Altamira Gold Corp. provided an update on its ongoing second stage diamond drilling programme at the Maria Bonita gold discovery at its Cajueiro project located in the states of Mato Grosso and Para, Brazil. The Maria Bonita target forms part of the Cajueiro project which is located approximately 75km NW of the town of Alta Floresta in the state of Mato Grosso in central western Brazil.

The project is easily accessible by road and has grid power and local water supply. Cajueiro is one of three key projects that Altamira controls in the region, the other two being Apiacas and Santa Helena. The Maria Bonita target is located 7km to the west of the Company's NI 43-101 Mineral Resource at Cajueiro which currently comprises 5.66Mt @ 1.02 g/t gold for a total of 185,000 oz in the Indicated Resource category and 12.66Mt @ 1.26 g/t gold for a total of 515,000oz in the Inferred Resource category.

Initial diamond drilling in 2023 at Maria Bonita revealed consistent gold-mineralised intervals in seven of the nine initial scout diamond drill holes, including 69m @ 1g/t in MBA005, 50m @ 1.1 g/t gold in MBA004, 55m @ 1.0 g/t gold in MBA002, 50m @ 1.0 g/t gold in MBA001 and 45m @ 1.4 g/t gold in MBA003. Disseminated gold mineralization in the initial discovery holes is hosted within rhyolitic intrusive rocks. Importantly, although there is no outcrop in the discovery area, the mineralization is present from surface over most of the known mineralized zone to date.

Following the year-end break, drilling has now re-commenced and a second diamond drill rig has been added. A total of approximately 3000 metres in 20 drill holes are planned with the objective of defining a maiden resource following completion of this drill program.