Auxico Resources Canada Inc. announced that the Minastyc Project, a Company-controlled property, has received a Mining Registration Certificate from the National Mining Agency as it relates to the property mining title, which secures the Company's rights to the exploration and exploitation of the property until 2040. The Company has furthermore executed an Exclusive Operating Agreement and Security Interest Contract for Future Production with the mining title holder, Mr. Climaco Unda; the execution of these agreements assures the Company's rights to commence production during the mining title transfer period, allowing Auxico to advance an exploitation plan which includes mining key areas of the Minastyc property related to high-grade samples of tin collected during previous work programs. The Security Interest Contract assigns to the Company the rights to perform mining activities and enter into production on the Minastyc property, as well as collateralizes the obligation of Mr. Climaco Unda's assignment of the mining title to Auxico. The Minastyc Project mining title covers a total area of 188 hectares in Puerto Carreno, department of Vichada, Colombia, a prolific critical mineral property with sampled grades up to 62.13% tin, among rare earth elements, tantalum, niobium, and others.

The Company has started operational planning for small-scale mining production with the intention to achieve a volume of up to 300 tonnes per month, commencing with Phase 1 (area of 18.4 hectares) production of tin concentrates from targeted high-grade sections of the property delineated through previous sampling programs.