Aldebaran Resources Inc. report the discovery of a new high-grade gold zone at the Altar copper gold project located in San Juan, Argentina. The Company made the discovery in hole QDM-22-45, which is targeting the North extension of the Radio Porphyry copper-gold target and was drilled beneath the current resource for the QDM Gold deposit. QDM-22-45 is still in progress.

Drill Hole QDM-22-45 is currently being drilled at an azimuth of 133 degrees and dip of -70 degrees. The hole was designed to explore for the northern extension of known porphyry mineralization at the Radio Porphyry target. Currently the Company has received assays for the first 457 metres of hole QDM-22-45.

The top 240 m of the hole intersected an intrusion breccia consisting of dacite porphyry matrix with andesite fragments. At approximately 240 m depth the hole intersected the contact between this dacite intrusion breccia, and the andesite wall rocks. Immediately after the contact, a hydrothermal breccia containing up to 10% sulphides and fine chalcedonic quartz hosts the high-grade gold mineralization.

The hydrothermal breccia is bounded downhole by a dacite porphyry dyke which is also well mineralized. Andesite host rocks continue down to the 457 m mark. From 330 m to 358 m a broad fault zone was intersected.

Beneath this fault, an abrupt change is observed with alteration and veining increasing in intensity as the hole gets deeper and copper values increasing. There are no reportable copper intervals in the first 457 m of the hole, which was expected, as the Radio Porphyry target in this area is known to be deeper. The Company is currently drilling with four drill rigs on the Altar project.

Three are currently at the QDM/Radio area, while the other is at Altar Central. The Company recently completed QDM-21-44 (total depth of 1,440.70 m) in the QDM/Radio area, and samples have now been sent to the assay lab with results for the complete hole anticipated by the end of March. QDM-21-44 encountered multiple challenges while in progress, and deviated significantly from its original trajectory, ultimately missing the intended target.

QDM-22-45, QDM-22-46, QDM-22-47 and ALD-22-220 are respectively 932.50 m, 997.90 m, 172.05 m, and 299.80 m deep at the time of this release. None of the active holes (other than QDM-22-45) are testing the newly discovered gold zone. The Company is evaluating options to follow up on the new discovery and test the extents of mineralization.