Atico Extends Ore Body at El Roble Mine in Colombia with Initial Intercepts up to 24.3m of 3.70% Cu, 8.40g/t Au, including 7.3m of 6.41% Cu and 20.00g/t Au

Atico Extends Ore Body at El Roble Mine in Colombia with Initial Intercepts up to 24.3m of 3.70% Cu, 8.40g/t Au, including 7.3m of 6.41% Cu and 20.00g/t Au

Atico Mining Corporation (TSX.V: ATY | OTCQX: ATCMF) ("Atico" or the "Company") is pleased to announce that the initial exploration program being carried out in an area of historical mining to expand tonnage at the El Roble mine has returned positive initial results. In addition, the Company reports the results for five diamond drill core holes (ATD-0160 through ATD-0179), which included 24.3m of 3.70% copper and 8.40gt gold and 31.8m of 3.40% copper and 2.01gt gold, respectively.

"We are pleased to report that our mine vicinity drill campaign has successfully intercepted new mineralization and an extension of the main historic massive sulphide body at the El Roble deposit. This area that was mined by operators previous to Atico obtaining control of the mine on November 22, 2013," said Fernando E. Ganoza, CEO. "These results continue to increase confidence in our view that additional high-grade copper and gold mineralization remains both within the historically defined bodies and beyond the previously outlined mineralized shell. These strong assay results are open at depth and along strike and we will continue the drill program in this vicinity and into the second half of the year at which time the Company plans to update the resource estimate."

Exploration Drilling Results Include:

Hole From (m) To (m) Interval (m) Cu (%) Au (g/t)
ATD-0160 36.6 68.4 31.8 3.40 2.01
Including 53.5 56.5 3.0 3.90 7.04
ATD-0163 40.0 69.5 31.0 2.62 2.43
Including 60.5 69.5 9.0 5.71 4.40
ATD-0179 38.75 78.0 24.3 3.70 8.39
Including 38.75 46.0 7.3 6.41 20.00

True widths are dependent on uncertainties in the local strike and dip of the mineralization and are estimated to be between 90% and 95% of the drill intercept.

Exploration Drilling Program

The goal of the current surface and underground drilling program at the El Roble mine is to define zones of mineralization within the extent of main historic massive sulphide body that were not exploited by previous operators and also to expand the historically identified resource. During the first quarter of 2023, the Company began a drill program to test the main mineralized body and the immediately adjacent area. A total of 3,765 meters of drilling are planned for 2023, of which final results for initial three drill holes have been received.

El Roble Mine

The El Roble mine is a high grade, underground copper and gold mine with nominal processing plant capacity of 1,000 tonnes per day, located in the Department of Choco in Colombia. Its commercial product is a copper-gold concentrate.

Since obtaining control of the mine on November 22, 2013, Atico has upgraded the operation from a historical nominal capacity of 400 tonnes per day.

El Roble has Proven and Probable reserves of 1.00 million tonnes grading 3.02% copper and 1.76 g/t gold, at a cut-off grade of 1.3% copper equivalent with an effective date of September 30, 2020. Mineralization is open at depth and along strike and the Company plans to further test the limits of the deposit.

On the larger land package, the Company has identified a prospective stratigraphic contact between volcanic rocks and black and grey pelagic sediments and cherts that has been traced by Atico geologists for ten kilometers. This contact has been determined to be an important control on VMS mineralization on which Atico has identified numerous target areas prospective for VMS type mineralization occurrence, which is the focus of the current surface drill program at El Roble.

Qualified Person

Garth Graves, P. Geo.

Garth Graves, P. Geo., consultant geologist for Atico Mining Corporation and a qualified person in accordance with National Instrument 43-101 has reviewed and approved the technical information contained in this news release.

About Atico Mining Corporation

Atico is a growth-oriented Company, focused on exploring, developing and mining copper and gold projects in Latin America. The Company generates significant cash flow through the operation of the El Roble mine and is developing its high-grade La Plata VMS project in Ecuador. The Company is also pursuing additional acquisition of advanced stage opportunities. For more information, please visit www.aticomining.com .

ON BEHALF OF THE BOARD

Fernando E. Ganoza
CEO
Atico Mining Corporation

Trading symbols: TSX.V: ATY | OTCQX: ATCMF

Investor Relations
Igor Dutina
Tel: +1.604.633.9022

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘‘U.S. Securities Act''), or any state securities laws, and may not be offered or sold in the United States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

Cautionary Note Regarding Forward Looking Statements

This announcement includes certain "forward-looking statements" within the meaning of Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation the use of net proceeds, are forward-looking statements. Forward- looking statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs; the need to obtain additional financing to maintain its interest in and/or explore and develop the Company's mineral projects; uncertainty of meeting anticipated program milestones for the Company's mineral projects; and other risks and uncertainties disclosed under the heading "Risk Factors" in the prospectus of the Company dated March 2, 2012 filed with the Canadian securities regulatory authorities on the SEDAR website at www.sedar.com


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Atico Mining Signs an Investment Agreement with the Government of Ecuador, for the Development of its La Plata Project

Atico Mining Signs an Investment Agreement with the Government of Ecuador, for the Development of its La Plata Project

Atico Mining Corporation (the "Company" or "Atico") (TSX.V: ATY | OTC: ATCMF) is pleased to announce that it has signed, with the Government of Ecuador, an investment agreement ("the Agreement") for its 100% owned La Plata mining project located in Ecuador (the "La Plata project").

During the Prospectors and Developers Association of Canada Convention in Toronto, Canada (PDAC), and in alignment with his strategic initiative to foster the creation of high-quality employment opportunities for the youth and to entice responsible mining investments within Ecuador. The President of Ecuador, Mr. Daniel Noboa, alongside Mrs. Andrea Arrobo, Minister of Energy and Mines, Sonsoles Garcia, Minister of Production, External Commerce, Investments, and Fisheries, and Minister of Foreign Affairs Gabriela Sommerfeld, engaged in a pivotal meeting with a consortium of institutional funds, investors, and eminent mining corporations. In the context of this event, the Ecuadorian administration, through the agency of Minister Sonsoles Garcia, formalized this agreement with Atico Mining Corporation.

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Atico Reports High Grade Intercepts up to 4.45m of 5.17% Cu, 10.47g/t Au and 4.90m of 9.35% Cu, 2.94 g/t Au and Continues to Extend the Ore Body at El Roble Mine in Colombia

Atico Reports High Grade Intercepts up to 4.45m of 5.17% Cu, 10.47g/t Au and 4.90m of 9.35% Cu, 2.94 g/t Au and Continues to Extend the Ore Body at El Roble Mine in Colombia

Atico Mining Corporation (TSX.V: ATY | OTCQX: ATCMF) ("Atico" or the "Company") is pleased to announce additional positive results for the exploration program initiated in 2023 being carried out in an area of historical mining to expand tonnage at the El Roble mine. In addition, the Company reports the results for seven diamond drill core holes (see first table below), which included 4.45m of 5.17% Cu, 10.47gt Au and 4.90m of 9.35% Cu, 2.94 gt Au.

"We are pleased to report that our mine vicinity drill campaign continues to intercept new mineralization and extend the main historic massive sulphide body at the El Roble deposit. While, this area was mined by operators previous to Atico obtaining control of the mine on November 22, 2013, these results are intercepting additional high-grade mineralization beyond the previously outlined mineralized shell which remains open at depth and along strike," said Fernando E. Ganoza, CEO. "These strong assay results continue to increase confidence in our view that additional high-grade copper and gold mineralization remains both within the historically defined bodies and beyond the previously outlined mineralized shell and are open at depth and along strike. Final results for the remaining drill holes from the current exploration program initiated in 2023 will be available within following weeks at which time the Company plans to update the resource estimate. A new drill program is planned to continue exploration in this vicinity during 2024."

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Atico Mining Corporation (the "Company" or "Atico") (TSX.V: ATY | OTCQX: ATCMF) is pleased to announce operating results for the three- and twelve-month periods ended December 31, 2023 from its El Roble mine. Production totaled 4.37 million pounds of copper with 2,578 ounces of gold for the fourth quarter ("Q4 2023") and 13.24 million pounds of copper with 10,149 ounces of gold in concentrates for the full year 2023.

"Operationally the Company had a challenging first half of the year. The team turned things around in the third quarter and continued to improve all metrics to finish the year delivering just under our production guidance. At the same time, we saw very prospective drill results from our El Roble mine vicinity drill program which could point towards an extension of the current life of mine," said Fernando E. Ganoza, CEO. "In the upcoming year, we continue to have significant milestones ahead of us yet to achieve. In the first half of the new year, our main focus will be on the El Roble mine resource update, completion of the La Plata Feasibility Study and delivering on all requirements to receive the environmental permit for the La Plata project."

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The Government of Ecuador Approves Atico's Concession Extension Until 2049

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Atico Mining Corporation (the "Company" or "Atico") (TSX.V: ATY | OTCQX: ATCMF) is pleased to announce that the Ministry of Energy and Mines of Ecuador, through the Central Coordination Zone, has authorized the extension period for the La Plata mining concession.

This new period of validity for the concession is extended until 2049. This time frame will allow for the advancement of engineering activities, construction, operation, and closure of mining operations within the concession, as well as allowing the integration of any future exploration success within the mining concession that could potentially add to the currently estimated resources.

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Atico Mining Reports Results on Brownfield Drilling Campaign to Extend Mine Life at El Roble High Grade Copper/Gold Mine in Colombia, Continues to Expand Tonnage with Intercepts up to 24.7m of 4.19% Cu, 3.11g/t Au, and 5.0m of 4.84% Cu and 12.26 g/t Au

Atico Mining Corporation (TSX.V: ATY | OTCQX: ATCMF) ("Atico" or the "Company") is pleased to announce that the brownfield exploration program being carried out in an area of historical mining to expand tonnage and extend mine life at the El Roble mine has continued to returned positive results. In addition, the Company reports the results for five diamond drill core holes targeting the main massive sulfide body Cuerpo Principal (ATD-0182, ATD-0190, ATD-0193, ATD-0194, ATD-0195) and several adjacent lenses called Cuerpos Norte (ADT-0197 through ADT-0200 and ADT-0203 through ADT-0207). Results included 24.7m of 4.19% Cu, 3.11gt Au, and 5.0m of 4.84% Cu and 12.26 gt Au.

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Western Copper and Gold Corporation logo (CNW Group/Western Copper and Gold Corporation)

Rio Tinto acquired 239,528 common shares of the Company at a price of C$1.35 per share for proceeds of C$323,363 , allowing Rio Tinto to maintain its interest of approximately 9.7%.

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com .

On behalf of the board,

"Sandeep Singh"

Sandeep Singh
Chief Executive Officer
western copper and gold corporation

SOURCE western copper and gold corporation

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SKRR Exploration Inc. Announces Clarification on Prior Agreement with Red Cloud

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SKRR Exploration Inc. (TSXV: SKRR) (FSE: B04Q) (" SKRR " or the " Company ") announces a previous engagement of Red Cloud Financial Services Inc. (" Red Cloud ") for certain capital market advisory services pursuant to an advisory agreement dated December 8, 2021 (the " Agreement ") was not accepted by the TSX Venture Exchange (the " Exchange ") as it did not fully comply with Exchange policies.

SKRR Exploration Logo (CNW Group/SKRR EXPLORATION INC.)

Red Cloud assisted in overall marketing of the Company. Certain of the services enumerated in the Agreement constituted promotional activity within the scope of Policy 3.4 of the Exchange. The Agreement was for an initial term of twelve months and automatically renewed on a month-to-month basis until terminated by either party on thirty days' prior written notice. The Agreement was formally terminated in June 2023 . Under the engagement, Red Cloud was paid an initial fee of $150,000 for the initial twelve-month period and $10,000 per month thereafter. Red Cloud is arm's length to the Company.

SKRR is a Canadian-based precious and base metal explorer with properties in Saskatchewan – one of the world's highest ranked mining jurisdictions. The primary exploration focus is on the Trans-Hudson Corridor in Saskatchewan in search of world class uranium, precious and base metal deposits. The Trans-Hudson Orogen – although extremely well known in geological terms has been significantly under-explored in Saskatchewan . SKRR is committed to all stakeholders including shareholders, all its partners and the environment in which it operates.

ON BEHALF OF THE BOARD

Sherman Dahl
President & CEO
Tel: 250-558-8340

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release contains "forward–looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements relating to the Agreement, and other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, the ability to secure equipment and personnel to carry out work programs, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses and those other risks filed under the Company's profile on SEDAR at www.sedarplus.ca . There is a possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, failure to secure personnel and equipment for work programs, adverse weather and climate conditions, failure to maintain all necessary government permits, approvals and authorizations, the impact of Covid-19 or other viruses and diseases on the Company's ability to operate, decrease in the price of gold, copper, nickel, uranium and other metals, failure to maintain community acceptance (including First Nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.

SOURCE SKRR Exploration Inc.

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