Newlox Gold Ventures Corp. announced that the Company has completed construction at the Boston Clean Gold Project (Plant 2), which is slated to become the Company's second environmentally and socially responsible precious metals project in Costa Rica. The construction team worked throughout December and the first week of January to finish the installation of critica!

equipment for the processing plant. Testing and commissioning of the new processing plant is now m progress. In the first half of 2022, the Company completed the procurement of major equipment, the building of the plant structures, the construction of a loading ramp capable of supporting heavy dump trucks used for feedstock delivery, fabricated the feedstock chute, moved fixed equipment to site, and installed upgraded water recirculation and treatment systems. Later in the year, Newlox Gold's construction team moved on to fabricate the fine ore bin on-site at the Boston Project, which will be fed freshly crushed material from the primary crusher and vibratory classifier.

The addition of this equipment represented the last stage of major equipment fabrication. It allowed the team to move ahead with the final installation of equipment on the concrete pad and inertia blocks. With the equipment positioned at the site, the final installation of material handling systems was underway over the winter.

Principally, custom-made conveyor systems were installed to connect the dry portions of the processing plant, while slurry pumping infrastructure was fabricated and installed to move liquified feedstock through the plant. The Boston Project will process feedstock newly extracted from the Boston Mine by the Company's local mining partners. At full scale, Newlox will operate the new Boston mill to process 150 tonnes per day of material grading +- 15 grams per tonne gold with an anticipated gold recovery of 90%.

All feedstock is to be provided by the Company's mining partners, with profits to be split evenly between the parties. Newlox's operations team expects the commissioning and testing of the new processing facility to take approximately 1.5 to 2 months, followed by a gradual ramp-up of operations and precious metals recovery over the year. Simultaneously, the Company's local mining partners are undertaking upgrade work at many of the nearby tunnels within the historic Boston Mining Camp in anticipation of delivering feedstock to the new facility.

The Boston Mining Camp in Costa Rica has undergone extensive exploration since the early 1980s. Geochemical testing, geophysical surveying, and drilling have been conducted in the area by several prominent industry consultants. Historical resources were established supporting mining in the area.

Boston is situated in the northeastern extension of the San Martin vein system, which was one of the prominent areas of exploitation during historical mining. Historical production is estimated at over 1,000,000 ounces of gold between 1908 and 1950. The company looks forward to expanding cooperative efforts throughout the mining camp.

Results to date have been very pleasing, and excellent rapport has been established with both the community and the cooperative miners. The entire mining community is rejuvenating with the planned modernization of the mining camp.