Discovery Metals Corp. outlined its 2021 work program and budget for its Cordero project ("Cordero" or "the Project") located in Chihuahua State, Mexico. The company plan on completing 66,000 m of drilling in 2021 based on four drill rigs operating throughout the year. This program and the number of drill rigs may be expanded when the Company is confident that the health and safety risks related to COVID-19 can be managed effectively. Further details on the allocation of 2021 drill metres are provided in the table below. Based on the excellent results from drilling in the South Corridor, Phase 1 drill program has been expanded by 10,000 m to 65,000 m. Phase 1 drill program will be completed in second quarter 2021 and will be immediately followed by Phase 2 drill program. The total amount and allocation of drill metres in Phase 2 drill program is still to be determined and will be based on a detailed review this quarter of all drill results to date. The company ended 2020 with a cash balance of approximately $82 million and no debt. planned work program at Cordero in 2021 is budgeted at $26 million. Expenditures for the year reflect an accelerated approach to de-risking the Project while still allocating growth capital to resource expansion and property-wide exploration. The company have a significant cash balance beyond proposed 2021 budget spend that will allow us to expand work program, if feasible within COVID-19 constraints, as well as to rapidly advance the Project to a construction decision beyond 2021. Phase 1 drilling of the high-grade vein trends that transect the deposit has focused on testing the limits and continuity of the vein trends and has yielded highly encouraging results. In Phase 2, the focus of vein drilling will transition to resource definition with the objective of publishing an initial resource estimate of the high-grade veins in 2022. Phase 2 drill program ­ a key focus of Phase 2 drill program will be on upgrading any inferred mineral resources within the PEA mine plan to allow the inclusion of these ounces in the PFS mine plan. This infill drilling is expected to commence in Third Quarter 2021 following a review of all Phase 1 data. Gap analysis ­ as part of PEA the company will be completing a gap analysis for metallurgy, processing, geotech and hydrology to identify the data gaps required to advance the project to a PFS level. This analysis will allow us, where appropriate, to commence PFS level work for these items in 2H 2021 in order to accelerate the delivery of a PFS for Cordero. Target generation ­ the company have strengthened exploration team in Mexico in order to rapidly advance a detailed field mapping and sampling program on property-wide targets in 2021. Reconnaissance drilling ­ initial drill testing of property-wide targets is expected to commence in the Fourth Quarter 2021 following the completion of field work on high priority targets.