Arizona Sonoran strengthens its management team

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CASA GRANDE, Arizona and TORONTO — Arizona Sonoran Copper Company Inc. (TSX: ASCU) (“ASCU” or the “Company”), an emerging copper developer and short-term producer based in the United States, today announces that it has strengthened its operations team in Arizona and the finance based in Toronto. Dan Johnson, Project Manager, and John Peterson, Senior Environmental Professional, are well-known and well-respected individuals with long careers in Arizona’s mining industry, while Kevin Canario, Chief Financial Officer, has been a key member of mining finance teams as an auditor and chief financial officer.

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The ASCU has appointed the following individuals:

  • Dan Johnson, PE, RG, RM-PME, Project Manager
    • Dan has held senior management positions for five recently built mining operations. He also assumed senior management responsibilities for the engineering and construction of several other national and international mines, completing the completion of the pre-feasibility study and the early construction cycle of Cactus.
  • John Peterson as Senior Environmental Professional
    • John comes from the Arizona Department of Environmental Quality and will be instrumental in the permitting process, while freeing up time for Travis Snider, Vice President of Sustainability and External Relations, to focus solely on company’s ESG and net zero carbon emissions journey.
  • Kevin Canario, CPA, CA as Chief Financial Officer
    • Kevin joins with experience from various finance and accounting leadership positions in the mining industry with a focus on financial reporting, treasury, corporate governance, risk management and taxation. He will be a key addition to Toronto’s finance team as ASCU moves forward with feasibility studies and project financing.

ASCU President and CEO George Ogilvie commented “We are welcoming new team members in anticipation of the engineering, procurement, construction and management stage of project development. These new positions are the first of several to put us in place for an effective evolution of the Cactus mine through technical studies, and towards the decision to finance the post-construction project. On site at Cactus, Dan and John both bring in-depth knowledge and understanding of the copper industry, including permitting in Arizona, and the hydrological and technical requirements of scaling up a large copper operation. copper SX/EW.

Dan Johnson, PE, RG, RM-PME, Project Manager
Mr. Johnson is a resident of Arizona and has more than three decades of experience in environmental management, hydrological engineering and project management in the state’s mining industry. Most recently, Mr. Johnson was Vice President and General Manager of Taseko’s Florence Copper Project, where he led the company’s environmental, technical, construction and operational commissioning permitting efforts with support of the project team over a period of nine years. Previously, he was Director/Director of Technical and Environmental Services for projects in North America and Chile at QuadraFNX, and held leadership positions at Phelps Dodge, Freeport-McMoRan, Rio Tinto, and Montgomery Watson Harza. He currently sits on the board of directors of the Arizona Mining Association and is an elected member.

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Dan graduated from the University of Arizona and is a geologist, hydrologist and licensed professional engineer.

John Peterson, Senior Environmental Professional
Mr. Peterson has 37 years of experience in environmental permitting, mining, groundwater development, environmental site assessment, environmental remediation and site management. from the Federal Superfund. Most recently, Mr. Peterson was a project manager with the Arizona Department of Environmental Quality, responsible for representing the interests of the State of Arizona in the cleanup and maintenance of several Superfund sites in arizona. Previously, Mr. Peterson worked in environmental consulting in several capacities; manage site assessment and cleanup of impacted sites across the United States; personnel management and training; carry out a hydrological assessment of aquifers; permits, including aquifer protection permits; and conducting groundwater resources and water supply studies for a major Arizona mining interest. Mr. Peterson’s clients include the military, mining companies and private businesses.

John earned a B.Sc. degree in Hydrology from the University of Arizona.

Kevin Canario, CPA, CA, Chief Financial Officer
Mr. Canario has 15 years of experience in accounting and finance in the mining industry, both in insurance and in various management roles with mining companies listed on the Toronto Stock Exchange. Most recently Kevin was the Chief Financial Officer of the Ore Group of Companies, leading the six entities through a period of transition, and prior to that he was the Corporate Controller of the former Battle North Gold Corporation, where he led the functions of company financial and cash reporting. At Battle North Gold, he was a key part of the team that prepared the feasibility study for the company’s flagship asset, and he was closely involved in numerous mergers and acquisitions initiatives. Previously, he was CFO of INV Metals Inc. and worked at PricewaterhouseCoopers LLP for 5 years in the mining assurance practice, managing audits for a variety of publicly traded clients ranging from junior exploration to large operations. multi-assets.

Mr. Canario holds a CPA, CA and an Honors Bachelor of Commerce from McMaster University, Ontario, Canada.

Neither the TSX nor the regulator has approved or refuted the information contained in this press release.

About Arizona Sonoran Copper Company ( www.arizonasonoran.com | www.cactusmine.com)
ASCU’s goal is to become a mid-tier copper producer with low operating costs, develop the Cactus project which could generate strong returns for investors, and provide long-term sustainable and responsible mining for the community and all stakeholders. The Company’s principal asset is a 100% interest in the Cactus Project (formerly ASARCO, Sacaton Mine) which is located on private land in an infrastructure-rich region of Arizona. Contiguous to the Cactus project, the Company is also exploring its 100% owned Park Salyer property which could allow for a gradual expansion of the Cactus mine once it becomes a producing asset. The company is led by a management team and board of directors who have a long track record of delivering successful projects in North America, complemented by expertise in global capital markets.

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Forward-looking statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause ASCU’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. forward-looking statements. Factors that could affect earnings include, among others: future metal prices and supply; drilling results; the inability to raise the necessary funds to incur the necessary expenses for the preservation and advancement of the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; results of exploration programs; accidents, labor disputes and other hazards of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, projected operating costs, failure to obtain regulatory or shareholder approvals.

Although the ASCU has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results differ from those anticipated, estimated or intended. . The forward-looking statements contained herein are made as of the date of this press release, and the ASCU disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities. laws.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220510005435/en/

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contacts

Alison Dwoskin, Director, Investor Relations
647-233-4348
[email protected]

George Ogilvie, President, CEO and Director
416-723-0458
[email protected]

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