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UPDATE: Trevali Releases Resource Estimate for Caribou Deposit, NB; Shares Rise 4.5% at Midday

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Trevali Mining Corporation (TV.TO) today announced the results of an independent mineral resource estimate for its polymetallic Caribou Deposit in the Bathurst Mining Camp of New Brunswick.

Using a 5% ZnEq cutoff, the estimate prepared by SRK Consulting (Canada) Inc. returned 7.23 million tonnes grading 6.99% zinc, 2.93% lead, 0.43% copper, 84.43 g/t silver and 0.89 g/t gold in the Measured and Indicated categories and an additional 3.66 million tonnes grading 6.95% zinc, 2.81% lead, 0.32% copper, 78.31 g/t silver and 1.23 g/t gold in the Inferred category (Table 1 & Figure 1). The deposit remains open for expansion at depth and along strike, and the Company considers the exploration potential excellent.

Trevali is now trading at $1.15, up 5 cents from the close.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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