Minsud Resources Corp. announced the receipt of assay results from four (4) additional drillholes, which were completed as part of the ongoing Phase IV scout drilling program at the Chita Valley Project, San Juan province, Argentina. Thirty-three (33) drillholes have been completed to date in the Phase IV program, encompassing a total of 23,420 metres.

Assay results have been received from the additional four drill holes totaling 3,153 metres, which include drillholes CHDsecond half3-69 through to CHDsecond half3-72. Key highlights and associated figures are provided below. Chinchillones Breccia Target: High-grade breccia body with mineralization extending below 1,200m depth Hole CHDsecond half3-69 was drilled to test the continuity of the polymetallic trend in the Chinchillones West Area.

It was drilled with an orientation of 135°/-80° and reached a depth of 1,242 metres. The results from this drillhole are highly significant, having intersected a 456-metre interval of continuous high-grade polymetallic (Zn-Pb-Cu-Ag-Au-Mo) breccia. The drillhole intersected a high-grade breccia body emplaced within precursor diorites that host early mineralization A and B veins.

This high-grade mineralization is largely hosted within a steep-sided magmatic-hydrothermal breccia body, at least 120 metres-wide and remains open along strike. The geometry and extent of this body are yet to be fully established. This important breccia body exhibits broad textural and mineralogical zonation, characterized by zinc- rich, sulphidic, hydrothermal shingle breccias from along the contact zone with the country rocks and transitions down-dip to copper-rich mosaic breccias and then to molybdenite-rich fragment-supported breccias.

This zoning pattern is interpreted here to reflect the accumulation of over-pressured, volatile gases which has led to an eruptive colu million above a porphyry Cu-Mo intrusion, without breaching the paleosurface. Significant polymetallic (Zn-Pb-Au-Cu-Mo) mineralization intervals for drillhole CHDsecond half3-69 includes: 786.0m @ 0.43% Cu, 368 ppm Mo, 0.23 g/t Au and 15.78 g/t Ag, from 456 to 1,242m (open at depth) o including 160.0m @ 0.35% Cu, 0.34 g/t Au, 45.72 g/t Ag, 3.58% Zn, 1.25% Pb, from 456 to 616m. o including 166.3m @ 1.35% Cu, 0.54 g/t Au, 26.63 g/t Ag, 181 ppm Mo, from 616 to 782.3m.

These hydrothermal breccia characteristics are affiliated with, and are thought to form part of the mineralized breccias found in drillholes CHDsecond half1-37, CHDsecond half1-38, CHDsecond half1-23 and CHDsecond half1-26. Thus, this zone of higher-grade breccias has a drill-demonstrated strike length of at least 250m and a vertical colu million of at least 600m. Follow up drillholes are testing the breccia's NNE-continuity.

Link Zone Target The Link Zone target is located between the South Porphyry (aka PSU) and Chinchillones targets. Scout drilling in this area has confirmed the presence of high-grade mineralized structures hosted in the sedimentary Agua Negra Formation and Tertiary-aged domes. CHDsecond half3-72 is located on the eastern edge of the Link zone.

It was drilled with an orientation of 135°/- 65° to a depth of 762 metres. Drill intercepts: 166.0m @ 0.11% Cu, 180 ppm Mo, 515 ppm Zn, from 132.0 to 298.0m. 34.0m @ 0.12% Cu, 8.39 g/t Ag, 0.15% Zn, from 684.0 to 718.0m.

From 246m to 509m intercalated early dioritic and andesitic porphyries were intersected. Strong potassium alteration, Biotite +/- K-feldspar with moderate superimposed sericite-chlorite alteration. It is considered that the porphyry intercepts could correspond to the West extension of the Chita primary porphyry (PSU).

New Target to the NE of Chinchillones During late 2022, the Company identified and drilled a new 1 km x 1 km target area to the NNE of the principal Chinchillones system. The new target area is covered by the Agua Negra sedimentary sequence, with quartzites and shale, traversed by small andesitic/dacitic bodies hosting porphyry-related B and A veinlets. Scout drillholes at this location included CHDsecond half3-70 and CHDsecond half3-71.

Hole CHDsecond half3-70 was drilled to a depth of 618.2 metres. Highlights are outlined below: Drill intercepts: 8.0m @ 0.49% Cu, 0.19 g/t Au and 10.45 g/t Ag from 372.0 to 380.0m. 16.0m @ 0.40% Cu, 1.14 g/t Au, and 4.56 g/t Ag, from 564.0 to 580.0m.

Intersected narrow, high-sulphidation structures measuring 8 and 16 metres containing chalcopyrite, pyrite and sphalerite. The drillhole intersected a sequence of sandstones and quartzites of the Agua Negra Formation hosting weak illite and sericite +/- chlorite alteration. A few early andesite dikes cut through this sequence.