Volcanic Gold Mines Inc. announced reports on the progress of its exploration activities in Guatemala. The next round of drilling at Holly will focus on resource definition at La Pe?a vein system which has to date delivered high-grade and consistent drill results, including recently published: HDD-21-017 8.83m @ 8.81 g/t Au and 355 g/t Ag (Sep 9, 2021). HDD-21-019 1.53m @ 191.8 g/t Au and 539 g/t Ag (Oct 5, 2021). And 6.52m @ 11.72 g/t Au and 340 g/t Ag. HDD-21-020 5.40m @ 4.38 g/t Au, 350 g/t Ag (Oct 5, 2021). HDD-21-023 4.58m @ 79.84 g/t Au and 5,053 g/t Ag (Oct 19, 2021).Field crews have continued detailed mapping and sampling at Holly project. This work has identified new drill targets on splay structures of the Jocotan fault where 2 large zones of mineralized breccia have been mapped and are coincident with high grade soil and rock chip results. The Company plans systematic drill testing of these new targets including the Jocotan splay faults and to continue testing the extensions, both strike and dip, of La Pe?a vein system. Assays are still pending on drill holes HDD-21-024 to 028 and the samples from the detailed rock chip sampling of the Jocotan splay targets. Drilling will recommence at Holly once outstanding assays have been received and interpreted. As part of the ongoing community support programs, the Company is currently working with the local communities around Holly to increase water supply. Several wells in the region are dry and good water supply is a significant issue for the local villages. In co-operation with the local communities, the Company is working on water resource and hydrogeological studies and assisting with improving the water infrastructure of the communities at the Holly project. At Banderas the planned drill program has been suspended while the Company works on access agreements with an adjoining community. The Company has access agreements in place with the community covering the drill project at Banderas, but further consultation and work is required with an adjoining community to ensure the benefits of the project are spread out and all affected communities in the area consent. Evaluation of the Volcanic /Radius joint venture's regional license applications has resulted in the discovery of the first new project for advancement. Along the Motagua fault, 40km north of Holly project, the Company has identified two large areas (150m x 200m and 200m x 200m) covered by sub- cropping quartz vein boulders with exceptionally high-grade gold mineralization. The entire area is densely covered by boulders ranging in size up to maximum 3m diameter. Samples range from anomalous gold up to 320 g/t. Within these two distinct zones a total of 60 subcrop rock chip samples have been assayed. 26 samples grade over 10 g/t Au including 17 samples over 30 g/t Au, of which 13 are over 50 g/t Au. Mineralization is hosted in massive quartz veining and stockwork veining within sericite altered schist and is interpreted to be mesothermal shear hosted gold and silver. The project has low population density with the main target areas having large farms with just a few private owners. The Company has submitted environmental permits for drilling and granting of the exploration titles and is working on formal landowner access agreements.