International Land Alliance, Inc. announced the completion of Phase I of construction at its Oasis Park Resort, a 497-acre master planned community, located approximately eight kilometers south of the Company’s Rancho Costa Verde development, that offers breathtaking 180-degree sea and mountain views from every home site. ILAL has already pre-sold 75 of the 1,344 planned residential lots at Oasis Park Resort. The completed Phase I development at Oasis Park Resort includes a two-mile main road from the highway to the Sea of Cortez as well as grading of the beach and marina.

Phase II development is expected to commence in January 2023 and will include clubhouse and model home construction to facilitate onsite tours and sales. With home prices starting at $99,000, the Company’s Oasis Park Resort could ultimately generate over $30 million in gross lot sales and an additional $75 million in gross construction revenue. Home construction on pre-sold lots is expected to begin in First Quarter 2023.