Back to the News

Appointment of Stephen CrosbyPosted: 03/12/2024 | Posted By: News Resource/Publisher

Vancouver, British Columbia – March 8, 2024 – THEMAC Resources Group Limited (TSX VENTURE: MAC) (“THEMAC” or the “Company”) today announced the appointment of Mr. Stephen Crosby as Senior Vice President of Development.

With over 35 years of experience in large-scale mining and project development, Mr. Crosby brings invaluable expertise to his new role. Previously CEO of Arimex Industrial Maintenance and Engineering LLC, he advised clients on asset acquisitions and internal growth opportunities. His executive tenure includes serving as Executive Senior Vice President of Technical Services and Project Development for the Boroo Mining Company in Lima, Peru. Additionally, Mr. Crosby spent 27 years at Freeport McMoran, holding various management positions.

Mr. Crosby holds a degree in Civil Engineering Technology from New Mexico State University in Las Cruces, NM. Originally from New Mexico, he has a great deal of knowledge and strong connections to the state, both studying and working there.

“We are pleased to welcome Mr. Crosby to THEMAC as our new Senior Vice President of Development,” said Andrew Maloney, CEO of THEMAC. “His extensive experience and proven track record in mining operations and project development make him an excellent addition to our team. We look forward to his leadership as we continue to advance our projects.”

Mr. Crosby’s appointment comes following the departure of David Thomas. THEMAC thanks Mr. Thomas for his contributions and wishes him well in his future endeavors.

ABOUT THEMAC RESOURCES GROUP LIMITED

THEMAC is a copper development company with a strong management team and a 100% ownership interest in the Copper Flat copper-molybdenum gold-silver project in New Mexico, USA. The Company is committed to advancing the Copper Flat mine towards production with a sustainable approach to mining development and production.

FORWARD-LOOKING STATEMENTS

This press release includes “forward-looking information” that is subject to a number of assumptions, risks, and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future events, and that actual events or developments may differ materially from those projected in the forward-looking statements.

For further information, contact:

THEMAC Resources Group Limited

Andrew Maloney Chief Executive Officer

Phone: +1 505.382.5770

Website: www.themacresourcesgroup.com

Appointment of David ThomasPosted: 09/27/2023 | Posted By: News Resource/Publisher

Vancouver, British Columbia – September 7, 2023 – THEMAC Resources Group Limited (TSX VENTURE: MAC) (“THEMAC” or the “Company”) today announced the appointment of David Thomas as Executive Vice President of Operations and Development. Mr. Thomas will lead the Copper Flats Project through its critical phases, including project development and commercial production, following the retirement of Mr. Jeff Smith, the company’s COO.

As Executive Vice President of Operations and Development, including his role as General Mine Manager of Copper Flat Mine, Mr. Thomas will lead the company’s flagship project in New Mexico. He brings with him a wealth of experience, having previously served in various executive roles such as Senior Vice President of Project Development, EPC, and Technical Services Manager for major mining companies in the USA and abroad. Mr. Thomas has over a quarter of a century of experience in the mining industry, with significant international exposure in the United States, Alaska, Mexico, Russia, and Canada. He has held key leadership positions in Technical Services, Operations, and Project Development, most recently serving as General Manager of USA Operations for an international mining company with three properties in New Mexico.

Mr. Thomas will assume the responsibilities previously held by Mr. Jeff Smith, COO of THEMAC, who has chosen to retire. Jeff’s connection to the Copper Flat mine is deeply rooted, as his mining journey began there after graduating from university as a Mining Engineer. He returned to the project in 2012 shortly after it was acquired by THEMAC, playing an instrumental role in the company’s efforts to revive the mine. As COO, Jeff played a pivotal role in achieving numerous key milestones, including various feasibility studies, securing critical permits, advancing engineering studies, and fostering strong relationships with stakeholders, all of which significantly contributed to the project’s advancement.

Comment from Andrew Maloney, CEO of The Mac:

“I am delighted to welcome David Thomas to The Mac as our new Executive Vice President of Operations and Development. After a thorough recruitment process, we believe David is the right person with the right experience to lead the company as we advance towards developing the Copper Flats Project. His expertise and leadership in the mining industry make him an invaluable addition to our team, and I am very much looking forward to working closely with him.

I would also like to express our gratitude to Jeff Smith. Jeff has been an integral part of THEMAC, and his dedication and hard work have played a significant role in bringing us to the excellent position we are in today. We were fortunate to have Jeff working with us, and we wish him all the best in his well-deserved retirement. We look forward to continuing our relationship with Jeff as he continues to advise the company.”

ABOUT THEMAC RESOURCES GROUP LIMITED

THEMAC is a copper development company with a strong management team and, as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico, toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC).

FORWARD-LOOKING STATEMENTS

This press release includes “forward-looking information” that is subject to a number of assumptions, risks, and uncertainties, many of which are beyond the control of the Company. Such statements are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events, and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available.

For further information, contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

Website: www.themacresourcesgroup.com

Court Ruling Regarding Water RightsPosted: 09/21/2023 | Posted By: News Resource/Publisher

THEMAC RESOURCES GROUP LIMITED ANNOUNCES COURT RULING REGARDING WATER RIGHTS

Vancouver, British Columbia - September 21, 2023 - New Mexico Copper Corporation (“NMCC”), owned by THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”), has received the decision from the State of New Mexico Third District Court van August 23, 2023 (the “Court”), to reinstate certain water rights for the Copper Flat Project in southern New Mexico (the “Water Rights”).

In September 2021, the Company received a decision from the New Mexico State Court of Appeals with respect to a decision made by the Court in December 2017 which ruled that the Company’s full set of inchoate water rights were extinguished due to an interruption in a plan to develop the rights as required under the State’s Mendenhall Doctrine, and that the Company’s vested water rights at several mine site wells were forfeited or abandoned due to non-use. In an appeal of the District Court’s ruling brought by NMCC and Frost & Gray, the New Mexico State Court of Appeals affirmed the District Court’s ruling in favor of Frost & Gray granting them 861.84 acre feet per year (“afy”), and reversed in part the District Courts rulings regarding the loss of vested rights in the mine site wells, as well as the ruling measuring water rights at the Copper Flat open pit at 34 acre-feet for dust control (the “Previous Decision”). The Appeals Court remanded the matter to the District Court to consider NMCC’s vested rights in certain mine site wells and the open pit.

In the most recent hearing, held June 16, 2022, NMCC and Frost & Gray sought the reinstatement of approximately 898 afy. In a ruling entered August 23, 2023, the District Court recognized the vested rights in seven wells totaling 195.92 afy, as follows:

The Court denied found that NMCC and Frost & Gray did not have any vested rights in the McCravey• Grayback Well and the Dolores (Old El Oro) Well.

The Company’s current water rights now consist of the following:

ABOUT THEMAC RESOURCES GROUP LIMITED

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico, toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR+ www.sedarplus.ca.

FORWARD LOOKING STATEMENTS

This press release includes “forward-looking information” that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Such statements are subject to all of the risks and uncertainties normally incident to such events.Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available. For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

THEMAC RESOURCES GROUP LIMITED ANNOUNCES BOARD APPOINTMENTPosted: 06/08/2023 | Posted By: News Resource/Publisher

​VANCOUVER, BRITISH COLUMBIA – (May 26, 2023) – THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) announces the appointment of Dr. Pierce Carson to the Board of Directors.

Dr. Carson has had an international mining career spanning over 40 years. He has held the positions of Senior Geologist, Overseas Mineral Evaluation, and Exploration Manager, Australia for Exxon Minerals Company; Manager of Precious Metals Exploration, North America for Kennecott Copper Corporation. President and Director of Mining & Exploration Operations in Australia, Papua New Guinea, USA, Canada, and Mexico for Nord Pacific Ltd.; President and Vice-President of Exploration for Nord Resources Corporation, Chief Executive Officer for Santa Fe Gold Corporation and Chief Executive Officer for Magellan Gold Corporation. Currently he is Chief Executive Officer and a director of Continental Lithium Ltd.

Dr. Carson has managed the discovery, financing, development and operation of precious metals, base metals and industrial minerals properties in the U.S., Australia, Africa, and Papua New Guinea. He has been responsible for or closely involved with the development of numerous mineral deposits into active mines. Dr. Carson’s career has included a strong emphasis on exploration and development of copper deposits.

Dr. Carson holds a PhD in Economic and Structural Geology and an MS in Ore Deposits from Stanford University, and a bachelor’s degree in Geology from Princeton University.

Kevin Maloney the Chairman of Directors commented, “We are delighted to welcome Dr. Carson to THEMAC, and we look forward to working with him to pursue our long-term goal of bringing the Copper Flat mine back into profitable production”

Dr. Carson stated, “I am excited to have the opportunity to join the board of THEMAC, and to participate in the development of the Copper Flat mine as final permitting issues are resolved.”

THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico, toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares.

For more information, visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

PETITION FOR FURTHER APPEAL OF NEW MEXICO COPPER CORPORATION’S GROUND WATER DISCHARGE PERMIT DENIEDPosted: 10/04/2022 | Posted By: News Resource/Publisher

​Petition for Further Appeal of New Mexico Copper Corporation’s Ground Water Discharge Permit Denied by New Mexico Supreme Court

TRUTH OR CONSEQUENCES, NEW MEXICO – (October 4, 2022) – The New Mexico Supreme Court has denied a petition for writ of certiorari seeking review of the State Court of Appeals decision affirming the decision of the New Mexico Water Quality Control Commission to approve a groundwater discharge permit (“Permit”) that the New Mexico Environment Department issued to New Mexico Copper Corporation.

On June 15, 2022, Turner Ranch Properties, L.P., Hillsboro Pitchfork Ranch, LLC and Gila Resources Information Project (GRIP) petitioned the New Mexico Supreme Court for a writ of certiorari asking the court to conduct a further review of the Permit. After considering the record of this case, the three-judge panel assigned to review the petition denied the request for a further appeal. All members of the panel concurred in the decision. With this order, all appeals regarding the issuance of DP-1842 have been exhausted, leaving the Copper Flat Mine’s discharge permit in effect.

THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum- gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico, toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 93,064,866).

For more information, visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

THEMAC RESOURCES GROUP LIMITED ANNOUNCES RESIGNATION OF DIRECTORPosted: 08/10/2022 | Posted By: News Resource/Publisher

​Vancouver, British Columbia - JULY 27, 2022 - THEMAC Resources Group Limited (TSX VENTURE: MAC) (“THEMAC” or the “Company”) announces that Mr. Joel Schneyer has resigned from the board of directors effective immediately. Mr. Schneyer has served as a director since February of 2011.

Mr. Andrew Maloney, Chief Executive Officer of the Company stated:“On behalf of the board and management, I would like to take this opportunity to express our gratitude to Joel for his insight, expertise and contribution to the Company over the past decade, we wish him the best in his future endeavors.

ABOUT THEMAC RESOURCES GROUP LIMITED

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a
100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico, toward production with innovation and a sustainable approach to mining development and production,
local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

FORWARD LOOKING STATEMENTS

This press release includes “forward-looking information” that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Such statements are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such
statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available.

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

NEW MEXICO WATER QUALITY CONTROL COMMISSION RECEIVES COURT OF APPEALS DECISIONPosted: 06/23/2022 | Posted By: News Resource/Publisher

​New Mexico Water Quality Control Commission Receives Court of Appeals Decision on New Mexico Copper Corporation Ground Water Discharge Permit

TRUTH OR CONSEQUENCES, NEW MEXICO – (June 23, 2022) – The New Mexico Water Quality Control Commission (WQCC), along with interveners New Mexico Copper Corporation (NMCC), owned by THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) and the New Mexico Environment Department (NMED), received a favorable decision from the New Mexico Court of Appeals on May 16, 2022 upholding the ground water discharge permit, DP-1840, issued by NMED for New Mexico Copper Corporation’s proposed Copper Flat Mine near Truth or Consequences, New Mexico.

A panel of three judges on the Court of Appeals issued a consolidated opinion deciding two separate appeals from the Elephant Butte Irrigation District and Turner Ranch Properties (Turner), Hillsboro Pitchfork Ranch (Pitchfork) and Gila Resources Information Project (GRIP). The judicial appeals were taken from an earlier unanimous 13-0 administrative appeal decision by the WQCC approving of NMED’s issuance of DP-1840. Appellants argued that DP-1840 would cause water contamination levels in excess of state standards and otherwise create a hazard to human health and the environment. They contended the WQCC acted arbitrarily in upholding the permit.

In the Court of Appeals’ consolidated decision, the three-judge panel found that “the Commission did not act arbitrarily, capriciously, or otherwise not in accordance with the law.” The Court of Appeals also affirmed the decisions of NMED and the WQCC that the Copper Flat pit lake projected to exist at the conclusion of mining is a private water body within the meaning of the New Mexico Water Quality Act and “does not constitute a surface water of the state.”

On June 15, 2022, Turner, Pitchfork and GRIP petitioned the New Mexico Supreme Court for a writ of certiorari asking the court to conduct a further review limited to the legal status of the pit lake after mining. The Supreme Court has the discretion to grant or deny the petition. If it grants the petition, the parties will then have an opportunity to brief whether the Court of Appeals’ consolidated decision should be affirmed. If the Supreme Court denies the petition, then all appeals regarding the issuance of DP-1842 will have been exhausted, leaving the Copper Flat Mine’s permit in effect.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico, toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 93,064,866).

For more information, visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive
Officer Phone: +1
505.382.5770 www.themacresourcesgroup.com

NM COPPER CORPORATION RECEIVES COURT OF APPEALS DECISIONPosted: 12/14/2021 | Posted By: News Resource/Publisher

​NM COPPER CORPORATION RECEIVES COURT OF APPEALS DECISION ON THE COMPANY’S WATER RIGHTS FOR ITS COPPER FLAT PROJECT

TRUTH OR CONSEQUENCES, NEW MEXICO – (November 2, 2021) – New Mexico Copper Corporation (NMCC), owned by THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”), received a decision from the New Mexico State Court of Appeals on September 17, 2021, in regard to water rights for the Copper Flat Project in southern New Mexico.

In December 2017, the State of New Mexico Third District Court issued the decision that the Company’s full set of inchoate water rights were extinguished due to an interruption in a plan to develop the rights as required under the State’s Mendenhall Doctrine, and that the Company’s vested water rights at several mine site wells were forfeited or abandoned due to non-use. In an appeal of the District Court’s ruling filed by NMCC and Frost & Gray, the New Mexico State Court of Appeals reversed the Third District Court rulings regarding the loss of vested rights in the mine site wells, as well as the ruling measuring water rights at the Copper Flat open pit at 34 acre-feet for dust control. Both decisions have been remanded for reconsideration.

While affirming the District Court’s decision that the Company has not abandoned their vested water rights at the project’s primary water supply wells, the Court of Appeals decision also affirmed the lower court’s ruling regarding the loss of NMCC’s inchoate rights and upheld the decision to recognize 861.84 acre-feet from the mine water supply wells, an amount significantly lower than what is needed for the Company’s planned operation at Copper Flat. The Company’s appeal cited the Mendenhall Doctrine and argued the Company’s predecessors performed reasonable diligence in pursuing a plan to develop the inchoate water rights.

Cross appellants advocated for the reversal of the lower court’s finding that the Company had not abandoned its water rights. As noted above, the Court of Appeals rejected these arguments and affirmed the lower court’s decision.

“While we are pleased with the affirmances and partial reversals granted by the New Mexico State Court of Appeals, we are disappointed by the decision rendered on our Mendenhall Rights. We are continuing to secure additional water rights and believe there is still a path forward to a more sustainable future for New Mexico through New Mexico Copper Corporation and the Copper Flat Project. The Court of Appeal’s decision does not change our plans to continue advancing the project,” said Andrew Maloney, Chief Executive Officer of THEMAC.

Through the Copper Flat Project—located in Sierra County, New Mexico—NMCC will produce high quality metals to be used in the sustainable energy transition and other new green technologies. Following the ruling, the Company remains dedicated to securing the necessary water rights and to adhering to best management practices to limit water use, as well as to ensuring the environmental protections of the area’s water.

The Company’s hydrogeology consultant experts have prepared an extensive groundwater model to determine effects on neighboring wells and the groundwater table of the Rio Grande. The model, which has been reviewed by the New Mexico Office of the State Engineer (NMOSE), shows no injury to other wells. Additionally, the Company has acquired a lease from the Jicarilla Apache Nation to release 3,000 acre-feet water per year into the Rio Grande to offset effects on the river that may occur when pumping the Company’s groundwater wells. Approved by the United States Department of Interior and the United States Bureau of Reclamation, use of the lease for offset purposes is pending approval from the State of New Mexico. An additional lease agreement that would change the point of diversion for 2,400 acre-feet of water permitted for multiple uses in the Lower Rio Grande Basin to the Copper Flat Mine is pending a hearing by the NMOSE Administrative Hearing Unit, currently scheduled for September 2022.

“Securing the additional water rights needed to support our plan for Copper Flat is our current focus, but New Mexico Copper Corporation and THEMAC remain committed to our overarching goal of ensuring the utmost protection for the environment and our fellow water users in the area,” added Maloney.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico, toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 93,064,866).

For more information, visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

THEMAC APPOINTS PATRICIA MADRID TO ITS WHOLLY OWNED SUBSIDIARY’S BOARD OF DIRECTORSPosted: 11/11/2020 | Posted By: News Resource/Publisher

​THEMAC Appoints Patricia Madrid to its Wholly Owned Subsidiary’s Board of Directors

Former New Mexico Attorney General to Apply Wealth of Knowledge to Copper Flat Project

VANCOUVER, BRITISH COLUMBIA—(October 21, 2020) -THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) is proud to announce the appointment of Patricia Madrid to the Board of Directors of its wholly-owned subsidiary, New Mexico Copper Corporation (NMCC).

Madrid is the former New Mexico Attorney General, serving 2 terms from 1999 through 2006. Madrid became the first woman elected to sit as a district court judge in New Mexico and the first woman elected Attorney General of the State of New Mexico. In 2005, Madrid became the chairperson of the Conference of Western Attorneys General, which focuses on energy, environmental, and consumer protection issues.

“I am happy to join the New Mexico Copper team and assist with development of the Copper Flat Project, which will become a significant source of jobs for Sierra County” said Patricia.

Madrid’s appointment on NMCC’s Board is timely, as the Company has successfully cleared several hurdles to restart operations at Copper Flat, including completion of an Environmental Impact Study by the BLM and issuance of a Groundwater Discharge Permit from the New Mexico Environment Department. NMCC recently completed an update to its Form NI 43-101F1 Technical Report Feasibility Study, which is available on SEDAR (www.sedar.com).

“Patricia’s professional experience and knowledge of New Mexico is a perfect addition to our Board of Directors,” said Andrew Maloney, CEO. “We look forward to her input and helping our team move the Copper Flat Project forward allowing us to provide jobs and economic development to Sierra County and Southern New Mexico,” Maloney added.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico, toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 93,064,866).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

THEMAC RESOURCES GROUP LTD ANNOUNCES AGREEMENT WITH STATE MINING AGENCYPosted: 06/26/2020 | Posted By: News Resource/Publisher

​THEMAC RESOURCES GROUP LTD ANNOUNCES AGREEMENT WITH STATE MINING AGENCY

VANCOUVER, BRITISH COLUMBIA – (June 26, 2020) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) is pleased to announce that New Mexico Copper Corporation (NMCC) and the New Mexico Mining and Minerals Division (MMD) have reached an agreement (“Agreement”) regarding actions needed to proceed with permitting the Copper Flat Mine under the New Mexico Mining Act Rules (the “Agreement”). This has resulted in reinstatement of the Agency’s June 13, 2018, notice of technical approvability of the Company’s Copper Flat Mine Permit Application.

Terms of the Agreement include withdrawal of the MMD March 31, 2020 Order, reinstatement of the June 13, 2018 notice of technical approvability, demonstration from the Company that sufficient water rights have been fully acquired and approved, including water necessary for reclamation and river depletion offsets, demonstration that the Company has obtained or is likely to obtain a dam safety permit for the tailings storage facility, and demonstration that estimated reclamation costs include water needed to accomplish the pit reclamation plan.

The Agreement addresses concerns raised in the MMD Director’s March 31, 2020, Order to NMCC, and resolves an administrative request by the Company for reconsideration of the March 31 Order. In conjunction with the Agreement, the MMD Director issued an Order on June 5, 2020, that withdraws the March 31, 2020, Order. As a result of the Agreement and the June 5, 2020, Order, the Company no longer needs to bring an appeal to the New Mexico Mining Commission.

“We are satisfied with this outcome and thank the MMD Director and staff for the willingness to discuss this matter and develop a solution. We feel the Agreement aligns with our current focus and clearly outlines a path forward. A greener, healthier and more sustainable future relies on the use of copper and we believe that Copper Flat Mine will play an important role in the supply of this critical material while protecting the environment and providing important economic benefits to the local community” said Andrew Maloney, Chief Executive Officer of THEMAC.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico, toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 93,064,866).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone:+1 505.382.5770

www.themacresourcesgroup.com

THEMAC RESOURCES GROUP LTD FILES TECHNICAL REPORT FOR COPPER FLAT PROJECTPosted: 04/13/2020 | Posted By: News Resource/Publisher

​THEMAC RESOURCES GROUP LTD FILES TECHNICAL REPORT FOR COPPER FLAT PROJECT

Vancouver, British Columbia – April 13, 2020 - THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) has, further to its news release of February 28, 2020, completed and filed an updated technical report (“Report”) been filed on SEDAR at www.sedar.com concurrently with the issue of this press release. The Report, compiled by M3 Engineering & Technology Corporation in Tucson, Arizona, provides an update of project economics and permitting for the Copper Flat Mine Project in Sierra County, New Mexico, USA. The Report includes an update to the New Mexico Resource Excise Tax rate and small refinements to mining costs, which results in a slight decrease in the project economics when compared to the February 28 announcement and which are not considered material. Financial return estimates (after tax) from the completed report are summarized in the following table.

Copper Flat is a former producing mine located in Sierra County, New Mexico, approximately 150 miles south of Albuquerque, New Mexico, and 20 miles southwest of the town of Truth or Consequences, New Mexico. Theproject land package comprises 5,077 acres, with the majority of the mineral reserves located on patented mining claims that are wholly owned by THEMAC through its 100% ownership of New Mexico Copper Corporation (NMCC). Technical information in this news release has been reviewed by Richard Zimmerman, R.G. (M3 Engineering), Thomas Drielick, P.E. (M3 Engineering), John Marek, P.E. (Independent Mining Associates), Dave Kidd, P.E. (Golder Associates), and Jeffrey Smith, P.E. (THEMAC Resources) all of whom are Qualified Persons under Canadian NI 43-101.

ABOUT M3 ENGINEERING & TECHNOLOGY CORPORATION

The Feasibility Study Technical Report update was compiled by M3 Engineering & Technology Corporation (M3) of Tucson, Arizona. M3 provides full-service industrial design and EPCM services and is recognized as an industry leader in Feasibility Studies and associated NI 43-101 technical reports.

ABOUT INDEPENDENT MINING CONSULTANTS

Mineral resources, reserves, mine planning, and cost estimating were prepared by IMC of Tucson, Arizona. Since 1983 Independent Mining Consultants, Inc. (IMC) has been recognized worldwide for its expertise in Open Pit Mine Design and Mine Planning as well as Ore Reserve Estimation and Mineral Economics. IMC has worked for large international mining conglomerates, medium sized mines, multiple commodity producers, and exploration firms.

ABOUT GOLDER ASSOCIATES

Engineering, design, and cost estimating of the Copper Flat tailings storage facility were prepared by Golder Associates of Tucson, Arizona. Design of the Copper Flat Mine reclamation plan was prepared by Golder Associates of Albuquerque, New Mexico. Employee owned since being founded in 1960, Golder Associates Inc. provides engineering and environmental consulting services to mining, energy and natural resource industries. Golder has conducted similar studies and engineering evaluations in the southwestern US and internationally.

ABOUT THEMAC RESOURCES GROUP LIMITED

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico, toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 93,064,866).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

FORWARD LOOKING STATEMENTS

Certain information contained or incorporated by reference in this press release, including any information as to THEMAC’s future financial or operating performance, the likelihood and timing of commercial production, construction of plant, and obtaining required permits, statements with respect to the estimation of mineral resources and reserves, expanding mineral reserves and mineral resources, the realization of mineral reserve and mineral resource estimates, the timing and amount of estimated future production, capital costs, costs of production, metal or mineral recoveries, mine life and production rates, capital expenditures and success of mining operations, expected IRR and NPV constitute “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “believe”, “expect”, “anticipate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by THEMAC, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such assumptions include the specific assumptions set out in this press release and in the Report, that future capital and operating costs will be in line with THEMAC’S assumptions, that mineral resource and mineral reserve estimates prove accurate, permits required to commence production will be obtained on a timely basis, copper, molybdenum, gold and silver prices will remain consistent with THEMAC’s expectations, that there are no changes in THEMAC’s development plans as new information is received, that THEMAC will be able to access financing, equipment and sufficient labor to carry out its planned business. Known and unknown factors could cause actual results to differ materially from those projected in the forward- looking statements. Such factors include, but are not limited to: fluctuations in the currency markets; fluctuations in the spot and forward price of copper, molybdenum, gold, and silver; volatility in the price of fuel and electricity; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in Canada and the USA; business opportunities that may be pursued by THEMAC; operating or technical difficulties in connection with mining or development activities; employee relations; litigation; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits; uncertainty surrounding the availability of water rights required for mining operations which, if not secured, could result in changes to the proposed plan for development of Copper Flat; contests over title to properties, particularly title to undeveloped properties; failure of processing and mining equipment to perform as expected; labor disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results; the assumptions upon which the estimation of mineral resources and reserves prove inaccurate, which could lead to a restatement of reserves and resources;; changes in project parameters as plans continue to be refined; possible variations in ore reserves, grade of mineralization or recovery rates may differ from what is indicated and the difference may be material; legal and regulatory proceedings and community actions; accidents, title matters; regulatory restrictions; permitting and licensing; volatility of the market price of Common Shares; insurance; competition; and hedging activities. In addition, there are risks and hazards associated with the business of exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave - ins, flooding and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks. Many of these uncertainties and contingencies can affect actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, THEMAC. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. THEMAC disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable laws. “Operating cost per pound of copper”, “Life-of-mine sustaining capital”, “IRR” and similar terms are alternative performance measures. These performance measures are included because these statistics are key performance measures that management may use to monitor performance. Management may use these statistics in future to assess how THEMAC is performing to plan and to assess the overall effectiveness and efficiency of mining operations. These performance measures do not have a meaning within International Financial Reporting Standards (“IFRS”) and, therefore, amounts presented may not be comparable to similar data presented by other mining companies. These performance measures should not be considered in isolation as a substitute for measures of performance in accordance with IFRS.

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THEMAC RESOURCES GROUP LTD RESPONDS TO UNEXPECTED STATE AGENCY ORDERPosted: 04/09/2020 | Posted By: News Resource/Publisher

​THEMAC RESOURCES GROUP LTD RESPONDS TO UNEXPECTED STATE AGENCY ORDER

VANCOUVER, BRITISH COLUMBIA – (April 9, 2020) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) announces that the Director of the New Mexico Mining and Minerals Division (MMD) on March 31, 2020, issued an Order rescinding an earlier notice of technical approvability of the Copper Flat Permit Application Package for a mining permit under Part 6 of the New Mexico Mining Act and reopening Department review of the Copper Flat application. The MMD Order is based on uncertainty about obtaining sufficient water rights to fully implement the plan for Copper Flat and reopens the permit review process to consideration of the Company’s demonstration that sufficient water rights have been fully acquired and approved, including water necessary for reclamation and river depletion offsets, demonstration that the Company has obtained or is likely to obtain a dam safety permit for the tailings storage facility, and demonstration that estimated reclamation costs include water needed to accomplish the pit reclamation plan. The MMD Order includes a notice of Company’s right to petition for an administrative review. The Company is currently reviewing the specifics of the Order to determine a response.

“We are surprised and disappointed in the change of course taken in the Director’s Order. In 2018, the Director of the MMD formally concluded that the Company’s application was technically approvable, and we strongly believe there have been no changes in circumstances that would justify this recent action. We have acknowledged every step of the way what still requires attention prior to permit issuance, and we remain committed to addressing those aspects. A greener, healthier and more sustainable future relies on the use of copper and we believe that Copper Flat Mine will play an important role in the supply of this critical material while protecting the environment and providing important economic benefits to the local community” said Andrew Maloney, Chief Executive Officer of THEMAC.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico, toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 93,064,866).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone:+1 505.382.5770

www.themacresourcesgroup.com

THEMAC RESOURCES GROUP ANNOUNCES UPDATE OF PROJECT ECONOMICS AND PERMITTING FOR COPPER FLAT PROJECTPosted: 02/28/2020 | Posted By: News Resource/Publisher

THEMAC RESOURCES GROUP LTD ANNOUNCES UPDATE OF PROJECT ECONOMICS AND PERMITTING FOR COPPER FLAT PROJECT

Vancouver, British Columbia - February 28, 2020 - THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) announced today an update of project economics and permitting for the Copper Flat Mine Project in Sierra County, New Mexico, USA. A technical report titled “Copper Flat Project, Form NI 43-101F1 Technical Report Project Feasibility Study Update” meeting the CIM definitions for a feasibility study to support this announcement is being prepared by M3 Engineering & Technology Corporation in Tucson, Arizona. The Technical Report will be issued within 45 days of the date of this news release. When complete, the Report will be available on SEDAR (www.sedar.com) and on the Company’s website (www.themacresourcesgroup.com).

All amounts and quantities presented in this report are stated in United States Dollars and US standard units unless labeled otherwise.

Copper Flat is a former producing mine located in Sierra County, New Mexico, approximately 150 miles south of Albuquerque, New Mexico, and 20 miles southwest of the town of Truth or Consequences, New Mexico. The project land package comprises 5,077 acres, with the majority of the mineral reserves located on patented mining claims that are wholly owned by THEMAC through its 100% ownership of New Mexico Copper Corporation (NMCC).

HIGHLIGHTS

· Recent updates of Project capital and operating costs produced the following financial return estimates:

At the federal level, the US Bureau of Land Management completed a seven-year environmental review of the proposed mine and has issued environmental clearance to proceed with the Company proposed operation. Addditionally, the US Army Corps of Engineers has authorized the Copper Flat Mine to operate under the Nationwide Permit 44 for mining activities.

Multiple state permits have been received. Approval by the New Mexico Mines and Minerals Division of the Energy, Minerals, and Natural Resources Department of a Company financial guarantee for reclamation and closure of the site after mining is required to obtain the Mining Permit; when that step is accomplished, the Copper Flat Mine will be a fully permitted facility.

The Company has filed an appeal of the State of New Mexico Third District Court ruling that invalidated a large percentage of 7,500 acre-feet of inchoate water rights. That appeal has been assigned to the New Mexico Court of Appeals and awaits a court date to hear oral arguments. Meanwhile, a 2019 lease agreement has secured more than half of the water supply required to operate the project.

“We are pleased that Copper Flat remains a viable project. Since the last economic study, the team has made excellent progress on obtaining the necessary permits to operate the mine. Now that the updated feasibility is complete, we will be focusing on funding to enable us to develop the mine.” said Andrew Maloney, CEO.

FINANCIAL SUMMARY

The economic update includes financial analysis on two metal price scenarios: 1) The base case using a long-term copper price of $3.25/lb; and 2) a price upside case using a long-term copper price of $3.60/lb. All other metal prices are held constant between the two scenarios.

The financial return table below is after tax, unlevered and with no escalation in commodity prices.with no escalation in commodity prices.

THEMAC RESOURCES GROUP RECEIVES IMPORTANT U.S. ARMY CORPS AUTHORIZATION FOR THE COPPER FLAT MINEPosted: 02/20/2020 | Posted By: News Resource/Publisher

THEMAC RESOURCES GROUP RECEIVES IMPORTANT U.S. ARMY CORPS AUTHORIZATION FOR THE COPPER FLAT MINE

VANCOUVER, BRITISH COLUMBIA - (February 20,2020)- THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”),through its wholly-owned subsidiary New Mexico Copper Corporation (NMCC), has received notice that its plans for the Copper Flat Mine in Sierra County, NM, are authorized by Nationwide Permit 44 for Mining Activities. The notice and authorization were issued by the U.S. Army Corps of Engineers (Corps).

The Army Corps of Engineers administers the permitting program under Section 404 of the Federal Water Pollution Control Act of 1972, also known as the Clean Water Act, which establishes a program to regulate the discharge of dredged or fill material into waters of the United States, including wetlands. Section 404 requires a permit before dredged or fill material may be discharged into waters of the United States. The Corps may authorize activities resulting in minimal effects under a nationwide permit such as the Nationwide Permit 44 which applies to mining.

The Company began working towards obtaining Corps approval in January 2017. In addition to project designs, the Corps also considered impacts to threatened and endangered species and to historic properties before making its determination that the mine can proceed under Nationwide Permit 44.

The Army Corps’ authorization is one of several approvals needed for the Copper Flat Mine. Other approvals received to date include BLM completion of the Federal Environmental Impact Statement (EIS) in April 2019 followed by the BLM Record of Decision (ROD) in August 2019. In addition to completion of the EIS and issuance of the ROD, the Company has also received an Air Quality New Source Review Permit and a Groundwater Discharge Permit, both from the New Mexico Environment Department. The Mines and Minerals Division (MMD) of the New Mexico Energy, Minerals, and Natural Resources Department deemed the Company’s application for a Mining Permit technically approvable and the required public hearing has been held. Agency approval and posting of a financial guarantee for reclamation and closure of the site after mining is required to complete the Mining Permit. The Company’s reclamation and closure plan is complete as part of the permit application; calculations for reclamation and closure costs have been reviewed with the Agency and the Company is now preparing the financial guarantee plan. Upon completion of the MMD Mining Permit, the Copper Flat Mine will be a fully permitted facility.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico, toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 93,064,866).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone:+1 505.382.5770

www.themacresourcesgroup.com

THEMAC RESOURCES GROUP ANNOUNCES SIGNIFICANT REGULATORY DECISIONS FOR THE COPPER FLAT MINEPosted: 08/22/2019 | Posted By: News Resource/Publisher

THEMAC Resources Group Limited (TSX VENTURE:MAC), through its wholly-owned
subsidiary New Mexico Copper Corporation (NMCC), is pleased to announce two significant
and positive regulatory decisions for its Copper Flat Mine Project in Sierra County, New Mexico.

BLM Issues Decision on the Copper Flat Mine Project FEIS Project recognized as a great example of working collaboratively with the State of New Mexico, industry and local communities to sustainably develop public land resources

The Bureau of Land Management (BLM) on August 22, 2019, issued a positive decision on the
Copper Flat Copper Mine Project (Project).

The BLM decision approves a mine alternative from the Final Environmental Impact Statement
(FEIS) that matches plans used for permit applications filed with the State. The FEIS was
prepared in conjunction with several cooperating state agencies including: the New Mexico
Department of Game and Fish; the New Mexico Environment Department; the New Mexico
Energy, Minerals and Natural Resources Department; and the New Mexico Office of the State
Engineer. The FEIS, released to the public in April 2019 following nearly eight years of study,
analyzed the potential environmental effects for several different alternatives.

The BLM decision approves open pit mining and 30,000 tons per day mineral processing by
sulfide flotation at the Company’s Copper Flat Property in Sierra County NM. Through the EIS,
the BLM determined that implementation of the approved alternative along with Company
commitments to environmental monitoring and protection measures will not cause unnecessary
or undue degradation of public lands and the Agency has determined the decision is consistent
with other applicable legal requirements.

In announcing the decision, the BLM recognized that the Copper Flat Mine will enhance
economic development by creating jobs and enabling community growth.
The full Copper Flat FEIS and Record Of Decision are available for viewing at:
https://eplanning.blm.gov/epl-frontoffice/eplanning/planAndProjectSite.do?methodName=dispatchToPatternPage&currentPageId=
112703

Copper Flat Mine Groundwater Discharge Permit Upheld After Two-Day Appeal Hearing
Decision rejects first-ever appeals of a discharge permit since Copper Rule adopted in 2013

The New Mexico Water Quality Control Commission (WQCC) has announced a decision to
affirm the New Mexico Environment Department (NMED) issuance of a groundwater discharge
permit for the Copper Flat Mine.

On August 13, the WQCC heard arguments and responses to Commission questioning from
attorneys with New Mexico Copper Corporation and NMED as well as from two petitioners
opposed to the groundwater discharge permit.

The petitioners filed two administrative appeals asking the WQCC to review the groundwater discharge permit (DP-1840) granted by NMED to Copper Flat Mine in Sierra County. The petitioners argued six separate points and requested a reversal of the permit or a remand to the Environment Department to either deny the permit or impose additional conditions.

However, after the hearing the Commission passed a motion unanimously upholding Copper
Flat’s discharge permit without change. All thirteen members of the Commission present at the
hearing voted in favor of the positions advanced by NMCC and NMED in defending against the
two appeals.

With this decision, the WQCC rejected what was the first ever appeals of a comprehensive
discharge permit issued for new copper mining facilities under the Commission’s detailed and
technically stringent Copper Rule that was adopted in 2013.

“We are very happy with this pair of decisions. These actions, taken by two independent
agencies at the federal and state level, show that our commitment to protection of the
environment is real. We have prepared our plans and permit applications with great care and
followed the rigorous requirements of federal and state rules, including the New Mexico Copper
Rule that provides significant groundwater protection,” said Jeff Smith, Chief Operating Officer
of THEMAC Resources Group Limited and New Mexico Copper Corporation.
About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18,
2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New
Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County,
New Mexico, toward production with innovation and a sustainable approach to mining development
and production, local economic opportunities, and the best reclamation practices for our
unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has
issued share capital of 79,400,122 common shares (fully diluted share capital 93,064,866).

For more information please visit www.themacresourcesgroup.com or review the Company’s
filings on SEDAR (www.sedar.com).

Forward Looking Statements

This news release may contain certain information that constitutes forward looking statements.
Forward looking statements are frequently characterized by words such as “plan,” “expect,”
“project,” “intend,” “believe,” “anticipate” and other similar words, or statements that certain events
or conditions “may” or “will” occur, including statements regarding planned work on the Copper
Flat Property. Forward looking statements are based on the opinions and estimates of
management at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ materially from
those projected in the forward looking statements. These factors include the inherent risks
involved in the exploration and development of mineral properties, the uncertainties involved in
interpreting drilling results and other geological data, fluctuating metal prices, the availability of
funds to complete work programs and studies, and other factors described above. The Company
disclaims any obligation to update or revise any forward looking statements if circumstances or
management’s estimates or opinions should change. The reader is cautioned not to place undue
reliance on forward looking statements.

For further information contact:

THEMAC Resources Group Limited
Andrew Maloney
Phone: +44 7539 466703

THEMAC Resources Group is Granted the Groundwater Discharge PermitPosted: 01/25/2019 | Posted By: News Resource/Publisher

​THEMAC Granted Groundwater Discharge Permit

VANCOUVER, BRITISH COLUMBIA - (January 25, 2019) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”), through its wholly-owned subsidiary New Mexico Copper Corporation (NMCC), has been granted a Groundwater Discharge Permit by the New Mexico Environment Department (NMED). The purpose of a Groundwater Permit is to protect the environmental quality of New Mexico’s groundwater resources as mandated by the Water Quality Act and the New Mexico Ground and Surface Water Protection Regulations.

The Company submitted a final application for a Groundwater Discharge Permit in October 2015. After two years of review, NMED published a proposed Discharge Permit for the Copper Flat Mine in February 2018. NMED invited public review and comment on the draft Discharge Permit and held five days of public hearing on the proposed Permit in September. In addition to the hearings, the NMED also provided an opportunity for the public to submit written comment on the proposed permit. Verbal and written comments were collected by NMED and considered when writing the Permit for the Copper Flat Mine.

The Groundwater Discharge Permit is one of several permits needed for the Copper Flat Mine. Currently, the Company has received an Air Quality New Source Review Permit and a Groundwater Discharge Permit, both from the New Mexico Environment Department. The Company’s application for a Mining Permit, issued by the Mines and Minerals Division of the New Mexico Energy, Minerals, and Natural Resources Department, has been determined to be technically approvable by the Agency and the required public hearing has been held. In addition to State Permits, a status update posted on the BLM website states the Agency is moving forward with a Final EIS; however progress on the EIS has been affected by the ongoing partial shutdown of several federal agencies.

THEMAC CEO Andrew Maloney notes “We are very pleased to have reached this milestone in the permitting process and look forward to working with the NMED to ensure that all requirements are metduring the operation of Copper Flat. We benefited from the work of our world class experts who prepared and supported this permit application and know that this effort was successful in large part due to the dedication and perseverance of our entire team. Copper Flat mining and reclamation plans are backed by strong science and a commitment to responsible stewardship; we are happy to see this recognized in NMED’s granting of DP-1840 and to have this tangible progress towards securing all necessary permits for the Mine.”

About THEMAC Resources Group Limited THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico, toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 93,425,316).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

THEMAC Permitting UpdatePosted: 08/30/2018 | Posted By: News Resource/Publisher

​VANCOUVER, BRITISH COLUMBIA - (August 30, 2018) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”), through its wholly-owned subsidiary New Mexico Copper Corporation (NMCC), is currently engaged in securing two important state operating permits: a Groundwater Discharge Permit (focused on groundwater protection) from the New Mexico Environment Department (NMED); and a New Mine Permit to regulate mine operation and reclamation from the New Mexico Mining and Minerals Division (NMMMD).

The Company submitted an application for a Groundwater Discharge Permit to NMED in October 2015. After two years of review, NMED published a proposed Discharge Permit for the Copper Flat Mine in February 2018. NMED has invited public review and comment on the draft Discharge Permit and the Agency has scheduled a hearing on the proposed Discharge Permit for the week of September 24 in Truth or Consequences, NM.

The Company has also applied to NMMMD for a mining permit under the State New Mine Regulations. This process, which started in 2012, includes an agency approved sampling and analysis plan, collecting and reporting base line data, and a detailed description of the mine operation and reclamation plan. NMMMD has reviewed Company submittals, and the Agency has prepared a Draft Environmental Evaluation of the mine and reclamation plan. In a letter dated July 13, 2018, NMMMD gave notice to the Company that the Copper Flat Mine Permit Application Package is technically approvable. The Agency is now collecting public comments on the plan and has scheduled a public
hearing on the Mine in Sierra County during the dates of October 23 - 26, 2018.

The Copper Flat Mine Plan is also being evaluated by the Bureau of Land Management (BLM) through the development of a National Environmental Policy Act (NEPA) compliant Environmental Impact Statement (EIS). The BLM released the Draft EIS on the Copper Flat Copper Mine Project in November 2015, hosted two public meetings, and allowed 120 days for public comment on the Draft EIS. In early 2018, following receipt of comments and follow up by the BLM, the Agency indicated its intention to move forward to a Final EIS with the following statement posted on the Agency webpage for the Copper Flat EIS: “The timeline for the Final EIS is tentatively scheduled for the summer of 2018, but is subject to the review and approval of the Biological Assessment by the U.S. Fish and Wildlife Service.” BLM is consulting with the US Fish and Wildlife Service in the development of the Biological Assessment as
noted on their website.

THEMAC CEO Andrew Maloney notes “Our progress with permitting is noteworthy. We have passed several important milestones on the way to bringing the Copper Flat Mine to production and we are gaining momentum. We have developed responsible plans for mining and reclamation at Copper Flat and we are confident that we are on the right path to permitting the Mine.”

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are continuing to
advance the closed copper mine, Copper Flat, in Sierra County, New Mexico, toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 93,425,316).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone:+1 505.382.5770

www.themacresourcesgroup.com

THEMAC INCREASES LOAN AMOUNT WITH TULLA RESOURCES GROUPPosted: 05/29/2018 | Posted By: News Resource/Publisher

​VANCOUVER, BRITISH COLUMBIA—(May 29, 2018) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (”THEMAC” or the “Company”) announces an increase in the loan amount under a loan agreement effective July 1, 2017, between its wholly owned subsidiary, New Mexico Copper Corporation (“NMCC”) and the Company’s controlling shareholder, Tulla Resources Group Pty Ltd. (“Tulla”) to a principal amount of USD$3,000,000 (the “Loan”). The Loan bears interest, which is recoverable at the discretion of Tulla, at 20% per annum. The principal amount of the Loan and any accrued interest is to be repaid by NMCC on demand (which demand cannot be made before June 30, 2019) and upon certain conditions of default, and is unsecured. THEMAC has agreed to guarantee repayment of the Loan.

The Loan will provide NMCC with general working capital while it progresses its permitting processes and establishes its water rights.

Tulla is the controlling shareholder of the Corporation. Tulla is controlled by Kevin Maloney, a member of the Board of Directors. Andrew Maloney, the CEO of the Company, is also an officer and shareholder of Tulla. Neither the Loan nor the Guarantee will affect the percentage of securities of the Company controlled by Tulla or is associates. The Loan and Guarantee were approved by the independent directors of the Company.

The Company treated the Loan and the Guarantee as a related party transaction. As the Company is subject to TSX Venture Exchange Policy 5.9, which incorporates Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”), the Company is relying on the exemption from the minority shareholder approval requirements provided for under Section 5.7(f) of MI 61-101 for loans made on commercially reasonable terms that are not convertible or repayable in equity or voting securities of the Company.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico, toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 93,925,416).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Corporation’s control that may cause actual results or performance to differ materially from those currently anticipated in such statements.

THEMAC RECEIVES JUDICIAL DECISION ON WATER RIGHTSPosted: 01/03/2018 | Posted By: News Resource/Publisher

​VANCOUVER, BRITISH COLUMBIA—(January 3, 2018) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) announces that on December 28, 2017, the State of New Mexico Third District Court rendered its decision in respect of the water rights associated with the Copper Flat Project. Water resources are carefully managed and controlled in the Western United States, and appropriation of water rights for use by the Copper Flat Project is managed by the Office of the State Engineer for New Mexico (NMOSE). NMOSE considered 896.29 acre-feet to have been perfected through historical actual use by the Mine, far below the amount required for the operation. NMCC disagreed with NMOSE, and in a water rights adjudication suit, separate and apart from the NMOSE, the Company asked the court to adjudicate to them the following water rights:

1. The Company argued it had vested water rights in 696 afy that the Company acquired pursuant to an Option and Purchase Agreement between the Company’s wholly owned subsidiary, New Mexico Copper Corporation (“NMCC”) and Hydro Resources Corporation dated July 23, 2009, as amended, pursuant to which the Company acquired the Copper Flat Project (the “Hydro Resources Agreement”);

2. Confirmation that the Company had vested water rights in 1,267 afy that the Company acquired pursuant to an Option and Purchase Agreement between NMCC, and William and Linda Frost and Harris Gray dated September 9, 2010 (the “Frost and Gray Agreement”), of which the NMOSE conceded the Company held 896.29 afy; and

3. The Company argued that it had a right to continue to develop a water right in the mine because its predecessors had never given up the idea of opening the mine under the right financial conditions. This right to develop the mine was under what is called an “inchoate water right”. If fully developed it would be an amount of 7,578 afy that was acquired pursuant to the Frost and Agreement. Gray Agreement and the Hydro Resources The Company has complied with the terms of the Hydro Resources Agreement and the Frost and Gray Agreement.

The Company’s adjudication request was based on historical records and the Mendenhall Doctrine, an accepted legal argument in the State of New Mexico regarding pre-water basin claims to water (if a groundwater right was initiated prior to the declaration of a groundwater basin, but not placed to beneficial use at the time of declaration, an appropriator is allowed to place the groundwater to beneficial use after the declaration of a groundwater basin, so long as the appropriator does so pursuant to the original plan of development and with reasonable diligence).

The Company’s adjudication request was opposed by an adjoining landowner, Turner Ranch Properties, L.P. (“TRP”), and certain other local residents In the water rights adjudication suit, TRP argued for a determination that all of the Company’s water rights, other than a water element in the existing pit, had been extinguished because they had not been pursued with reasonable diligence. The arguments of the parties were heard at a trial during the week of March 15, 2016 and during the last week of June, 2016. Final briefs were submitted in January 2017.

In its decision, the Court determined that:

1. The previous owners of the Copper Flat Project and other mining companies that were successors in interest had not pursued a continuing plan to bring the property into production. Accordingly, the court determined that the Mendenhall Doctrine did not apply to the water rights because there was no continuous reasonable diligence to place the water rights to use at the mine.

2. Frost and Gray have vested water rights in 861.84 afy, which NMCC has the option to purchase pursuant to the Frost and Gray Agreement

3. NMCC’s other assertion of ownership of an additional 696 afy acquired as part of the purchase of the Copper Flat Project from Hydro Resources were found to be extinguished as a result of abandonment, other than a stock right in one well and a water element of the 34 afy associated with the open pit.

4. The inchoate Mendenhall water rights acquired pursuant to the Frost and Gray Agreement and the Hydro Resources Agreement have also been extinguished because of a lack of due diligence by the predecessors in placing the water to beneficial use.

The Company is disappointed with the determination of the Court. The vested water rights that the Court has determined exist fall far short of the requirements for the Copper Flat Project. However, the Mendenhall doctrine as a source of the right to pump from the wells owned by the Company is only one option for the Company to move forward. The Company is considering whether to appeal the decision.

Even though the decision is a setback, the critical issue in obtaining a water permit in New Mexico is whether pumping the wells for a specified period of time will cause injury to other water users. Those issues have been thoroughly addressed. The expert hydrologists for the Company have worked closely to determine how pumping from the Company’s wells might deplete the Rio Grande as it moves south

toward Texas. The Company has completed models that have been reviewed by the NMOSE and over which there is no disagreement. These models show the effects on the Rio Grande To offset those effects, the Company has acquired a lease from the Jicarilla Nation to release water 3000 acre feet into the Rio Grande. This lease has been authorized by the United States Department of Interior and the United States Bureau of Reclamation.

The Company has also evaluated the effects on all neighboring wells and there was no evidence at the trial of any injury to any other well. Finally, the Company committed in the EIS process to ensure that no existing well user in the area will be denied a water supply. These commitments are known to all regulatory agencies having jurisdiction, including the NMOSE.

In summary, all of the river and environmental protections for other water users are in place and remain in place. This will be the main consideration for the NMOSE. The decision as to the inchoate Mendenhall Rights has no effect on the protections of other water users that are in place. Nor does the decision have any effect on other options for the Company.

The Company intends to continue to advance permitting of the Copper Flat Project while identifying the most effective path forward to securing access to necessary water rights.

About THEMAC Resources Group Limited
THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico, toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and best practices reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 93,925,416).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney
Chief Executive

Officer Phone: +1 505.382.5770

www.themacresourcesgroup.com

NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS RELEASE. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-Looking Information Caution

This news release contains certain forward-looking information within the meaning of Canadian securities legislation. Forward looking information provided in this news release includes statements regarding the Company’s options for securing additional water rights, expectations with respect to the effect of the use of water for the Company’s operations, the Company’s intentions to proceed with the permitting and obtaining additional water rights. The Company cautions that forward-looking information is based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if management’s beliefs, estimates or opinions, or other factors, should change, except as required by law. There are numerous risks and uncertainties that could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information. There is no guarantee that the Company will be successful in its appeals, if any, or in otherwise securing additional water rights. The failure to secure additional water rights would have a material adverse effect on the Company. The reader is urged to refer to the Company’s public disclosure which is available through the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.

THEMAC ANNOUNCES SHARE OPTION GRANTPosted: 09/12/2017 | Posted By: News Resource/Publisher

​VANCOUVER,

BRITISH COLUMBIA—(September 12, 2017) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (”THEMAC” or the “Company”) announces the grant of share options (the “Options”) under its Share Option Plan to purchase an aggregate of 4,448,000 common shares of the Company at an exercise price of $0.05 per share for a five year term expiring September 12, 2022. The Options were granted to directors, officers, employees and consultants of the Company and are subject to any necessary regulatory approvals. The Options vest as of the date of grant.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico, toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 88,977,316).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS RELEASE.THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

THEMAC ANNOUNCES DEBT ASSIGNMENTPosted: 07/04/2017 | Posted By: News Resource/Publisher

​VANCOUVER, BRITISH COLUMBIA—(July 4, 2017) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (”THEMAC” or the “Company”) announces that it has assigned to its wholly owned subsidiary, New Mexico Copper Corporation (“NMCC”) a loan agreement dated February 28, 2011, as amended (the “Loan”) between the Company and the Company’s controlling shareholder, Tulla Resources Group Pty Ltd. (“Tulla”). The Loan is payable upon demand, is unsecured, and bears interest at 20% per annum. At the time of assignment, the amount outstanding on the Loan consists of the principal amount of CAD$43,770,000 and CAD$34,690,000 in accrued
interest. The assignment was agreed to by Tulla.

The Company assigned the debt to its subsidiary in order to better reflect the ongoing business arrangements of the Company and NMCC, and the ongoing funding requirements of NMCC. The assignment is not expected to affect the Company’s business operations. The Company has provided a guarantee of the repayment of the Loan.

Tulla is the controlling shareholder of the Corporation. Tulla is controlled by Kevin Maloney, a member of the Board of Directors. Andrew Maloney, the CEO of the Company, has interests through a parent entity of Tulla. The assignment of the Loan will not affect the percentage of securities of the Company controlled by Tulla or is associates. The Loan assignment was approved by the independent directors of the Company. The transaction was completed immediately following board approval, in order to facilitate reporting requirements, and less than 21 days after filing of the material change report in respect of the transaction.

The Company treated the assignment of the Loan as a related party transaction. The Company is subject to TSX Venture Exchange Policy 5.9, which incorporates Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on the exemption from the minority shareholder approval requirements provided for under Section 5.7(f) of MI 61-101 for loans made on commercially reasonable terms that are not convertible or repayable in equity or voting securities of the Company.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico, toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 88,977,316).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

Opinion Editorial - Project Status UpdatePosted: 06/30/2017 | Posted By: News Resource/Publisher

​Copper Flat Mine – Project Update

New Mexico Copper Corporation (NMCC) continued its focus on the Environmental Impact Statement (EIS) and state permit applications. Our objective remains to acquire all federal and state permits to begin construction of the Copper Flat Mine. The great amount of support we receive from the community has been a strong driving force
behind our continued effort to move the project forward.

At the federal level, the Bureau of Land Management (BLM) is preparing the final Environmental Impact Statement for release later this year. We have worked diligently in addressing comments and questions collected during the public comment and hearing period. Applications for the NMED Water Discharge Permit and the MMD Mine Permit have been submitted to the respective agencies and each is now undergoing technical review by the respective agencies. We are also engaged in discussions with the New Mexico State Engineer over the contents of a permit for the operation water supply. Pertaining to the water rights litigation, the trial was concluded earlier this year and a verdict by the presiding judge is expected soon.

The Copper Flat Mine will have a positive impact on Sierra County and New Mexico at large. To date, NMCC has invested $55 million in the project, and we anticipate investing another $350 million to bring this project to reality. After construction, our operating plans detail a 12 year operation, along with a real potential to extend the operation for additional years through further analysis of existing data. Our plans include completing reclamation concurrently with production where possible, including areas disturbed in the past, and following production we are planning for another decade or more to complete site reclamation and monitor the site for proper closure.

The Copper Flat Mine will be a significant economic contributor to Sierra County and to New Mexico through job creation, ongoing investment and corporate taxation. During operation, we will hire approximately 275 employees, and an economic study completed by the New Mexico State University Arrowhead Center shows many more indirect and induced jobs will be created in Sierra County and the State. Local, state, and federal taxes from the mine are projected to total$175 million over the life of the mine, of which $53 million will be paid into the State Treasury.

NMCC remains committed to developing the Copper Flat Mine. With the continued help and support of the Sierra County community we will ensure the Copper Flat Mine is a success. We are eager to create jobs for Sierra County residents and generate tax revenues that will help the county grow. We are excited to continue our work this upcoming year; most of all, we are dedicated to enriching the lives of our neighbors in Sierra County through community sponsorships, supporting charitable causes, and
forging closer ties with those who live here.

Jeffrey Smith

Chief Operating Officer

New Mexico Copper Corporation

THEMAC Enters into Amending Loan Agreement with Tulla Resources Group Pty LtdPosted: 05/29/2017 | Posted By: News Resource/Publisher

​VANCOUVER, BRITISH COLUMBIA—(May 29, 2017) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) is pleased to announce that the Company has entered into an Amending Loan Agreement (the “Amending Agreement”) with Tulla Resources Group Pty Ltd. (“Tulla”). Tulla will increase its loan under the previously amended loan agreement dated February 21, 2017 (the “Tulla Loan”) with THEMAC from its amount of CAD$43,500,000 to CAD$44,500,000.

The Tulla Loan is due on demand and accrues interest at a rate of 20% per annum.

The advance from Tulla is a related party transaction under TSX Venture Exchange Policy 5.9 because Tulla is a control person of the Company. The Company is relying on the exemption from the requirement to obtain a valuation on the basis that the Issuer is not listed on a market specified under MI 61-101, and the Company is relying on the exemption from minority shareholder approval provided under MI 61-101 in relation to loans made on commercially reasonable terms which are not convertible into
voting or equity securities of the Company.

The Amending Agreement was approved by the independent directors of the Company.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 89,052,316).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

Congratulations To The Hot Springs High School Class of 2017Posted: 05/15/2017 | Posted By: News Resource/Publisher

​

The Sierra County Sentinel 50th AnniversaryPosted: 03/27/2017 | Posted By: News Resource/Publisher

​

THEMAC Enters into Amending Loan Agreement with Tulla Resources Group Pty LtdPosted: 02/21/2017 | Posted By: News Resource/Publisher

​VANCOUVER, BRITISH COLUMBIA—(February 21, 2017) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) is pleased to announce that the Company has entered into an Amending Loan Agreement (the “Amending Agreement”) with Tulla Resources Group Pty Ltd. (“Tulla”). Tulla will increase its loan under the previously amended loan agreement dated October 20, 2016 (the “Tulla Loan”) with THEMAC from its amount of CAD$42,300,000 to CAD$43,500,000.

The Tulla Loan is due on demand and accrues interest at a rate of 20% per annum.

The advance from Tulla is a related party transaction under TSX Venture Exchange Policy 5.9 because Tulla is a control person of the Company. The Company is relying on the exemption from the requirement to obtain a valuation on the basis that the Issuer is not listed on a market specified under MI 61-101, and the Company is relying on the exemption from minority shareholder approval provided under MI 61-101 in relation to loans made on commercially reasonable terms which are not convertible into
voting or equity securities of the Company.

The Amending Agreement was approved by the independent directors of the Company.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 89,052,316).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

NM Political Report - Questions remain as company seeks to re-open long-defunct copper minePosted: 01/24/2017 | Posted By: News Resource/Publisher

​By Laura Paskus

Turning off I-25, south of Truth or Consequences, drivers head west through long, open stretches of creosote bush and honey mesquite.

On stormy days the scent of rain on that Chihuahuan desert scrub sneaks its way into cars and trucks, even through closed windows. It’s only a 30-minute drive from the interstate to Hillsboro, but the trip is reminder that small communities in the southwestern part of the state still have a close relationship with the land—and with history.

Only about 100 people live in Hillsboro, which today includes a smattering of houses and galleries, a post office and the General Store and Cafe on the south side of Percha Creek.

But at its peak in the 1880s, the town was more than 10 times that size. Hillsboro was a mining town—thanks to the gold discovered in the Mimbres Mountains—that from
1884 until the 1930s was the county seat of Sierra County.

Now, New Mexico Copper Corporation, a subsidiary of THEMAC Resources Group, is trying to reopen a copper mine that ran for just a few months in the early 1980s. And some residents say they don’t want that to happen.

“It’s not universal in our little community, but our group decided that it’s detrimental to the environment, and its use of water would have impacts on us,” said Hillsboro resident Max Yeh.

Yeh is worried that if the mine reopens, it would be a “huge source” of pollution—harming the area’s groundwater and streams, causing noise pollution and affecting
local air quality. According to the company’s plans, the mine would produce about 100 million tons of copper ore over its estimated 16-year long lifetime, and the existing pit would be enlarged from 102 to 169 acres.

Yeh acknowledged that supporters of the mine say it will bring jobs to the area. But he said that despite romantic notions about 19th century mining, the Copper Flat mine wouldn’t be a “pick and shovel” operation but instead a heavily mechanized, open pit mine.

Already, an open pit carves out the landscape from when the mine operated briefly more than 30 years ago.

If Copper Flat reopened, Yeh said, “it will leave a huge scar on the site that will never be able to be used for anything else.”

Flooded with concerns

According to a statement from THEMAC’s Chief Operating Officer, Jeff Smith, the mine won’t harm the area’s groundwater or streams. He said the mine is designed to be a “zero discharge facility,” and added that the new tailings facility, process pipelines and the fuel and process tanks will be constructed in lined facilities.

He also said that Sierra County, the towns of Williamsburg and Elephant Butte and more than 50 state legislators support the project.

Last year, opponents and supporters of reopening the copper mine had the chance to offer their opinions and technical advice on a draft environmental study released by
the U.S. Bureau of Land Management. Under the National Environmental Policy Act, or NEPA, federal agencies are required to study major projects like mines and the impacts they might have before approving them.

Released in November 2015, the draft Environmental Impact Study (EIS) for the Copper Flat mine looked at how the proposed open pit mine—and its mill, waste rock pile, stockpile and associated facilities—might affect everything from local water supplies and wildlife to the economy.

At the time, comments flooded in, especially as area ranchers and residents grew worried about the large amount of water the company plans to use. The project
even sent tremors along the the Lower Rio Grande more than 15 miles away—and as far downstream as Las Cruces.The Elephant Butte Irrigation District and the New Mexico Pecan Growers, for example, both commented that pumping groundwater for the mine could affect water rights owned by its members along the Rio Grande. Comments also came in from U.S. Sens. Martin Heinrich and Tom Udall and the U.S. Environmental Protection Agency.

In its February 2016 letter to the federal Bureau of Land Management, the New Mexico Interstate Stream Commission noted that BLM didn’t adequately consider the project’s impacts on New Mexico’s ability to meet its Rio Grande water delivery requirements to Texas.

Under the 1938 Rio Grande Compact, Colorado, New Mexico and Texas share the river’s waters. In a case currently before the U.S. Supreme Court, Texas has sued New Mexico, claiming that by pumping groundwater that’s connected to the river, New Mexico is taking water that legally belongs to Texas.

Typically, the public has 45 days to comment on projects like this. With Copper Flat, BLM extended the comment period twice, to a total of 120 days. In the end, the agency
received more than 1,000 comments, BLM’s Land and Minerals Supervisor Doug Haywood said.

Once the comment period closed, the agency evaluated each comment it received. BLM employees responded to issues the best they could, said Haywood, and then referred others to the company.

Currently, BLM is awaiting the company’s answers to about a dozen questions.

“When we originally sent the list [of questions to the company], it was in the 20s to 30s,” Haywood said. “We cannot make our next decision until we get those answers.”

Fish, pits and water transfers

The decision in question is whether BLM will allow the company to move into the next phase—completing a final EIS—or require that it slow down and write a supplemental report.

Under the National Environmental Policy Act (NEPA), a Supplemental EIS is required if a project changes substantially or new information arises.

According to the New Mexico Environmental Law Center, the draft EIS is insufficient under NEPA. NMELC attorney Jaimie Park said the draft study didn’t include adequate
baseline data for wildlife and endangered species or the area’s groundwater resources. She added that models underestimated the mine’s future impacts on nearby wells and streams like Percha Creek and Las Animas Creek, a tributary to the Rio Grande that flows across Ladder Ranch.

The center represents Turner Ranch Properties; Turner’s Ladder Ranch is adjacent to the mine.

She also said new information has come to light since the Draft EIS was released in November 2015.

Park said that the mining company claims that the existing pit lake—which is about 39 feet deep and covers 5.2 acres—will be expanded only onto private, rather than BLM, land.

That might relieve the company from certain state water quality requirements.

The company has also agreed to lease 3,000 acre-feet of San Juan-Chama water from the Jicarilla Apache Nation in northwestern New Mexico. The tribe has rights to water that is piped in tunnels from the San Juan River and into the Chama River, which flows into the Rio Grande near Española.

According to the agreement, that water wouldn’t be used at the mine, but would “offset” water depletions in the Lower Rio Grande. That is, it would replace water that is lost to the river because of pumping.

That lease, signed July 14, 2015, also includes a provision that New Mexico Copper Corporation will give hiring preference to tribal members.

The Draft EIS, said Park, doesn’t account for impacts that water transfer from the tribe to the company would have.Lastly, Park said that BLM didn’t provide the U.S. Fish and Wildlife Service with information related to endangered species until after the draft study had been published, and just weeks before the public comment period ended in early April.

In a July 6, 2016 response to BLM, the Fish and Wildlife Service questioned how groundwater pumping might affect rare fish in Percha and Las Animas creeks.

The Fish and Wildlife Service enforces the federal Endangered Species Act.

The agency also raised concerns over groundwater pumping impacts on the Lower Rio Grande—and noted that any further loss of Rio Grande Cutthroat Trout in Las Animas Creek might trigger the species to become listed for protection under the Endangered Species Act. For now, Haywood said the BLM has to wait for the company to finish answering all its questions before it can decide whether the next step will be a Final EIS or a Supplemental EIS.

Update: A representative from New Mexico Copper Corporation did not respond to requests for comment before press time, but we updated the story the day after
original publication with a statement from THEMAC’s chief operating officer.

The Importance Of CopperPosted: 01/16/2017 | Posted By: News Resource/Publisher

​

THEMAC ANNOUCES BOARD OF DIRECTOR CHANGESPosted: 12/07/2016 | Posted By: News Resource/Publisher

​VANCOUVER, BRITISH COLUMBIA—(December 7, 2016) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) announces the departure of Mr. Kenneth Pickering from the Board of Directors.

Andrew Maloney, CEO, stated “Ken Pickering has contributed substantially to the advancement and development of the Copper Flat Project. The Board expresses its gratitude and appreciation for the knowledge and experience Ken has provided to THEMAC during his tenure. We wish him the best in his future endeavours.”

Ms. Deborah Peacock has been appointed to the Board of Directors of THEMAC. Ms. Peacock was appointed to the Board of Directors of New Mexico Copper Corporation, THEMAC’s wholly-owned subsidiary, in 2014.

Ms. Peacock is the current President/CEO and Managing Partner at Peacock Myers, P.C., the largest intellectual property firm in New Mexico. She is a Registered Patent Attorney, licensed in New Mexico, New York, and Colorado; and a Registered Professional Engineer (PE) in New Mexico and Colorado. Before graduating from Harvard
Law School, Peacock worked as a Metallurgical Engineer with Kennecott Copper Utah Division and previously at a cassiterite mine/mill in Tasmania, Australia. Peacock represents natural resources companies worldwide, regarding leading edge technologies, business, and intellectual property strategies.

Andrew Maloney, CEO, also stated “Deborah Peacock has been an incredible asset to the Board as it works through the permitting and regulatory process in New Mexico. The Board of Directors looks forward to her continued involvement with THEMAC.”

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 89,252,316).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

THEMAC Enters into Amending Loan Agreement with Tulla Resources Group Pty LtdPosted: 10/21/2016 | Posted By: News Resource/Publisher

​VANCOUVER, BRITISH COLUMBIA—(October 21, 2016) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) is pleased to announce that the Company has entered into an Amending Loan Agreement (the “Amending Agreement”) with Tulla Resources Group Pty Ltd. (“Tulla”). Tulla will increase its loan under the previously amended loan agreement dated May 2, 2016 (the “Tulla Loan”) with THEMAC from its amount of CAD$40,000,000 to CAD$42,300,000.

The Tulla Loan is due on demand and accrues interest at a rate of 20% per annum.

The advance from Tulla is a related party transaction under TSX Venture Exchange Policy 5.9 because Tulla is a control person of the Company. The Company is relying on the exemption from the requirement to obtain a valuation on the basis that the Issuer is not listed on a market specified under MI 61-101, and the Company is relying on the exemption from minority shareholder approval provided under MI 61-101 in relation to loans made on commercially reasonable terms which are not convertible into voting or equity securities of the Company.

The Amending Agreement was approved by the independent directors of the Company.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 89,052,316).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone:+1 505.382.5770

www.themacresourcesgroup.com

THEMAC TERMINATES LETTER OF INTENT WITH CHINESE INVESTORPosted: 08/31/2016 | Posted By: News Resource/Publisher

​VANCOUVER, BRITISH COLUMBIA—(August 31, 2016) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) announces that it has terminated the letter of intent dated April 26, 2016 (the “LOI”) with Yunnan Halilaya Nonferrous Metal Import and Export Co. Ltd. (“Yunnan Halilaya”), of Kunming, Yunnan Province, PRC, previously announced on April 28, 2016. Yunnan Halillaya’s progress towards completing its obligations under the LOI were not to the Company’s satisfaction. Accordingly, THEMAC made the determination to terminate the LOI, and seek alternative arrangements for financing the development of the Company’s Copper Flat Project.

About THEMAC Resources Group Limited THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 89,252,316).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources GroupLimited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

THEMAC Enters into Amending Loan Agreement with Tulla Resources Group Pty LtdPosted: 05/02/2016 | Posted By: News Resource/Publisher

​VANCOUVER, BRITISH COLUMBIA—(May 2, 2016) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) is pleased to announce that the Company has entered into an Amending Loan Agreement (the “Amending Agreement”) with Tulla Resources Group Pty Ltd. (“Tulla”). Tulla will increase its loan under the previously amended loan agreement dated February 24, 2016 (the “Tulla Loan”) with THEMAC from its amount of CAD$39,200,000 to CAD$40,000,000.

The Tulla Loan is due on demand and accrues interest at a rate of 20% per annum.

The advance from Tulla is a related party transaction under TSX Venture Exchange Policy 5.9 because Tulla is a control person of the Company. The Company is relying on the exemption from therequirement to obtain a valuation on the basis that the Issuer is not listed on a market specified under MI 61-101, and the Company is relying on the exemption from minority shareholder approval provided under MI 61-101 in relation to loans made on commercially reasonable terms which are not convertible into voting or equity securities of the Company.

The Amending Agreement was approved by the independent directors of the Company.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back
into production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 89,252,316).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

THEMAC ENTERS INTO LETTER OF INTENT WITH YUNNAN HALILIYAPosted: 04/28/2016 | Posted By: News Resource/Publisher

​VANCOUVER, BRITISH COLUMBIA—(April 28, 2016) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) announces that it has entered into a letter of intent effective as at 26 April, 2016 (the “LOI”) with Yunnan Haliliya Nonferrous Metal Import and Export Co. Ltd. (“Yunnan Haliliya”). The LOI is the first step towards establishing a framework for investment by Yunnan Haliliya in the Company’s wholly owned subsidiary, New Mexico Copper Corporation (“NMCC”), through which the Company holds a 100% interest in the Copper Flat project in New Mexico (the “Project”).
The LOI sets out Yunnan Haliliya’s expression of interest in making an initial investment of US$6m to acquire a 6.85% interest in NMCC or the Project. The Company will use the funds from the initial investment to advance the permitting at Copper Flat and initial work on the development of the Project. Yunnan
Haliliya has also expressed an interest in providing a further investment to assist in funding the construction and development of the mine and processing plant
at the Project. The terms of that additional investment have not yet been determined.

The letter of intent provides that Yunnan Haliliya will have 120 daysto (i) conduct due diligence in respect of the project, (ii) to conduct and prepare, in consultation with NMCC, an economic study on the Project at various production rates (the “Study”), and (iii) negotiate a definitive agreement for the initial investment in the project (the “Definitive Agreement”). The costs of the due diligence and the Study will be to the account of Yunnan Haliliya. Execution of the Definitive Agreement is subject to each party being satisfied with the results of the economic study, and to the negotiation of terms satisfactory to each party.

The LOI contemplates that the Definitive Agreement will provide for investment through the Company’s wholly owned subsidiary, New Mexico Copper Corporation (“NMCC”). It will be a term of the Definitive Agreement (if concluded) that Yunnan Halilaya will have the ability to invest USD$6 million to acquire a 6.85% interest in NMCC. The parties have also agreed that they will discuss the terms on which Yunnan Haliliya may be able to increase their interest in NMCC to 51%. The terms of this additional investment have not yet been agreed upon and the decision to sell an additional stake to take Yunnan Haliliya to a 51% interest in NMCC is subject to the ultimate consent of THEMAC.

There is no guarantee that a Definitive Agreement will be concluded, or that Yunnan Haliliya will make any investment in NMCC or the Project.

Moelis & Company is advising THEMAC and NMCC in relation to this investment.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 89,252,316).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone:

+1 505.382.5770

www.themacresourcesgroup.com

Opinion Editorial - Project Status UpdatePosted: 04/08/2016 | Posted By: News Resource/Publisher

​Copper Flat Mine – Project Update – Opinion Editorial

It has been a long standing goal for New Mexico Copper Corporation (NMCC) to always be open and transparent with the Sierra
County community. Over the past several years, Sierra County has been an active participant in the process of bringing the Copper Flat Mine closer to opening its doors. Most recently, with the release of the Draft Environmental Impact Statement (DEIS), Sierra County residents and others across the state and beyond have submitted their comments to the BLM. The comment period spanned over four months and officially ended on April 4^th, 2016.

It goes without saying; the success of the Copper Flat Mine is a direct reflection of the support it receives from the community. NMCC continues to be overwhelmed by the staunch support of Sierra County and its residents. For that, we extend our most sincere appreciation and thanks. We wanted to take this opportunity to provide an update on the Project’s status within the context of overall permitting, project development, and a general timeline of when the mine can expect to become operational.

With the conclusion of the DEIS public comment period, the BLM and the third party contractor will spend some time reviewing
and developing responses to the comments submitted and further revise the EIS. Following the development of responses to comments, a Preliminary Final EIS will be prepared and will enter into another multi-layered internal BLM review process. Subsequently, an Administrative Final EIS will be compiled and reviewed once again by BLM staff as well as State agencies. Once the BLM has developed the Final EIS, a Notice of Availability (NOA) & Press Release are then prepared and the Final EIS is sent to print. The Final EIS will include all of the BLM’s responses to public comment. In the Draft EIS the BLM identified Alternative 2 as the Preferred Alternative and NMCC supports this decision. Once the NOA and Final EIS are released there will be a thirty day
protest period followed by the Draft and Final Record of Decision (ROD) announcing BLM’s final decision regarding the proposed operation. If all steps move forward with no significant interruptions, it is reasonable to expect a ROD by the end of the 2016 or early 2017.

Alongside the federal EIS process, NMCC continues to advance work on the state permits. NMCC has initiated the Discharge Permit application and expects to receive the permit during the same timeframe the EIS ROD is received. Furthermore, the New Mine Permit is expected to be received six months following the EIS and Discharge Permit. The goal is to have acquired all necessary permits by mid-2017 and complete all necessary engineering designs by the end of 2017 to begin construction. Construction will be an 18-24 month process, which will place operations to commence in late 2019.

It is no secret that the mining sector – more specifically copper – is experiencing a downturn in demand given the current state of the global economy. This has naturally resulted in a decrease in copper prices, which raises a number of concerns regarding the continued feasibility of the project. It is important to note that historically, copper prices have always experienced high and low cycles. We, among many other analysts as well as copper producers, believe in the long term value of copper. Professionals in the
fields of market analysis and forecast project copper prices to begin rebounding within the next three to five years. We believe this would place Copper Flat in a unique position to enter the market during an upward trajectory in copper prices.

NMCC is firmly committed to developing and operating the Copper Flat Mine. With the help and support of the Sierra County community we are a step closer to achieving this goal. We hope to become a positive force in boosting Sierra County’s economic growth by creating high paying jobs and generating tax revenues. We look forward to being good neighbors by supporting educational programs and students, sponsoring social and charitable causes, and practicing high standards of safety and environmental responsibility.

Jeffrey Smith Chief Operative Officer

New Mexico Copper Corporation

Chamber of Commerce Holds Annual BanquetPosted: 03/23/2016 | Posted By: News Resource/Publisher

​

Update on Comment Period for Draft Environmental Impact StatementPosted: 03/03/2016 | Posted By: News Resource/Publisher

​VANCOUVER, BRITISH COLUMBIA—(March 3, 2016) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) announces that the United States Department of Interior Bureau of Land Management has extended the comment period for the Draft Environmental Impact Statement (“EIS”) until April 4, 2016.

The Companypreviously announced the release of the Draft EIS in a news release datedNovember 25, 2015.

The Draft EIS can be viewed at www.blm.gov/nm/copperflateis along with information for submission of comments and public hearings.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 140,919,038).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

THEMAC Enters into Amending Loan Agreement with Tulla Resources Group Pty LtdPosted: 02/26/2016 | Posted By: News Resource/Publisher

​VANCOUVER, BRITISH COLUMBIA—(February 26, 2016) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) is pleased to announce that the Company has entered into an Amending Loan Agreement (the “Amending Agreement”) with Tulla Resources Group Pty Ltd. (“Tulla”). Tulla will increase its loan under the previously amended loan agreement dated October 15, 2015 (the “Tulla Loan”) with THEMAC from its amount of CAD$37,900,000 to CAD$39,200,000.

The Tulla Loan is due on demand and accrues interest at a rate of 20% per annum.

The advance from Tulla is a related party transaction under TSX Venture Exchange Policy 5.9 because Tulla is a control person of the Company. The Company is relying on the exemption from the requirement to obtain a valuation on the basis that the Issuer is not listed on a market specified under MI 61-101, and the Company is relying on the exemption from minority shareholder approval provided under MI 61-101 in relation to loans made on commercially reasonable terms which are not convertible into voting or equity securities of the Company.

The Amending Agreement was approved by the independent directors of the Company.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back
into production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122
common shares (fully diluted share capital 141,959,262).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

Frequently Asked Questions - Part IIPosted: 02/17/2016 | Posted By: News Resource/Publisher

​

Frequently Asked QuestionPosted: 01/14/2016 | Posted By: News Resource/Publisher

​

THEMAC Announces Release of Draft Environmental Impact StatementPosted: 11/25/2015 | Posted By: News Resource/Publisher

​VANCOUVER, BRITISH COLUMBIA—(November 25, 2015) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) is pleased to announce that the United States Department of Interior Bureau of Land Management (“BLM”) has released the Draft Environmental Impact Statement (“EIS”) for the Copper Flat Project, opening a 45-day public comment period.

The BLM has prepared the Draft EIS in conjunction with its four Cooperating Agencies: the New Mexico Department of Game and Fish, New Mexico Environment Department, New Mexico Energy, Minerals and Natural Resources Department, and New Mexico Office of the State Engineer.

THEMAC, through its subsidiary New Mexico Copper Corporation, is seeking approval from the BLM to bring the closed copper mine, Copper Flat, located near Hillsboro, New Mexico, back into production. The 2,190-acre project requires access to BLM-managed public land and private property, for the production of copper, gold, silver, and molybdenum. The Draft EIS presents the mine plan for the proposed re-start of Copper Flat as well as two alternative mine plan scenarios and evaluates the environmental impact of the proposed action alternatives.

Since the kickoff of the National Environmental Policy Act (NEPA) mandated Environmental Impact Statement process in January of 2012, the BLM has reviewed the proposed mining plan and alternatives as well as the results of environmental studies and surveys in the area regarding air quality, climate, geologic setting, ground water, soils, surface water, vegetation, wildlife, and a number of other topics. The Draft EIS presents BLM’s findings regarding the potential environmental impacts of the proposed re-start of Copper Flat Mine for public review and comment.

Should the Copper Flat Mine be brought back into production it is expected to provide a significant economic boost to the state of New Mexico and Sierra County through job creation and tax revenues. If construction proceeds, we expect the Project would create approximately 1,300 direct, indirect and induced jobs. Once in operation, the proposed Copper Flat Mine is expected to generate approximately 250-275 direct jobs. The estimated total tax paid over construction and the mine life is approximately $175 million; $53 of which will go to the state of New Mexico.

“The release of the Draft EIS is an important milestone for the proposed Copper Flat Mine.” said CEO Andrew Maloney. “We are pleased to have reached this stage and to advance the permitting process for Copper Flat in accordance with Federal and State regulations.”

With the release of the Draft EIS, the BLM is commencing a 45-day comment period. The comment period will end on January 19, 2016. Members of the public will have the opportunity to learn about and comment on the proposed Project at two public meetings in New Mexico.

The Draft EIS can be viewed at www.blm.gov/nm/copperflateis along with information for submission of comments and public hearings.

The qualified person under NI 43-101 responsible for the review of the technical content of this news release is Mr. Jeffrey Smith, P.E., Chief Operating Officer of the Company.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are continuing to advance the closed copper mine, Copper Flat, in Sierra County, New Mexico toward production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 142,295,727).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

Cautionary Note on Forward-Looking Information. This news release includes forward looking statements and information. Forward looking information can be identified by words such as ‘estimate’, ‘expect’, ‘anticipate’, ‘believe’, and similar expressions are intended to identify forward-looking statements, and in this news release include statements: regarding the economic impact of the Copper Flat Mine to the State of New Mexico; statements regarding our intention to continue with permitting, and statements regarding our intention to bring the Copper Flat Mine back into production. Such statements are used to describe management’s future plans, objectives, expectations and goals for the Company and the Copper Flat Project, and, therefore, involve inherent risks and uncertainties. The Company’s plans and expectations for the Copper Flat Project are based on the assumptions made in the feasibility study entitled “Copper Flat Project – Form 43-101 Technical Report Feasibility Study” dated “November 21, 2013” available on SEDAR, and in the socioeconomic study prepared by the Company and available on the Company’s website, included the estimates of cost and timeframes set out therein. The Shareholders and prospective investors should be aware that the forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements, including those risks and uncertainties set out in the Company’s management discussion and analysis for period ended September 30, 2015. Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation
to update publicly or otherwise revise any forward-looking information whether
as a result of new information, future events, or such factors which affect
this information, except as required by law.

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

Village of Williamsburg - Resolution of SupportPosted: 10/27/2015 | Posted By: News Resource/Publisher

​STATE OF NEW MEXICO

VILLAGE OF WILLIAMSBURG

RESOLUTION NO. 2015-2

Supporting the mining of copper, molybdenum, gold, and silver within the confines of Sierra County, specifically supporting Copper Flat Mine

WHEREAS, Sierra County has a richand productive history in New Mexico’s mining industry and is endowed with natural resources including copper.

WHEREAS, it is the mission of the Villageof Williamsburg Board of Trustees to encourage industry to locate and createjobs that increases the economic base of Sierra County and harvests our naturalresources in a responsible fashion; and,

WHEREAS, The U. S. Department of the Interior Bureau of Land Management Las Cruces District Office is undertaking a comprehensive environmental study of the impact of the planned construction, operation, and mine reclamation of the Copper Flat Mine near Hillsboro, New Mexico; and,

WHEREAS, it is the desire of the Village of Williamsburg Board of Trustees to inform the BLM Las Cruces District Office of our support for the Copper Flat Mine and the
need for the economic benefits the mine will provide and the knowledge that the operators will utilize proven technologies that provide community safeguards and balance environmental stewardship.

NOW THEREFORE, BE IT RESOLVED that the Village of Williamsburg Board of Trustees supports and encourages the granting of stateand federal permits needed to facilitate the operation of Copper Flat Mine inthe County. PASSED,ADOPTED AND APPROVED THIS 27thday of October, 2015.

<<

Sierra County Resolution of SupportPosted: 10/27/2015 | Posted By: News Resource/Publisher

​STATE OF NEW MEXICO

SIERRA COUNTY

RESOLUTION NO. 2015-2

Supporting the mining of copper, molybdenum, gold, and silver within the confines of Sierra County, specifically supporting Copper Flat Mine

WHEREAS, Sierra County has a rich and productive history in New Mexico’s mining industry and is endowed with natural resources including copper.

WHEREAS, it is the mission of the Sierra County Board of Commissioners to encourage industry to locate and create jobs that increases the economic base of Sierra County and harvests our natural resources in a responsible fashion; and,

WHEREAS, The U. S. Department of the Interior Bureau of Land Management Las Cruces District Office is undertaking acomprehensive environmental study of the impact of the planned construction,operation, and mine reclamation of the Copper Flat Mine near Hillsboro, NewMexico; and,

WHEREAS, it is the desire of the Sierra County Board of Commissioners to inform the BLM Las Cruces District Office of our support for the Copper Flat Mine and the need
for the economic benefits the mine will provide and the knowledge that the operators will utilize proven technologies that provide community safeguards and balance
environmental stewardship.

NOW THEREFORE, BE IT RESOLVED thatthe Sierra County Board of Commissioners supports and encourages the grantingof state and federal permits needed to facilitate the operation of Copper FlatMine in the County.PASSED,ADOPTED AND APPROVED THIS 27thday of October, 2015.

THEMAC Enters into Amending Loan Agreement with Tulla Resources Group Pty LtdPosted: 10/19/2015 | Posted By: News Resource/Publisher

​VANCOUVER, BRITISH COLUMBIA—(October 19, 2015) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) is pleased to announce that the Company has entered into an Amending Loan Agreement (the “Amending Agreement”) with Tulla Resources Group Pty Ltd. (“Tulla”). Tulla will increase its loan under the previously amended loan agreement dated August 19, 2015 (the “Tulla Loan”) with THEMAC from its amount of CAD$37,100,000 to CAD$37,900,000.

The Tulla Loan is due on demand and accrues interest at a rate of 20% per annum.

The advance from Tulla is a related party transaction under TSX Venture Exchange Policy 5.9 because Tulla is a control person of the Company. The Company is relying on the exemption from the requirement to obtain a valuation on the basis that the Issuer is not listed on a market specified under MI 61-101, and the Company is relying on the exemption from minority shareholder approval provided under MI 61-101 in relation to loans made on commercially reasonable terms which are not convertible into voting or equity securities of the Company.

The Amending Agreement was approved by the independent directors of the Company.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 142,295,727).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

City of Elephant Butte Resolution of SupportPosted: 10/15/2015 | Posted By: News Resource/Publisher

​CITY OF ELEPHANT BUTTE

RESOLUTION # 2015-02

A RESOLUTION SUPPORTING THE COPPER FLAT MINE

WHEREAS, the New Mexico Copper Corporation is in the permitting process to establish the Copper Flat Mine to recover copper, molybdenum, gold and silver in Sierra County; and

WHEREAS, it is the desire of the City of Elephant Butte to encourage economic development in the area that benefits jobcreation; and

WHEREAS, these potential competitive paying jobs will keep our younger generation in the community and will have a multiplier effect on the region’s economy allowing other industries to thrive and businesses that provide goods and services; and

WHEREAS, a healthy and sustainable economy improves the quality of life for all residents in the City of Elephant Butte; and

WHEREAS, the U. S. Department of the Interior Bureau of Land Management Las Cruces District Office is undertaking a comprehensive environmental study of the impact of the planned construction, operation, and mine reclamation of the Copper Flat Mine near Hillsboro, New Mexico; and

WHEREAS, it is the desire of the City of Elephant Butte to inform the BLM Las Cruces District Office of our support for the Copper Flat Mine and the need for the economic benefits the mine will provide and the knowledge that the operators will utilize proven technologies that provide community safeguards and balance environmental stewardship.

NOW THEREFORE, BE IT RESOLVED that the City of Elephant Butte supports and encourages the granting of state and federal permits needed to facilitate the establishment of Copper Flat Mine in Sierra County.

Rotary Club of Truth or Consequences,NMPosted: 10/14/2015 | Posted By: News Resource/Publisher

A Resolution Supporting The Copper Flat Mine

WHEREAS, the New Mexico Copper Corporation is in the permitting process to establish the Copper Flat Mine to recover copper, molybdenum, gold and silver in Sierra County; and WHEREAS, it is the desire of the Rotary Club of T or C to encourage economic development in the area that benefits job creation; and WHEREAS, these potential competitive paying jobs will keep our younger generation in the community and will have a multiplier effect on the region’s economy allowing other industries to thrive and businesses that provide goods and services; and

WHEREAS, a healthy and sustainable economy improves the quality of life for all residents in the City of Truth or Consequences; and

WHEREAS, the U. S. Department of the Interior Bureau of Land Management Las Cruces District Office is undertaking a comprehensive environmental study of the impact of the planned construction, operation, and mine reclamation of the Copper Flat Mine near Hillsboro, New Mexico; and

WHEREAS, it is the desire of the Rotary Club of T or C to inform the BLM Las Cruces District Office of our support for the Copper Flat Mine and the need for the economic benefits the mine will provide and the knowledge that the operators will utilize proven technologies that provide community safeguards and balance environmental stewardship.

NOW THEREFORE, BE IT RESOLVED that the Rotary Club of T or C supports and encourages the granting of state and federal permits needed to facilitate the establishment of Copper Flat Mine in Sierra County.

THEMAC Enters into Amending Loan Agreement with Tulla Resources Group Pty LtdPosted: 08/20/2015 | Posted By: News Resource/Publisher

​VANCOUVER, BRITISH COLUMBIA—(August 20, 2015) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) is pleased to announce that the Company has entered into an Amending Loan Agreement (the “Amending Agreement”) with Tulla Resources Group Pty Ltd. (“Tulla”). Tulla will increase its loan under the previously amended loan agreement dated March 1, 2015 (the “Tulla Loan”) with THEMAC from its amount of CAD$36,600,000 to CAD$37,100,000.

The Tulla Loan is due on demand and accrues interest at a rate of 20% per annum.

The advance from Tulla is a related party transaction under TSX Venture Exchange Policy 5.9 because Tulla is a control person of the Company. The Company is relying on the exemption from the requirement to obtain a valuation on the basis that the Issuer is not listed on a market specified under MI 61-101, and the Company is relying on the exemption from minority shareholder approval provided under MI 61-101 in relation to loans made on commercially reasonable terms which are not convertible into voting or equity securities of the Company.

The Amending Agreement was approved by the independent directors of the Company.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 142,295,727).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group
Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

THEMAC Enters into Amending Loan Agreement with Tulla Resources Group Pty LtdPosted: 03/11/2015 | Posted By: News Resource/Publisher

​VANCOUVER, BRITISH COLUMBIA—(March 11, 2015) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) is pleased to announce that the Company has entered into an Amending Loan Agreement (the “Amending Agreement”) with Tulla Resources Group Pty Ltd. (“Tulla”). Tulla will increase its loan under the previously amended loan agreement dated July 1, 2014 (the “Tulla Loan”) with THEMAC from its amount of CAD$35,000,000 to CAD$36,600,000.

The Tulla Loan is due on demand and accrues interest at a rate of 20% per annum.

The advance from Tulla is a related party transaction under TSX Venture Exchange Policy 5.9 because Tulla is a control person of the Company. The Company is relying on the exemption from the requirement to obtain a valuation on the basis that the Issuer is not listed on a market specified under MI 61-101, and the Company is relying on the exemption from minority shareholder approval provided under MI 61-101 in relation to loans made on commercially reasonable terms which are not convertible into voting or equity securities of the Company.

The Amending Agreement was approved by the independent directors of the Company.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 143,342,194).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

THEMAC Issues Shares for DebtPosted: 01/13/2015 | Posted By: News Resource/Publisher

​Vancouver, British Columbia – January 13, 2015 – THEMAC Resources Group Limited (TSXV:MAC) (“THEMAC” or the “Company”) wishes to announce that, further to the news release on December 15, 2014, THEMAC has completed share issuances under the previously announced shares-for-debt agreements. 2,908,000 common shares have been issued to six directors to settle $145,400 in aggregate debt. The shares issued are subject to a four-month hold period.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team which acquired the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA in May 2011. The Company is committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 79,400,122 common shares (fully diluted share capital 143,342,194).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +44 7539 466703

Neither
the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.

THEMAC Announces Debt SettlementPosted: 12/15/2014 | Posted By: News Resource/Publisher

​Vancouver, British Columbia – December 15, 2014 – THEMAC Resources Group Limited (TSXV:MAC) (“THEMAC” or the “Company”) wishes to announce that the Directors of the Company have agreed to reduce outstanding directors’ fees of $145,400 by issuing 2,908,000 common shares of the Company at a price of $0.05 per common share.

The settlement reflects the maximum allowable shares issuable for the directors’ fees. The Directors are cognizant of the need to direct available funds to the development of the Copper Flat project.

The transaction is subject to regulatory approvals.The shares issued will have a hold period of four months from the date of distribution in compliance with TSX Venture Exchange policies and applicable securities law.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team which acquired the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA in May 2011. The Company is committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 76,492,122 common shares (fully diluted share capital 140,938,359).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +44 7539 466703

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THEMAC Enters into Amending Loan Agreement with Tulla Resources Group Pty LtdPosted: 11/14/2014 | Posted By: News Resource/Publisher

​VANCOUVER, BRITISH COLUMBIA—(November 14, 2014) - THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) is pleased to announce that the Company has entered into an Amending Loan Agreement (the “Amending Agreement”) with Tulla Resources Group Pty Ltd. (“Tulla”). Tulla will increase its loan under the previously amended loan agreement dated June 29, 2013 (the “Tulla Loan”) with THEMAC from its amount of CAD$30,000,000 to CAD$35,000,000.

The Tulla Loan is due on demand and accrues interest at a rate of 20% per annum.

The advance from Tulla is a related party transaction under TSX Venture Exchange Policy 5.9 because Tulla is a control person of the Company. The Company is relying on the exemption from the requirement to obtain a valuation on the basis that the Issuer is not listed on a market specified under MI 61-101, and the Company is relying on the exemption from minority shareholder approval provided under MI 61-101 in relation to loans made on commercially reasonable terms which are not convertible into voting or equity securities of the Company.

The Amending Agreement was approved by the independent directors of the Company.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 76,492,122 common shares (fully diluted share capital 140,938,359).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group
Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

THEMAC Appoints Mr. Mark McIntosh as CFOPosted: 10/15/2014 | Posted By: News Resource/Publisher

​Vancouver, British Columbia – October 15, 2014 – THEMAC Resources Group Limited (TSXV:MAC) (“THEMAC” or the “Company”) is pleased to announce the appointment of Mr. Mark McIntosh as its Chief Financial Officer.

Mr. McIntosh is an Australian licensed Chartered Account of eight (8) years. He joined THEMAC as Chief Financial Officer in October 2014. Concurrently with his position at THEMAC, Mark is the Group Chief Financial Officer of Tulla Group, a group associated with the Company’s majority shareholder. Prior to joining Tulla Group Mark had in excess of 10 years in public accounting practice, most recently as a Manager at KPMG Australia, providing corporate finance and transaction advisory services.

Mr. McIntosh takes over as CFO from Ms. Elena Carnes, who has left THEMAC to pursue other interests. The Company thanks Ms. Carnes for her contributions to THEMAC and wishes her well in her future endeavors.

The Company has granted 495,835 stock options to an officer of the Company at an exercise price of $0.05 per share which expire June 29, 2018.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team which acquired the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA in May 2011. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 76,492,122 common shares (fully diluted share capital 140,434,194).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Phone: +44 7539 466703

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

‘THEMAC Announces Offers of Judgment fromor the New Mexico Office of the State EngineerPosted: 09/12/2014 | Posted By: News Resource/Publisher

​Vancouver,

British Columbia – September 12, 2014 – THEMAC Resources Group Limited (TSXV:MAC) (“THEMAC” or the “Company”) announces its Offer of Judgment from the New Mexico Office of the State Engineer (NMOSE) for the Copper Flat Mine in Hillsboro, New Mexico, USA.

New Mexico Copper Corporation (NMCC), wholly-owned subsidiary of THEMAC, received two Offers of Judgment this past month from the NMOSE.The Offers of Judgment award NMCC a total of 896.29 acre feet per annum. The recognized amount is an increase from the previous amount of 888.873 acre feet per annum.

The amount of water rights recognized by NMOSE is below the Company’s declared water rights of 7,481 acre-feet per annum. The Company will pursue an expedited inter se proceeding to defend its declared water rights.

The Offers of Judgment issued did not address the Mendenhall claims that were submitted by the Company in February 2014. The Mendenhall Doctrine is a legal argument in the State of New Mexico regarding pre-water basin claims. The Company submitted Mendenhall claims to NMOSE’s hydrographic survey experts to support the Company’s declared water rights.

As the Company progresses its expedited inter se proceeding, the appropriate disclosures will be made.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team which acquired the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA in May 2011. The Company is committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 76,492,122 common shares (fully diluted share capital 139,938,359).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

Neither
the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THEMAC Elects Deborah Peacock to its Wholly-Owned Subsidiary’s Board of DirectorsPosted: 07/21/2014 | Posted By: News Resource/Publisher

THEMAC Elects Deborah Peacock to its Wholly-Owned Subsidiary’sBoard of Directors Registered Professional Engineer and Intellectual Property Attorney to Provide Wealth of Knowledge to Move Copper Flat Project Forward

VANCOUVER, BRITISH COLUMBIA—(Marketwired – July 18, 2014) - THEMAC Resources Group Limited (TSXVENTURE:MAC) (“THEMAC” or the “Company”) is proud to announce the appointment of DeborahPeacock to the Board of Directors of its wholly-owned subsidiary, New MexicoCopper Corporation (NMCC).

“It’s great to be on the New Mexico Copper team and to help with the Copper Flat Project,” said Deborah Peacock. “My first job when I graduated from Colorado School of Mines was as a front-line foreman at one of the largest copper mines in the world. Mining is in my blood, and I’m excited to be back in the copper industry,” Peacock added.

Peacock is the current President/CEO and Managing Partner at Peacock Myers, P.C., the largest intellectual property firm in New Mexico. She is a Registered Patent Attorney, licensed in New Mexico, New York and Colorado; and a Registered Professional Engineer (PE) in New Mexico and Colorado.Before graduating from Harvard Law School, Peacock worked as a Metallurgical Engineer with Kennecott Copper Utah Division and previously at a cassiterite mine/mill in Tasmania, Australia. Peacock represents natural resources companies worldwide, regarding leading edge technologies, business, and intellectual property strategies. In addition, Peacock is the Chair of the New Mexico Environmental Improvement Board and a Regent at New Mexico Institute of Mining and Technology.

Peacock’s appointment on NMCC’s Board is timely, as the Company successfully completed its Form NI 43-101F1 Technical Report Feasibility Study in the fall of 2013, which is available on SEDAR (www.sedar.com). Another significant milestone the Company is advancing is the Copper Flat Project’s Environmental Impact Statement.

“Peacock’s professional experience and knowledge of the mining industry and New Mexico is a perfect addition to our Board of Directors,” said Andrew Maloney, CEO. “We look forward to her input and helping our
team move the Copper Flat Project forward allowing us to provide jobs and economic development to Sierra County and Southern New Mexico,” Maloney added.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities, and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 76,492,122 common shares (fully diluted share capital 139,938,359).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +1 505.382.5770

www.themacresourcesgroup.com

THEMAC Appoints Ms. Elena Carnes as Interim CFOPosted: 06/30/2014 | Posted By: News Resource/Publisher

Vancouver,

British Columbia – June 30, 2014 – THEMAC Resources Group Limited (TSXV:MAC) (“THEMAC” or the “Company”) is pleased to announce the appointment of Ms. Elena Carnes as its Interim Chief Financial Officer.

Ms. Carnes is a New Mexico licensed Certified Public Accountant and Chartered Global Management Accountant. She joined THEMAC as Chief Accountant in July 2012. Prior to joining THEMAC, Elena began her post-graduation career at KPMG LLP, performing audit and financial reporting functions for a diverse mix of both public sector and private sector organizations. She graduated with a BBA, summa cum laude, from the University of New Mexico’s Anderson School of Management with a dual major in accounting and finance.

Ms. Carnes takes over as Interim CFO from Mr. Stuart Crawford, who has left THEMAC to pursue other interests. The Company thanks Mr. Crawford for his contributions to THEMAC and wishes him well in his future endeavours.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team which acquired the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA in May 2011. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 76,492,122 common shares (fully diluted share capital 140,305,970).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Phone: +44 7539 466703

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

THEMAC Resources Amends and Grants Share OptionsPosted: 04/24/2014 | Posted By: News Resource/Publisher

​Vancouver, British Columbia – April 24, 2014 – THEMAC Resources Group Limited (TSXV:MAC) (“THEMAC” or the “Company”) wishes to announce that, subject to the approval of the TSX Venture Exchange (the “TSXV”), the Company has granted 7,392,857 options exercisable at $0.07 per common share exercisable for a period of 2 to 5 years to officers, consultants and employees of the Company.

The Company has also determined to re-price outstanding options held by consultants of the Company for the purchase of an aggregate of 355,002 common shares of the Company, having an exercise price of $0.51 to $0.68 per share and expiry dates in 2016 and 2017. These stock options will be re-priced to have an exercise price of $0.15 per share in order to more accurately reflect the current market price of the Company’s shares, and to recognize the ongoing contributions of the consultants. The Company will extend the expiry date of 540,789 options exercisable at $0.15 per common share which currently expire on December 4, 2014 to August 23, 2017 in recognition of the continued service of a consultant. Amendment of the exercise price and expiry date of the options is subject to the approval of the TSXV.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team which acquired the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA in May 2011. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 76,492,122 common shares (fully diluted share capital 132,913,113).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Phone: +44 7539 466703

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THEMAC Issues Shares for DebtPosted: 03/14/2014 | Posted By: News Resource/Publisher

​Vancouver, British Columbia – March 14, 2014 – THEMAC Resources Group Limited (TSXV:MAC) (“THEMAC” or the “Company”) wishes to announce that, further to the news release on January 31, 2013, THEMAC has completed share issuances under the previously announced shares-for-debt agreements. 1,192,000 common shares have been issued to five directors to settle $170,260 in aggregate debt. The shares issued are subject to a four-month hold period.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team which acquired the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA in May 2011. The Company is committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 76,492,122 common shares (fully diluted share capital 132,913,113).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +44 7539 466703

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THEMAC Announces Debt SettlementPosted: 01/31/2014 | Posted By: News Resource/Publisher

​Vancouver, British Columbia – January 31, 2014 – THEMAC Resources Group Limited (TSXV:MAC) (“THEMAC” or the “Company”) wishes to announce that the Directors of the Company have agreed to reduce outstanding directors’ fees of $107,280 by issuing 1,192,000 common shares of the Company at a price of $0.09 per common share.

The settlement reflects the maximum allowable shares issuable for the directors’ fees.The Directors are cognizant of the need to direct available funds to the development of the Copper Flat project and completion of the Definitive Feasibility Study.

The transaction is subject to regulatory approvals.The shares issued will have a hold period of four months from the date of distribution in compliance with TSX Venture Exchange policies and applicable securities law.

The Company further announces that the motion to grant Tulla Resources Group Pty Ltd. security for its loan over the Company’s Copper Flat property was not approved by shareholders. The Company will continue to seek opportunities for financing and capital growth.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team which acquired the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA in May 2011. The Company is committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 75,300,122 common shares (fully diluted share capital 132,537,779).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Chief Executive Officer

Phone: +44 7539 466703

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THEMAC Announces Land AcquisitionPosted: 01/16/2014 | Posted By: News Resource/Publisher

VANCOUVER, BRITISH COLUMBIA—(Marketwired - Jan. 16, 2014) - THEMAC Resources Group Limited (TSXVENTURE:MAC) (“THEMAC”) has received a signed, special warranty deedthrough its wholly owned subsidiary, New Mexico Copper Corporation (“NMCC” or, collectively, “the Company”), finalizing the acquisition of five tracts of land adjacent to the Company’s existing land holdings located in Sierra County, New Mexico, USA. The acquisition increases the Company’s land holdings to approximately 4,741 acres. Company management is pleased with the recent acquisition.

“The property is critical for the development of the mine and concludes many years of negotiations. The Copper Flat Project now has an excellent land position, with the permit area 100% controlled,” said Andrew Maloney, CEO.

The acquisition secures the Company’s control and access of the Copper Flat Project’s (“Project”) permit boundary. The purchase also allows the Company to control land outside of the permit boundary, which could be used for an expansion to the proposed tailings dam and waste rock storage facility subject to the necessary approvals.

The land is currently being used for grazing, and this use will continue until the property is required for mining operations. The Company is focused on being a good neighbor, and will continue to integrate local stakeholder interest with Project requirements.

THEMAC recently released favorable results from its Form NI 43-101F1 Technical Report Feasibility Study, and finalizing this land purchase is another major milestone for the Project. The Company continues efforts to advance the Project, and the primary focus for 2014 is to advance the Project’s Environmental Impact Statement.

ABOUT THEMAC RESOURCES GROUP LIMITED

THEMAC is a copper development company with a strong management team which acquired the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA in May 2011. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 75,300,122 common shares (fully diluted share capital 132,537,777).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

Neither the TSX Venture Exchange (the “TSXV”) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) has reviewed, nor do they accept responsibility for the adequacy or accuracy of, this release.

Contact Information

Andrew Maloney
+1 505.382.5770
www.themacresourcesgroup.com

THEMAC Resources Group Limited

THEMAC Resources Announces Results of AGM and Adjourns Vote on Grant of Security MatterPosted: 12/20/2013 | Posted By: News Resource/Publisher

​Vancouver,

British Columbia – December 20, 2013 – THEMAC Resources Group Limited (TSXV:MAC) (“THEMAC” or the “Company”) announces that at the annual general meeting held December 19, 2013, shareholders voted to approve the appointment of Kevin W. Maloney, Andrew Maloney, Joel Schneyer, Barrett Sleeman and Kenneth Pickering as Directors of the Company for the forthcoming year. Additionally, the shareholders approved the amended stock option plan, the reappointment of Ernst & Young LLP as auditor,, the re-pricing of insider options, and the adoption of an advance notice policy .

The Company has adjourned the vote to grant Tulla Resources Group Pty Ltd. security for its loan over the Company’s Copper Flat property until Friday, January 17^th, 2014 at 2pm. Details with respect to the motion are included in the Company’s Management Information Circular filed on SEDAR on November 22, 2013.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team which acquired the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA in May 2011. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 75,300,122 common shares (fully diluted share capital 132,537,777).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Phone: +44 7539 466703

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THEMAC Resources Extends Time for Delivery of ProxiesPosted: 12/17/2013 | Posted By: News Resource/Publisher

​ THEMAC Resources Extends Time for Delivery of Proxies

Vancouver, British Columbia – December 17, 2013 – THEMAC Resources Group Limited (TSXV:MAC) (“THEMAC” or the “Company”) announces that it has extended the time for the delivery of proxies to 11am PST
on December 19, 2013 in advance of the Annual General and Special Meeting of the Shareholders of the Company to be held at 2pm PST on December 19, 2013. The extension allows additional time for submission of proxies.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team which acquired the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA in May 2011. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 75,300,122 common shares (fully diluted share capital 132,537,777).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Phone: +44 7539 466703

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THEMAC Resources Group Files Positive Feasibility Study For Copper Flat ProjectPosted: 11/21/2013 | Posted By: News Resource/Publisher

​THEMAC Resources Group Files Positive Feasibility Study For Copper Flat Project

Vancouver, British Columbia – November 21, 2013 – THEMAC Resources Group Limited (TSX.V: MAC– “THEMAC”) is pleased to announce that it has filed a technical report titled “Copper Flat Project, Form NI 43-101F1 Technical Report Feasibility Study, Sierra County, New Mexico, USA” dated November 21, 2013 (the “Report”).

Copper Flat is a former producing mine located in Sierra County, New Mexico, USA, approximately 150 miles south of Albuquerque and 20 miles southwest of the town of Truth or Consequences, New Mexico. The project land package comprises 4,741 acres, with the majority of the mineral reserves located on patented mining claims that are wholly-owned by THEMAC.

The Report summarizes the results of a feasibility study on the Copper Flat copper-gold project, which results were first reported by the Company in a news release dated October 7, 2013. The Report was prepared by M3 Engineering & Technology Corporation.

The Report is available on SEDAR (www.sedar.com) and is also posted on the Company’s website (www.themacresourcesgroup.com). All amounts below are in United States Dollars and all quantities are presented in US standard units unless stated otherwise.

FINANCIAL SUMMARY

The Feasibility Study includes financial analysis on three scenarios with varying metal prices: 1) The base case uses a long term copper price of $3.00/lb; 2) A price upside case based on a $3.25/lb long term copper price (all other metal prices held constant); and 3) a price downside case based on a $2.75/lb long term copper price.

The financial return table below is after tax, unlevered and with no escalation in commodity prices.

Base Case: Copper $3.00/lb, Moly $9.50/lb, Gold $1,350/oz and Silver $22.00/oz Upside Sensitivity: Copper $3.25/lb, Moly $9.50/lb, Gold $1,350/oz and Silver $22.00/oz

Downside Sensitivity: Copper $2.75/lb, Moly $9.50/lb, Gold $1,350/oz and Silver $22.00/oz

“I would like to thank all involved for their efforts in to completing an excellent study. We are pleased that the results indicate Copper Flat is a viable project. Now that the feasibility is complete, we will be focusing on progressing engineering design works and gaining the remaining permits required
to develop the mine.” said Andrew Maloney, CEO.

MINERAL RESERVES AND RESOURCE

Copper Flat’s proven and probable mineral reserves increased by 15%, or 15 million tons, to 113.1 million tons, when compared to the previous 2012 mineral reserve. This material contains 675 million pounds of copper, 20 million pounds of molybdenum, 340 thousand ounces of gold and 6.8 million ounces of silver, and has an average copper equivalent grade of 0.39%. Copper equivalent factors used account for metal price, metallurgical recovery and smelter payable factors. Listed below are Copper Flat mineral reserves and mineral resources as of April 2, 2013.

The total measured and indicated mineral resource (inclusive of mineral reserves) has increased by 35% or 79 million tons to 305 million tons, when compared to the previous 2012 mineral resource estimate.

The mineral reserves and mineral resources have been developed from a computerized block model that is based on a drill hole database incorporating a total of 233 drill holes and 181,326 feet of drilling that continued through to the end of 2012. In addition to the drilling program, the company re-assayed more than 6,000 historical pulps to obtain gold and silver data. The mineral reserve has benefited from additional geotechnical drills holes that allowed the pit wall slopes to steepen due to improved rock conditions.

OPERATING COSTS

Average cash operating costs, net of by-product revenue, and using the base case pricing scenario, are estimated at US$0.93 per pound of copper recovered into concentrate before smelter deductions during the first five years of production and US$1.15 per pound of copper recovered into concentrate before smelter deductions over the full life-of-mine. On an equivalent copper basis, cash operating costs average $1.56 per equivalent pound of copper recovered into concentrate before smelter deductions over the life-of-mine.

On a cost per ton basis, cash operating costs are estimated at $11.29 per ton processed, excluding by-product credits. Cash operating costs include mining, processing, site general and administration, treatment and refining, and concentrate transportation costs.

CAPITAL COSTS

The total initial capital cost for construction, mine per-development, commissioning and owner’s cost is estimated to be $360.5 million. Sustaining capital will total $63 million over the life of the operation.

The project is a brownfield redevelopment project in a stable region with excellent access to existing infrastructure. The project will realize savings through the reuse of significant infrastructure that remains from the original Quintana Mine, which provides an estimated $53.9 million in value to the Project.

MINING AND PROCESSING

Copper Flat is a porphyry copper-gold deposit that is located in close proximity to the surface and amenable to open pit mining methods. The pit operations are planned to use standard mining equipment, including: 45,000 lb., single pass rotary blast hole drills, 19-cu-yd front-end loaders, and 100 ton off-highway haul trucks. The Mine plan includes a mine support fleet comprised of track and rubber-tired dozers, motor graders, and 10,000-gallon water trucks. Material mined totals 158 million tons of ore and waste over the life-of-mine at an average stripping ratio of 0.40 tons of waste per ton of ore. The mining rate peaks at 17.5 million tons of total material per year.

The construction program benefits from the use of existing infrastructure and the timeframe expected to construct and commission the project is estimated to require 18 months. Following construction, the project schedule includes 11.1 years of ore processing and four years for reclamation and closure.

Ore will be processed through a standard crushing, grinding and sulfide flotation concentrator to produce a copper-gold-silver concentrate and a molybdenum concentrate. The Copper Flat concentrator is scheduled to process 10.8 million tons per year for the first five years of production and 9.9 million tons per year for the remainder of the mine life when harder ores are encountered at depth in the deposit. Copper recovery to concentrate is projected to average 70 million pounds per year during the first five years of operation and 57 million pounds per year when averaged over the full life-of-mine.

The Copper Flat ore lends itself to common crushing and grinding practice and standard flotation reagents and the mill is designed to have a simple gyratory crusher and SAG/ball mill grinding circuit followed by a conventional floatation circuit to produce separate copper and molybdenum concentrates. Metallurgical testing shows the Copper Flat ore contains coarse gold that is recoverable through physical separation and gravity separation equipment, this equipment is included in the process flow sheet to improve gold recovery. As a result of metallurgical test work, the expected life-of-mine process recoveries are projected to be: 93.1% copper; 78.0% molybdenum; 73.7% gold; and 82.7% silver.

The mine will produce approximately 100,000 tons of copper concentrate and 1,300 tons of molybdenum concentrates per year for the life-of-mine. The copper concentrate is expected to assay 27% to 30% copper based on lab tests and actual plant performance achieved by Quintana Minerals in the past operation. The molybdenum concentrate is expected to assay 50% to 60% molybdenum oxide. ICP analysis of the copper concentrate determined that the concentrate is expected to contain very low concentrations of potential smelter penalty elements

TECHNICAL REPORT

The complete Feasibility Study National Instrument (“NI”) 43-101 TechnicalReport has been filed on SEDAR at www.sedar.com and is also be available on the Company’s website at www.themacresourcesgroup.com

ABOUT M3 ENGINEERING & TECHNOLOGY CORPORATION

The feasibility study was prepared by M3 Engineering & Technology Corporation of Tucson, Arizona, under the supervision of Conrad Huss, P.E., an Independent Qualified Person as defined under Canadian NI 43-101. M3 Engineering & Technology Corporation (M3) provides professional EPCM services and is now recognized as an industry leader in Feasibility Studies and associated NI 43-101’s.

ABOUT INDEPENDENT MINING CONSULTANTS

Mineral resources and reserves were calculated by IMC of Tucson, Arizona under the supervision of John Marek, P.E., IMC President, an Independent Qualified Person as defined under Canadian NI 43-101. Since 1983 Independent Mining Consultants, Inc. (IMC) has been recognized worldwide for its expertise in Open Pit Mine Design and Mine Planning as well as Ore Reserve Estimation and Mineral Economics. IMC has worked for large international mining conglomerates, medium sized mines, multiple commodity producers, and exploration firms.

ABOUT GOLDER ASSOCIATES

Engineering and design of the tailings storage facility for Copper Flat was prepared under the supervision of Gene Muller, P.E., an Independent Qualified Person as defined under Canadian NI43-101. Employee owned since being founded in 1960, Golder Associates Inc. provides engineering and environmental consulting services to mining, energy and natural resource industries. Golder has conducted similar studies and engineering evaluations in the southwestern US and internationally.

ABOUT SRK CONSULTING

The mine reclamation plan and closure cost estimate was developed by SRK Consulting (U.S.), Inc. under the supervision of Mark A. Willow, SME-RM, an Independent Qualified Person as defined under Canadian NI 43-101. Originally formed in 1974, SRK is an independent, international organization that provides professional consulting services and expert advice, mainly in the fields of mining, geotechnics, water, waste, and the environment. SRK services clients across a range of industries that are primarily natural resource development oriented.

TECHNICAL INFORMATION AND QUALIFIED PERSONS

Standard procedures for core handling were in place during the entire drilling program, and a geologist was on site for all sample preparation and shipping.

Assaying for the 2012 drilling program was undertaken at the Skyline Laboratory in Tucson, AZ. Copper and molybdenum values were determined by ICP/MS, gold by fire assay with AA finish, and silver by AA. Reference standards and blanks were inserted in the sample streams, and every tenth sample is being objectively validated by ALS Minerals, Reno, Nevada using similar methodologies.

An Appendix of tables and figures for this news release is available on THEMAC’s website at www.themacresourcesgroup.com.

Technical information in this news release has been read and approved by Conrad Huss, P.E. (M3 Engineering), John Marek, P.E. (Independent Mining Associates), Gene Muller, P.E. (Golder Associates), Mark Willow, SME-RM (SRK), and J. Steven Raugust, C.P.G., Resource Development Manager (THEMAC Resources) all of whom are Qualified Persons under Canadian NI 43-101.

ABOUT THEMAC RESOURCES GROUP LIMITED

THEMAC is a copper development company with a strong management team which acquired the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA in May 2011. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into
production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 75,300,122 common shares (fully diluted share capital 133,330,134).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

FORWARD LOOKING STATEMENTS

Certain information contained or incorporated by reference in this press release, including any information as toTHEMAC’s future financial or operating performance, the likelihood and timing of commercial production, construction of plant, and obtaining required permits, statements with respect to the estimation of mineral resources and reserves, expanding mineral reserves and mineral resources, the realization of mineral reserve and mineral resource estimates, the timing and amount of estimated future production, capital costs, costs of production, metal or mineral recoveries, mine life and production rates, capital expenditures and success of mining operations, expected IRR and NPV constitute “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “believe”, “expect”, “anticipate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered
reasonable by THEMAC, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such assumptions include the specific assumptions set out in this press release and in the Report, that future capital and operating costs will be in line with THEMAC’S assumptions, that mineral resource and mineral reserve estimates prove accurate, permits required to commence production will be obtained on a timely basis, copper, molybdenum, gold and silver prices will remain consistent with THEMAC’s expectations, that there are no
changes in THEMAC’s development plans as new information is received, that THEMAC will be able to access financing, equipment and sufficient labour to carry out its planned business. Known and unknown factors could cause actual results to differ materially from those projected in
the forward- looking statements. Such factors include, but are not limited to: fluctuations in the currency markets; fluctuations in the spot and forward price of copper, molybdenum, gold, and silver; volatility in the price of fuel and electricity; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in Canada and the USA; business opportunities that may be pursued by THEMAC; operating or technical difficulties in connection with mining or development activities; employee relations;
litigation; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits; uncertainty surrounding the availability of water rights required for mining operations which, if not secured, could result in changes to the proposed plan for development of Copper Flat; contests over title to properties, particularly title to undeveloped properties; failure of processing and mining equipment to perform as expected; labor disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results; the assumptions upon which the estimation of mineral resources and reserves prove inaccurate, which could lead to a restatement of reserves and resources;; changes inproject parameters as plans continue to be refined; possible variations in ore reserves, grade of mineralization or recovery rates may differ from what is indicated and the difference may be material; legal and regulatory proceedings and community actions; accidents, title matters; regulatory restrictions; permitting and licensing; volatility of the market price of Common Shares; insurance; competition; and hedging activities. In addition, there are risks and hazards associated with the business of exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave - ins, flood

THEMAC Resources Share Option Re-Pricing, Amendment to Option PlanPosted: 11/15/2013 | Posted By: News Resource/Publisher

​THEMAC Resources Share Option Re-Pricing, Amendment to Option Plan,

and Adoption of Advance Notice By-Law

Share Option Re-Pricing

Vancouver, British Columbia – November 15, 2013 – THEMAC Resources Group Limited (TSXV:MAC) (“THEMAC” or the “Company”) wishes to announce that, subject to the approval of the TSX Venture Exchange (the “TSXV”), the Company has determined to re-price outstanding options held by directors, officers, employees and consultants of the Company for the purchase of an aggregate of 3,177,513 common shares of the Company, having an exercise price of $0.37 to $0.68 per share and expiry dates in 2016, 2017 and 2018. These stock options will be repriced to have an exercise price of $0.15 per share in order to more accurately reflect the current market price of the Company’s shares, and to provide an incentive to the Board and the Company’s employees to further the Company’s corporate objectives. Amendment of the exercise price of the options is subject to the approval of the TSXV. Pursuant to the policies of the TSXV, repriced options for the purchase of 2,576,011 common shares held by insiders will be subject to disinterested shareholder approval at the annual meeting of the shareholders of the Company scheduled for December 19, 2013
(the “AGM”). None of the repriced options may be exercised at the amended exercise price pending TSXV acceptance of the share option repricing.

Amendment to Option Plan

In addition to the foregoing, the Company has determined to amend its 10% rolling stock option plan to instead adopt a fixed number option plan. Under the amended plan, a fixed number of shares will be reserved for issue, being 15,060,024 common shares, approximately 20% of the currently issued and outstanding shares of the Company. The amended plan will be subject to the approval of the shareholders at the AGM, and the TSXV.

Adoption of Advance Notice By-Law

The Company also announces that the Board has approved a new by-law to provide for advance notice provisions (the “Advance Notice By-Law”) which require that advance notice be provided to the Company in circumstances where nominations of persons for election to the Board are made by shareholders of the Company other than pursuant to: (i) a proposal in accordance with the provisions of the Business Corporations Act (Yukon) (the “Act”); or (ii) a requisition of the shareholders made in accordance with the provisions of the Act.

The purpose of the Advance Notice By-Law is to foster a variety of interests of the shareholders and the Company by ensuring that all shareholders - including those participating in a meeting by proxy rather than in person - receive adequate notice of the nominations to be considered at a meeting and can thereby exercise their voting rights in an informed manner. In addition, the Advance Notice By-Law should assist in facilitating an orderly and efficient meeting process. The Advance Notice By-Law provide shareholders, directors and management of the Company with a clear framework
for nominating directors. Among other things, the Advance Notice By-Law fix a deadline by which holders of common shares must submit director nominations to the Company prior to any annual or special meeting of shareholders and sets forth the minimum information that a shareholder must include in the notice to the Company for the notice to be in proper written form.

In the case of an annual meeting of shareholders, notice to the Company must be made not less than 30 nor more than 65 days prior to the date of the annual meeting; provided, however, that in the event the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made not later than the close of business on the 10th day following such public announcement.

In the case of a special meeting of shareholders (which is not also an annual meeting), notice to the Company must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.

The Advance Notice By-Law is in full force and effect and will be placed before shareholders at the AGM for ratification. For purposes of the AGM, in accordance with the terms of the Advance Notice By-Law, the Board has determined that notice of nominations of persons for election to the Board at the AGM must be made by November 18, 2013. Such notice must be in the form, and given in the manner, prescribed by the Advance Notice By-Law.

About THEMAC Resources
Group Limited

THEMAC is a copper development company with a strong management team which acquired the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA in May 2011. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 75,300,122
common shares (fully diluted share capital 132,537,777).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Phone: +44 7539 466703

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THEMAC Resources Group Announces Positive Feasibility Study For Copper Flat ProjectPosted: 10/07/2013 | Posted By: News Resource/Publisher

Vancouver, British Columbia – October 7, 2013 – THEMAC Resources Group Limited (TSX.V: MAC– “THEMAC”) announces positive economics, as well as an increase in reserves and resource for its 100% owned Copper Flat Copper - Gold Project located in south central New Mexico. The feasibility study is National Instrument (“NI”) 43-101 compliant and was completed by M3 Engineering & Technology Corp. (M3) of Tucson, Arizona. The Feasibility Study builds upon the Prefeasibility Study published in July 2012 that was also prepared by M3. All amounts below are in United States Dollars and all quantities are presented in US standard units unless stated otherwise.

Copper Flat is a former producing mine located in Sierra County, New Mexico, USA, approximately 150 miles south of Albuquerque and 20 miles southwest of the town of Truth or Consequences, New Mexico. The project land package comprises 4,741 acres, with the majority of the mineral reserves located on patented mining claims that are wholly-owned by THEMAC.

FINANCIAL SUMMARY

The Feasibility Study update includes financial analysis on three scenarios with varying metal prices: 1) The base case uses a long term copper price of $3.00/lb; 2) Upside sensitivity case pricing based on a $3.25/lb long term copper price; and 3) Downside sensitivity case pricing based on a $2.75/lb long term copper price.

The financial return table below is after tax, unlevered and with no escalation in commodity prices

Base Case: Copper $3.00/lb, Moly $9.50/lb, Gold $1350/oz and Silver $22.00/oz Upside Sensitivity: Copper $3.25/lb, Moly $9.50/lb, Gold $1350/oz and Silver $22.00/oz
Downside Sensitivity: Copper $2.75/lb, Moly $9.50/lb, Gold $1350/oz and Silver $22.00/oz

“I would like to thank all involved for their efforts in to completing an excellent study. We are pleased that the results indicate Copper Flat is a viable project. Now that the feasibility is complete, we will be focusing on progressing engineering design works and gaining the remaining permits required to develop the mine.” said Andrew Maloney, CEO.

MINERAL RESERVES AND RESOURCE

Copper Flat’s proven and probable mineral reserves increased by 15%, or 15 million tons, to 113.1 million tons, when compared to the previous 2012 mineral reserve. This material contains 674 million pounds of copper, 20 million pounds of molybdenum, 308 thousand ounces of gold and 7.2 million ounces of silver, and has an average copper equivalent grade of 0.39%. Copper equivalent factors used account for metal price, metallurgical recovery and smelter payable factors. Listed below are Copper Flat mineral reserves and mineral resources as of April 2, 2013.

The total measured and indicated mineral resource (inclusive of mineral reserves) has increased by 35% or 79 million tons, to 305 million tons, when compared to the previous 2012 mineral resource estimate.

The mineral reserves and mineral resources have been developed from a computerized block model that is based on a drill hole database incorporating a total of 233 drill holes and 181,326 feet of drilling that continued through to the end of 2012. In addition to the drilling program, the company re-assayed more than 6,000 historical pulps to obtain gold and silver data. The mineral reserve has benefited from additional geotechnical drills holes that allowed the pit wall slopes to steepen due to improved rock conditions.

OPERATING COSTS

Average cash operating costs, net of [by-product credits] and using the base case pricing scenario, are estimated at US $0.93 per pound of copper produced during the first five years of production and US$1.15 per pound of copper produced for the life of mine. On an equivalent copper basis, cash operating costs average $1.56 per equivalent pound of copper produced over the life of mine.

On a cost per ton basis, cash operating costs are estimated at $11.24 per ton processed, excluding by-product credits. Cash operating costs include mining, processing, site general and administration, treatment and refining, and concentrate transportation costs.

CAPITAL COSTS

The total initial capital cost for construction, mine pre-development, commissioning and owner’s cost is estimated to be $372 million. Sustaining capital will total $61 million over the life of the operation.

The project is a brownfield redevelopment project in a stable region with excellent access to existing infrastructure. The project will realize savings through the reuse of significant infrastructure, which the project engineers value between $55 to $65 million, that remains from the original mine.

PERMITTING STATUS

Permitting efforts for the Copper Flat Mine have been in process since 2010. Baseline Data has been collected within the mine permit boundary and in surrounding areas over a 12-18 month time frame and included studies of air quality, vegetation, wildlife, surface water, groundwater, cultural resources, geology and soils.

Due to the fact that some of the land in the proposed mine permit boundary is managed by the Bureau of Land Management, an Environmental Impact Statement is required. Work on the Environmental Impact Statement is progressing; scoping and public meetings were conducted in January 2012. Efforts are currently focused on finalizing a Draft Environmental Impact Statement which will then be publicized for public comment.

Various additional studies have been conducted and are being used to inform both state permit applications and the current federal evaluation process. These studies include but are not limited to socioeconomic benefits of the mine, highway conditions and traffic impacts, geochemistry of the site, and aquifer characteristics. Permitting efforts at a state level are well underway and an air permit was granted by the New Mexico Environment Department Air Quality Bureau in June 2013.

p>p>Management continues to engage with the OSE to secure the appropriate consents and permits for project water rights. As the company progresses its arrangements in this regard, the appropriate disclosures will be made.

MINING AND PROCESSING

Copper Flat is a porphyry copper-gold deposit that is located in close proximity to the surface and amenable to open pit mining methods. The pit operations are planned to use standard mining equipment, including: 4 5 , 0 0 0 l b . , s i n g l e p a s s rotary blast hole drills, 19-cu-yd front-end loaders, and 100 ton off-highway haul trucks. The Mine plan includes a mine support fleet comprised of several track and rubber-tired dozers, motor graders, and 10,000-gallon water trucks. Material mined totals 158 million tons of ore and waste over the life of mine at an average stripping ratio of 0.40 tons of waste per ton of ore. The mining rate peaks at 17.5 million tons of total material per year.

The construction program benefits from the use of existing infrastructure and the timeframe expected to construct and commission the project is estimated to require

18 months. Following construction, the project schedule includes 11.1 years of ore processing and four years for reclamation and closure.

Ore will be processed through a standard crushing, grinding and sulfide flotation concentrator to produce a copper-gold-silver concentrate and a molybdenum concentrate. The Copper Flat concentrator is scheduled to process 10.8 million tons per year for the first five years of production a n d 9 . 9 m i l l i o n t o n s p e r y e a r for

the remainder of the mine life when harder ores are encountered at depth in in the deposit. Copper production is projected to average 70 million pounds per year during the first five years of operation and 57 million pounds per year when averaged over the full life of mine.

The Copper Flat ore lends itself to common crushing and grinding practice and standard flotation reagents and the mill is designed to have a simple gyratory crusher and SAG/ball mill grinding circuit followed by a conventional floatation circuit to produce separate copper and molybdenum concentrates. Metallurgical testing shows the Copper Flat ore contains coarse gold that is recoverable through physical separation and gravity separation equipment, this equipment is included in the process flow sheet to improve gold recovery. As a result of metallurgical test work, the expected life of mine recoveries are projected to be: copper 93%, molybdenum 78%, gold 72% and silver 83%.

The mine will produce approximately 100,000 tons of copper concentrate and 1,300 tons of molybdenum concentrate per year for the life of mine. The copper concentrate is expected to assay 27% to 30% copper based on lab tests and actual plant performance achieved by Quintana Minerals in the past operation. The molybdenum concentrate is expected to assay 50% to 60% molybdenum oxide. ICP analysis of the copper concentrate determined that the concentrate is expected to contain very low concentrations of potential smelter penalty elements

TECHNICAL REPORT

The complete Feasibility Study National Instrument (“NI”) 43-101 Technical Report will be filed on SEDAR at www.sedar.com within 45 days and will also be available on the Company’s website at www.themacresourcesgroup.com

ABOUT M3 ENGINEERING & TECHNOLOGY CORPORATION

The feasibility study was prepared by M3 Engineering & Technology Corporation of Tucson, Arizona, under the supervision of Conrad Huss, P.E. who is an Independent Qualified Person as defined under Canadian NI43-101. M3 Engineering & Technology Corporation (M3) provides professional EPCM services and is now recognized as an industry leader in Feasibility Studies and associated NI 43-101’s.

ABOUT INDEPENDENT MINING CONSULTANTS (IMC)

Since 1983 Independent Mining Consultants, Inc. (IMC) has been recognized worldwide for its expertise in Open Pit Mine Design and Mine Planning as well as Ore Reserve Estimation and Mineral Economics. IMC has worked for large international mining conglomerates, medium sized mines, multiple commodity producers, and exploration firms. Mineral resources and reserves were calculated by IMC of Tucson, Arizona under the supervision of John Marek, P.E., IMC President, who is an Independent Qualified Person as defined under Canadian NI43-101.

TECHNICAL INFORMATION AND QUALIFIED PERSONS

Assaying for the 2012 drilling program was undertaken at the Skyline Laboratory in Tucson, AZ. Copper and molybdenum values were determined by ICP/MS, gold by fire assay with AA finish, and silver by AA. Reference standards and blanks were inserted in the sample streams, and every tenth sample is being objectively validated by ALS Minerals, Reno, Nevada using similar methodologies.

Standard procedures for core handling were in place during the entire drilling program, and a geologist was on site for all sample preparation and shipping.

Technical information in this news release has been read and approved by Conrad Huss, P.E. for M3, Jeffrey Smith, P.E., COO of THEMAC Resources Group, Raymond Irwin, P. Geo., Vice President of Exploration for THEMAC and J. Steven Raugust, C.P.G., Resource Development Manager for THEMAC all of whom are and Qualified Persons under Canadian NI 43-101.

An Appendix of tables and figures for this news release is available on THEMAC’s website at www.themacresourcesgroup.com.

ABOUT THEMAC RESOURCES GROUP LIMITED

THEMAC is a copper development company with a strong management team which acquired the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA in May 2011. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 75,300,122 common shares (fully diluted share capital 133,330,134).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

FORWARD LOOKING STATEMENTS

Certain information contained or incorporated by reference in this press release, including any information as to THEMAC’s future financial or operating performance, the likelihood and timing of commercial productions, construction of plant, and obtaining required permits, statements with respect to the estimation of mineral resources and reserves, expanding mineral reserves and mineral resources, the realization of mineral reserve and mineral resource estimates, the timing and amount of estimated future production, capital costs, costs of production, metal or mineral recoveries, mine life and production rates, capital expenditures and success of mining operations, constitute “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “believe”, “expect”, “anticipate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by THEMAC, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such assumptions include the specific assumptions set out in this press release, that future capital and operating costs will be in line with THEMAC’S assumptions, that mineral resource and mineral reserve estimates prove accurate, permits required to commence production will be obtained on a timely basis, copper, molybdenum, gold and silver prices will remain consistent with THEMAC’s expectations, that there are no changes in THEMAC’s development plans as new information is received, that THEMAC will be able to access financing, equipment and sufficient labour to carry out its planned business, known and unknown factors could cause actual results to differ materially from those projected in the forward- looking statements. Such factors include, but are not limited to: fluctuations in the currency markets; fluctuations in the spot and forward price of copper, molybdenum, gold, and silver; volatility in the price of fuel and electricity; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in Canada and the USA; business opportunities that may be pursued by THEMAC; operating or technical difficulties in connection with mining or

development activities; employee relations; litigation; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits; uncertainty surrounding the availability of water rights required for mining operations which, if not secured, could result in changes to the proposed plan for development of Copper Flat; contests over title to properties, particularly title to undeveloped properties; failure of processing and mining equipment to perform as expected; labor disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results; the assumptions upon which the estimation of mineral resources and reserves prove inaccurate, which could lead to a restatement of reserves and resources;; changes in project parameters as plans continue to be refined; possible variations in ore reserves, grade of mineralization or recovery rates may differ from what is indicated and the difference may be material; legal and regulatory proceedings and community actions; accidents, title matters; regulatory restrictions; permitting and licensing; volatility of the market price of Common Shares; insurance; competition; and hedging activities. In addition, there are risks and hazards associated with the business of exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave - ins, flooding and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks. Many of these uncertainties and contingencies can affect actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, THEMAC. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. THEMAC disclaims any intention or obligation to update or revise any forward- looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

“Operating cost per pound of copper”, “Life of mine sustaining capital”, “IRR” and similar terms are alternative performance measures. These performance measures are included because these statistics are key performance measures that management may use to monitor performance. Management may use these statistics in future to assess how THEMAC is performing to plan and to assess the overall effectiveness and efficiency of mining operations. These performance measures do not have a meaning within International Financial Reporting Standards (“IFRS”) and, therefore, amounts presented may not be comparable to similar data presented by other mining companies. These performance measures should not be considered in isolation as a substitute for measures of performance in accordance with IFRS.

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney, CEO

+44 7539 466703 www.themacresourcesgroup.com

Neither the TSX Venture Exchange (the “TSXV”) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) has reviewed, nor do they accept responsibility for the adequacy or accuracy of, this release.

THEMAC Resources Has Been Issued the Air Quality PermitPosted: 09/11/2013 | Posted By: News Resource/Publisher

​VANCOUVER, BRITISH COLUMBIA—(Marketwired)

- Sept. 11, 2013) - THEMAC Resources Group Limited (TSX
VENTURE:MAC) (“THEMAC” or the “Company”) today announced
that the Air Quality Bureau of the New Mexico Environment Department has issued
the Air Quality Permit for its Copper Flat Copper Project. This permit
stipulates the operating, monitoring and reporting parameters to meet federal,
state and local air quality requirements.

The Air Quality Permit is a
significant step forward in our efforts to re-permit the mine. Our team is now
focused on obtaining the remaining permits needed to construct and operate the
mine and process facilities. THEMAC has made good progress with the various
environmental studies, and is planning to lodge the Draft Environmental Impact
Study during 2013.

“Receipt of this permit
represents a major milestone for Copper Flat,” said Andrew Maloney, Chief
Executive Officer for THEMAC. “We are committed to environmental
protection and to setting environmental controls that go above and beyond
regulatory requirements. We look forward to continued progress in bringing
Copper Flat to production.”

About THEMAC Resources Group Limited

THEMAC is a copper development
company with a strong management team which acquired the Copper Flat
copper-molybdenum-gold-silver project in New Mexico, USA in May 2011. We are
committed to bringing the closed copper mine, Copper Flat, in Sierra County,
New Mexico back into production with innovation and a sustainable approach to
mining development and production, local economic opportunities and the best
reclamation practices for our unique environment. The Company is listed on the
TSX Venture Exchange (ticker: MAC) and has issued share capital of 75,300,122
common shares (fully diluted share capital 133,330,134).

For more information please visit www.themacresourcesgroup.com
or review the Company’s filings on SEDAR (www.sedar.com).

Contact Information

Andrew Maloney

• THEMAC Resources Group Limited +44 7539 466703 www.themacresourcesgroup.com

THEMAC Resources Appoints Jeffrey Smith as Chief Operating OfficerPosted: 07/02/2013 | Posted By: News Resource/Publisher

Vancouver,

British Columbia – Tuesday, 2^nd, July 2013 – THEMAC Resources Group Limited (TSXV:MAC) (“THEMAC” or the “Company”) today announced that Jeffrey Smith has been appointed as Chief Operating Officer, effective the 24^th June, 2013.

THEMAC has been very focused on completing a Definitive Feasibility Study and progressing the permits required to develop the Copper Flat project. Now that the company is close to finalizing the Definitive Feasibility Study, Jeffrey Smith has been promoted from Feasibility Study Manager to Chief Operating Officer of THEMAC Andrew Maloney said “We are very fortunate to have such a capable and highly experienced person to take up this role, I’m confident that Jeffrey will do an excellent job. Prior to this promotion Jeffrey Smith has been with THEMAC for over six months. During this time Jeffrey has developed an excellent understanding of the project, and proven himself as valuable team member.”

Jeffrey Smith has 35 years experience within the mining industry and has managed large, complex mining operations and construction projects. Jeff has held engineering, operating and maintenance, general management, and executive management positions with Echo Bay Mines, Coeur d’Alene Mines and Pan American Silver, which provides him with planning, contractual, financial, regulatory, and leadership experience.
Jeff’s professional history includes three years with Quintana Minerals Corporation where he was the mine engineer at the original Copper Flat Mine, and assisted with its construction, operation and closure.

Jeffrey Smith earned a Bachelor’s Degree in Mining Engineering from the University of Arizona College of Mines and a Master’s Degree in Management from the Stanford University Graduate School of Business. He is a licensed Professional Engineer, a registered member of the Society for Mining, Metallurgy and Exploration (SME), and a Qualified Person under Canadian NI43-101 rules.

The new Chief Operating Officer Jeffrey Smith said, “I am excited about the opportunity to help re-start the Copper Flat Mine. THEMAC has assembled a great team for the Project and I look forward to taking an active leadership role. I worked at Copper Flat as an employee of Quintana Minerals in the early 1980’s; I’m looking forward to re-establishing friendships I made at that time, and to establishing new friendships and professional relationships within the local community and the State.”

In connection with the appointment, the Company granted to Jeffrey Smith options to purchase 1,653,254 common shares of the Company, exercisable at $0.10 per share, pursuant to the Company’s stock option plan.

Further to the news release on June 13, 2013, THEMAC has completed share issuances under the previously announced shares-for-debt agreements. 1,182,500 common shares have been issued to three directors to settle $118,250 in aggregate debt. The shares issued are subject to a four-month hold period.

About THEMAC Resources Group
Limited

THEMAC is a copper development company with a strong management team which acquired the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA in May 2011. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best
reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 75,300,122 common shares (fully diluted share capital 133,330,134).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Phone: +44 7539 466703

THEMAC Announces Debt SettlementPosted: 06/13/2013 | Posted By: News Resource/Publisher

​Vancouver, British Columbia – June 13, 2013 – THEMAC Resources Group Limited (TSXV:MAC) (“THEMAC” or the “Company”) wishes to announce that the Directors of the Company have agreed to reduce outstanding directors’ fees of $118,250 by issuing 1,182,500 common shares of the Company at a price of $0.10 per common share.

The settlement reflects the maximum allowable shares issuable for the directors’ fees. The Directors are cognizant of the need to direct available funds to the development of the Copper Flat project and completion of the Definitive Feasibility Study.

The transaction is subject to regulatory approvals. The shares issued will have a hold period of four months from the date of distribution in compliance with TSX Venture Exchange policies and applicable securities law.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team which acquired the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA in May 2011. The Company is committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 74,117,622 common shares (fully diluted share capital 131,492,825).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information contact:

THEMAC Resources Group Limited

Andrew Maloney

Phone: +44 7539 466703

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THEMAC Resources Appoints Andrew Maloney to The Board of Directors and Chief Executive OfficerPosted: 02/25/2013 | Posted By: News Resource/Publisher

Vancouver, British Columbia – Monday 25th, February 2013 – THEMAC Resources Group Limited (TSXV:MAC) (“THEMAC” or the “Company”) today announced that Andrew Maloney has been appointed as a Director and Interim Chief Executive Officer, effective the 15th February, 2013.

Andrew Maloney is Managing Director of Tulla Group, the family investment office of the Maloney’s. Tulla Group is the major shareholder in THEMAC with its investment focus on the resources sector. Prior to his Managing Director role at Tulla Group, Andrew Maloney was an Executive at The MAC Services Group, Australia’s largest integrated mining accommodation provider. During his 10 years at The MAC Services Group, he was instrumental in that company’s growth, its public listing on the ASX in 2007 and then the ultimate sale of the company in 2010 for $651m to the NYSE listed Oil States International Inc. While at The MAC Services Group, Andrew Maloney also served as Chairman of the Investment Committee.

Andrew Maloney has held numerous roles in the development and construction industry. He holds a Bachelor’s Degree in Project Management from the University of Technology in Sydney and has also completed a Master’s Degree in Business Administration at IE in Madrid, which is currently ranked as Europe’s top business school.

The new Chief Executive Andrew Maloney said, “I’m looking forward to leading the business through this period of development. THEMAC has a great team and we will be working hard to achieve the key project milestones ahead of us and more importantly generate value for our shareholders. These targets include completing a Definitive Feasibility Study and permitting to develop the Copper Flat project, and funding for the project’s construction.”

Andrew Maloney has been reviewing the funding requirements for the Copper Flat Project and is currently in discussions with financial partners. An amendment to the existing debt facility provided by Tulla Group has been agreed in principal, with the facility increasing from C$25m to C$30m to provide working capital to the Company as it continues with the Definitive Feasibility Study and permitting requirements for the project. The facility is proposed to be extended until 31 July 2013, and to be secured by a fixed and floating charge over the assets of the Company and its subsidiary, New Mexico Copper Corporation. Kevin Maloney, the Chairman of the Board of THEMAC, is also the controlling shareholder of the Tulla Group, and together with the Tulla Group controls 50,806,879 common shares of the Company, representing 68.55% of the outstanding shares. The Facility is not convertible into shares of the Company, and the amendment to the facility will not affect Tulla’s or Kevin Maloney’s shareholdings in the Company. The amendment to the facility has been reviewed and approved by the independent members of the Board of Directors. The amendment to the Facility is subject to the approval of the TSX Venture Exchange.

In connection with the appointment, the Company granted to Andrew Maloney options to purchase 500,000 common shares of the Company, exercisable at $0.38 per share, pursuant to the Company’s stock option plan.

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team which acquired the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA in May 2011. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 74,117,622 common shares (fully diluted share capital 136,648,241).

For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).

For further information
contact:

THEMAC Resources Group Limited

Andrew Maloney

Phone: +44 7539 466703

The Copper Flat Mine - Site Tour SummaryPosted: 10/12/2012 | Posted By: News Resource/Publisher

​During the summer months, we hosted a series of tours, and we want to express our gratitude that so many people in the community took time out of their day to visit us at the Copper Flat Mine.

Our hope in inviting communities to visit the Copper Flat Mine Project was to get more people in Sierra County acquainted with the site. We were thrilled to have so many of you from the community attend; we enjoyed show- ing you around the site, answering your questions, and discussing the topics of interest and concern over several beautiful days. Understandably, the main concern of many visitors was water supply and water quantity.

Our planned fall 2012 aquifer test will collect additional data needed to better understand the aquifer characteristics. This test will last up to 16 days and pump an expected 150 acre-feet of water. We have explained that – if it is shown in the future that Copper Flat’s operations negatively impact somebody’s well – we are committed, as a company, to do what it takes to make it right. Besides water quantity, many attendees also asked about water quality. During the tour, we talked about how our water sampling so far has shown some minerals in the pit area to be in excess
.

Many of our site tour visitors were interested in employment at Copper Flat, and asked when we would be hiring. Pending permit- ting progress, production is anticipated in late 2014 to early 2015, and we will likely begin hiring around mid- to late-2014. We estimate between 250 and 265 jobs
at Copper Flat, ranging from administrative to labor to engineering. We will also require the contractor we choose for mine construction to make every effort to recruit locally for appropriate positions.

We are committed to continue providing updates and news to Sierra County, along with opportunities to get involved, as we continue the permitting process and pre- pare for construction. Please kee an eye out in the newspapers, as we continue to host Copper Flat site tours in the future.

André Douchane


Chief Executive Officer


THEMAC Resources


www.themacresourcesgroup.com

Learn more about the Copper Flat Mine at
 www.themacresourcesgroup.com 
Or call Zack Gorstein, Project & Sustainability Analyst at
 505-234-6285

Village of Williamsburg County of Sierra Resolution # 08 – 2012/2013Posted: 09/13/2012 | Posted By: News Resource/Publisher

A RESOLUTION SUPPORTING THE COPPER FLAT MINE AS GENERATOR OF JOBS WITHIN THE CONFINES OF SIERRA COUNTY:

WHEREAS, the New Mexico Copper Corporation is proposing to establish the Copper Flat Mine to recover copper,

molybdenum, gold, and silver in Sierra County, and

WHEREAS, it is the desire of the Village of Williamsburg to encourage economic development in the area that
benefits job creation, and,

WHEREAS, the Village of Williamsburg is in favor of industries that provide jobs which pay competitive
wages to keep our younger generation in the community; and,

WHEREAS, these potential jobs will have a multiplier effect on the community’s economy allowing other
industries to thrive including restaurants, lodging, groceries, fuel, real estate, construction and businesses that provide goods and services; and,

WHEREAS, a healthy and sustainable economy improves the quality of life for all residents in the Village
of Williamsburg; and,

WHEREAS, it is the desire of the Village of Williamsburg to welcome and support businesses to locate near the
city and employ local citizens while also demonstrating environmental stewardship with copper and other natural resources production.

NOW THEREFORE, BE IT RESOLVED that the Village of Williamsburg urges and encourages the granting of state and
federal permits needed to facilitate the operation of Copper Flat Mine in the County.

PASSED, ADOPTED AND APPROVED THIS 13th day of September, 2012.

City of Truth or Consequences County of Sierra Resolution # 30-11/12Posted: 04/24/2012 | Posted By: News Resource/Publisher

​A RESOLUTION SUPPORTING THE COPPER FLAT MINE AS GENERATOR OF JOBS WITHIN THE CONFINES OF SIERRA COUNTY:

WHEREAS, the New Mexico Copper Corporation is proposing to establish the Copper Flat Mine to recover copper, molybdenum, gold, and silver in Sierra County, and

WHEREAS, it is the desire of the City of Truth or Consequences to encourage economic development in the area that benefits job creation, and,

WHEREAS, the City of Truth or Consequences is in favor of industries that provide jobs which pay competitive wages to keep our younger generation in the community; and,

WHEREAS, these potential jobs will have a multiplier effect on the community’s economy allowing other industries to thrive including restaurants, lodging, groceries, fuel, real estate, construction and businesses that provide goods and services; and,

WHEREAS, a healthy and sustainable economy improves the quality of life for all residents in the City of Truth or Consequences; and,

WHEREAS, it is the desire of the City of Truth or Consequences to welcome and support businesses to locate near the city and employ local citizens while also demonstrating environmental stewardship with copper and other natural resources production.

NOW THEREFORE, BE IT RESOLVED that the City of Truth or Consequences urges and encourages the granting of state and federal permits needed to facilitate the operation of Copper Flat Mine in the County.

PASSED, ADOPTED AND APPROVED THIS 24th day of April, 2012.

State of New Mexico Sierra County Resolution No. 100-075Posted: 04/05/2012 | Posted By: News Resource/Publisher

​Supporting the mining of copper, molybdenum, gold, and silver within the confines of Sierra County, specifically supporting Copper Flat Mine

WHEREAS, Sierra County is endowed with natural resources including copper which is an important industrial element used in infrastructure, electrical power generation and transmission.

WHEREAS, it is the desire of the Sierra County Board of Commissioners to protect the economic base of Sierra County’s natural resources in a responsible fashion; and,

WHEREAS, the economic base of Sierra County will be enhanced through the copper mine development to offset the poor economic times and create jobs for the people of this County; and,

WHEREAS, the quality of life in Sierra County will be enhanced through the development of copper to allow the county to continue to provide efficient and critical services for its citizens; and,

WHEREAS, the renewable energy needs of our County are dependent upon a continued supply of copper; and,

WHEREAS, it is the desire of the Sierra County Board of Commissioners to support businesses that employ local citizens and utilizes proven technologies that provide community safeguards and balance environmental stewardship with copper and other natural resources production.

NOW THEREFORE, BE IT RESOLVED that the Sierra County Board of Commissioners supports and encourages the granting of state and federal permits needed to facilitate the operation of Copper Flat Mine in the County.

PASSED, ADOPTED AND APPROVED THIS 5th day of April, 2012.

City of Elephant Butte County of Sierra Resolution # 11-12-278Posted: 04/04/2012 | Posted By: News Resource/Publisher

​A RESOLUTION SUPPORTING THE COPPER FLAT MINE AS GENERATOR OF JOBS WITHIN THE CONFINES OF SIERRA COUNTY:

WHEREAS, the New Mexico Copper Corporation is proposing to establish the Copper Flat Mine to recover copper, molybdenum, gold, and silver in Sierra County, and

WHEREAS, it is the desire of the City of Elephant Butte to encourage economic development in the area that benefits job creation, and,

WHEREAS, the City of Elephant Butte is in favor of industries that provide jobs which pay competitive wages to keep our younger generation in the community; and,

WHEREAS, these potential jobs will have a multiplier effect on the community’s economy allowing other industries to thrive including restaurants, lodging, groceries, fuel, real estate, construction and businesses that provide goods and services; and,

WHEREAS, a healthy and sustainable economy improves the quality of life for all residents in the City of Elephant Butte; and,

WHEREAS, it is the desire of the City of Elephant Butte to welcome and support businesses to locate near the city and employ local citizens while also demonstrating environmental stewardship with copper and other natural resources production.

NOW THEREFORE, BE IT RESOLVED that the City of Elephant Butte urges and encourages the granting of state and federal permits needed to facilitate the operation of Copper Flat Mine in the County.

PASSED, ADOPTED AND APPROVED THIS 4th day of April, 2012.

THEMAC Resources Group – BLM Scoping Meeting Thank You – Opinion EditorialPosted: 03/16/2012 | Posted By: News Resource/Publisher

​These days, any company wanting to open a mine in the United States will undergo significant, prolonged public scrutiny. And, that’s a good thing because there are many regulations well designed to protect the environment and the culture of the immediate area surrounding the proposed project.

For our Copper Flat Project, the BLM Scoping meetings that were held Feb. 22 in Hillsboro and the following evening in T or C were important steps in the overall permitting process. About 50 people in Hillsboro and 100 in T or C, the vast majority Sierra County residents, spoke up and expressed their views regarding the project. We were hopeful that more of the local residents would have attended, but we understand that most families have prior commitments.

We are encouraged by the strong level of public support demonstrated at the meetings, and appreciative of the statements made by those who are concerned or opposed. All of the comments made at the meetings go into the record and will be considered in the Bureau of Land Management’s decisions on our permits.

The BLM is designated as the lead agency in the permitting process for Copper Flat, in large part because much of our project is on BLM land. While we need to obtain several Federal, State and County
consents, the overarching permitting document is the Environmental Impact Statement (EIS), which is produced under a federal law called the National Environmental Policy Act, or NEPA. While quoting federal law can be tedious, the opening sentences of NEPA, written in 1969, lay out our country’s permitting policy in a clear, even elegant fashion:

“To declare a national policy which will encourage productive and enjoyable harmony between man and his environment; to promote efforts which will prevent or eliminate damage to the environment and biosphere and stimulate the health and welfare of man; to enrich the understanding of the ecological systems and natural resources important to the Nation.”

To me, that language recognizes modern society’s requirement for natural resource development and at the same time instructs us to do our best to protect the environment. It means that a balance must be achieved between the Country’s need for copper, and the ecosystem’s need for clean and careful mining. Our friends in the ranching and logging businesses today apply this concept as well. Care must be taken to assure resource development that is compatible and sustainable with a healthy environment for future generations.

In New Mexico, we find this balance by having robust discussions and letting people present their views. The BLM Scoping meetings last month were just the first of several opportunities the public will have to scrutinize and weigh in on our project. For example, along with the EIS, the agencies are conducting Environmental Assessments, which evaluate the impacts of and best ways to proceed with such things as our water pumping tests. Those Environmental Assessments are open to public review, just like the EIS.

All of these actions are guided by that desire to achieve “productive and enjoyable harmony between man and his environment.” It doesn’t mean NEPA can be invoked any time to halt sensible development, and it doesn’t mean we can sacrifice America’s natural heritage in the name of economic growth. It means we work together to find balance.

On behalf of everyone at THEMAC Resources, I want to extend our appreciation for everyone’s participation thus far. I encourage you to stay involved in the Copper Flat discussion as we collectively seek to provide needed metals and resources for ourselves and the world, and jobs for New Mexico, in an environmentally responsible fashion.

André J. Douchane

Chief Executive Officer

THEMAC Resources

THEMAC Resources Group - Resource Reserves Increase – Opinion EditorialPosted: 02/24/2012 | Posted By: News Resource/Publisher

​I’m excited to share with the community that we have recently announced an increase in our resource estimate, which came as the result of drilling we completed in 2010 and 2011.

Until now, our total measured and indicated resources were 645 million pounds of contained copper. Based on our latest drilling programs, which allowed us to better understand and define the minerals in the ground, we have been able to increase the resources by 56%, to approximately 1 billion pounds of contained copper.

By definition, a resource is a concentration or occurrence of minerals in the earth’s crust in such form and quantity and of such concentration that it has reasonable prospects for economic extraction. Copper Flat has a very good prospect for economic extraction, which is why we are in the process of completing a feasibility study. The feasibility study will contain economic and engineering information that will define the most environmentally sound, economic and efficient way to extract the metals for the benefit of all.

As a result of re-analyzing some of our historical drill samples from Copper Flat’s earlier drilling efforts, we have been able to estimate the gold and silver contained in a portion of the deposit and make it part of our most current mineral estimation. We’re planning on continuing the effort to obtain as much of the gold and silver information as possible from the previous drilling, and hope to have this completed by the end of this year.

While this update increases confidence about the amount of copper in this area, and certainly strengthens the project’s economics, we do not expect the mine’s footprint to increase. Geologic evidence shows that the deposit is structurally constrained - meaning simply that the copper is limited to the physical limitation of the Copper Flat basin.

This increase in Copper Flat’s resource also means it’s possible that the mine life could expand from roughly 15 years to as much as 20 years depending on economics. This translates to the very real possibility of more years of high-quality jobs in Sierra County, more tax dollars for local governments, and the production of more metals that are critical to the growth of New Mexico and the United States.

We must remember that copper is a green metal. It is a metal that allows the efficient transmission of electrical energy – something, I think, very few of us could easily get along without.

André J. Douchane

Chief Executive Officer

THEMAC Resources

​THEMAC Resources Announces Plans for the 2012 Copper Flat Exploration and Drilling ProgramPosted: 02/09/2012 | Posted By: News Resource/Publisher

THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) today announced details of its 2012 exploration and drilling program at the Copper Flat copper project, New Mexico.

As stated in the Company’s update NI43-101 resource statement filed February 2, 2012 on SEDAR, the Copper Flat deposit currently contains a Measured and Indicated Resource totaling 194,097 Ktons averaging 0.26% copper, 0.008% molybdenum, 0.002 Oz/t gold and 0.05 Oz/t silver. Additionally, the deposit contains an Inferred Resource totaling 8,206 Ktons at a similar, but slightly lower average grade.
Proposed 2012 Exploration and Drilling Program
The 2012 Copper Flat drilling program will consist of up to 20 angled and vertical core holes totaling approximately 22,000 feet (6,700 meters), which is scheduled to commence during April. The proposed drilling program is designed to accomplish the following:

1. Increase the existing resources by extending known moderate to higher grade mineralization in all directions. The results of this extensional drilling will also be used to optimize the shape and orientation of the final pit design in the upcoming pre-feasibility study.

2. Upgrade additional Inferred Resources to the Indicated category.

3. Further evaluate and better define deeper (greater than 1,000 feet below the surface), higher grade (greater than 0.50%) copper mineralization.


4. Further evaluate the structurally controlled gold and silver mineralization within and proximal to the Copper Flat deposit.

In addition to and in conjunction with the planned exploration and definition drilling, three to six steeply inclined core holes will be drilled to obtain additional geotechnical information, which will aid in the final pit design to be used in the upcoming feasibility study.

“The spring drilling program that is planned for Copper Flat will greatly improve our knowledge of what controls the precious metal deposition and to what extent the gold and silver occurs,” said Andre Douchane, CEO of THEMAC. “We accomplished a lot during 2011, starting from the filing of the draft plan of operations in 2010 to publishing the projects Notice of Intent in the US Federal Register this January which officially began the Environmental Impact Statement process; and, along the way we got the agency cooperating agreement in place and completed and funded the agreement to reimburse the BLM. The 2012 spring drilling program is just another key step toward final design and production.”
Other work that may be undertaken during the 2012 exploration program includes the continued re-logging of historical core; and, in addition to the 2969 pulps re-assayed in 2011 it is planned to assay 4,000 more pulps from historical drilling to confirm copper and molybdenum grades as well as obtain needed gold and silver data in an effort to increase contained precious metals. Additionally, work will be directed toward updating the existing geologic map and undertaking geological reconnaissance and prospecting.

The advanced stage Copper Flat project is the site of a Laramide porphyry copper-molybdenum deposit containing recoverable gold and silver credits located in the Las Animas Mining District of Sierra County, NM, approximately 150 miles (242 kilometers) south of Albuquerque, NM and 20 miles (32 kilometers) southwest of Truth or Consequences, NM.
The Copper Flat project consists of 26 wholly-owned patented mining claims, 184 unpatented mining claims and 29 placer mining claims totaling 4,241 acres (1,717 hectares).

About THEMAC Resources Group Limited

THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 74,117,622 common shares (fully diluted share capital 136,423,241).
For more information please visit www.themacresourcesgroup.com or review the Company’s filings on SEDAR (www.sedar.com).
Forward Looking Statements

This news release may contain certain information that constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate” and other similar words, or statements that certain events or conditions “may” or “will” occur, including statements regarding planned work on the Copper Flat Property. Forward-looking statements in this news release include statements regarding the nature, purpose, timing, amount and expected results of the Company’s 2012 exploration and other work programs. Forward-looking statements are based on the assumptions, opinions and estimates of management at the date the statements are made. The assumptions made by the Company in preparing the forward looking statements in this news release, which may prove to be incorrect, include: that new drilling will identify new resources and upgrade or better define existing resources. The forward looking statements made in this press release are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the availability of funds to complete work programs and studies, and other factors described above. The Company disclaims any obligation to update or revise any forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange (the “TSXV”) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) has reviewed, nor do they accept responsibility for the adequacy or accuracy of this release.

THEMAC Resources Group - EIS Process – Opinion EditorialPosted: 02/06/2012 | Posted By: News Resource/Publisher

The BLM has begun an important part of the Copper Flat permitting effort, the evaluation of the environmental impact of the mine via an Environmental Impact Study. Much of the testing, studies, and other groundwork we’ve been working on over the past two years has been conducted to prepare for this phase of the project, which feeds into both the BLM (federal) and state permitting processes.

The evaluation process results in an Environmental Impact Statement (EIS), which will provide definitive information on the mine’s potential effect on the surrounding communities and environment. This is required under the National Environmental Policy Act, and it ensures that environmental factors are considered in a Federal Agency’s decision-making process. Comments from the public, along with
details from our pre-feasibility study, will feed into the range of project alternatives evaluated under the
EIS.

The Bureau of Land Management (BLM) chose Mangi Environmental Group to draft the EIS. The BLM chooses a third-party contractor that has the experience and capacity to complete an EIS that meets federal laws and BLM regulations.

Representatives of the BLM, Mangi, THEMAC, and New Mexico State agencies met in late-January to tour the site. A kick-off meeting followed in Las Cruces at the BLM offices the next day. The purpose of the meeting was to discuss and agree on respective responsibilities, schedules, goals, communication protocols, and milestones.

BLM, with the support of Mangi Environmental, will host public scoping meetings later this month in
Hillsboro and Truth or Consequences. These meetings will provide opportunities for the public to
provide comments and identify potential concerns. Scoping meetings help ensure that interested parties have a voice and are heard regarding the development of the Copper Flat Mine. Whether you are for, neutral, or against the Copper Flat mine, I ask you to please attend these meetings.

The scoping meetings are scheduled for February 22nd from 7-9 pm at the Hillsboro Community Center on Elenore St. in Hillsboro, NM 88042 (575-895-3300) and February 23rd from 7-9 pm at the Truth or Consequences Civic and Convention Center 400 West Fourth in Truth or Consequences, NM 87901 (575-
894-6673). The web address for the project is: Cuflateis.com, and a toll free number is: 866-760-1421. The BLM and Mangi is publishing the Scoping Meeting announcements; we are repeating this information here. Please keep an eye out in the newspapers and postings in public places for the announcements and reminders regarding meeting dates, times, and locations.

As you can see, there are numerous opportunities for the public to learn more about the project, track its progress, and provide comment. The first of these opportunities is coming up in a few weeks, and I hope you will come and speak with the BLM, Mangi and the project team about the Copper Flat Mine project.

André J. Douchane

Chief Executive Officer

THEMAC Resources

THEMAC Resources Group – Listening & Outreach Sessions Re-cap – Opinion EditorialPosted: 12/23/2011 | Posted By: News Resource/Publisher

​THEMAC Resources Group held its third round of Listening and Outreach sessions last Thursday and Friday, in Hillsboro and Truth or Consequences. We had several updates on the Copper Flat Project that we wanted to share with Sierra County, and these sessions, which we have pledged to continue every quarter, are a great place to do so.

Heading into 2012, we continue to be on track towards startup and production in early 2015. The year is kicking off with the official start of our Federal Environmental Impact Statement (EIS) process, which will provide definitive information on the mine’s potential effect on the surrounding environment. We have been conducting studies and analyses since early 2010 in order to have the necessary information to set the base line for the EIS process. To ensure that the EIS is executed impartially, a third-party environmental firm is chosen by the Bureau of Land Management (BLM). For our EIS, the BLM has chosen Mangi Environmental Group. Mangi deals exclusively with EIS work, and has experience doing this in New Mexico.

As we mentioned in a previous editorial, the Federal EIS process includes Scoping Meetings. These public meetings are essential to the process, allowing all citizens to voice their opinions and concerns, and be heard by the regulatory agencies. If you’re interested in being notified about the Scoping Meetings, please contact us.

We also discussed an important engineering milestone. We are finishing our pre-feasibility study, the final report of which is expected in the first quarter of 2012. The analyses completed in the pre- feasibility will help define layout, mine plan, processing and metallurgy; water use; and tailings impoundment design. The pre-feasibility study not only feeds the design and layout of the mine and its related components, but it will also feed important information into the permitting processes. We will begin the final feasibility and engineering work in 2012 which will take nine to twelve months. We will provide additional information as these studies advance, bearing in mind that a definitive answer to questions may not come until the final feasibility study is complete.

We discussed water, which is a concern for both the communities and THEMAC. The aquifer test is currently planned for March 2012, pumping from the THEMAC well-field approximately 8 miles east of the mine area. The results of this test will help finalize the groundwater model, which will then list potential impacts to surface and groundwater resources from the mine’s usage.

There were a wide range of questions asked, some keyed to our water usage. One particular question asked why – if we only plan on using 31 to 39% of our declared water right – do we continue to maintain control of the full 7,481 acre feet? This is a great question. Not only are these water rights a corporate asset, but we cannot simply “give them up.” Further, these water rights are tied to the mine, specifically for the purpose of mining at Copper Flat. However, once we begin operating, we will only use the water needed for Copper Flat Mine processes.

We have pledged to be good stewards of our environment, and that means managing the water use with a keen eye to water conservation. This makes economic and practical sense; pumping excess water eight miles uphill is an expense that we’d rather not incur. Further, as a zero discharge facility, storing any excess water at site would present an unnecessary risk of a permit violation. Lastly, any excess water stored at site would likely have to be contained in a lined pond or tank – another expense we would rather avoid. We assure you that, for all the above reasons, we will not draw more water than we plan to use.

These are just a few highlights from the Listening and Outreach Sessions. We were pleased by the strong turnout and thoughtful questions about the project, and we hope we provided useful information in return. We would like to thank the Barbershop Café and La Cocina for hosting us, and we hope to see the continued presence of familiar residents as well as new faces at future sessions.

André J. Douchane Chief
Executive Officer
THEMAC Resources