VANCOUVER, British Columbia, 01 Dec. 2021 (GLOBE NEWSWIRE) – Marimaca Copper Corp. (“Marimaca Copper” or the “Company”) (TSX: MARI) announces that, for family reasons, Mr. Luis Tondo will be stepping down from his role as Chief Operating Officer of the Company. Luis will continue to work with Marimaca Copper as a consultant, focusing on the various technical projects in progress. The Company would like to thank Mr. Tondo for his important contributions over the past 5 years and wish him good luck with his future endeavors.

Hayden Locke, President and CEO of Marimaca Copper, said:

“We are very grateful for Luis’ contribution and leadership over the past 5 years. He has been an integral part of the team and leaves the Company in good stead as he played a pivotal role in defining what we believe to be an extremely compelling copper development project. We are delighted that he will remain in his position as a consultant to the Company as we continue to transition to copper producer status.

“We continue to make great progress in the various development components of the project. We are currently completing the infill drilling campaign for the Marimaca Oxide deposit (MOD) and are planning the newly discovered depth extensions (MAMIX) infill campaign, with the aim of providing an improved mineral resource estimate during the first semester 2022. We are also in the final stages of the metallurgical program of phase 5, which positions the company well for the start of the feasibility study in 2022. ”

Contact details
For more information, please visit www.marimaca.com or contact:

Tavistock
+44 (0) 207 920 3150
Jos Simson / Oliver Lamb / Nick Elwes
[email protected]

Forward-looking statements

This press release includes certain “forward-looking statements” under applicable Canadian securities laws. 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. Forward-looking statements reflect beliefs, opinions and projections as of the date the statements are made and are based on a number of assumptions and estimates which, while considered reasonable by Marimaca Copper, are inherently subject to important commercial, economic, competitive, political and social uncertainties and contingencies. Many factors, known and unknown, could cause actual results, performance or achievements to differ materially from the results, performance or achievements which are or may be expressed or implied by these forward-looking statements and the parties have made assumptions. and estimates based on or related to more than one of these factors. These factors include, but are not limited to: risks related to share prices and market conditions, risks inherent in the operation, exploration and development of mineral properties, uncertainties associated with the ” interpretation of drilling results and other geological data, fluctuation in metal prices, the possibility of project delays or cost overruns or unforeseen excessive operating costs and expenses, uncertainties associated with the need for financing, the availability and costs of the financing required in the future as well as the factors disclosed in the Company’s annual information form dated March 29, 2021, the final short form base prospectus and other documents filed by the Company with the authorities Canadian Securities (which can be found at www.sedar.com). Therefore, readers should not place undue reliance on forward-looking statements. Marimaca Copper assumes no obligation to publicly update or otherwise revise any forward-looking statements contained herein, whether as a result of new information or future events or otherwise, except as required by law.

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.