Kaizen Discovery Inc. announced positive results from recently completed exploration diamond drilling at the 100%-owned Pinaya Copper-Gold Project, located in the Andahuaylas-Yauri Porphyry-Skarn Belt in southeastern Peru, which contains some of the world's largest recent copper mine developments. Kaizen completed a total of 3,046 metres of diamond drilling in 10 holes at the Pinaya Project, confirming the presence of shallow gold mineralization associated with base metal veins and skarn. The newly identified mineralization confirms that Pinaya is a large, multi-phase porphyry- related system with mineralization occurring over an area of at least 5km by 2.5km and with potential for new concealed porphyry copper-gold intrusions.

Additional evidence of high sulfidation hypogene copper enrichment was intersected in retrograded skarn alteration affecting carbonate-bearing Puno Group conglomerates. TyphoonTM deep-penetration IP-resistivity equipment has been mobilized to the Pinaya camp. A survey covering the entire property will start in early March, with the aim of identifying anomalies potentially related to buried porphyry copper-gold mineralization.

At 129km2, this will be the largest 3D TyphoonTM survey ever conducted. The 2021-2022 diamond drill program comprised 3,046 metres of diamond drilling over 10 holes. Targets were considered to be prospective for skarn and vein-related gold mineralization based on historical IP and geochemical data, combined with Kaizen's more recent geologic mapping and soil sampling (refer to Kaizen's news release dated March 24, 2021).

These targeting methodologies proved to be successful as a number of polymetallic veins were intersected in the northernmost drilled zone, more than 1km north of the area where the presently know Pinaya Mineral Resource is located. Additional veins were intersected 800m east of the resource. The veins are interpreted to be of intermediate sulfidation affinity.

They are sulfide-rich and emplaced into conglomerates and coarse-grained sandstones of the upper Puno Group sediments. They have thicknesses of up to several metres, with selvages of moderate hydrolytic alteration containing illite, chlorite, sericite, clays and sometimes adularia. Vein mineralogy may vary even within the same drill hole, evidencing a multiplicity of hydrothermal events.

Veins normally carry pyrite, arsenopyrite, sphalerite, galena and chalcopyrite in variable proportions. They are also generally anomalous in antimony, tellurium and bismuth, elements characteristic of environments located distal to porphyry systems. Veins generally tend to diminish in intensity with depth.