CMP Mining Inc. reported the status of exploration at the Coquigold gold silver project, located 10 kilometers southwest of the community of Merritt, BC. The Company has an option agreement with Cariboo Rose Resources Ltd. ("Cariboo") in which it may earn a 70% interest in the project over a four-year term by making a series of cash, common share, and work expenditure investments. Three known occurrences on the Property show indications of epithermal alteration; the Castillion Creek exhalative zone in the north containing 3 stacked exhalative/sinter units, the possible southern lateral extension of the Castillion Creek Exhalative/sinter zone; the XYZ zone (6 kilometers to the south) and an area of silica-altered plutonic and volcanic rock named the D zone (7 kilometers to the southeast), which was the focus of recent drilling; 274 meters in three holes (CQ22-01,102.1m, CQ22-02,145.4m and CQ22-03, 26.5m).

Summary of Drill Results: CQ22-01: overburden 0-16m, hole bottom 112.1m, no significant precious metal values. CQ22-02: overburden 0-19m; strong limonite-carbonate alteration 71.0-95.0m and 142.0m-145.4m; hole bottom 145.4m, no significant precious metal value. CQ22-03: overburden 0-3m; strong limonite- carbonate alteration 3.0-26.5m; anomalous arsenic (to 90 ppm) 4.0-16.0m, hole bottom 26.5m, no significant precious metal prices.

Simultaneous to the drilling program, which was completed by Paradigm Drilling of Kamloops, BC, between Dec. 3 and 23, 2022, an airborne survey (magnetic, radiometric and VLF-EM) was completed by Precision Geophysics of Langley BC. Of particular interest are linear features outlined by contrasting high and low magnetic intensity contours.

An exploration permit application has been submitted to allow exploration of these features. The Company is currently evaluating additional targets on the property that were developed from airborne geophysical data collected in 2022 as well as surface prospecting efforts. Analytical work was completed by MSALabs Ltd. of Langley BC.

Using a 30 gram sample with fusion and trace level AAS detection procedures for gold and 0.5 gram sample digested in a 3:1 Aqua Regia mixture and analyzed with ICP-AES procedures for base metals.