Bocana Resources Corp. Reports on the Recent Site Visit to the Arizona Mining Claims

Executive Summary

• Bocana Resources conducted a week‑long site visit to its U.S. BLM placer mining claims in Tucson, Arizona, during which five new core samples were collected for assay analysis.
• The company met with geologists, mining consultants, BLM officials, and legal counsel to discuss permitting pathways, noting that the U.S. Department of the Interior’s draft Critical Minerals List (including silver and platinum) could streamline future permits.
• Assay results from the newly acquired samples are expected within 3‑4 weeks; positive outcomes could accelerate development plans for the Arizona project.

Key Details

• Site visit took place the week of August 24, 2025 and involved extensive on‑site geological sampling, meetings with BLM officials at the Tucson Field Office, and discussions on permitting processes.
• Five (5) core samples were drilled 10 feet deep, adjacent to previously cored intervals, and shipped to certified laboratories for analysis; results anticipated in 3–4 weeks.
• Meetings included local geologists, mining consultants, BLM officials, and attorneys experienced with similar projects, focusing on both current permitting status and potential streamlined pathways.
• The U.S. Department of the Interior has proposed adding silver and platinum to its 2025 Critical Minerals List; once finalized (after a 30‑day public comment period), expedited permitting procedures are expected to benefit Bocana’s development plans in the area.
• CEO Tim Turner stated that “the recent site visits certainly exceeded my expectations,” highlighting the intensive schedule of sampling, permitting discussions, and stakeholder engagement.
• No financing, acquisition, or definitive transaction was announced; the release is purely an operational progress update with forward‑looking statements regarding future assay results and permitting benefits.

Notable Quotes

“Almost every hour of the six‑day visit was busy with on‑site geological sampling, permitting plans, meetings with key mining consultants and lawyers, and officials at the local BLM Regional Office. Excellent core samples were acquired, packaged, and shipped to the labs for assay analysis.” – Tim Turner, CEO

Materiality Assessment: Non-Material – Positive (operational progress update without immediate financial impact).