Vancouver, British Columbia--(Newsfile Corp. - January 8, 2019) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink:
MLYCF) ("CuMoCo" or the "Company") is pleased to announce that the U.S. Forest Service (USFS) has released its 2018
Supplemental Redline Environmental Assessment (SREA) regarding the CuMo Project exploration.
The redlined document provides information from the 2011 environmental assessment (EA) and 2015 Supplemental EA (SEA) that is
still relevant and did not change in original black text. All new information, updates, and/or clarifications are noted in red
text. As was the case with 2011 EA and 2015 SEA, the 2018 SREA evaluates three alternatives in detail: Alternative A - Proposed
Action, Alternative B - Reduced Roads, and Alternative C - No Action.
USFS is overseeing a 30-day public comment period to garner public input regarding the newly prepared and released SREA. The
comment period commenced on December 22, 2018 and will conclude on January 22, 2019.
"We are pleased with the extraordinarily high-level of effort put forth by USFS into its rigorous environmental review," said
Shaun Dykes, CEO of American CuMo Mining Corporation. "This report left no stone unturned and held this exploration to the highest
standards which fit perfectly with CuMo's commitment to environmental excellence. The release of the Supplemental Redline EA is a
positive step in a transparent and ongoing public process to advance this strategic mineral exploration."
USFS has been conducting the current phase of the strenuous environmental review of mineral exploration activities at the CuMo
Project located in Southwestern Idaho, USA, since 2011.
As identified in the 2017 scoping documents, USFS determined to undertake additional analysis at the CuMo Project exploration to
consider changed conditions resulting from the 2016 Pioneer Fire and updates to most resource baseline conditions and effects. To
address the 2016 Court order and changed conditions resulting from the 2016 Pioneer Fire, Forest Supervisor of the Boise National
Forest, Cecilia Seesholtz, determined to convey and document all updated information in an SREA which is now available for public
review and comment.
"CuMoCo has once again demonstrated its commitment to a strong working relationship with the USFS and the communities of Idaho,"
said Dykes. "Our industry-leading environmental practices are dedicated to advancing this vital exploration program."
CuMoCo has been conducting scientific exploration of the CuMo Project since 2004 and relies on scientific methodology and best
practices in every facet of research and development. Corporate leadership believes the outcome of the USFS EA studies will affirm
that the CuMo Project can proceed with full and complete exploration - with negligible impact on the environment.
"With the cooperation of the USFS, best management practices and vital support of the community, the CuMo Project should be
advanced," said Dykes. "As CuMoCo works through the environmental assessments, we believe we will be able to reach our goal of
collecting the information required to make critical decisions."
To review and comment on the USFS Supplemental Red Line, please go to https://www.fs.usda.gov/project/?project=52875.
Mr. Shaun M. Dykes, M.Sc. (Eng), P.Geo., President and CEO of the Company, is the designated qualified person for the CuMo
Project and has prepared the technical information contained in this news release.
About CuMoCo
CuMoCo is focused on advancing its CuMo Project towards feasibility. Management is continuing to build an even stronger
foundation from which to move the Company and its projects forward. For more information, please visit www.cumoco.com, www.idahocumo.com and www.cumoproject.com.
For further information, please contact:
American CuMo Mining Corporation
Shaun Dykes, President and Chief Executive Officer
Tel: (604) 689-7902
Email: info@cumoco.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this new release.
Cautionary statement regarding forward‐looking information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation
including, but not limited to, statements that address activities, events or developments that the Company expects or anticipates
will or may occur in the future. Often, but not always, forward-looking statements can be identified by the use of words such as
"plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets",
"aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by
statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements and information include, but are not limited to, statements with respect to the transactions
contemplated under the Private Placement, the completion of the Private Placement, Technical Report Environmental Studies and NSR
Amendment and the revocation of the Cease Trade Order. Forward-looking statements and information are based on forecasts of future
results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are
inherently subject to significant business, economic and competitive uncertainties, and contingencies. Forward-looking statements
and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the
Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different
from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors
set out herein, including but not limited to: the requirement for regulatory or Exchange approvals or third-party consents, the
impact of general business and economic conditions, and the absence of control over the completion of certain aspects of the
Technical Report or Environmental Studies and the issuance of a full revocation of the Cease Trade Order. There can be no assurance
that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Except as
required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking
information.
