Altamin Limited (Altamin or the Company) provided results from its 2022- 2023 resource step out and infill drill program at its Gorno Zinc Project (the "Project"). Drilling with one underground diamond rig has, so far, completed 29 diamond drill holes from the Forcella Level (940m RL) of the Zorzone panel. Edilmac SRL, Alta's Italian drilling and mining contractor, mobilised to site in Q4'22 and has completed drilling pad preparation, ventilation, power and water installations to enable drilling on the Forcella Level.

This first phase of diamond drilling is at Forcella, with subsequent drilling phases moving into the far northern (Cascine) and eastern (Pian Bracca) areas of the mine. These programs are planned to be completed within the next 12-18 months and comprise significant step out expansion and infill drilling intended to upgrade the category of the Mineral Resource estimate (MRE) ahead of the Definitive Feasibility Study. The work is being funded by virtue of the recent partnership announced with Appian.

Higher grade intervals were calculated using a cut-off grade of 4.0% Zn. The orientation of the mineralisation is thought to be generally dipping to the south-east at between 5 and 45 degrees, with slight undulation caused by alpine deformation.