Turmalina Metals Corp. provided an update on exploration plans for the 2023 exploration season at the Chanape and San Francisco de los Andes Projects ("Chanape", and "San Francisco", collectively the "Projects"), located 87km
east of Lima, Peru and the prolific San Juan Province of Argentina respectively. Positive results from drilling at Chanape and surface works at San Francisco have guided the planning of the next steps of exploration at these two projects for the Company. With seven priority targets identified at San Francisco and Chanape delivering high grades from the Company's 2022 drill program the Company is well posed to carry out an aggressive exploration program in 2023 following its recently-completed financing. The 677 ha Chanape copper-gold project is located approximately 87 km east of Lima, Peru and is accessed via 24km of unpaved road from Turmalina's operational centre in the town of San Damian. The Chanape project is characterised by multiple tourmaline gold-silver-copper (Au-Ag-Cu) breccia pipes, with over fifty identified to date. These breccia pipes are clustered around a large, mineralised copper-molybdenum intrusion. Historical drill holes have confirmed mineralisation on breccia pipes and recent surface geological mapping have added new mineralised bodies for follow-up. The 40,340 ha San Francisco project is located in the pro-mining province of San Juan, Argentina, a country where there are currently 12 operating mines, 5 in construction and 20 in pre-feasibility/feasibility stage. The project benefits from well- developed infrastructure and is 130 km northeast of the regional capital San Juan. The San Francisco Project was assembled around and includes one of the highest-grade tourmaline breccias of the same name. Limited shallow drilling and channel sampling at the SFDLA Breccia returned spectacular grades of 2-12 g/t gold and 0.3 to 3% copper over 20-40 m intervals. The mineralogy and geological setting indicates that only the top of the breccia pipe has been exposed. The land position at San Francisco was expanded in 2022 and now includes multiple mineralised targets including 60 breccias, intrusion-related gold and epithermal vein-type targets detailed in table 2. Turmalina has developed an operational centre in the town of Villa Nueva, where the local community welcomes new exploration efforts in the region.