VANCOUVER, British Columbia–(BUSINESS WIRE)–Telson Mining Corporation (“Telson” or the “Company”) (TSX-V – TSN, OTC Pink – SOHFF, Frankfurt – TSGN (formerly SQ82)) would like to affair a alteration to its account absolution issued today advertisement the cessation of a renewable ability acquirement acceding “Green Activity Agreement” for Campo Morado mine. It was afield appear that the estimated agnate amount adapted to Canadian dollars was CAD$0.72 per kilowatt hour (kWh). The absolute amount is about CAD$0.072 per kWh at accepted barter rates. This change has been activated and the adapted adaptation of the account absolution follows:
TELSON SIGNS A RENEWABLE POWER PURCHASE AGREEMENT
Telson has assured a renewable ability acquirement acceding “Green Activity Agreement” with Energia Solar Alaia IV, S.A.P.I de C. V. (“Energia Solar”), as allotment of the Company’s advancing efforts to abate its ecology brand and to abate abundance operating costs over the continued term.
Beneath the acceding of the Blooming Activity Agreement, the Aggregation is committed to acquirement 42.00 GWh of electrical ability per year from Energia Solar at an inflation-indexed anchored amount of MXN$1.1 kWh for a aeon of ten years. The ten-year appellation acceding can be continued by alternate acceding and the electrical ability and ante comes into aftereffect no afterwards than June 1, 2019 or aloft achievement of the architecture of Energia Solar’s renewable activity plant.
Over the accomplished nine months of operations at Campo Morado mine, the ability burning purchased from Comision Federal de Electricidad (“CFE”) was on boilerplate 32% college than the costs per kWh adjourned beneath the Blooming Activity Agreement. Likewise, compared to September’s acquirement amount the amount per kWh is about 54% lower than the CFE’s ascent costs.
“The renewable ability acquirement acceding with Energia Solar, provides Telson with a abiding accumulation of renewable antecedent generated ability at an inflation-indexed anchored amount that will decidedly abate ecology brand and abate operating costs and approaching profitability. Additionally, this acceding satisfies bounded regulations that crave Campo Morado abundance to use a minimum of 25% blooming generated energy.” states Antonio Berlanga, CEO “It is additionally a cogent footfall advanced for Telson to do its allotment in the all-embracing action adjoin all-around warming”
About Telson Mining Corporation
Telson Mining Corporation is a Canadian based mining aggregation with two Mexican gold, argent and abject metal mining projects. Telson is currently in bartering assembly at its 100% endemic Campo Morado Abundance in Guerrero, Mexico. Effective May 15, 2018 Telson declared bartering assembly at Campo Morado. Telson is currently bearing zinc and advance concentrates with gold, argent and chestnut as by-products, processing about 2,000 bags per day through the Campo Morado milling facilities.
Telson’s 100% endemic Tahuehueto Project, amid in north-western Durango State, Mexico is currently in beneath development. Pre-production commenced at Tahuehueto in August 2017, currently mining at a amount about 200 tonnes per day and aircraft ore to a third-party appraisal comminute for processing. Management has a targeted timeline at Tahuehueto to be bearing with its own on-site mineral processing plant, with a advised accommodation of at atomic 1,000 tonnes per day, during the aboriginal division of 2019.
Regular metal apply deliveries and sales are able-bodied underway from both projects.
On account of the lath of admiral
(signed) “Ralph Shearing”
Ralph Shearing, P.Geol, President and Director
This columnist absolution was able beneath the administration and assay of Ralph Shearing, P.Geol., President and Director of Telson Mining Corporation, a Able Geologist registered in Alberta as a affiliate of the able affiliation APEGA, and a Qualified Person as authentic by NI 43-101. Data assay by Mr. Shearing includes claimed assay of the Campo Morado abundance site, reviewing mining facilities, assignment core, underground development and discussing assignment programs and after-effects with cartography and mining personnel.
Cautionary Note Apropos Assembly Decisions and Forward-Looking Statements
It should be acclaimed that at Tahuehueto, Telson is mining affluence authentic by a pre-feasibility appear aboriginal 2017 while at Campo Morado pre-production mining is proceeding afterwards the account of pre-feasibility or achievability studies that outline mineral affluence and has declared bartering assembly at Campo Morado above-mentioned to commutual a achievability abstraction of mineral affluence demonstrating bread-and-butter and abstruse viability. Accordingly, readers should be cautioned that Telson’s Campo Morado assembly accommodation has been fabricated afterwards a absolute achievability abstraction of accustomed affluence such that there is greater accident and ambiguity as to approaching bread-and-butter after-effects from the Campo Morado abundance and a college abstruse accident of abortion than would be the case if a achievability abstraction was completed and relied aloft to accomplish a assembly decision. Telson has completed a basic bread-and-butter appraisal (“PEA”) mining abstraction on the Campo Morado abundance that provides a conceptual activity of abundance plan and a basic bread-and-butter assay based on the ahead articular mineral assets (see Account Absolution anachronous November 8, 2017 and April 4, 2018). This will anon be replaced by a pre-feasibility abstraction (“PFS”) that will acquiesce the appliance of modifying factors to the mineral assets to acquiesce a allocation of them to be adapted to mineral reserves.
Statements independent in this account absolution that are not absolute facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) aural the acceptation of applicative Canadian balance laws. Advanced Looking Information includes, but is not bound to, acknowledgment apropos accessible events, altitude or banking achievement that is based on assumptions about approaching bread-and-butter altitude and courses of action; the timing and costs of approaching activities on the Company’s properties, such as assembly ante and increases; success of exploration, development and aggregate sample processing activities and timing for processing at its own mineral processing ability on the Tahuehueto activity site. In assertive cases, Forward-Looking Information can be articular by the use of words and phrases such as “plans”, “expects”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or variations of such words and phrases. In advancing the Forward-Looking Information in this account release, the Aggregation has activated several absolute assumptions, including, but not bound to, that the accepted exploration, development, ecology and added objectives apropos the Campo Morado Abundance and the Tahuehueto Activity can be achieved, the chain of the amount of gold, zinc, advance and added metals, bread-and-butter and political altitude and operations. Forward-Looking Information involves accepted and alien risks, uncertainties and added factors which may account the absolute results, achievement or achievements of the Aggregation to be materially altered from any approaching results, achievement or achievements bidding or adumbrated by the Forward-Looking Information. There can be no affirmation that Forward-Looking Information will prove to be accurate, as absolute after-effects and approaching contest could alter materially from those advancing in such statements. Accordingly, readers should not abode disproportionate assurance on Forward-Looking Information. Except as appropriate by law, the Aggregation does not accept any obligation to absolution about any revisions to Forward-Looking Information independent in this account absolution to reflect contest or affairs afterwards the date hereof or to reflect the accident of hasty events.
Neither TSX Venture Barter nor its Regulation Services Provider (as that appellation is authentic in the behavior of the TSX Venture Exchange) accepts albatross for the capability or accurateness of this release.
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