Minsud Resources Corp. announced that a wholly-owned subsidiary of South32 Limited has given notice of its intention to fund the third tranche exploration activities in 2022 as per the earn-in agreement executed on November 1, 2019. The 2022 program will largely include in-fill and scouting drilling, with the broader objectives of continuing the delineation of the resource footprint at Chinchillones area and establish additional porphyry centres along the Chita Valley Project, in the Province of San Juan, Argentina. The Earn-in Agreement grants to South32 the right to acquire a 50.1% direct interest in the Company's 0Argentinean operating subsidiary Minera Sud Argentina S.A. ("MSA") at the end of the earn-in period. Under the Earn-in Agreement, South32 will provide further funding to MSA over the next two (2) remaining years such that its aggregate funding is (i) not less than CAD 10.5 million by December 31, 2022; and (ii) not less than CAD 14 million by December 31, 2023. South32 has the right to withdraw at the end of each year. If South32 exercises its earn-in right, it may elect to fund a pre-feasibility study with a minimum spend of C$41 million, which would entitle it to elect to increase its 50.1% direct interest in MSA to 70%.