Mantaro Precious Metals Corp. announced the commencement of follow-up tailings sampling at the Golden Hill property ("Golden Hill"). This program aims to quantify the gold content within the tailings, with the ultimate goal of evaluating the potential for re-processing via heap leaching and increasing the resource base at Golden Hill.

Highlights: Follow up sampling survey to provide base for resource estimation of approximately 600,000 tons of historical tailings. Builds on preliminary sampling which returned average grades of 1.33 g/t Au with 96% of gold recoverable via cyanide leaching. Mantaro has begun a comprehensive follow-up tailings sampling campaign to categorically determine the gold content within the estimated 600,000 tons of historical Tailings at Golden Hill.

This study will build upon the previous preliminary tailings sampling program completed in 2021, which consisted of 16 samples and yielded an average gold grade of 1.33 g/T Au with 96% of the gold recoverable via cyanide Leaching. The new study aims to provide a more accurate representation of the quantity of gold contained within the tailings, further assess reprocessing options, and potentially expand on the company's maiden resource. The results obtained from this tailings sampling campaign will form a quantitative dataset from which NI-43-101 compliant resource estimates can be calculated - which will in turn feed into a Preliminary Economic Study on Golden Hill.

To ensure the accuracy and reliability of the sampling program, Mantaro has enlisted experienced geologists who will oversee the project and ensure NI-43-101 compliant best practice protocol and quality assurance and quality control (QAQC) procedures are followed. The geologists will systematically collect and analyze samples from predetermined random grid-spaced locations at various depths within the tailings. This approach guarantees a representative assessment of the gold content within the tailing.