Le Lézard
Classified in: Mining industry, Business
Subject: EARNINGS

New Jersey Mining Company Provides Second Quarter Update on Operations and Corporate Activities


COEUR D'ALENE, Idaho, Aug. 15, 2018 (GLOBE NEWSWIRE) -- New Jersey Mining Company (OTCQB:NJMC/CSE:NJMC) ("NJMC" or the "Company") today announced its consolidated operating and financial results for the second quarter of 2018. The full version of the Company's interim consolidated financial statements and management's discussion and analysis (MD&A) can be viewed on the Company's web site, on SEDAR and EDGAR. All amounts are expressed in U.S. dollars unless otherwise specified.

Operational Highlights during the second quarter of 2018 include:

NJMC CEO and President John Swallow stated "Despite the higher cost of sales during the first half of 2018 as we mined through the lower grade portion of the open-pit, we recorded higher revenues which included a one-time gain on the sale of non-strategic unpatented mining claims.  This combined with our increased land position and ownership of a drill have allowed us to greatly expand our exploration activity within the Murray Gold Belt."

Corporate Highlights include:

Mr. Swallow concluded, "As anticipated, it has been a busy 2018 and we expect that trend to continue. As a result of the sale of the Toboggan land holdings and their increased land position, we welcomed Hecla Mining Company to the Murray Gold Belt during the quarter. Additionally, New Jersey Mining Company is now listed on the Canadian Securities Exchange and we anticipate expanding our industry presence as our big picture plans for the Murray Gold Belt come together."

About New Jersey Mining Company

New Jersey Mining Company is headquartered in North Idaho, where it is producing gold at its Golden Chest Mine. NJMC has established a high-quality, early to advanced-stage asset base in three historic mining districts of Idaho and Montana The Company's objective is to use its considerable in-house skill sets to build a portfolio of mining and milling operations, with a longer-term vision of becoming a mid-tier producer. Management is shareholder focused and owns more than 17-percent of NJMC stock.

The Company's common stock trades on the OTC-QB and the CSE Market under the symbol "NJMC."

For more information on New Jersey Mining Company go to www.newjerseymining.com or call:

Monique Hayes, Corporate Secretary/Investor Relations
Email: [email protected]
(208) 625-9001

Forward Looking Statements

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are intended to be covered by the safe harbor created by such sections. Such statements are based on good faith assumptions that New Jersey Mining Company believes are reasonable but which are subject to a wide range of uncertainties and business risks that could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such factors include, among others, the Company's ability to increase exploration and production, the risk that the mine plan changes due to rising costs or other operational details, the risks and hazards inherent in the mining business (including risks inherent in developing mining projects, environmental hazards, industrial accidents, weather or geologically related conditions), changes in the market prices of gold and silver and the potential impact on revenues from changes in the market price of gold and cash costs, a sustained lower price environment, as well as other uncertainties and risk factors. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. NJMC disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise


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