Filo Corp. provided an update on its exploration strategy for 2024 at the Filo del Sol Project in San Juan, Argentina. The focus this year was drilling within the Aurora Zone and connecting the gap that previously existed between Aurora and Bonita.

In addition to producing some of its best ever drill intersections, drilling at Aurora refined geological interpretation and improved understanding of the deposit, leading to the development of a 3D deposit model. Step-out holes highlighted that there is no gap between Aurora and Bonita and it is all part of one continuously mineralized trend which is open at both ends. The opportunity for substantial growth of the deposit and the potential for new discoveries was highlighted by the results of geophysical surveys completed during the year and the discovery of new styles of mineralization in several drill holes.

Next year's campaign will be the largest ever at Filo. This complex geological history has created a heterogeneous orebody which is characterized by zones of very high-grade copper +/- gold +/- silver mineralization within a large envelope of more homogeneous, lower-grade mineralization. Core diameter is a mix of PQ, HQ and NQ depending on the depth of the drill hole.

RC samples were collected at the drill site by Company personnel with splitting carried out at the Company's field camp near the drill sites. Individual samples represent final splits from 2 metre intervals down the hole. On average, 9% of the submitted samples are Quality Control samples.

No data quality problems were indicated by the QA/QC program. Copper Equivalent (CuEq) for drill intersections is calculated based on USD 3.00/lb Cu, USD 1,500/oz Au and USD 18/oz Ag, with 80% metallurgical recoveries assumed for all metals. The formula is: CuEq % = Cu % + (0.7292 * Au g/t) + (0.0088 * Ag g/t).

In particular, this press release contains forward-looking information pertaining to assumptions made in the interpretation of drill results, geology, grade, geochemistry, potential implications of geophysics interpretations, and continuity of mineral deposits; expectations regarding access and demand for equipment, skilled labour and services needed for exploration and development of mineral properties; and that activities will not be adversely disrupted or impeded by exploration, development, operating, regulatory, political, community, economic, environmental and/or healthy and safety risks. In addition, this news release may contain forward-looking statements or information pertaining to: potential exploration upside at the Filo delSol Project, including the extent and significance of the porphyry copper-gold system underlying the current Mineral Resource and the prospectivity of exploration targets; exploration and development plans and expenditures, including a transition to year-round operations and the timing thereof; the ability of the Company's COVID-19 operating protocol to continue to meet government-mandated health and safety guidelines enabling it to conduct its field programs as planned; the success of future exploration activities; potential for resource expansion; ability to build shareholder value; expectations with respect to adding to its Mineral Reserves or Resources through exploration; expectations with respect to the conversion of inferred resources to an indicated resources classification; ability to execute planned work programs; plans or ability to add additional drill rigs; timing or anticipated results; timing or anticipated results from the Company's COVID- 19 operating protocol to continue to continue to meet government- mandated health and safety guidelines enabling it To conduct its field programs as planned, the success of future exploration activities.