Aguia Resources Limited provided the Company's shareholders with an update on the exploration activities in the Rio Grande Copper Belt, southern Brazil. A diamond drilling program, has been designed to potentially expand the existing Andrade Mineral Resource and to test the Primavera Target, has commenced. Historically the Andrade Deposit returned significant mineralization from diamond drilling, including intercepts of 28.77 metres grading 1.83% copper from 63.63 metres with a higher-grade zone of 19.39 metres grading 2.55% copper from 63.63 metres. A JORC-compliant Inferred Mineral Resource of 10.8 million tonnes with an average grade of 0.567% Cu and 2.56 g/t Ag, was previously announced by the Company on 19th of March 2019. The Primavera Target, located some 4 km south of Andrade, was recently mapped and had its historical trenches resampled with results confirming intercepts up to 11 metres grading 1.15% copper and 25.13 g/t silver. The Company has also recently intensified the mapping, surface sampling and trenching activities, while also completing an extensive IP geophysical survey over its recently developed copper-gold targets at Carlota and Passo Feio. The interpretation of the entire dataset has generated exploration data that will allow the Company to plan further drilling testing of these targets. Collaring is based on a 3D resource model simulation where the extensions of the current high-grade zones were projected (or extruded) between non-connected sections and along section to up- and down-dip. The drilling will test the validity of such interpretation and projections. The program will be executed in approximately 100-m-spaced sections, including 1 hole per section, totaling 4 holes that should crosscut the mineralized rocks and investigate its continuity to a vertical depth of about 100 meters. The objective of the drilling at the Primavera Target is to test the extension at depth of the high-grade copper-silver zones that outcrop at surface. Drilling was located to intercept potential mineralization at a depth between 50-100 metres. Secondly, the company expects to improve the knowledge of possible structural controls in this Target. The Program will include two drill locations. The drilling program that was initiated this week is expected to be finalized by the end of February and will use one diamond drill rig. The first assays results are expected by the end of January and the final assays 15 days after the last drill hole is completed.