Barksdale Resources Corp. announced positive permitting progress related to the proposed Sunnyside copper-lead-zinc-silver exploration program in Arizona. Following issuance of a draft Decision Memorandum and Finding of No Significant Impact for Barksdale's proposed seven-year exploration drilling program at Sunnyside in late January 2023, the United States Forest Service has continued to move through the final permitting steps.

On March 13, 2023, the 45-day Objection Period concluded, and resulted in two objections from parties that made previous comments during the USFS public comment period in 2021. The USFS confirmed with the Company that it completed the mail-out of objection responses on May 26, thereby ending the Objection Response Period. The final steps of the permitting process will take place over the next few weeks and include finalizing the administrative record and making any necessary updates to the Plan of Operations.

Once the Final DM and FONSI are issued and the Reclamation Performance Surety Bond is in place, the USFS will approve the Company's PoO, thereby allowing the start of the drilling program. Having selected its drill contractor, the Company plans to initiate a drilling program as soon as practical, based on drill rig and crew availability. Further updates will be made in due course.

Additionally, the Company reported that it has acquired 1.75 wetland mitigation credits from the Arizona Game and Fish Department ("AZGFD") under the In-Lieu Fee Program, which fulfills its permit requirements related to its U.S. Army Corps of Engineers Section 404 Individual Permit at Sunnyside. These credits are being used as proportionate compensatory mitigation for impacts that could occur on the Sunnyside project and will be used to establish and enhance riparian habitat at the Lower San Pedro River Wildlife Area ILF site, which is an AZGFD owned and managed property.