MINCO SILVER CORPORATION : http://www.mincosilver.ca/ : QwikReport

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#May 05, 2020
Minco Silver Annouces Revised Investment in Hempnova Lifetech Corporation

 Vancouver, BC-Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV OTCQX: MISVF; WKN: A0ESX5) today reported that it has reduced the size of its private placement investment in HempNova Lifetech Corporation ("HempNova") from 10,000,000 common shares of HempNova to 7,950,000 common shares at a price of $0.40 per share.  As a result, the aggregate amount of the Company's investment in HempNova has been reduced from $4,000,000 to $3,180,000.

The shares purchased by the Company pursuant to the reduced investment represents approximately 12.80% of the issued and outstanding common shares of HempNova after closing of the HempNova private placement.  The Company has filed an amended early warning report to reflect its reduced investment in HempNova.  A copy of the amended early warning report is available for review on HempNova's SEDAR profile.

The private placement in HempNova was reduced to ensure that it did not exceed 10% of the Company's market capitalization on the date the investment was first announced.  Pursuant to TSX policies, the approval of the investment in the original amount, which exceeded 10% of the Company's market capitalization, would have required shareholder approval.  To avoid the delays and expense of convening a shareholder meeting for purposes of  seeking shareholder approval, the Company elected instead to reduce the amount of its investment.

As part of its due diligence review of HempNova, the Company has satisfied itself that the business of HempNova does not violate U.S. federal law regarding marijuana and is operated legally in all jurisdictions in which it operates. The tests regarding such compliance are set forth in  TSX Staff Notice 2017-0009.   Specifically, the Company has satisfied itself that HempNova (1) has no direct or indirect ownership of, or investment in any entities engaging in activities related to the cultivation, distribution or possession of marijuana in the United States ("Subject Entities"), (2) has no commercial interests or arrangements with Subject Entities that are similar in substance to ownership of, or investment in Subject Entities, (3) does not provide services or products that are specifically designed for, or targeted at, Subject Entities, and (4) has no commercial interests or arrangements with entities engaging in the business activities described above.

ON BEHALF OF THE BOARD

"Ken Z. Cai"
President

About Minco Silver

Minco Silver Corporation is a TSX and OTCQX listed company focusing on the exploration and development of mineral resource projects.  The Company's primary focus is to advance our properties, the Fuwan Silver Project and the Changkeng Gold Project, towards production. The Fuwan Silver Project and the Changkeng Gold Project are adjoined and are located approximately 45 kilometres southwest of Guangzhou City, China. We also seek to identify and acquire additional precious metal dominant projects that we believe will enhance shareholder value. For more information on Minco Silver, please visit the Company's website at www.mincosilver.ca or contact Jennifer Trevitt, at 1-888-288-8288 or (604) 688-8002

2060 -- 1055 W. Georgia St., Vancouver, BC,  Canada  V6E 3R5
Tel: (604)688-8002          Fax: (604)688-8030           Toll Free: (888)288-8288
E-mail:               Website: www.mincosilver.ca

 
#April 22, 2020
Minco Silver Announces Investment in Hempnova Lifetech Corporation and Appointment of New Chief Financial Officer

 Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV; OTCQX: MISVF; WKN: A0ESX5)  reports that it has entered into a private placement subscription agreement with HempNova Lifetech Corporation ("HempNova") pursuant to which it has purchased 10,000,000 common shares of HempNova at a price of $0.40 per share for an aggregate subscription cost of $4,000,000 (the "Subscription").  The Subscription forms part of a larger private placement conducted by HempNova.  For further details of the HempNova private placement, please refer to HempNova's news release dated March 27, 2020.

HempNova is involved in the business of hemp processing in Oregon, USA.  For further details of HempNova's business and its plans for 2020, please refer to HempNova's news release dated February 24, 2020.  Dr. Ken Z. Cai, the CEO of Minco Silver, is also a director and the Chairman of the Board of HempNova, and Ms. Maria Tang, an independent director of Minco Silver, is also  the President of HempNova.

Immediately prior to closing of the Subscription, the Company held no shares of HempNova. The shares purchased by the Company pursuant to the Subscription represent approximately 17.72% of HempNova issued and outstanding common shares upon this Subscription closed.

Minco Silver acquired the HempNova shares for investment purposes pursuant to the terms of the Subscription. Funding for the investment in HempNova was sourced from surplus cash held by Minco Silver. The investment does not alter Minco Silver's business focus on exploration and development of mineral properties.

The Company will evaluate its investment in HempNova from time to time and may, based on such evaluation, market conditions and other circumstances, increase or decrease its shareholdings as circumstances required through market transactions, private agreements, or otherwise.  A copy of the early warning report filed by Minco Silver in connection with the acquisition of HempNova common shares will be available on HempNova's SEDAR profile.

The Company also announces that Mr. Larry Tsang has retired as the Company's Chief Financial Officer. The Company thanks Mr. Tsang for his 4 years of service and support to the Company and wishes him all the best in the future.

The Company is  pleased to announce that  Ms. Melinda Hsu has been appointed as its Chief Financial Officer. Ms.  Hsu has over 30 years of diversified experience in areas of accounting, finance, corporate development and administration in Canada and China. Ms. Hsu was formerly the Chief Financial Officer, Corporate Secretary and Treasurer of Handeni Gold Inc. She started her career in the State Planning Commission of China and held Corporate Controller position in Titan Mining Corp. and various other mining and oil & gas companies with both Canadian and international operations. Ms. Hsu is a member of Chartered Professional Accountants of British Columbia and Ontario, and has a Master of Arts in Commerce from Renmin University of China.

About Minco Silver

Minco Silver Corporation is a TSX and OTCQX listed company focusing on the exploration and development of mineral resource projects.  The Company's primary focus is to advance our properties, the Fuwan Silver Project and the Changkeng Gold Project, towards production. The Fuwan Silver Project and the Changkeng Gold Project are adjoined and are located approximately 45 kilometres southwest of Guangzhou City, China. We also seek to identify and acquire additional precious metal dominant projects that we believe will enhance shareholder value. For more information on Minco Silver, please visit the Company's website at www.mincosilver.ca or contact Jennifer Trevitt, at 1-888-288-8288 or (604) 688-8002

2060 -- 1055 W. Georgia St., Vancouver, BC,  Canada  V6E 3R5
Tel: (604)688-8002          Fax: (604)688-8030           Toll Free: (888)288-8288
E-mail:               Website: www.mincosilver.ca

 
#November 14, 2019
Minco Silver Announces Third Quarter Fiscal 2019 Loss

 Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV OTCQX: MISVF; WKN: A0ESX5) today reported financial results for its fiscal third quarter ended September 30, 2019.

As at September 30, 2019 the company had working capital of approximately of $44.5 million on hand. The Company has been reviewing mineral projects with merit and will make use of the Company's working capital to increase shareholders value.

The current period loss reflects the Company's decision to record a non-cash impairment loss of
$64.4 million consisting of write-downs of the Company's historical expenditures on the Fuwan Silver Deposit and Changkeng Gold projects, due mainly to the delays experienced in obtaining permits for these projects.

Notwithstanding the write-down, the Company intends to renew all permits and keep the titles to its Fuwan Silver Deposit and Changkeng Gold projects in good standing.

About Minco Silver

Minco Silver Corporation is a TSX and OTCQX listed company focusing on the exploration and development of mineral resource projects. We seek to identify and acquire precious metal dominant projects that we believe will enhance shareholder value. For more information on Minco Silver, please visit the Company's website at www.mincosilver.ca or contact Jennifer Trevitt, at 1- 888-288-8288 or (604) 688-8002 pr@mincosilver.ca




2060 -- 1055 W. Georgia St., Vancouver, BC, Canada V6E 3R5
Tel: (604)688-8002 Fax: (604)688-8030 Toll Free: (888)288-8288
E-mail: pr@mincomining.ca Website: www.mincosilver.ca
 
#February 04, 2019
Minco Silver Terminates the Preliminary Agreement to Acquire the Longwangshan Gold Mine

 VANCOUVER, B.C.- Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV) announces that based on the results of a full due diligence program completed recently, it has terminated the preliminary agreement to acquire 70% of the equity interests in Changling Longxin Mining Co., Ltd. ("Longxin Mining"), a Chinese mining company which holds a 100% interest in the Longwangshan Gold Mine, located in Shuikuoshan mining district, Hunan, China.

As announced in the news release dated September 13, 2018, the Company recently completed a full diligence program on Longxin Mining and the Longwangshan Gold Mine, including a drilling program comprised of 15 diamond drill holes. It was concluded from the results of the drilling program that the reserve and resource estimates do not meet the Company's criteria for acquisition and it's in the Company's best interest not to proceed with the acquisition of the mine.

The Company's wholly owned subsidiary, Minco Mining (China) Co., Ltd. has received the full interest payments for the loan of 74.8 million Reminbi (the "Loan") for the past six months from Longxin Mining. The due diligence costs have also been reimbursed by Longxin Mining. The Loan has been extended to June 30, 2019 with increased interest rates of 12% annually, and it is fully secured by 100% equity interest in Longxin Mining and all assets of the Longwangshan Gold Mine. In addition, the Loan has been fully guaranteed by the shareholders of Longxin Mining and a significant real estate company controlled by them.

With approximately $45,000,000 working capital, the Company will continue its effort to acquire a high quality advanced mineral project inside and outside China.

On Behalf of the Board
"Ken Cai"
President

About Minco Silver

Minco Silver Corporation is a TSX and OTCQX listed company focusing on the acquisition and development of silver dominant projects. For more information on Minco Silver, please visit the Company's website at www.mincosilver.ca or contact Jennifer Trevitt, at 1-888-288-8288 or (604) 688-8002 pr@mincosilver.ca
 
#September 13, 2018
Minco Silver Enters Preliminary Agreement to Acquire Producing Gold Mine in China

 VANCOUVER, B.C.- Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV) is pleased to announce that it has entered into a preliminary agreement to acquire 70% of the equity interests in Changling Longxin Mining Co., Ltd ("Longxin Mining"), a Chinese mining company which holds a 100% interest in the Longwangshan Gold Mine, located in Shuikuoshan mining district, Hunan, China. The Longwangshan Gold Mine is a fully permitted 1000 tonne-per-day open pit mine with a mill and smelter on site. The estimated purchase price for the 70% equity interest in Longxin Mining under the preliminary agreement is a range of 147-168 million Remnimbi (28-32 million Canadian).

Under the preliminary agreement, the Company, through its wholly owned subsidiary, Minco Mining (China) Co., Ltd. ("Minco China"), has exclusive rights to acquire 70% of the equity interests in the Longwangshan Gold Mine. The preliminary agreement was negotiated between the Company and the existing shareholders of Longxin Mining on an arms-length basis. The Company is conducting a full due diligence review of Longxin Mining and the Longwangshan Gold Mine, including a drilling program to verify the reserves and resources of the mine.

In conjunction with the proposed acquisition, Minco China has also entered a loan agreement with Longxin Mining and its shareholders pursuant to which Minco China has provided the shareholders with a convertible loan of 74.8 million Reminbi (the "Loan"). The term of the Loan is six months and bears interest at the rate of 10% per annum. The Loan is fully secured by the shareholders' 100% equity interest in Longxin Mining and all assets of the Longwangshan Gold Mine. In addition, the Loan has been fully guaranteed by the shareholders of Longxin Mining and a significant real estate company controlled by them. If the results of the due diligence program are positive and the Company decides to proceed with the acquisition, the Loan will be converted into equity in Longxin Mining and thereby credited towards the purchase price. If the Company decides not to proceed with the acquisition, then the Loan, together with all accrued interest, shall be repaid in full.

Further announcements with respect to the acquisition, the Longwanghsan Gold Mine and the final purchase price will be made following the completion by the Company of its due diligence investigation, expected to be completed within three months.

About Minco Silver

Minco Silver Corporation is a TSX and OTCQX listed company focusing on the acquisition and development of silver dominant projects. For more information on Minco Silver, please visit the Company's website at www.mincosilver.ca or contact Jennifer Trevitt, at 1-888-288-8288 or (604) 688-8002 pr@mincosilver.ca
 

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