Los Reyes Project New High-Grade Mineralized Zone

Los Reyes Project New High-Grade Mineralized Zone

VANCOUVER – Prime Mining Corp. reported on expansion drilling at the Los Reyes Project located in Sinaloa State, Mexico. These results are from 2023 drilling at the Z-T Area. The Company is reporting 21 core holes at Tahonitas with the following highlights: 3.59 grams per tonne (“gpt”) gold-equivalent (“AuEq”) (3.54 gpt Au and 4.1 gpt Ag) over 6.6 m estimated true width (“etw”) in hole 23TA-85, including: 6.21 gpt AuEq (6.17 gpt Au and 2.9 gpt Ag) over 1.4 m etw, and including, 12.35 gpt AuEq (12.10 gpt Au and 19.1 gpt Ag) over 1.0 m etw; 2.09 gpt AuEq (1.26 gpt Au and 63.9 gpt Ag) over 11.6 m etw in hole 23TA-90, including: 3.83 gpt AuEq (2.61 gpt Au and 94.5 gpt Ag) over 2.2 m etw; 3.74 gpt AuEq (0.99 gpt Au and 212.5 gpt Ag) over 5.7 m etw in hole 23TA-100, including: 10.94 gpt AuEq (2.97 gpt Au and 616.0 gpt Ag) over 1.3 m etw; 2.33 gpt AuEq (0.83 gpt Au and 115.9 gpt Ag) over 7.1 m etw in hole 23TA-91, including: 8.14 gpt AuEq (2.85 gpt Au and 409.0 gpt Ag) over 0.9 m etw; 2.21 gpt AuEq (0.69 gpt Au and 117.8 gpt Ag) over 5.0 m etw in hole 23TA-94; 6.39 gpt AuEq (4.51 gpt Au and 145.3 gpt Ag) over 1.2 m etw in hole 23TA-99.

Chief Executive Officer, Scott Hicks, said, “Drilling at the Z-T Area has discovered a new high-grade mineralized zone of over 350m, along strike to the southeast of the Tahonitas resource pit and has also extended two separate high-grade plunges in this area by an additional 70 to 80m down-dip.   Mineralization here now continues 300m down-dip from the May 2023 resource pits. We are excited to see the potential of this expansion target evolve.”