AuMEGA Metals Ltd. (formerly Matador Mining Ltd) announced the outcomes of its recently completed comprehensive technical workshop, which was led by world-renowned structural geologist Brett Davis. The workshop was carried out in Port aux Basque, Newfoundland and included AuMEGA Chair Justin Osborne, Company personnel and B2Gold geologists. The main outcomes of the workshop included the identification of several new structural and geochemical targets based on mineral systems concepts, with each target assigned a score for ranking and prioritisation.

. In total, the Company has now defined 37 targets within its portfolio. As a result of the workshop, nine new targets were identified based on geophysical and geochemical data previously collected and re- interpreted.

These new targets were then combined with existing targets and subsequently assigned a score based on both conceptual and empirical criteria with the overarching defining criteria being the potential of the target to host a multi-million-ounce deposit. Three (O-2 West, O-2 East and Grandy's East) of these nine targets are a result of the Company's successful winter RC drill program at Malachite. Of the total targets that the Company has identified, 30 are in the early stages of exploration while five targets are in the intermediate stage and two in the advanced stage, both of which we are currently drilling within the resource corridor.

Another three intermediate targets are part of the phase two diamond drill program including O-2 West which delivered the best results from the winter RC drill program. The Company is currently ranking each of the targets and will create more specific work plans for each that don't currently have them in place. The work plans will be on the top ranking targets and will include the scope of work and expected outcomes, including the necessary outcomes required to continue to advance targets through the exploration lifecycle.

This work is expected to be completed in the coming weeks in conjunction with ongoing field exploration work. Current Field Work Update: The Company continues the first phase of the diamond drill program and expects to complete it within the next couple of weeks, with assays expected over the next few weeks. In July 2024, the Company's exploration activities include mainly geophysical and geochemical surveys in the resource corridor, Bunker Hill and Hermitage.

Assays from the first drillhole at Central Zone are pending, as are three remaining geotechnical holes.