Group Eleven Resources Corp. announced assay results from two recent step-out holes at its 100%-owned Ballywire zinc-lead-silver discovery, PG West Project, Ireland. Highlights from drill hole G11-468-12 at Ballywire: Two high-grade zones intersected, including the most extensive alteration and higher silver and copper grades discovered to date on the property: 10.5m of 14.7% Zn+Pb (5.8% Zn and 8.9% Pb), 399 g/t Ag and 0.31% Cu from 292.0m downhole, including 1.4m of 33.2% Zn+Pb ("18.6% Zn and 14.6% Pb), 923 g/t Ag and 1.00% Cu, in a broader interval of 18.8m of 10.2% Zn+ Pb (3.9% Zn and 6.3% Pb), 257 g/t Ag and 0".

The Feeder Zone is particularly significant as it will aid vectoring efforts as progress drill program to the east, along the 3km-long, undrilled strike projection of the mineralizing system. With a growing footprint of impressive grades, significant room to grow and a two-rig drill program, the next few months of drilling at Ballywire are poised to be transformational for Group Eleven. The Ballywire prospect at the Company's 100%-owned PG West Project in Republic of Ireland, is a new discovery (initially announced in September 2022).G11-468-12 (-75° dip, 330° azimuth, 323m depth), an 80m step-out to the east (along strike) from G11-468-06, intersected two significant zones of mineralization: (i) 10.5m of 14.7% Zn+Pb (5.8% Zn and 8.9% Pb), 399 g/t Ag and 0.31% Cu, in a broader interval of 18.8m of 10.2% Zn+Pb (3.9% Zn and 6.3% Pb), 257 g/t Ag and 0.22% Cu (true width unknown), interpreted to be an important steeply- dipping and likely vertically extensive feeder zone below the Waulsortian limestone; and (ii) 4.3m of 8.8% Zn+Pb (5.6% Zn and 3.2% Pb), 149 g/t Ag and 0.31% Cu, in a broader interval of 8.3m of 5.7% Zn+Pb (3.7% Zn and 1.9% Pb), 86 g/t Ag and 0.17% Cu (true width is 90-100% of reported interval), approximately at the base of the Waulsortian limestone.