Mithril Resources Ltd. provided exploration results for its 100% optioned Copalquin Gold Silver Project in Mexico where a maiden 529koz gold equivalent1 high-grade gold-silver JORC resource has been defined at El Refugio-La Soledad. Highlight Results: Recent drilling, core relogging and petrography confirm further resource expansion upside at El Refugio; Drill core observations, supported by recent petrographic work, support considerable depth extension to the El Refugio hydrothermal system; The geologic work supports understanding for the high-grade drill intercepts deep (CDH-077) and peripheral (CDH-094) to the main El Refugio resource: 8.26m at 80.3 g/t gold, 705 g/t silver from 468.34m (CDH-077), 18.67m at 9.64 g/t gold, 278.8 g/t silver from 144.0m, (CDH-094); In summary, the work concludes the majority of the El Refugio drilling is in an upper brecciation zone which broke up the high-grade veins (current maiden JORC resource). Deeper and peripheral to the breccia zone, drilling will target veins like those intercepted by holes CDH-077 and CDH-094; Recently reported drill hole CDH-140 produced the excellent high-grade intercept confirming the high-grade intercept of CDH-094 at the western periphery of the El Refugio upper breccia zone: 5.83m at 15.7 g/t gold, 474 g/t silver from 91.77m, (CDH-140), including 1.81m at 45.5 g/t gold, 1,387 g/t silver from 93.77m.

The recently reported high-grade gold-silver intercepts at the eastern end of the El Refugio resource area, on sections 200 to 360 in the upper breccia zone further support this geologic interpretation: 7.00m at 3.40 g/t gold, 227 g/t silver from 185.0m, (CDH-143), including 3.00m at 6.49 g/t gold, 454 g/t silver from 189.0m, plus 4.70m at 0.42 g/t gold, 41.0 g/t silver from 218.0m; 4.00m at 2.27 g/t gold, 170 g/t silver from 106.0m, (CDH-146), plus Shallower intercepts of 1m up to 3.27g/t AuEq; 2.50m at 2.71 g/t gold, 125 g/t silver from 71.5m, (CDH-147).