Taruga Minerals Limited presented the final assay results from the recent drilling at Morgan's Creek where a suite of anomalous green-energy-metals have been returned from the Hydrothermal Hill and Oxide Hill skarns. Highlights: Final assay results returned from exploration drilling at Hydrothermal Hill and Oxide Hill; Intercepts include anomalous Cu, REE's, Pd, Li, Ni, V and Co; Geochem and mineralogy indicate a large alteration system is present; REE enrichment in the oxide zone exceeds previous intercepts at the project; 850km2 aeromag survey completed over the entire MCCP to identify and rank priority targets for drill testing during Second Quarter 2022. MCRC049: 20m @ 0.23% Cu from 158m including 1m @ 0.84% Cu from 172m; MCRC048: 6m @ 0.12% TREO from 9m (weathered/oxide zone); 10m @ 0.19% TREO (29% HREO & 26% MREO {Nd + Pr + Dy + Tb}), 0.08% Li2O, 0.05% Ni, 217ppm Co from 35m, (Oxide Zone) including: 4m @ 0.28% TREO (21% HREO & 31% MREO), 0.14% Li2O, 0.08% Ni, and 352ppm Co from 35m, including: 1m @ 0.22% TREO (26% MREO) 0.21% Li2O, 0.08% Ni and 535ppm Co, and; 1m @ 0.41% TREO (21% HREO & 38% MREO), 0.15% Li2O, 0.12% Ni and 295ppm Co.

45m @ 545ppm V2O5 and 45ppm Sc2O3 from 124m. MCRC041: 93m @ 690ppm V2O5 and 59ppm Sc2O3 from 17m, including: 8m @ 0.11% V2O5 and 57ppm Sc2O3 from 76m, and; 8m @ 0.13g/t Pd and 0.014g/t Pt, 759ppm V2O5 and 53ppm Sc2O3 from 86m, including 5m @ 0.17 g/t Pd and 0.02 g/t Pt from 86m. MCRC042: 12m @ 0.08% Li2O from 46m, including 3m @ 0.13% Li2O and 0.14% Zn from 50m.

MCRC044: 3m @ 0.08% Li2O, including 1m @ 0.18% Li2O. MCRC046: 49m @ 750ppm V2O5 and 49ppm Sc2O3 including: 1m @ 0.14% TREO (26% MREO {Nd + Pr + Dy + Tb}) from 55m; 14m @ 0.14g/t Pd and 0.025g/t Pt, 936ppm V2O5 and 16% Fe from 78m, including. 4m @ 0.19 g/t Pd and 0.05 g/t Pt, 0.13% V2O5 and 27% Fe from 81m.

16m @ 0.14% Cu from 104m, (previously released as a partial result) including: 3m @ 0.25% Cu from 104m. MCRC050: 3m @ 945ppm TREO from 1m (44% HREO & 36% MREO) (soil/clay/regolith-hosted) including: 1m @ 0.17% TREO (45% HREO and 38% MREO) from 1m, and 1m @ 0.08% Li2O and 199ppm Co from 2m. MCDD001: 8.6m @ 0.15% Cu from 22.8m; 0.3m @ 2.93% Cu and 194 ppm Co from 69.4m; 0.8m @ 0.14% TREO from 40.15m (24% MREO); 7.9m @ 0.15% Sr from 43.6m.

MCDD003: 10.55m @ 0.12% Li2O from 17.45m, including 7m @ 0.17% Li2O from 21m; 0.9m @ 0.26g/t Au from 166m.