Fokus Mining Corporation announced an initial mineral resource estimate (MRE) prepared by the independent firm InnovExplo Inc. This MRE have been classified in accordance with CIM Definition Standards on Mineral Resources and Mineral Reserves (CIM, 2014) and follows the CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines (CIM, 2019). The initial MRE is based on recent exploration and drilling programs, mineralization modelling and metallurgical testing from the Moriss, Hendrick and GP gold deposits. It was prepared by InnovExplo and effective as of March 21, 2023, all in the Inferred Mineral Resource category.

Over 40,000 metres of diamond drilling has been completed in the last two years. The Company now plans to prioritize infill drilling and testing potential lateral extensions and will continue to drill the recently discovered RB mineralized zone in the near term. the Company now expected to be able to release the results of the four holes drilled on the RB Zone in January shortly and will be able to provide more details on this recently discovered mineralized sector.

Fokus is also reviewing the results of the analysis of the geological study prepared by ALS-Goldspot on the entire Galloway property.