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September 10, 2014
07:27 EDTWRNPrecious Metals Summit Conferences
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September 9, 2014
16:10 EDTWRNWestern Copper announces operating strategy for casino
Western Copper and Gold announced that its wholly-owned subsidiary, Casino Mining, or CMC, has signed a letter of intent with M3 Engineering & Technology Corporation of Tucson, Arizona, committing to develop an agreement for M3 to operate and maintain the Casino mine. The LOI outlines the general terms and scope by which M3 will operate the heap leach and concentrator processing facilities at Casino and provide procurement and contract management services to CMC. Under the direction of CMC, M3 will manage all aspects of day-to-day operations at the mine site and the port of export, including mining, contract maintenance of mining equipment, power plant operations and maintenance, concentrate storage and load-out, and other support services contracts. This arrangement enhances the Company's ability to finance, build and operate the Casino mine and is expected to provide substantial benefits while having minimal impact on project economics: Reduce start-up risk: Continuity of M3 resources and expertise from the EPCM phase through to commissioning and operations will provide a seamless transition that is expected to reduce start-up risk and accelerate the ramp-up to full production. Effective cost control: M3's considerable experience and expertise in contract management will provide CMC effective cost control during operations. Financing flexibility: The arrangement increases the project's attractiveness to potential partners and acquirers that have limited operating capabilities. Access to expertise: Access to M3's resources and external network reduces the complexity and lead time required to develop an operating team for CMC. This approach will reduce the Company's cash flow requirements until the project receives full notice to proceed and provides CMC the opportunity to organically grow its in-house expertise over a number of years.

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