Cyprium Mining Announces Private Placement, Updated on Proposed Potosi Joint Venture

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Montreal, Quebec – (October 16, 2015) Cyprium Mining Corporation (“Cyprium” or the “Company”) (TSX-V: CUG and CUG.DB) is pleased to announce that it intends to complete a nonbrokered private placement of common shares (the “Common Shares“) of the Company in an amount up to $500,000 at a price of $0.11 per Common Share (the “Offering“).

Alain Lambert, Chairman and CEO of Cyprium stated: “Following our announcement on the proposed joint venture for the exploitation and exploration of the Potosi silver mine located in the historic silver rich mining district of Santa Eulalia in Mexico, we were approached by investors wanting to participate in our future growth by way of equity.

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