Cerro de Pasco Resources Awarded the Quiulacocha Tailings in AMSAC Public Bidding Process


Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified using forward-looking terminology such as “plans”, “seeks”, “expects”, “estimates”, “intends”, “anticipates”, “believes”, “could”, “might”, “likely”, “scheduled” or variations of such words or statements that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “will be taken”, “occur”, “be achieved” or other similar expressions. Forward-looking statements, including the expectations of CDPR’s management regarding the execution of the definitive agreements with AMSAC and the timing thereof, the expected consolidation of the rights required to advance the Quiulacocha Tailings Reprocessing Project; the advancement of the Quiulacocha Tailings Reprocessing Project, and the timing, outcome and impact of permitting and regulatory processes, are based on CDPR’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of CDPR to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. There can be no assurance that the definitive agreements with AMSAC will be executed on the expected timeline or at all. Forward-looking information is based on the opinions, estimates and assumptions of management as of the date of this news release. These assumptions include that the definitive agreements will be executed with AMSAC within the expected timeframe and on terms consistent with the rules of the Auction; that the Company will satisfy the terms and conditions of the Auction; that the award will not be successfully challenged; that the required permits, authorizations and community agreements will be obtained in a timely manner; that financing will be available on acceptable terms. Forward-looking statements are subject to business and economic factors and uncertainties and other factors that could cause actual results to differ materially from these forward-looking statements, including the risk that the definitive agreements are not executed on the expected timeline, on the expected terms, or at all; challenges to the award, or administrative or legal proceedings relating to the Auction; and the the risk factors set out in CDPR’s public documents, available on SEDAR+ at www.sedarplus.ca.



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