Toachi Mining Inc. Announces Appointment of New Chief Financial Officer & Issuance of Options

TORONTO, ON–(Marketwired – December 08, 2017) – Toachi Mining Inc. (“Toachi” or the “Company”) (TSX VENTURE: TIM) is pleased to announce the appointment of Mr. Joseph Fazzini, CPA, CA, CFA as the Company’s Chief Financial Officer (“CFO”) effective December 5, 2017.

Mr. Fazzini graduated from the University of Toronto’s Rotman School of Management with a Bachelor of Commerce and followed up his education earning both the Chartered Accountant and Chartered Financial Analyst designations. Mr. Fazzini spent the first part of his career in PwC’s Toronto Audit practice as part of the Global and Metals & Mining group. Subsequent to his audit experience with PwC, Mr. Fazzini joined Dundee Capital Markets where he most recently served as Vice President, Senior Mining Analyst covering Precious Metals Equities. While at Dundee, his analysis and modeling were used to advise global institutional investors and mining companies ranging from junior gold explorers to intermediate producers. Through his work as a publishing mining analyst, Mr. Fazzini brings deep relationships across the capital markets community as well as an in-depth background in financial statement analysis, project finance and investment valuation.

Jonathan Goodman, President and CEO commented, “We are thrilled to welcome Joe as the new CFO for Toachi. His depth of knowledge and understanding of our business will make him a valuable addition to further strengthen our management team.”

Stock Option Grant

The Board of Directors of the Company has approved the grant of an aggregate of 375,000 stock options (the “Options”) to eligible participants of the Company’s stock option plan. The Options are exercisable into common shares of the Company at an exercise price of {$content}.22 all vesting upon issuance. The Options have a five-year term to maturity.

About Toachi Mining Inc.

Toachi brings a disciplined and veteran team of project managers together with a high grade gold-copper-silver-zinc project at La Plata in Ecuador. Toachi is focused on and committed to the development of advanced stage mineral projects throughout the Americas using industry best practices combined with a strong social license from local communities. Toachi Mining has 60,966,435 shares issued and outstanding.

Forward Looking Statements

Certain statements contained in this news release may constitute “forward-looking information” as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company’s financial condition and development plans do not change as a result of unforeseen events and that the Company obtains regulatory approval. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company’s financial condition and development plans change, and delays in regulatory approval, as well as the other risks and uncertainties applicable to the Company as set forth in the Company’s continuous disclosure filings filed under the Company’s profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

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