Baroyeca Gold & Silver Inc. to report results from its first surface rock sampling conducted on its recently acquired Atocha Project (previously referred to as the Falan Property) comprising 2,585 hectares located in the Mariquita-Santa-Ana-Frias colonial silver district in the Tolima Department (Colombia), historically the richest primary silver district in Colombia. The company announced on February 5, 2021 that it had closed its agreement with Malabar Gold Corp. ("Malabar") whereby Malabar granted the company an option to acquire a 100% interest in the Atocha property (formerly referred to as the Falan Property). The agreement with Malabar granted the company access to, and a working right over, the property. At closing, title to the property was still registered in the name of a third party, however, documents transferring title to Malabar had been filed in the appropriate registry, recording of which will occur in the usual course. To assure access and the working right are effective during the time until the registration of title is completed, the company has negotiated agreements with the registered party providing for full access to the property and complete control over proposed exploration to be undertaken on the property. To assist the company in carrying out work programs on the Atocha Project, Malabar has agreed to transfer control of its operating subsidiary, Minera La Fortuna SAS, to the Company. The current preliminary geological work being conducted by the company does not require permitting from the regulators in Colombia and the company has informal agreements with the land owners to access and conduct this work due to the small amount of land disturbance involved. Additionally, there is an agreement in place for the general area setting out environmental and social protocols and guidelines to be adhered to when conducting work programs. This high-grade silver-gold vein field was discovered through rock sampling over a 5,000m x 4,000m area, located on trend and south of the historic Santa Ana and El Cristo colonial silver mining district, and immediately east of the Frias colonial silver mine. The 2020 exploration field program expanded a cluster of high-grade silver-gold veins identified by previous operator Condor Precious Metals Inc. ("Condor") in the northwestern corner of the property from 2012 to 2018 . Baroyeca performed a first round of due diligence and reconnaissance in late 2020 resampling two of the zones previously sampled by Condor (11 samples) and identified two new vein zones named Perrika-Cucharo, and El Erizo from which they collected 15 samples. The two rock chip samples from Veta Perrika returned 5.70 g/t Au and 696 g/t Ag and 6.91 g/t Au and 510 g/t Ag respectively. Of the five samples from the El Cucharo vein, three returned higher gold values than Veta Perrika, 17.59 g/t, 15.01 g/t and 10.89 g/t Au together with significant silver values of 168.7 g/t, 187.2 g/t and 217.6 g/t Ag respectively. Rock sampling at El Erizo vein (7 samples) returned silver values all 109.9 g/t or higher with the top three samples reporting 951 g/t, 839 g/t, and 691 g/t Ag. Gold values were lower in this zone ranging from 0.36 g/t to 2.22 g/t. The reader is cautioned that these results set out above are from the analysis of grab rock samples which by their nature are selective and not necessarily representative of mineralization hosted on the property.