Great Southern Copper plc announced that it has signed two binding Letters of Intent (LOI's) which further consolidate the Company's Especularita project and include two high priority prospects, Cerro Negro and Artemisa. Purchase option agreements extend GSC's existing claims and enable the Company to earn 100% of the Cerro Negro and Artemis properties, subject to completion of annual option payments over 4-5 years. Cerro Negro includes the high-grade Mostaza Cu-Ag deposit previously mined by Antofagasta Minerals; Artemisa includes alteration and historical artisanal copper workings adjacent to existing GSC targets at Victoria and Lipa; Cerro Negro and ArtemISA further consolidate GSC's control of the extensive Colorada lithocap and provide additional evidence of potential for porphyry copper+gold mineralisation at depth below the advanced argillic alteration blanket; Artemisa agreement also includes the Viuda, Brecha Amarilla, Paclas and Los Rulos prospects that include additional porphyry copper+gold and skarn targets; Cerro Negro and ArtEMisa further enhance GSC's drilling pipeline which includes the Teresita-Abundante scout RC programme that is now completed with assays pending; Sampling, geophysics and metallurgy surveys are being planned to fast-track these new prospects for drilling; Next steps: The Company plans to fast-track its exploration efforts across the Cerro Negro, Artemisa and Viuda prospects, including sampling, geophysics and met allurgy programmes, with the aim of drill testing the prospects within 12 months of signing of the LOI agreements.

Due diligence of the prospects is currently under way. In addition, scout RC drilling at the Teresita-Abondante prospects has now been completed and assays are pending. The drilling has been designed to provide proof-of-concept information for intrusive-related gold+copper systems (IRGS) at Teresita and tourmaline breccia pipe copper mineralisation at Abundante.