Ann: Step out drilling delivers further extensions at Tesorito, page-2

Latest drill hole assay results continue to expand the Tesorito South porphyry discovery and
open up areas for further drilling
▪ Drill hole TS-DH27: (uncut) delivered broad zones of gold porphyry mineralisation:
▪ 36m @ 1.01g/t Au from 116m; and
▪ 72m @ 1.00g/t Au from 188m; including 6m @ 2.05g/t Au from 254m
▪ A fourth diamond drill rig has been secured to accelerate drilling, and is anticipated to start at
Quinchia early September

Los Cerros Limited (ASX: LCL) (Los Cerros or the Company) is pleased to update the market on
recent drilling from Tesorito South, a near surface gold porphyry discovery, which is part of the
Company’s 100% owned Quinchia Gold Project in Risaralda – Colombia.
TS-DH27 was a ~120m step out drill hole designed to test the E/NE limits of mineralisation
previously encountered by holes TS-DH24, ‘25 and ‘26(1). Drillhole TS-DH27 entered porphyry suite
lithologies from 35m downhole to 333m where it entered sediments associated with the Marmato
Fault which defines the eastern edge of the area of interest. This hole and supporting data has
provided valuable information for further definition of extensions and distribution of gold
mineralisation.
1. Potential extensions to high grade, from surface, mineralisation reported in drillholes TS-
DH24 to ‘26 (all drilled from the same pad) is interpreted to extend up to 75m further E
towards pad TS-DH27 where mineralised diorite stockwork is evident at surface (see Figure
1, red dashed line). The high grade mineralisation remains open to the N and SE.
2. Deeper zones of mineralisation reported in TS-DH27 (36m @ 1.01g/t Au from 116m
(~vertically below the above mentioned diorite exposure) and 72m @ 1.00g/t Au from
188m including 6m @ 2.05g/t Au from 254m), has expanded gold envelopes to the E
which remain open (see red dashed line, Figures 1 and 2).

Los Cerros Managing Director, Jason Stirbinskis added:
“Drillhole TS-DH27, at some 120m to the E of the drillpad for TS-DH24, ’25 and ‘26, was a significant
step out that still intercepted gold porphyry mineralisation. It has given us further directions where we
might expect to see additional extensions to mineralisation”.
Next Steps
The drone based regional magnetic survey and Tesorito/Miraflores deep IP geophysics programs
are expected to conclude shortly. Fine tuning of recently defined regional targets continues.
1 See announcement 12 July 2021 (TS-DH25, ’26), 22 June 2021 (TS-DH24), 28 May 2021 (TS-DH18, ‘19 ‘22 ‘23), 19 April 2021 (TS-DH17, ‘20, ’21), 6 April
2021 (TS-DH16), 18 March 2021 (TS-DH15), 21 January 2021 (TS-DH12, ‘13 ‘14), 10 November 2020 (TS-DH10, ‘11), 10 September 2020 (TS-DH08), 9
October 2020 (TS-DH09) for assay results and 31 July 2018 and 30 August 2018 for the initial reporting of the assays for drill holes TS-DH01 to TS-DH07. The
Company confirms that it is not aware of any new information that affects the information contained in the announcements.

9 August 2021
ASX Announcement
ASX: LCL
A fourth diamond drill rig will be added to the fleet within the next month to continue testing
multiple targets within the Quinchia Gold Project.
For the purpose of ASX Listing Rule 15.5, the Board has authorised this announcement to be released.