Bluestone Resources Inc. announced the Company has filed its Feasibility Study for the Cerro Blanco Gold Project. The recent completion of the Feasibility Study highlighted a project that is capable of producing over 300,000 ounces per year at head grades of +2.0 g/t gold. The project will produce 2.6 million ounces of gold over the life of mine at first quartile all-in sustaining costs.

As reported in the press release dated February 22, 2022, highlights include: Life of mine production of 2.6 million ounces of gold and 10.6 million ounces of silver over an initial 14-year mine life. Peak production of 347,000 ounces and average annual production of 241,000 ounces gold over the first ten years of operation. Average life of mine AISC of $629/oz (net of credits).

Average annual free cash flow of $228 million per year during the first 10 years and life of mine total free cash flow of $2.350 billion. Net present value (5%) of $1.047 billion after-tax. After-tax internal rate of return of 30%.

Initial capital of $572 million with an after-tax payback period of 2.2 years. Proven & Probable Reserves of 2.8 million ounces of gold and 12.6 million ounces of silver (53.9 million tonnes at 1.6 g/t Au and 7.3 g/t Ag). The development of the Project is expected to provide substantial economic benefits to Guatemala, both locally and at a national level.

A priority will be to continue to train and develop skills of the local workforce as the Project advances, which is in line with the Company's philosophy of creating shared benefits.