Vancouver, British Columbia, December 20, 2018 – Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA) announces that Brett Richards has resigned as President and Chief Executive Officer (together, “CEO”), effective as of December 21, 2018.
Vancouver, British Columbia, December 19, 2018 — Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA) has completed the final tranche of its previously announced non-brokered private placement by issuing 1,301,000 units (the “Units”) at a price of $0.12 per Unit for gross proceeds of $156,120. Each Unit consists of one common share (“Common Share”) in the capital of the Company and one Common Share purchase warrant (“Warrant”). Each Warrant entitles the holder to purchase one Common Share of the Company for a period of twelve months from closing, at an exercise price of $0.20.
Vancouver, British Columbia, December 3, 2018 — Midnight Sun Mining Corp. (the "Company" or "Midnight Sun") (TSX-V: MMA) is pleased to announce the completion of the second tranche of its previously announced non-brokered private placement by issuing 2,575,000 units (the "Units") at a price of $0.12 per Unit for gross proceeds of $309,000. Each Unit consists of one common share ("Common Share") in the capital of the Company and one Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one Common Share of the Company for a period of twelve months from closing, at an exercise price of $0.20.
Vancouver, British Columbia, October 31, 2018 — Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA) is pleased to announce the completion of the first tranche of its previously announced non-brokered private placement by issuing 4,458,000 units (the “Units”) at a price of $0.12 per Unit for gross proceeds of $534,960. Each Unit consists of one common share (“Common Share”) in the capital of the Company and one Common Share purchase warrant (“Warrant”). Each Warrant entitles the holder to purchase one Common Share of the Company for a period of twelve months from closing, at an exercise price of $0.20.
Vancouver, British Columbia, October 23, 2018 – Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA) announces the extension of the expiry date of all outstanding common share purchase warrants (the “Warrants”) issued pursuant to private placement offerings of the Company
Vancouver, British Columbia, October 17, 2018 — Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA) is pleased to announce a non-brokered private placement of 8,333,334 units (the “Units”) at a price of $0.12 per Unit for gross proceeds of $1,000,000 (the “Offering”). Each Unit will consist of one (1) common share (“Common Share”) in the capital of the Company and one (1) Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one Common Share of the Company for a period of twelve months from the closing of the Offering at an exercise price of $0.20. The Company intends to close the Offering as soon as practicable.
Vancouver, British Columbia, October 3, 2018 – Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA) is pleased to announce the appointment of Wayne Moorhouse as Chief Operating Officer (“COO”) with immediate effect. In the newly created COO position, he will be responsible for the efficient advancement of the Solwezi copper-cobalt property located in Zambia through the design, implementation and oversight of the Company’s business operations.
Over the course of his career, Mr. Moorhouse has held senior management positions with several mining and civil construction companies. He has a proven track record at an operating level with experience covering all stages of a project’s life, from grass roots exploration through feasibility and engineering studies, strategic planning, construction, mine expansion and operations.
From 2012 to September 2013, Mr. Moorhouse held the position of CFO for Roxgold Inc where he managed projects in support of a large-scale exploration program and preliminary economic assessment. From 2003 to 2011, Mr. Moorhouse held senior management positions with Silvermex Resources Inc, including President of La Guitarra Compania Minera, where he oversaw strategic growth initiatives at the La Guitarra Mine including large scale exploration program, a mine expansion feasibility study, mill updates, and mine reopening and expansion. Prior to Silvermex Mr. Moorhouse project managed several large civil construction projects in Western Canada.
Since June of 2012, Mr. Moorhouse has served as Midnight Sun’s CFO while working on other exploration and mining projects outside the Company. Because of the additional COO responsibilities added to his continuing CFO duties, Mr. Moorhouse has resigned from other outside positions to focus on Midnight Sun and the Solwezi project.
EXPLORATION UPDATE
Midnight Sun is awaiting the results and initial interpretation of the Versatile Time-Domain Electromagnetic (VTEM) survey and final results from its Phase 1 drilling program. Material results will be publicly disclosed when they are received.
ABOUT MIDNIGHT SUN MINING
Midnight Sun has earned a 60% interest in the Solwezi Licences with the potential to acquire the remaining 40% through unmatched property expenditures. The Solwezi Licences are comprised of two individual exploration licences totalling 506 square kilometres, situated in the North-Western Province of Zambia, adjacent to First Quantum’s Kansanshi Mine; Africa’s largest copper mining complex, on the prolific Zambia-Congo Copper Belt.
Led by experienced directors and talented management, Midnight Sun aims to further explore the impressive mineralization and anomalies that have been discovered on the Solwezi Licences.
Midnight Sun Mining Corp. trades on the TSX Venture Exchange under the symbol MMA.
Please also refer to the Company’s previous news releases as well as the Company’s presentation on its website at: www.midnightsunmining.com.
ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.
Brett A. Richards – President and Chief Executive Officer
For Further Information Contact:
| Brett A. Richards President and Chief Executive Officer Tel: +1 905 449 1500 |
Al Fabbro Lead Director Tel: +1 604 351 8850 |
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEW RELEASE.
Vancouver, British Columbia, October 1, 2018 – Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA) announces the termination of the previously announced letter of intent and term sheet with Kam Chuen Resource Holdings Inc. (“Kam Chuen”) to acquire the remaining 40% interest in Zambian High Light Mining Investment Limited (See news release dated February 20, 2018 for more details).
ZHLMIL holds the two large scale exploration licenses collectively known as the Solwezi Licenses. Midnight Sun and Kam Chuen will continue to operate as partners in ZHLMIL with Midnight Sun holding a 60% interest and Kam Chuen holding a 40% interest as contemplated in the original property option agreement dated July 30, 2013.
The Company’s President and Chief Executive Officer, Brett Richards stated: “The acquisition of the remaining 40% of Zambian High Light Mining Investment Limited no longer makes sense in the context of the current market, and we are happy to move forward with Kam Chuen as partners on the Solwezi Licences.”
ABOUT MIDNIGHT SUN MINING
Midnight Sun has earned a 60% interest in the Solwezi Licences with the potential to acquire the remaining 40% through unmatched property expenditures. The Solwezi Licences are comprised of two individual exploration licences totalling 506 square kilometres, situated in the North-Western Province of Zambia, adjacent to First Quantum’s Kansanshi Mine; Africa’s largest copper mining complex, on the prolific Zambia-Congo Copper Belt.
Led by experienced directors and talented management, Midnight Sun aims to further explore the impressive mineralization and anomalies that have been discovered on the Solwezi Licences.
Midnight Sun Mining Corp. trades on the TSX Venture Exchange under the symbol MMA.
Please also refer to the Company’s previous news releases as well as the Company’s presentation on its website at: www.midnightsunmining.com.
ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.
Brett A. Richards – President and Chief Executive Officer
For Further Information Contact:
| Brett A. Richards President and Chief Executive Officer Tel: +1 905 449 1500 |
Al Fabbro Lead Director Tel: +1 604 351 8850 |
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEW RELEASE.
This news release includes certain statements that may be deemed as “forward-looking statements” within the meaning of applicable Canadian securities laws. All statements in this release, other than statements of historical facts, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include: changes in market conditions, unsuccessful exploration results, changes in the price of commodities (particularly copper, cobalt, gold and nickel), unanticipated changes in key management personnel and general social, economic or geo-political conditions. Mining exploration and development is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward–looking statement that may be from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
Vancouver, British Columbia, August 27, 2018 – Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA) is pleased to report initial results of its Phase One 2018 exploration program on its Zambian copper-cobalt properties, the Solwezi Group of Licences (“Solwezi Licences”) located in the North-Western province of Zambia. Phase One work included 7 diamond drill holes totalling 1,503 meters and 234 air core holes totalling 10,424 meters at the Mitu target, as well as ground and airborne geophysical surveys.
Vancouver, British Columbia, July 3, 2018 – Midnight Sun Mining Corp. (the “Company” or “Midnight Sun”) (TSX-V: MMA) is approaching completion of its Phase One 2018 exploration program on its Zambian copper-cobalt properties, the Solwezi Group of Licences (“Solwezi Licences”). This phase of exploration was designed to further develop an understanding of the geologic controls and mineralization on the Solwezi Licenses as well as develop targets for future diamond drilling.
PHASE ONE Program
Phase One of the 2018 exploration program employed a series of progressively more detailed techniques to refine the Company’s comprehension of the geology and mineralization on the Solwezi Licences. Specific attention was given to the Mitu area, where copper-cobalt mineralization was confirmed by the 2017 drill program and favourable geology was established over a 17 kilometre strike length.
Phase One of the 2018 exploration program included the following:
A team of geologists and data management personnel re-logged all historic drill core and plotted all soil geochemical samples from previous exploration campaigns. This data has been uploaded into the company’s geological information system for collection and compilation, and together with the additional data gathered from this phase, will build an updated interpretive model to optimize future drill targets.
NSAMT ground geophysics were run over additional areas of the Mitu copper-cobalt target which were not covered by geophysical lines in the 2017 exploration program. This survey was conducted on 500 metre spacings to provide a more detailed view of the position and distribution of the favourable black shale units which host the identified copper-cobalt mineralization at Mitu.
Two air core drill rigs drilled a total of 10,424 metres to evaluate the intensity of copper-cobalt mineralisation in the conductor rocks highlighted by the NSAMT surveys. The results of this evaluation will guide diamond drill holes in Phase Two of the 2018 exploration campaign and help ensure drilling is focused on testing significant mineralised conductors.
1,503 metres of diamond drilling were completed, focusing on targets delineated by data from the 2017 exploration program. Samples have been sent to SGS in Kalulushi for assaying. All material results will be released when received by the Company.
After minor weather related delays at a previous client, the Company’s airborne geophysical contractor is now onsite and has initiated a planned 2,684 line kilometre VTEM survey, with an expected completion date to be the week of July 20th, 2018. This survey will cover the entirety of the Solwezi Licenses, providing data on all known areas of mineralization: Mitu, the 22 Zone, Dumbwa, Kifubwe and Khaziba; as well as information on areas previously unexplored on the Solwezi Licenses.
The Company’s President and Chief Executive Officer, Brett Richards stated: “We have significantly advanced our understanding of the regional geology as a result of the activities in Phase One of our drilling campaign, and I look forward to the results over the coming weeks. As we have maintained from the beginning of our program, we intend to be methodical in our exploration approach to maximizing the size and scale of the mineralization contained within the Solwezi Licences. After taking a short period of time to collect, analyse, and interpret all of the newly generated data from Phase One; I believe the interpretation of the results will guide us systematically through the next phases of development.”
Please refer to the Company’s previous New Releases as well as the Company presentation on its website at: www.midnightsunmining.com.
ABOUT MIDNIGHT SUN MINING
Midnight Sun has earned a 60% interest in the Solwezi Licences with the potential to acquire the remaining 40%. The Solwezi Licences are comprised of two individual prospecting licences totalling 506 km2, situated in the North-Western Province of Zambia, adjacent to First Quantum’s Kansanshi Mine; Africa’s largest copper mining complex, on the prolific Zambia-Congo Copper Belt.
Led by experienced directors and talented management, Midnight Sun aims to further explore the impressive mineralization and anomalies that have recently been discovered on the Solwezi Licenses.
Midnight Sun Mining Corp. trades on the TSX Venture Exchange under the symbol MMA.
ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.
Brett A. Richards – President and Chief Executive Officer
For Further Information Contact:
| Brett A. Richards President and Chief Executive Officer Tel: +1 905 449 1500 |
Al Fabbro Lead Director Tel: +1 604 351 8850 |
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEW RELEASE.
This news release includes certain statements that may be deemed as “forward-looking statements”. All statements in this release, other than statements of historical facts, the expected completion of any Offering, and the expected use of proceeds are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include: changes in market conditions, unsuccessful exploration results, changes in the price of commodities (particularly copper, cobalt, gold and nickel), unanticipated changes in key management personnel and general social, economic or geo-political conditions. Mining exploration and development is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
#1205 – 789 West Pender Street
Vancouver, BC V6C 1H2
Canada
Adrian O’Brien
Director of Marketing and Communications
Tel: 604.809.6890
Email: adrian@midnightsunmining.com
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