Mr. Marcy Kiesman reports

DURANGO PROVIDES DISCOVERY PROPERTY UPDATE

After further review of the 2022 drilling and field mapping program at Durango Resources Inc.'s wholly owned Discovery property, the pegmatite dikes show promising lithium potential.

The Discovery property adjoins Sayona Mining Ltd. in the highly prospective James Bay Territory, 100 kilometres (km) north of Chibougamau, Que., in the Frotet-Evans greenstone belt. In the summer of 2022, Durango announced the completion of a 1,737-metre exploration drill campaign in an area with known surface gold anomalies on the Discovery property. The program was designed to test for the source of the surface gold anomalies which assayed up to 14 grams per tonne (g/t) gold (Au).

Six drill test holes were conducted in a small area where the surface gold was encountered and the assays returned elevated lithium, rubidium and cesium in each of the drill holes. A total of 225 metres spanning all six drill holes (18, 28, 89, 19, 24 and 47 metres in holes DE-22-01 to DE-22-06 respectively) contained lithium values over 100 parts per million (ppm) which also coincided with rubidium and cesium anomalies. Average lithium, rubidium and cesium values over this length were 185 ppm, 250 ppm and 57 ppm, respectively. The maximum values were 859 ppm lithium, 3,830 ppm rubidium and 436 ppm cesium. An average total of rare earths for this interval was 94 ppm with a maximum of 806 ppm. The highest values were found to be present in metasomatic halos around pegmatite dikes. This is a known phenomenon that can occur in LCT (lithium, cesium and tantalum) pegmatites where there is an early expulsion of an aqueous fluid from the dike during emplacement (Errandonea-Martin et al., 2022).

Elevated copper and zinc were also present in three holes, reaching up to 2,100 ppm copper and up to 4,740 ppm zinc (see news release dated March 31, 2023).

In 2023, the fires prevented much of the planned exploration at the Discovery property, but the fires were successful in exposing additional outcrops on the property.

Ten pegmatite dikes were mapped at surface in 2022 over a relatively small area of the property with lengths ranging from a few metres to 55 metres in length. Four additional pegmatite dikes were mapped in 2023 on a brief field visit to assess the extent of the summer fires. None of these dikes have been tested at depth and the newly exposed pegmatite outcrops are located over a kilometre away from the previously known dikes.

Marcy Kiesman, chief executive officer of Durango, stated: "We are pleased to report these additional pegmatite outcrops as it speaks to the potential size and scalability of the Discovery property. It is clear that the Discovery property warrants further investigation and that the inclusion of critical and rare earth elements is essential. With the newly exposed rock from the 2023 fires, the Discovery property will benefit from additional mapping as soon as the weather permits."

The company is investigating its options on the best way to move the project forward and additional updates will be announced as soon as they become available on the exploration program. The exploration team has recommended additional mapping and follow-up drilling for 2024.

Melanie Mackay, PGeo, is the qualified person for Durango and approves the technical content of this news release.

About Durango Resources Inc.

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The company is also 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.

We seek Safe Harbor.