Mr. Fernando Ganoza reports

THE GOVERNMENT OF ECUADOR APPROVES ATICO'S CONCESSION EXTENSION UNTIL 2049

The Ministry of Energy and Mines of Ecuador, through the central co-ordination zone, has authorized the extension period for Atico Mining Corp.'s La Plata mining concession.

This new period of validity for the concession is extended until 2049. This time frame will allow for the advancement of engineering activities, construction, operation and closure of mining operations within the concession, as well as allowing the integration of any future exploration success within the mining concession that could potentially add to the currently estimated resources.

The new term of the concession will begin from the date of registration in the mining registry under the Agency for Regulation and Control of Energy and Non-Renewable Natural Resources. This decision by the government of Ecuador creates better conditions to continue the investment plans in La Plata. In a favourable scenario where additional time is needed, in 2048, the company can apply for another 25-year extension.

The project is in its last stage of environmental licensing and the company is looking forward to completing this milestone within the coming months.

About Atico Mining Corp.

Atico is a growth-oriented company, focused on exploring, developing and mining copper and gold projects in Latin America. The company generates significant cash flow through the operation of the El Roble mine and is developing its high-grade La Plata volcanogenic massive sulphide project in Ecuador. The company is also pursuing additional acquisition of advanced-stage opportunities.

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