Ms. Marcy Kiesman reports

DURANGO VISITS MAYNER'S FORTUNE

Further to the news of May 23, 2023, Durango Resources Inc. has completed a site visit to the Mayner's Fortune limestone property located near Terrace, B.C.

Durango's Mayner's Fortune property is 7.5 kilometres south of the Terrace airport with an area of interest consisting of a two-kilometre-thick metasedimentary sequence hosting at least six subparallel north-to-northeast-striking limestone (with minor marble) units. The first limestone unit has historical inferred reserves of 454,000 tonnes grading 96.3 per cent calcium carbonate, which is a non National Instrument 43-101 compliant resource and has not been verified by the company. Representative samples taken from exposed outcrop have returned calcium carbonate levels of up to 99.9 per cent at surface.

The limestone area is easily accessible and can be driven to by logging roads and has been mapped and measured at 1.6 kilometres long at surface. Previous reports have indicated that limestone units 1 and 3 are of high quality and size, but, due to the ease in accessibility and the grand size, Durango is interested to see if the fifth limestone unit is high quality at depth. A small crew visited the site in July to evaluate road access and drill hole locations and has collected grab samples for assay analysis to determine material compatibility.

The company has been advised that it does not have bulk-tonnage production authorization until it has received its licence of occupation from lands and completed the level of production consultation with first nations, which may be acted upon once the quality and quantity of limestone have been determined from test drilling.

Global growth of limestone market

In 2022, the global limestone market size was valued at $72-billion (U.S.) with the expectation to grow at a compound annual growth rate (CAGR) of 7.3 per cent for the next seven years. The use of limestone for water treatment and purification activities is one of the forces driving the demand of limestone in coming years.

Note: The historical reports have not been verified by the company and therefore should not be relied upon. The technical contents of this press release were approved by Melanie Mackay, PGeo, professional geologist, an independent qualified person as defined by NI 43-101.

About Durango Resources Inc.

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The company is positioned for discovery with a 100-per-cent interest in a strategically located group of properties in the Windfall Lake and Troilus gold camps in the Abitibi region of Quebec, Canada.

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