David Laing, president of Arizona Sonoran, commented: “We are pleased to welcome Bill Washington to our Board of Directors and recognize Alison’s achievements. As we transition to the development phase at Cactus, Bill’s expertise in capital markets, strategic leadership and capital allocation strategy will complement the expertise of our current Board of Directors. We look forward to working with the Board and management as we execute on our strategic plans to target first copper cathode production in the second half of 2029.”
Bill Washington is an experienced financial professional with 32 years of experience leading and building investment banking teams and supporting governance and board leadership in the mining and metals sectors. Currently a partner at Hydra Capital Partners, he was previously Head of Global Mining & Metals at National Bank Financial Markets from July 2011 until his retirement from the firm at the end of 2015. He joined National Bank as part of the acquisition of Wellington West Capital Markets, where he had been Head of Investment Banking since August 2004, focusing exclusively on the mining and metals sector. Prior to joining Wellington West, Bill held various investment banking positions from 1994 at National Bank Financial/First Marathon, Gordon Capital and Lancaster Financial/TD Securities.
Before joining investment banking, he worked for six years as a civil engineer on major infrastructure projects in Great Britain, Spain and Hong Kong. Bill holds a Bachelor of Applied Science (Civil Engineering) from the University of British Columbia and an MBA from the University of Western Ontario (Ivey). Bill also acts as an independent director for both Wesdome Gold Mines and Rupert Resources. He was previously a director of Copper Mountain Mining until its acquisition by Hudbay Minerals in June 2023 and of Brio Gold until its acquisition by Leagold Mining (now Equinox Gold) in May 2018.
Alison Dwoskin is an investor relations professional with 22 years of experience, specializing in capital markets and corporate communications, largely within the mining and metals sectors. She has been promoted to Vice President of Investor Relations after initially joining the company as Director of Investor Relations. Alison is a Certified Professional in Investor Relations (CPIR) and holds an Honors Bachelor of Arts degree from Brock University.
Neither the TSX nor the regulatory authority has approved or refuted the information contained in this press release.
About Arizona Sonoran Copper Company ( www.arizonasonoran.com | www.cactusmine.com )
ASCU is a copper exploration and development company with a 100% interest in the brownfield Cactus Project. The project, on private land, contains a large-scale porphyry copper resource and a recent 2025 PFS proposes an open-pit copper mine with robust economic returns. Cactus is a lower-risk copper developer that benefits from a state-led permitting process, infrastructure, highways and rail on its doorstep, and on-site permitted water access. The company’s goal is to develop Cactus and become a mid-tier copper producer with low operating costs, capable of generating robust returns and providing long-term sustainable and responsible business operations for the community, investors and all stakeholders. The company is led by an executive management team and board of directors who have a long track record of successful project delivery in North America, complemented by expertise in global capital markets.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
All statements, other than statements of historical fact, contained or incorporated by reference in this press release constitute “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian and U.S. securities laws. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “expects”, “assumption”, “becoming”, “believes”, “imperative”, “contingencies”, “could”, “delivery”, “development”, “estimate”, “expectation”, “exploration”, “ultimately”, “factors”, “feasibility”, “moving forward”, “future”, “intention”, looking”, “objective”, “plans”, “project”, “risk”, “phase”, “study”, “subject to”, “its”, “purpose”, “transition” and “will”, or variations of such words, and similar words, expressions or statements that certain actions, events or results in the future may, could, should, should, will (or not) be achieved, occur, foresee, result or support, or which, by their nature, refer to future events. Forward-looking statements include statements that relate to the results of the Pre-Feasibility Study (or PFS) and the Company’s objectives (including the development of the Cactus Project, becoming a mid-tier copper producer with low operating costs, which could generate robust returns and provide long-term sustainable and responsible operations for the community, investors and all stakeholders, and any other ongoing or future achievements). the date on which such assumptions, estimates, expectations and opinions prove to be incorrect. Actual and future results may differ materially from those expressed or implied by reference in this press release, which may prove to be incorrect, including the data contained or referred to in this press release, as well as the data contained in the Company’s Annual Information Form dated March 27, 2025 (the “AIF”), Management’s Discussion and Analysis (together with the accompanying financial statements). for the year ended December 31, 2024 and the quarters already ended and reported in 2025 (collectively, the “2024-25 Financial Reports”) and the PFS Technical Report, all available on the Company’s website at www.arizonasonoran.com and under the issuer profile at. www.sedarplus.ca . Forward-looking statements are inherently subject to known and unknown risks, uncertainties, contingencies and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks, uncertainties, contingencies and other factors include, but are not limited to, the accuracy of the pre-feasibility study (or PFS) and its results and implications being inconsistent with prior studies or any actual results, or otherwise not meeting expectations; and objectives of the Company not being achieved or not achieved at all in accordance with the Company’s expectations, in addition to other risks, uncertainties, contingencies and other factors, including the “Risk Factors” in the AIF, and the risks, uncertainties, contingencies and other factors identified in the Financial Disclosure 2024-25 and the PFS Technical Report. The foregoing list of risks, uncertainties, contingencies and other factors is not exhaustive; readers should refer to the more complete discussion of the company’s business, financial condition and prospects provided in the AIF, the Financial Disclosure 2024-25 and the PFS Technical Report. Although ASCU has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this press release (or as otherwise expressly specified) and ASCU disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements referred to or contained in this press release are expressly qualified by these cautionary statements, as well as the cautionary statements contained in the AIF, the Financial Disclosure 2024-25 and the PFS Technical Report.
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Alison Dwoskin, Vice President of Investor Relations
647-233-4348
adwoskin@arizonasonoran.com
George Ogilvie, president, CEO and director
416-723-0458
gogilvie@arizonasonoran.com
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