Commonwealth Silver and Gold Mining Inc. Announces Meeting of Securityholders to Approve Acquisition by Marlin Gold Mining Ltd.

TORONTO, ONTARIO -- (Marketwired - Apr 23, 2015) - Commonwealth Silver and Gold Mining Inc. ("Commonwealth Silver" or the "Company") is pleased to announce that a Special Meeting of securityholders has been called to approve the arrangement transaction with Marlin Gold Mining Ltd. (TSX VENTURE:MLN) ("Marlin") as announced on March 30, 2015. Pursuant to the arrangement, Marlin has agreed to acquire, in an all cash transaction, all of the issued and outstanding common shares ("Commonwealth Shares") of Commonwealth Silver, through a wholly owned subsidiary, by way of a statutory Plan of Arrangement (the "Arrangement") under the Canada Business Corporations Act.

The Special Meeting will be held on Monday, May 4, 2015, at 11:00 am at the offices of Peterson & Company LLP, 390 Bay Street, Suite 806, Toronto, Ontario, M5H 2Y2. The record date for the Special Meeting is the close of business on April 22, 2015. Details of the proposed transaction are provided in the information circular of the Company dated April 23, 2015. Copies of the information circular may be obtained from the Company upon request, and the information circular is posted on the website of the Company at www.commonwealthsilver.ca.

The Company will make an application to the Supreme Court of British Columbia for a final order approving the Arrangement at Vancouver, British Columbia, on or about May 7, 2015 at 9:45 a.m. (Vancouver time) or as soon thereafter as counsel may be heard.


About Commonwealth Silver and Gold Mining Inc.

Commonwealth Silver and Gold Mining is a private Canadian mineral exploration and development company focused on acquiring gold and silver properties in politically stable, mining friendly jurisdictions and advancing its flagship Commonwealth Project in Arizona towards production. The Company comprises an experienced management group with a strong background in acquisition, exploration, development and financing of precious metals mining projects.


CAUTIONARY NOTE REGARDING FORWARD LOOKING INFORMATION

This news release contains certain "forward-looking information" under Canadian securities laws. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. This can include, but is not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes etc. Forward-looking information addresses future events and conditions and therefore involves inherent risks and uncertainties. There can be no assurance that outcomes anticipated in the forward-looking information will occur and actual results may differ materially from those currently anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise any forward-looking information, except as may be required by law.

No stock exchange, regulation securities provider, securities commission, other regulatory authority or Marlin, has approved or disapproved the information contained in this news release.



Contact

Commonwealth Silver and Gold Mining Inc.
Michael Farrant, President & CEO
416-278-4149
mfarrant@commonwealthsilver.ca
www.commonwealthsilver.ca