Further to the news release issued June 10, drilling at Santo Tomas remains voluntarily suspended and drillers are being given a furlough until drilling resumes. Shareholders will be informed by news release of the resumption of drilling.

Activities at the Company’s core handling and storage facility, Ranchito, have continued during the week; the logging and preparation for shipment to assay labs of recently drilled core. Additionally, Oroco is logging historical drill core.

A video detailing the multiple steps involved in the logging process is being prepared and will be released in an upcoming Weekly Update.

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These historical resource estimate models are based upon historical resource estimates prepared by John Thornton in 2011. While, in the opinion of Dane A. Bridge, author of the revised NI 43-101 standard technical report, Geology, Mineralization and Exploration of the Santo Tomas Cu-(Mo-Au-Ag) Porphyry Deposit, Sinaloa, Mexico dated April 21, 2020 (the “Report”), reliable estimation practices were used, in order to upgrade or verify the historical estimations, resampling and assay of historical drill samples, twinning of historical drill holes, and a new program of regularly spaced drilling is required. No qualified person has undertaken sufficient work to classify the current mineral resources or mineral reserves upon which these models are based and the Company is not treating the estimates as current estimates of the mineral resources. The Company gives no assurance that either these models or the historical resource estimates upon which they are based are accurate, and does not undertake any obligation to update the models or to release publicly any update or revisions of the resource estimates except as required by applicable securities law. The reader is cautioned not to rely upon these models or the historical resource estimates upon which they are based.

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