Volcanic Gold Mines Inc. reported another exceptional intercept at depth on the Holly Property, Guatemala. Hole HDD-21-027 intersected 4.57 meters (or approx. 4.1m true width) returning over 54 g/t gold and over 3.9 Kg/t silver.

This hole cut the vein at the same depth in the system as hole HDD-21-23 that intercepted 4.58m of 79.84 g/t gold and 5,053 g/t silver 150m to the south. Drilling is ongoing again at Holly, focused on extending this high-grade system at depth and along strike to the south with a goal of establishing a meaningful high-grade resource and improving confidence in the trend of the vein structure. Several other veins in the area with similar orientation will be tested during this present program.

Hole HDD-21-028 failed to intersect the La Pena structure but management believes it was not drilled to sufficient depth. The hole will be re-entered within the present program to test this theory. Results are still pending for hole HDD-21-026 as the shipment of core and rock samples that contained this hole was caught up in delays discussed in previous news releases.

Management is optimistic future turn around on drill core will be within 45 days. A preparation lab is being set up in the region for surface rock and soil samples.