Ronin Resources Limited provided the following Permitting Update. Vetas Project's tenure consists of a Mining Contract (Contrato de Concesión) and Mining Contract Applications (Propuesta de Contrato de Concesión). Commercial mining operations are permitted on Mining Contracts with an approved mine plan (PTO) and environmental license (PMA).

The Company continues to work towards the near-term submission of an accompanying environmental license application (PMA). The Company also reaffirms its commitment to a maiden diamond drilling campaign, designed to validate the presence, continuity and correlation of coal seams, and allow the sampling of all seams at depth, when circumstances allow, and retains a local presence alongside its selected drilling contractor. The Company continues to review opportunities across various commodities including lithium, copper and will keep the market informed as its business development efforts progress.