Improved Operating Parameters Identified At The Hycroft Mine

DENVER, CO - Hycroft Mining Corporation reported that it has completed positive feasibility studies focused on a mill processing plant for the large transition and sulfide, gold and silver resource at the Hycroft Mine located near Winnemucca, Nevada. Moreover, recently, the Company successfully operated a 10-ton-per-day mill demonstration plant to measure the effectiveness of the mill process in a continuous operating environment. The results of the demonstration plant not only substantiate the process and flow sheet, but also, in the revised feasibility study, establish improved operating parameters and overall economics. 
The Company is currently focused on proving the viability of a heap leach oxidation process for the transition and sulfide material. In early 2016, using knowledge gained through sulfide metallurgical testing, the Company began testing the effectiveness of a sulfide heap leach oxidation process with an initial column and bottle roll test program. As a result of the program’s encouraging results, the Company initiated two 5,000 ton test heap leach pads on the two main ore domains, Central and Brimstone, which also yielded successful initial results. Based on these promising results, the Company commenced a new feasibility study with M3 for the sulfide heap leach oxidation process, which is expected to be completed by mid-2018. The sulfide heap leach process is expected to present a low- capital, low-risk option that the Company believes could be operational relatively quickly, with permits already in place to start this project. 
The company’s address is 8181 E Tufts Ave, Suite 510, Denver, CO 80237, www.hycroftmining.com.