Augusta Resource Provides Board of Directors
Update
Augusta Resource
Corporation (TSX/NYSE Amex: AZC) ("Augusta��� or the "Company���) announces that at its Annual
General Meeting which was held this morning, the Company's shareholders have
elected John R. Brodie to the Company's Board of
Directors. The Board of Directors is now comprised of Timothy Baker, John Brodie, Donald Clark, Gil Clausen, W. Durand (Randy) Eppler, Christopher Jennings, Robert Wares and Richard Warke (Executive Chairman).
Mr. Brodie
is a Fellow of Chartered Accountants (FCA) and was formerly a partner at KPMG
LLP. He was elected a fellow for distinguished service to the profession by
the Institute of Chartered Accountants of British Columbia. He currently is
the President of John R. Brodie Capital and serves
on the Board of several public companies in the resource and manufacturing
sector.
"John brings
exceptional financial oversight and governance experience to our Board,��� said Richard Warke, Chairman of the Board.
"We are delighted at his appointment and believe his expertise will
contribute greatly to Augusta.���
The Company also
announces the resignation of Michael A. Steeves
from the Board of Directors. Mr. Steeves has been a
valued member of the Board since 1999. The Company would like to thank him
for his dedication over the last 12 years and wishes him the best in his
retirement.
About Augusta
Augusta is a base metals
company focused on advancing the Rosemont Copper deposit near Tucson,
Arizona. Rosemont hosts a large copper/molybdenum reserve that may account
for about 10% of US copper output once in production in 2013 (for details
refer to http://www.augustaresource.com/). The exceptional experience and
strength of Augusta's management team, combined with the developed
infrastructure and robust economics of the Rosemont project, will propel
Augusta to become a solid mid-tier copper producer. The Company is traded on
the Toronto Stock Exchange and the NYSE Amex under the symbol AZC.
Contact Information
Augusta Resource
Corporation
Letitia Cornacchia,
Vice President,
Investor Relations and Corporate Communications
Tel: (416) 860 6310
Email: lcornacchia@augustaresource.com
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CAUTIONARY STATEMENTS REGARDING FORWARD LOOKING INFORMATION
Certain of the statements
made and information contained herein may contain forward-looking statements
within the meaning of the United States Private Securities Litigation Reform
Act of 1995 and forward-looking information within the meaning of applicable
Canadian securities laws. Such forward-looking statements and forward-looking
information include, but are not limited to statements concerning: the
Company's plans at the Rosemont Project; estimated production; and capital
and operating and cash flow estimates. Forward-looking statements or
information include statements regarding the expectations and beliefs of
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"plans���, "expects���, "is expected���, "budget���, "scheduled���, "estimates���, "forecasts���, "intends���, "anticipates���, or "believes��� or the negatives thereof or
variations of such words and phrases or statements that certain actions,
events or results "may���, "could���, "would���, "might��� or "will��� be taken, occur or be achieved.
Forward-looking statements or information include, but are not limited to,
statements or information with respect to known or unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company, or industry results, to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements or information.
Forward-looking
statements or information are subject to a variety of risks and uncertainties
which could cause actual events or results to differ from those reflected in
the forward-looking statements or information, including, without limitation,
risks and uncertainties relating to: history of losses; requirements for
additional capital; dilution; loss of its material properties; interest rates
increase; global economy; no history of production; speculative nature of
exploration activities; periodic interruptions to exploration, development
and mining activities; environmental hazards and liability; industrial
accidents; failure of processing and mining equipment; labour
disputes; supply problems; commodity price fluctuations; uncertainty of
production and cost estimates; the interpretation of drill results and the
estimation of mineral resources and reserves; legal and regulatory
proceedings and community actions; title matters; regulatory restrictions;
permitting and licensing; volatility of the market price of Common Shares;
insurance; competition; hedging activities; currency fluctuations; loss of
key employees; as well as those factors discussed in the section entitled
"Risk Factors��� in the Company's Annual Information Form
dated March 29, 2011. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those described in forward-looking statements or
information. Accordingly, readers are advised not to place undue reliance on
forward-looking statements or information. The Company disclaims any intent
or obligation to update forward-looking statements or information except as
required by law, and you are referred to the full discussion of the Company's
business contained in the Company's reports filed with the securities
regulatory authorities in Canada and the United States.
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