VANCOUVER - Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF) (the 'Company' or 'Luminex') is pleased to announce the discovery of a new porphyry copper target: Hapa, located in the northwestern part of the Company's 100% owned Cascas property.

Hapa and Shakai lie on a northwest-southeast trending ZTEM feature that could be a district feature controlling emplacement. The Hapa target is situated 3 km to the northwest of the Shakai porphyry copper centre and was first recognized by company geologists while executing a 200m x 300m grid soil sample survey. The soil grid, orientated northwest-southeast, follows the 2019 ZTEM geophysical survey lines.

Subsequent to its discovery, the size and shape of the Hapa target was defined by infill soil sampling on a 100m x 100m grid within the anomalous area. To date, rock chip and channel samples along creeks have assayed as high as 1.29% copper and 0.33% molybdenum. Copper and molybdenum mineralization occurs as disseminations and blebs in granodiorites, as porphyry-style quartz vein sets and as banded sulphide-rich veins comprising pyrite, chalcopyrite, chalcocite, covellite and molybdenite. Native sulphur has also been noted in outcrop and an elevated soil sulphur anomaly coincides with copper, molybdenum and tungsten anomalies in that soil survey data, all indicative of porphyry mineralization. The copper and molybdenum anomaly forms an irregular 'bullseye' with a diameter of approximately 1,000m when contoured at the 400 ppm copper and 20 ppm molybdenum levels. The host rocks are hydrothermally altered and locally faulted granodiorite, granodiorite porphyry and diorite magmas of the Zamora batholith. Late, localized porphyry dikes cut intrusive rocks.

About Luminex Resources

Luminex Resources Corp. (TSXV:LR, OTCQX:LUMIF) is a Vancouver, Canada based precious and base metals exploration and development company focused on gold and copper projects in Ecuador. Luminex's inferred and indicated mineral resources are located at the Condor Gold-Copper project in Zamora-Chinchipe Province, southeast Ecuador. Luminex also holds a large and highly prospective land package in Ecuador, including the Tarqui and Pegasus projects, which are being co-developed with BHP Group plc and Anglo American respectively.

Contact:

Scott Hicks

Tel: +1 604 646 1899

Email: info@luminexresources.com

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