 22, 2024, from the
Ministry, advising the Company that the application for renewal has been deferred pending
a site verification report to ascertai n the exploration progress undertaken during the
previous tenure (the “Verification Report”). The Verification Report must be prepared by the
Geological Survey Department of Zambia (the “Geological Survey Department ”). The
Company has been provided with 14 days from September 12, 2024, to have the required
report prepared and submitted. Company representatives contacted the Geological Survey
Department on September 13, 2024 to formally request that a site visit and report be
completed for submission within the 14-day period. If this report cannot be filed within the
14-day period, the Company’s lawyers will request an extension to this period.
The Company intends to have the required Verification Report submitted within the
required time peri od. Submission of the required report is dependent in part on the
availability of third parties and there is no assurance that such persons will be available.
Accordingly, there can be no guarantee that the Verification Report will be completed and
submitted within the two -week timeframe provided or that an extension beyond the two -
week timeframe would be granted, nor is there any guarantee that the Verification Report
will be accepted by the Ministry and the Licence renewed.
Qualified Person: Darin Labrenz, P.Geo., a Qualified Person under NI 43 -101, has reviewed
and approved the technical data and contents of this release.
About Midnight Sun
Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia.
Situated in the heart of the Zambia-Congo Copperbelt, the second largest copper
producing region in the world, our property is vast and highly prospective. Our Solwezi
Project is surrounded by world -class producing copper mines, including Africa’s largest
copper mining complex right next door, First Quantum’s Kansanshi Mine. Led by an
experienced geological team with multiple discoveries and mines around the world to their
credit, Midnight Sun intends to find and develop Zambia’s next generational copper
deposit.
ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.
Al Fabbro
President & CEO
For Further Information Contact:
Adrian O’Brien
Director of Marketing and Communications
Tel: +1 604 809 6890
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IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS NEW RELEASE.
This news release contains “forward-looking statements” within the meaning of the applicable Canadian
securities legislation that are based on expectations, estimates, assumptions and projections as at the
date of this news release. The information in this news release about the resolution of mineral
exploration licence renewals , timing and abil ity of the Company to obtain the approval of relevant
regulatory bodies, if at all; and any other information herein that is not a historical fact may be “forward
looking statements”. Any statement that involves discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, assumptions, future events or performance (which may , but not
always, include phrases such as “anticipates”, “plans”, “scheduled”, “believed” or “intends” or variations
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forward-looking statements and are intended to identify forward-looking statements.
Although the forward- looking statements contained in this news release are based upon what
management believes, or believed at the time, to be reasonable assumptions, the Company cannot
assure readers that actual results will be consistent with such forward -looking statements, as there may
be other factors that cause results not to be as anticipated, estimated or intended. Such factors include,
among others, risks relating to the timing and ability of the Company to obtain and the timing of the
approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access
to the project; risks inherent in mineral exploration, including the fact that any particular phase of
exploration may be unsuccessful; geo-political risk s; the global economic climate; metal prices;
environmental risks; political risks; and community and non- governmental actions. Neither the Company
nor any other person assumes responsibility for the accuracy and completeness of any such forward-
looking statements. The Company does not undertake, and assumes no obligation, to update or revise
any such forward- looking statements or forward -looking information contained herein to reflect new
events or circumstances, except as may be required by law.