Origen Resources Inc. provided an update on its 100% owned LGM property, located in the centre of the Golden Triangle in British Columbia. The LGM property covers a number of significant copper-gold porphyry and gold vein targets, originally discovered by Noranda in the 1990s. Origen is also pleased to announce it has resumed 100% ownership of the Wishbone property, located adjacent to the 11.3 billion-pound copper, 9.3 million-ounce gold Measured and Indicated Galore Creek copper deposit, and 10 km west of the LGM property.

Wishbone hosts a series of high-grade gold and silver quartz-carbonate vein and breccia occurrences over the +11 km strike length of the Project. The LGM property is a contiguous 26,771 ha property, located along the main access road to the Teck/Newmont Galore Creek copper deposit. The LGM property was acquired by Origen in Spring 2020 and the Company's field programs have re established historical areas of mineralization, with a particular focus on areas where recent glacial retreat has exposed new prospective zones.

LGM Highlights: Talus, rock and soil geochemistry surveys in 2020 delineated Cu-Mo and Au targets, similar in tenor and size to those that first targeted the Galore Creek area. ASTER Alteration signatures show a broad zone of Q-S-P and Clay alteration, characteristic of other major deposits in the area. An Airborne VTEM/Magnetics survey in 2021 highlighted large conductors at depth and cross-cutting structures.

Scout drilling of 5 holes in 2022 noted distinct megacrystic pophryrytic and pseudoleucite, characteristic of one of the main mineralizing phases at Galore Creek. LGM Overview: The LGM property is underlain by a series of intersecting regional structures that characterize the great deposits in the Golden Triangle district, including the 'Red Line', and by a suite of prospective intrusive rocks believed to part of the Copper Mountain Suite. Retreating glaciers on the property have revealed broad zones of distinctive quartz-sericite-pyrite alteration associated with a series of megacrystic porphyry dykes.

Soil sampling and mapping since the 1990s has delineated several distinct geochemical targets on the LGM property. The Lulu copper-molybdenum-rhenium porphyry target area encompasses the Central, Hidden Zone, Long Ridge, Lucifer and Nulu mineralized zones, covering 4 x 5 km, exhibiting alteration and geochemistry that is characteristic of large nearby porphyry deposits. 2022 Drilling: Origen drilled 5 scout holes at LGM in 2022, with 2 holes targeting the Hidden Gold area, a large gold in talus anomaly on a ridge to the east side of the Central Lulu area.

Another 2 holes targeted the Central area and 1 drillhole tested the Long Ridge part of the Lulu copper-molybdenum porphyry target. Long Ridge targets included an interpreted structure that is associated with geochemically anomalous molybdenum and rhenium samples on surface and additionally a rounded, vertical EM conductivity target identified in the 2021 airborne geophysical survey. A total of 903 samples of half cut core were collected to build a detailed geochemical characterization of the zones and support vectoring toward a porphyry target.

Porphyry dykes similar to the Copper Mountain Plutonic Suite were encountered both in core and surface mapping of the Lulu area. 2022 drilling from the Lulu Central pad consisted of two holes oriented east and west respectively. A total of 347 core samples were collected with results ranging from 8 - 197 ppm Cu, 0.3 - 67.5 ppm Mo and 7 - 518 ppm Zn.

The west oriented hole was designed to intersect the extension of a Mo-Re bearing structure identified by talus sampling at Long Ridge in 2020. This structure was intersected and found to be strongly altered by substantial movement of hydrothermal fluids. The east oriented hole targeted a more intense area of clay alteration identified in ASTER remote sensing data interpretation.

The Long Ridge hole was oriented to pass though the Mo-Re bearing structure interpreted to be associated with the geochemical anomalies north of the collar and then at depth it reached the edge of the vertical, rounded EM conductor anomaly. A total of 273 core samples were collected in this hole with results ranging from 11 - 217 ppm Cu, 0.5 - 132 ppm Mo, 6 - 956 ppm Zn and 1 - 519 ppm As. In spite of no significant zones of sulphide mineralization, the Company continues to believe that geological units and alteration combined with the new geochemical data supports the larger target of both a Cu-Mo system at depth with an additional Au mineralizing event in the Lulu area.