Update On The Campo Morado Mine In Guerre Srtate

VANCOUVER, BC - Telson Mining Corporation reported an update for full year 2018 for its 100% owned Campo Morado Mine located in Guerrero State, Mexico. At Campo Morado the mill processed 585,601 Tonnes of mineralized resources during 2018, (231,757 tonnes of pre-production to May 15, 2018 and 353,844 of commercial production since May 16, 2018) Average head grade of 4.26% Zinc, 0.37% Copper, 1.10% Lead, 1.02 g/t Gold, 118 g/t Silver. Sold on a combined basis an estimated total of 39,333 tonnes of Zinc concentrate with estimated average grades of 41.82% Zn, 363 g/t Ag and 1.27 g/t Au for estimated total gross proceeds of US $35.17 million. In addition, sold on a combined basis an estimated total of 7,666 tonnes of lead concentrate with estimated average grades of 23.93% Pb, 662 g/t Ag, 5.15 g/t, Au and 2.21% Cu for estimated gross proceeds of US $5.58 million. The combined estimated total all in operating costs, including mining, milling, freight, royalties, smelter costs, etc. were US $32.46 million, resulting on an estimated cost per ton of US $55/tonne. The estimated combined total metal sold – 36.26 million lbs (16,449 tonnes) zinc, 4.03 million lbs (1,834 tonnes) lead, 373,333 lbs (169 tonnes) copper, 2,870 oz gold and 622,309 oz silver. The mines mill throughput processing rate increased from 1,500 tonnes/day in January to an average of 1,800+ tonnes per day by year end, achieving maximum daily rates of over 2,200 tonnes/day. Estimated total mineralized resources mined was 582,521 tonnes during the year. Mine development totaled 2,659 meters: 1,682 meters developed in mineralized resources and 977 meters in waste.

José Antonio Berlanga, CEO and Director,said, "Telson´s growth in the past three years has been remarkable. After Telson’s restructuring in November 2015, the Company has grown significantly from having one advanced exploration project, Tahuehueto at the PEA stage, to having acquired the Campo Morado mine, advancing it back into full commercial production and advancing its Tahuehueto project through pre-feasibility studies into pre-production by toll milling. At Tahuehueto we are now in late stage mine construction of an on-site 1,000 tonne per day milling and underground mining operation which we expect to commission in 2019.

The company’s address is 1111 Melville Street, Suite 1000, Vancouver, BC V6E 3V6, (604)684-8071, www.telsonmining.com.