Mashwa Minerals Ltd. Agree Interim Agreement to Acquire Substantial Gold Project in Venezuela

Mashwa Minerals Ltd. is pleased to announce that it has entered into an interim agreement to acquire all of the assets of a gold project located in El Callao, which is only 8 kilometers away from its existing site in the same state of Bolívar state which the company opened in 2024.

In order to acquire the site, Mashwa Minerals Ltd. has agreed to fund all working capital required and in connection with the proposed acquisition, Mashwa Minerals Ltd. will complete the transaction within 190 days.

The new site is comprised of 37 unpatented claims and 4 patented claims, which have over 6,000 meters of historic drilling. Historic resources estimate the gold reserves on the project to total approximately 350,000 ounces indicated and a further 180,000 ounces inferred, based on historic resource estimates.

"We are restricted on being able to disclose to the public any further details in relation to this acquisition agreement until it has been finalized by both parties," said Mr. Malcolm Shaw, Founder & CFO at Mashwa Minerals Ltd.

"This new project will significantly expand the company's gold exploration portfolio although we will not make any further announcements until the required security holder approval and the negotiation and execution of definitive documentation with respect to the transaction are completed," Mr. Shaw added.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. the securities described herein have not been and will not be registered under the Canadian Securities Exchange, or any Canadian state securities laws and may not be offered or sold in Canada or to Canadian persons except in compliance with the registration requirements of the Canadian Securities Exchange laws or pursuant to an exemption therefrom.