Melbourne, Australia, Jul 28, 2021 Cohiba Minerals Limited...

Melbourne, Australia, Jul 28, 2021

Cohiba Minerals Limited (ASX:CHK) provides below an update in relation to the exploration activities carried out during the June 2021 quarter.

- IOCG experts continued with a major review of the Horse Well drill core comprising detailed mineralogical, petrological and geochemical studies to aid in refinement of future drilling hole positioning;

- A detailed review of the gravity survey data was undertaken to further aid in target selection at Horse Well;

- Cohiba awarded a $298,500 grant via the Accelerated Discovery Initiative (ADI) for additional drilling at the Pernatty C Project;

- Drill rig is being sourced to replace the rig originally secured for an drill hole at Horse Well 'wedging off HWDD04 and the drill holes at Pernatty C focusing on shallow 'Zambian Copperbelt' style mineralization while continuing to assess for IOCG potential;

- An Administration and Access Agreement was signed between Cohiba Minerals and Saltbush Ag Pty Ltd in relation to ongoing access to the Arcoona Station;

- An Environmental Compliance Report (ECR) was completed for the drilling program at Horse Well;

- An Exploration Program for Environment Protection and Rehabilitation (EPEPR) was completed for 12 new drill holes at Horse Well for up to 16,800m of drilling;

- Cohiba is robustly capitalised for coming exploration activity with a cash balance of $6.5m at 30 June 2021.

We are just step away from big boys who just delivered record results, our time is coming closer with every day.