Hochschild Mining plc

Hochschild Mining plc

May 26, 2009 15:15 ET

Hochschild Mining plc Makes Early Warning Report in Connection With Its Acquisition of Southwestern Resources Corp.

TORONTO, ONTARIO--(Marketwire - May 26, 2009) - Hochschild Mining plc (LSE:HOC) ("Hochschild") announces that, as a result of its acquisition of all of the common shares of Southwestern Resources Corp., it has acquired control over 38,100,000 common shares of Zincore Metals Inc. (TSX:ZNC) ("Zincore"), representing approximately 48.2% of the issued and outstanding common shares of Zincore; 10,053,007 common shares of Northern Superior Resources Inc. (TSX VENTURE:SUP) ("Northern Superior"), representing approximately 15.8% of the issued and outstanding common shares of Northern Superior; and 3,961,600 common shares of Maxy Gold Corp. (TSX VENTURE:MXD) ("Maxy"), representing approximately 11.5% of the issued and outstanding common shares of Maxy.

Hochschild and any joint actors may, in the future, take such actions in respect of their holdings in Zincore, Northern Superior and Maxy as they deem appropriate in light of the circumstances then existing, including the purchase of additional common shares or the sale of their existing holdings, through privately negotiated transactions or through the open market.

For further information, including to obtain a copy of the report filed with the Canadian securities regulatory authorities in respect of which this news release relates, please refer to SEDAR at www.sedar.com or contact Raj Bhasin, Company Secretary of Hochschild. The mailing address and registered head office of Hochschild is 46 Albemarle Street, London, United Kingdom, W1S4JL.

About Hochschild (www.hochschildmining.com)

Hochschild Mining plc (HOCM.L for Reuters / HOC LN for Bloomberg) is a leading precious metals company listed on the London Stock Exchange with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild currently operates five underground epithermal vein mines, four located in southern Peru and one in southern Argentina and one open pit mine in northern Mexico. Hochschild also has one early stage development project in Mexico and fifteen long-term prospects throughout Latin America. Hochschild has over forty years experience in the mining of precious metal epithermal vein deposits.

Contact Information

  • Hochschild Mining plc
    Raj Bhasin
    Company Secretary
    +44 (0) 20 7907 2936