GALENA MINING LTD. announced that the construction progress at its Abra Base Metals Mine ("Abra" or the "Project") has reached 92% complete as of 31 October 2022. Underground mine has reached the first ore and plant commissioning continues in several key areas with the project focussed on achieving first concentrate production in First Quarter 2023. Overall progress continues to remain in line for Project completion, with first commercial production expected in First Quarter CY2023.

The processing plant engineering, procurement and construction has reached 97% complete. Structural steel has been completed in October and mechanical installations are at 96% complete. Piping at 80% and electrical at 71% complete continue to progress quickly.

Pacific Energy's Hybrid 10MW LNG/solar power station completed full integration with the solar power supply, dry commissioning of the crushing and screening areas was completed in early November and first rock crushing is scheduled for late November. Grinding section dry and wet commissioning will commence in the second half of November and is planned for completion by mid-December. Mine decline development continued during October.

A total of 311m was developed with the decline reaching 1,284mRL. October represents the highest individual development month since the first cut was fired in the portal in October 2021. The decline location is 266m vertically below the surface and is 29m vertically below the original top of the orebody (1313mRL).

Underground drilling has now identified mineralisation as high as 1330mRL which is currently being reviewed for potential extraction. The 1300mRL ore access drive reached first ore in early November. The 1290mRL horizon is a significant work area for development as underground infrastructure for pumping, ventilation, second means of egress and power are all distributed from this level outwards into the development network.

All this infrastructure is currently being established and will result in an increased focus on lateral development and lower decline development in the short term. Grade control and infill diamond drilling continued during October and 24 new holes were completed for a total of 3,629m. Underground drilling completed to date is 11,905m.

Assays received in October continue to consolidate the confidence in the previous geological interpretation determined from all underground and surface drilling. Work continues with the evaluation of the results and mine plans and designs are being continually reviewed and optimised for execution.