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Commonwealth Silver and Gold Completes Positive Preliminary Economic Assessment for the Commonwealth Project, Cochise County, Arizona

TORONTO, ONTARIO -- (Marketwired) -- 02/13/14 -- Commonwealth Silver and Gold Mining Inc. ("Commonwealth Silver and Gold" or the "Company") is pleased to provide the results that will be reported in its Preliminary Economic Assessment ("PEA") for the 98% controlled Commonwealth gold and silver project in Cochise County, Arizona, approximately 120 km (75 miles) southeast of Tucson. The PEA was completed in accordance with National Instrument 43-101 ("NI 43-101") by Hard Rock Consulting, LLC ("HRC") of Lakewood, Colorado. All dollar amounts are in United States dollars unless otherwise stated.

All NPV amounts, IRR and payback period are based on the Company's 98% share of Project economics. All mining statistics, production, capital and closure amounts are to 100%. Highlights from the base case study at $1,350 per ounce gold, $22.50 per ounce silver and based solely on estimated Measured and Indicated mineral resources include:


--  Pre-tax Net Present Value ("NPV") at a 5% discount rate of $141.0
    million and a pre-tax Internal Rate of Return ("IRR") of 74.9%; 
--  After-tax NPV at a 5% discount rate of $101.3 million and IRR of 58.2%; 
--  After-tax payback of 1.6 years; 
--  Pre-production capital cost ("CAPEX") of $27.2 million including a 20%
    contingency; 
--  Remaining advance royalty payment $4.1 million and start-up working
    capital of $13.5 million until positive cash flow from leaching is
    achieved; 
--  Sustaining capital of $20.6 million (100%) over life of mine ("LOM")
    including a 20% contingency and reclamation, net of salvage values of
    $8.4 million; 
--  An 8.7 year mine life, mining and processing 31.2 million tonnes of ore
    at 10,000 tpd, averaging 0.39 grams per tonne ("g/t") gold and 32.0 g/t
    silver; 
--  An overall strip ratio of 0.97:1; 
--  Average annual payable metal production of 35,800 ounces of gold and 1.3
    million ounces of silver for total LOM production of approximately
    312,000 ounces of gold and 10.9 million ounces of silver;  
--  Average annual gold equivalent ("AuEq") production of 57,000 ounces AuEq
    at 60:1 gold to silver ratio, peaking at approximately 69,000 ounces
    AuEq in year 7; 
--  Gold Institute Cost Standard, LOM total cash operating costs are
    estimated to be approximately $831 per gold equivalent ounce; 
--  The HRC PEA has been constrained to the mineral resource estimate
    contained within a pit located entirely on the Company's patented mining
    claims and does not take into account the potential for additional
    mineralization on the adjoining unpatented mining claims or the
    potential for mineralization at the nearby Blue Jeep and San Ignacio
    exploration targets, all of which have the potential to extend the
    current projected life of the overall project or augment the economics
    of future years. Currently, there are no additional estimated mineral
    resources on any of these areas that are in compliance with NI 43-101. 

Michael Farrant, President and CEO stated, "We are extremely pleased with this Preliminary Economic Assessment. It demonstrates that the Commonwealth Project is one of the best undeveloped precious metals projects in the world based on after-tax IRR and after-tax NPV relative to the capital required to put the Project into production. The Project sits on private land in a mining friendly jurisdiction surrounded by first rate infrastructure. Most importantly, given the size of the Project relative to the market capitalization of the Company, this is a Project that can get built and those are exactly the kinds of projects that are retaining a superior valuation in the changing global mining landscape. The Commonwealth Project is currently projected to become the largest operating gold mine in the state of Arizona. As a Company, we have continued to deliver against our originally stated plans and I am very pleased with the work performed by everyone that contributed to the completion of this PEA."

The sensitivity table below shows the pre-tax and after-tax NPV, IRR and payback period at different gold prices, with the corresponding silver price calculated at a 60:1 gold to silver ratio.


----------------------------------------------------------------------------
                                                                      After-
                                           Pre-             Pre-tax      tax
Au Price    Ag Price   Pre-tax After-tax    tax    After-   Payback  Payback
Per Ounce  Per Ounce  NPV ($M)  NPV ($M)    IRR   tax IRR   (Years)  (Years)
----------------------------------------------------------------------------
$1,050      $  17.50  $   34.2  $   22.3   24.7%     18.6%      2.6      5.2
----------------------------------------------------------------------------
$1,125      $  18.75  $   60.9  $   42.7   38.2%     29.6%      2.2      2.5
----------------------------------------------------------------------------
$1,200      $  20.00  $   87.7  $   62.4   50.9%     39.6%      1.8      2.1
----------------------------------------------------------------------------
$1,275      $  21.25  $  114.3  $   81.8   63.1%     49.1%      1.5      1.8
----------------------------------------------------------------------------
$1,350      $  22.50  $  141.0  $  101.3   74.9%     58.2%      1.3      1.6
----------------------------------------------------------------------------
$1,425      $  23.75  $  167.7  $  120.4   86.5%     67.0%      1.0      1.4
----------------------------------------------------------------------------
$1,500      $  25.00  $  194.4  $  138.7   97.9%     75.1%      1.0      1.3
----------------------------------------------------------------------------
$1,575      $  26.25  $  221.1  $  156.4  109.1%     82.4%      0.8      1.1
----------------------------------------------------------------------------
$1,650      $  27.50  $  247.7  $  174.1  120.3%     89.7%      0.7      1.0
----------------------------------------------------------------------------
                                                                         
                                                                         
Table 1: Mine Plan Highlights                                            
                                                                         
-------------------------------------------------------------------------
Summary of Results                                  Unit            Value
-------------------------------------------------------------------------
Mine Life                                          Years              8.7
-------------------------------------------------------------------------
Total ore to leach pads                         M tonnes             31.2
-------------------------------------------------------------------------
Total waste                                     M tonnes             30.3
-------------------------------------------------------------------------
Strip ratio                                          w:o           0.97:1
-------------------------------------------------------------------------
Total re-handled                                M tonnes              5.3
-------------------------------------------------------------------------
Total moved                                     M tonnes             66.8
-------------------------------------------------------------------------
Ore mining rate                                      tpd           10,000
-------------------------------------------------------------------------
Average grade to pad - Au                            g/t             0.39
-------------------------------------------------------------------------
Average grade to pad - Ag                            g/t             32.0
-------------------------------------------------------------------------
Cumulative recovery - Au                              %             79.5%
-------------------------------------------------------------------------
Cumulative recovery - Ag                              %             34.2%
-------------------------------------------------------------------------
LOM production - Au                               ounces          311,534
-------------------------------------------------------------------------
LOM production - Ag                               ounces       10,926,367
-------------------------------------------------------------------------
LOM production - AuEq (60:1)                      ounces          493,640
-------------------------------------------------------------------------
Average annual production - Au                    ounces           35,809
-------------------------------------------------------------------------
Average annual production - Ag                    ounces        1,255,904
-------------------------------------------------------------------------
Average annual production - AuEq (60:1)           ounces           56,740
-------------------------------------------------------------------------
-------------------------------------------------------------------------
                                                                            
                                                                            
Table 2: Economic Highlights                                                
                                                                            
----------------------------------------------------------------------------
Summary of Results                                Value ($ M)      $/oz AuEq
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
 LOM revenue - ($1,350/oz. Au, $22.50/oz. Ag)          $666.4         $1,350
----------------------------------------------------------------------------
 LOM operating costs:                                                       
----------------------------------------------------------------------------
  Mining (including 2.5% contingency)                   182.2            369
----------------------------------------------------------------------------
  Processing (including 2.5% contingency)               190.9            387
----------------------------------------------------------------------------
  Site G&A (including 2.5% contingency)                  19.9             40
----------------------------------------------------------------------------
  Property and other taxes                                5.3             10
----------------------------------------------------------------------------
  Royalties                                               8.2             17
----------------------------------------------------------------------------
  Transportation and refining                             3.8              8
----------------------------------------------------------------------------
Total LOM cash operating costs                          410.3            831
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
Capital and closure costs:                                                  
----------------------------------------------------------------------------
  Pre-production capital                                 23.0             46
----------------------------------------------------------------------------
  Pre-production contingency (20%)                        4.2              9
----------------------------------------------------------------------------
Total pre-production capital                             27.2             55
----------------------------------------------------------------------------
  Sustaining capital                                     17.2             35
----------------------------------------------------------------------------
  Sustaining capital contingency (20%)                    3.4              7
----------------------------------------------------------------------------
Total sustaining capital                                 20.6             42
----------------------------------------------------------------------------
Closure costs net of salvage values                       8.4             17
----------------------------------------------------------------------------
Total capital and closure costs (including                                  
 contingency)                                            56.2            114
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
Other cash outflows:                                                        
----------------------------------------------------------------------------
  Income taxes                                           53.5            108
----------------------------------------------------------------------------
  Other                                                   4.1              8
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
Total after-tax cash flow                              $142.3           $289
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
Unit costs                                               Unit          Value
----------------------------------------------------------------------------
  Cost per tonne mined - 61,426,774 tonnes            $/tonne          $2.97
----------------------------------------------------------------------------
  Cost per tonne processed - 31,153,575                                     
   tonnes                                             $/tonne          $6.13
----------------------------------------------------------------------------
  Cost per tonne site G&A - 31,153,575 tonnes         $/tonne          $0.64
----------------------------------------------------------------------------
----------------------------------------------------------------------------

Mineral Resource Statement for the Commonwealth Gold and Silver Project:

The Mineral Resource estimate, before designing an engineered pit, is based on a 3D geologic model constructed using geologic and assay data from approximately 23,085 meters of drilling in 208 drill holes (155 historic and 43 drilled by the Company) and 2,984 meters of channel sampling in 209 channel sample lines. The assay data was examined for the presence of high grade outlier data which could potentially adversely impact the grade estimation. Based on this analysis, all gold and silver assays were capped at 10.0 g/t and 1,000.0 g/t, respectively. The capped assay data were then composited into 4.0m down-hole lengths for use in grade estimation. Block grades were estimated using inverse distance weighting ("IDW") interpolation methods, specifically ID2.5. The Mineral Resource estimate stated above a 0.2 g/t gold equivalent ("AuEq") cut-off grade is stated below in Table 3.


                                                                            
Table 3: Mineral Resource Statement for the Commonwealth Gold-Silver        
Deposit, Cochise County, Arizona, Hard Rock Consulting, LLC, November 30,   
2013(i)                                                                     
----------------------------------------------------------------------------
                                                    Contained Metal (Ounces)
                                          ----------------------------------
                       Au       Ag    AuEq                                  
Cut-off     Tonnes   Grade   Grade   Grade                                  
(g/t)       ('000)   (g/t)   (g/t)   (g/t)        Au           Ag       AuEq
----------------------------------------------------------------------------
            Inverse Distance 2.5 Model In Pit Measured Resources            
----------------------------------------------------------------------------
0.4          4,069    0.57    48.6    1.38    74,800    6,357,700    180,800
----------------------------------------------------------------------------
0.3          4,504    0.53    45.0    1.28    77,200    6,516,900    185,700
----------------------------------------------------------------------------
0.2          5,007    0.49    41.3    1.18    79,000    6,648,500    189,800
----------------------------------------------------------------------------
            Inverse Distance 2.5 Model In Pit Indicated Resources           
----------------------------------------------------------------------------
0.4         21,934    0.45    36.8    1.06   314,500   25,950,900    746,100
----------------------------------------------------------------------------
0.3         26,643    0.40    32.2    0.93   339,200   27,582,000    799,200
----------------------------------------------------------------------------
0.2         30,623    0.36    29,1    0.85   354,400   28,650,600    832,000
----------------------------------------------------------------------------
                   In Pit Measured and Indicated Resources                  
----------------------------------------------------------------------------
0.4         26,003    0.47    38.6    1.11   389,300   32,308,600    926,900
----------------------------------------------------------------------------
0.3         31,147    0.42    34.1    0.98   416,400   34,098,900    984,900
----------------------------------------------------------------------------
0.2         35,630    0.38    30.8    0.89   433,400   35,299,100  1,021,800
----------------------------------------------------------------------------
                Inverse Distance 2.5 Model Inferred Resources               
----------------------------------------------------------------------------
0.4          7,380    0.29    17.2    0.58    67,900    4,075,100    136,700
----------------------------------------------------------------------------
0.3         12,974    0.25    13.8    0.48   102,800    5,762,000    199,600
----------------------------------------------------------------------------
0.2         18,733    0.21    11.6    0.41   127,600    6,998,200    245,400
----------------------------------------------------------------------------


(i)Notes:                                                                   
(1) Mineral Resources are not Mineral Reserves and do not have demonstrated 
economic viability. There is no certainty that all or any part of the       
Mineral Resources estimated will be converted into Mineral Reserves.        
(2) Measured and Indicated Mineral Resources captured within the pit shell  
meet the test of reasonable prospect for economic extraction and can be     
declared a Mineral Resource.                                                
(3) Inferred Mineral Resources are that part of the Mineral Resource for    
which the quantity and grade or quality are estimated on the basis of       
geological evidence and limited sampling and reasonably assumed, but not    
verified, geological and grade continuity.                                  
(4) All resources are stated above a 0.2 g/t gold equivalent ("AuEq") cut-  
off.                                                                        
(5) Pit optimization is based on assumed gold and silver prices of          
US$1,350/oz. and US$22.50/oz., respectively and mining, processing and G&A  
costs of US$7.25 per tonne. Metallurgical recoveries for gold and silver    
were assigned by lithologic unit.                                           
(6) Mineral resource tonnage and contained metal have been rounded to       
reflect the accuracy of the estimate, and numbers may not add due to        
rounding.                                                                   
(7) Gold Equivalent stated using a ratio of 60:1 and ounces calculated using
the following conversion rate: 1 troy ounce = 31.1035 grams. Metallurgical  
recoveries are not accounted for in the gold equivalent calculation.        

Mineral Resource Estimates Used for Economic Assessment in the PEA:

The estimated Mineral Resource contained within the PEA includes 28.3 million tonnes at a 0.3 g/t AuEq cut-off and an additional 2.8 million tonnes of lower grade ore at a 0.24 g/t AuEq cut-off and is presented in Table 4. This represents the estimated Mineral Resource contained within the preliminary engineered pit design which includes haul roads. The PEA is preliminary in nature and it is important to note that the Mineral Resources described herein are not mineral reserves and, as such, do not have demonstrated economic viability. There is no certainty that the preliminary economic assessment will be realized.


                                                                            
Table 4: Measured and Indicated Resources within Pit Design                 
----------------------------------------------------------------------------
                                                    Contained Metal (Ounces)
                                               -----------------------------
                                Au     Ag  AuEq                             
Pit      Resource     Tonnes Grade  Grade Grade                             
 Phase    Category    ('000) (g/t)  (g/t) (g/t)      Au          Ag     AuEq
----------------------------------------------------------------------------
Phase 1  Measured      3,253  0.46  43.07  1.18  48,034   4,504,874  123,115
----------------------------------------------------------------------------
Phase 1  Indicated    12,227  0.36  34.57  0.94 142,539  13,590,165  369,042
----------------------------------------------------------------------------
         Measured +                                                         
Phase 1   Indicated   15,480  0.38  36.36  0.99 190,573  18,095,039  492,157
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Phase 2  Measured      1,633  0.56  38.17  1.19  29.212   2,003,915   62,610
----------------------------------------------------------------------------
Phase 2  Indicated    14.040  0.38  26.37  0.82 172,644  11,902,972  371,027
----------------------------------------------------------------------------
         Measured +                                                         
Phase 2   Indicated   15,673  0.40  27.60  0.86 201,856  13,906,886  433,637
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Total                                                                       
 All                                                                        
 Phases  Measured      4,886  0.49  41.43  1.18  77,245   6,508,788  185,725
----------------------------------------------------------------------------
Total                                                                       
 All                                                                        
 Phases  Indicated    26,267  0.37  30.19  0.88 315,184  25,493,137  740,069
----------------------------------------------------------------------------
Total                                                                       
 All     Measured +                                                         
 Phases   Indicated   31,154  0.39  31.95  0.92 392,429  32,001,925  925,794
----------------------------------------------------------------------------
----------------------------------------------------------------------------
1) Mineral Resources are not Mineral Reserves and do not have demonstrated  
economic viability. There is no certainty that all or any part of the       
Mineral Resources estimated will be converted into Mineral Reserves.        
2) Prepared by Jeff Choquette, P.E., Mining Engineer, an independent        
Qualified Person within the meaning of NI 43-101, using a reporting cut-off 
grade of 0.24 g/t AuEq.                                                     
3) Gold Equivalent stated using a ratio of 60:1 and ounces calculated using 
the following conversion rate: 1 troy ounce = 31.1035 grams.  Metallurgical 
recoveries are not accounted for in the gold equivalent calculation.        

(i)Total Measured and Indicated ("M&I") resources are inclusive of the M&I resources limited to the optimized ultimate pit boundary and as such Table 4 summarizes resources contained within the pit design only.

Mining and Crushing

The mine plan developed for the PEA mines the Commonwealth deposit in two phases. The phase one pit containing 15.48 million ore tonnes is mined during years 1 to 4. During years 1 to 3, the average strip ratio is 0.66:1. During year 4, mining begins to transition into the phase two pit containing 15.67 million ore tonnes. The average strip ratio over years 4 to 6 is 1.66:1 while during years 7 to 9 the average strip ratio falls to 0.42:1.

Standard open pit mining methods are utilized involving typical drilling, blasting and material movement. The 31.2 million ore tonnes to be placed on the leach pads are comprised of five different rock types. Three of these rock types comprising 19.43 million ore tonnes (62%) are required to be crushed to 1/2 inch. Two of these rock types comprising 11.72 million ore tonnes (38%) are required to be crushed to 1/8 inch and agglomerated.


                                                                            
Table 5: Crush Size, Recovery and Ore Tonnage by Rock Type                  
-------------------------------------------------------------
                                  Recoveries (%)             
-------------------------------------------------------------
Rock Type          Crush Size       Au        Ag   Tonnes (M)
-------------------------------------------------------------
Rhyolite                 1/8"     78.0      30.0         7.34
-------------------------------------------------------------
Vein                     1/8"     79.0      49.0         4.38
-------------------------------------------------------------
Lower Andesite           1/2"     81.0      33.0         4.63
-------------------------------------------------------------
Upper Andesite           1/2"     78.0      35.0         6.11
-------------------------------------------------------------
Bisbee                   1/2"     80.0      23.0         8.69
-------------------------------------------------------------
Total                             79.5      34.2        31.15
-------------------------------------------------------------

The Company received a quote from a contractor to perform all of the drilling, blasting, material movement and crushing to mine plan specifications. This quote has been included in the PEA.

Processing

The Commonwealth Project will use a (flow rate) Merrill-Crowe gold and silver recovery plant using zinc precipitation to recover gold and silver from cyanide solution. The process plant will operate 24 hours per day and 365 days per year at a rate of 3,000 gallons per minute. The process plant will produce dore with approximately 97% of the precious metal content being silver and 3% being gold.

Infrastructure

The Commonwealth Project is accessible by paved highway. Currently a 14.4 KvA powerline services the property with 60 amp service. The PEA envisions upgrading the trunk powerline from the Apache Generating Station located 19km (11 miles) from the Project site at a cost of approximately $358,000. Water is planned to be sourced from regional groundwater sources.

Capital Costs

The initial capital requirement for the Project to 100% is estimated to be $27.2 million, sustaining capital of $20.6 million and net closure costs of $8.4 million as detailed in the table below. A contingency of $7.6 million is included in the $56.2 million total.


                                                                            
Table 6: Commonwealth Project Capital and Closure Costs                     
--------------------------------------------------------------
Capital and Closure Costs                         $ (millions)
--------------------------------------------------------------
Pre-production Capital Costs                                  
--------------------------------------------------------------
Conveying equipment                                        4.8
--------------------------------------------------------------
Merrill-Crowe plant and equipment                          2.5
--------------------------------------------------------------
Truck shop, assay lab and buildings                        4.5
--------------------------------------------------------------
Haul roads and access road                                 1.2
--------------------------------------------------------------
Leach pad and ponds                                        4.9
--------------------------------------------------------------
Off-site infrastructure                                    0.7
--------------------------------------------------------------
Owner's cost and indirects                                 3.1
--------------------------------------------------------------
Surface rights                                             1.3
--------------------------------------------------------------
Total pre-production initial capital costs                23.0
--------------------------------------------------------------
Contingency                                                4.2
--------------------------------------------------------------
Total pre-production capital costs                        27.2
--------------------------------------------------------------
Sustaining Capital Costs                                      
--------------------------------------------------------------
Leach pads                                                 8.9
--------------------------------------------------------------
Merrill-Crowe plant and equipment                          8.3
--------------------------------------------------------------
Contingency                                                3.4
--------------------------------------------------------------
Total sustaining capital                                  20.6
--------------------------------------------------------------
Reclamation and closure costs                             12.3
--------------------------------------------------------------
Salvage values - mine and other                          (2.6)
--------------------------------------------------------------
Salvage values - land                                    (1.3)
--------------------------------------------------------------
Closure costs net of salvage values                        8.4
--------------------------------------------------------------
Total capital and closure costs                           56.2
--------------------------------------------------------------

Financial Analysis and Sensitivities

Using a gold price of $1,350 per ounce and a silver price of $22.50 per ounce, the PEA yields a pre-tax NPV at 5% of $141.0 million and IRR of 74.9% with a payback period of 1.3 years. After-tax NPV at 5% amounts to $101.3 million, and IRR of 58.2% and a payback period of 1.6 years.


Table 7: Project NPV Sensitivity to Discount Rates                          
------------------------------------------------
Discount Rate      Pre-tax NPV     After-tax NPV
------------------------------------------------
0%                      $195.8            $142.3
------------------------------------------------
5%                      $141.0            $101.3
------------------------------------------------
8%                      $115.6             $82.0
------------------------------------------------
10%                     $101.3             $71.2
------------------------------------------------

Qualified Persons and Contributors

The Technical Report and Preliminary Economic Assessment for the Commonwealth Silver and Gold Project was prepared by Hard Rock Consulting, LLC of Lakewood, Colorado, with the following Qualified Persons, as defined by NI 43-101, each of whom is independent of the Company, contributing to their respective sections:

Qualified Persons

Zachary Black - QP-SME-RM, Geology, Resource Modeling

J. J. Brown - P.G., QP-SME-RM, Geology, Overall Report Content

Jeff Choquette - P.E., QP-MMSA, Mine Planning, Economic Modelling, Mine Management

Deepak Malhotra, Resource Development Inc - Ph.D., QP-MMSA, Metallurgy

Additional Contributors:

Don Beesley - B.Sc., Project Management, Scheduling, Estimating

Mark Shonnard - B.A. (Hons), CPA, Economic Modeling, Financial Analysis

Kenn Zerby - B.Sc., Mechanical Engineering, Graphics and Drafting

Each of the consultants has reviewed and approved this news release. In addition, the foregoing technical information has also been reviewed by Mr. Hall Stewart, Vice President, Exploration for Commonwealth Silver and Gold and a Qualified Person for the purpose of NI 43-101.

Technical Report

A copy of the full NI 43-101 Technical Report will be available on the Company's website at www.commonwealthsilver.ca within 45 days.

About Commonwealth Silver and Gold Mining Inc.

Commonwealth Silver and Gold is a private Canadian mineral exploration and development company focused on acquiring gold and silver properties in politically stable, mining friendly jurisdictions and advancing its flagship Commonwealth Project in Arizona towards production. The Company comprises an experienced management group with a strong background in acquisition, exploration, development and financing of precious metals mining projects.

For further information on Commonwealth Silver and Gold please visit www.commonwealthsilver.ca.

CAUTIONARY NOTE TO U.S. INVESTORS CONCERNING ESTIMATES OF MEASURED, INDICATED AND INFERRED MINERAL RESOURCES:

Information concerning the properties of Commonwealth Silver and Gold has been prepared in accordance with Canadian standards under applicable Canadian securities laws and may not be comparable to similar information for United States companies. This news release uses the terms "Mineral Resource", "Measured Mineral Resource", "Indicated Mineral Resource" and "Inferred Mineral Resource" which are Canadian mining terms as defined in and required to be disclosed by NI 43-101 under guidelines set out in the CIM standard "CIM Definition Standards - For Mineral Resources and Reserves". While the terms "Mineral Resource", "Measured Mineral Resource", "Indicated Mineral Resource" and "Inferred Mineral Resource" are recognized and required by Canadian regulations, they are not defined terms under standards of the United States Securities and Exchange Commission (the "SEC"). The estimation of measured and indicated Mineral Resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that measured and indicated Mineral Resources will be converted into reserves. The estimation of inferred Mineral Resources involves far greater uncertainty as to their existence and economic viability than the other categories of estimated Mineral Resources. It cannot be assumed that all or any part of an "Inferred Mineral Resource" will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. Readers are also cautioned not to assume that all or any part of Measured or Indicated Resources will ever be converted to Mineral Reserves. Additionally, readers are cautioned not to assume that all or any part of an "Inferred Mineral Resource" exists, or is economically mineable.

Disclosure of "contained ounces" in an estimated Mineral Resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this news release may not be comparable to similar information made public by U.S. companies that are not subject to NI 43-101.

CAUTIONARY NOTE REGARDING FORWARD LOOKING INFORMATION

This news release contains certain "forward-looking information" under Canadian securities laws. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. This can include, but is not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes etc. Forward-looking information addresses future events and conditions and therefore involves inherent risks and uncertainties. There can be no assurance that outcomes anticipated in the forward-looking information will occur and actual results may differ materially from those currently anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise any forward-looking information, except as may be required by law.

No stock exchange, regulation securities provider, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.

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SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure for an exceptional end-user experience. Through a world-class network and unrivaled, objective intelligence into Internet conditions, Dyn ensures traffic gets delivered faster, safer, and more reliably than ever.
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal today!
SYS-CON Events announced today that CommVault has been named “Bronze Sponsor” of SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. CommVault's exclusive single-platform architecture gives companies unp...
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.
SYS-CON Events announced today that Intelligent Systems Services will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Established in 1994, Intelligent Systems Services Inc. is located near Washington, DC, with representatives and partners nationwide. ISS’s well-established track record is based on the continuous pursuit of excellence in designing, implementing and supporting nationwide clients’ mission-critical systems. ISS has completed many successful projects in Healthcare, Commercial, Manu...
"We have a tagline - "Power in the API Economy." What that means is everything that is built in applications and connected applications is done through APIs," explained Roberto Medrano, Executive Vice President at Akana, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
SYS-CON Events announced today that SoftLayer, an IBM company, has been named “Gold Sponsor” of SYS-CON's 17th International Cloud Expo®, which will take place November 3–5, 2015 at the Santa Clara Convention Center in Santa Clara, CA. SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to global enterprises. SoftLayer’s modular architecture, full-featured API, and sophisticated automation pro...
The basic integration architecture, as defined by ESBs, hasn’t changed for more than a decade. Most cloud integration providers still rely on an ESB architecture and their proprietary connectors. As a result, enterprise integration projects suffer from constraints of availability and reliability of these connectors that are not re-usable across other integration vendors. However, the rapid adoption of APIs and almost ubiquitous availability of APIs amongst most SaaS and Cloud applications are rapidly redefining traditional integration approaches and their reliance on proprietary connectors. ...
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Among the proven benefits, DevOps is corr...
SYS-CON Events announced today that WHOA.com, an ISO 27001 Certified secure cloud computing company, participated as “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which took place June 9-11, 2015, at the Javits Center in New York City, NY. WHOA.com is a leader in next-generation, ISO 27001 Certified secure cloud solutions. WHOA.com offers a comprehensive portfolio of best-in-class cloud services for business including Infrastructure as a Service (IaaS), Secure Cloud Desktop, Cloud Storage, Disaster Recovery, Integrated Applications and Security.
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, will explore the IoT cloud-based platform technologies driving this change including privacy controls, data transparency and integration of real time context wi...
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some form of XaaS – software, platform, and infrastructure as a service.
The enterprise market will drive IoT device adoption over the next five years. In his session at @ThingsExpo, John Greenough, an analyst at BI Intelligence, division of Business Insider, analyzed how companies will adopt IoT products and the associated cost of adopting those products. John Greenough is the lead analyst covering the Internet of Things for BI Intelligence- Business Insider’s paid research service. Numerous IoT companies have cited his analysis of the IoT. Prior to joining BI Intelligence, he worked analyzing bank technology for Corporate Insight and The Clearing House Payment...
"ciqada is a combined platform of hardware modules and server products that lets people take their existing devices or new devices and lets them be accessible over the Internet for their users," noted Geoff Engelstein of ciqada, a division of Mars International, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
SYS-CON Events announced today that ProfitBricks, the provider of painless cloud infrastructure, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. ProfitBricks is the IaaS provider that offers a painless cloud experience for all IT users, with no learning curve. ProfitBricks boasts flexible cloud servers and networking, an integrated Data Center Designer tool for visual control over the cloud and the best price/performance value available. ProfitBricks was named one of the coolest Clo...
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than