Euro Manganese Appoints Bacchus Capital Advisers and Provides Demonstration Plant Strategy Update

• Bacchus Capital Advisers appointed as Euro Manganese’s financial adviser.
  
  
• Update on ongoing discussions with potential customers regarding qualification of high-purity manganese products from the proposed Chvaletice demonstration plant.

VANCOUVER, British Columbia, Dec. 09, 2019 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V / ASX: EMN) (the "Company" or "EMN") is please to report as follows:

Financial Adviser Appointment

Euro Manganese has appointed Bacchus Capital Advisers (“Bacchus Capital” or “BCA”) as its lead strategic and financial adviser, to provide support to the Company’s management and board of directors, as it advances with the financing and development of the Chvaletice Manganese Project, including the proposed Chvaletice demonstration plant. BCA will deliver tactical and strategic advisory services, including assistance with offtake arrangements and financing, leveraging its extensive international investor and industry network.

Bacchus Capital is a London-based independent investment and merchant banking boutique. The Bacchus Capital team members have been involved in building some of the world’s most successful mining companies from the earliest stages and have played a key role in many of the metals and mining industry’s most significant transactions in recent decades.

Peter Bacchus, Chairman and Chief Executive of BCA said: “BCA is looking forward to working alongside EMN as it progresses its Chvaletice Manganese Project. Not only is the Chvaletice deposit unusually well-suited to low-cost leaching to produce an ultra-high-quality product, but as a tailings rehabilitation project it has significant environmental advantages over conventional mining operations. Set against a backdrop of strong forecast growth for European battery manufacturing and led by a management team that can deliver, we believe Chvaletice will become an important strategic source of high-purity manganese.”

Marco Romero, President and CEO of EMN added: “The appointment of Bacchus Capital Advisers represents an important step in Euro Manganese’s corporate and financial development. BCA’s team has an unrivalled track record and reputation for successful financial mandate execution. The depth and breadth of their experience in navigating global capital markets, while building important resource companies, is remarkable. Their knowledge of the battery raw materials sector will greatly assist our collaboration. We look forward to working with BCA.”