Minera Tres Valles SpA Receives Court Approval to Begin Liquidation Proceedings
FOR IMMEDIATE RELEASE
Minera Tres Valles SpA Receives Court Approval to Begin Liquidation Proceedings
TORONTO, February 17, 2 023 (TSXV: TVC) (OTCQB: TVCCF) Three Valley Copper Corp. (“Three Valley
Copper”, “TVC” or the “Company”) today announced that Minera Tres Valles SpA (“MTV”), the Company’s
95.1% Chilean copper mining subsidiary, has received from the Civil Courts of Santiago, the declaration of
the bankruptcy liquidation.
As part of this process, a liquidator has been appointed and immediately assumes full responsibility for
the operations and management of MTV. The liquidator will carry out or exercise, as applicable, all acts,
rights, and obligations of MTV and will be required to perform all acts necessary for the preservation of
MTV’s rights against its debtors and creditors. Further information will be communicated to affected
parties in accordance with Chilean applicable legislation.
The public company, Three Valley Copper, is expected to continue as a going concern independent of the
bankruptcy liquidation of MTV.
Until now, Three Valley Copper’s primary focus has been the restructuring of MTV. With the liquidation of
MTV started, TVC will now turn its attention to TVC ’s future. As a public company, Three Valley Copper has
approximately USD$5 million in cash, limited liabilities, and tax pools. It is expected that management and
the board of directors will announce their intended strategy for TVC in the coming months.
For more information about the Company, please visit www.threevalleycopper.com.
Cautionary Statement Regarding Forward-Looking Information
Certain statements in this news release, contain forward -looking information (collectively referred to
herein as the "Forward-Looking Statements") within the meaning of applicable Canadian securities laws.
The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project",
"should", "believe", "plans", "intends" and similar expressions are intended to identify Forward -Looking
Statements. In particular, but without limiting the foregoing, this news release contains Forward-Looking
Statements pertaining to : the liquidation proceedings of MTV; the financial condition of TVC ; and
expectations regarding a go-forward strategy for TVC.
Although TVC believes that the Forward -Looking Statements are reasonable, they are not guarantees of
future results, performance or achievements. A number of factors or assumptions have been used to
develop the Forward -Looking Statements, including: the legal and financial implication of MTV’s
liquidation proceedings, the potential utility of TVC’s tax pools ; ability of management and the board of
directors to devise a strategy for TVC and the continued availability of quality management.
Actual results, performance or achievements could vary materially from those expressed or implied by the
Forward-Looking Statements should assumptions underlying the Forward -Looking Statements prove
incorrect or should one or more risks or other factors materialize, including: (i) unexpected legal or
financial implications of MTV’s liquidation process; (ii) changes in appliable tax laws; (iii) the availability of
suitable investments; (iv) risks associated with investments in emerging markets; ( v) general economic,
market and business conditions; ( vi) market volatility that would affect the ability to enter or exit
investments; ( vii) commodity price and foreign exchange fluctuations and uncertainties; ( viii) risks
associated with catastrophic events, manmade disasters, terrorist attacks, wars and other conflicts, or an
outbreak of a public health pandemic or other public health crises, including COVID -19; (ix) those risks
disclosed under the heading "Risk Management" in TVC’s Management’s Discussion and Analysis for the
period ended December 31, 202 1; and (x) those risks disclosed under the heading "Risk Factors" or
incorporated by reference into TVC’s Annual Information Form dated March 3, 2021. The Forward-Looking
Statements speak only as of the date hereof, unless otherwise specifically noted, and the Company does
not assume any obligation to publicly update any Forward-Looking Statements, whether as a result of new
information, future events or otherwise, except as may be expressly required by applicable C anadian
securities laws.
For further information:
Michael Staresinic
President and Chief Executive Officer
T: (416) 943-7107
Source: Three Valley Copper Corp.
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.