Tincorp Metals Inc. announced that it has received the assay results for holes DPOV0002, DPOV0003, DPOV0004 and DPOV0006 from its Porvenir tinzinc-silver (Sn-Zn-Ag) Project (the "Project"). Tincorp completed seven drill holes totaling 2,545 m for its 2023 drill campaign at the Project. These four holes and the previously reported DPOV0001 were drilled to test the depth and lateral extension of the NNW-trending Condor NASA structure (NWV1) and the NS-trending mineralized structures (NSV1 and NSV2, Fig.

1). The assay results are highlighted by a 21.20 m intercept grading 334 g/t silver equivalent (AgEq) (0.65% Sn, 1.97% Zn, 4 g/t Ag and 0.10% Cu) in hole DPOV0006, which includes 828 g/t AgEq (1.71% Sn, 4.21% Zn, 7 g/t Ag and 0.,16% Cu) over 6.13 m. This represents the mineralization of the NNW-t trending Condor NASA structure. Figure 3 illustrates a high-grade section of DPOV0006.

In addition to the results of DPOV0006, the composite assay results are shown in Table 1 below: Composite assay results for hole DPOV0003, DPov0004 and DPOV000 6. Hole ID, From m, Length m, Sn %, Ag g/t, Pb %, Zn %, Cu %, AgEq g/t, Vein, DPOV0006.DPOV0002, DPOV000 3 and DPOV0004 have intercepted multiple NS-trending mineralizing structures (NSV1 andNSV2) which has opened up new drilling targets to be tested in future drill programs at the Project. "We are thrilled by the outstanding assay results from recent drill campaign at the Porvenir Project. An independent mineral resource estimate update in respect of the Skukum Gold Project was completed in October 2022.

The opinions, assumptions, factors and estimates which may prove to be incorrect, include, but are not limited to: whether the Company will acquire up to a 100% interest of the Porvenir Project; market fundamentals will result in sustained precious metals demand and prices; that there are no significant disruptions affecting operations, including labour disruptions, supply disruptions, power disruptions, security disruptions, damage to or loss of equipment, whether due to flooding, political changes, title issues, intervention by local landowners, environmental concerns, pandemics (including COVID-19) or otherwise; that the Company will acquire a 100% interest of the porvenir Project.