Mercado Minerals Commences Inaugural 3,000 Metre Diamond Drill Program at Copalito

Executive Summary

• Mercado Minerals announced the launch of its inaugural 3,000‑metre diamond drill program (~25 holes) at the Copalito flagship project in Sinaloa, Mexico.
• The program will test high‑priority targets on five known veins (5 Señores, El Agua, La Chiva, El Pilar and initial testing of El Medio & Chente).
• Historical drilling data are provided to illustrate the mineralization potential of the veins that will be re‑tested and expanded.

Key Details

• Drill Program Scope: 3,000 m total depth, approximately 25 drill holes contracted to HR Drilling, S.A.S. de C.V.
• Target Areas: Segments of five known veins – 5 Señores, El Agua, La Chiva, El Pilar – with initial testing on the El Medio and Chente veins.
• Exploration Objectives:
• Evaluate structural controls on silver‑gold mineralization.
• Identify thicker vein zones, higher grades, and step‑out targets along strike and depth.
• Build on 81 historical drill holes completed by the previous operator (only ~60 % of known veins drilled to an average depth of 100 m).
• Historical Intercept Highlights (selected):
• 5 Señores – Hole BDH‑20‑004: 13.1 m @ 347 g/t Ag, 0.22 g/t Au (AgEq 343 g/t).
• 5 Señores – Hole BDH‑21‑046: 19.43 m @ 218 g/t Ag, 0.83 g/t Au (AgEq 293 g/t); includes a high‑grade sub‑interval of 0.22 m @ 3,160 g/t AgEq.
• El Agua – Hole BDH‑21‑055: 23 m @ 125 g/t Ag, 2.00 g/t Au (AgEq 283 g/t); includes a 5 m sub‑interval with 9.26 g/t Ag and 0.20 g/t Au (AgEq 727 g/t).
• El Pilar – Hole BDH‑21‑074: 5.3 m @ 18.5 g/t Ag, 1.09 g/t Au (AgEq 177 g/t); high‑grade sub‑interval of 0.9 m @ 20.1 g/t Ag, 4.01 g/t Au (AgEq 363 g/t).
• Technical Oversight: Qualified Person Kelson Willms, P.Geo., Archer, Cathro & Associates Ltd., reviewed and approved the technical information per NI 43‑101.
• CEO Statement: Daniel Rodriguez emphasized that the program will “help improve our understanding of the structural controls on silver‑gold mineralization” and guide future targeting across both known and newly identified veins.

Notable Quotes

“We are excited to be launching the next phase of exploration at Copalito with this 3,000‑metre drill program… This work will help improve our understanding of the structural controls on silver‑gold mineralization and guide future drill targeting across both known and newly identified veins.” – Daniel Rodriguez, CEO & Director

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.