Cyprium Mining Corp. Announces Private Placement of Units

MONTREAL, QUÉBEC -- (Marketwired - Feb. 17, 2015) - Cyprium Mining Corporation (TSX VENTURE:CUG) ("Cyprium" or the "Corporation") is pleased to announce that it has completed its previously announced private placement of 500 units (the "Units") at a price of US $1,000 per Unit (the "Offering"), for aggregate gross proceeds of US $500,000. Each Unit will be comprised of US $1,000 principal amount of unsecured, non-convertible debentures (the "Debentures"), which will mature twelve months from the date of issuance, and 400 common shares in the capital of the Corporation. The Debentures will bear interest at a rate of 14% per annum paid quarterly in cash.

Cyprium will pay arm's length finders in connection with the Offering and in connection therewith will pay such finders a cash commission of up to 8% of the proceeds of the Offering that result from such parties' efforts, subject to compliance with applicable securities laws. The finders will also be granted common share purchase warrants equal to 8% of the proceeds of the Offering that result from such parties' efforts, subject to compliance with applicable securities laws, divided by $0.13, with each warrant entitling the holder to purchase one common share in the capital of the Corporation at a price of $0.13 per share for a period of eighteen months from the closing of the Offering.

The proceeds of the Offering will be used for working capital related to the Corporation's production activities at a plant located in Aldama, Mexico, for purchasing equipment and materials to optimize production at the plant and for general working capital.

The Offering is subject to the final approval of the TSX Venture Exchange. Pursuant to applicable securities laws, all securities issued pursuant to the Offering will be subject to a hold period of four months plus one day following the closing of the Offering.


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

The securities of Cyprium being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties, including without limitation, statements pertaining to the closing of the Offering including Cyprium's ability to obtain necessary approvals from the TSX Venture Exchange. Actual results may differ materially. Cyprium does not intend and undertakes no obligation to update these forward-looking statements, except as required under applicable securities laws. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Cyprium.

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Contact

Cyprium Mining Corporation
Alain Lambert, Chairman of the Board of Cyprium
(514) 219-7988