Altamira Gold Mobilizes Drill Rig to Cajueiro Gold District, Brazil

Core Viewpoint - Altamira Gold Corp. is mobilizing a diamond drill rig to the Cajueiro gold project in Brazil to explore depth and lateral extensions of the Maria Bonita mineral resource and other identified porphyry targets [1][2]. Group 1: Drilling Program - An initial drilling program of 3,000 meters is planned, consisting of eight holes to test extensions of the Maria Bonita gold deposit, which remains open to the west, south, and at depth [6][10]. - The drill program will expand to include several identified porphyry gold targets within the Cajueiro district after initial drilling at Maria Bonita [2][11]. Group 2: Resource Estimates - The Cajueiro Central area has an open pit resource of 5.66 million tonnes at 1.02 g/t gold, totaling 185,000 ounces in the Indicated Resource category, and 12.66 million tonnes at 1.26 g/t gold, totaling 515,000 ounces in the Inferred Resource category [8]. - The Maria Bonita deposit has Indicated Resources of 24.19 million tonnes at 0.46 g/t gold (357,800 ounces) and Inferred Resources of 25.64 million tonnes at 0.44 g/t gold (362,400 ounces) [9][16]. Group 3: Project Location and Infrastructure - The Cajueiro district is located approximately 75 km northwest of Alta Floresta in Mato Grosso, Brazil, and is easily accessible by road, with existing infrastructure such as grid power and local water supply [3][5]. - A simple development camp is being constructed at Maria Bonita to support the drilling program and expedite logistics [12][17].