Trevali Strengthens
Management Team
Vancouver, British
Columbia, May 31, 2011: Trevali
Mining Corporation ("Trevali" or the
"Company") (TSX: TV, OTCQX: TREVF, Frankfurt: 4TI) is pleased
to announce important Management team additions as part of its aggressive
growth strategy, and shift from exploration and development to planned production
at Halfmile in New Brunswick, Canada and Santander
in Peru over the next 9 months. The Company welcomes the
following individuals whose contribution to the team will carry Trevali forward into its new status as a base and precious
metal producer and will strengthen, support and compliment the current Peruvian
operations group.
Chief
Financial Officer
The
Company has appointed Anna Ladd as its Chief Financial Officer effective May 2,
2011. A Certified Management Accountant, Ms. Ladd received a Bachelor
of Commerce degree from the University of British Columbia in 1991 and a
Masters of Arts in Economics from Queen?s University
in 1993.
Anna
has over 15 years of experience in financing and financial controls in relation
to the mining industry from mine controller up to and including responsibility
for multiple large scale open pit and underground base
and precious metal production units. Anna has served as Vice
President Finance and Chief Financial Officer for a number of TSX listed junior
mining and development companies in addition to several mid-size to senior gold
and base metal producers including Grande Cache Coal?s operations, Kinross Gold Corporation?s
Fort Knox, Round Mountain and Kettle River operations and Vale Inco?s Thompson and Sudbury base metal operations.
Concurrent
with Ms. Ladd?s appointment, Michael Kinley has stepped-down as CFO in order to devote more time
to several early-stage exploration companies of which he is also the Chief
Financial Officer. The Board would like to take this opportunity to thank Mr. Kinley for his exceptional service as the Company?s CFO these past three
years.
Vice-President
of Operations
The Company is also pleased to announce the appointment of Paul Keller, P.Eng. as Vice President
Operations. Mr. Keller brings extensive mine operations experience in
Canada with 27 years of experience most recently as Manager of Technical
Services for a major Canadian mining contractor where he led a team of
engineers and designers on various mining contracts for major mining companies.
Mr. Keller began his career with Rio Algom Limited
and has also worked in various management roles with Barrick
Gold?s Hemlo
mine in operations, engineering and maintenance. Mr. Keller holds a
Bachelor of Engineering/Mining from Laurentian University and is a Professional
Engineer.
Vice-President
of Exploration
The Company
has appointed Dayle Rusk, P.Geo. as its Vice President of Exploration. Ms. Rusk has over 30 years of base and precious metal production and exploration experience
in underground and open-pit mines. Dayle was previously
Chief of Technical Services
for Imperial Metals where she was responsible
for all aspects of engineering and production geology
including short and long-range planning, mine design, resource-reserve calculations and subsequent
production-reconciliation studies.
She has also held roles as Senior Production Geologist at Goldcorp?s
Red Lake mine and Anglo American?s Hudson Bay Mining and Smelting Flin Flon
production unit and most recently
with Kria Resources.
Ms. Rusk holds
a B.Sc. (Honours), Earth Science Major, degree from the University of Waterloo,
Ontario (1976) and is a member
of the Association of Professional Engineers and Geoscientists of British Columbia (since
2004) the Association of Professional Engineers and Geoscientists of Manitoba (1998-2001, 2007 to present) the Geological
Association of Canada, the Canadian Institute of Mining,
Metallurgy and Petroleum,
and the Society of Economic Geologists.
Chief
Geologist
The Company has appointed Daniel Marinov as Chief Geologist. Mr. Marinov
has over 21 years of international experience in the mining and mineral
exploration industry ? including
5 years in an underground production environment. He has extensive
experience in precious, base metal and industrial minerals exploration having
worked throughout Eastern Europe, Asia, Australia, as well as Central and South
America with Rio Tinto and Anglo American in senior geologist and management
roles. Most recently, Daniel was the project exploration manager at Anglo's Michiquillay porphyry copper-gold-molybdenum deposit in
Peru. Daniel will be focusing on rapidly advancing and expanding the Company?s Santander polymetallic and Huampar
silver-gold projects Peru.
Mr. Marinov holds a Master
of Science degree in mineral exploration from the University of Mining and
Geology of Sofia, Bulgaria.
Corporate
Secretary
Effective
April 14, 2011, the Company has appointed Erin Walmesley
as Corporate Secretary to replace Marla Ritchie, who resigned as Corporate
Secretary in order to devote more time to other issuers of which she is also
the Corporate Secretary. The Board would like to take this opportunity to
thank Ms. Ritchie for her exceptional service as the Company?s Corporate Secretary these past three years.
Ms. Walmesley has over 22
years of experience in the corporate securities industry. Her experience
included assisting management of listed companies with regulatory filings and
corporate governance matters as a paralegal with the firm of Maitland &
Company. Ms. Walmesley has been an officer of a
number of public companies listed on the TSX Venture Exchange.
Grant
of Options
The
Company further announces that, pursuant to its Stock Option and Stock Bonus
Plan, it has granted incentive stock options to certain of its directors,
officers and consultants to purchase up to an aggregate of 2.2 million common
shares in the capital stock of the Company. The options are exercisable
on or before May 31, 2013 at a price of $1.60 per share.
ABOUT TREVALI MINING CORPORATION
Trevali is advancing two polymetallic deposits to production in Canada and Peru ? the Halfmile
and Santander projects respectively. In Canada, through its recent
acquisition of Kria Resources, Trevali
has the Halfmile and Stratmat
polymetallic deposits near Bathurst, New Brunswick,
and the Ruttan copper-zinc deposit in northern
Manitoba. Advanced permitting and engineering studies are in progress at Halfmile with proposed production at a rate of 2,000-tonnes-per-day
anticipated to commence in 2011.
At Santander, in conjunction with Glencore
International A.G., mine commissioning and production is anticipated to
commence at 2,000-tonne-per-day in late 2011 with
full production to follow immediately thereafter. Additionally through its
subsidiary Trevali Renewable Energy Inc., Trevali is undertaking a significant upgrade of its
wholly-owned Tingo run-of-river hydroelectric
generating facility along with transmission line upgrades and extensions to
allow, in addition to supplying power to the mining operation on the property,
the potential sale of surplus power into the Peruvian National Energy Grid.
The common shares of Trevali
are currently listed on the TSX (symbol TV). For further details on Trevali, readers are referred to the Trevali?s web site (www.trevali.com) and to
Canadian regulatory filings on SEDAR at www.sedar.com.
On Behalf of the Board of Directors of
TREVALI MINING CORPORATION
?Mark D. Cruise? (signed)
Mark D. Cruise, President
Contact Information:
Steve Stakiw, Manager ?
Corporate Communications
Trevali Mining Corporation
sstakiw@trevali.com
Phone: (604) 488-1661 / Fax: (604) 408-7499
This news release contains ?forward-looking
statements? within the meaning of the United States
private securities litigation reform act of 1995 and ?forward-looking
information? within the meaning of applicable Canadian
securities legislation. Statements containing forward-looking information
express, as at the date of this news release, the Company?s
plans, estimates, forecasts, projections, expectations, or beliefs as to future
events or results and the company does not intend, and does not assume any
obligation to, update such statements containing the forward-looking
information. Such forward-looking statements and information include, but are
not limited to statements as to: the accuracy of estimated mineral reserves and
resources, anticipated results of future exploration, and forecast future metal
prices, anticipated results of future electrical sales and expectations that
environmental, permitting, legal, title, taxation, socio-economic, political,
marketing or other issues will not materially affect estimates of mineral
reserves. These statements reflect the Company?s
current views with respect to future events and are necessarily based upon a
number of assumptions and estimates that, while considered reasonable by the
Company, are inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies.
These
statements reflect the Company?s current views with
respect to future events and are necessarily based upon a number of assumptions
and estimates that, while considered reasonable by the company, are inherently
subject to significant business, economic, competitive, political and social
uncertainties and contingencies. Many factors, both known and unknown, could
cause actual results, performance or achievements to be materially different
from the results, performance or achievements that are or may be expressed or
implied by such forward-looking statements contained in this news release and
the company has made assumptions and estimates based on or related to many of
these factors. Such factors include, without limitation: fluctuations in spot
and forward markets for silver, zinc, base metals and certain other commodities
(such as natural gas, fuel oil and electricity); fluctuations in currency
markets (such as the Peruvian sol versus the U.S. dollar); risks related to the
technological and operational nature of the Company?s
business; changes in national and local government, legislation, taxation,
controls or regulations and political or economic developments in Canada, the
United States, Peru or other countries where the Company may carry on
business in the future; risks and hazards associated with the business of
mineral exploration, development and mining (including environmental hazards,
industrial accidents, unusual or unexpected geological or structural
formations, pressures, cave-ins and flooding); risks relating to the credit
worthiness or financial condition of suppliers, refiners and other parties with
whom the Company does business; inadequate insurance, or inability to obtain
insurance, to cover these risks and hazards; employee relations; relationships
with and claims by local communities and indigenous populations; availability
and increasing costs associated with mining inputs and labour;
the speculative nature of mineral exploration and development, including the
risks of obtaining necessary licenses and permits and the presence of laws and
regulations that may impose restrictions on mining,; diminishing quantities or
grades of mineral reserves as properties are mined; global financial
conditions; business opportunities that may be presented to, or pursued by, the
Company; the Company?s ability to complete and
successfully integrate acquisitions and to mitigate other business combination
risks; challenges to, or difficulty in maintaining, the Company?s
title to properties and continued ownership thereof; the actual results of
current exploration activities, conclusions of economic evaluations, and
changes in project parameters to deal with unanticipated economic or other
factors; increased competition in the mining industry for properties, equipment,
qualified personnel, and their costs. Investors are cautioned against
attributing undue certainty or reliance on forward-looking statements. Although
the Company has attempted to identify important factors that could cause actual
results to differ materially, there may be other factors that cause results not
to be as anticipated, estimated, described or intended. The Company does not
intend, and does not assume any obligation, to update these forward-looking
statements or information to reflect changes in assumptions or changes in
circumstances or any other events affecting such statements or information,
other than as required by applicable law.
The TSX has not
approved or disapproved of the contents of this news release.