Thackeray Mines & Minerals Inc. is pleased to announce that it has entered into an interim agreement to acquire all assets of a gold project located in El Callao, approximately 8 kilometres from its existing site in Bolívar state, Venezuela, which commenced operations in 2019.

Under the terms of the agreement, Thackeray Mines & Minerals Inc. will fund all necessary working capital and aims to complete the transaction within 190 days.

The prospective site comprises 37 unpatented claims and 4 patented claims, encompassing over 6,000 metres of historical drilling. Historic resource estimates indicate approximately 350,000 ounces of gold in the indicated category, with an additional 180,000 ounces inferred.

"We are restricted from disclosing further details regarding this acquisition until finalization by both parties. This new project will significantly expand the company’s gold exploration portfolio. We will provide further announcements upon obtaining the required security holder approval and the completion of definitive documentation for the transaction."- Mr. Wendell Christinsen – Chief Financial Director at Thackeray Mines & Minerals Inc

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such actions would be unlawful. The securities described herein have not been and will not be registered under the Canadian Securities Exchange or any Canadian provincial securities laws and may not be offered or sold in Canada or to Canadian persons except in compliance with registration requirements or pursuant to an exemption therefrom.