Sirocco Mining Inc.

Sirocco Mining Inc.

April 15, 2013 08:00 ET

Sirocco Announces the Appointment of Richard Clark as President and CEO

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 15, 2013) - Sirocco Mining Inc. ("Sirocco" or "the Company") (TSX:SIM) reports that Richard Clark, currently CEO of the Company, has been appointed President and CEO effective as of April 12, 2013. Mr. Clark replaces Simon Jackson who resigned from the position of President following his appointment as President and CEO of another publicly traded mining company.

Mr. Clark has served many years as a senior director and officer of the Company and was instrumental in the development and construction of Sirocco's Aguas Blancas mine which commenced production in 2001. Mr. Clark has a long and highly successful track record in the mining industry including Red Back Mining Inc. ("RBI") where as President and CEO he led RBI to become an intermediate gold producer with a 2010 production of 500,000oz per annum. Mr. Clark successfully guided RBI through all facets of growth including discovery, feasibility, financing and production coupled with successful corporate acquisitions culminating in the sale of RBI to Kinross Gold Corporation in late 2010.

The Company would like to thank Mr. Jackson for his contribution to Sirocco where, with his participation, the Company achieved significantly improved operating efficiencies, production levels, and increased resources and reserves, setting the stage for further growth at Aguas Blancas.

The Company also announces that it has granted an aggregate of 2,887,500 incentive stock options to certain officers, directors and other eligible persons of the Company. The options are exercisable, subject to vesting provisions, over a period of three years at a price of $0.48 per share.

About the Company

Sirocco Mining Inc. is a Canadian company which produces iodine from its Aguas Blancas mine in northern Chile. In addition, the Company has exploration interests in West Africa and is actively assessing other opportunities in the industrial minerals resource sector.

Cautionary Statements

This news release contains forward-looking statements concerning the Company's plans for its business and properties. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to political risks involving the Company's exploration and development of its properties, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties, including those described in the Company's periodic filings with the British Columbia Securities Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not intend to update this information, except as required by law, and disclaims any legal liability to the contrary.

On behalf of the Board,

Lukas Lundin, Chairman

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