FITZROY MINERALS INC. provided an exploration update on its copper and goldcoppersilver projects portfolio in Chile. Highlights: Rock chip samples from newly mapped veins at the Polimet GoldCopperSilver Project, Chile ("Polimet"), returned: 11. 51 g/t Au and 0. 93% Cu, 3. 40 g/t Au and 2. 65% Cu, and 3. 38 g/t Au and 1. 65% Cu.

IP and ground magnetic geophysical surveys underway at Polimet to assist with final drilltargeting. Logistics preparation for drilling is underway at the Caballos Copper Project, Chile ("Caballos") and at Polimet. At Polimet, rock chip sampling returned grades up to 11.

51 g/t Au and 6. 10% Cu. Mapping continues to discover new vein outcrops and an ongoing soil geochemistry survey continues to expand existing, and find new, soil anomalies. Inducedpolarisation ("IP") geophysical and ground magnetic surveys are underway, ahead of the planned drilling program.

At Caballos, additional mapping and sampling have expanded the polymetallic vein zone in the western area of the concessions. Rock chip samples returned grades up to 14. 68 g/t Au and 14.

78% Pb. A mineralised felsic intrusion, emplaced along the Pocuro Fault Zone ("PFZ"), is the main target and is associated with a 1. 1 kmlong rock chip geochemistry anomaly in the southern part of the concessions. A scout drilling program will start imminently.

The Taquetren Gold Project, Argentina and related exploration programs are under review.