Tribeca Resources Corporation announced results from an additional four diamond drill holes of the Phase 2 drilling program at the Company's La Higuera Project ("the Project") in the Coastal Iron Oxide Copper-Gold (IOCG) Belt of northern Chile. Drill holes GBY009, GBY011 and GBY012 all intersected thick intervals of copper-gold mineralization from immediately below the base of shallow gravel cover. Two additional drill holes, GBY013 and GBY014, designed to test a 600m strike length beyond the northern end of the known 1km long mineralized Gaby copper-gold discovery, are currently being logged and sampled.

Drilling continues with holes being drilled to separately test gravity and IP chargeability anomalies approximately 300m east of the main known mineralized trend. The four holes reported here were designed to test continuity of the currently known mineralized body within the existing 1km strike length and to determine the location and dip of the eastern margin of the mineralized system. The assay results from the remaining holes in this planned 10-hole program of approximately 4,000 metres are planned to be released progressively as they are received, with drilling expected to continue until the end of February 2024.

Summary of significant mineralized intersections in drill holes GBY009 to GBY012. HoleID, From (m), To (m), Downhole Interval (m), Cu (g/t), Co (ppm), CuEq (%), GBY012, 70, 242, 172, 0.23, 0.05, 211, 0.28, incl., 98, 118, 20, 0.04, 184, 0.27, incl., 172, 189, 17, 0.26, 0.05, 176, 0.30, incl., 191, 221, 30, 0.58, 0.14, 358, 0.68, GBY011, 74, 196, 122, 0.21, 0.04, 159, 0.25, incl., 126, 148, 22, 0.56, 0.11, 356, 0.64, incl., 262, 272, 10, 0.71, 0.23, 103,78, GBY010, 140, 162, 22, 0.05, 333, 0.30, GBY009, 64.9, 238, 173.1, 0.14, 0.03, 158, 0.18, incl., 82, 102, 20, 0.27, 0.08, 132, 0.31, incl., 208, 238, 30, 0.29, 0.05, 272, 0.35. Apart from the summary intersections in GBY009, GBY012 and GBY012, the grade intersections are calculated over intervals >0.20% Cu with maximum internal dilution of 10m @ 0.05% Cu and a minimum interval width of 10m.

CuEq (%) grades have been calculated using recoveries from metallurgical test work undertaken in 2006 on drill core from the Project, which are 90% for copper, 65% for gold and 50% for cobalt. Metal prices utilised were USD 3.50/lb copper, USD 1,900/oz gold and USD 15.88/lb cobalt. Drill holes GBY012 - GBY012 discussion.