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Black Butte Copper Progress Report

White Sulphur Springs, Montana– October 5, 2018 –Sandfire Resources America Inc. (“Sandfire America” or the “Company”) is pleased to provide the following update regarding activities related its underground Black Butte Copper project.

Technical Update

The Company is planning an Autumn 2018 drilling program designed to collect additional data for resource verification and to collect geotechnical data necessary to the Feasibility Study. The Company has selected Ruen Drilling, Inc. as the contractor for the drilling program. Drilling will commence upon approval of the drill program by the Montana Department of Environmental Quality (MT DEQ). The DEQ determined the drill amendment complete on September 6th and the environmental review is underway.

The Company has signed a letter of intent with GR Engineering Services Limited to be the lead consultant on the Feasibility Study. Under the arrangement with GR Engineering Services Limited, Mining Plus Pty Ltd will prepare the Mineral Reserve Statement. SRK Consulting have been selected to prepare the Mineral Resource Statement. Each group is expected to manage the Feasibility Study work through their Denver offices. Initial feasibility work is planned to start soon with the bulk of the work commencing in November with a target completion date of the June Quarter 2019. Tetra Tech has completed initial design work and the specification report for the portal pad and the contact water pond. This is a key milestone as the first completed design for construction of the project.

Corporate Activities

On the corporate front, the Company is pleased to announce Rob Scargill has been appointed as the CEO of Sandfire Resources America Inc. Since the unexpected passing of John Shanahan in early June, Mr. Scargill acted as Interim CEO. Mr. Scargill will also continue in his role as VP of Project Development for the Company’s wholly-owned subsidiary.

The Company is currently undertaking a Rights Offering which will be completed on October 30, 2018 to fund ongoing permitting costs, the bankable feasibility study and future development costs related to the Black Butte Copper project. In addition to the US$1M loan referred to in our June Quarter MD&A, a bridge loan of US$1.5M has been advanced to the Company from an affiliate of its major investor, Sandfire Resources NL who indirectly owns approximately 78% of the Company. This bridge loan will ensure the Company can meet current obligations and continue working toward its goals through timely implementation of drilling and feasibility work. The rights offering is expected to raise up to CAD$18.9M.

CEO and VP of Project Development Rob Scargill stated, “Sandfire America continues to make demonstrable progress on our Black Butte underground copper project. We are bringing together a high caliber team with significant mine design and development experience to undertake the Feasibility Study.  Once all approvals have been received, this study work will provide a robust platform upon which we can confidently construct a sustainable mining project, whilst protecting the local environment and communities.”

The MT DEQ is currently in the final stages of the Environmental Impact Statement (EIS) and expects to have a draft EIS out for public comment sometime this Autumn. The ROD, which would be issued by the MT DEQ, could be completed in early 2019.

Community

Sandfire America continues to engage local communities and stakeholders throughout Montana. Monthly tours continue and will be hosted into November and then will resume next Spring. The Meagher County Stewardship Council, developed as a stakeholder oversight entity for the community and facilitated through the neutral third party help of One Montana, hosted its inaugural meeting September 25, 2019.   The Company embraces this development and is pleased to see the interest in making sustainable investments and decisions in the local community related to Black Butte Copper.

VP of Communications Nancy Schlepp shared “It is exciting that we are assisting in creating a model of community engagement that will benefit our community and that others may be able to emulate and benefit from as well. The ability to maintain and grow our social license while bringing the underground Black Butte Copper project to fruition is very important to everyone here at Sandfire America.”

Contact Information:
Sandfire Resources America Inc.
Nancy Schlepp, VP of Communications
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@sandfireamerica.com

CAUTIONARY NOTE

Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute “forward looking information” within the meaning of Canadian securities legislation, including statements regarding the completion of the Feasibility Study, permitting timelines and the Company’s plans for advancing the Black Butte Copper Project and expected outcomes. In making these forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company will receive required regulatory approvals, that the Company will continue to be able to access sufficient funding to execute its plans, and that the results of exploration and development activities will be consistent with management’s expectations. However, the forward-looking statements in this document are subject to numerous risks, uncertainties and other factors, including factors relating to the Company’s operation as a mineral exploration and development company and the Black Butte Copper Project, that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including that results of exploration and development activities will not be consistent with management’s expectations, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

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 release.

Black Butte Copper Progress Update

White Sulphur Springs, Montana– July 25, 2018 –Sandfire Resources America Inc. (“Sandfire America” or the “Company”) is pleased to provide the following update on activities at the Black Butte Copper underground project in Montana.

Metallurgical Drilling and Test Work

The 2018 Spring drilling program focused on recovering mineralized core for further metallurgical test work.  16 large-diameter (114 mm diameter) diamond drill holes dispersed throughout the Upper Copper Zone (“UCZ”) of the Johnny Lee deposit provided representative samples for metallurgical testing. These holes also delivered further clarification of the geology within the UCZ.

A total of 2,011 kilograms of mineralized core has been prepared for metallurgical testing at Base Metallurgical Laboratories (“BML”) in Kamloops, British Columbia.  BML are world-wide recognized experts in base metal froth flotation recovery testing.  The results of this test work will support the design of the proposed process flow sheet for the processing plant which is an integral component of the Bankable Feasibility Study, and will allow modelling of recoverable copper within the mineralized zones to optimize scheduling.

Two additional diamond drill holes pierced the Lower Copper Zone (“LCZ”) of the Johnny Lee deposit and improved knowledge of this zone.

An additional three diamond drill holes were completed outside the known mineralized zones to investigate areas of planned future facilities.

See Table 1. below for results from drill intersections through the UCZ and LCZ and associated drill hole locations on Maps 1 and 2.

Table 1. Black Butte Copper 2018 Spring Drilling Program Intersections of the Johnny Lee Deposit

Hole ID From
(m)
To
(m)
Length (m) Cu Co Ag g/t    
SC18-207 63.24 70.64 7.40 2.21% 0.14% 14.3 UCZ
SC18-209 83.48 89.66 6.18 1.52% 0.07% 7.7 UCZ
and 102.29 109.60 7.31 4.38% 0.13% 8.0 UCZ
SC18-211 118.24 147.42 29.18 2.23% 0.08% 14.2 UCZ
SC18-212 121.22 135.16 13.94 1.94% 0.08% 14.6 UCZ
SC18-213 132.73 139.00 6.27 1.57% 0.08% 18.3 UCZ
and 142.88 146.75 3.87 1.83% 0.04% 16.5 UCZ
SC18-214 156.70 160.29 3.59 2.50% 0.11% 23.2 UCZ
SC18-215 56.50 58.77 5.99 2.74% 0.08% 11.4 UCZ
SC18-216 UCZ Abandoned
SC18-217 119.70 132.13 12.43 3.26% 0.19% 12.4 UCZ
SC18-218 49.17 56.93 7.76 0.98% 0.11% 26.5 UCZ Intercept compromised by poor core recovery
SC18-219 74.03 85.05 11.02 2.34% 0.14% 8.6 UCZ
SC18-220 121.58 126.80 5.22 2.29% 0.13% 21.3 UCZ
SC18-221 101.35 109.79 8.44 1.96% 0.07% 7.3 UCZ
SC18-222 90.40 103.74 13.34 1.95% 0.05% 19.1 UCZ
SC18-224 119.48 131.98 12.50 2.78% 0.11% 11.1 UCZ
SC18-225 No significant mineralization intercepted UCZ
SC18-226 55.70 66.10 10.40 2.07% 0.10% 17.7 UCZ
SC18-223 424.02 425.67 1.65 12.10% 0.05% 13.1 LCZ
SC18-227 422.06 423.68 1.62 9.42% 0.13% 20.2 LCZ

*UCZ intercept calculations included a minimum of 3.0 metres above 1.5 % cutoff grade, with maximum of 5.0 metres internal waste.
*LCZ intercept calculations included a minimum of 1.5 metres above 1.5 % cutoff grade, with maximum of 1.5 metres internal waste.

Drilling in the Upper Copper Zone was conducted sampling PQ-sized core. Drilling in the Lower Copper Zone was conducted collecting HQ3-sized core. Drill holes were oriented with dips varying between vertical (-90) to -55 degrees in relatively flat-lying to slightly dipping mineral zones. Intercepts may be slightly longer than true thickness.

All Upper Copper Zone (UCZ) mineralized zones were sampled whole and delivered to Base Metallurgical Labs (BML) in Kamloops BC for processing.  BML crushed the entire sample to 85% passing 2mm then split off 1kg, which was ground to 85% passing 75 micron and delivered to ALS Global Labs in Vancouver BC. ALS Global wet-sieved the split to insure grinding passed specifications and then assayed for gold by fire assay with AA finish. Base metals were analyzed using a 4-acid digestion and ICP-AES analysis. Various other trace and major elements were also analyzed utilizing ICP and XRF procedures. Sandfire America utilized a QA/QC protocol which included inserting Certified Reference Materials (CRM) on a minimum of 1 CRM in 20 samples insertion rate.  ALS Global included assays of duplicates, standards, and blanks for QA/QC purposes.

All Lower Copper Zone samples were taken from ½ splits of the HQ3 core and shipped directly to ALS Global Lab in Reno NV. The samples were crushed to 85% passing 2mm size, split down and then ground to 85% passing 75 micron size. These pulps were then assayed utilizing same processes and procedures as described above for the UCZ samples. The same QA/QC procedures were utilized as well.

ALS Global labs are accredited to ISO/IEC 170205:2017 methods for North America

 

Bankable Feasibility Study (“BFS”)

Preparations are well advanced for the Black Butte Copper underground project BFS.  In addition to the metallurgical work discussed above, the Company has contracted SRK Consulting to complete a review of the structural geology of the property, utilizing historic data and new stratigraphic modeling completed by the in-house geological team.    Combined with the existing resource modelling, this work will provide the basis for the initial underground design work.

Other packets of work for the BFS are being prepared for issuance for tender with a target completion date of the June Quarter 2019.

Permitting Progress

Preparation of the Environmental Impact Study (“EIS”) under the watchful eye of the Montana Department of Environmental Quality (“DEQ”) is progressing.  A draft EIS may be available for public comment in the fall of 2018.

The draft air permit was issued by the DEQ in June and will be incorporated into the EIS.  In May, the Company received notification from DEQ that its MPDES (Montana Pollutant Discharge Elimination System) water quality permit application has no further deficiencies.

Corporate Activities

In June, the Company completed a simplification restructuring removing two unnecessary subsidiaries and, in the process, released US$1.15 million of restricted funds.  Following the simplification, the Company now has one wholly owned subsidiary, Tintina Montana Inc, which in turn wholly owns the Black Butte Copper underground project.

Management is currently considering a Rights Issue to fund ongoing permitting costs, the BFS and future drilling activities.

Interim CEO and VP of Project Development Rob Scargill stated, “The Company is pleased to see the Black Butte Copper underground project progressing in such a consistently positive direction.  We look forward to reaching the construction phase of this project and implementing our vision, which is consistent with our community’s stewardship council’s vision, of a project that has a net positive effect economically, socially, and environmentally.”

QUALIFIED PERSON
Jerry Zieg, Vice President of Exploration for the Company, is a Qualified Person for the purposes of NI 43-101 and has  reviewed, verified, and approved the data disclosed and information of a scientific or technical nature contained in this news release.

 

Contact Information:
Sandfire Resources America Inc.
Nancy Schlepp, VP of Communications
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@sandfireamerica.com

CAUTIONARY NOTE

Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute “forward looking information” within the meaning of Canadian securities legislation, including statements regarding the completion of the BFS, permitting timelines and the Company’s plans for advancing the Black Butte Copper Project and expected outcomes. In making these forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company will receive required regulatory approvals, that the Company will continue to be able to access sufficient funding to execute its plans, and that the results of exploration and development activities are consistent with management’s expectations. However, the forward-looking statements in this document are subject to numerous risks, uncertainties and other factors, including factors relating to the Company’s operation as a mineral exploration and development company and the Black Butte Copper Project, that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including that results of exploration and development activities will not be consistent with management’s expectations, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

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 release.

Sandfire Resources America Announces appointment of Vice President of Project Development and provides Black Butte Copper Project Update

White Sulphur Springs, Montana – June 6, 2018 – Sandfire Resources America Inc. (“Sandfire America” or the “Company”) is pleased to announce the appointment of Robert Scargill as Vice President – Project Development and as a Director of Sandfire America.

Mr. Scargill is an internationally experienced mining engineer responsible for the development and operation of a number of underground mines. Most recently, Mr. Scargill was the Chief Executive Officer of LeadFX Inc., a Canadian based company with projects in Western Australia and Utah. Mr. Scargill holds a Bachelor of Engineering (Honors) Degree from the University of Nottingham, United Kingdom, and a Graduate Diploma of Management from the University of Central Queensland, Australia. Rob will be responsible for the development of a Bankable Feasibility Study for the Black Butte Copper Project and full development of the portal and decline once all regulatory approvals are in place.

The Company is also pleased to provide an update on permitting of the Black Butte Copper Project in Central Montana. The Company was recently issued a draft Air Quality permit and has received notification that its MPDES (Montana Pollutant Discharge Elimination System) permit has been deemed Complete & Compliant by the Montana Department of Environmental Quality. The draft Air Quality permit is subject to a 30 day comment period ending July 5th and a draft MPDES permit is expected to be included in the draft EIS which will be released in the coming months.

The Black Butte Project’s Mine Operating Permit Application (“MOP”) was deemed Complete and Compliant on August 14, 2017 and the Company received a Draft Mine Operating Permit on September 19, 2017. The proposed underground mine is designed to provide economic opportunity to Central Montana while fully protecting the surrounding environment along Sheep Creek. A summary of the MOP can be found on our website www.sandfireamerica.com in the transparency library along with a 3D animation of the planned project showing what the site will look like before development, during mining operations, and being returned to agricultural use after reclamation.

John Shanahan, CEO stated, “We welcome Rob as a valued member of the management team and as a director to our board. We continue to move this extraordinary project forward and remain fully committed to operating in a safe and environmentally sound way that will protect our pristine environment while providing new economic opportunities for Meagher County and the state of Montana.”

Contact Information:
Sandfire Resources America Inc.
Nancy Schlepp, VP of  Communications
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@sandfireamerica.com


Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute “forward looking information” within the meaning of Canadian securities legislation, including statements regarding the Company’s proposed name change and plans for advancing the Black Butte Copper Project, and expected outcomes. In making these forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company will receive required regulatory approvals for the proposed name change, that the Company will continue to be able to access sufficient funding to execute its plans, that the Company’s plans for tailings and water management will be implemented as expected and will have the intended benefits and that the results of exploration and development activities are consistent with management’s expectations. However, the forward-looking statements in this document are subject to numerous risks, uncertainties and other factors, including factors relating to the Company’s operation as a mineral exploration and development company and the Black Butte Copper Project, that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including that the Company will not receive required regulatory approvals for the proposed name change when expected or at all, that results of exploration and development activities will not be consistent with management’s expectations, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities and the operation of a producing mine. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.


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 release.

Tintina Announces Meeting Results and provides Black Butte Copper Project Update

White Sulphur Springs, Montana– December 12, 2017 – Tintina Resources, Inc. (“Tintina” or the “Company”) is pleased to announce that the five director nominees listed in the Company’s management information circular dated November 23, 2017 were elected at the annual general meeting of shareholders held on December 11, 2017. The shareholders approved all other matters as proposed.

The Company is also pleased to provide an update on the final stages of permitting of the Black Butte Copper Project in Central Montana. The Scoping Period for the Environmental Impact Statement (“EIS”) concluded on November 16, 2017. The tentative schedule moving forward includes a Draft EIS from the Montana DEQ (“MDEQ”) in the second quarter of 2018 followed by a public comment period, and a Final EIS mid-year followed by a Record of Decision during the fourth quarter of 2018.

In addition to the EIS, the Company is required to obtain a number of ancillary permits which will be incorporated into the Final EIS and Record of Decision. To date, the Company has received a 301 Permit from the Meagher County Conservation District, 318 and 401 Permits from the MDEQ, and a 404 Permit from the United States Army Corp of Engineers. The small area impacted under the 404 Permit is 0.85 acres of wetlands and 696 linear feet of stream channel which will be mitigated through a pre-certified In-Lieu Fee Program. The 404 Permit has been issued in accordance with the Clean Water Act and is the only federal permit required in the permitting process for the Black Butte Copper Project.

Other permits required from the MDEQ, which are currently in process, are a Montana Pollutant Discharge Elimination System and an Air Quality Permit. These permits are expected to be in place prior to a Final EIS being issued.

The Black Butte Project’s Mine Operating Permit Application (“MOP”) was deemed Complete and Compliant on August 14th and the Company received a Draft Operating Permit on September 19, 2017. The proposed underground mine is designed to provide economic opportunity to Central Montana while fully protecting the Smith River Watershed. A summary of the MOP can be found on our website www.tintinaresources.com in the transparency library along with a 3D animation of the planned project showing what the site will look like before and during mining operations as well as after reclamation.

John Shanahan, CEO stated, “We are fully committed to bringing this extraordinary project to fruition in an environmentally sound way that will protect our pristine environment while providing new economic opportunities for Meagher County and the state of Montana. Our focus remains equally centered on the world class development, safe operation, and eventual closure and complete reclamation of this project”

Contact Information:

Tintina Resources Inc.

Nancy Schlepp, Director of Public Affairs

Mobile: 406-224-8180

Office: 406-547-3466

Email: nschlepp@tintinaresources.com

Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute “forward looking information” within the meaning of Canadian securities legislation, including statements regarding the Company’s plans for advancing the Black Butte Copper Project, including plans for tailings and water management and the MOP application and expected outcomes. In making these forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company’s plans for tailings and water management will be implemented as expected and will have the intended benefits and that the results of exploration and development activities are consistent with management’s expectations. However, the forward-looking statements in this document are subject to numerous risks, uncertainties and other factors relating to Tintina’s operation as a mineral exploration and development company and the Black Butte Copper Project that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including that results of exploration and development activities will not be consistent with management’s expectations, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities and the operation of a producing mine. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. Tintina does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Certain disclosures in this document constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and United States securities legislation.

Black Butte Copper Project receives Draft Operating Permit and Montana Public Service Commission approval

White Sulphur Springs, Montana– September 19, 2017 – Tintina Resources, Inc. (“Tintina” or the “Company”) is pleased to announce that it has received a draft operating permit from the Montana Department of Environmental Quality (“MT DEQ”) Hard Rock Mining Bureau. This draft permit formally concludes the Completeness & Compliance review and signifies commencement of the Environmental Impact Statement (“EIS”). The MT DEQ is finalizing the selection of an independent third-party contractor to prepare a comprehensive EIS which will include all procedural and substantive elements of the Montana Environmental Policy Act. The EIS is expected to take approximately one year to complete.

In addition to the draft operating permit, the Montana Public Service Commission on September 1, 2017 approved an agreement between Fergus Electric Cooperative and NorthWestern Energy to provide power to the Black Butte Copper project. Fergus Electric will construct a new 100-kV transmission line and substation which will draw from an existing NorthWestern transmission facility. Under the terms of the agreement, Tintina will be responsible for the total cost of construction of the new power transmission line.

The proposed underground mine is designed to provide economic opportunity to Central Montana while fully protecting the Smith River Watershed. A summary of the Mine Operating Permit Application can be found on our website www.tintinaresources.com in the transparency library along with a 3D animation of the planned project showing what the site will look like during mining operations and after full site reclamation.

The Black Butte Copper Project will be a major contributor to the economy of Central Montana and entire state. The direct payroll alone will be in excess $12 million per year.  Based on the current price of copper of around $3.00/lb., the Black Butte Project will enhance Meagher County and the State of Montana’s tax base by paying taxes of over $6 million per year through the Metals Mines Tax, Gross Proceeds Tax, and Montana Corporate Tax; Meagher County alone will receive $3 million per year from these taxes. Another $8 Million will be paid in federal corporate taxes. In addition, all-important business equipment taxes paid by the Company, personal income tax paid by an estimated 240 employees, and additional contractor pay and input cost will greatly help the Montana economy.

Jerry Zieg, Senior VP shared, “The granting of the draft permit acknowledges that through our mine design we have de-risked all possible environmental impacts, a significant achievement we are very proud of.  In addition, the power transmission line could potentially form a significant infrastructure upgrade to our community of White Sulphur Springs and will the increase the tax base.”

John Shanahan, CEO stated, “The support we continue to receive from businesses and rural communities in Montana has been outstanding. We remain 100% committed to bringing this extraordinary project to fruition while meeting our very clear commitment to environmental stewardship. Exhaustive technical studies to date show we can operate in an environmentally sounds way while protecting our environment. We can and will do this while providing important economic opportunities for Montana.”

Contact Information:

Tintina Resources Inc.

Nancy Schlepp, Director of Public Affairs

Mobile:  406-224-8180

Office:   406-547-3466

Email: nschlepp@tintinaresources.com

Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute “forward looking information” within the meaning of Canadian securities legislation, including statements regarding the Company’s plans for advancing the Black Butte Copper Project, including plans for tailings and water management and the MOP application and expected outcomes. In making these forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company’s plans for tailings and water management will be implemented as expected and will have the intended benefits and that the results of exploration and development activities are consistent with management’s expectations.  However, the forward-looking statements in this document are subject to numerous risks, uncertainties and other factors relating to Tintina’s operation as a mineral exploration and development company and the Black Butte Copper Project that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including that results of exploration and development activities will not be consistent with management’s expectations, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities and the operation of a producing mine.  There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. Tintina does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

 

Certain disclosures in this document constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and United States securities legislation.

Black Butte Copper Project Achieves Major Milestone – Advances into Next Step of the Permitting Process after Receiving Complete and Compliant Notification

White Sulphur Springs, Montana- August 14, 2017 – Tintina Resources, Inc. (“Tintina” or the “Company”) is pleased to announce that it has received notification from the Montana Department of Environmental Quality (“MT DEQ”) that the Black Butte Copper Mine Operating Permit (“MOP”) is now considered to be Complete and Compliant in accordance with all state rules and regulations relating to the operating plan of its proposed underground copper mine in Meagher County, Montana.

The permitting process now moves to the development of a comprehensive Environmental Impact Study (EIS). The selection of an independent and third party EIS contractor and issuance of a draft Mine Operating Permit are in the final stages and the EIS is expected to commence within the next 30 days. The EIS process, scheduled to take approximately twelve months, will include public input through a public comment process and will be a comprehensive analysis of project alternatives as required under the Montana Environmental Policy Act (“MEPA”). In addition, the Company is required to obtain other state operating permits including a Montana Pollutant Discharge Elimination System (MPDES) permit, an Air Quality permit, and a Public Water Supply permit. The Company will also complete a Hard Rock Mining Impact Plan as required by Montana statute. A Federal Clean Water Act 404 permit is also currently in process. Upon completion, the Company’s goal is that the EIS will result in a Final Record of Decision allowing construction and development of this underground mine on private ranch land in Meagher County.

A summary of the MOP can be found on our website www.blackbuttecopper.com along with a 3D animation of the planned project showing what the site will look like before and during mining operations as well as after reclamation. The proposed underground mine, located 15 miles north of White Sulphur Springs, is designed to provide economic opportunity to Central Montana while fully protecting the Smith River Watershed:

  • All designed openings and entry points to the underground mine are located well above the water table.
  • Surface irrigation rights have been leased for instream flow to ensure there is no change to the water levels in Sheep Creek.
  • A reverse osmosis water treatment plant will treat water on-site from construction through reclamation, and will return clean water back to the same ground water system through a buried infiltration system. The water treatment plant will remain active as long as needed to ensure all water involved in the operation meets Montana’s strict non-degradation water standards through reclamation and closure.
  • Our mining plan fills all underground mined areas in the copper deposit with paste backfill ensuring that only a small percentage of the underground mine is open at any given time and that no large open spaces are left underground.
  • Mill tailings that are not returned underground (approx. 55%) have cement added to them and will be placed in a double-lined facility. This innovative use of existing mine technology eliminates windblown dust and prevents acid runoff. Any un-milled rock brought to surface will be stored here. During reclamation, the cemented tailings facility will be sealed with another liner, covered with several feet of cover and original top soil and returned to grazing.
  • Our reclamation plan returns the entire site to agricultural and cattle grazing with no treatment of water in perpetuity necessary.

John Shanahan, CEO stated, “This has been a long and involved process, and we now can clearly demonstrate that the development and operation of this state-of-the-art project meets and exceeds all state rules and regulations. Our objective is very clear; to responsibly develop this project and provide both economic opportunity and complete protection of the environment. The ongoing support and vision of our major shareholder, Sandfire Resources, along with the unwavering support of White Sulphur Springs and surrounding communities has made this all possible. We also gratefully thank the Montana DEQ for their thorough and exacting review.”

Jerry Zieg, VP of Exploration closed by stating, “This is a real milestone for Tintina, the Black Butte Copper Project, and the residents of Meagher County and surrounding counties. Everyone has worked diligently for years, both managing and carrying out extensive supporting studies, and communicating their constant and strong support for the project. The Tintina team, both staff and third party contractors, are leading the world in showing how to build a mine which will exceed regulations at all levels in true comprehensive environmental protection while providing a much needed economic boon to the state of Montana. All of us can be very proud of this accomplishment.”

Contact Information:
Tintina Resources Inc.
Nancy Schlepp, Director of Public Affairs
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@tintinaresources.com

Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute “forward-looking information” within the meaning of Canadian securities legislation, including statements regarding the Company’s plans for advancing the Black Butte Copper Project, including plans for tailings and water management and the MOP application and expected outcomes. In making these forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company’s plans for tailings and water management will be implemented as expected and will have the intended benefits and that the results of exploration and development activities are consistent with management’s expectations. However, the forward-looking statements in this document are subject to numerous risks, uncertainties and other factors relating to Tintina’s operation as a mineral exploration and development company and the Black Butte Copper Project that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including that results of exploration and development activities will not be consistent with management’s expectations, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities and the operation of a producing mine. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. Tintina does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Certain disclosures in this document constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and United States securities legislation.

 

Sandfire Resources to Acquire Additional Common Shares of Tintina Resources Inc.

Vancouver, BC – July 28, 2017 – Tintina Resources Inc. (“Tintina” or the “Company”) (TSX.V:”TAU”; OTCQB: “TINTF”) reports that Sandfire Resources NL (“Sandfire”) announced today that Sandfire has agreed to purchase, through its wholly owned subsidiary Sandfire BC Holdings Inc., 54,632,580 common shares of Tintina from Electrum Global Holdings L.P. and a related company, at a price per share of C$0.1305. The shares to be purchased represent 16.9% of the currently outstanding Tintina common shares.

Upon completion of the purchase of the shares, Sandfire will beneficially own and control 252,567,838 common shares (78.1% of the issued and outstanding common shares) and warrants to purchase an additional 60,000,000 common shares, which warrants, if exercised in full, Sandfire would have beneficial ownership and control over 81.5% (312,567,838) of Tintina’s then issued and outstanding common shares calculated on a partially diluted basis and based on the currently outstanding Tintina common shares.

John Shanahan, President & CEO, stated, “Tintina is pleased that Sandfire continues to support the advancement of its flagship Black Butte Copper Project. We gratefully thank Electrum Global Holdings for their participation and support over the years. Sandfire’s agreement to increase its ownership in Tintina clearly demonstrates Sandfire’s continuing commitment to developing the high grade/underground Black Butte Copper Project as an industry leading example of responsible development. The communities of Central Montana welcome this commitment of environmental stewardship and economic development”

Contact Information:
Tintina Resources Inc.
Nancy Schlepp, Director of Public Affairs
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@tintinaresources.com

Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute “forward-looking information” within the meaning of Canadian securities legislation, including statements regarding the Company’s plans for advancing the Black Butte Copper Project, including plans for tailings and water management and the MOP application and expected outcomes. In making these forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company’s plans for tailings and water management will be implemented as expected and will have the intended benefits and that the results of exploration and development activities are consistent with management’s expectations. However, the forward-looking statements in this document are subject to numerous risks, uncertainties and other factors relating to Tintina’s operation as a mineral exploration and development company and the Black Butte Copper Project that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including that results of exploration and development activities will not be consistent with management’s expectations, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities and the operation of a producing mine. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. Tintina does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Certain disclosures in this document constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and United States securities legislation.

 

Black Butte Copper Project- Another Step Closer

White Sulphur Springs, Montana– June 9, 2017 – Tintina Resources, Inc. (“Tintina” or the “Company”) is pleased to announce that it has received a third round of response comments from the Montana Department of Environmental Quality (MT DEQ) with regards to its’ submission in the Complete and Compliant portion of the Black Butte Copper Mine Operating Permit (“MOP”) process.

The MT DEQ has identified a few remaining issues which require clarification. Once the project has achieved Complete and Compliant status, a draft Mine Operating Permit will be transmitted and the process moves forward to the next step in the permitting process; a full Environmental Impact Study (EIS). The EIS will be a comprehensive third party review of the MOP and will result in a Final Record of Decision. In addition, the Company will be required to attain other permits such as Air Quality, Public Water Supply, and a Montana Pollutant Discharge Elimination System (MPDES). A Clean Water Act 404 permit is currently in process.

A summary of the MOP can be found on our website www.blackbuttecopper.com along with a 3D animation of the planned project showing what the site will look like before and during mining operations as well as after reclamation.

The proposed underground mine is designed to provide economic opportunity to Central Montana while fully protecting the Smith River Watershed:

  1. All designed openings and entry points to the underground mine are located well above the water table preventing water from ever leaving the mine.
  2. Surface irrigation rights have been leased for instream flow to ensure there is no change to the water levels in Sheep Creek.
  3. A reverse osmosis water treatment plant will treat water on-site from construction through reclamation, and will return clean water back to the same ground water system through a buried infiltration system. The water treatment plant will remain active as long as needed to ensure all water involved in the operation meets Montana’s non-degradation water standards through reclamation and closure.
  4. Our mining plan fills all underground mined areas in the copper deposit through paste/backfill ensuring that only a small percentage of the underground mine is open at any given time and that no large open spaces are left underground. There will be no subsidence from surface.
  5. Mill tailings that are not returned underground (approx. 55%) have cement added to them and will be placed in a double-lined facility. This innovative use of existing
    mine technology eliminates windblown dust and prevents acid runoff. Any unmilled
    rock brought to surface will be stored here. During reclamation, the cemented tailings
    facility will be sealed with another liner, covered with several feet of cover and
    original top soil and returned to grazing.
  6. Our reclamation plan returns the entire site to the traditional use of cattle grazing
  7. with no treatment of water in perpetuity necessary.

John Shanahan, CEO stated, “An incredible effort has been put forward by the Tintina team
with the oversight and review from the Montana DEQ. We have produced an industry
leading underground mining plan that ensures we can have both; protecting our pristine
environment while providing economic opportunity in Meagher County and Central
Montana. We greatly appreciate the support and guidance from our major shareholders,
Sandfire Resources NL and The Electrum Group.LLC. We remain committed and focused
to bringing the extraordinary project to fruition.”

Jerry Zieg, VP of Exploration closed by stating, “I am amazed at and thankful for the support
we have received from my home community. I’m proud that we have created a project that
fits our community while successfully protects traditional uses of our watershed and
safeguards the environment; all while providing tremendous economic opportunities for
Central Montana.”

Contact Information:

Tintina Resources Inc.
Nancy Schlepp, Director of Public Affairs
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@tintinaresources.com

Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute “forwardlooking
information” within the meaning of Canadian securities legislation, including statements regarding the Company’s
plans for advancing the Black Butte Copper Project, including plans for tailings and water management and the MOP
application and expected outcomes. In making these forward-looking statements, the Company has applied certain factors
and assumptions that the Company believes are reasonable, including that the Company’s plans for tailings and water
management will be implemented as expected and will have the intended benefits and that the results of exploration and
development activities are consistent with management’s expectations. However, the forward-looking statements in this
document are subject to numerous risks, uncertainties and other factors relating to Tintina’s operation as a mineral
exploration and development company and the Black Butte Copper Project that may cause future results to differ materially
from those expressed or implied in such forward-looking statements, including that results of exploration and development
activities will not be consistent with management’s expectations, delays in obtaining or inability to obtain required
government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated,
the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological
conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the
development of mining facilities and the operation of a producing mine. There can be no assurance that such statements
will prove to be accurate, and actual results and future events could differ materially from those anticipated in such
statements. Readers are cautioned not to place undue reliance on forward-looking statements. Tintina does not intend, and
expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of
new information, future events or otherwise, except as required by law.

Certain disclosures in this document constitute “forward-looking information” and “forward-looking statements” within
the meaning of applicable Canadian and United States securities legislation.

Tintina Resources Update to Completeness and Compliance

The first phase of permitting the Black Butte Copper project continues to move forward. Some people have recently asked; did the Montana Department of Environmental Quality (MT DEQ) reject our permit? Headlines and social media commentary might lead the public to believe that our project’s been halted. That is not the case, and here is what actually is happening.

A few sessions ago, the legislature added a Completeness and Compliance (C&C) phase to the mine operating permitting process which would precede the Environmental Impact Study (EIS).  The C&C phase ensures that the draft application is very robust to ensure that the EIS process can be completed in a year or less, as the new law stipulates.  Barrick’s Golden Sunlight expansion, Stillwater’s East Boulder project, and the Montana Resources tailings modification have all gone through the new process.   As the first new major mining operation to apply for a permit in 30 years, our project must also go through this process!

The C&C process is a “back and forth” process between the company seeking a permit and the MT DEQ, which has the final say on whether or not a company has presented a sufficient application to obtain a draft Mine Operating Permit. This process allows the MT DEQ to request additional information to help support their final decision, including additional environmental tests, groundwater assessments, geochemical information, and specific design plans sufficient to mitigate impacts.  The MT DEQ requests are termed ‘deficiency letters’, which simply means they need more information or clarification to questions.

This is all information we have been happy to provide. We are confident that this review process will improve our ability to gain a permit once the EIS is complete. Already, we’ve gone above and beyond what is required by law, and will continue this as we progress.   The first 90 day review was at a very high level.   The second 90 day review dives into many important details.  Commonly, the C&C process requires several iterations of MT DEQ questions and applicant response, and we believe the detail addressed by the MT DEQ to date will help reduce the number of these.

The MT DEQ is exercising the due diligence needed to ensure that they can fully support their decision to grant a permit based on our application, which, thanks to the C&C process, will assuredly meet and exceed all of the laws of Montana related to mine permitting.

There’s no telling how much more information we’ll be asked to provide, but we’ve already added significantly to our application in our responses to requests by the MT DEQ.

Our application is available in our office for anyone to come and read through. Just make sure you set aside several hours to do so – it is now about 450 pages long with over 6000 pages of appendix!!!!

Tintina Resources Announces Meeting Results

Vancouver, BC – November 3, 2016 – Tintina Resources Inc. (“Tintina” or the “Company”) (TSX.V:“TAU”; OTCQX: “TINTF”) is pleased to announce that the five director nominees listed in the Company’s management information circular dated September 27, 2016 were elected at the annual general meeting of shareholders of the Company held on November 1, 2016.

The Company is pleased to welcome Megan Shroyer as a director of the Company. Ms. Shroyer is Senior Vice President-Montana Credit with Northwest Farm Credit Services overseeing a portfolio of agriculture loans in Montana. She has been with the Northwest Farm Credit Services working alongside farmers and ranchers for the last 19 years in various management roles. She is also a Vice President of the Montana 4-H Foundation Board and Chair of their marketing committee. Ms. Shroyer is an active member of the White Sulphur Springs community and is a proud 5th generation cattle rancher.

The Company would also like to take this opportunity to thank Rick Van Nieuwenhuyse, who elected not to stand for re-election, for his time and significant efforts on behalf of the Company since 2008.

The shareholders also approved all other matters as proposed.

About Tintina Resources Inc.

Tintina Resources Inc. is a growth company focused on the exploration, development, and mining of its 100% owned flagship property, the Black Butte Copper project in central Montana, USA. The Company is led by a highly experienced executive management team that has a successful track record of building shareholder value through exploration, corporate finance, and mine development.

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 release.

Contact Information
Tintina Resources Inc.
Mr. John Shanahan, President and Chief Executive Officer
(604) 628-1162
Email: info@tintinaresources.com