|December 22, 2015|
Rosita Mining Announces Board Changes
|Toronto, Ontario - December 22, 2015: Rosita Mining Corporation (RST: TSX-V) ("Rosita" or the "Company") is also pleased to announce that Mr. Michael Bandrowski has agreed to join the board of directors effective immediately. Mr. Bandrowski has more than 14 years of experience working as a mining analyst with several leading Canadian financial institutions and most recently as Vice President-Research with a leading banking institution in Toronto. |
"Mike was involved with more than $500 million in equity financings for mining companies in the past decade and has built and maintains strong relationships with global buy-side institutions," John Cook, Interim President and CEO said. "We look forward to working closely with Mike in the New Year as we advance our Rosita gold-copper project in Nicaragua and bring this exciting story to the marketplace," he added.
The Company also announces the resignation of Keith Stein from the board of directors. Keith was a director of Alder Resources prior to its merger with Midlands Minerals to create Rosita Mining Inc. earlier this year.
About Rosita Mining Corporation
Rosita is a junior mining and exploration company focused on growing shareholder value through the development of near-term mining opportunities.
Rosita owns a 65% interest in the Rosita copper-gold-silver supergene/skarn/porphyry project in Nicaragua located 275 kilometres northeast of Managua. The Company has current Inferred Mineral Resources in surface stockpiles of 7.95 million tonnes grading 0.62% copper, 0.46 g/t gold and 9.21 g/t silver with numerous zones that have near term potential to add to and enhance these resources.
For additional information, please see the technical report entitled "Rosita Cu-Au-Ag Project, RAAN, Nicaragua, NI 43-101 Technical Report on Mineral Resource Estimate of Rosita Stockpiles" effective as of May 8, 2012, which is available under Rosita's subsidiary company, Alder Resources' profile at www.sedar.com.
The technical information included in this update has been reviewed and approved by John Cook, P.Eng., Interim President and CEO of Rosita Mining Corporation and a "Qualified Person", under National Instrument 43-101 Standard of Disclosure for Mineral Projects.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States.
For further information, contact:
This news release includes certain forward-looking statements or information under applicable Canadian, U.S. and other securities laws. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the future plans, objectives or expectations of Rosita are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the plans of Rosita or expectations include risks relating to the fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by Rosita with securities regulators. Rosita expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange, nor the OTCQX accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note to U.S. Investors Regarding Mineral Reporting.
Rosita prepares its disclosure in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of United States securities laws. Terms relating to mineral resources in this press are defined in accordance with Canadian National Instrument 43-101 --- Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") --- CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended, which standards differ significantly from the discourse permitted by the United States Securities and Exchange Commission requirements and terminology set forth in SEC Industry Guide 7. Accordingly, information contained in this press release and the public filings of Rosita containing descriptions of mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.
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