Alto Metals Limited reported strong gold results from ongoing drilling at the Indomitable Camp, within the Company's 100% owned, Sandstone Gold Project, in Western Australia. The RC drilling at the Musketeer Prospect was designed to both infill and test extensions to the north-west and south-east identified from historical drilling, with the intention to include Musketeer in a future mineral resource update. New assay results in this release are from one-meter photon assays relating to 32 RC holes drilled on 40m x 40m spacing at Musketeer for a total of 4,222m at an average downhole depth of 132m.

The program has successfully intersected shallow gold in multiple holes, with mineralization defined over a total strike of over 900m and remains open to both the north-east, the south-west and at depth. Significant new shallow oxide gold results from this latest program at Musketeer include: 9m @ 5.0 g/t gold from 71m, incl. 1m @ 15.3 g/t gold from 74m (SRC738), 19m @ 1.5 g/t gold from 73m, incl.

1m @ 11.8 g/t gold from 73m (SRC739), 7m @ 3.4 g/t gold from 51m, incl. 1m @ 22.2 g/t gold from 55m (SRC758), 5m @ 5.1 g/t gold from 80m, incl. 2m @ 10.8 g/t gold from 80m (SRC736), 6m @ 2.9 g/t gold from 86m, incl.

1m @ 9.8 g/t gold from 87m (SRC748), 3m @ 3.3 g/t gold from 60m, incl. 1m @ 9.4 g/t gold from 61m (SRC747), 7m @ 1.5 g/t gold from 84m, incl. 1m @ 5.2 g/t gold from 89m (SRC751), 9m @ 1.2 g/t gold from 159m, incl.

4m @ 2.3 g/t gold from 161m (SRC742), 11m @ 1.0 g/t gold from 38m, incl. 3m @ 2.0 g/t gold from 38m (SRC737), 18m @ 1.0 g/t gold from 50m, incl. 4m @ 2.2 g/t gold from 50m(SRC728) o 6m @ 2.0 g/t gold from 85m, incl 2m @ 5.1 g/t gold from 85m (SRC749) o 4m @ 2.5 g/t gold from 102m (SRC743),and 5m @ 1.8 g/t gold from 67m (SRC752).

Historical shallow RC drilling completed by Troy Resources Ltd. (Troy) over Musketeer, referred to in this release, includes: 23m @ 8.8 g/t gold from 37m, incl. 1m @ 185.0 g/t gold from 40m (TRC614), 15m @ 3.7 g/t gold from 47m, incl. 2m @ 20.5 g/t gold from 48m (TRC623), 6m @ 6.2 g/t gold from 35m, incl.

1m @ 20.3 g/t gold from 35m (TRC650), 12m @ 2.1 g/t gold from 15m, incl. 1m @ 12.1 g/t gold from 24m (TRC624), 9m @ 4.0 g/t gold from 50m, incl. 2m @ 10.9 g/t gold from 51m (TRC661), 8m @ 2.2 g/t gold from 42m, incl.

1m @ 10.6 g/t gold from 43m (TRC607), 11m @ 2.3 g/t gold from 40m, incl. 3m @ 5.7 g/t gold from 40m (TRC654), 14m @ 1.1 g/t gold from 75m, incl. 1m @ 6.2 g/t gold from 85m (TRC608) o 15m @ 1.1 g/t gold from 38m, incl.

2m @ 2.7 g/t gold from 49m (TRC657), 13m @ 1.4 g/t gold from 46m, incl. 1m @ 6.0 g/t gold from 47m (TRC658), 5m @ 2.2 g/t gold from 22m (TRC552), and 15m @ 1.4 g/t gold from 35m, incl. 1m @ 6.7 g/t gold from 38m (TRC664).

The Indomitable Camp is currently defined over a +2.5km strike length and sits within a +20km NW/SE trending gold corridor which also hosts the Vanguard and Havilah deposits, within the `Alpha Domain' priority target area (see Figure 6).Ongoing drilling & exploration activities for remainder of 2022Alto's major ongoing drilling program, planned for 60,000m, is progressing well as it focuses on both resource growth and exploration at existing resources, and a number of advanced regional prospects, including: Extensional and resource definition RC drilling continuing at Indomitable, including targeting the `gap' between the optimized pits at northern end of Indomitable and the southern end of Indomitable North, and follow up drilling of the recent shallow oxide results north of Indomitable North; Infill RC planned for Indomitable East to follow up on the recent wide spaced drilling results (on 80 x 40m spacing) that have defined mineralization over 1km; and First pass RC drilling planned for Oroya to test potential high-grade. A soil sampling program has recently been completed over the Hacks West area (assays pending) and a soil sampling program is currently underway over Sandstone North, as part of the regional Sandstone exploration. Pending Assays & Updated Mineral Resource Work: Assays are currently pending from 10,000m of extensional and infill RC drilling completed at Indomitable and ~1,500samples from first pass soils recently completed over the Hacks West.

RC drilling is ongoing at the Indomitable Camp as part of the updated mineral resource work anticipated to be completed by the March quarter 2023. The updated mineral resource work will include the follow up drill results from Lord Nelson and Juno and the drill results from the ongoing infill and extensional program at Indomitable, including a maiden resource for Indomitable East and Musketeer.