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Last updated on April 20, 2014 at 17:20 EDT

Augusta Resource Appoints Lenard F. Boggio to its Board of Directors

June 26, 2013

VANCOUVER, June 26, 2013 /PRNewswire/ - Augusta Resource Corporation (TSX/NYSE MKT: AZC) (“Augusta” or “the Company”) is pleased to appoint Lenard F. Boggio to
its Board of Directors, effective today.

Lenard F. Boggio was with PricewaterhouseCoopers LLP (“PwC”) and its
predecessor firm Coopers & Lybrand from 1982 until his retirement from
PwC in May 2012. During that time, he was Leader of the B.C. Mining
Group of PwC, a senior member of PwC’s Global Mining Industry Practice
and an audit practitioner for publicly listed Canadian, U.S. and U.K.
mineral resource and energy clients. The scope of his clients’
activities included exploration, development and production stage
operations in the Americas, Africa, Europe and Asia. Mr. Boggio holds a
B.A. and B.Comm. from the University of Windsor, Ontario and is a
member of the Institute of Chartered Accountants of British Columbia
and Ontario. He is also a CPA in Illinois and a member of the State
Boards of Accountancy of Illinois and Washington State. He holds an
ICD.D designation and is a member of the Institute of Corporate
Directors. Mr. Boggio’s other roles currently include Board Member and
Vice-Chair of the Canadian Institute of Chartered Accountants and
Commissioner of the Financial Institutions Commission of B.C.

Richard Warke, Augusta’s Executive Chairman, said, “We are very pleased
to have such an accomplished mining professional with an outstanding
track record in accounting, finance and corporate governance join our
Board and Chair the Audit Committee.  Len’s addition to the Board
strengthens the Company as we move into construction and ultimately
operations.”

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 25, 2013. 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