Hispania Resources completes Lumbrales site visit

Executive Summary

• Hispania Resources Inc. has completed pre-program work at its Lumbrales asset in Spain, specifically at the Maria Tere past-producing mine, involving stakeholder meetings, infrastructure reviews, and geological sampling.
• The company has announced a confirmation drilling program at Maria Tere and simultaneous surface rehabilitation of on-site infrastructure, with activities expected to begin within the next few weeks.
• New exploration opportunities were identified south of the Maria Tere mine site, specifically related to two artisanal workings, which will be evaluated during the upcoming drilling campaign.

Key Details

• Work Completed: Management and local mining team visited the Lumbrales site in Salamanca to meet stakeholders, review existing infrastructure, and plan 2026 work plans.
• Geological Activities: Geological personnel conducted sampling and reviewed existing geological resource data. For the first time, geological investigation was carried out on two artisanal workings situated south of the Maria Tere mine site.
• Upcoming Plans:
  • Confirmation drilling program at Maria Tere.
  • Surface rehabilitation of on-site infrastructure and facilities.
  • Reviewing contracts with contractors and service providers; site activities to begin within the next few weeks.
• Historical Context (Maria Tere Mine):
  • Last produced by Minera del Duero SA until 1986.
  • Historical capacity: 400 tonnes per day for a 10-hour day.
  • Remaining resource at closure: 2.5 million tonnes at 0.25% tin grade.
  • Additional exploration target at closure: 3 million tonnes.
  • Existing infrastructure: Two shafts to approx. 150 meters, 2,272 meters of 4m x 4m galleries, and an inclined shaft of 651 meters to a depth of approx. 200 meters.
• Strategic Rationale: CEO Norman Brewster cited the excellent existing infrastructure and the upgraded price of critical minerals (tin and tungsten) as key reasons for acquiring the property and targeting additional opportunities.

Notable Quotes

• "We are pleased to have had some confirmational work completed at site and, more importantly, identified new opportunities to the south," stated Norman Brewster, chief executive officer of the company.
• "One of the key reasons for acquiring this property was the excellent infrastructure leading to and at site. With the need for critical minerals and the upgraded price of tin and tungsten, the company look at additional targets on the property," continued Mr. Brewster.