Variscan's Managing Director & CEO, Stewart Dickson said, 'We are delighted to commence surface drilling on the Buenahora Exploration Licence area.

This campaign directly supports a key stated objective of Variscan's exploration plan, which is to define a regionally significant mineral resource similar in size and grade to the former producing and proximal Reocin Mine.

There has been no significant exploration drilling at Buenahora for at least the last three decades. The zinc market has changed significantly in that time, making this area and the Novales-Udias project overall, a very attractive development project today. Whilst underground drilling at the San Jose Mine has been ongoing, the Variscan team has completed a significant amount of technical and logistical preparatory work needed to ensure we could hit the ground running at Buenahora once our final drill permit was awarded. We are particularly pleased to have partnered with a locally based drilling contractor, Geoplanning SL as Variscan is committed to supporting local businesses and contributing positively to the local community.

We're looking forward to reporting results from this upcoming drilling. With further drilling-led exploration activity planned on the project, it is an exciting time for Variscan shareholders.' Variscan Mines Limited ('Variscan' or the 'Company' or the 'Group') (ASX:VAR) is pleased to advise that an initial surface drilling program has commenced at the Buenahora Exploration Licence, within the Novales-Udias Zinc-Lead Project in Cantabria, northern Spain. Variscan has engaged GeoPlanning SL (GeoPlanning) to undertake the drilling program. GeoPlanning is a local Spanish drilling contractor that provides drilling services to a wide number of companies in Spain and also has particularly good local relations in the region of Cantabria as a number of its staff are from the vicinity.

The Buenahora drill program will test its significant exploration potential In terms of modern exploration, Buenahora is considered to be highly under-explored and, while subject to some historical drilling and artisanal workings, the recent discoveries of significant untested geophysical anomalies have highlighted the significant potential of the tenement. The Directors believe the areas' small-scale past production is a positive indication of future mining potential.

Contact:

Stewart Dickson

Tel: +44 (0) 7799 694195

Email: stewart.dickson@variscan.com.au

About Variscan Mines

Variscan Mines Limited (ASX:VAR) is a growth oriented, natural resources company focused on the acquisition, exploration and development of high-quality strategic mineral projects. The Company has compiled a portfolio of high-impact base-metal interests in Spain, Chile and Australia. Its primary focus is the development of its advanced zinc projects in Spain.

Forward Looking Statements

Forward-looking statements are only predictions and are not guaranteed. They are subject to known and unknown risks, uncertainties and assumptions, some of which are outside the control of the Company. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to differ from those referred to in this announcement. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements.

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