Alta Zinc Limited announced that Exploration Licence "Balme", has been renewed until 27th May 2024. The EL grants the Company the right to explore for cobalt, nickel, copper, silver and associated metals. The EL overlies the northern half of the Company's Punta Corna Project (Project). The Project is located near the northern Italian town of Usseglio, 1.5-hours from the city of Turin and a 4- hour drive from the Company's Gorno project. Historically Punta Corna was an important source of cobalt. It has very similar geology to the Bou Azzer mine in Morocco. Geological mapping and field work by Alta in July discovered extensions of several of the known mineralised veins from the Punta Corna EL into a northern valley of the Balme EL, extending the mineralised vein system 1 km east and 0.7 km north; also a potential new vein system a further 2 km northwest. Follow-up work at these areas is planned for early September. As part of the renewal of the Punta Corna EL the Company has taken the opportunity to expand the EL footprint further to the south and west where mineralised veins have been shown to extend beyond an area of historical mining (Figure 1 Box 3). The Punta Corna EL renewal is progressing well and Alta looks forward to keeping shareholders updated on exploration progress and feedback from the various Government authorities and stakeholders. The Balme EL of approximately 1,550 ha, secures the extensions of the prospective geology from the Punta Corna EL and underpins the Company's current and near-term exploration programs at the Project. It offers significant potential for further mineral discoveries within the Project area.