Prime Mining Corp. announced continuing positive Phase 1 drill results from its wholly owned Los Reyes gold-silver project in Sinaloa State, Mexico. These new results are from the west end of Los Reyes. The major northwest-southeast trending Z-T structure remains open and highly prospective at depth and along strike to the southeast. Importantly, none of the current drilling at Tahonitas is to a sufficient depth to have tested the deeper high-grade gold zone found in Zapote South that was intersected as reported May 15, 2021 in drill hole 21ZAP-15, 4.49 gpt Au and 67.9 gpt Ag over 8.3 m (7.4 m etw), and in the newly reported drill hole 21ZAP-21. Reported are results from 18 drill holes with seven holes within and adjacent to the Zapote South deposit and 11 drill holes within or adjacent to the Tahonitas deposit. All 18 drill holes intercepted potentially economic mineralization with eight holes returning significant high-grade results. Zapote South and Tahonitas are two of eight known gold-silver deposits. Three drill rigs continue to operate at the Project. Drilling activities are expected to ramp up in November when the rainy season ends and allows for better access to deposits on the east side of Los Reyes. There are currently 27 holes awaiting assays. Planning for the Phase 2 program is currently underway, and it will involve an increased number of drill rigs. At least three drill rigs are expected to focus on expanding resources at Z-T alone. Key takeaways from on the Z-T drilling include: Deepened the epithermal boiling elevation by at least 50 m. At Zapote, Phase 1 drilling has extended the potential boiling zone height which hosts the highest-grade mineralization, from 530 masl by 50 m to 480 masl. This “deepening” of the bottom elevation of the boiling zone elevation provides exploration prospects below Zapote and across the entire Z-T structure to that depth. Follow-up is a part of Phase 2; High grade mineralization intercepted in ‘below-pit’ drill holes. 21ZAP-21, with 3.36 gpt gold and 83.2 gpt silver over 13.1 m etw, 21ZAP-19 with 0.75 g/t Au and 13.7 g/t Ag over 19.3 m etw, and 21ZAP-20 with 3.89 gpt gold and 13.4 gpt Ag over 1.4 m etw. All three drill hole intercepts are below the current resource pit bottom providing significant opportunity to expand resources at depth (Figure 3– Zapote South Longitudinal Section, Figure 4: Section B-B’, and Figure 5: Section C-C’); 21ZAP-21, with 13.1 m of high-grade precious metal values, shows that on the most southeasterly section drilled to-date at Zapote South there is high-grade mineralization with its dip extent of at least 125 m including 50 m below the current pit bottom. (Figure 4: Section B-B’). Zapote South remains open to the south-east towards Tahonitas, presenting a Phase 2 exploration opportunity; Shallow Drilling at Tahonitas. Phase 1 produced positive results encountering near surface mineralization with initial drilling. However, drilling to-date has not yet targeted the Z-T structure at the same depth where good high-grade mineralization is encountered at Zapote South. Deeper drilling at Tahonitas is a key Phase 2 exploration opportunity. Phase 1 successfully targeted significant areas of inferred resources for in-fill drilling and produced positive results.