• Antilles Gold's subsidiary MLV sanctioned by U.S.
• AGI suspends management and funding of MLV
• Xinhai Mining suspends EPC contract for Nueva Sabana
• Company seeks resolution and keeps market informed

Antilles Gold Limited (ASX: AAU) has reported that its Cuban joint venture, Minera La Victoria S.A. (MLV), has been sanctioned by the U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) for operating in the metals and mining sector of the Cuban economy. The company's subsidiary, Antilles Gold Inc. (AGI), which holds a 50% share in MLV, has initiated discussions with the U.S. Department of State. AGI has suspended its direct participation in the administration, management, and funding of MLV until further notice but retains its 50% shareholding. Additionally, Xinhai Mining has suspended activity on the EPC contract for the Nueva Sabana mine until the designation is removed or OFAC licenses MLV to transact with U.S. entities or persons. The company is taking proactive measures to seek a resolution and will keep the market informed of any developments.

Antilles Gold is actively seeking a resolution to the sanctions and will keep shareholders updated on developments.