Equus Mining Limited announced that Equus has executed its Option with Mandalay Resources (Mandalay) over the Cerro Bayo Project and at the Closing Date will assume 100% ownership of the mine infrastructure including the operational 0.5Mtpa flotation plant located centrally to the 295 km2 mining claim package. Within the expansive 295km 2 mining claim package at Cerro Bayo, Equus is evaluating potential for additional feedstock for the plant based on the delineation of a JORC 2012 compliant inferred resource at Taitao of 302koz gold equivalent oz at 2.5 g/t Au equivalent,4 the remnant NI 43.101 resource at the Marcela Mine (21.8KOz gold, 2.74 Moz oz silver with an average grade of 2.53 g/t gold, 318 g/t silver) 5 and potential extensions to mineralisation adjacent to other historic mines throughout the Cerro Bayo Project. Furthermore, the company is aggressively assessing what it believes to be compelling exploration potential at Pegaso and Droughtmaster targets, as well as >100 historically identified veins throughout the Cerro Bayo district that the company considers to remain underexplored.