Tarachi Gold Corp. announced the results of the preliminary economic assessment (PEA) for the company's magistral mill and tailings project in Durango, Mexico. Mineral Resource Estimate: the Mineral Resources for the project are reported at a 0.50 g/t Au cut-off grade within a constraining shell. The resource classifications are defined by the CIM Definition Standards on Mineral Resources and Mineral Reserves adopted by CIM Council. The effective date of the Mineral Resources is November 15, 2021. The drill hole database used for the mineral resource estimate consists of 37 drill holes and 178 assays. Bulk density measurements were collected during the drill campaign using only samples with 100% recovery for the calculation. The median bulk density of 1.70 was used for the tailings deposit mineral resource estimate. A block size of 10x10x5m was used to model the deposit. The PEA is preliminary in nature, includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Opportunities: work completed during the preparation of the PEA outlined a number of opportunities that have the potential to improve the economics and ESG performance of the project: mine life extension: potential to mine additional material with higher dilution which has not been considered in this study; dry stack tailings: an evaluation of using dry stacked tailings to reduce TSF costs and improve ESG performance will be completed during the next phase of study. Quality Assurance/Quality Control: Tailing samples were selected by company geologists with each sample placed into plastic bag. Sample tags were inserted into each bag before being sealed and stored at the campsite in a secure area. At the completion of the program the samples were transported by company trucks directly to Tarachi's secure facility in Hermosillo, Mexico for transport to Canada. All 178 samples from the 37 vertical, auger drill holes completed were shipped to Activation Laboratories Ltd. in Kamloops B.C.Canada for sample preparation and analysis. 30 grams from each sample was analyzed for gold by Fire Assay Fusion with an AA (atomic absorption finish) as well, 0.5 grams of each sample was digested by Agua Regia and then analyzed using an ICP for a 38 element suite. Activation Laboratories is ISO/IEC 17025:2017 and ISC 9001: 2015 accredited and/or certified. Control samples comprising of certified reference samples, duplicates and blanks were systematically inserted into the sample stream and analyzed as part of the company's quality assurance /quality control protocol. The remainder of the samples were then delivered to Base Metallurgical Laboratories, also in Kamloops to complete all metallurgical studies requested.