Electrum Discovery Corp. provided an update on its exploration and corporate activities. With an extensive, highly prospective property portfolio in eastern Europe, Electrum intends to solidify its position as a leading European Cu-Au exploration company.

Current exploration program focused on testing historic copper anomalism in soils at the Timok East Project, which shows a strong spatial correlation with outcropping Jurassic and Cretaceous limestones over a strike length of 6 kilometers; This is considered a target for skarn and/or porphyry-style mineralization and is the subject of further mapping and sampling; Broader prospecting of the greater Timok East Project reveals further targets of interest - including potentially mineralized stockwork within Palaeozoic metasediments - with a historic rock chip assay result of 3.1% Cu1 obtained in the past by First Quantum Minerals, and potential orogenic gold occurrences similar to those at the neighbouring Deli Jovan project. FQM data readily demonstrate a strong spatial correlation between copper anomalism in soils and outcropping Jurassic and Cretaceous limestones over a strike length of 6 kilometers. Considering their proximity to Veliki Krivelj, makes them a target for skarn and/or porphyry-style mineralization.

To date, a total of 372 soil and 22 rock chip samples have been collected by the Company to define targets for geophysical surveys and drill-testing. Eastward prospecting of Timok East beyond the Jurassic and Cretaceous limestones has revealed further targets of interest in Palaeozoic metasedimentary and ophiolitic rocks.