Filo Mining Corp. provided assay results from hole FSDH057 which successfully extends the high- grade Breccia 41 zone by 175m to the north. FSDH057 was collared 200m to the north of FSDH041 and drilled to the west at an angle of -75o to a final depth of 787.1m before being truncated.

It ended in very high-grade mineralization, with the last 11.1m at 17.60% CuEq (9.11% Cu, 8.87 g/t Au, 230.4 g/t Ag), and entered Breccia 41 at a depth of 776m. This hole represents the most northerly intersection of both the Aurora Zone and Breccia 41 to date. Both zones remain open to the north towards hole FSDH043, which was drilled over 600m to the north and intersected 293.7m at 0.61% CuEq.

FSDH057 also intersected the extension of the flat lying, high-grade silver zone between 404m and 432m, confirming continuity of this zone between hole FSDH055A (200m to the south) and FSDH037 (250m to the northwest). The hole intersected rhyolite volcaniclastics and microdioritic dykes up to 320m, followed by phreatomagmatic and magmatic-hydrothermal breccias along with porphyry bodies. Advanced argillic alteration and silicification are present throughout the hole accompanied by A, B and D type porphyry and epithermal veining.

Both alteration and mineralization patterns confirm continuity of the high-grade Breccia 41 zone intersected in holes FSDH041 and FSDH054 to the south. The entire hole is outside of the resource shell. Drilling is ongoing with 7 diamond drill rigs, in addition to a reverse circulation (RC) rig, and several holes are currently underway.

Holes are designed to explore the area around the high-grade intersection in FSDH041 from the 2020/2021 season, along with some moderate step-outs to test continuity of the Aurora zone, and larger step-out holes to continue to try to find the edges of the mineralized zone. Holes that have now been completed with assays pending include: FSDH055C, located approximately 50m north of FSDH041, was drilled to a final depth of 1,486m. FSDH060, located 2km northeast of FSDH041, was drilled to a final depth of 1,070m.

Assay results for these holes will be released as they are received, analyzed and confirmed by the Company. FSDH065, currently underway, is planned as a scissor hole on the same section as FSDH057. Collared 690 m to the west of FSDH057, and drilling back towards the east, FSHD065 is designed to test the depth extension of the high-grade mineralization reported here.