ExGen Resources Inc. provided an update in respect of Phoenix Copper Ltd.’s exploration and development activities at the Empire Mine Project in Idaho, USA. ExGen reported that Phoenix, (the operator of the Empire Mine Project), has provided analytical results from three exploration holes drilled at the Empire Mine in Idaho, USA (‘Empire’), and provided a status update on the Empire Mine open pit project. The following program highlights were provided by Phoenix: Three exploratory drill holes into an area of the Empire Mine open pit not previously drilled all encountered further oxide mineralisation, including: 18.3 metres (‘m’) of 0.61% copper, and 12.8 grammes/tonne (‘g/t’) silver from surface including 4.6 m of 0.86% copper, 15.5 g/t silver, and 1.02% zinc from 9.1 m. The Empire Mine Oxide Open Pit feasibility study remains in progress and on schedule for completion in early Second Quarter 2022 and will include an update of the resources; The Empire Mine Oxide Open Pit operating plan was presented to the community of Mackay, Idaho during a Town Hall meeting on 1 December 2021.Receipt of analyses from Empire step-out drill holes KX21-01 to KX21-03, and from three condemnation drill holes. These drill holes were completed using a reverse-circulation drill rig that was available for a short period while the core drilling rig was busy completing an oriented coring program for the feasibility-level slope stability studies. The three (3) exploratory holes were drilled on the south end of the Empire oxide copper deposit in an area that had no previous drilling but surface indications suggesting it to be prospective. Copper, silver, and zinc mineralization was intercepted in all three of the holes KX21-01 – KX21-03 (Table 1, below), including grades in excess of the average grade used in the preliminary economic model. KX21-02 was of significant interest, with an average oxide copper grade of 0.61% from the surface down 18.3 m, and including 4.6 m of 0.86% copper. This mineralized zone appears contiguous with the main Empire Oxide orebody but has not yet been included in the resource. KX21-01 encountered a shorter interval of 1.5 m of zinc mineralization grading 1.56% at 47.2 m depth, and KX21-03 encountered a 1.5 m interval of 1.46% copper at a depth of 29.0 m. Phoenix is assessing the results in light of additional drilling in the future, as well as inclusion in the next resource update in early Second Quarter 2022. Analytical data from the condemnation drilling was as expected with no significant mineralized intercepts. The 2021 geotechnical oriented core drilling program was also successful in providing data for slope stability calculations to be used in the feasibility study. Phoenix confirmed that the feasibility study for the Empire open pit project remains on track for completion in early Second Quarter 2022. Phoenix held its first Town Hall community meeting in Mackay on 1 December, as part of its ESG and Sustainability Program’s community liaison process. More than 135 citizens attended the meeting, wherein the Phoenix team presented a description of the proposed operating plan and then fielded questions and comments from the attendees. The questions and comments from the community included, but were not limited to, transportation and supply routes, mine staffing and staff housing, and economic community benefits. The information gathered will be invaluable in the future operating design.