Arizona Sonoran strengthens management team

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CASA GRANDE, ARIZONA & TORONTO–(BUSINESS WIRE)–Arizona Sonoran Copper Company Inc. (TSX:ASCU) (“ASCU” or the “Company”), an emerging US-based copper developer and near-term producer, today announced that it has increased the strength of its Arizona operations team and Toronto-based finance team. Both Dan Johnson, Project Manager, and John Peterson, Senior Environmental Professional, are well-known and respected individuals with long-standing careers in the Arizona mining industry, while Kevin Canario, Director of Finance, was a key member of the mining finance teams as both Chartered Accountant and CFO.

ASCU has appointed:

  • Dan Johnson, PE, RG, RM-SME, Project Manager

    • Dan has held senior management positions for five recently established mining operations. In the past, he has also held senior management responsibilities for the design and construction of several other national and international mines, complementing the completion of the pre-feasibility study and early stages of the Cactus construction cycle.

  • John Peterson as Senior Environmental Expert

    • Joining from the Arizona Department of Environmental Quality, John will be instrumental in the permitting process while freeing up time to allow Travis Snider, VP Sustainability and External Relations, to focus solely on the company’s ESG and journey to net zero concentrate emissions.

  • Kevin Canario, CPA, CA as Finance Director

    • Kevin brings experience from various senior finance and accounting positions in the mining industry with a focus on financial reporting, treasury, corporate governance, risk management and tax oversight. He will be a key addition to the Toronto finance team as ASCU moves through feasibility studies and into project finance.

ASCU President and CEO, George Ogilvie, commented “We welcome the new team members in anticipation of the design, procurement, construction and management phase of the project development. These new positions are the first of several that prepare us for effective advancement of the Cactus Mine through the engineering studies and post-construction project financing decision. Local to Cactus, Dan and John both bring a deep knowledge and understanding of the copper industry, including permitting in Arizona, and the hydrological and engineering requirements of scaling to a large copper SX/EW operation.”

dan johnson, PE, RG, RM SME, Project Manager

A resident of Arizona, Mr. Johnson has more than three decades of environmental management, hydraulic engineering and project management experience in the state’s mining industry. Most recently, Mr. Johnson served as Vice President and General Manager at Taseko’s Florence Copper Project, where for nine years he led the Company’s environmental permitting, engineering, construction and commissioning efforts with support of the project team. Prior to that, he was Technical Services and Environmental Manager/Director for projects in North America and Chile at QuadraFNX and held senior positions at Phelps Dodge, Freeport-McMoRan, Rio Tinto and Montgomery Watson Harza. He currently serves on the Board of Directors of the Arizona Mining Association and is an elected Board Member.

Dan is a graduate of the University of Arizona and is a registered geologist, hydrologist and professional engineer.

John Peterson, Senior Environmental Specialist

Mr. Peterson has 37 years of experience in environmental permitting, mining, groundwater development, site environmental assessment, environmental remediation and Superfund state site management. Most recently, Mr. Peterson served as a project manager with the Arizona Department of Environmental Quality, responsible for representing the State of Arizona’s interests in the remediation and maintenance of several Arizona Superfund sites. Previously, Mr. Peterson held various roles in environmental consulting; managing site assessment and remediation of impacted sites in the United States; administration and training of personnel; Conducting hydrological assessment of aquifers; Permits, including Aquifer Protection Permits; and conducting groundwater resource and water supply studies for a major mining interest in Arizona. Mr. Peterson’s clients have included the military, mining companies and private companies.

John received a B.Sc. Degree in Hydrology from the University of Arizona.

Kevin Canario, CPA, CA, Director of Finance

Mr. Canario has 15 years of accounting and finance experience in the mining industry where he has held both assurance and various senior management positions with TSX listed mining companies. Most recently, Kevin was CFO of the Ore Group of Companies, which led the six companies through a transition period, and before that he was corporate controller of the former Battle North Gold Corporation, where he led the company’s financial reporting and treasury functions. At Battle North Gold, he was a key part of the team that prepared the feasibility study for the company’s flagship product and was closely involved in numerous M&A initiatives. Prior to that, he was CFO of INV Metals Inc. and spent 5 years at PricewaterhouseCoopers LLP in the Mining Assurance Practice where he led audits for a variety of public clients ranging from small exploration to large multi-asset operations.

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

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

About Arizona Sonoran Copper Company (www.arizonasonoran.com | www.cactusmine.com)

ASCU’s goal is to become a mid-tier copper producer with low operating costs, to develop the Cactus project that could generate solid returns for investors, and to provide long-term sustainable and responsible operations to the community and all stakeholders. The Company’s principal asset is a 100% interest in the Cactus Project (former ASARCO Mine, Sacaton), located on private land in a infrastructure rich area of ​​Arizona. In addition to the Cactus project, the Company is also exploring on its 100% owned Park Salyer property which could allow for a gradual expansion of the Cactus mine once it becomes a producing asset. The company is led by an executive team and board of directors with a proven track record of successfully executing projects in North America, complemented by global capital markets expertise.

Forward-Looking Statements

Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause ASCU’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect results include, but are not limited to: future prices and supply of metals; the drilling results; inability to raise the money necessary to incur the expenses necessary to maintain and develop the properties; environmental liability (known and unknown); general business, economic, competitive, political and social uncertainties; results of exploration programs; accidents, labor disputes and other hazards of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining regulatory approvals, projected cash operating expenses, failure to obtain regulatory or shareholder approvals.

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

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