Trevali invests in Caribou Mine future with new mining fleet

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 1, 2017) - Trevali Mining Corporation ("Trevali" or the "Company") (TSX:TV)(OTCQX:TREVF)(LMA:TV)(FRANKFURT:4TI) announces a new investment in the future of its Caribou Zinc Mine, located in the Bathurst Mining Camp of northeastern New Brunswick, Canada, through the decision to transition to an owner-operated model that will include procurement of a new underground mining fleet.

As initially identified in the 2014 Preliminary Economic Assessment and following the successful declaration of Commercial Production at the Caribou Zinc Mine in mid-2016, the Company conducted a review of underground mining operations to further optimize and increase efficiencies. Based on this review, Trevali is moving to an owner-operated model that will include a new fleet of mining equipment.

Trevali has committed to an approximately Cdn$20-million investment through a new partnership with Sandvik Mining to supply and maintain a full fleet of mining equipment for Caribou Mine operations. Trevali will operate and manage all aspects of the underground mining operation and Sandvik will be responsible and accountable for the maintenance of the fleet. During 2017, the following equipment (see Table 1) will be procured and commissioned on site:

Item		Equipment Type		Qty		Model
1		Two Boom Jumbo		2		DD 321
2		8 yd. LHD		5		LH 514
3		40 T Haul Truck		7		TH 540
4		Long Hole Production Drill		1		DL 421
5		Cable Bolter / Back Up LH Drill		1		DS 421

Table 1: New Caribou Underground Mining Fleet

Additional equipment being sourced also includes a grader, new underground light vehicle fleet, and a combination of new and used underground ancillary equipment.