Barksdale Resources Corp. announced the positive results of a Preliminary Economic Assessment completed on the San Javier oxide copper-gold project located in Sonora, Mexico. The PEA envisions a modest capital cost project utilizing conventional open-pit mining with a solvent-extraction and electrowinning plant to produce LME-grade copper cathodes on-site.

A copy of the PEA, prepared in accordance with the requirements set out in Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") will be filed under the Company's SEDAR+ profile within 45 days of this news release. All currency references in the PEA and this news release are in U.S. dollars. PEA Highlights.

San Javier PEA shows robust economics using a conservative base case copper price of $4.00 per pound. Excellent growth opportunities including resource expansion, assessing the potential for gold recovery, and run of mine processing. PEA Summary.

The PEA, led by Tetra Tech Canada, was initiated in early 2023 and is based on the mineral resource estimate completed by Independent Mining Consultants Inc. in 2022. The PEA was completed in accordance with NI 43-101 and represents a significant milestone in the advancement of the project. The Company is currently earning a 100% interest in the San Javier project from Tusk Exploration Inc., a private British Columbia company.

Project Overview. The San Javier project is accessible from Hermosillo by a well-maintained paved two-land highway near the town of San Javier. The project consists of multiple showings of surface copper outcrops including the Cerro Verde resource area and the La Trinidad and Mesa Grande prospects.