Electrum Discovery Corp. announced significant extensions of previously outlined copper-gold soil anomaly at Timok East, named Bambino and located five kilometers east of Zijin Mining's world-class Bor copper-gold mining complex in the Western Tethyan Belt in the Republic of Serbia. Large scale copper deposits, especially with a gold credit have come into focus as the price of copper, essential for electrification and gold have both increased in price recently.

Large scale deposits are increasingly more difficult to find and districts with large mines are typically the best area to look for them. In the recent times, the Timok region in Serbia has seen and continues to see significant new exploration, discoveries and investment. Zijin Mining of China bought control of the historic Bor mining complex as well as most recently discovered Cukari Peki copper-gold deposit where it has successfully initiated production.

Dundee Precious Metals continues to advance its Coka Rakita project, located on the edge and to the west of the traditional exploration district. Electrum holds a large land position just to the east of the traditional exploration area, so called Timok Magmatic Complex (TMC) in the same district. Highlights: The copper-gold Bambino anomaly has been extended to 1.8 kilometers in length, from 550 meters in initial sampling and remains open to the north and south; A separate parallel adjacent gold anomaly has been defined over a one kilometer strike length.