Marimaca Copper Objectives and Strategy

The Company is implementing a dual strategy of continuing to progress the Marimaca Copper Project and aggressively assessing the exciting exploration potential in Marimaca Copper’s large land package. Following the 2022 Updated Mineral Resource Estimate (2022 MRE) the Company intends to continue to move the Marimaca Copper Project through the various technical and permitting de-risking milestones in the coming months and years. In the area around Marimaca, the Company has identified several high priority targets for follow-up exploration work, which it believes will give Marimaca Copper several opportunities to make potentially game changing discoveries and unlock what could be a new copper district in Chile.

All members of the Board believe in the importance of good corporate governance and in its accountability to all stakeholders in Marimaca Copper Corp including our shareholders, advisers, regulators, consultants, employees and local communities. Exemplary corporate performance mitigates risk and is an important factor in achieving the long-term success of the Company, and in unlocking the full potential of the Marimaca Copper Project. This performance requires a highly skilled team on the ground, close community engagement, and environmental prudence to correctly capitalise on the land under the Company’s control.

Marimaca is committed to creating long-term value for all our stakeholders through integrating ESG best practice into the ongoing development of the Company:

Marimaca has demonstrated a commitment to environmentally sound exploration most recently shown by the receipt of its Environmental Qualification Resolution, allowing new exploration campaigns at the Project and in the broader Marimaca District.

It is the Company’s view that working closely with the government and local stakeholders will maximise the success of the area and engage local communities in the important work ahead. Marimaca’s prime location, and proximity to Antofagasta, allows ready access to world class talent to progress the Project as well as infrastructure and utilities, ensuring low execution risk.