Group Eleven Resources Corp. announced results from the first four holes of the 2024 drill program at the Company's 100%-owned Ballywire zinc-lead-silver discovery ("Ballywire"), PG West Project ("PG West"), Republic of Ireland. Mineralization intersected in all four step-out holes testing the previously undrilled C2 and C3 gravity-high anomalies (located 530m and 930m east of the Ballywire discovery area).

Key intersections include: 4.6m of 5.2% Zn+Pb (4.4% Zn and 0.9% Pb) and 15 g/t Ag (from 288.9m down hole), including 1.9m of 6.9% Zn+Pb ("5.5% Zn and 1.4% Pb) and 22 g/t Ag within a 59.7m package of intermittent mineralization (not yet fully assayed) in G11-3552-08, a 930m step-out (testing Anomaly C3). 2.7m of 4.3% Zn+Pb(1.1% Zn and 3.2% Pb) and 7 g/t Ag, including 0.6m of 12.9% Zn+ Pb (1.5% Zn and 11.4% Pb) & 16 g/t Ag (from 291.5m down hole) within a 22.5m wide zone of mineralization in G11-3552 -06, approximately. 100m south of the above hole; and 4.4m of 304 g/t Ag, 0.73% Cu and 1.0% Zn+Pb.0% Zn and 0.1% Pb) (starting at 331.6m down hole), including 0.6m of 1,440 g/t Ag, 3.03% Cu and 1.6% Zn+Pb, the highest silver value ever intersected by the Company, within a 91.9m package of intermittent mineralization in G11- 3552-07, a 530m step-out (Anomaly C2).

The above results combined with the projection of the high-grade trend at the discovery area, suggest that the strength of the system is increasing to the north of the C2 and C3 anomalies. Drilling continues with two rigs, testing further north on Anomaly C3 and in between the discovery area and Anomaly C2, respectively.