Amarium Increases High-Grade Copper Purchase Agreement

LAS VEGAS, March 6, 2014 /PRNewswire/ --

Amarium Technologies Inc. (OTC: AMMG), through its wholly owned subsidiary Amarium Minerals Inc., reports that it has now has completed an agreement to increase the tonnage of its High-Grade Copper Purchase Contract with Minera Cobre SA de CV from 50,000 tonnes of high-grade ore to 125,000 tonnes over the next 24 months.  The Agreement was amended to account for an increase in operational capacity of the Jovita Mill and the need to secure additional high-grade feedstock.

Amarium announced on February 26, 2014 that the Jovita Mill, located in Michoacan Mexico, had increased capacity from 40 tons-per-day (tpd) to 120 tpd with a projected target capacity of 200 tpd within 12 months.  The requirement for average grade has been decreased from 2.1% to 1.85%, in order to account for the tonnage increase and extends the term of the agreement to March 2016.

"Securing additional high-grade copper ore for the Jovita Mill is of primary importance, especially with exploration activities currently taking place at both Jovita and San Pedro." said Adam Carter, the President & CEO of Amarium. "It is paramount that operations at Jovita move forward rapidly, and we continue to increase the capacity of the mill as scheduled. We have a number of milestones close to completion, and a seamless transition from 40 tpd to 200 tpd over the course of this year, is a key component to meeting our production goals for 2014."

Amarium is focused on the acquisition and development of base metals projects in Mexico that are currently in or near production and advanced exploration properties that will add substantially to the Company's asset foundation. Management is continuing to actively pursue mineral interests that represent significant growth, value and cash flow opportunities

For additional information, please visit: http://www.amariumminerals.com

This press release contains statements that are forward-looking and which involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in question are based on Amarium Technologies, Inc.'s current expectations and projections about future events, based on information currently available. The forward-looking statements found in this press release may also include statements relating to Amarium Technologies, Inc.'s anticipated financial performance, business prospects, new developments, strategies, and similar matters. Amarium Technologies, Inc. provides no assurance regarding the actual outcome of the events contemplated by any forward-looking statements included in this release. Amarium Technologies, Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

Contacts:
Amarium Technologies Inc.
Investor Relations, +1-800-983-0814
Fax: +1-800-320-4180
[email protected]

SOURCE Amarium Technologies Inc.