Baja Mining Announces Effective Date of Share Consolidation and Name Change - Seite 2

The Company continues to pursue other prospective investment opportunities and discussions continue in respect of a possible investment in a small-scale copper processing plant in Chile.

The Company and KORES are still working to finalize documentation related to the revised Minera y Metalurgica del Boleo S.A.P.I. de C.V. ("MMB") shareholders agreement (the "Shareholders' Agreement") and final approvals by KORES and the remaining members of the Korean Consortium are pending. If finally approved, a portion of the management services agreement margin amount owing to Baja by MMB is to be paid to the Company shortly after finalizing the Shareholders' Agreement.

About Baja Mining

Baja is a Canadian mining company. Baja, through Minera y Metalurgica del Boleo S.A.P.I. de C.V. (MMB), currently owns a 10% interest in the Boleo copper-cobalt-zinc-manganese project located in Baja California Sur, Mexico. The Boleo project is producing copper, cobalt and zinc and the commissioning phase of the processing plant has been declared competed. The Company is working to identify and evaluate alternative project opportunities that are consistent with its technical expertise and have the potential for near-term generation of cash flow or value creation.

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. 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.

For further information, please contact
Baja's Interim CEO
Tom Ogryzlo
604-685-2323
[e-mail]