Newlox Gold Ventures Corp. announced that it has successfully procured all equipment needed to complete the planned electrical upgrade at its Boston Project (Plant 2) in Costa Rica. All necessary components are now on-site and in the Company's possession.

Of particular importance, given the global shortage of this equipment, is an electrical transformer, which has now been delivered and is awaiting installation on site. The delivery of this equipment represents a significant milestone in the Company's operations. The Boston Project will soon benefit from connection to the Costa Rican grid, which is a stable and 98% renewable electricity system.

The Boston Project is slated to become the Company's second environmentally and socially responsible precious metals project in Costa Rica. The 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.