VANCOUVER, BC, March 2, 2009 - Augusta Resource Corporation (TSX/NYSE Alternext: AZC) (“Augusta”
or “the Company”) is pleased to announce the appointment of Gordon Jang
to the position of Vice President and Controller effective March 1,
2009. Mr. Jang brings more than 14 years experience in the mining
industry and has extensive knowledge of Sarbanes-Oxley, internal
controls, mergers and acquisitions, tax planning, and regulatory
compliance matters.
Mr. Jang has worked with Eurozinc and
the Lundin Mining Corporation for the past four years as Corporate
Controller. Prior to that time he worked as Controller for Pan American
Silver and Altoro Gold, and Assistant Controller for Equinox Resources.
He is a graduate of the British Columbia Institute of Technology’s
Financial Management program and holds a CMA designation.
Mr. Jang replaces Ms. Tracey
Brix-Nielsen, who is moving on to pursue other interests. The Company
thanks her for her many contributions to Augusta’s success.
About Augusta
Augusta is a base metals company focused
on advancing the Rosemont Copper deposit near Tucson, Arizona. Rosemont
currently hosts a large copper/molybdenum reserve that may account for
about 10% of US copper output once in production in 2012 (refer to
Augusta’s website at www.augustaresource.com for
details). The exceptional experience and strength of Augusta’s
management team, combined with the developed infrastructure and robust
economics of the Rosemont project, will propel Augusta to become a solid
mid-tier copper producer within the next four years. The Company is
traded on the Toronto Stock Exchange and the NYSE Alternext under the
symbol AZC, and on the Frankfurt Stock Exchange under the symbol A5R.
For additional information please visit www.augustaresource.com or contact:
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION
Certain of the statements made and
information contained herein and in the documents incorporated by
reference may contain forward-looking statements or information within
the meaning of the United States Private Securities Litigation Reform
Act of 1995 and forward looking statements or information within the
meaning of the Securities Act (Ontario). Forward- looking statements or
information include statements regarding the expectations and beliefs of
management. Forward looking statements or information include, but are
not limited to, statements or information with respect to known or
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company, or industry
results, to be materially different from any future results, performance
or achievements expressed or implied by such forward-looking statements
or information. Forward-looking statements or information are subject
to a variety of risks and uncertainties which could cause actual events
or results to differ from those reflected in the forward-looking
statements or information, including, without limitation, risks and
uncertainties relating to the Company’s plans at its Rosemont Property
and other mineral properties, the interpretation of drill results and
the estimation of mineral resources and reserves, the geology, grade and
continuity of mineral deposits, the possibility that future
exploration, development or mining results will not be consistent with
the Company’s expectations, metal recoveries, accidents, equipment
breakdowns, title matters, labor disputes or other unanticipated
difficulties with or interruptions in production and operations, the
potential for delays in exploration or development activities or the
completion of feasibility studies, the inherent uncertainty of
production and cost estimates and the potential for unexpected costs and
expenses, commodity price fluctuations, currency fluctuations, failure
to obtain adequate financing on a timely basis, the effect of hedging
activities, including margin limits and margin calls, regulatory
restrictions, including environmental regulatory restrictions and
liability, the speculative nature of mineral exploration, dilution,
competition, loss of key employees, and other risks and uncertainties,
including those described under “Risk Factors Relating
to the Company’s Business” in the Company’s Annual Information Form
dated March 4, 2008. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual
results may vary materially from those described in forward-looking
statements. Accordingly, readers are advised not to place undue reliance
on forward-looking statements or information. We do not expect to
update forward-looking statements or information continually as
conditions change, and you are referred to the full discussion of the
Company’s business contained in the Company’s reports filed with the
securities regulatory authorities in Canada and the United States.