Tribeca Resources Corporation announced the extension of the mineralized system at the Company's La Higuera Project in the Coastal Iron Oxide Copper-Gold (IOCG) Belt of northern Chile. Drill hole GBY013, which intersected broad mineralization over 105 meters downhole depth, has added approximately 400 meters strike length to what is now a 1,400 metre long system at the Gaby discovery. Drill hole GBY013, a 400 meter step-out from drill holes GBY007 and GBY0012, intersected 105 metres at 0.18% copper and 0.04 g/t gold from 331 meters downhole within strong magnetite breccias.

This intersection expands the known strike extent of mineralization from 1 kilometer to 1.4 kilometers. Drilling of the final three holes in the drill phase, sited to test two geophysical anomalies (gravity and IP) to the east of the main mineralized trend and to test the undrilled 400m strike length between GBY007 and GBY013, has been completed with the holes being logged and processed. The two holes reported here were designed to test continuity of the currently known mineralized system to the north of its existing 1km strike length.

Drilling for this Phase 2 program has now concluded, with 10 drill holes completed for a total of 3,806 meters. Assay results are awaited from the final three holes.