Minera IRL Limited reported assay results from the final set of drill holes completed as part of Phase 1 of the Two-Phase Long-Hole ("LH") Drilling Campaign currently underway at the Corihuarmi Gold Mine (Corihuarmi) located in central Peru. Highlights of the Phase 1 final drill holes include: TLS23-52, 25.00 m of oxides from 10.00 m depth assaying 0.599 grams Au per tonne ("g/t Au"); TLSU23-18, zero to 20.00 m depth of oxides assaying 0.536 g/t Au; TLSU23-01, zero to 3.00 m depth of oxides assaying 0.508 g/t Au; TLS23-36, 15.00 m of oxides from 10.00 m depth assaying 0.504 g/t Au; TLAD23-30, 25.00 m of oxides from 10.00 m depth assaying 0.364 g/t Au. Gold mineralization at Corihuarmi is mined by open pit methods.

The average grade of the mineralized material placed on the leach pads between January and June 2023 was 0.193 g/t Au.