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Project	Biricu
Commodity	Gold
Nearest City	Chilpancingo
Nearest Major Mining Projects	Equinox's Los Filos & El Bermejal mine Torex Gold’s El Limon/Guajes mine and Media Luna mines Heliostar Metals Ltd. Ana Paula Mine Zacatecas Silver Corp's Esperanza deposit
Development Stage	Greenfields exploration; 9,587m drill program completed
Geology	Skarn-Porphyry
Land Package	41,464 has
Exploration Highlights	Hole GV2014-011 - 98.17 m grading 0.42 g/t Au and 0.16 g/t Ag; 26.98 m grading 1.07 g/t gold and 0.29 g/t silver, including a zone of 6.85 m grading 2.78 g/t gold and 0.92 g/t silver Hole GV2014-002 - 1.1 m grading 1.1 g/t gold Hole GV2015-015 - 1.19 m grading 1.1 g/t gold Hole GV2014-009 - 1.68 m grading 0.83 g/t gold and 3.10 g/t silver
Access & Infrastructure	Excellent infrastructure with paved roads, power grid and mining labour force
Project Interest	100% Owned

Biricu project is located the Guerrero Gold Belt (“GGB”) which has seen several million ounces of gold discovered along this mineralized trend since the 1990s which continues to increase with further brownfields resource expansion and new greenfields discoveries. Biricu’s proximity and geological resemblance to the Los Filos-Bermejal-Nukay gold mines in the GGB led Alamos Gold to stake the Biricu project concessions in 2010. They were subsequently optioned to Guerrero Ventures in 2012. Minaurum loaned Guerrero Ventures funds to explore Biricú in exchange for a controlling interest in the project in 2016. In 2019, Minaurum acquired a 100% interest in the Biricu project.

The Biricu mineralization appears to be related to skarn and hornfels alteration of Mezcala Formation shale and sandstone in proximity to diorite/granodiorite intrusive rocks. Cretaceous Morelos Formation limestone and the overlying Mezcala Formation shale are the oldest rock units in the Biricu area. These units are exposed in a NNE-SSW-trending syncline cored by the Mezcala Formation shales, with Morelos limestone exposed on the flanks at Biricu. Laramide dioritic stocks cut through the sedimentary rocks, most notably associated with a diatreme at the Punto Rojo prospect.

The transition from the limestone of the Morelos Formation to the limey shales and siltstones of the Mezcala Formation, where intruded by Laramide stocks is known to be favorable for gold mineralization in the Guerrero Gold Belt. Mineralization may occur along the margins of the intrusive bodies, especially at the levels of the Mezcala-Morelos transition, and/or within the intrusive bodies themselves.

Guerrero Ventures’ exploration, supervised by the renowned Guerrero Gold Belt veteran and late Minaurum director David M Jones, consisted of geological mapping, soil and rock-chip geochemical sampling, and an airborne VTEM-magnetics survey, in addition to a 21-hole, 9,587-m core drilling program carried out from 2012 to 2016. Surface mapping and sampling identified a line of intrusive rocks similar to those that host deposits in the Guerrero Gold Belt. Airborne geophysics discerned magnetic anomalies and conductors that may indicate intrusive bodies at depth.

Exploration drilling testing the Punto Rojo target returned 26.98 metres (m) grading 1.07 g/t gold and 0.29 g/t silver, including 6.85 m grading 2.78 g/t gold and 0.92 g/t silver.

Table 1. Guerrero Gold Belt Mineral Resources

Guerrero Gold Belt Mineral Resources
Company	Mine	Source	Category	Tonnes	Grade (g/t)	Contained Au	Tonnes	Grade (g/t)	Contained Ag
Equinox Gold	Los Filos	Equinox Gold Feasibility Study Los Filos Expansion October 19, 2022	Proven	35,453,000	0.77	877,000	35,453,000	5.10	5,809,000
		Webpage: Mineral Reserves and Resources	Probable	157,773,000	0.88	4,477,000	157,773,000	7.20	36,761,000
			P&P	193,226,000	0.86	5,354,000	193,226,000	6.90	42,570,000
			Measured	47,306,000	1.15	1,757,000	47,306,000	7.20	10,876,000
			Indicated	278,020,000	0.69	6,140,000	278,020,000	7.40	66,485,000
			M&I	325,326,000	0.75	7,897,000	325,326,000	7.40	77,360,000
			Inferred	135,935,000	0.74	3,237,000	135,935,000	8.90	38,969,000
			Total	654,487,000		16,488,000	654,487,000		158,899,000
Zacatecas Silver	Esperanza	Mineral Reserves & Resources Report Dec 31, 2021 Document	Proven	0	0.00	0	0	0.00	0
		Webpage: Esperanza Project	Probable	0	0.00	0	0	0.00	0
		Wepage: Jan 3 2023 - News Release Zacatecas Silver	P&P	0	0.00	0	0	0.00	0
		NI 43-101 Report December 30, 2022 - Zacatecas Silver	Measured	4,204,000	1.45	137,000	4,204,000	10.30	832,000
			Indicated	26,334,000	1.24	775,000	26,334,000	10.00	7,678,000
			M&I	30,538,000	0.93	913,000	30,538,000	8.70	8,510,000
			Inferred	8,737,000	0.91	256,000	8,737,000	14.50	4,087,000
			Total	39,275,000		1,169,000	39,275,000		12,597,000
Heliostar Metals	Ana Paula	NI 43-101 Report January 11, 2024	Proven	0	0.00	0	0	0.00	0
		Webpage: Mineral Resources and Reserves	Probable	0	0.00	0	0	0.00	0
		Webpage: Ana Paula Project	P&P	0	0.00	0	0	0.00	0
			Measured	1,110,000	8.97	320,204	0	0.00	0
			Indicated	2,240,000	5.42	390,716	0	0.00	0
			M&I	3,350,000	6.6	710,920	0	0.00	0
			Inferred	3,280,000	4.24	447,512	0	0.00	0
			Total	6,630,000		1,158,432	0		0
Torex Gold	Morelos Complex	Webpage: Mineral Resources and Reserves	Proven	10,283,000	3	991,000	10,283,000	9.90	3,269,000
			Probable	32,345,000	2.65	2,760,000	32,345,000	21.70	22,589,000
			P&P	42,627,000	2.74	3,751,000	42,627,000	18.90	25,858,000
			Measured	7,098,000	5.15	1,175,000	7,098,000	16.00	3,662,000
			Indicated	41,619,000	3.05	4,083,000	41,619,000	24.50	32,787,000
			M&I	48,717,000	3.36	5,258,000	48,717,000	23.30	36,449,000
			Inferred	15,085,000	2.67	1,297,000	15,085,000	24.70	11,955,000
			Total	106,429,000		10,306,000	106,429,000		74,262,000

Note: This presentation/website contains information about other properties in which Minaurum does not have an interest including Agnico Eagle Mines Ltd, Equinox Gold Corp., Heliostar Metals Limited, Torex Gold Resources and Zacatecas Silver Corp. Information about these properties is not necessarily indicative of the mineralization on the Company's properties.

Hole #	Length (m)	From(m)	To (m)	Width (m)	Au (g/t)
GV2014-002	616.00	163.92	164.34	0.42	8.90
GV2014-011	647.71	266.53	364.70	98.17	0.42
including		284.00	310.98	26.98	1.07
GV2014-15	235.3	18.00	19.19	1.19	1.10

Please see Guerrero Ventures Inc news release dated January 26, 2015 and Minaurum Gold Inc. news release dated January 10, 2017.

Bircu location in state of Guerrero

Biricu geology and target areas

Biricu Punto Rojo cross section

Biricu Punto Rojo

Biricu Mag RTP

David M. Jones showcasing a Los Filos mineralized intrusion sample to the nearby Vuelcos surface intrusion outcrop indicating similar mineralization

Map of Guerrero Gold Belt. (This map contains information about other properties in which Minaurum does not have an interest including Agnico Eagle Mines Ltd, Equinox Gold, Heliostar Metals Ltd., Torex Gold Resources Inc. and Zacatecas Silver Corp. Information about these properties is not necessarily indicative of the mineralization on the Company's properties.)
The Eureka Drill Hole That Started It All

What is the Guerrero Gold Belt?

David Jones - Discoveries 2017