Western Metallica Resources Corp. updated on Penedela Drill Program. Mr. Funaioli's appointment comes at a crucial time in the Company's exploration program, having recently launched its 2,000-metre drilling program at its Penedela Project located in the Navelgas Gold Belt (refer to news release dated May 25th, 2022).

Management is pleased to report, in the initial 2 months of the program, the Company has completed over 640 metres of drilling, or approximately 32% of the 2,000-metres planned, at a total depth of 291 metres with initial indicators of mineralization in a pyrite-arsenopyrite vein. Three holes that were drilled as part of the 2,000-metre program exhibit gold mineralization, indicating the Au mineral is predominant in the system. The structure of the system also remains open which is validated by the series of drill holes conducted in the area.

The system is structurally complex, but the geological potential remains intact, and the system structure is comparable to other prolific models. The Company has developed an exploration strategy and implementation plan led by an experienced technical team, complemented by Mr. Funaioli's appointment, with the logistics required to execute on the program in place. Information collected from historical drilling and field geo-structural data exhibits interesting findings to support new targeting and resume a scout drilling program anticipated for early September.

Hole IB025, which was located on the southern section of the Penedela structure with direction N160° has targeted a N60° vein system observed at surface, which intercepted a low-angle core axis pyrite-arsenopyrite vein with 0.5 metre at 17.4 g/t Au. The Company's hypothesis is it may be related to a sulphide-rich system propagating from the anticline structure core and dipping eastward.