1st drill hole 8 metres of tin < 30m surface

Azul Tin Project’s (“Azul”) first hole TAD-001 completed to a depth of 37m and successfully opening Avenues ~1,000 maiden drill programme

Handheld XRF1 confirms the presence of coarse grained visible Tin (Figure. 2) mineralisation (Cassiterite2) as recorded in geological logging

Drilling confirms the existence of very near surface mineralisation reported in historical drilling3 records (Figure. 4)

Tin hosted in an ~18m shear zone within the granite with
mineralisation recorded over ~8m

Presence of coarse grained tin mineralisation represents a highly desirable feature pertaining to simple metallurgy and probable high process recoveries

Hole TAD-002 has since been collared on the same section as
TAD 001 – target depth of 30m anticipated to be reached within the coming days

Sample preparation and dispatch of TD-001 drill core is well
advanced, aiming for assay and return of early results in coming weeks

An Exploration Target4 of between 2 and 5 million tonnes at
between 0.8 and 1.2% Tin for 24,000 to 60,000 tonnes of Tin metal has been estimated

Target now enhanced by confirmation of the shallow nature of the tin mineralisation, facilitates any future development plans with potential for simpler/cheaper open-pit mining