Day: January 18, 2017

Oceanus Resources Corporation (OCN.V) and (OCNSF) is pleased to announce that its common shares recently commenced trading on the OTCQB, a US interdealer quotation system, under the symbol OCNSF. Real-Time Quote Display Service for OCNSF is available at: http://www.otcmarkets.com/stock/OCNSF/quote. The Company’s common shares will also continue to trade on the TSX Venture Exchange under its trading symbol OCN.

“At the Bolivar Mine in Mexico, the Company saw a significant increase in throughput but was hindered by lower grades which led to a minor reduction in copper equivalent production when compared to Q4 2015. The Company will focus on continuing to increase production volume while improving the value per tonne of ore mined at Bolivar in 2017. At Cusi, poor weather and significant rainfall caused flooding in ramps which led to stope unavailability resulting in lower production, however we will continue to seek improvement at Cusi with better grade control and selective mining practices,” Mark Brennan, President and CEO of Sierra Metals.

“While Primero faced a number of significant challenges in 2016, I believe the changes we have already made, and will continue to make, will result in a considerable improvement in our 2017 results,” stated Ernest Mast, President and Chief Executive Officer. “We have recently strengthened our management team with the addition of an experienced C.O.O. and C.F.O., and expect to see marked improvement in the near-term as we work to reduce costs, increase production and simplify the way we mine. These key steps will lay the foundations of Primero’s return to sustainable profitability.”