Latin Metals granted to Barrick the option to earn-up to an 85% interest in the Property (the "Option"), Barrick has provided notice to Latin Metals of their intention to relinquish the Option and terminate the Agreement, effective January 25, 2024. Since entering into the Agreement, Barrick has paid $513,000 to the underlying owner of the Property, $259,000 to Latin Metals, and incurred exploration expenditures of $1,848,000 on the Property, for a total investment of $2,620,000.