Ubique Minerals Limited updated its shareholders on its ongoing corporate developments. During the last twelve months the Company has further engaged in its Daniel's Harbour project and strengthened its management team along with looking beyond borders to engage in frontier markets. Drilling and further advancements at the Daniel's Harbour Flagship project: Ubique owns three mineral licenses located in the Daniel's Harbour area in Newfoundland, Canada, covering more than 6 sq.

kms, in two blocks and has another four mineral licenses covering more than 10 sq. kms. under option from MinKap Resources Inc. ("KAP") (now Ophir Gold Corp.). The Ubique licenses cover at least three zones of zinc mineralization, one of which is the P Zone where Ubique completed most of its 2017 2018 and 2019 drilling programs, the highlight of which was a true width intersection of 13.6% Zinc over 12.2 metres including 17.43% Zinc over 8.6m.

There are now 28 drill holes in this target area with zinc intersections with greater than 4% zinc over at least 2 metres true widths. The KAP Option licenses cover many areas of the historic mining activity and research has already identified five high priority drill target areas where historic drilling intersected zinc mineralization, including a true width interval of 5.73m of 8.96% zinc in the 1386 zone target. Two of these drill target areas have been relocated (the 1386 and Nose Zones), the historic drill holes identified and new holes drilled confirming the location and grade of mineralization in 2019.

The 2021 drilling program will concentrate on these two zones, extending them and starting to define dimensions for resource estimates. The zinc mineralization intersected is a very pale coloured sphalerite, characteristic of a low-iron Mississippi-Valley-Type carbonate rock geological environment analogous to many large deposits in North America. Approximately 7,000,000 tonnes averaging 7.8% zinc have been mined from the Daniel's Harbour mine and after concentrating on site was shipped as a very high-grade concentrate from nearby deep-water port facilities to a custom zinc smelter.

Soil sampling has been undertaken on the Ubique East Mineral License where sampling in 2018 identified a zinc anomaly which was expanded by more sampling in 2019 - 2020. The limits of the anomaly were not defined and the additional sampling has been undertaken in 2021 to better define the anomaly. Over 300 samples have been sent to a laboratory for analyses.

Diamond drilling on the island of Newfoundland in 2021 has taxed the capacity of the industry and the Company was not able to finish its drilling in 2021 and is expected to finish the program in First Quarter 2022. Funding for the 2017, 2018 and 2020 diamond drilling programs was financially supported, in part, by grants from the Government of Newfoundland and Labrador under their Junior Exploration Assistance Program. Application has been made for a similar grant to support the 2021 diamond drilling program.

The Company will, in the year 2022, focus on further enhancing the project, finish the drilling program and fulfill the obligations to Ophir Gold in accordance with the earn in/option agreement. The Company expects to disclose the results of the 2021-2 program in Second Quarter 2022.