Magnum Mining & Exploration Ltd. has been discovered on its Buena Vista Green Pig Iron Project ground in Nevada, USA. The discovery is the first non-iron mineralisation identified on the property. During a Board and Executive visit to the site in November 2022, a limited scope stream sediment survey was undertaken over a wide area of the claims Magnum holds.

The samples were collected as a first pass assessment to assist in planning a comprehensive multi- commodity testing of the ground. Interpretation of the recently completed high resolution aeromagnetic survey is identifying non-iron targets that may be prospective for precious, rare earth, and base metals. While that interpretation is ongoing the recent site visit afforded an opportunity for early sampling.

It has been noted that past workers have not undertook exploration for commodities other than iron ore in the area. This is in spite of gold and silver, (eg, Coeur Rochester Mine) occurring on the same mountain belt as Buena Vista and within 40 km of the property. Ten stream sediment samples and three rock chip samples were collected during the field trip.

Assays for the stream sediment samples have now been received from ALS Laboratories. LITHIUM ASSOCIATED WITH DEEP SEATED FAULTS Sample 2211006 has returned an assay of 74.3ppm Lithium. A second sample, 221009 is also anomalous at 41.1 ppm Li.

These are well above the background lithium 13.1 to 24.9 ppm Li which is taken as the local background value. Both samples are closely associated with major north- west trending faults that bisect the Buena Vista magnetite deposit. The deposit is intruded by a number of dykes and it is speculated that pegmatite dykes also occur in the area.

Pegmatite dykes are the dominant source of lithium in Australia but far less common in the USA. Rhyolites are a more common source of lithium in the western USA. Buena Vista occurs within a volcanic package that includes this lithology, though none has been mapped in the mine area.

However, this style will also be explored for.