Cyprium Mining Corporation Announces US$4.5 Million in Debt Financing and Secures Right of First Refusal for an Additional US$3.5 Million - Seite 2

Alain Lambert, Chairman of Cyprium stated: "This important financing represents strong support for our business model, especially in the context of the current market conditions. This funding will allow Cyprium to make significant progress in the advancement of its hybrid production and exploration business model". He added: "The funds will be allocated to both the development of the Las Cristinas copper mining project and the growth of our toll milling business in Chihuahua State, Mexico. It is also important to note that the financing announced today is consistent with our approach to limiting shareholder dilution."

Björn Paffrath, CEO of Switzerland-based SC Strategy Consult AG stated: "Our network of investors remain diligent and focused on identifying companies with strong assets and experienced management teams that are also financially invested in the company who have the important goal of near-term cash flow. Cyprium Mining and its management team meet and surpass these important criteria. With the actual funding, we believe Cyprium Mining is well positioned to achieve their goals. Another company with very similar attributes, which our network funded and continues to support, is Inca One Gold Corp. (TSX-V: IO). We feel Cyprium Mining can follow that company's success with our ongoing financial backup."

Mr. Cesar Duarte, Governor for the State of Chihuahua noted: "Chihuahua has a long and vibrant history of success in the mining sector. We are proud to be working with Cyprium Mining to make significant investments in our state which will lead to the creation of several hundred direct and indirect jobs as well as goods and services being purchased locally for the benefit of all residents in our state. Cyprium Mining now joins larger Canadian mining companies such as Agnico Eagle Mines Ltd and Goldcorp Inc. that have recently invested in Chihuahua." He concluded: "We welcome the opportunity to work with Cyprium Mining and assist them in the development of their business in the State of Chihuahua. The US $4.5 million of planned investments by Cyprium Mining in Chihuahua clearly demonstrates the confidence investors have in our local mining sector."