Luminex Resources Corp. announced drill results from six holes at the Camp deposit, part of the Condor North project area. The drill holes are from the ongoing infill and step-out program aimed at increasing and enhancing the 2021 Preliminary Economic Assessment ("PEA") resource of the Camp deposit.

Hole CC19-02 was deepened from its original length (295.7 metres) based on a better understanding of the deposit and the Company's modeling, which showed a strong probability of more mineralization at depth. The extension proved extremely successful, yielding an intersection of 15.4 metres grading 5.25 g/t Au Eq and substantial additional mineralization higher up in the hole. The background of the longitudinal section shows the contoured grade multiplied by the horizontal thickness for the 2021 PEA block model.

The same colour/interval threshold has been used to colour pierce points of the post-resource drill holes for comparison. All coloured holes plotted were drilled since the PEA resource and show the continuation of mineralization past what was modeled for the resource, as well as a possible upgrade to some of the areas of the block model. Notably, the thicker deep zone and the thicker shallow zone announced in this press release demonstrate higher grades than previously known.

The areas where higher grades have been expanded are indicated with coloured arrows. Hole CC19-02EXT was an extension of a previously drilled hole (CC19-02) and intersected 44.0 metres from 258 metres down hole grading 2.27 g/t gold and 19.5 g/t silver (2.51 g/t Au Eq). In addition, hole CC19-02EXT intersected 15.4 metres from 308 metres down hole grading 5.11 g/t gold and 11.9 g/t silver (5.25g/t Au Eq), confirming the Company's mineralization model.

Hole CC22-42 intersected several high-grade intervals within thick lower-grade zones, including 137.0 metres from 22 metres down hole grading 1.08 g/t gold and 9.2 g/t silver (1.19g/t Au Eq). Within this interval, three high-grade zones were intercepted including 6.0 metres from 89 metres down hole grading 11.40 g/t gold and 17.9 g/t silver (11.62g/t Au Eq). Hole CC22-42 and CC22-43 were aimed at increasing the resource size by infilling zones of the block model where thicker zones of mineralization were interpreted to exist.

Holes CC22-44 and CC22-45 were further step-out holes aimed at testing shallower mineralization. Hole CC22-44 intercepted 44.0 metres from 102 metres down hole of 0.64g/t gold and 7.3 g/t silver (0.72g/t Au Eq), extending mineralization to the southeast. CC22-46 was the final hole of the 2022 program.

Drilled on the northwest end of the deposit, it intercepted several higher-grade zones, including 19.1 metres from 214 metres down hole grading 2.29 g/t gold and 14.8 g/t silver (2.46g/t Au Eq).