Alara Resources Limited provided an update on its construction and procurement activities at the Al Hadeetha at the Wash-hi Majaza Copper-Gold Project in Oman. Alara owns a 51 per cent equity interest in the joint venture developing the project. Pre-production activities commence at mining site After formal commissioning of pre-stripping of Wash-hi Majaza pit in February 2022, pre-production activities at mine site during the month continued to focus on the following: Topsoil over the first cut area of pit stockpiled and stored for post mine rehabilitation, First blast carried out under the supervision of Royal Oman Police, measuring the vibrations and sound impact over a 1km radius, Excavation and transport of overburden and construction of waste rock dump platforms, Extraction of top copper oxide ore and separate storage, Excavation of 1200m long water diversion channel and settling (decant) tanks, Construction of haul roads from the pit to ROM pad and waste dumping areas.

The images beginning over the page depict some of the recent progress achieved at the site. Since the Company's previous update, Al Hadeetha Resources LLC continued to draw down on finance, using the capital for a number of new purchase orders and contracts. Total cumulative Capex stands at USD 53.6 million in February 2022 which accounts for about 70% of total procurement packages.

With progress on ordering plant equipment and availability of key OEM data on equipment specifications advancing detailed engineering to near completion, basic engineering and detailed drawings are being prepared. Civil drawings of the two major areas have been released and structural and tank fabrication drawings are in progress. In addition, a considerable amount of progress has been achieved in vendor drawing/document engineering.

Manufacturing of all major items has commenced and inspections have been completed for many key electrical components, such as crushers and several more which are in the pipeline in March. Alara Resources LLC has been awarded an exploration drilling contract at the Al Rimal limestone project in southern Oman. Two drill rigs and crew have been mobilized to the site to complete 3500m of drilling in the first phase.