Golden Tag Resources Ltd. announced SRK Consulting (Canada) Inc. has completed an updated Mineral Resource Estimate for the La Parrilla Silver Mine Complex located in Durango, Mexico. Mineral Resource Estimate. A technical report has been prepared by SRK in accordance with National Instrument 43-101 and will be available on the Company's website and SEDAR within 30 days of the date of this news release.

The effective date of the Resource Estimate is May 31, 2023. Mineral Resource Estimates have been completed for 22 veins of the Rosarios, San Marcos and Quebradillas zones comprising both oxide and sulphide mineralization. The solid models representing 22 veins were built by FMS using implicit modelling guided by the borehole geological logging, core and channel samples grades, and, where available, underground mappings.

Core and channel samples were composited at different lengths per vein based on the relative thickness. variation of each vein. The Mineral Resource block model was validated by means of visual inspection of the interpolation results, checking the model against nearest neighbour interpolation, and verifying that the global quantities and average grade for each metal from each method were reasonably comparable.

Borehole data used in the estimation must be supported by satisfactory QAQC results. The Inferred Resource category was assigned to blocks estimated with composites from at least two boreholes with approximately 75 m separation, and to blocks estimated by extrapolation up to 50 m, or more. Phase 2 recommendations include a second stage of drilling which will be designed based on the results from Phase 1 with an additional 7,000 metres of infill and further exploration drilling The remainder of the Phase 2 work program focuses on various aspects for enhancing the Mineral Resource estimation process to facilitate the future conversion to Mineral Reserves prior to the potential resumption of mining and proposes improvements to the mineral processing facilities considered necessary to re-start the operation.

From 2007 to 2012, FMS implemented a quality control program to evaluate silver assay results from La Parrilla Laboratory for chip and core samples by submitting one core sample for every 20 original samples to Inspectorate in Reno, Nevada for duplicate check assaying. In accordance with NI 43-101 Standards of Disclosure for Mineral Projects, Bruce Robbins, PGeo, is the Qualified Person for the Company and has validated and approved the technical and scientific content of this news release. Information Concerning Estimates of Mineral Resources.