Rugby Resources Ltd. report that recent surface sampling at Cobrasco has yielded significant copper/molybdenum assay results. In addition, a new molybdenum stockworked porphyry occurrence has been identified approximately 1 kilometre northeast of the Cobrasco Central drilling area. Reconnaissance mapping indicates the new molybdenum porphyry may represent a continuation of the primary mineralization intersected in drill holes approximately 1 km to the southwest.

Rugby?s exploration results demonstrate a marked Cu-Mo porphyry corridor extending NW-SE along the margins of the Mande Batholith. Pathfinder geochemistry indicative of multiple porphyry centres extend along and peripheral to the contacts. The complex structural framework of the project area also indicates relative upthrown and downthrown domains giving rise to the possibility of entirely preserved, ?blind?

porphyry systems in areas such as Cobrasco East. Reconnaissance mapping during the October 2023 campaign suggests that the new molybdenum porphyry discovery in the northeast may represent a continuation of the primary mineralization intersected in Rugby?s drilling to the southwest. At Cobrasco Central, ongoing geological and alteration mapping indicates a large and robust porphyry centre with an outer propylitic alteration halo extending to the southern and northern concession borders.

The Company?s field team is currently conducting infill sampling and reconnaissance mapping south of the drilled area and extending to the southern concession boundary. The objective is to better define the surface expression of mineralization and provide vectors for drill targeting. Rugby?s sampling techniques and data management are conducted to industry standards.

Sample assay results have been monitored through a quality control/quality assurance program that includes the insertion of blind certified reference materials blanks and duplicate samples. All samples are securely transported to ALS Minerals facility in Medellin, Colombia where sample preparation takes place. Sample pulps are forwarded to ALS?

regional hub in Lima, Peru where all analytical work is conducted. Surface samples (rock chip and soil samples) are assayed for gold by fire assay of a 30-gram charge with AAS finish (method Au-AA23) and 48 element ultra-trace level detection by four acid digestion with ICP-AES/ICP-MS finish (method ME-MS61). Overlimits or ore grade elements are assayed by four-acid digestion with ICP-AES finish (method OG62).