Turmalina Metals Corp. reported the final results from the 2022 diamond drilling program at the Chanape project ("Chanape" or the "Project"), located 87km east of Lima, Peru. Drilling has continued to intersect extensive gold-silver-copper mineralisation in the breccias tested by the Company.

This release summarizes the final three holes of Turmalina's first phase of drilling on the project totaling 549 m of the 2,257 m program. This first phase of drilling has delivered multiple high-grade results from multiple breccia targets and will be used to guide additional drilling in an upcoming Phase 2 in 2023. Selected intercepts from the most recent drilling include: Breccia 8: 49.05m @ 1.14 g/t Au, 20 g/t Ag and 0.34% Cu (1.9g/t AuEq or 1.3% CuEq), CHT-DDH-043 from 59.65m.

Including 12.3m @ 1.95 g/t Au, 29 g/t Ag and 0.44% Cu, (3.0 g/t AuEq or 2.0% CuEq), from 94.7m. 70.15m @ 1.01 g/t Au, 20 g/t Ag & 0.75 % Cu (2.4 g/t AuEq or 1.6% CuEq); CHT-DDH-044 from 64.2m. Including 10.7m @ 2.34 g/t Au, 15 g/t Ag and 0.86% Cu (3.8 g/t AuEq or 2.6% CuEq), from 86.05m.

Including 24.55m @ 1.04 g/t Au, 41 g/t Ag and 1.40% Cu (3.6 g/t AuEq or 2.5% CuEq), from 109.8m. Breccia Clint: 30.63m @ 0.54 g/t Au, 33 g/t Ag and 1.65% Cu (3.4 g/t AuEq or 2.3% CuEq), CHT-DDH-044 from 173.3m. Including 12.07m @ 0.64 g/t Au, 48 g/t Ag and 2.01% Cu (4.2 g/t AuEq or 2.9% CuEq), from 191.86m.

The Chanape project is characterised by multiple tourmaline gold-silver-copper (Au-Ag-Cu) breccia pipes, with over fifty identified to date. The first 8 holes of this 2,257 m drill program tested Breccia 8, Breccias 10 & 11, Breccia Clint, the San Antonio Breccia and Veta Colorada. This release summarises the results from holes CHT-DDH-042, CHT-DDH-043 and CHT-DDH-044.