Year: 2016

MAG Silver Corp. announces the Company’s audited consolidated financial results for the year ended December 31, 2015. For details of the consolidated financial statements, Management’s Discussion and Analysis, Annual Information Form and Annual Report on Form 40-F for the year ended December 31, 2015, please see the Company’s filings on SEDAR (www.sedar.com) or on EDGAR (www.sec.gov). All amounts herein are reported in United States dollars unless otherwise specified.

“Following a productive fourth quarter in 2015, we believe this year is off to a great start with positive developments already coming to fruition. As we continue to await the approval of our ‘Don Diego’ environmental permit, the MINOSA team’s ongoing cooperation and support, in conjunction with the recent agreement with Epsilon, reinforces our belief that MINOSA is the right partner for Odyssey’s offshore mineral exploration business,” said Mark Gordon, Odyssey chief executive officer and president. “Additionally, we recently regained compliance with NASDAQ’s continued listing requirements.”

Mexus Gold US today announced the appointment of Geologist Cesar Lemas as Director of Operations (DOO). Mr. Lemas is a graduate of the University of Arizona with a Masters in Mineral Economics. His experience is vast and includes geological exploration, mine-project valuation and development, geophysics, geochem, metallurgy, mine design, mineral processing, and dry desert placer mining and development. CEO Paul Thompson added, “Cesar Lemas is the perfect person to help Mexus bring its Santa Elena project into production. His knowledge of our property matched with his experience will prove invaluable moving forward.”

Mark Brennan, President and CEO of Sierra Metals commented: “Sierra had a very strong start in 2015 with record production, throughput and strong cash flows. However, the latter part of 2015 has been challenging with weaker financial and production results as a result of lower metal prices and the introduction of important operational improvements, primarily at the Yauricocha Mine. These changes and improvements have temporarily impacted production levels but aim to structurally improve our operations and production capabilities for the longer term.”

Red Tiger Mining Inc. announces that it has changed its auditors from Ernst & Young LLP to MNP LLP.

Kootenay Silver President and CEO James McDonald stated “We are very pleased to have the opportunity to consolidate the ownership of the royalty at this time. Given our belief in La Cigarra’s silver resources and the potential for additional discoveries the opportunity to repurchase the royalty is beneficial to the project.”