Highlights

-Scouting drill program underway, with 1,780 meters completed across 6 holes to date, with 1,010 meters at the San Carlos Target Area and 780 meters at the Portezuelo Target Area.
-The first drilling results in the San Carlos Target Area confirm the polymetallic continuity of the deposit over 800 m long, with results revealing high-grade intercepts including DDH-SC-07 @ 843 g/t AgEq (555 g/t Ag, 3.0% Zn and 4.9% Pb) over 1.9 meters.
-Campaign was extended to the Portezuelo Area, with two drill-holes that reveals a new extension of the copper-rich mineralized vein zone in ~1,300-meter corridor.

Santiago, March 13th, 2024.-

Pampa Camarones, a mining company under the control of Minería Activa, is pleased to announce positive initial results from its Scouting Drill Program, consisting of preliminary assay results and geological information from recently completed diamond drill holes at San Carlos and Portezuelo Potential Target Areas. The program is highlighted by significant high-grade Ag-Zn results in the San Carlos Area, and the discovery of a new Cu-rich mineralized vein zone in Portezuelo Area.

The outstanding results, in both the San Carlos and Portezuelo Target Areas, and successful cost control programs during the campaign, have allowed us to extend the exploration program further than the 2.000 meters previously announced. We now expect to drill a total of up to 2,500 meters of DDH, completing the final two holes in the San Carlos area. We anticipate publishing a new update by April 2024.

More information www.pampacamarones.cl/en/investor-relations