Adventus and Salazar Highlight Corporate Social Responsibilities IN Ecuador
Date:
News Release:
Ticker Symbols:
November 13, 2019
19-22
ADZN–V, ADVZF-OTCQX, SRL-V
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ADVENTUS AND SALAZAR HIGHLIGHT CORPORATE SOCIAL RESPONSIBILITIES IN ECUADOR
Toronto, November 13, 2019 – Adventus Mining Corporation (“Adventus”) (TSX-V: ADZN; OTCQX: ADVZF) and
Salazar Resources Limited ("Salazar") (TSX -V: SRL) (collectively the "Partners") are pleased to provide an
update on the ongoing community and economic development activities in Ecuador, at the Curipamba copper-
gold project ("Curipamba" ) as well as similar plans for the earlier stage Pijili and Santiago projects. Local
community, exploration, and project development activities at Curipamba are carried out by the Ecuadorian
company: Curimining S. A. (“Curimining”), which employs an all in-country Ecuadorian team.
The Partners and Curimining are committed to providing tangible benefits to the communities closest to the
Curipamba project , which covers 21,537 hectares in central Ecuador. The local programs aim to encourage
education and capacity building, environmental protection, economic development and diversification, and
improved opportunities for employment either directly with Curimining or by other sectors and industries in the
region. The Curimining staff are activ e members of the communities, with many who are local residents with
their families. It is in this co-operative spirit that the Partners and Curimining continue to work hand- in-hand
with the communities to advance the Curipamba project and development in the region.
Adventus recognizes that the global investment community is increasingly focused on environmental, social and
governance criteria for potential investments (“ESG”). The management and board of Adventus have proactively
begun to reference the World Gold Council’s Responsible Gold Mining Principles as ESG guidelines for the
company’s exploration and project development activities. Adventus has evaluated its various business activities
and has begun to measure ESG progress by initia ting an internal report card . Together with Salazar and
Curimining, Adventus aims to continually advance the understanding and applications of ESG standards to its
projects, teams and local stakeholders in Ecuador.
Below are highlights of some of the ongoing community development initiatives at Curipamba and in Ecuador.
Partnership with ESPOL University
In June 2019, Curimining signed an inter- institutional agreement with Escuela Superior Politécnica del Litoral
(“ESPOL”), a public university in Guayaquil , Ecuador. The agreement aims to strengthen research and
development programs in mathematics, science and particularly geology, in conjunction with the development
of the modern mining sector in Ecuador. The agreement also emphasizes the advancement of tools and systems
to support innovation, training, collaboration between business and civil society, technology transfer and skill s
development for Ecuadorians. Through the partnership, both Curimining and ESPOL will develop academic and
field projects relating to the mining sector, which promote and contribute to sustainable economic development
in Ecuador. For example, the feasibility level environmental and socioeconomic baseline work underway at
Date:
News Release:
Ticker Symbols:
November 13, 2019
19-22
ADZN–V, ADVZF-OTCQX, SRL-V
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Curipamba is being conducted with international best- practices standards and specialized consultants. Th ese
work programs are allowing Curimining and ESPOL to commence several projects that focus on environmental
management and protection for the project communities and as positive case studies for future projects in
Ecuador. The Partners and Curimining are also exploring additional research and skills development
opportunities with other Ecuadorian and international institutions.
Entrepreneurship Cooperative for Agricultural Products
In collaboration with a local agroindustry producer : CAPLAT, and a local business with food production
equipment: Agrosaturno S.A., Curimining continues to support the development of a co -operative of young
professionals and recent graduates focused on value added production of local agricultural products. The
objectives of the co -op are to promote local agribusiness and utilize competitive advantages of existing
agricultural production in the Curipamba region. The co-op currently counts 17 members who are primarily local
women and young entrepreneurs. Since 2018, the co -op has been manufacturing and selling products locally,
including banana chips, banana flour, and sauces under the brand: El Naveñito. For the future, the co-op aims
to work with the Nobis Foundation (Fundación Nobis) of the multi -sector Nobis Group (Consorcio Nobis) to
strengthen its business models and expand the production and export capacities of the co-op.
Community Plants Nursery and Greenhouse Facility
As part of the existing environmental management plan for exploration activities at Curipamba, Curimining has
built and maintained a local plant-life nursery and greenhouse facility over the last decade. The purpose of the
facility is to preserve and grow local native species for reforestation as well as to produce some agricultural
plants for harvest and local consumption. The facility houses approximately 12,000 native plants. The ongoing
program also provides an educational opportunity to impro ve knowledge about sustainability and how
members of the project communities can help protect the local ecosystems. Greenhouse facility management
is led by an agricultural engineer from the National Agricultural Research Institute of Ecuador (INIAP) and
employs four local community members. With the purchase of a new property in 2017, Curimining has been
upgrading the facility infrastructure with the intention of expanding the program to further support
sustainability, education, and local economic development in the region.
Local Arts and Sports Training
The Partners and Curimining are also strong supporters of the arts, culture and sports in the project communities
through a variety of youth and adult program s. For over ten years , Curimining has held an annual elementary
school art competition and a quarterly bursary program which provides economic support to local children.
Curimining is also the proud sponsor of the Grupo de Danza in Las Naves, which actively promotes and supports
local culture through performance arts. Youth teams have gone on to represent project communities in dance
competitions across Ecuador and in Peru . In 2017, Curimining in partnership with local professional football
club: Mineros Sporting Club S.A., established a youth football program which has grown substantially to seven
communities in the Curipamba region. The community program includes both a competitive program for adults
and a skills development program for youth, which involves more than 200 local boys and girls. The Curimining
programs provide an important opportunity particularly to underprivileged youth and women in communities
where support is otherwise limited.
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November 13, 2019
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ADZN–V, ADVZF-OTCQX, SRL-V
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Nobis Foundation and Future Plans
In 2019, Adventus and Salazar welcomed a new strategic investor and long -term supporter of the Curipamba
project in the Nobis Group, one of Ecuador’s largest business conglomerates with interests across agricultural,
real estate, industrial, commercial, co nstruction and tourism sectors. The Partners and Curimining are actively
working with the Nobis Foundation (Fundación Nobis) to explore new regional economic development and
educational opportunities in conjunction with the development of the Curipamba project. Other strategic
shareholders of Adventus have also expressed interest in providing ancillary funding contributions to further
various initiatives, particularly alongside the Nobis Foundation. Curimining staff and local community members
are excited for the opportunity to work with and learn from the Nobis Foundation and build on their successful
development record in other communities across Ecuador.
About Adventus
Adventus Mining Corporation is a well- financed exploration and project development company, focused in
Ecuador. Its strategic shareholders include Altius Minerals Corporation, Greenstone Resources LP, Resource
Capital Funds, Wheaton Precious Metals Corp., and the Nobis Group of Ecuador. Adventus is leading the
exploration and engineering advancement of the Curipamba copper-gold project in Ecuador as part of an earn-
in agreement to obtain a 75% ownership interest. In addition, Adventus is engaged in a country-wide exploration
alliance with its partners in Ecuador, which has incorporated the Pijili and Santiago projects to date. Adventus
is based in Toronto, Canada, and is listed on the TSX-V under the symbol ADZN and trades on the OTCQX under
the symbol ADVZF.
About Salazar
Salazar Resources Limited is a mineral resource company engaged in the exploration and development of
mineral deposits in Ecuador. The company has a proven Ecuadorian discovery team led by ex-head of Newmont
Ecuador, Fredy Salazar; a team of 40 people including 15 geologists; three drill rigs and an unrivalled Ecuadorian
'grass roots' network. The Salazar team has been involved with many discoveries in Ecuador, including Aurelian's
Fruta Del Norte discovery, the Mozo deposit, ex -Newmont's Cangrejos Project and International Minerals' Rio
Blanco; and Gaby Deposit.
Salazar aspires to be Ecuador's leading project generator with the right partners at the right time making the
company self-funding. Salazar has an earn -in agreement on the Curipamba volca nic massive sulphide project,
whereby its partner can earn 75% of the project by funding exploration and development expenditures of US$25
million before 202 3. A feasibility study is expected to be completed during 202 1, after which the partner is
required to fund 100% of the development and construction expenditures to commercial production. In
addition, Salazar has a funded exploration alliance with its partner on two other projects, Pijili and Santiago,
within a defined Area of Interest. Salazar is advancing its 100% owned Rumiñahui, Macara, Los Osos and Alisales
projects with the aim of making Ecuador's next significant copper-gold discovery.
Date:
News Release:
Ticker Symbols:
November 13, 2019
19-22
ADZN–V, ADVZF-OTCQX, SRL-V
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture
Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This press release contains “forward -looking information” within the meaning of applicable Canadian securities laws. Any statements
that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assum ptions or
future events or performance (often, but not always, identified by words or phrases such as “believes”, “anticipates”, “expects”, “is
expected”, “scheduled”, “estimates”, “pending”, “intends”, “plans”, “forecasts”, “targets”, or “hopes”, or variations of such words and
phrases or sta tements that certain actions, events or results “may”, “could”, “would”, “will”, “should” “might”, “will be taken”, or
“occur” and similar expressions) are not statements of historical fact and may be forward -looking statements.
Forward-looking information herein includes, but is not limited to, statements that address activities, events or developments that
Adventus and Salazar expect or anticipate will or may occur in the future. Although Adventus and Salazar have attempted to identify
important factors that could cause actual actions, events or results to differ materially from those described in forward -looking
information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There
can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from
those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Adventus
and Salazar undertake to update any forward-looking information except in accordance with applicable securities laws.
For further information from Adventus, please contact Christian Kargl- Simard, President and Chief Executive
Officer, at 1-416-230-3440 or [email protected].
For further information from Salazar, please contact [email protected].