Mr. Cameron Tymstra reports

TARACHI GOLD PROVIDES CORPORATE UPDATE

Tarachi Gold Corp. board and management team have decided, after a thorough review of mineral concessions currently being optioned from Minerales de Tarachi S. de R.L. de C.V. and Exploradora Cobre de Bacanora S. de R.L. de C.V., to discontinue the option agreements for the properties located in Sonora, Mexico.

Tarachi currently holds approximately $1.9-million (U.S.) in cash and is expecting to receive an additional $1-million (U.S.) from Minera de Atocha within the next six months. Further payments totalling approximately $1.65-million (U.S.) are also expected as Atocha begins production at Magistral and recovers certain taxes owing to Tarachi's former subsidiary (see May 3, 2023, press release).

Tarachi is evaluating new precious metal opportunities in North America and has reduced its continuing overhead costs to conserve its significant cash assets during this review process.

About Tarachi Gold Corp.

Tarachi is a Canadian-listed junior gold exploration company currently focused on precious metal opportunities in North America.

We seek Safe Harbor.