Telson Mining Closes Purchase of Nyrstar Variable Purchase Price Royalty at Campo Morado & Accelerates Construction at Tahuehueto

Vancouver, British Columbia–(Newsfile Corp. – April 26, 2021) – Telson Mining Corporation (TSXV: TSN) (OTC Pink: SOHFF) (FSE: TSGN) (“Telson” or the “Company“) is pleased to announce that the Company has closed the purchase of the Nyrstar Campo Morado Variable Purchase Price Royalty (the “VPP Royalty). Details of the transaction were previously announced on February 23, 2021. Telson has issued 14,600,000 shares at the negotiated price of C$0.345 per share, which was roughly a 64% premium to Telson’s trading price as of Feb 22, 2021, the date the parties executed the VPP Royalty acquisition letter agreement.

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