TORONTO, Aug. 29, 2022 (GLOBE NEWSWIRE) — Cerro Grande Mining Corporation (the “Company” or “CEG”) (CSE:CEG) has released its unaudited results for the third fiscal quarter ended June 30, 2022 compared to the same quarter in 2021. These financial statements and MD&A have been filed on SEDAR and the Company directs the reader to those materials for additional information.

We sadly announce the death of our Director, Mr. William Hill, of Rockwood, Ontario on August 15, 2022, who has served the Company as such with loyalty and dedication for over 15 years. Bill will be greatly missed. Effective August 26, 2022, the Company appointed Mr. Matthew S. Thomson as a director of the Company. Mr. Thomson is the son of the late David RS Thomson, a former director and founder of the Company, and is an insider of the Company due to his interest in the Company’s common stock, as previously reported. Mr. Thomson lives in Santiago, Chile. He is associated with the property through his interest in Minera Tamidak Limitada which, as previously reported, has entered into a lease agreement with the Company allowing Minera Tamidak Limitada to undertake certain exploration and extraction activities for minerals limited to those present Company’s Pimentón Very Well Familiar Tailings pond at the Company’s Pimentón project. Mr. Thomson intends to serve as a Director until the Company’s next annual general meeting in March 2023.

Cerro Grande Mining Corporation is an exploration and development company with properties and activities currently focused in Chile.

Cautionary Statement Regarding Forward-Looking Information:

This press release contains “forward-looking information,” which may include, among other things, statements about CEG’s future financial or operational performance. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, ….