• Infill drilling results support existing resource model and indicate potential extensions
• Average grade of 7.0 g/t Au in Magnata Pit, higher than PFS estimate of 6.2 g/t Au
• Sanchez Pit results indicate potential to deepen the pit

Challenger Gold Limited (Challenger or the Company) has presented results from its 10m spaced infill drilling program within the Hualilan toll milling pits. The program comprises approximately 40 drillholes in each of the Sanchez, Norte and Magnata pits, and a further 4 holes in the Sentazón Pit. Assay results have been received for approximately 60% of the program to date, with results prioritized for the Magnata Pit. The average grade of infill drill intersections above the toll milling cut-off in the Magnata Pit is 7.0 g/t Au, compared to 6.2 g/t Au in the Magnata Pit as defined in the Toll Milling Pre-Feasibility Study. In addition to supporting the existing model, the results highlight the presence of further high-grade zones within the pit. The Sanchez results also indicate the potential to deepen the Sanchez Pit. The infill drilling program has provided valuable information to support the integrity of the existing resource model and identify potential extensions to the current resource.