Ann: Don Enrique Project Drilling Permit Granted, page-2

ASX ANNOUNCEMENT 1st November 2023Don Enrique Copper-Silver Project Drilling Permit Granted

HIGHLIGHTS• The Don Enrique Copper-Silver Project (EVR:50%) has been issued with a licence that permits drilling on the property.

• A 2,000m diamond drill programme is planned to test a substantial IP anomaly adjacent to the lengthy outcrop sampled by EVR.

• This follows a partnership agreement with the community of Quero.EV Resources Limited (ASX:EVR) (“EVR” or the “Company”) is pleased to announce that its 50% owned subsidiary, Minera Montserrat S.A.C, has received a permit (The “Pequeno Productora Minera”) which allows the Company to proceed to a maiden diamond drilling programme.Following the granting of the permit, EVR expects to commence the drilling programme later this month, subject to the availability of a drilling rig.
The Don Enrique ProjectEVR acquired its 50% share in 2022 for a payment of US$150,000. For the payment of a further US$150,000, EVR acquired the option to purchase the remaining 50% for a payment of US$850,000 by 4th May 2024 (See ASX Announcement 9th May 2022 “EVR Revises Terms to Acquire Don Enrique Project”).

The project consists of 4 licences covering 1,800Ha, in an area 21km northeast of Jauja, and approximately 260km from the Nation’s capital, Lima:
• Don Enrique, Licence number: 0100769-12, 1000 Ha
• Chaupiloma 2007, Licence Number: 0105549-07, 100 Ha
• Chaupiloma 2008, Licence Number: 0101581-08, 100 Ha
• Cocoa Beach, Licence Number: 010155815, 600 Ha.

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