“The commencement of mining operations at the new Nicho Main Zone pit has begun reasonably within expectations, especially given there are always aspects of opening a new mining zone to be learned from and optimized. Importantly, the new mining plan provides a significant improvement in gold stacking activities at the Phase 1 leach pad. This positive shift in mine operations, as gold prices strengthen considerably, should provide a strong foundation for operations to return to being cash generative as the year continues,” stated Doug Ramshaw, President of Minera Alamos.

“Drill results are continuing to show the broad scale of mineralization at Pilar as we push out the edges of the known deposit.” commented Brodie Sutherland, CEO. “The infill drilling looks to connect each of the three known trends to date, the results tell us that mineralization does connect across these corridors. Most of the area has never seen detailed drilling and to see mineralization and alteration in all holes showcases the robust system we have.”

Heliostar CEO, Charles Funk, stated “This acquisition is transformative for Heliostar. The Company transitions from single asset developer to a multi-asset producer. The addition of the two producing gold mines provides cash flow to bring new production online.”

Kingsmen Resources Ltd. is pleased to update progress on the Las Coloradas project, located 30km from Hildalgo del Parral, Chihuahua, Mexico. Portions of the Soledad structure were mined by American Smelting and Refining Company, the U.S. based subsidiary of Grupo Mexico in the period 1944 to 1952.