CMP Mining Inc. and Cariboo Rose Resources Ltd. report the status of ongoing exploration at the Coquigold gold silver project located 10 kilometers southwest of the community of Merritt, BC. The recognition of the potential for gold-silver mineralization at Coquigold is a function of proximity to the Shovelnose gold-silver project owned by Westhaven Gold Corp. and data published in 2008 by the BC Geological Survey.

Three known occurrences on the Property show indications of epithermal alteration; the Castillion Creek exhalative zone in the north containing 3 stacked exhalative/sinter units, the possible southern lateral extension of the Castillion Creek exhalatives/sinter zone; the XYZ zone (6 kilometers to the south) and an area of silica-altered plutonic and volcanic rock named the D zone (7 kilometers to the southeast), which was the focus of recent drilling; 274 meters in three holes (CQ22-01,102.1m, CQ22-02,145.4m and CQ22-03, 26.5m). Summary of Drill Results: CQ22-01: overburden 0-16m, hole bottom 112.1m, no significant precious metal values. CQ22-02: overburden 0-19m; strong limonite-carbonate alteration 71.0-95.0m and 142.0m-145.4m; hole bottom 145.4m, no significant precious metal value.

CMP Mining has been submitted to allow exploration of these features. Analytical work was completed by MSALabs Ltd. of Langley BC. Using a 30-gram sample with fusion and trace level AAS detection procedures for gold and 0.5-gram sample digested in a 3:1 Aqua Regia mixture and analyzed with ICP-AES procedures for base metals.

Coquigold is subject to a December 2021 option agreement with CMP Mining which may earn a 70% interest in the project by making option payments totaling $250,000 cash; issuing 200,000 common shares; paying an additional $250,000 in cash or shares and incurring $2,000,000 in exploration expenditures, over a four-year term.