Angel Wing Metals Inc. announced it has entered into a binding agreement with a private entity to acquire a 100% interest in the 102.87 square kilometre ("km2") La Reyna Property and package held in six titled claims adjoining the El Grande Project to the southeast. The claims cover the Aguila de Oro Mineral District, with its long history of small-scale production for gold, silver, and copper, not ever systematically explored with drilling. See Figure 1. The new larger La Reyna claim surrounds several claims already owned by the Company, providing important exploration continuity in an underexplored precious and base metals mineral district within Mexico's prolific Sierra Madre Occidental mineral province ("SMO").

Pursuant to a Purchase and Assignment Agreement ("The Agreement"), Angel Wing Metals, through its subsidiary Lago de Oro S.A. de C.V., will make a total payment of USD 700,000 upon completion of three performance milestones. USD 150,000 upon signing of The Agreement (paid)- Complete. USD 150,000 upon presentation of The Agreement to, and acceptance for registration by the Public Registry of Mining of Mexico, and – Complete.

USD 400,000 upon Registration of the Agreement by the Public Registry of Mines of Mexico., which Is deemed to be regulatory approval In Mexico. Submitted for Approval. A further payment of USD 50,000 will be due upon Angel Wing Metals identifying each 1.0 million ounces of gold in the Measured and Indicated categories of a Mineral Resource as defined by the Canadian National Instrument 43-101 ("NI 43-101") Standards of Disclosure for Mineral Projects on the La Reyna Property, and a 1.5% net smelter return royalty with Angel Wing Metals retaining a right of first refusal to purchase the royalty for USD 2.0 million.

The Company has entered into agreements for minimum 5-year terms (extendable) with the Ejidos controlling surface access to the expanded El Grande Project, which is necessary for the current phase of exploration that include surface access for exploration, drilling and water usage. The company is committed to sound exploration and social practices, and it highly values the excellent relations shared with the local communities. social and community liaison professionals continue to build long term relations and advance surface access requirements as needed.

With the newly acquired claims, the Company's land holdings now cover 652 km2 in the Northern part of Nayarit State, and part of Sinaloa State, in Mexico. The combined La Reyna and El Grande Properties will be operated collectively as the El Grande Project ("El Grande" or the "Project"). El Grande is located in hilly topography in the westernmost Sierra Madre Occidental ("SMO") adjacent to the flat agricultural lands of the Pacific Coastal Plain.

The 1,200 km-long SMO gold-silver belt is host to numerous historical and current producing mines and remains one of the most actively explored regions in Mexico, primarily for epithermal, porphyry and IOCG type mineral deposits. The Project area is underlain by geology typical of the SMO lower volcanic series.