Initial MRE of 4.5Moz AuEq at El Guayabo Project, Ecuador

1 ▪ Initial Inferred Mineral Resource Estimate (MRE) of 270 mt at 0.52 g/t AuEq1 for 4.5 Moz AuEq at CEL's 100% owned El Guayabo Project in Ecuador (refer Table 1). ▪ The 4.5 Moz1 MRE contains a significant higher-grade core of mineralisation (refer Table 2): ▪ 1.45 Moz at 1.0 g/t AuEq1 (0.65 g/t AuEq cut-off) including; ▪ 1.01 Moz at 1.2 g/t AuEq1 (0.8 g/t AuEq cut-off)) including; ▪ 0.63 Moz at