Silvermet Inc.
TSX VENTURE : SYI

Silvermet Inc.

June 09, 2009 09:31 ET

Silvermet Begins Shipments of Zinc Clinker

TORONTO, ONTARIO--(Marketwire - June 9, 2009) -

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Silvermet Inc. ("Silvermet" or the "Company") (TSX VENTURE:SYI) is pleased to report that it has been shipping its zinc clinker production to the port warehouse and the first 1,000 tonne export shipment is expected to occur mid-June. Waelz kiln operations have now been running 24 hours per day, 7 days a week, since mid May and initial revenue payments have been received.

The Company has now successfully transitioned from an exploration and development company to an operating company. The first full month of production will be June and Silvermet is on track to meet its 2009 production target of 11,500 tonnes zinc clinker containing approximately 17 million pounds of zinc, plus lead credits.

Annual General Meeting

Silvermet wishes to remind shareholders and friends that its Annual General Meeting will be held at 10 am on June 10(th) in the offices of Heenan Blaikie LLP, Suite 2600, 200 Bay Street, South Tower, Royal Bank Plaza, Toronto. The meeting will include a presentation updating investors on the Company's Turkish Waelz kiln operations. Interested parties are also encouraged to visit Silvermet's new website at www.silvermet.ca. A copy of the presentation will be posted on the website after the meeting.

Caution concerning forward-looking statements: The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, political instability, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raised additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events except as may be required under applicable securities laws. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

The TSX Venture Exchange has in no way passed upon the merits of the transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • Silvermet Inc.
    Stephen G. Roman
    Chairman & CEO
    (416) 203-8336
    or
    Silvermet Inc.
    Rein A. Lehari
    President & COO
    (416) 203-8336
    (416) 368-5146 (FAX)
    www.silvermet.ca