Trevali Announces Management Change

VANCOUVER, British Columbia, March 03, 2020 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) today announced that Gerbrand Van Heerden has departed as Trevali’s Chief Financial Officer. Mr. Van Heerden served as CFO since June 1, 2018 and as Trevali’s Senior Vice President, Business Initiatives and Development from January 2018 to May 2018, having previously served as the Chief Financial Officer at Trevali’s Rosh Pinah mine in Namibia.

The Company also announced that Matthew Quinlan has been appointed Interim Chief Financial Officer after having supported Trevali in a consulting capacity over the last 5 months. Mr. Quinlan has 20 years of experience in finance, capital markets and the global mining industry, serving most recently as Chief Financial Officer of Dominion Diamond Corporation and prior to that as Managing Director & Co-Head of CIBC’s Global Mining Investment Banking group.

“On behalf of the entire Trevali team, I thank Gerbrand for his commitment to the company since joining as part of the acquisition of the Rosh Pinah and Pekoa mines.  He was essential in introducing the two operations into the existing Trevali portfolio. We wish him well in his future endeavours,” said Ricus Grimbeek, President and Chief Executive Officer.

A search for a new Chief Financial Officer will commence in the near term.

ABOUT TREVALI

Trevali is a global base-metals mining company, headquartered in Vancouver, Canada. The bulk of Trevali’s revenue is generated from base-metals mining at its four operational assets: the 90%-owned Perkoa Mine in Burkina Faso, the 90%-owned Rosh Pinah Mine in Namibia, the wholly-owned Caribou Mine in northern New Brunswick, Canada and the wholly-owned Santander Mine in Peru. In addition, Trevali owns the Halfmile and Stratmat Properties and the Restigouche Deposit in New Brunswick, Canada, and the past-producing Ruttan Mine in northern Manitoba, Canada. Trevali also owns an effective 44%-interest in the Gergarub Project in Namibia, as well as an option to acquire a 100% interest in the Heath Steele deposit located in New Brunswick, Canada.

The shares of Trevali are listed on the TSX (symbol TV), the OTCQX (symbol TREVF), the Lima Stock Exchange (symbol TV), and the Frankfurt Exchange (symbol 4TI). For further details on Trevali, readers are referred to the Company’s website (www.trevali.com) and to Canadian regulatory filings on SEDAR at www.sedar.com.

Investor Relations Contact:
Brendan Creaney – Vice President, Investor Relations
Email: bcreaney@trevali.com
Phone: +1 (778) 655-6070

Cautionary Note Regarding Forward-Looking Information and Statements

This news release contains “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements are based on the beliefs, expectations and opinions of management of the Company as of the date the statement are published, and the Company assumes no obligation to update any forward-looking statement, except as required by law. Forward-looking statements relate to future events or future performance and reflect management’s expectations or beliefs regarding future events including, but not limited to, statements with respect to the appointment of a permanent Chief Financial Officer, the Company’s growth strategies and planned development activities. By their very nature, forward-looking statements involve 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 statements. Such factors include, among others, risks related to management and organizational changes, the ability to optimize and grow the assets and operations of the Company, and other risks and uncertainties that are more fully described in the Company’s annual information form, interim and annual audited consolidated financial statements and management’s discussion and analysis of those statements, all of which are filed and available for review under the Company’s profile on SEDAR at www.sedar.com. 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 statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Trevali provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events may differ from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Source: Trevali Mining Corporation