<SEC-DOCUMENT>0001104659-25-033631.txt : 20250410
<SEC-HEADER>0001104659-25-033631.hdr.sgml : 20250410
<ACCEPTANCE-DATETIME>20250410113405
ACCESSION NUMBER:		0001104659-25-033631
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20250410
FILED AS OF DATE:		20250410
DATE AS OF CHANGE:		20250410

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FORTUNA MINING CORP.
		CENTRAL INDEX KEY:			0001341335
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35297
		FILM NUMBER:		25827298

	BUSINESS ADDRESS:	
		STREET 1:		1111 MELVILLE STREET, SUITE 820
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6E 3V6
		BUSINESS PHONE:		604-484-4085

	MAIL ADDRESS:	
		STREET 1:		1111 MELVILLE STREET, SUITE 820
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6E 3V6

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FORTUNA SILVER MINES INC
		DATE OF NAME CHANGE:	20051013
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm2512052d1_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Form 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.75in; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of <U>April 2025</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Commission File Number <U>001-35297</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Fortuna Mining Corp.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Translation of registrant&rsquo;s name into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>1111 Melville Street, Suite 820, Vancouver,
British Columbia, Canada V6E 3V6</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive office)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">FORM 20-F &nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FORM
40-F &nbsp;<FONT STYLE="font-family: Wingdings">&thorn;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1): &nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7): &nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Fortuna Mining Corp.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Registrant)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 47%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date: &nbsp;April 10, 2025</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>/s/ &nbsp;&quot;<I>Jorge Ganoza Durant</I>&quot;</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jorge Ganoza Durant</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">President and CEO</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibits:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.75in; text-align: left"><A HREF="tm2512052d1_ex99-1.htm" STYLE="-sec-extract: exhibit"><B>99.1</B></A></TD><TD STYLE="text-align: justify"><A HREF="tm2512052d1_ex99-1.htm" STYLE="-sec-extract: exhibit"><B>News release dated April 10, 2025</B></A></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm2512052d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="margin: 0; text-align: left">&nbsp;<IMG SRC="tm2512052d1_ex99-1img001.jpg" ALT=""></P>

<P STYLE="margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 0pt 0; color: #0050A0; text-align: justify">NEWS
RELEASE</P>

<P STYLE="margin: 0; text-align: left">&nbsp;</P>

<P STYLE="margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Fortuna reports solid production of 103,459
gold equivalent ounces for the first quarter of 2025</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Vancouver, April 10, 2025: Fortuna Mining
Corp. (NYSE: FSM | TSX: FVI) <FONT STYLE="font-size: 10pt; font-weight: normal">reports production results for the first quarter of 2025
from its four operating mines in West Africa and Latin America.<BR>
<BR>
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Q1 2025 highlights</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Gold production of 91,893 ounces; compared to
89,678 oz Au in Q1 2024<SUP>2</SUP> and 95,993 oz Au in Q4 2024<SUP>3</SUP></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Gold equivalent production of 103,459 ounces<SUP>1</SUP>;
compared to 112,543 Au Eq oz (GEOs) in Q1 2024<SUP>2</SUP> and 116,358 GEOs in Q4 2024<SUP>3</SUP></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The Lindero leach pad expansion project was completed
in Q1 and delivered to operations on time and within budget at a total cost of $51.8 million. The expansion provides sufficient capacity
for an additional 10 years of production.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Repurchased 916,900 common shares at an average
price of $4.53 per share for a total of $4,155,539</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Fortuna reiterates its 2025 annual production
guidance range of 334,000 to 373,000 ounces of gold and 0.9 to 1.0 million ounces of silver or between 380,000 and 422,000 GEOs, including
lead and zinc by-products (refer to <U>Fortuna news release dated January 21, 2025</U>). All amounts expressed in this news release are
in US dollars unless otherwise stated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Q1 2025 Consolidated GEO production&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 25%; padding-top: 1.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 25%; border-bottom: white 1pt solid; background-color: #4472C4; padding-top: 1.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 25%; border-bottom: white 1pt solid; background-color: #4472C4; padding-top: 1.4pt; text-align: center"><FONT STYLE="font-size: 10pt; color: white"><B>GEO Production</B></FONT></TD>
    <TD STYLE="width: 25%; border-bottom: white 1pt solid; background-color: #4472C4; padding-top: 1.4pt; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-right: white 1pt solid; background-color: #4472C4; padding-top: 1.4pt; text-align: center"><FONT STYLE="font-size: 10pt; color: white"><B>Q1 <BR>
2025</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; background-color: #4472C4; padding-top: 1.4pt; text-align: center"><FONT STYLE="font-size: 10pt; color: white"><B>Q4 <BR>
2024<SUP>4</SUP></B></FONT></TD>
    <TD STYLE="background-color: #4472C4; padding-top: 1.4pt; padding-bottom: 1.4pt">
    <P STYLE="color: white; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2025 Annual Guidance<SUP>3,5</SUP></B></P>
    <P STYLE="color: white; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(000)</B></P></TD></TR>
  <TR>
    <TD STYLE="padding-right: 45pt; white-space: nowrap; padding-top: 1.4pt; text-align: left"><FONT STYLE="font-size: 10pt; color: black">S&eacute;gu&eacute;la, C&ocirc;te d&rsquo;Ivoire</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; white-space: nowrap; padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt">38,500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt; color: black">34,556</FONT></TD>
    <TD STYLE="padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt; color: black">134 - 147</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 45pt; white-space: nowrap; padding-top: 1.4pt; text-align: left"><FONT STYLE="font-size: 10pt; color: black">Yaramoko, Burkina Faso</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; white-space: nowrap; padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt">33,073</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt; color: black">27,177</FONT></TD>
    <TD STYLE="padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt; color: black">107 - 121</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 45pt; white-space: nowrap; padding-top: 1.4pt; text-align: left"><FONT STYLE="font-size: 10pt; color: black">Lindero, Argentina</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; white-space: nowrap; padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt; color: windowtext">20,320</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt; color: black">23,262</FONT></TD>
    <TD STYLE="padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt; color: black">93 - 105</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 45pt; white-space: nowrap; padding-top: 1.4pt; text-align: left"><FONT STYLE="font-size: 10pt">San Jose, Mexico<SUP>6</SUP></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; white-space: nowrap; padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt; color: windowtext">-</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt">13,055</FONT></TD>
    <TD STYLE="padding-right: 45pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 45pt; white-space: nowrap; border-bottom: black 1pt solid; padding-top: 1.4pt; text-align: left"><FONT STYLE="font-size: 10pt; color: black">Caylloma, Peru</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; white-space: nowrap; border-bottom: black 1pt solid; padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt; color: windowtext">11,566</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt; color: black">14,493</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt; color: black">46 - 49</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 45pt; white-space: nowrap; border-bottom: black 1pt solid; padding-top: 1.4pt; text-align: left"><FONT STYLE="font-size: 10pt; color: black"><B>Total</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; white-space: nowrap; border-bottom: black 1pt solid; padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt; color: windowtext"><B>103,459</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt; color: black"><B>112,543</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 45pt; text-align: right"><FONT STYLE="font-size: 10pt; color: black"><B>380 - 422</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"><IMG SRC="tm2512052d1_ex99-1img001.jpg" ALT="">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 0.7pt"></TD><TD STYLE="width: 13.5pt">1.</TD><TD STYLE="text-align: left">GEO includes gold, silver, lead, and zinc and is calculated using the following metal prices: $2,885/oz Au,
$31.77/oz Ag, $1,971/t&nbsp;Pb and $2,841/t Zn or Au:Ag&nbsp;= 1:90.82, Au:Pb = 1:1.46, Au:Zn = 1:1.02</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 13.5pt">2.</TD><TD STYLE="text-align: left">Refer to Fortuna news release dated April 8, 2024, &ldquo;<U>Fortuna reports strong gold equivalent production
of 112,543 ounces in the first quarter of 2024</U>&rdquo;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 13.5pt">3.</TD><TD STYLE="text-align: left">Refer to Fortuna news release dated January 21, 2025, &ldquo;<U>Fortuna reports record production of 455,958
Au Eq ounces for 2024 and provides 2025 outlook.</U>&rdquo;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 13.5pt">4.</TD><TD STYLE="text-align: left">GEO includes gold, silver, lead, and zinc and is calculated using the following metal prices: $2,087/oz Au,
$23.43/oz Ag, $2,084/t Pb and $2,450/t Zn or Au:Ag = 1:89.08, Au:Pb = 1:1.00, Au:Zn = 1:0.85</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 13.5pt">5.</TD><TD STYLE="text-align: left">GEO includes gold, silver, lead, and zinc and is calculated using the following metal prices: $2,500/oz Au,
$30.0/oz Ag, $2,100/t Pb and $2,700/t Zn or Au:Ag = 1:83.30, Au:Pb = 1:1.19, Au:Zn = 1:0.93</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 13.5pt">6.</TD><TD STYLE="text-align: left">The San Jose Mine was placed on care and maintenance on December 24, 2024 as the Company decided to enter
a strategic process to divest of the non-core asset. Refer to news release dated March 12, 2025.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">West Africa Region</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">S&eacute;gu&eacute;la Mine, C&ocirc;te d&rsquo;Ivoire:
Continued strong production</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 82pt; white-space: nowrap; vertical-align: bottom; width: 50%; border-bottom: gray 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding-right: 82pt; width: 25%; border-right: gray 1pt solid; border-bottom: gray 1pt solid; background-color: #4472C4; text-align: right"><FONT STYLE="font-size: 10pt; color: white"><B>Q1 2025</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; padding-right: 82pt; width: 25%; border-bottom: gray 1pt solid; background-color: #4472C4; text-align: right"><FONT STYLE="font-size: 10pt; color: white"><B>Q4 2024</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 82pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Tonnes milled</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; white-space: nowrap; padding-right: 82pt; text-align: right"><FONT STYLE="font-size: 10pt">444,004</FONT></TD>
    <TD STYLE="padding-right: 82pt; text-align: right"><FONT STYLE="font-size: 10pt">430,117</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 82pt; white-space: nowrap; border-bottom: gray 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">Average tpd milled</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 82pt; text-align: right"><FONT STYLE="font-size: 10pt">4,933</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 82pt; text-align: right"><FONT STYLE="font-size: 10pt">4,727</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 82pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Gold grade (g/t)</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; white-space: nowrap; padding-right: 82pt; text-align: right"><FONT STYLE="font-size: 10pt">2.76</FONT></TD>
    <TD STYLE="padding-right: 82pt; text-align: right"><FONT STYLE="font-size: 10pt">2.95</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 82pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Gold recovery (%)</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; white-space: nowrap; padding-right: 82pt; text-align: right"><FONT STYLE="font-size: 10pt">93.13</FONT></TD>
    <TD STYLE="padding-right: 82pt; text-align: right"><FONT STYLE="font-size: 10pt">91.7</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 82pt; white-space: nowrap; border-bottom: gray 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">Gold production (oz)<SUP>1</SUP></FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 82pt; text-align: right"><FONT STYLE="font-size: 10pt">38,500</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 82pt; text-align: right"><FONT STYLE="font-size: 10pt">35,244</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Note:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt">1.</TD><TD STYLE="text-align: justify">Production includes dor&eacute; only</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Mining</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mine production totaled 477,333 tonnes of ore,
averaging 2.53 g/t Au, containing an estimated 38,869 ounces of gold from the Antenna, Ancien, and Koula pits. Movement of waste during
the quarter totaled 5,467,358 tonnes, for a strip ratio of 11.5:1. Mining continued to be focused on the Antenna, Koula, and Ancien Pits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Resource upgrade drilling continued successfully,
as well as permitting and project study work at the Kingfisher, and the Sunbird underground deposits with the intention of integrating
them into the life of mine plan later this year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Processing</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the first quarter of 2025, S&eacute;gu&eacute;la
produced 38,500 ounces of gold at an average head grade of 2.76&nbsp;g/t Au, a 9 percent increase and 6 percent decrease, respectively,
compared to the fourth quarter in 2024. Recoveries increased compared to the previous quarter as operational performance improved following
the rise in throughput achieved in previous quarters. Mill throughput averaged 216 t/hr for the quarter, 40 percent above name plate capacity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Yaramoko Mine, Burkina Faso: Maintaining
targeted production</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 77pt; white-space: nowrap; vertical-align: bottom; width: 50%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding-right: 77pt; border-right: gray 1pt solid; border-bottom: gray 1pt solid; width: 25%; background-color: #4472C4; text-align: right"><FONT STYLE="font-size: 10pt; color: white"><B>Q1 2025</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; padding-right: 77pt; border-bottom: gray 1pt solid; width: 25%; background-color: #4472C4; text-align: right"><FONT STYLE="font-size: 10pt; color: white"><B>Q4 2024</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 77pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Tonnes milled</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; white-space: nowrap; padding-right: 77pt; text-align: right"><FONT STYLE="font-size: 10pt">134,692</FONT></TD>
    <TD STYLE="padding-right: 77pt; text-align: right"><FONT STYLE="font-size: 10pt">102,105</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 77pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Average tpd milled</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; white-space: nowrap; padding-right: 77pt; text-align: right"><FONT STYLE="font-size: 10pt">1403</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 77pt; text-align: right"><FONT STYLE="font-size: 10pt">1,122</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 77pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Gold grade (g/t)</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; white-space: nowrap; padding-right: 77pt; text-align: right"><FONT STYLE="font-size: 10pt">7.81</FONT></TD>
    <TD STYLE="padding-right: 77pt; text-align: right"><FONT STYLE="font-size: 10pt">9.18</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 77pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Gold recovery (%)</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; white-space: nowrap; padding-right: 77pt; text-align: right"><FONT STYLE="font-size: 10pt">97.43</FONT></TD>
    <TD STYLE="padding-right: 77pt; text-align: right"><FONT STYLE="font-size: 10pt">98.16</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 77pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Gold production<SUP>1</SUP> (oz)</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; white-space: nowrap; padding-right: 77pt; text-align: right"><FONT STYLE="font-size: 10pt">33,073</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 77pt; text-align: right"><FONT STYLE="font-size: 10pt">29,576</FONT></TD></TR>
  </TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.7pt">Note:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.7pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt">1.</TD><TD STYLE="text-align: justify">Production includes dor&eacute; only</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the first quarter of 2025, 134,692 tonnes of
ore were treated at an average head grade of 7.81 g/t Au, producing 33,073 ounces of gold. This represents a 15 percent decrease in grade, and a 12 percent increase in production,
compared to the fourth quarter in 2024. Grades were lower due to planned changes in stope sequencing but were offset by higher tonnes
milled due to increased production from underground mining activities. Mining commenced at the 109 Zone open pit with ore and waste movement
exceeding planned quantities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A total of 143,771 tonnes were mined at an average
grade of 7.06 g/t Au, of which 90,625 tonnes were mined averaging 8.67 g/t Au from 55 Zone, 21,695 tonnes averaging 8.99 g/t Au from QV
Prime, and 31,452 tonnes of ore averaging 1.06 g/t Au from the 109 Zone open pit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Latin America Region</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Lindero Mine, Argentina: Leach pad expansion
completed</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 77pt; white-space: nowrap; vertical-align: bottom; width: 50%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; border-right: gray 1pt solid; border-bottom: gray 1pt solid; width: 25%; background-color: #4472C4; padding-right: 77pt; text-align: right"><FONT STYLE="font-size: 10pt; color: white"><B>Q1 2025</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; border-bottom: gray 1pt solid; width: 25%; background-color: #4472C4; padding-right: 77pt; text-align: right"><FONT STYLE="font-size: 10pt; color: white"><B>Q4 2024</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 77pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Ore placed on pad (t)</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; white-space: nowrap; padding-right: 77pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1,753,016</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 77pt; padding-left: 0.15pt; text-indent: -0.15pt; text-align: right"><FONT STYLE="font-size: 10pt">1,757,290</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 77pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Gold grade (g/t)</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; white-space: nowrap; padding-right: 77pt; text-align: right"><FONT STYLE="font-size: 10pt">0.55</FONT></TD>
    <TD STYLE="padding-right: 77pt; padding-left: 0.15pt; text-indent: -0.15pt; text-align: right"><FONT STYLE="font-size: 10pt">0.60</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 77pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Gold production<SUP>1</SUP> (oz)</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; white-space: nowrap; padding-right: 77pt; text-align: right"><FONT STYLE="font-size: 10pt">20,320</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 77pt; padding-left: 0.15pt; text-indent: -0.15pt; text-align: right"><FONT STYLE="font-size: 10pt">26,806</FONT></TD></TR>
  </TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.7pt">Note:&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.7pt"></TD><TD STYLE="width: 13.5pt">1.</TD><TD STYLE="text-align: justify">Lindero production includes dor&eacute;, gold-in-carbon, and gold in copper concentrate</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the first quarter of 2025, 1.46 million
tonnes of ore were mined, with a stripping ratio of 1.8:1 in line with the plan for the year. A total of 1.75 million tonnes of ore were
placed on the leach pad averaging 0.55 g/t Au, containing an estimated 30,943 ounces of gold. Tonnes of ore placed on the leach pad was
similar to the previous quarter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Lindero&rsquo;s gold production for the quarter
was 20,320 ounces, comprised of 18,983 ounces in dor&eacute; bars, 615 ounces contained in rich fine carbon, 39 ounces contained in copper
precipitate, and 963 ounces contained in precipitated sludge. T<FONT STYLE="color: windowtext">he 24 percent decrease in production compared
to the previous quarter is explained by the 8 percent lower ore grade placed on the pad since December 2024 and timing in the leaching
of gold from the pad. This is in line with the </FONT>planned mining sequence and expected kinetics for the period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The leach pad expansion project was completed
at the end of the first quarter, with minor close-out activities and demobilization now taking place<FONT STYLE="color: windowtext">.
This expansion will serve the mine for the next decade.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The 14.5 MWh photovoltaic plant project is approximately
76 percent complete, with earthworks and hydraulic works both finished. Installation of trackers, panels, and electric works are ongoing,
and the project remains on schedule to be completed by the third quarter of 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Caylloma Mine, Peru: Continues to outperform&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 75pt; white-space: nowrap; vertical-align: bottom; width: 50%; padding-left: 13.5pt; text-indent: -13.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; border-right: gray 1pt solid; border-bottom: gray 1pt solid; width: 25%; background-color: #4472C4; padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt; color: white"><B>Q1 2025</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; border-bottom: gray 1pt solid; width: 25%; background-color: #4472C4; padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt; color: white"><B>Q4 2024</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 75pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Tonnes milled</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; white-space: nowrap; padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">136,659</FONT></TD>
    <TD STYLE="padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">139,761</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 75pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Average tpd milled</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; white-space: nowrap; padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">1,553</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">1,553</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 75pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Silver grade (g/t)</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; white-space: nowrap; padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">67</FONT></TD>
    <TD STYLE="padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">67</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 75pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Silver recovery<SUP>1</SUP> (%)</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; white-space: nowrap; padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">83.15</FONT></TD>
    <TD STYLE="padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">83.32</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 75pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Silver production (oz)</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; white-space: nowrap; padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">242,993</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">249,238</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 75pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Lead grade (%)</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">3.21</FONT></TD>
    <TD STYLE="padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">3.36</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 75pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Lead recovery (%)</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; white-space: nowrap; padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">91.32</FONT></TD>
    <TD STYLE="padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">91.73</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 75pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Lead production (lbs)</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; white-space: nowrap; padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">8,836,127</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">9,499,719</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 75pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Zinc grade (%)</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; white-space: nowrap; padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">5.01</FONT></TD>
    <TD STYLE="padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">4.94</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 75pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Zinc recovery (%)</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; white-space: nowrap; padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">91.32</FONT></TD>
    <TD STYLE="padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">91.14</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 75pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">Zinc production (lbs)</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; white-space: nowrap; padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">13,772,278</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 75pt; text-align: right"><FONT STYLE="font-size: 10pt">13,873,690</FONT></TD></TR>
  </TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Note:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">1.</TD><TD STYLE="text-align: justify">Metallurgical recovery for silver is calculated based on silver
content in lead concentrate</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the first quarter of 2025, Caylloma produced
242,993 ounces of silver at an average head grade of 67 g/t Ag, achieving similar production to the previous quarter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Zinc and lead production was 13.8 and 8.8 million
pounds, respectively, with average head grades of 5.01 % Zn and 3.21 % Pb, consistent production when compared to the preceding quarter,
and is in line with the planned mining sequence for the period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Gold equivalent production for the first quarter
totaled 11,566 ounces.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Qualified Person </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Eric Chapman, Senior Vice President of Technical
Services of Fortuna, is a Professional Geoscientist registered with Engineers and Geoscientists British Columbia (Registration Number
36328) and a Qualified Person as defined by National Instrument 43-101- Standards of Disclosure for Mineral Projects. Mr. Chapman has
reviewed and approved the scientific and technical information contained in this news release and has verified the underlying data.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">About Fortuna
Mining Corp</FONT>.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Fortuna Mining Corp. is a Canadian precious metals
mining company with four operating mines and exploration activities in Argentina, Burkina Faso, C&ocirc;te d&rsquo;Ivoire, Mexico and
Peru, as well as the Diamba Sud Gold Project located in Senegal. Sustainability is integral to all our operations and relationships. We
produce gold and silver and generate shared value over the long-term for our stakeholders through efficient production, environmental
protection, and social responsibility. For more information, please visit our <U>website</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">ON BEHALF OF THE BOARD</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Jorge A. Ganoza </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">President, CEO, and Director</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Fortuna Mining Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investor Relations:</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Carlos Baca</B> | <FONT STYLE="color: black"><U>info@fmcmail.com</U></FONT>
| <FONT STYLE="color: black"><U>fortunamining.com</U></FONT> | <FONT STYLE="color: black"><U>X</U></FONT> | <FONT STYLE="color: black"><U>LinkedIn</U></FONT>
| <FONT STYLE="color: black"><U>YouTube</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Forward-looking Statements</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>This news release contains forward-looking
statements which constitute &ldquo;forward-looking information&rdquo; within the meaning of applicable Canadian securities legislation
and &ldquo;forward-looking statements&rdquo; within the meaning of the &ldquo;safe harbor&rdquo; provisions of the Private Securities
Litigation Reform Act of 1995 (collectively, &ldquo;Forward-looking Statements&rdquo;). All statements included herein, other than statements
of historical fact, are Forward-looking Statements and are subject to a variety of known and unknown risks and uncertainties which could
cause actual events or results to differ materially from those reflected in the Forward-looking Statements. The Forward-looking Statements
in this news release may include, without limitation, statements about the Company&rsquo;s plans for its mines and mineral properties;
changes in general economic conditions and financial markets; the impact of inflationary pressures on the Company&rsquo;s business and
operations; statements reiterating the Company&rsquo;s 2025 annual production guidance and the likelihood of the Company meeting such
annual production guidance; the Company&rsquo;s expectations regarding integrating the Kingfisher and Sunbird underground deposits into
the S&eacute;gu&eacute;la life of mine plan; the expected timing for the completion of the photovoltaic plant project at the Lindero Mine;
statements that the leach pad expansion project will serve the Lindero Mine for the next decade; the Company&rsquo;s business strategy,
plans and outlook; the merit of the Company&rsquo;s mines and mineral properties; the future financial or operating performance of the
Company; the Company&rsquo;s ability to comply with contractual and permitting or other regulatory requirements; approvals and other matters.
Often, but not always, these Forward-looking Statements can be identified by the use of words such as &ldquo;estimated&rdquo;, &ldquo;potential&rdquo;,
 &ldquo;open&rdquo;, &ldquo;future&rdquo;, &ldquo;assumed&rdquo;, &ldquo;projected&rdquo;, &ldquo;used&rdquo;, &ldquo;detailed&rdquo;,
 &ldquo;has been&rdquo;, &ldquo;gain&rdquo;, &ldquo;planned&rdquo;, &ldquo;reflecting&rdquo;, &ldquo;will&rdquo;, &ldquo;anticipated&rdquo;,
 &ldquo;estimated&rdquo;, &ldquo;containing&rdquo;, &ldquo;remaining&rdquo;, &ldquo;to be&rdquo;, or statements that events, &ldquo;could&rdquo;
or &ldquo;should&rdquo; occur or be achieved and similar expressions, including negative variations. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Forward-looking Statements involve known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially
different from any results, performance or achievements expressed or implied by the Forward-looking Statements. Such uncertainties and
factors include, among others, operational risks associated with mining and mineral processing; uncertainty relating to Mineral Resource
and Mineral Reserve estimates; uncertainty relating to capital and operating costs, production schedules and economic returns; risks relating
to the Company&rsquo;s ability to replace its Mineral Reserves; risks associated with mineral exploration and project development; uncertainty
relating to the repatriation of funds as a result of currency controls; environmental matters including obtaining or renewing environmental
permits and potential liability claims; uncertainty relating to nature and climate conditions; laws and regulations regarding the protection
of the environment (including greenhouse gas emission reduction and other decarbonization requirements and the uncertainty surrounding
the interpretation of omnibus Bill C-59 and the related amendments to the Competition Act (Canada) risks associated with political instability
and changes to the regulations governing the Company&rsquo;s business operations; changes in national and local government legislation,
taxation, controls, regulations and political or economic developments in countries in which the Company does or may carry on business;
risks associated with war, hostilities or other conflicts, such as the Ukrainian &ndash; Russian conflict and the Israel &ndash; Hamas
war, and the impacts such conflicts may have on global economic activity; risks relating to the termination of the Company&rsquo;s mining
concessions in certain circumstances; developing and maintaining relationships with local communities and stakeholders; risks associated
with losing control of public perception as a result of social media and other web-based applications; potential opposition to the Company&rsquo;s
exploration, development and operational activities; risks related to the Company&rsquo;s ability to obtain adequate financing for planned
exploration and development activities; property title matters; risks relating to the integration of businesses and assets acquired by
the Company; impairments; risks associated with climate change legislation; reliance on key personnel; adequacy of insurance coverage;
operational safety and security risks; legal proceedings and potential legal proceedings; uncertainties relating to general economic conditions;
risks relating to a global pandemic, which could impact the Company&rsquo;s business, operations, financial condition and share price;
competition; fluctuations in metal prices; risks associated with entering into commodity forward and option contracts for base metals
production; fluctuations in currency exchange rates and interest rates; tax audits and reassessments; risks related to hedging; uncertainty
relating to concentrate treatment charges and transportation costs; sufficiency of monies allotted by the Company for land reclamation;
risks associated with dependence upon information technology systems, which are subject to disruption, damage, failure and risks with
implementation and integration; risks associated with climate change legislation; labor relations issues; as well as those factors discussed
under &ldquo;Risk Factors&rdquo; in the Company's Annual Information Form. Although the Company has attempted to identify important factors
that could cause actual actions, events or results to differ materially from those described in Forward-looking Statements, there may
be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Forward-looking Statements contained herein
are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to the accuracy of the Company&rsquo;s
current Mineral Resource and Mineral Reserve estimates; that the Company&rsquo;s activities will be conducted in accordance with the Company&rsquo;s
public statements and stated goals; that there will be no material adverse change affecting the Company, its properties or its production
estimates (which assume accuracy of projected head grade, mining rates, recovery timing, and recovery rate estimates and may be impacted
by unscheduled maintenance, labor and contractor availability and other operating or technical difficulties); the duration and effect
of global and local inflation; geo-political uncertainties on the Company&rsquo;s production, workforce, business, operations and financial
condition; the expected trends in mineral prices, inflation and currency exchange rates; that all required approvals and permits will
be obtained for the Company&rsquo;s business and operations on acceptable terms; that there will be no significant disruptions affecting
the Company's operations and such other assumptions as set out herein. Forward-looking Statements are made as of the date hereof and the
Company disclaims any obligation to update any Forward-looking Statements, whether as a result of new information, future events or results
or otherwise, except as required by law. There can be no assurance that these Forward-looking Statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not
place undue reliance on Forward-looking Statements.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Cautionary Note to United States Investors
Concerning Estimates of Reserves and Resources</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Reserve and resource estimates included in
this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (&quot;NI
43-101&quot;) and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and Mineral Reserves.
NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for public disclosure by a Canadian
company of scientific and technical information concerning mineral projects. Unless otherwise indicated, all mineral reserve and mineral
resource estimates contained in the technical disclosure have been prepared in accordance with NI 43-101 and the Canadian Institute of
Mining, Metallurgy and Petroleum Definition Standards on Mineral Resources and Reserves.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Canadian standards, including NI 43-101, differ
significantly from the requirements of the Securities and Exchange Commission, and mineral reserve and resource information included in
this news release may not be comparable to similar information disclosed by U.S. companies.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>All dollar amounts in this news release are
expressed in United States dollars.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
