Antilles Gold Quarterly Report & Appendix 5B – 31 December 2023

Antilles Gold Limited (“Antilles Gold” or the “Company”) (ASX: AAU, OTCQB: ANTMF) is pleased to present its Quarterly Activities and Cash Flow Report.

DEVELOPMENT OPPORTUNITIES IN MINERAL RICH CUBA

Antilles Gold is uniquely positioned to participate in two near-term gold mine developments, and in the exploration, and possible development of substantial copper prospects in Cuba, in joint ventures with the Government’s mining company, GeoMinera.

Exploration, and other pre-development activities on the copper projects could potentially be funded by part of the surplus cash flow expected to be generated by the near term development of the proposed Nueva Sabana gold-copper mine.

GOLD JOINT VENTURE

Minera La Victoria SA (“MLV”) was registered as a joint venture company in August 2020 to develop the largest known gold deposit in Cuba at La Demajagua on the Isle of Youth off the south west coast.

Since then, the scope of the joint venture has been expanded to include the development of the Nueva Sabana gold-copper mine in central Cuba, with Company ownership increased from 49% to 50%, and the possibility of a third gold development being considered.

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