Southern Hemisphere Mining Limited reported on the progress of the soil sampling program at the Company's wholly owned Colina2 Gold and Copper Project in Chile. A soil sampling program comprising of 144 samples was conducted in June /July 2022 at the Colina2 Project in Chile. This program was designed to verify historic soil sampling on the project from previous explorers.

Recent soil sampling results have confirmed that the historic soil samples need to be resampled. The gold contour shown below is a +50ppb Au in soil contour and shows considerable potential in the area over a potential 1km length with a new gold anomaly in the southern end of the Colina2 Project. The gold in soil results show good correlation with the RC drilling program completed last year and further soil sampling is expected to provide new drilling targets in the coming months.

The system appears to link up with the old Colo Mine to the NW and as such further sampling is required in this area. Copper results show a patchier nature but generally follow the gold trend in the Centre of the license and some new anomalies in the southern license. Further sampling is required to get an overall picture of the new gold and copper trends at Colina2.

Historical data showed a NE trend to the gold in soil trend whilst the new data shows a NW-NS trend which is consistent with data from the regional rock chip program. The silver shows a similar distribution to the gold especially in the central part of the project area. The western anomaly coincides with anomalous copper and will require further sampling to better define the potential.

The higher value silver coincides with the 0.5ppm gold result in the south which is very encouraging. A review of the laboratory multi-element soil data by Sugden Geoscience concluded "The element signature is suggestive of a deeper seated high sulfidation system", which supports the current exploration concept for the Colina2 Project. The soil sampling program was stopped due to rain and snow, which made access to the project area difficult.

The program will resume in September. A program of regional rock chips is currently being done on the wider project area focused on the numerous Pirquineros (old workings) with results expected in the next month. The latest soils were collected over the southern area of the Colina2 Project on an approximate 200m line and 50m sample spacing, by removal of the top 20cm and sampling the "B-Horizon" which is then sieved to -1mm with an average of 600grams into a paper Geochem bag.

A library sample record of 100 grams is kept in RC chip trays for future reference and the remaining sample approximately 500 grams was sent to the laboratory for Gold and Multi-element analysis at ALS La Serena in Chile. Results from the recently completed drilling at the project are in progress and will be reported in due course.