Josephine Mining Corp.
TSX VENTURE : JMC

April 04, 2011 07:00 ET

Josephine Mining Corp. Announces Change of Auditors

SPOKANE, WASHINGTON--(Marketwire - April 4, 2011) - Josephine Mining Corp. ("JMC" or the "Company") (TSX VENTURE:JMC) today announced a change of auditors to Meyers Norris Penny LLP, of Alberta, Canada, from BDO Canada LLP, of Vancouver, Canada, effective March 29, 2011.

All procedures have been properly followed under NI 51-102 regarding the change of auditor and, as required, a notice of change of auditor together with the required letters from the former auditor and the successor auditor will be filed via SEDAR with each securities commission in each province or territory in Canada in which the Company is a reporting issuer.

About Josephine Mining Corp.: 

JMC's principle focus will be the engineering design, permitting, construction and operation of advanced stage mineral projects, particularly precious metal and copper deposits in North America and abroad. The Company is progressing with the development of the Turner Gold and Base Metal Project located on private lands in southwest Oregon. This is a high-grade deposit with an established 43-101 resource which will be permitted and constructed as a high productivity underground mining project with approximately 1,200 tonnes of production per day.

As stated in the 28 March 2011 press release, "The Turner Gold deposit is a massive sulfide deposit to be mined by underground mining methods to produce concentrates of gold, copper, zinc, silver, and potentially cobalt. Most of the mineralization is amenable to flotation to produce three concentrates: 1) a copper concentrate, 2) a zinc concentrate and 3) a gold concentrate. Environmental engineering and metallurgical studies were started in 2010 and are on-going with a preliminary feasibility study to be completed Q4, 2011. Diamond drilling and geologic data is planned for Q2 and Q3, 2011."

Josephine Mining Corp. continues to grow and search for substantive advanced stage projects to compliment the Turner Project while also pursuing exploration projects.

For further information about the Company, please refer to the Company's filings on SEDAR (www.sedar.com), particularly the NI43-101 concerning the Turner Gold property in Josephine County, Oregon, USA.

Disclaimer for Forward-Looking Information

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events, such as the statements that: (i) This is a high-grade deposit with an established 43-101 resource which will be permitted and built as a high productivity underground mining project with approximately 1,200 tonnes of production per day; and (ii) Diamond drilling and geologic data are planned for Q2 and Q3, 2011. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.

These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements such as the current economic conditions and the state of mineral exploration and mineral prices in general. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. The Company can offer no guarantee that its goals and objectives detailed above will be accomplished, in part or at all.

These forward-looking statements are made as of the date of this news release and, except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Additional information about these and other assumptions, risks and uncertainties are set out in the "Risks Factors" section in the Filing Statement of the Company dated October 10, 2010 and available on www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information