Halcones Precious Metals Corp. provided results from the first hole of the ongoing exploration program at the Carachapampa project. Carachapampa is located in the prolific Maricunga belt approximately 180 km northeast of the city of Copiapo with year-round road access.

In the immediate vicinity of Carachapampa are several large-scale operating mines including La Coipa (Kinross) and Salares Norte (Gold Fields) hosted in similar geology to Carachapampa. Drilling Highlights: The upper section of Hole CAR23-015 returned 3.91% Cu and 0.21 g/t Au over 8 m from 151 m downhole at the Northwest target. This intercept is approximately 60 m from the 0.55% Cu over 2m intercept at the end of hole CAR23-012.

The return of assay results has been slow and approximately 50 assays are currently outstanding from the bottom of hole CAR23-015. Halcones plans to drill an initial 5 holes in the current drill campaign targeting the Northwest and Central targets. Following receipt of data from the ongoing drill program, next steps will be planned accordingly.

This phase of drilling plans for each hole to be approximately 300 m in length, which is approximately double the depth of the previous campaign. The improved understanding of the geology at Carachapampa has indicated previous drilling was likely not deep enough. Intense alteration is observed over a core length of greater than 100 m in hole CAR23-015 and is also reflected at surface.

The colluvial anomaly shows direct correlation with anomalous multi-element values in holes CAR23-012 and CAR23-015, and it can be followed for over 500 m trending to the southeast where it is undrilled. Anomalous values of Pb-Zn-As-Sb and Ag are all considered pathfinder elements in high sulphidation systems, and the company plans follow-up drill testing of this significant target. Next steps: Assay results are expected to be steadily received over the next 4 to 6 weeks.

The Halcones exploration team plans to spend time analysing these results before planning next steps for Carachapampa.