Resource World Magazine

Newswire Dissemination, SEDAR and EDGAR services since 1998 SEDAR filings starting at $25.00 Newswire Dissemination starting at $95.00 Unlimited Words EMAIL: sales@FSCwire.com TREVALI ACQUIRES NEW BRUNSWICK ASSETS Trevali Mining Corp. [TV-TSX; TREVFOTCQX; 4T1-Frankfurt] has completed the acquisition of Maple Minerals Corp., a private New Brunswick incorporated company that owns the 3,000-tonne-per-day Caribou mill and mine complex located in the Bathurst mining camp of northern New Brunswick. Pursuant to the terms of a combination agreement dated May 14, 2012, a whollyowned subsidiary of Trevali, Trevali Mining (New Brunswick) Ltd., and Maple have amalgamated in a three-cornered amalgamation with Trevali, and Trevali has issued to the former shareholders of Maple 20,000,010 Trevali shares and 3,999,986 warrants exercisable at $2.00 per share for one year. Based on the closing price of Trevali on the TSX November 2, 2012, the transaction implies an acquisition price of approximately $22 million for Maple. Trevali shares issued under the transaction are subject to a lock-up agreement and the former principal shareholders of Maple receiving Trevali shares are also subject to voting support and stand-still agreements. Highlights of the acquisition: • Provides Trevali with a modern, stateof-the-art 3,000 tpd processing plant (that will produce zinc, lead and copper concentrates), and includes a metallurgical and geochemical laboratory, and permitted tailings treatment facility; • Addition of a former-producing mine with significant underground development workings and historic resources that can be rapidly and cost-effectively brought on-line. The deposit remains open for expansion and Trevali classifies the upside potential as good to excellent: the deepest underground intercept to date returned 34.77 metres at 7.22% zinc, 2.69% lead, 0.25% copper, 76.8 g/t silver and 2.19 g/t gold; • Significant financial, technical and timing advantages/derisk versus permitting DECEMBER 2012/JANUARY 2013 PHONE: 1-866-873-8327 and building a new stand-alone milling complex for the company's Halfmile and Stratmat deposits; • Preferable from a social and sustainability perspective -- near-term creation of an additional 120 to 150 full-time employment positions, establishing Trevali as one of the larger employers in northern New Brunswick, and utilization of a working brownfield industrial site versus a greenfield site; • Due to superior quality of the HalfmileStratmat mineralization (coarser mineralogy with good metallurgical characteristics), modeling of the mill grinding circuit indicates it is readily modifiable to produce saleable zinc, lead (silver) and copper (gold) concentrates; A 2006 historic resource estimate by the previous operator at Caribou tabled significant resources in the deposit. Indicated resource are 3,810,000 tonnes of 7.5% zinc, 3.26% lead and 92 g/t silver with 3,944,300 tonnes inferred at similar grades. Trevali plans to undertake an updated NI 43-101-compliant resource estimate for the Caribou deposit in early 2013. FISSION ENERGY & ALPHA MINERAL HIT HIGH-GRADE U3O8 Fission Energy Corp. [FIS-TSXV] and 50/50 JV partner Alpha Minerals Inc.'s [AMW-TSXV] core drilling on the Patterson Lake South (PLS) Project, SK, intersected a 6-metre-wide interval of high-grade miner- WEB: www.FSCwire.com alization with massive visible pitchblende in veins (up to 21 cm wide), blebs and flecks. This high-grade mineralization occurs at shallow depth in basement rocks in drill hole PLS12-022. The strongly radioactive interval occurs within a broader 21-metre interval of moderate radioactivity, which breaches the unconformity and extends downward into the Archean basement. Hole PLS12-022, a vertical hole collared 10 metres north of hole PLS12-016, intersected anomalous radioactivity in the bedrock over a 21-metre interval (57.5 to 78.5 metres), with a six-metre-wide interval of continuous strong radioactivity (71 to 77 metres). The unconformity with the Archean basement and probable Devonian sandstone was encountered at 59.53 metres depth. The 4.24-metre intersection of Devonian sandstone included a 1.73-metre intersection with 1,400 counts per second radioactivity lying unconformably on the Archean basement. Elevated radioactivity continues in the upper basement drill core to 78.5 metres. A second weakly radioactive interval has been intersected at 166 metres to 177 metres depth as drilling continues. Discovery hole PLS12-022 is about 3.8 km northeast of the high-grade boulder field, where assays returned values up to 39.6% triuranium octoxide. The 21-metre-wide zone of alteration and elevated radioactivity can be described as greater than 300 counts per second, with discrete intervals of high radioactivity (greater than 9,999 counts per second). All intersections are downhole; core interval measurements, and true thickness are yet to be determined. A continuing field program is in progress. This includes eight holes totaling 1,600 metres of core drilling following up geophysics and geologic targets, including the prospective PL-3B conductor, as well as 12 holes totaling 1,440 metres of dual rotary (DR) drilling evaluating overburden near the boulder field. n www.resourceworld.com 29

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