Silvermet Inc.
TSX VENTURE : SYI

Silvermet Inc.

March 26, 2009 14:00 ET

Silvermet Inc. Hosts Open House at Iskenderun Wealz Kiln Plant, Turkey

TORONTO, ONTARIO--(Marketwire - March 26, 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 announce that it will hold an Open House on Friday March 27, 2009 at its recently acquired Waelz kiln plant in Iskenderun, Turkey, to display the significant improvements made to the plant. The improvements to date will boost the productivity and output by an estimated 24% over prior operations. The plant upgrades are part of an on-going program to increase productivity and reduce costs.

With the expected increase in productivity, Silvermet will rank as one of the lowest cost processors of Electric Arc Furnace Dust ("EAFD") in the world. Silvermet is on target to commence pelletizing feedstock the week of March 30th, utilizing the improved manufacturing equipment and processes. The kiln will be started shortly thereafter, with initial production scheduled during the week of April 13th.

Responses to the Open House have been enthusiastic and confirmed visitors will include suppliers, local steel mill executives, bankers, metal traders, environmental officers, and local politicians.

About Silvermet

Silvermet is focused on producing zinc, lead, and other by-products from the recently acquired assets of Metox A.S. in Turkey. These assets are currently undergoing an upgrading prior to the recommencement of operations in the second quarter, 2009.

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
    (416) 368-5146 (FAX)
    or
    Silvermet Inc.
    Rein A. Lehari
    President & COO
    (416) 203-8336
    www.silvermet.ca