RCS - Empress Royalty Corp - Empress Royalty's Tahuehueto Silver Stream

Empress RoyaltyAnnouncement

17/05/2022 12:00

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RNS Number : 7073L  Empress Royalty Corp.  17 May 2022

NEWS RELEASE | MAY 17 2022 | VANCOUVER, BC

EMPRESS ROYALTY'S TAHUEHUETO SILVER STREAM INITIATES PRE-PRODUCTION

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) ("Empress" or the "Company")
is pleased to report that Altaley Mining Corp. ("Altaley") has announced that
pre-production has commenced at the Tahuehueto mine ("Tahuehueto" or the
"Mine") where Empress holds a 100% silver stream. Altaley is the owner and
operator of the mine and recently filed an updated technical report, including
a Preliminary Feasibility Study ("PFS") for Tahuehueto. The PFS indicates an
increase in the overall economics of the project.

"We would like to congratulate the Altaley team for bringing Tahuehueto into
pre-production", stated Alexandra Woodyer Sherron, CEO and President of
Empress Royalty.  "It is extremely rewarding to see our initial investment
moving forward from a development stage asset into a producing mine and we
look forward to start receiving revenue from this mine in Q2 2022. The
Tahuehueto silver stream is an example of the type of well-structured
investments Empress intends to bring into the portfolio, to generate great
returns for our shareholders."

Please see Altaley's website (www.altaleymining.com
(http://www.altaleymining.com) ) for further details.

ABOUT EMPRESS ROYALTY CORP.

Empress is a global royalty and streaming creation company that provides
investors a diversified portfolio of gold and silver investments.  Since
listing in December 2020, Empress has built a portfolio of 17 precious metal
investments and is actively investing in mining companies with development and
production stage projects who require additional non-dilutive capital.  The
Company has strategic partnerships with Endeavour Financial and Terra Capital
which allow Empress to not only access global investment opportunities but
also bring unique mining finance expertise, deal structuring and access to
capital markets.  Empress is looking forward to continuously creating value
for its shareholders through the proven royalty and streaming models.

ON BEHALF OF EMPRESS ROYALTY CORP.

Per:        Alexandra Woodyer Sherron, CEO and President

For further information, please visit our website at www.empressroyalty.com
(http://www.empressroyalty.com) or contact Kaitlin Taylor, Investor
Communications, by email at info@empressroyalty.com or by phone at
+1.604.331.2080.

Neither 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.

This news release contains statements about Empress' expectations regarding
the economics of the Tahuehueto mine which are forward-looking in nature and,
as a result, are subject to certain risks and uncertainties.  Generally,
forward-looking statements can be identified by the use of forward-looking
terminology such as "expects", "believes", "anticipates", "aims to", "plans
to" or "intends to" or variations of such words and phrases or statements that
certain actions, events or results "will" occur.  Although Empress believes
that the expectations reflected in these forward-looking statements are
reasonable, undue reliance should not be placed on them as actual results may
differ materially from the forward-looking statements.  Factors that could
cause the actual results to differ materially from those in forward-looking
statements include the timing and success in Altaley completing the successful
commissioning of the plant and bringing the Tahuehueto project into production
to result in the receipt of stream revenue to Empress.  The forward-looking
statements contained in this news release are made as of the date hereof, and
Empress undertakes no obligation to update publicly or revise any
forward-looking statements or information, except as required by law.
Readers should not place undue reliance on forward-looking statements or
information.

 

 

 

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