Challenger Exploration (CEL the Company) announced a fully funded new 5-rig 30,000 metre drill program at its Flagship Hualilan Gold project in San Juan, Argentina. The current 45,000 metre program commenced in September 2020 and was completed overnight with drillhole GNDD-264 at Magnata. Assays for approximately 60 drillholes from the 45,000 metre program remain pending. The Company has committed to maintaining all 5-rigs at Hualilan for a minimum of an additional 30,000 metres given the exceptional results achieved from the current drill program which has: Continued to extend the historically defined high-grade mineralisation in all directions; Identified a much larger intrusion-hosted gold system under the historical mineralisation; Defined a number of new zones of both intrusion-hosted and high-grade mineralisation; and Confirmed that high-grade gold mineralisation yet to be discovered at Hualilan is only limited by a lack of drilling. Already it looks like the new 30,000 metre program will emulate the old program. GNDD-264, the last hole in the company's 45,000 metre program, and western most test of the Magnata Fault, has intersected strong mineralisation while GNDD-266, the first hole in the company's new 30,000 metre program to reach target, and the company's most easterly test of the Magnata Fault, has been deepened as it is still drilling through mineralisation. Hualilan continues to surprise the company on the upside and where land in the next 12 months will be a long way ahead of the expectations the company had when it started drilling the company's first hole. Visual Observations, end of current program and start of new 30,000 metre program: GNDD-264: Photos 1 and 2 over the page are from drill hole GNDD-264, the last hole drilled in the Company's 45,000 metre drill program. The hole is the most westerly test of the Magnata Fault Structure being collared 210 metres west of drill hole GNDD-203 which intersected of 21.8m at 4.5 g/t AuEq including 3.6m at 16.2 g/t AuEq on the Magnata Fault. Visually GNDD-264 has intersected strong limestone hosted skarn mineralisation in breccia over 18 metres from 109 metres downhole. Logging has reported vein and fracture hosted disseminated and massive sulphide mineralisation comprising up to 40% pyrite and 10% sphalerite. This mineralization is visually consistent with the Magnata Fault hosted high-grade skarn mineralisation and interpreted as the M1 Magnata Fault. GNDD-264 is still drilling to test the M2 Magnata Fault structure which is prognosed further downhole. GNDD-266: Photos 3 and 4 are from GNDD-266, the first hole in the new 30,000 metre drill program to reach target with GNDD-265, also testing the Magnata Fault at depth, not yet to target. The hole was collared 125 metres south east of GNDD-203 and is the most eastern most collar on the Magnata Fault. It is the first hole in a series of holes designed to extend the Magnata Fault mineralisation to the east following the completion of a access track.