Toll Pit Infill Drilling Results

• Toll Pit Infill Drilling Program completed with positive results
• Significant intercepts identified in various pits
• Assay results highlight potential for high-grade mineralization

Challenger Gold Limited has completed its 10-metre spaced infill drilling program within the Hualilan toll milling pits, comprising approximately 40 drillholes in each of the Sanchez, Norte, and Magnata pits, and 4 holes in the Sentazón pit. The program has yielded promising results, with select intercepts including 16.0m at 2.5 g/t AuEq in the Magnata pit, 5.0m at 19.8 g/t AuEq in the Norte pit, and 7.0m at 3.5 g/t AuEq in the Sanchez pit. These results contribute to the overall Mineral Resource Estimate for the Hualilan Gold Project, which was first announced on 1 June 2022 and updated on 29 March 2023.