AIC Mines Limited announced results from the first 10 drillholes completed as part of the resource extension and definition drilling program currently underway at its Jericho Copper Deposit, located 4 kilometres south of the Company's asset, the Eloise Copper Mine. Jericho Copper Deposit: The Jericho copper deposit is located 4 kilometres south of the Eloise Copper Mine and processing plant. Planned development of the Jericho mine and expansion of the Eloise processing plant is expected to increase production to over 20,000 tpa copper and 10,000 ozpa gold, transforming Eloise into a true cornerstone asset for AIC Mines.

The Jericho deposit currently has a defined strike length of 2.3 kilometres. It commences at approximately 50m below surface and extends to a vertical depth of 550m below surface. The mineralisation remains open along strike and at depth.

Jericho mineralisation occurs in two parallel lenses ­ J1 and J2. Higher grade shoots within these lenses, namely Matilda, Jumbuck and Billabong, are the current focus of mining studies. Jericho Resource Extension and Definition: A diamond and RC drilling program commenced in May 2023 to target extensions to the Jericho resource and infill high-priority areas of the Jericho resource.

The program has recently been revised to 18,000m of drilling. The aim of the drilling is to: Convert higher-grade areas of the Inferred Resources above the -100mRL to Indicated Resource category via a drill spacing of 50m by 50m. Investigate strike extensions, both north and south, along the J2 Lens.

Test the down-plunge continuation of the high-grade Jumbuck shoot. Test the Jericho North target. Assay results from the first 10 drill holes have recently been received.

Drilling of the J2 Lens returned the following significant intercepts, including two of the best intercepts ever drilled into the J2 Lens. JEDD004 ­ 11.1m (7.0m ETW) grading 3.4% Cu, 0.13g/t Au and 3.1g/t Ag from 134.8m, including 2.4m (1.2m ETW) grading 11.0% Cu, 0.18g/t Au and 9.5g/t Ag from 139.3m; JEDD004 ­ 2.7m (1.2m ETW) grading 3.8% Cu, 0.16g/t Au and 4.3g/t Ag from 156.8m; JEDD005 ­ 7.3m (4.1m ETW) grading 2.6% Cu, 0.45g/t Au and 2.1g/t Ag from 172.3m; and JEDD012 ­ 3.0m (1.8m ETW) grading 1.8% Cu, 0.90g/t Au and 2.7g/t Ag from 189.9m. The impressive results from JEDD004 and JEDD005 extend a zone of >2% Cu in the Billabong shoot above the 0mRL to the unconformity, improving the width and extent of the zone.

The zone remains open at depth and further drilling as part of this program will test the down dip component. The first hole into the J1 Lens targeted a lower grade zone of Inferred Resources north of the current mine design. It has returned better than expected results, indicating the presence of continuous mineralisation north of the main Matilda shoot: JERC001 ­ 6.0m (4.0m ETW) grading 2.1% Cu, 0.33g/t Au and 2.4g/t Ag from 101.0m.

Resource extension drilling (holes JEDD009 and JEDD013) between the Jumbuck and Matilda shoots has confirmed the zone is variable in nature consisting of both lower and higher-grade mineralisation (from 0.5% to >2.0% Cu). Holes JEDD010 and JEDD011 targeting the southerly strike extension of the J2 Lens have confirmed mineralisation is extending to the south and remains open: JEDD010 ­ 3.3m (2.4m ETW) grading 1.2% Cu, 0.38g/t Au and 1.5g/t Ag from 125.7m and JEDD011 ­ 3.0m (1.9m ETW) grading 1.4% Cu, 0.10g/t Au and 1.6g/t Ag from 182.7m. A series of metallurgical testwork holes have also been completed.

Of note was hole JEDD003, which intersected a thick interval of mineralisation, outside the known mineralised zones, between the J1 and J2 Lenses: JEDD003 ­ 12.4m (8.5m ETW) grading 1.1% Cu, 0.17g/t Au and 1.2g/t Ag from 171.0m; Including 0.7m (0.5m ETW) grading 7.8% Cu, 0.46g/t Au and 7.7g/t Ag from 172.7m. This interval suggests that smaller discrete lenses of mineralisation may exist between the main lenses.