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CYPRIUM MINING APPOINTS MINING CONTRACTOR FOR POTOSI SILVER MINE DEVELOPMENT

June 6th, 2016 - Cyprium Mining is pleased to announce that it has signed an agreement with Chihuahua, Mexico based mining contractor Bergmann Mexico SA de CV (“Bergmann”) with respect to mine development and other mining activities including drilling, blasting and extraction of mineralized material at the Potosi silver mine.

Montreal, Quebec - (June 6th, 2016) Cyprium Mining Corporation ("Cyprium" or the "Company" - https://www.commodity-tv.net/c/mid,3159,Companies_und_Projects/?v=294457) (TSX-V: CUG and CUG.DB) is pleased to announce that it has signed an agreement with Chihuahua, Mexico based mining contractor Bergmann Mexico SA de CV (“Bergmann”) with respect to mine development and other mining activities including drilling, blasting and extraction of mineralized material at the Potosi silver mine.

Mr. Alain Lambert, Chairman and CEO of Cyprium commented: “We appointed Bergmann in February to carry-out the Potosi shaft #3 project which consisted in the rehabilitation and improvement of the extraction capability of the shaft as well as improvement of infrastructure, security and preparation of prospective mining areas at levels 2 to 4 of the mine. Not only did Bergmann complete the project on time and on budget but they also contributed several ideas which strengthened the original plan. ” He added: “Bergmann has a deep and extensive knowledge of the Potosi mine as they were the contractor used by our joint venture partner when the mine was last in production a few years ago.”

Under the supervision of Cyprium’s head geologist Mr. Roberto Banda, Bergmann will perform mining development services which will include pre-mining development activities, extraction of minerals in mine and mine development on a “cost plus” basis. As part of the agreement signed today, Bergmann will also be evaluating and making a recommendation on the possible rehabilitation of shaft #1in order to provide access to additional levels of the mine.

Mr. Lambert concluded: “In the next few days I will be working closely with our team to establish a firm date for the commencement of the extraction activities which will lead to mineralized material being sent to the Aldama plant for processing and then delivery of concentrates to Trafigura Mexico SA de CV.”

About Cyprium Mining Corporation

For the description of Cyprium Mining’s business and company Forward Looking Statement Disclaimer please visit our website at: www.cypriummining.com

For further information, please contact:

Alain Lambert, Chairman and C.E.O.
Email:  ir@cypriummining.com 

Ronald Keenan, COO

Email: rkeenan@cypriummining.com

Swiss Resource Capital AG

Jochen Staiger

info@resource-capital.ch

www.resource-capital.ch

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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PDAC 2019

Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

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