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Last updated on April 23, 2014 at 21:24 EDT

Augusta Director John R. Brodie Passes Away

February 27, 2013

VANCOUVER, Feb. 27, 2013 /PRNewswire/ – Augusta Resource Corporation (TSX/NYSE MKT: AZC) (“Augusta” or “the Company”) is saddened to announce the passing of
its director, John R. Brodie, on Sunday, February 24, 2013. The Company
expresses its sincerest sympathies to his family.

“We would like to provide our heartfelt condolences at this time,” said
Richard Warke, Augusta’s executive chairman. “John was a valuable
member of the board and he provided indispensable guidance to the
Company in financial reporting and corporate governance.  He will be
dearly missed.”

Mr. Brodie joined the board of directors of Augusta in 2011 and was the
chair of the audit committee and member of the corporate governance
committee. He was a FCA who was formerly a partner at KPMG LLP, and was
elected a fellow for distinguished service to the profession by the
Institute of Chartered Accountants of British Columbia. He provided
consulting services and served as a director for several public
companies.

Augusta is currently evaluating candidates for consideration for the
replacement of the directorship held by Mr. Brodie.  W. Durand Eppler,
a current director of the Company, will step in as interim chair of the
audit committee.

ABOUT AUGUSTA
Augusta is a base metals company focused on advancing the Rosemont
Copper deposit near Tucson, Arizona. Rosemont hosts a large
copper/molybdenum reserve that would account for about 10% of US copper
output once in production (for details refer to www.augustaresource.com). The exceptional experience and strength of Augusta’s management team,
combined with the developed infrastructure and robust economics of the
Rosemont project, propels Augusta to becoming a solid mid-tier copper
producer. The Company trades on the Toronto Stock Exchange and the NYSE
MKT under the symbol AZC.

CAUTIONARY STATEMENTS REGARDING FORWARD LOOKING INFORMATION

Certain of the statements made and information contained herein may
contain forward-looking statements within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and
forward-looking information within the meaning of applicable Canadian
securities laws. Such forward-looking statements and forward-looking
information include, but are not limited to statements concerning:
expectations surrounding, short term financing, future project
financings or refinancing; the Company’s plans at the Rosemont Project
including timing for final permits and construction; estimated
production; and capital and operating and cash flow estimates.
Forward-looking statements or information include statements regarding
the expectations and beliefs of management. Often, but not always,
forward-looking statements and forward-looking information can be
identified by the use of words such as “plans”, “expects”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates”, or “believes” or the negatives thereof or variations of
such words and phrases or statements that certain actions, events or
results “may”, “could”, “would”, “might” or “will” be taken, occur or
be achieved.

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: history of losses; requirements for additional capital;
dilution; loss of its material properties; interest rates increase;
global economy; no history of production; speculative nature of
exploration activities; periodic interruptions to exploration,
development and mining activities; environmental hazards and liability;
industrial accidents; failure of processing and mining equipment;
labour disputes; supply problems; commodity price fluctuations;
uncertainty of production and cost estimates; the interpretation of
drill results and the estimation of mineral resources and reserves;
legal and regulatory proceedings and community actions; title matters;
regulatory restrictions; permitting and licensing; volatility of the
market price of Common Shares; insurance; competition; hedging
activities; currency fluctuations; loss of key employees; as well as
those factors discussed in the section entitled “Risk Factors” in the
Company’s Annual Information Form dated March 19, 2012. 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 or information.
Accordingly, readers are advised not to place undue reliance on
forward-looking statements or information. The Company disclaims any
intent or obligation to update forward-looking statements or
information except as required by law, 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.

SOURCE Augusta Resource Corporation


Source: PR Newswire