June 8, 2011
Augusta Resource Corporation (TSX/NYSE Amex: AZC
) ("Augusta" or the "Company") announces that at its Annual General Meeting which was held this morning, the Company's shareholders have elected
John R. Brodie
to the Company's Board of Directors. The Board of Directors is now comprised of
W. Durand (Randy) Eppler
Mr. Brodie is a Fellow of Chartered Accountants (FCA) and was formerly a partner at KPMG LLP. He was elected a fellow for distinguished service to the profession by the Institute of Chartered Accountants of
. He currently is the President of John R. Brodie Capital and serves on the Board of several public companies in the resource and manufacturing sector.
"John brings exceptional financial oversight and governance experience to our Board," said Richard Warke, Chairman of the Board. "We are delighted at his appointment and believe his expertise will contribute greatly to Augusta."
The Company also announces the resignation of
Michael A. Steeves
from the Board of Directors. Mr. Steeves has been a valued member of the Board since 1999. The Company would like to thank him for his dedication over the last 12 years and wishes him the best in his retirement.
Augusta is a base metals company focused on advancing the
Copper deposit near
hosts a large copper/molybdenum reserve that may account for about 10% of US copper output once in production in 2013 (for details refer to
). The exceptional experience and strength of Augusta's management team, combined with the developed infrastructure and robust economics of the
project, will propel Augusta to become a solid mid-tier copper producer. The Company is traded on the Toronto Stock Exchange and the NYSE Amex under the symbol AZC.
CAUTIONARY STATEMENTS REGARDING FORWARD LOOKING INFORMATION
Certain of the statements made and information contained herein may contain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. Such forward-looking statements and forward-looking information include, but are not limited to statements concerning: the Company's plans at the Rosemont Project; estimated production; and capital and operating and cash flow estimates. Forward-looking statements or information include statements regarding the expectations and beliefs of management. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.