Los Cerros Limited announced that an extensive Quinchia Gold Project generation program referenced in its ASX announcement of 11 May 2021 has to date generated eight additional porphyry and epithermal gold targets. To manage the follow up program of the priority targets, the Colombian geological team has been expanded and both geophysical and surface geochemical programs are underway. Of the targets included in the program, three established targets were drill tested by previous explorer TSX-V listed Seafield Resources Ltd. (Seafield) prior to that company entering administration and delisting. Other targets remain undrilled and most of these are yet to be field checked. All of the targets are located either within parallel N-S trending faults, such as the Marmato Fault Corridor, and/or along NW trending structures, interpreted as the principal regional structural controls for major gold-copper deposits along the mid-Cauca belt of Colombia. The new field program is in addition to the established, early-stage program focussed on the recently defined Tesorito West and on another possible porphyry further west that is potentially the source of the Miraflores breccia pipe ore body. The Company's updated, robust project line demonstrates the significant potential for further discoveries in the Quinchia and Andes Projects. Geophysical Programs: A recently commenced, drone magnetic survey has been extended further north to capture additional targets: Mira Cielo: a porphyry/epithermal target where both the eastern and western defining faults of the Marmato Fault Corridor merge and several NW cross-cutting lineaments/faults are noted, creating prime structural conditions for an accumulation of mineralization. The area has not been mapped or soil sampled but two, yet to be followed-up, stream sediment samples returned elevated gold values; Yarumal: located 1.5km NW of the Company's Dosquebradas deposit with Inferred Resource of 459,000 ozs gold and 2.5km N of Batero Gold's La Cumbre gold deposit, which holds a significant NI43-101 compliant resource. The Yarumal porphyry target comprises a 500m x 500m circular magnetic anomaly with sparse surface data, however regional Mo/Mn ratios in soil geochemical data from south of this area vector towards Yarumal as an area of interest; Naranjal: comprises a 900m x 200m NW trending gold in soil anomaly located NE of the Santa Sofia target and modelled to sit on N-S faults that host both Santa Sofia and Dosquebradas. A NW lineament is also modelled to cross this area, raising its status as a porphyry zone of interest. Magnetic surveys are a long established tool in the search for porphyry gold-copper deposits by highlighting proximity to cores of porphyry systems. Currently the company has limited coverage and access to conventional ground and air magnetic survey data over the Quinchia Gold Project. Drone based magnetic surveys are a relatively new technology and perfectly suited to the terrain of the Andes Cordillera. Conventional ground based surveys, with challenging access, are slow and therefore relatively costly whilst air-borne data is of lower resolution, a problem compounded by irregular topography and cover. The drone survey will be the first time that the majority of the Quinchia Project will be tested with high resolution magnetic surveying with the data being available for complex processing and interpretation. It is expected that the survey will assist porphyry targeting and contribute to the understanding of regional structural controls to the mineralization. To complement the drone magnetic survey, Los Cerros will shortly commence a deep penetrating IP program broadly between the established Tesorito South porphyry discovery and the Miraflores breccia pipe gold deposit. The possibility of additional (nested) mineralized porphyries occurring in this area was given a significant boost by the interception of porphyry suite lithologies at depth in drillhole TS-DH161 and TS-DH242 which confirmed the Tesorito West porphyry target. It is also expected that the IP survey will provide guidance for further drill testing of the Tesorito North porphyry target, the Miraflores breccia pipe and surrounding region. Surface program in search of Tesorito repeats: As the Company develops its understanding of local structural controls on mineralization, it is becoming clear that the Marmato Fault Corridor has significant potential for additional discoveries. A field program comprising systematic soil sampling, mapping and more detailed assessments such as channel sampling has commenced. Targets within this program include: Ceibal East: Located 700m SSW of Tesorito South, Ceibal East occurs in a region of anomalous gold in soils and discrete magnetic anomalies, and is also coincidental with a bend/jog along the eastern defining fault of the Marmato Fault Corridor. Ceibal East appears to sit in the same NW trending fault zone that crosses the Ceibal target (coincidental with a bend/jog along the western defining fault of the Marmato Fault Corridor), where the Company is currently drilling, drawing further analogies to the string of porphyry targets along the Marmato Fault Corridor defined by Tesorito South, Tesorito West and Miraflores. Los Medios: the area to the immediate north of Tesorito North within the Marmato Fault Corridor has never been systematically mapped despite the observation of several NW crossing lineaments. The potential for a repeat of Tesorito gold porphyry mineralization in this area is considered high. This program will also extend directly eastward to further explore anomalous gold in soils at Los Medios East coincident with a major bend/jog of a N-S structure.