Eagle Mountain Mining Limited ("Eagle Mountain", the "Company") provided updates on its exploration activities at the Company's 100%-owned Oracle Ridge Project ("Oracle Ridge", the "Project") in Arizona, USA. The Company has recently received an initial technical report from Dr Larry Meinert, a world-renowned expert on skarns and associated mineralisation who was engaged earlier in the year to provide support to Eagle Mountain's technical team. The Company would also like to acknowledge the extensive contribution by Jena Kozacek of Upside Modelling who undertook much of the compilations on metal ratios. Dr Meinert's review included examination of drill core, mapping of underground formations and assay analysis. Key conclusions from Dr Meinert's report include: The southern extension to the Oracle Ridge mine area is prospective for additional copper-rich mineralisation. Potential for additional skarn-hosted mineralisation exists in the central and southern part of the Oracle Ridge mine area beneath the Leatherwood intrusive and forms a prime target for deeper drilling. Aeromagnetics is an effective tool in targeting copper mineralisation at Oracle Ridge. Detailed logging of minerals across the deposit will allow vectoring towards copper-rich zones. Dr Meinert will continue to collaborate with Eagle Mountain's technical team to further improve the knowledge of the mineralisation system, evaluate exploration results at near mine targets including OREX, and define new prospective areas in the Oracle Ridge region. Dr Meinert's assistance in training to the Company's technical team in Arizona has been extremely valuable and greatly appreciated by Eagle Mountain's geologists. The spatial distribution of copper, zinc and lead values shows evidence of an upwelling of high- temperature, copper-rich fluids in the central mine area, which is also where the majority of the known mineralisation is situated. In addition, copper-zinc and zinc-lead ratios are also elevated to the south, indicating a possible additional source of copper-rich fluids in that direction. While zinc and lead mineralisation in the skarns at Oracle Ridge is generally of uneconomic grades, they are beneficial in defining the directional flow of hydrothermal fluids when the mineralisation was deposited. Therefore, this analysis can then assist in vectoring towards the source of mineralisation. Recent drilling has confirmed the southern part of the Oracle Ridge mineralised system to be well endowed in copper, silver and gold with outstanding results including: WT-20-05: 15.1m @ 1.72% Cu, 16.87g/t Ag and 0.38g/t Au from 313.9m WT-21-06: 12.7m @ 3.96% Cu, 49.11g/t Ag and 1.38 g/t Au from 363.1m WT-20-10: 13.3m @ 2.43% Cu, 52.6g/t Ag and 0.94g/t Au from 348.7m WT-20-11: 8.4m @ 2.8% Cu, 18.75g/t Ag and 0.61g/t Au from 285.6m. Depth potential within the Oracle Ridge mine footprint is enhanced by the following observations: Favourable geological units are mineralised in many locations where they are in proximity to the Leatherwood granitic intrusion, Hydrothermal fluids tend to pond beneath traps such as the Leatherwood-Sediment contact where the geological boundary acts as an impermeable layer, Copper-mineralised skarn could occur at depth, below the lower Leatherwood contact: In the same rocks which are endowed at the mine, due to structural repetition, In older limestone units where they are in contact with the Leatherwood granitic, intrusive. The majority of mineralisation at Oracle Ridge has a strong magnetic signature due to the abundant magnetite present in the copper-mineralised skarn. Geophysical surveys will be used to detect magnetic anomalies to be drilled. The Company has successfully tested discrete magnetic anomalies at Oracle Ridge (e.g. WT-21-03 returning 12m @ 3.47% Cu, 50.22g/t Ag and 0.02g/t Au) and the southern zone coinciding with a strong magnetic high, further enhancing its prospectivity. Good mineralisation has also been found in non-magnetic areas, however the current focus is to examine the magnetic high zones. The outcomes of Dr Meinert's work support the Company's decision to prioritise exploration drilling at the Oracle Ridge mine in the southern zone. Several pads have been recently established and roads refurbished to facilitate better access to this area in the coming months. The drill rig has recently moved from the eastern side of Marble Mountain and is currently drilling from one of these new pads. A drone-supported magnetic survey has been recently completed at OREX and the data is currently being interpreted. Results of the survey will be used to prioritise drill targets in this area. Finalise results of the magnetic survey at OREX for drill targeting; Confirm mobilisation of a third diamond drill rig to site; Undertake geochemical evaluation of the OREX outcrops to assist vectoring towards potential sources of the mineralisation found at surface; Undertake additional structural modelling in the central and southern zones of the Oracle. Ridge mine and project these zones towards the Leatherwood intrusive contact for drill targeting; and Continue diamond drilling in the southern zone of Oracle Ridge mine in the area coinciding with the strong magnetic anomaly.