PHOENIX, March 23, 2022 /PRNewswire/ - Excelsior Mining
Corp. (TSX: MIN) (PFSE: 3XS) (OTCQX: EXMGF) ("Excelsior" or
the "Company") announces that it has filed with the applicable
Canadian securities regulatory authorities on SEDAR its 2021
audited annual consolidated financial statements ("Financial
Statements") and management's discussion and analysis ("MD&A")
in relation thereto, for the year ended December 31, 2021. The Financial Statements and
MD&A are available on the Company's website at
www.excelsiormining.com. Shareholders have the ability to receive a
hard copy of the Financial Statements and MD&A free of charge
upon request to the Company.
The Company also announces that Mr. Mark
Morabito has resigned as a director of the Company. Mr.
Morabito was one of the Company's original directors dating back to
2010 when the Gunnison Project acquisition transaction was
completed and served as the Company's Chair for over eleven years.
The Board would like to thank Mr. Morabito for his service and
contributions to the Company's development.
About Excelsior Mining
Excelsior "The Copper Solution Company" is a mineral
exploration and production company that owns and operates the
Gunnison Copper Project in Cochise
County, Arizona. The project is a low cost, environmentally
friendly in-situ recovery copper extraction project that is
permitted to 125 million pounds per year of copper cathode
production. Excelsior also owns the past producing Johnson Camp Mine and a portfolio of exploration
projects, including the Peabody Sill and the Strong and Harris
deposits.
For more information on Excelsior, please visit our website at
www.excelsiormining.com.
Cautionary Note Regarding Forward-Looking
Information
This news release contains "forward-looking information"
concerning anticipated developments and events that may occur in
the future. Forward looking information contained in this news
release includes, but is not limited to, statements with respect to
the future development plans for the Gunnison Project and the
Company's other mineral projects.
In certain cases, forward-looking information can be
identified by the use of words such as "plans", "expects" or "does
not expect", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might",
"occur" or "be achieved" suggesting future outcomes, or other
expectations, beliefs, plans, objectives, assumptions, intentions
or statements about future events or performance. Forward-looking
information contained in this news release is based on certain
factors and assumptions regarding, among other things, the
estimation of mineral resources and mineral reserves, the
realization of resource and reserve estimates, expectations and
anticipated impact of the COVID-19 outbreak, copper and other metal
prices, the timing and amount of future development expenditures,
the estimation of initial and sustaining capital requirements, the
estimation of labour and operating costs (including the price of
acid), the availability of labour, material and acid supply,
receipt of and compliance with necessary regulatory approvals and
permits, the estimation of insurance coverage, and assumptions with
respect to currency fluctuations, environmental risks, title
disputes or claims, and other similar matters. While the Company
considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect.
Forward looking information involves known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking information. Such
factors include risks inherent in the construction and operation of
mineral deposits, including risks relating to changes in project
parameters as plans continue to be redefined including the
possibility that mining operations may not be sustained at the
Gunnison Copper Project, risks relating to variations in mineral
resources and reserves, grade or recovery rates, risks relating to
the ability to access infrastructure, risks relating to changes in
copper and other commodity prices and the worldwide demand for and
supply of copper and related products, risks related to increased
competition in the market for copper and related products, risks
related to current global financial conditions, risks related to
current global financial conditions and the impact of COVID-19 on
the Company's business, uncertainties inherent in the estimation of
mineral resources, access and supply risks, risks related to the
ability to access acid supply on commercially reasonable terms,
reliance on key personnel, operational risks inherent in the
conduct of mining activities, including the risk of accidents,
labour disputes, increases in capital and operating costs and the
risk of delays or increased costs that might be encountered during
the construction or mining process, regulatory risks including the
risk that permits may not be obtained in a timely fashion or at
all, financing, capitalization and liquidity risks, risks related
to disputes concerning property titles and interests, environmental
risks and the additional risks identified in the "Risk Factors"
section of the Company's reports and filings with applicable
Canadian securities regulators.
Although the Company has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
information, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended.
Accordingly, readers should not place undue reliance on
forward-looking information. The forward-looking information is
made as of the date of this news release. Except as required by
applicable securities laws, the Company does not undertake any
obligation to publicly update or revise any forward-looking
information.
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SOURCE Excelsior Mining Corp.