Prime Mining Corp. announced that in 2024 the Company plans to undertake a 40,000-metre exploration drilling program and further technical investigation of its wholly owned high-grade Los Reyes Gold-Silver Project in Sinaloa State, Mexico. 2024 Los Reyes Project Outlook: Exploration: Continue success-based approach to drilling in 2024, targeting completion of 40,000 metres.

Additional work will include geological mapping and geochemical sampling. Technical: Continue preliminary investigations of metallurgical, geotechnical and mine planning parameters, including process optimization, assessment of open pit versus underground opportunities and evaluation of permitting requirements. Community Engagement: Continue to engage with local ejidos (communities) through educational and community programming, access (road) improvements and water access.

Los Reyes Resource Update: Target a late-2024 resource increase, subject to drilling results from the full year 2023 and on-going 2024. 2024 Exploration Drilling will focus on: Extending the high-grade Z-T Area shoots that remain open at depth, as well as along strike, both north and south. Expanding the known high-grade mineralization at Guadalupe East.

Increasing the Central Area resource through additions at Noche Buena and its connection to San Miguel East. Generative target drilling of high-grade intercepts at Las Primas, Mariposa, Fresnillo, Mina and others to further develop the resource potential at Los Reyes. Prime is targetting 40,000 metres in its 2024 drill program and will continue to evaluate drilling plans using its success-based approach.

This evaluation will also include prioritization of targets based on probability of resource development and generative area discovery potential.