Chief Informed by Anglo American (Utah) Inc., of Their Withdrawal from the Big Hill Project

EUREKA, Utah, May 29 /PRNewswire-FirstCall/ — Chief Consolidated Mining Company (Pink Sheets: CFCM) today announces that it has been informed by Anglo American (Utah) Inc., the company’s partner in the “Big Hill LLC” that they are withdrawing from the project.

Chief remains optimistic that the porphyry target subject to the “Big Hill LLC” is still highly prospective ground and will continue to work toward development of these lands.

About Chief Consolidated Mining Company: Chief holds approximately 16,000 acres of land near Eureka, Utah and is focused on the exploration and development of the principal assets which include the Burgin Mine, the Trixie Mine.

This release shall not constitute an offer to sell or the solicitation of an offer to buy securities to/from any person, nor there any sale of such securities in any jurisdiction in which it is unlawful to make such an offer or solicitation. A number of statements in this press release are forward-looking statements, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of projects, compliance with environmental legislation and local environmental rules, laws and procedures, the ability to raise capital to ensure optimization of budgetary planning and other factors described in the Company’s filings with the SEC. The actual results that the Company may achieve may differ materially from any forward-looking statements due to risks and uncertainties.

SOURCE Chief Consolidated Mining Company