TORONTO, May 09, 2018 (GLOBE NEWSWIRE) -- Toachi Mining Inc. (“Toachi” or the “Company”)
(TSX-V:TIM) (OTCQB:TIMGF) announces that the Board of Directors of the Company has approved the grant of an aggregate of 400,000
stock options (the “Options”) to certain newly-appointed, key staff employed in Ecuador. The options granted will be issued in
accordance with the Company's current stock option plan. The Options are exercisable into common shares of the Company at an
exercise price of $0.14 all vesting at 1/3 on date of grant; 1/3 on the first anniversary after date of grant; and 1/3 on the
second anniversary after date of grant. The Options have a five-year term to maturity.
About Toachi Mining Inc.
Toachi brings a disciplined and veteran team of project managers together with one of the industry’s highest
grade projects at La Plata in Ecuador. Toachi is focused on and committed to the development of advanced stage mineral projects
throughout the Americas using industry best practices combined with a strong social license from local communities. Toachi Mining
has 81,166,435 shares issued and outstanding.
Forward Looking Statements
Certain statements contained in this news release may constitute “forward-looking information” as such term
is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of
management at the date the information is provided and
is subject to certain factors and assumptions, including, that the Company’s financial condition and development plans do not
change as a result of unforeseen events and that the Company obtains regulatory approval. Forward-looking information is subject to
a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary
materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in
this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to
prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation
in planned work, that the Company’s financial condition and development plans change, and delays in regulatory approval, as well as
the other risks and uncertainties applicable to the Company as set forth in the Company’s continuous disclosure filings filed under
the Company’s profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than
as required by applicable law.
FOR ADDITIONAL INFORMATION PLEASE CONTACT
Alain Bureau
President and CEO
Candace Di Vito
Manager, Investor Relations
Telephone: 416 365 7043
Email: cdivito@toachimining.com
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.