Questcorp Mining and Riverside Resources Consolidate Key Mineral Concessions for the La Union Project in Sonora, Mexico

Executive Summary

• Questcorp Mining completed the acquisition of three key mineral concessions (La Famosa, Dana 7, and Dana 7) in the La Union Project, Sonora, Mexico, by paying a final US$125,000 and securing full title transfer.
• Total consideration for the transaction was US$175,000 with no net smelter royalty or other royalties attached, strengthening Questcorp’s district‑scale land position ahead of its spring 2026 exploration program.
• The consolidated concessions provide clear, long‑term titles (valid through 2044–2053) and support ongoing exploration targeting carbonate replacement deposit (CRD) style gold‑silver‑polymetallic mineralization.

Key Details

• Concessions Acquired: La Famosa (title 199006), Dana 7 (titles 220840 & 220841).
• Title Transfer: From Pacific Comox S.A. de C.V. to Riverside Resources Inc.’s Mexican subsidiary, RRM Exploración S.A.P.I. de C.V.
• Final Payment: US$125,000 paid to exercise purchase option under the August 2021 exploration agreement.
• Total Consideration: US$175,000 (includes prior payments).
• Royalty Structure: No net smelter royalty (NSR) or other royalties attached to the acquisition.
• Title Validity: La Famosa – 1994‑2044; Dana 7 – 2003‑2053.
• Strategic Impact: Enhances Questcorp’s control of the southern portion of the La Union district, providing flexibility for the spring 2026 exploration program and future development evaluation.
• Exploration Focus: Targets CRD‑style and structurally controlled gold‑silver‑polymetallic mineralization within dolomite and quartzite units.
• Qualified Person Review: Technical content reviewed and approved by R. Tim Henneberry, P.Geo (BC), Director & Qualified Person under NI 43‑101.

Notable Quotes

“We are pleased to complete the consolidation of the Famosa area within the Union Project, securing full ownership with no royalty burden for the transaction on these key concessions,” – John-Mark Staude, President and CEO, Riverside Resources Inc.

“Securing these concessions with no royalty burden enhances the project's long‑term potential and provides greater flexibility as we advance exploration alongside our partner Riverside.” – Saf Dhillon, President & CEO, Questcorp Mining.