Anacortes Mining Corp. provide an update on the upcoming drilling program at its Tres Cruces gold project in the prolific Quiruvilca Mining District in northern Perú. The Company previously reported that its wholly owned Peruvian subsidiary, Aurifera Tres Cruces S.A. ("ATC") received approval on March 11, 2022, of the Ficha Technical Ambiental (FTA), the environmental instrument utilized for permitting the exploration drilling program at Tres Cruces.

Subsequent to the approval of the FTA, ATC submitted an application to begin drilling activities, an authorization that includes a further review by the Peruvian Ministry of Energy and Mines (MINEM). As part of this review process, MINEM requested further information from the Company. ATC has submitted this information and final approval of the drilling program is now expected by mid to late May.

In the meantime, drilling contractor Remicsa Drilling S.A. ("Redrilsa") is ready to mobilize, and ATC has selected ALS Global's Peruvian subsidiary, ALS Perú S.A., to carry out the assay services for the drilling campaign. ALS has committed to providing a quick turnaround on assays once drilling commences.