Toachi Mining Inc. announced results from on-going drilling at its La Plata gold-rich volcanogenic massive sulphide (VMS) project, located 100 kilometres southwest of Quito, Ecuador. Hole CMLP-17-93 intersected 13.91 metres (m) of massive and disseminated sulphide mineralization grading 3.51 grams per tonne (g/t) gold, 64.24 g/t silver, 0.59% copper, 4.11% zinc, and 0.85% lead from 339.43 m in the La Mina South zone of the La Mina deposit. The drill program began in August 2016 continued after the recently completed National Instrument 43-101 resource estimate, is designed to extend known mineralization within the resource area, and around the peripheries of the known mineralized corridor. Hole CMLP-17-93 was completed in the northern portion of the La Mina South block, targeting the depth extension of the known VMS mineralization on the eastern flank. Hole CMLP-17-93 was successful in extending mineralization approximately 30 m down dip, and still remains open at depth. Gold-bearing sulphide mineralization at La Plata occurs as compositional banding composed of chalcopyrite, sphalerite, and pyrite laminae with barite occurring as clasts and also as thin layers. Base and precious metal mineralization at La Plata is interpreted to have formed as part of multiple volcanic episodes that created a stacked volcanic-exhalite hydrothermal sequence which is considered favorable for hosting multiple VMS lenses. Examples of this exclusive group of gold-rich VMS camps include Rouyn-Noranda, Doyon-Bousquet-LaRonde, and the Flin Flon camps in Canada. Toachi's exploration staff has identified more than 14 discrete exploration targets across the property concessions which extend for more than 9 kilometres, attesting to the potential of this emerging district. Toachi entered into an option agreement with a private Ecuadorian company to earn between a 60% to 75% interest in the La Plata gold-copper-silver-zinc VMS project, located 100 km south of Quito, Ecuador. La Plata is a gold-rich volcanogenic massive sulphide deposit which was the subject of small scale mining from both an open pit and underground workings from 1975-1981. From 1996 to 1998, Cambior Inc., a Canadian mining company, completed 8,628 metres of drilling and a preliminary resource estimate totaling 840,000 tonnes grading 4.8 grams gold per tonne, 4.1% copper, 54.4 grams silver per tonne and 0.7% lead and 4.2% zinc per tonne in 1999, according to a report completed by AMEC Foster Wheeler, a mining consulting firm, in March 2015. Following a drill program by Cornerstone Capital Resources Inc., which included 5,933 metres of drilling from 2006-2009, a revised mineral resource estimate totaling 913,977 tonnes grading 8.01 grams gold per tonne, 88.3 grams silver per tonne, 5.01% copper, 6.71% zinc and 0.78% lead per tonne in the inferred category was completed. Toachi has not completed the work required to independently analyze and verify the results of the previous operators nor has a qualified person completed sufficient work to classify the estimates as current mineral resources or mineral reserves. With respect to the Cambior estimate, the Company is also not aware of what categories were used in the estimate. As a result, Toachi is not treating these estimates as current mineral resources or mineral reserves. The company believes these historic results provide an indication of the potential of the property and are relevant from an on-going exploration perspective.