Western Metallica Resources Corp. provided an update on current activities and near-term operational plans as it relates to the Company's Peruvian acquisitions. The Company has now retained a Peruvian-based team to oversee day-to-day operations and exploration work at its recently acquired Turmalina and Cana Brava Projects, two highly prospective copper-molybdenum porphyry properties located in Northern Peru.

These activities will be aimed at outlining the extent of the porphyry-related alteration, the potential lateral and vertical zonation, defining potential controlling structures and favourable host lithologies, as well as systematic rock sampling aimed at defining anomalies and vectors to the mineralized centres. Based on initial interpretation of collected data, Western Metallica believes there is potential at Cana Brava for a cluster of medium-sized porphyry copper-molybdenUM systems of above average grade. The encouraging initial data coupled with the Company's expertise in exploration and development, and strong cash position with $3 million in capital to advance operations into 2024, puts it in a prime position to unlock the untapped potential of this newly-acquired copper project.

Both projects are well located in proximity ports and major paved roads, and each project is comprised of large mineral concessions conducive to future project scalability. Cana Brava is a highly prospective 4,900-hectare copper-molyb Denum project (including newly staked extensions) located in the La Libertad Department of northern coastal Peru, only 35 kilometers inland from the Peruvian coast and at an elevation of 1,500 metres in the western Cordillera of the Peruvian Andes, neighboring large emerging copper discoveries such as Hudbay's Llaguen Cu-Mo Project. Cana Brava hosts three known partially eroded porphyry centres; The Company intends to conduct a drone-based airborne magnetic survey over an area of 5,000 hectares, along 100-metre spaced lines, which, coupled with the existing surface mapping data, will support field program targeting.

Although the Company is now strategically refocused on advancing its Peruvian exploration plans given compelling data and regional implications for future discoveries, Western Metallica's technical team has finalized the acquisition of gravimetric and magnetic data over its wholly-owned Nueva Celti copper project, located in Andalucia, Spain. The program delineated the possible extension of the known mineralized body to the north, beyond the regional normal-slip Penaflor faulting system, as well as indicated the presence of a new magnetic anomaly located immediately northeast from the know Nueva Celti deposit. Both anomalies merit further investigation with the execution of certain induced polarization (IP) pole-dipole lines aimed at investigating the possible source of these anomalies beneath a 150-200 metre depth Miocene marlstone cover.

The Company reported that it has successfully built the core of its Peruvian team, filling the exploration, office, and operations management positions, along with engaging a consulting firm experienced within the region of both projects. The exploration manager, Ramon Medina, is a proficient senior geologist with over 25 years of experience evaluating, exploring, and developing greenfield and brownfield precious and base metals projects in Latin and North America, who previously held the position of Exploration Manager for Hochschild Mining in Peru. The office manager, Daniela Principe, an International Business graduate with a diploma in Logistics and Operations, and 10 years of experience in the mining sector, including the position of management assistant for several mineral exploration companies in Peru.

Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "plan", "predict", "predict", "may" or "may" or "should" and "should" and the negative of these words or "should" and the negative.