Comstock Mining Enhances Board Governance and Committee Independence

Comstock Mining Inc. (NYSEMKT:LODE) announced that Corrado De Gasperis has been appointed Executive Chairman of the Board, in addition to his existing responsibilities as President & CEO. Mr. De Gasperis is assuming the role as Mr. John Winfield resigns his position as a member and Chairman of the Board.
Comstock Mining President & CEO ,Corrado De Gasperis, stated:

I join the entire board in thanking John for the past five years, for both supporting the tremendous progress made in establishing this landmark platform, where many thought it not possible, and most recently for supporting a watershed restructuring. The restructuring strengthened our balance sheet by significantly reducing liabilities on some of our richest properties, improved our liquidity and dramatically lowered our future capital and mining costs.

Comstock Mining Chairman, John V. Winfield, commented:

I could not be prouder, despite significant obstacles, with the tremendous achievements of consolidating an unprecedented land position, properly zoned and permitted, in a world-class silver and gold district, with minimal royalty commitments and an existing low-cost operating platform while now drilling and developing multiple, high-grade targets. These achievements, coupled with a simpler, more efficient capital structure that equally aligns all shareholders, provides a clear path for maximizing the intrinsic value of the Company’s precious metals, real estate and the unique, historical Comstock brand.

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