Antilles Gold Limited announced that it has received approximately 70% of the assays from the outcropping gold domain of the El Pilar oxide deposit in central Cuba, from a recent 1800m drilling program. The outstanding gold assays, and the copper results previously reported indicate a robust gold and copper discovery is emerging at El Pilar for both the oxide and sulphide ores. Highlights Drill Hole: PDH-002 Gold Domain 53.5m at 10.92 g/t Au from 12m (Including 18.4m at 14.00 g/t Au from 45m).

PDH-003 Gold Domain 8.0m at 5.74 g/t Au from Surface. PDH ­ 003A Gold Domain 18.0m at 2.00 g/t Au from 4.0m. PDH ­ 004A (part) Gold Domain 2.0m at 5.08 g/t Au from 2.9m, 9.0m at 1.94 g/t Au from 16.9m.

PDH -001 Gold Domain 20.0m at 2.87 g/t Au from surface (Including 3.0m at 13.81 g/t Au from 10.0m). PDH-001A Gold Domain 4.3m at 4.47 g/t Au from surface 13.4m at 3.53g/t Au from 14.3m Assays from holes 001 and 001A were reported previously (8 November 2022), and those from 005, 006, and part of 004A are due next week, as are Cu assays from holes 005, and 006. The assays should be considered as preliminary as they were undertaken at the Cuban Government's LACEMI (Laboratorio Central de Minerales) laboratory in Havana which though capable and with modern equipment, is not certified.

All assays will be replicated at SGS's laboratory in Canada within the next four to six weeks. Sampling Techniques and Data are set out in the JORC Code 2012 Edition Template attached. Assays from the gold domain of the El Pilar oxide deposit, together with earlier results from the underlying copper domain, and those from 28,000m of historic drilling indicate it is highly likely the oxide deposit will support the development of a low cap-ex open pit mine to produce gold and copper concentrates.

Subject to the 7,000m drilling program on the oxide deposit to be undertaken between February and April 2023, replicating recent drilling results, a mine could be developed at El Pilar by the end of 2024, and financed primarily by advances from the sale of concentrates.