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Trevali Mining Corp
Symbol TV
Shares Issued 806,849,585
Close 2020-03-27 C$ 0.08
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Trevali modifies Santander ops under gov't restrictions

2020-03-28 01:50 ET - News Release

Mr. Ricus Grimbeek reports

TREVALI PROVIDES UPDATE ON EXTENSION OF GOVERNMENT DECLARATION OF NATIONAL EMERGENCY IN PERU

The Peruvian President announced on March 26 that the government has extended the state of national emergency, which restricts travel in its efforts to contain the outbreak of COVID-19, to April 12. An additional 13 days were added to the original 15-day period.

The Santander mine has been in full compliance with the government's requirements since the national emergency was declared and has been able to continue operations with no material impact to date. However, as a result of the extension of the declaration, the company will not be able to process ore for the duration of the extension due to the consumption of reagents on site. Mining and other activities will continue, and mined ore will be stockpiled until April 12, 2020, at which time the company anticipates resuming normal production levels, including milling at the mine.

Ricus Grimbeek, president and chief executive officer, stated: "We have made modifications to the operations at Santander so we can continue to mine and stockpile ore. More importantly, our work force is healthy as we have had no suspected cases of COVID-19. We are ready for a quick and efficient ramp-up of the processing facility back to normal levels once the state of emergency is lifted."

About Trevali Mining Corp.

Trevali is a global base metal mining company, headquartered in Vancouver, Canada. The bulk of Trevali's revenue is generated from base metal mining at its four operational assets: the 90-per-cent-owned Perkoa mine in Burkina Faso, the 90-per-cent-owned Rosh Pinah mine in Namibia, the wholly owned Caribou mine in northern New Brunswick, Canada, and the wholly owned Santander mine in Peru. In addition, Trevali owns the Halfmile and Stratmat properties and the Restigouche deposit in New Brunswick, Canada, and the past-producing Ruttan mine in Northern Manitoba, Canada. Trevali also owns an effective 44-per-cent interest in the Gergarub project in Namibia, as well as an option to acquire a 100-per-cent interest in the Heath Steele deposit, located in New Brunswick, Canada.

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