Tinka Provides Update ON PERU Activities
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 May 11th, 2020
TINKA PROVIDES UPDATE ON PERU ACTIVITIES
Vancouver, Canada – Tinka Resources Limited ( “Tinka” or the “ Company”) ( TSXV & BVL: TK )
(OTCPK: TKRFF) is pleased to advise that the Company’s employee in Peru who tested positive to COVID-
19 as disclosed on March 26 th has now fully recovered from the virus and is in good health. To the best of our
knowledge, there are no other cases of COVID-19 infection among st Tinka employees or in the communities
associated with our activities in the Pasco region of Peru.
The state of emergency in Peru has been in place since March 15th and is now extended until May 24th following
a recent announcement by the government of Peru. Mining is one of the key sectors of the Peruvian economy,
and the government has indicated that mining will be one of the first industries to recommence after the
lockdown eases, using a phased stage approach. The restart in mining will begin with large operations and
strategic mining projects under c onstruction, while exploration and development projects like Ayawilca will
commence a short while after.
Tinka’s employees in Peru have been in self-isolation during the lockdown, while our community relations team
has continued to engage with the local communities in preparedness for an increase in work activities to follow.
Prior to the restart of exploration activities, Tinka will be required (along with all resource companies) to obtain
approval from government bodies for its own health protocols. T he protocols will incorporate self distancing,
disinfection procedures and COVID-19 testing among other measur es. The Company is planning for the next
exploration phase at Ayawilca to commence during the latter part of 2020, which is expected to include at least
7,000 metres of infill and step-out drilling, with a focus on g rowing and upgrading the high-grade zinc-silver
resources at West and South.
Tinka is well funded, following the investment by Buenaventura and Sentient in January 2020, and has no debt.
The Company has also taken steps to reduce its overhead costs to match reduced levels of activities.
President and CEO of Tinka, Dr. Graham Carman, stated: “ Tinka’s fundamentals remain strong following the
strategic financing completed early in 2020, underpinned by our 100% owned Ayawilca zinc-silver project. The
safety of our employees and their families and our near by communities remains our highest priority, and our
Peruvian management team is to be congratulated for its decisive response to prevent the spread of COVID-19
at our project camp. Corporate administration costs have been reduced during this lockdown period as we aim
to preserve the Company’s cash position. We look forward to updating the market as our field activities in Peru
recommence in coming weeks.”
About Tinka Resources Limited
Tinka is an exploration and devel opment company with its flagship property being the 100%-owned Ayawilca
carbonate replacement deposit (CRD) located in the zinc-lead-si lver 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, 15 g/t
silver, 0.2% lead and 84 g/t indium and 45.0 Mt Inferred Resources grading 5.6% zinc, 17 g/t silver, 0.2% lead
and 67 g/t indium. A Preliminary Economic Assessment for the A yawilca Zinc Zone was released on July 2,
2019 (see release). The Qualified Person, Dr. Graham Carman, Tinka’s President and CEO, and a Fellow of
the Australasian Institute of Mining and Metallurgy, has review ed and verified the technical contents of this
release.
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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 re lease contains forward-looking statements and forward-
looking information within the meaning of applicable securities laws (collectively "forward-looking statements"). All
statements, other than statements of historical fact are forwar d-looking statements. Forward-looking statements are based
on the beliefs and expectations of Tinka as well as assumptions made by and information currently available to Tinka's
management. Such statements reflect the current risks, uncerta inties and assumptions related to certain factors including,
without limitations: planned drill programs and results varying from expectations; delay in obtaining results; expectations
regarding the Ayawilca Project PEA; the potential impact of epidemics, pandemics or other public health crises, including
the current outbreak of the novel coronavirus known as COVID-19 on the Company’s business, operations and financial
condition; changes in world metal markets; changes in equity markets; uncertainties relating to the availability and costs of
financing needed in the future; equipment failure, unexpected g eological conditions; imprecision in resource estimates or
metal recoveries; success of fut ure development initiatives; co mpetition and operating performance; environmental and
safety risks; delays in obtaining or failure to obtain necessar y permits and approvals from local authorities; community
agreements and relations; and, other development and operating risks. Should any one or more of these risks or uncertainties
materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described
herein. Although Tinka believes that assumptions inherent in t he forward-looking statements are reasonable, forward-
looking statements are not guara ntees of future performance and accordingly undue reliance should not be put on such
statements due to the inherent uncertainty therein. Except as may be required by applicable securities laws, Tinka disclaims
any intent or obligation to update any forward-looking 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