Minsud Resources Corp. announced the receipt of assay results from eight (8) additional drillholes, which were completed as part of the ongoing Phase IV infill and scout drilling program at the Chita Valley Project, San Juan Province, Argentina. Since the commencement of the Earn-in agreement with South32 Aluminium (Holdings) Pty Ltd. (?South32?) a wholly owned subsidiary of South32 Limited, a total of ninety-eight (98) drillholes have been completed to date, encompassing 63,168 metres.

Assay results have been received from drillholes CHD H2 3-91 through CHD H2 3-98, which total 5,883 metres. In 2023, Minsud completed 25,986.4 metres of diamond drilling. Of this, 16,148.4 metres were from scout drilling and 9,838.0 metres were from the infill drilling program.

CHD H2 3-96 was drilled with an orientation of 315°/-65° to a depth of 801 metres: Significant Drill Intercepts: 555.0m @ 0.43% Cu, 0.19 g/t Au and 4.80 g/t Ag, from 246m depth. including 44.0m @ 1.12% Cu, 0.29 g/t Au, 9.52 g/t Ag, from 462.0m depth. Geology: The drillhole was comprised of intercalated phreatomagmatic breccias and fine to medium grained porphyritic dacite.

Dominantly matrix-supported, polymictic, advanced argillic- altered dacitic breccias with prominent porphyritic dacite and quartzite clasts. Significant mineralization occurs as minute, frequent sulphide disseminations and in high sulphidation veins hosting up to 5% pyrite-bornite-sphalerite-tennantite. Narrow intervals of high sulphidation veins with more than 50% sulphides (pyrite-chalcopyrite-sphalerite-galena; e.g., 456-457m).

This higher-grade intercept shows potential continuity with the high-grade intercepts from CHD H2 3-73, CHD H2 2-62, CHD H2 3-69, CHD H2 3-77, CHD H2 2-57 and CHD H2 3-81, all of which exhibit similar Cu-Au geochemistry. This important Cu-Au body is apparently aligned WNW and coincident with the eastern edge of a late dome-diatreme complex. This higher-grade Cu-Au zone is surrounded by Cu-Au-As high sulphidation mineralization implying this Cu-Au porphyry mineralization is linked to the Cu-Au-As high sulphidation (HS) mineralization.

CHD H2 3-91 was drilled with an orientation of 315°/-75° to a depth of 850 metres: Significant Drill Intercepts: 386.0m @ 0.27% Cu, 0.07 g/t Au and 3.19 g/t Ag, 200 ppm Mo, from 458.0m depth. Geology: Up to 530.3m, dominantly intercalated, clast-supported, phreatomagmatic breccia. The breccia body hosts mineralized clasts of dacitic composition, quartzites and early dioritic porphyry.

There are intervals with late silicification and high sulphidation veins. Strongly silicified zones host up to 5% sulphides (pyrite-tennantite-sphalerite-molybdenite- chalcopyrite). A medium grained tonalite porphyry was encountered from 530m hosting stockwork, B+A and Mo veins with up to 5-7% sulphides (pyrite-chalcopyrite-molybdenite- sphalerite).

CHD H2 3-95 was drilled with an orientation of 135°/-70° to a depth of 826 metres: Significant Drill Intercepts: 194.0m @ 0.27% Cu, 0.03 g/t Au and 7.16 g/t Ag, 479 ppm Mo, 1858 ppm Zn, from 570.0m depth. Geology: The drillhole was comprised of medium to fine grained, early dioritic porphyry. Moderate quartz-sericite alteration overprinted potassic alteration.

There is a strong stockwork zone, with 20-25 vein/m frequency of B-type (with molybdenite) and A-type veins. Sulphides up to 3-5% (pyrite-chalcopyrite-molybdenite) occur as disseminations and in early quartz veins. Abundant chalcopyrite and molybdenite in quartz veins.

Approved Infill Drilling Program and Budget (2024) MSA continues the Chinchillones infill drilling program covering an area of approximately 2.5 square kilometres, for the purpose of generating a mineral resource estimate on the Property. The program comprises 27,488 metres of diamond drilling, distributed in 32 drillholes. A total of 13 drillholes totaling 9,838 metres (CHD H2 3-86 to CHD H2 3-98) were completed by the end of December 2023.

Grid interval/hole spacing is currently set at approximately 150 metres. The average depth of the planned drilling is approximately 800 metres. This phase of drilling is expected to be completed by the third quarter of 2024.

Continued drilling in Phase IV was mainly concentrated in the SW-NE corridor at the eastern end of the Chinchillones target. Drilling tested the lateral and depth continuity of the higher-grade Cu-Au body intersected from previously reported drillholes CHD H2 3-73 and CHD H2 3-62. Current 2024 Roadmap: Continue progress on the infill program, with remaining 17,650 metres, expected to be completed by third quarter.

Outline the geometry of the high-grade Cu-Au body identified in CHD H2 2-62 through CHD H2 3-69 and CHD H2 3-96, associated with the eastern edge of the Dome. Continuation of metallurgical testing on representative domains. Establish high, medium, and low- grade domains for metallurgical and recovery testing.

Establish degrees of impurities, contents, and processes in these domains. Continuation of mineralogical studies, Terraspec, TIMA, and QXRD on samples. Obtain an NI 43-101 resource estimate at the Chinchillones area within Chita Valley Project by the end of fourth quarter.

Beginning in fourth quarter, continue with the development of new Exploration Targets identified during geological mapping surveys completed in 2023.