VANCOUVER, BC: Copper Mountain Mining Corporation announced the appointment of Patrick Merrin as President and CEO effective April 24, 2023.

Mr. Merrin has extensive experience in the mining industry including ten years of senior executive operational and technical experience. Mr. Merrin’s leadership positions focused on North American mines and projects, including most recently acting Senior Vice President of Canadian Operations at Newcrest Mining.

He was previously COO, Mining and interim CEO at Dominion Diamonds, Senior Vice President, Canadian Operations at Goldcorp and Vice President, Arizona Business Unit at Hudbay Minerals.

Patrick Merrin holds a Bachelor’s Degree in Chemical Engineering from McGill University and an MBA from the University of Toronto, Rotman School of Business. Mr. Merrin is also a professional engineer. In addition, Mr. Merrin will serve as a member of the Board of Directors.

‘We are pleased to have Pat join the Copper Mountain team,” said Ed Dowling, Copper Mountain’s Chair of the Board of Directors. “His extensive operational experience, particularly in Canada and most recently at Newcrest, will be instrumental to the Company as we focus on operational excellence, exploration, and growth at Copper Mountain. We are looking forward to future value creation under Pat’s leadership.”

Patrick Merrinsucceeds the Company’s current President and CEO, Gil Clausen, who will retire effective May 1, 2023, as previously announced. Mr. Clausen will be retained on an advisory basis until May 1, 2024 to ensure an orderly and effective transition. Mr. Clausen will remain on the Board as a non-independent director until the Company’s 2023 Annual General Meeting, which is planned for June 8, 2023.

Mr. Dowling added, “On behalf of the Board, I would like to thank Gil for his dedicated service to Copper Mountain since taking on the CEO role in June 2018. Gil has provided exemplary and unwavering leadership over the last five years. He has created significant value for shareholders and has helped transform the Company. We are very grateful for his commitment and wish him the best in his upcoming retirement.”

Gil Clausen commented, “It has been an absolute pleasure working with the team at Copper Mountain over the past five years. We have an exceptionally talented group whose passion and commitment are evident every single day. I am very pleased with all that we have achieved so far at Copper Mountain, with plenty more to come.”

Copper Mountain Mining Corporation owns 75% of the Copper Mountain Mine, which is located in southern British Columbia near the town of Princeton.