Cerro Grande Mining Corporation Announces Resignation of a Director

Registered Office:                                            

Santiago Office:         

ROYAL BANK PLAZA                            


SOUTH TOWER                                        


200 BAY STREET, SUITE 3800                 

Telephone: 56-2-2569 6200

TORONTO, ONTARIO M5J 2Z4                


Toronto Office:                                            

For further information, contact:

1 KING STREET WEST, SUITE 4009          

Stephen W. Houghton, CEO

TORONTO, ONTARIO M5H 1A1                  

David R. S. Thomson, EVP


E-Mail: ceg@cegmining.com

Telephone: 56-2-2569 6224

Website: www.cegmining.com

TORONTO, March 15, 2016 /CNW/ - Cerro Grande Mining Corporation (the "Company" or "CEG") (CSE-CEG) announced the resignation, effective today, of Fernando Saenz Poch, an independent director of the Company. The reason for his resignation was due to other business commitments.

The Board of Directors of the Company wishes to thank him for his services and to wish him well in his other business ventures.  

Cerro Grande Mining Corporation is a minerals producing, exploration and development company with properties and activities currently focused in Chile.

Cautionary Statement on Forward-looking Information:

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to the future financial or operating performance of CEG. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of CEG to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release based on current expectations and beliefs and CEG disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

SOURCE Cerro Grande Mining Corporation

For further information: Stephen W. Houghton, CEO, David R. S. Thomson, EVP, E-Mail: ceg@cegmining.com, Telephone: 56-2-2569 6224, Website: www.cegmining.com


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