Filo Mining Drilling Update for Filo del Sol Project

Filo Mining has announced results from two holes at the Filo del Sol Project in San Juan in Argentina. Drillholes FSDH061 and FSDH063 have successfully extended the strike length of the Aurora Zone by 180m to a total of 1.6km, and it remains open to expansion in the north and south directions. Filo Mining President & CEO Mr Jamie Beck said “Hole 61 pulls the Aurora Zone another 180m northeast of Hole 57, which was our previous northernmost intersection in this zone of elevated grade. The Aurora Zone is completely open to the north beyond this hole, and now extends 1.6 km southwest to the intersection in Hole 63. As we ramp up drilling into the South American spring and summer, we will continue a combination of larger step-out holes to try to find the edges of the mineralized system, along with step-out and infill holes to try to fully define the size of this remarkable Aurora Zone.”Drillhole FSDH061 intersected 701.2m at 1.13% CuEq from a depth of 392m, including;406m at 1.36% CuEq from 508mThe hole ended in strong mineralization at a depth of 1,093mDrillhole FSDH063, located 1.6km southwest of FSDH061, was drilled to a final depth of 1,141m and intersected 844.2m at 0.53% CuEq from a depth of 16m, including;142m at 0.71% CuEq from a depth of 16m and,112m at 0.86% CuEq from a depth of 436mThe Aurora Zone is interpreted to be continuous between these two holes, with large undrilled gaps remaining, and is open to the south of FSDH063 and to the north of FSDH061.Drilling was interrupted by an unusually harsh winter in the Andes, with uncharacteristically large snowfalls and strong winds occurring through several storms since late June. The weather has now improved, and drilling is currently underway with six diamond rigs on site, and six holes in progress. Filo del Sol is a high-sulphidation epithermal copper-gold-silver deposit associated with one or more large porphyry copper-gold systems. Overlapping mineralizing events combined with weathering effects, including supergene enrichment, have created several different styles of mineralization, including structurally controlled and breccia-hosted gold, manto-style high-grade silver (+/- copper) and high-grade supergene enriched copper within a broader envelope of disseminated, stockwork and breccia-hosted sulphide copper and gold mineralization. This complex geological history has created a heterogeneous orebody which is characterized by zones of very high-grade copper +/- gold +/- silver mineralization within a large envelope of more homogeneous, lower-grade mineralization.Filo Mining is a Canadian exploration and development company focused on advancing its 100% owned Filo del Sol copper-gold-silver deposit located in Chile's Region III and adjacent San Juan Province in Argentina.

Filo Mining Drilling Update for Filo del Sol Project

Strategic Research Institute

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