An anonymous director reports

NEWLOX GOLD TAKES A BOLD LEAP TOWARDS SUSTAINABLE GOLD MINING IN ANTIOQUIA, COLOMBIA

Newlox Gold Ventures Corp. has made a strategic investment of $100,000 (U.S.) in its Antioquia community Coexistence gold project. Engineering and permitting work is currently under way at the project, with the company's efforts being directed at obtaining all necessary permits for the project to facilitate the start of construction in 2024.

Newlox Gold's Coexistence project in San Roque, department of Antioquia, Colombia, is a planned 1,000-tonne-per-day toll milling gold operation that will provide local small miners access to modern mineral processing options. The company will benefit from an exclusive processing mandate for all ore mined by local Colombian miners from the high-grade zones surrounding the Gramalote project, a notable feasibility-level open-pit gold project with resources of over 4.2 million ounces of gold.

As part of the Coexistence project, the government of Antioquia has announced the formalization of 60 artisanal mining areas into legal mining concessions, which will exclusively supply feedstock to the Coexistence project's processing plant. As part of the formalization process, the local miners are required to join a community mining organization which provides access to expertise and capital to facilitate the upgrade of their operations. Six of the 60 mines have now been upgraded from traditional artisanal workings to modern and efficient mining operations, and the remaining 54 are expected to follow.

In addition to being a significant economic opportunity for Newlox and its shareholders, the Coexistence project is designed to be a harmonious collaboration between the company and the local community. Management's vision extends beyond extracting precious metals; it encompasses sustainability, social responsibility and economic empowerment. Because of the robust environmental and social development goals of this endeavour, the Coexistence project benefits from strong government support, and management is pleased to report that significant public investment in infrastructure surrounding Newlox Gold's project is currently under way, including roads, power and direct investment in the new local mining projects which will feed Newlox Gold's processing plant.

Meanwhile, the company has been conducting commissioning work at its Boston project (plant 2) in Costa Rica over the past month. The Newlox Gold operations team reports that the commissioning work is advancing according to plan, and they expect to begin processing mineralized material shortly as part of the final metallurgical testing step before the start of commercial operations. The company has also been processing tailings material at plant 1 since the completion of power system upgrades earlier in the year and expects to return to steady production growth over the coming quarters at plant 1.

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