VANCOUVER, BC–(Marketwired – September 18, 2014) – Baja Mining Corp. ("Baja" or the "Company") (TSX VENTURE: BAJ) (OTCQB: BAJFF) wishes to provide an update regarding the Boleo Project, in which it holds a 10% interest, and the impact of Hurricane Odile that hit the Baja Peninsula earlier in the week. Baja understands that although the hurricane was downgraded to a tropical storm in the region of Santa Rosalia, heavy rains and high winds in the area knocked out electricity and communications. Baja has been informed by Minera y Metalúrgica del Boleo S.A. P.I. de CV. ("MMB") and Korea Resources Corporation that there has been no notable damage to the project site and communications have been restored at the site but that the activity at the Boleo Project remains halted while the site is inspected and until clean-up is completed.
Baja is deeply saddened to report that there was one confirmed fatality involving Boleo personnel. Tragically, Mr. Kyoung Jin Park, Chief Operating Officer of MMB, was drowned in the town of Santa Rosalia, located adjacent to the Boleo Project, by a flash flood attributable to heavy rains from the storm. In addition, Mr. Sung Keun Chai, Chief Executive Officer of MMB, who is thought to have been with Mr. Park at the time of the incident, is currently missing. Baja has been advised that the Mexican authorities continue their search for Mr. Chai. The leadership of these two executives has been important in advancing the Boleo Project, and Mr. Park, and Mr. Chai, if confirmed deceased, will be greatly missed.
Mr. Tom Ogryzlo, Interim Chief Executive Officer of Baja remarked, "On behalf of Baja and its shareholders I wish to offer my most sincere condolences to the families, friends and colleagues of Mr. Chai and Mr. Park and acknowledge the extraordinary commitment and contributions of these two individuals to the significant progress in advancing the Boleo Project."
For further information, please contact Baja's Interim CEO Tom Ogryzlo at 604‐685‐2323 or via email at [email protected].
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.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements or forward-looking information (forward-looking statements). These statements can be identified by expressions of belief, expectation or intention, as well as those statements that are not historical fact. Forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements contained in this press release are based on our current estimates, expectations and projections, which the Company believes are reasonable as of the current date. Actual results could differ materially from those anticipated or implied in the forward-looking statements and as a result undue reliance should not be placed on forward-looking statements. Additional risks and uncertainties can be found in the Company's reporting documents filed on SEDAR (www.sedar.com), including its Management Discussion and Analysis and Annual Information Form. Forward-looking statements are given only as at the date of this press release and the Company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.