El Horcon — project

Past-producing precious metals property located approximately 60 km northwest of Guanajuato, in Jalisco State, approximately 470 km northwest of Mexico City. Comprises 15 contiguous and 1 isolated mining concessions totaling 3,520.71 hectares, with concession expiries 2051-2056. Principal metals of interest are gold, silver, lead and zinc; mineralization occurs along structures, the largest being the Veta Madre with a 5 km strike length. Acquired as part of the MMR acquisition (August 2022) from Great Panther. Commenced processing of existing stockpile material in November 2023, blended with VMC production at the Cata mill. The Company does not consider El Horcon to be a material property under NI 43-101 or NI 51-102 and no current resources or reserves have been estimated. Currently in exploration / development stage.