Lima, September 15, 2024 – Alpha Mining S.A.C., a Peruvian company, signed a Mining Assignment and Option to Purchase Agreement with Coronel White S.A.C. on September 10, 2024.

Coronel White S.A.C. is a private Peruvian company incorporated under Peruvian law. It holds a Mining Assignment and an Option (the "Option") to acquire 100% of the rights, title, and interest in the Capricornio Project, located in Canta, Lima, Peru (the "Project").

The Capricornio Project is situated within the Oligocene-Pliocene Epithermal Belt. The Project comprises a single mining concession spanning 1,000 hectares and features a hydrothermal and geochemical alteration anomaly measuring 3 km in length and 1 km in width, divided into three sectors: West, Central, and East. A geophysical survey, including 13.5 km of Induced Polarization (IP) lines, identified significant resistivity and chargeability anomalies. In the West Sector, gold grades of up to 7.03 g/t Au and silver grades of up to 912 g/t Ag have been reported, associated with hydrothermal breccias. In the East Sector, a feeder zone of vuggy silica and granular silica has been identified, with gold grades reaching up to 7.58 g/t Au.

Under the terms of the Mining Assignment and Option to Purchase Agreement, Coronel White S.A.C. has a 10-year assignment period, during which, starting in the second year, it will pay a fixed monthly royalty. Additionally, a Net Smelter Return (NSR) will be applied upon the commencement of production. The purchase option is valid for a period of 5 years and may be executed within this timeframe.

The Board of Directors of Alpha Mining S.A.C. has expressed satisfaction with this agreement, viewing it as a key step in advancing the Project to the next stages of exploration and development. The company reaffirms its commitment to the sustainable growth of the Peruvian mining sector.