Mr. Shaun Dykes reports

AMERICAN CUMO MINING ANNOUNCES U.S. FOREST SERVICE ISSUES FINAL SUPPLEMENTAL DECISION NOTICE AND FINDING OF NO SIGNIFICANT IMPACT FOR THE CUMO PROJECT IN IDAHO

Further to the press release issued on April 13, 2015, the U.S. Forest Service (USFS) has issued the final supplemental decision notice (DN) and finding of no significant impact (FONSI) regarding American CuMo Mining Corp.'s CuMo exploration project, located approximately 14 miles north of Idaho City in Boise county, Idaho, and encompassing approximately 2,885 acres of land located within the Boise national forest. Issuance of USFS's DN/FONSI allows American CuMo to proceed with late-stage exploration and development work of the CuMo project. The final supplemental DN/FONSI and associated documents for the CuMo exploration project are available at the USFS website.

The supplemental environmental assessment (SEA) informing this decision includes analysis to address the 2012 memorandum decision and order from the U.S. District Court for the District of Idaho concerning groundwater analysis. Regarding concerns about potential impacts to water quality in general and to groundwater specifically, the SEA (Section 2.3.2, page 36) includes the following language:

These monitoring and mitigation measures are consistent with the applicable sections of the groundwater protection and best practices for mineral exploration, as outlined in Appendix B of the considerations for groundwater evaluation in mineral exploration drilling (USDA FS 2014b). Therefore, this level of monitoring and of mitigation is sufficient to minimize potential impacts to groundwater quality or identify impacts to groundwater.

The SEA analysis was also updated to address new information acquired subsequent to the February, 2011, environmental assessment (EA) and related DN/FONSI and clarified other points in the analysis per public comments. Construction of up to 10.2 miles of temporary roads and up to 137 drill pads and 259 drill holes will be allowed over a period of four years.

Cecilia R. Seesholtz, forest supervisor and responsible official, stated: "The SEA was released for 30-day notice and comment in August, 2013. In response to public comment received during this comment period, the SEA was updated, in part, to further clarify effects disclosures concerning groundwater, address fuel haul and the potential for spills, update mitigation and effects disclosures for Sacajawea bitterroot, and update effects to resources affected by the 2014 wildfire that occurred within the project area. Following completion of the SEA, it was confirmed that an EIS was not warranted. The rationale supporting this conclusion is documented in the final supplemental DN/FONSI."

Shaun M. Dykes, president and chief executive officer of American CuMo Mining, stated: "On behalf of American CuMo Mining Corp., Idaho CuMo Mining Corp. and the CuMo project team, we are pleased that the U.S. Forest Service has issued the final decision notice and finding of no significant impact. This milestone represents three years and over $1-million of CuMoCo's time and money. We are excited to return to complete the important exploration work that is needed to advance the project to the next phase."

The permitting process for the CuMo project, and others like it, is guided by the National Environmental Policy Act. Implementation of NEPA requires federal agencies, such as the U.S. Forest Service, to study the environmental impacts of a federal action and to consider mitigation measures. This process helps identify and incorporate the relevant programs and enforceable substantive regulations that allow projects to safely and sustainably operate on public lands.

Mr. Dykes continued: "The U.S. Forest Service has done an excellent job and is holding the CuMo project to the highest standards under NEPA. All aspects of the environment in the exploration area have been researched by experts, independently studied and determined not to be adversely affected by the CuMo project. The CuMo project and NEPA rely on science, and science doesn't lie. The environmental opposition has yet to acknowledge the science backing our exploration or CuMoCo's commitment to partnering in addressing the current historic environmental issues."

Last week, the CuMo project team hosted a series of meetings to provide updates for Idaho's Lieutenant Governor Brad Little, Boise County Board of Commissioners, representatives of Idaho's congressional delegation and the director of the Idaho Department of Commerce, Jeff Sayer. Additional outreach was conducted in Boise county, where local residents joined project team members for a barbecue and informational update.

"The overwhelming response to our project was extremely positive, and the U.S. Forest Service's issuance coincided perfectly with our meetings," added Mr. Dykes.

Discussions continue with potential financing partners on financing the full bankable feasibility for the CuMo project.

Mr. Dykes, MSc (eng), PGeo, president and chief executive officer of the company, is the designated qualified person for the CuMo project, and prepared the technical information contained in this news release.

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