Tinka Commences Ayawilca PEA and Strengthens Its Technical Team with the Engagement of Ken Engquist
TINKA RESOURCES LIMITED
#1305 – 1090 WEST GEORGIA STREET
VANCOUVER, B.C. V6E 3V7
Tel: (604) 685 9316 Fax (604) 683 1585
Website: www.tinkaresources.com
TSXV & BVL: TK OTCPK: TKRFF
NEWS RELEASE November 28, 2018
TINKA COMMENCES AYAWILCA PEA AND STRENGTHENS ITS TECHNICAL TEAM
WITH THE ENGAGEMENT OF KEN ENGQUIST
Vancouver, Canada – Tinka Resources Limited ( “Tinka” or the “ Company”) ( TSXV & BVL: TK )
(OTCPK: TKRFF ) is pleased to announce that it has formally commenced a Preli minary Economic
Assessment (“PEA”) on the Ayawilca Zinc and Tin Project in Peru . Wood (formerly Amec Foster Wheeler)
in Lima, Peru, has been engaged as lead consultant to prepare the PEA.
In addition, Tinka is pleased to announce the appointment of Mr Ken Engquist as Managing Consultant,
Project Development. Mr. Engquist’s role is to oversee developm ent of the PEA on behalf of the
Company. His track record and extensive experience adds additi onal leadership and project development
expertise to an already strong in-country exploration team, led by Alvaro Fernández-Baca, VP
Exploration. The management team is well qualified to ensure T inka delivers a high value base metal
project in one of the best mining jurisdictions in the industry.
Dr. Graham Carman, President and CEO, stated: “ It is with great enthusiasm that we welcome Ken Engquist
as Tinka’s manager of our Ayawilca Project PEA. Ken brings a broad background of knowledge to Tinka,
with his experience in both major and junior company de velopment projects. His experience is very relevant
for Tinka given his intimate involvement with Arizona Mining’s Hermosa project in the USA and, before that
Nevsun Resources’ Timok project in Serbia. We are l ooking forward to benefitting from Ken’s exceptional
skillset, experience in project mana gement and development and his active involvement as we move
Ayawilca forward.”
Mr. Engquist is based in Vancouver but will be spending much of his time in Peru in support of the
p r o j ec t . Mr E n gq u i s t w i l l r e po rt to Tin ka ’s C E O . Mr . En gqu i s t brings over 25 years of engineering and
project leadership experience to his role. Immediately prior to joining Tinka, he was responsible for
overseeing the feasibility engineering study for Arizona Mining ’s Hermosa Zinc Project which has recently
b e e n f u l l y a c q u i r e d b y S o u t h 3 2 . B e f o r e t h i s , M r . E n g q u i s t w a s VP of Project Development for Nevsun
Resources where he was responsible for the Timok copper project in Serbia. He led all aspects of the
development including chairing the joint venture technical advi sory board comprised of executive experts
from both Nevsun and Freeport-McMoRan. Mr. Engquist’s past expe rience also includes roles with Oxygen
Capital where he was responsible for advancing a portfolio of p rojects within Oxygen’s managed group of
companies (True Gold, Pilot Gold, and Pure Gold) through variou s stages of development from advanced
exploration to start up. He has held positions with AngloGold A shanti as Manager of their Projects Group
within their US operations and sp ent several years with Rio Tin to’s Copper Group as a Senior Project
Manager. Mr. Engquist led the infrastructure engineering for the underground design of the Oyu Tolgoi mine
in Mongolia as well as held senior project leadership roles and consulted on several other mining projects at
operations such as Kennecott Utah Copper, La Granja in Peru, an d Resolution Copper in Arizona. Mr.
Engquist holds a B.Sc. in Engineering from Michigan Technologic al University and is a registered Project
Management Professional.
About Wood
Wood is a global leader in the delivery of project, engineering and technical services to energy and industrial
markets. Wood operates in more th an 60 countries, employing aro und 60,000 people, with revenues of over
$10 billion. The company provides performance-driven solutions throughout the asset life-cycle, from con-
cept to decommissioning across a broad range of industrial mark ets including the upstream, midstream and
downstream oil & gas, power & process, environment and infrastr ucture, clean energy, mining, nuclear and
general industrial sectors www.woodplc.com. The company serves mining industry clients in more than 80
countries, providing a full range of services from initial expl oration through to engineering, construction,
commissioning and closure. It is recognized by the mining indus try and the international finance community
for the production of NI 43-101 Technical Reports and other audit/due diligence work.
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About Tinka Resources Limited
Tinka is an exploration and development company with its flagsh ip property being the 100%-owned
Ayawilca carbonate replacement de posit (CRD) in the zinc-lead-s ilver belt of central Peru, 200 kilometres
northeast of Lima. The Ayawilca Zinc Zone contains 11.7 Mt of I ndicated Resources grading 6.9% zinc,
0.2% lead, 15 g/t silver and 84 g/t indium and 45.0 Mt Inferred Resources grading 5.6% zinc, 0.2% lead, 17
g/t silver and 67 g/t indium. The Ayawilca Tin Zone contains a n Inferred Mineral Resource of 14.5 Mt at
0.63% tin, 0.23% copper & 12 g/t silver (November 26, 2018 release). A maiden PEA is underway, with
results anticipated in the first half of 2019. The Qualified Person, Dr. Graham Carman, Tinka’s President
and CEO, and a Fellow of the Australasian Institute of Mining a nd Metallurgy, has reviewed and verified the
technical contents of this release.
On behalf of the Board,
“Graham Carman”
Dr. Graham Carman, President & CEO
Investor Information:
www.tinkaresources.com
Rob Bruggeman 1.416.884.3556
Company Contact:
Mariana Bermudez, 1.604.699.0202
Forward Looking Statements: Certain information in this news release contains forward-look ing statements and forward-looking
information within the meaning of applicable securities laws (c ollectively " forward-looking statements "). All statements, other
than statements of historical fact are forward-looking statemen ts. Forward-looking statements are based on the beliefs and
expectations of Tinka as well as assumptions made by and inform ation currently available to Tinka's management. Such statemen ts
reflect the current risks, uncertainties and assumptions relate d to certain factors including, without limitations, drilling r esults, the
Company’s expectations regarding the Ayawilca Project PEA, capi tal and other costs varying significantly from estimates,
production rates varying from estimates, changes in world metal markets, changes in equity markets, uncertainties relating to the
availability and costs of financing needed in the future, equip ment failure, unexpected geological conditions, imprecision in resource
estimates or metal recoveries, success of future development in itiatives, competition, operating performance, environmental an d
safety risks, delays in obtaining or failure to obtain necessar y permits and approvals from lo cal authorities, community agree ments
and relations, and other development and operating risks. Shoul d any one or more of these risks or uncertainties materialize, or
should any underlying assumptions prove incorrect, actual resul ts may vary materially from those described herein. Although T inka
believes that assumptions inherent in the forward-looking state ments are reasonable, forward-looking statements are not guaran tees
of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty ther ein.
Except as may be required by applicable securities laws, Tinka disclaims any intent or obligation to update any forward-lookin g
statement.
Neither the 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 news release