Filo Corp. announced assay results from hole FSDH084 testing the Aurora Zone along with a summary of the recent geotechnical drilling program at the Filo del Sol Project in San Juan, Argentina. Drillhole FSDH084 infills a 160m gap between holes FSDH055C and FSDH057 with 1,406m at 1.13% CuEq from 170m including: 46m at 310 g/t Ag from 394m in the Silver Zone.

642m at 1.70% CuEq from 616m. 56m at 5.79% CuEq from 772m. Assays received from the geotechnical program returned several mineralized intersections and confirm the presence of strong hydrothermal alteration extending as far as 2km to the east of the Aurora Zone.

The hole reached a final depth of 1,576m and ended in mineralized breccia dominated by granite fragments. The geology in this hole matches the nearby holes and the geological interpretation very well, and provides additional evidence of the regular grade distribution and predictability of mineralization within the Aurora Zone. Geotechnical drilling was carried out in support of the Company's studies of a potential underground adit to provide platforms to more efficiently drill out the Aurora Zone and Breccia 41.

Five holes, totalling 1,597m of drilling, were completed and all holes were sampled in order to characterize the geochemistry of potential waste rock. This drilling encountered significant mineralization in the form of a 12m intersection returning 5.21g/t gold, including 4.0m at 10.25 g/t gold, at a shallow depth in hole FSGT006. This hole is 600m to the east of the nearest hole into the Filo del Sol deposit, and although copper values are uniformly low, it indicates that peripheral alteration and mineralization extend to this area.

The drilling productivity this Austral winter has been remarkably better compared to last winter, due to milder weather conditions and improvements in operational protocols. FSDH087 (Aurora-Bonita gap) is now complete with assays pending, and reached a final depth of1,472m. Assay results for completed holes will be released as they are received, analyzed, and confirmed by the Company.

On behalf of Filo., Qualified Persons and Technical Notes. The scientific and technical disclosure for the Filo del Sol Project included in this news release have been reviewed and approved by Bob Carmichael, B.A.Sc., P.Eng. who is the Qualified Person as defined by NI 43- 101.

Mr. Carmichael is Vice President, Exploration for the Company. 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. 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 del Sol 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 regard to adding 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 the conversion of inferred resources classification; ability to execute planned work programs; plans or ability to execute planned work programs.