Azucar Reports Notification of Lawsuit on El Cobre Concessions, Mexico
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NEWS RELEASE
September 29, 2023
Trading Symbols:
TSX-V: AMZ; OTCQB: AXDDF
www.azucarminerals.com
Azucar Reports Notification of Lawsuit on El Cobre Concessions, Mexico
VANCOUVER, B.C. Azucar Minerals Ltd. ("Azucar" or the "Company") (TSX -V: AMZ; OTCQB: AXDDF)
reports that, further to its press release of June 2, 2023, it has received notification from the First District
Court of Veracruz (“First District Court”) that its Mexican subsidiary, Minera Alondra (“Alondra”), has been
named in a lawsuit (“Amparo”) relating to twen ty-four mineral concessions in Veracruz, Mexico (the
“Concessions”), some of which are held by Alondra. The concessions owned by Alondra that are named in
the Amparo cover the El Cobre project.
The Amparo was filed in 2022 before the First District Court by thirty-three people from the municipalities
of Actopan and Alto Lucero (the “Plaintiffs”) who claim that the Concessions affect their right to water and
a clean environment amongst other things, a nd that they should have been consulted prior to the
Concessions being issued . The Amparo was brought against the Ministry of Economy, the mining
authorities ( the General Directorate of Mining and the Public Mining Registry ) and both chambers of
Congress, and is seeking to cancel the Concessions. The Plaintiffs also requested an injunction on the
Concessions so that their rights would not be affected during the Amparo lawsuit.
The First District Court has now notified Alondra that the Amparo has been admitted and that Alondra is an
affected third party. The First District Court has also stated that, although the Plaintiffs have not presented
any evidence of damage, the continuation of mining-related activities in the area could affect the Plaintiffs’
right to health and to a healthy environment, and therefore i t has granted a definitive injunction requiring
the cessation of mining-related activities on the Concessions that may affect the Plaintiffs. At this time, the
Company does not know if the claimed environmental rights of the Plaintiffs or their property may be related
to the concessions owned by Alondra.
With this notification, Alondra is now able to make arguments before the First District Court, and as a first
step it intends to file arguments relating to both the admission of the Amparo and the injunction.
Azucar is not planning any fieldwork at El Cobre until this situation is clarified.
On behalf of the Board of Directors,
“J. Duane Poliquin”
J. Duane Poliquin, P.Eng.
Chairman, Azucar Minerals Ltd.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain of the statements and information in this news release constitute “forward -looking statements” within the
meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within
the meaning of applicable Canadian provincial securities laws. All state ments, other than statements of historical fact,
are forward-looking statements or information. Forward -looking statements or information in this news release relate
to, among other things, the Amparo lawsuit, legal steps the Company may take in connection with the Amparo lawsuit
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and the injunction, including the Company’s intention to file appeals relating to both the admission of the Amparo and
the injunction, and future operations on the El Cobre Project.
These forward-looking statements and informati on reflect the Company’s current views with respect to future events
and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are
inherently subject to significant legal, regulatory, business, operational and economic uncertainties and contingencies,
and such uncertainty generally increases with longer-term forecasts and outlook. These assumptions include: stability
and predictability in Mexico’s mineral tenure, mining, environmental and agrarian laws and regulations, as well as their
application and judicial decisions thereon; continued respect for the rule of law in Mexico; all necessary permits,
licenses and regulatory approvals being received in a timely manner; the ability to secure and maintain title and
ownership to properties and the surface rights necessary for operations; community support in the El Cobre Project;
and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.
The Company cautions the reader that forward-looking statements and information involve known and unknown risks,
uncertainties and other factors that may cause actual results and developments to differ materially from those
expressed or implied by such forward-looking statements or information contained in this news release. Such risks and
other factors include, among others, risks related to: political risk in Mexico; crime and violence in Mexico; corruption;
environmental risks, including environmental matters under Mexi can laws and regulations; impact of environmental
impact assessment requirements on the Company’s planned exploration and development activities on the El Cobre
Project; certainty of mineral title and the outcome of litigation; community relations; governm ental regulations and the
ability to obtain necessary licences and permits; risks related to mineral properties being subject to prior unregistered
agreements, transfers or claims and other defects in title; changes in mining, environmental or agrarian law s and
regulations and changes in the application of standards pursuant to existing laws and regulations which may increase
costs of doing business and restrict operations; as well as those factors discussed the section entitled "Risk Factors"
in the Company’s latest Management’s Discussion and Analysis available at www.sedar.com. Although the Company
has attempted to identify important factors that could affect the Company and may cause actual actions, events or
results to differ materially from those described in forward-looking statements or information, there may be other factors
that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assu rance that
our forward-looking statements or information will prove to be accurate. Accordingly, readers should not place undue
reliance on forward-looking statements or information. Except as required by law, the Company does not assume any
obligation to release publicly any revisions to on forward -looking statements or information contained in this news
release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact Information:
Azucar Minerals Ltd.
Tel. 604.689.7644
Email: [email protected]
http://www.azucarminerals.com/