Lida Resources Inc. provided an update on work being planned on the Company's 100% owned San Vicente Project ("San Vicente") and nearby Quiruvilca Mine Property ("Quiruvilca") in Peru. Due to the Covid-19 pandemic that began in March 2020, exploration work on the Company's properties in Peru has been delayed. The Company is now finalizing an agreement with JDS Energy and Mining Inc. ("JDS") for work on the San Vincente and Quiruvilca properties to determine an optimal mine size and type and to provide a plan for advancing the project including the necessary field programs and studies. Project development will likely include, and not be limited to, definition drilling, resource estimation, engineering field programs and engineering studies up to a feasibility study. The initial work phase is scheduled to commence with a two-day site visit in November 2020 and run to the end of 2020, resulting in a project development plan.