Minsud Resources Corp. announced the receipt of assay results from nine (9) additional drillholes, which were completed as part of the ongoing Phase IV scout drilling program at the Chita Valley Project, San Juan Province, Argentina. Forty (40) drillholes have been completed to date in the Phase IV program, encompassing a total of 28,674 metres.

Assay results have been received from drillholes CHDH23-73 through CHDH23-81, which total 6,691.2 metres. Key highlights and associated figures are provided below. Chinchillones HS Target: High-grade body with mineralization extending below 1,000m depth.

Drillhole CHDH23-73 was drilled to test the continuity of the NNE trend containing high sulphidation mineralization and strong advanced argillic alteration in the east Chinchillones area. It was drilled with an orientation of 135deg/-85deg and reached a depth of 1,141 metres. Moderate advanced argillic alteration (dickite-pyrophyllite) and cavity-fill.

The Chita Valley Project is a large exploration stage porphyry system with classic alteration features, widespread porphyry style Cu-Mo-Au and polymetallic Ag-Pb-Zn mineralization hosted by Hydrothermal Phreatic Breccias and associated gold and silver-bearing polymetallic veins of intermediate sulphide composition that formed an outcropping porphyry system at Chita and a lithocap of a porphyry system at Chinchillones. San Juan Province of Argentina has a robust mining sector and recognizes the important economic benefits of responsible development of its substantial Mineral Resource endowment. Current exploration activities on the Chita Valley Project are being funded by a subsidiary of South32 Limited ("South32") in accordance with the earn-in agreement be tween the parties entered into on November 1, 2019 and amendments.

The Company also holds the early stage La Rosita project comprising of 6,000 ha in Santa Cruz Province, Argentina.