Augusta Appoints Gordon Jang as Vice
President and Controller
VANCOUVER,
BC, March 2, 2009 - Augusta Resource Corporation (TSX/NYSE Alternext:
AZC) (“Augusta” or “the Company”) is pleased
to announce the appointment of Gordon Jang to the position of Vice
President and Controller effective March 1, 2009. Mr. Jang brings more
than 14 years experience in the mining industry and has extensive
knowledge of Sarbanes-Oxley, internal controls, mergers and acquisitions,
tax planning, and regulatory compliance matters.
Mr.
Jang has worked with Eurozinc and the Lundin Mining Corporation for the
past four years as Corporate Controller. Prior to that time he worked as
Controller for Pan American Silver and Altoro Gold, and Assistant
Controller for Equinox Resources. He is a graduate of the British
Columbia Institute of Technology’s Financial Management program and
holds a CMA designation.
Mr.
Jang replaces Ms. Tracey Brix-Nielsen, who is moving on to pursue other
interests. The Company thanks her for her many contributions to
Augusta’s success.
About
Augusta
Augusta is a base metals company focused on advancing the Rosemont
Copper deposit near Tucson, Arizona. Rosemont currently hosts a large
copper/molybdenum reserve that may account for about 10% of US copper
output once in production in 2012 (refer to Augusta’s website at www.augustaresource.com for
details). The exceptional experience and strength of Augusta’s
management team, combined with the developed infrastructure and robust
economics of the Rosemont project, will propel Augusta to become a solid
mid-tier copper producer within the next four years. The Company is
traded on the Toronto Stock Exchange and the NYSE Alternext under the
symbol AZC, and on the Frankfurt Stock Exchange under the symbol A5R.
For additional information please
visit www.augustaresource.com or contact:
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION
Certain of the statements made and information contained herein and in the
documents incorporated by reference may contain forward-looking
statements or information within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and forward looking statements
or information within the meaning of the Securities Act (Ontario).
Forward- looking statements or information include statements regarding
the expectations and beliefs of management. Forward looking statements or
information include, but are not limited to, statements or information
with respect to known or unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the
Company, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements or information. Forward-looking statements or
information are subject to a variety of risks and uncertainties which
could cause actual events or results to differ from those reflected in
the forward-looking statements or information, including, without
limitation, risks and uncertainties relating to the Company’s plans at
its Rosemont Property and other mineral properties, the interpretation of
drill results and the estimation of mineral resources and reserves, the geology,
grade and continuity of mineral deposits, the possibility that future
exploration, development or mining results will not be consistent with
the Company’s expectations, metal recoveries, accidents, equipment
breakdowns, title matters, labor disputes or other unanticipated
difficulties with or interruptions in production and operations, the
potential for delays in exploration or development activities or the
completion of feasibility studies, the inherent uncertainty of production
and cost estimates and the potential for unexpected costs and expenses,
commodity price fluctuations, currency fluctuations, failure to obtain
adequate financing on a timely basis, the effect of hedging activities,
including margin limits and margin calls, regulatory restrictions,
including environmental regulatory restrictions and liability, the
speculative nature of mineral exploration, dilution, competition, loss of
key employees, and other risks and uncertainties, including those
described under “Risk Factors Relating to the Company’s Business”
in the Company’s Annual Information Form dated March 4, 2008. Should
one or more of these risks and uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those described in forward-looking statements.
Accordingly, readers are advised not to place undue reliance on
forward-looking statements or information. We do not expect to update
forward-looking statements or information continually as conditions
change, and you are referred to the full discussion of the Company’s
business contained in the Company’s reports filed with the securities
regulatory authorities in Canada and the United States.
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