New Risk • Mar 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.9m free cash flow). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m (CA$555k revenue, or US$405k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$48.7m market cap, or US$35.5m). New Risk • Mar 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$6.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.9m free cash flow). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m (CA$555k revenue, or US$406k). Minor Risk Market cap is less than US$100m (CA$48.7m market cap, or US$35.7m). Announcement • Jan 22
Mirasol Resources Ltd. Announces Drilling Underway At Sobek Copper-Gold Project in the Vicuna District, Chile Mirasol Resources Ltd. announced that drilling is in progress at the Company's 100%-owned Sobek Copper-Gold-Silver Project ("Sobek" or "the Project") in the Vicuna District of Chile. The 46 South target lies at the southern end of a 3-km N-S trending corridor hosting alteration and mineralization at Sobek Central that runs parallel to Filo del Sol which is only ~7 km to the east. Results from the ground based Deep Vectoring IP and MT geophysical survey launched late last year has defined a shallow coincident IP anomaly with strong MT-resistivity and chargeability responses which starts at approximately 200m below surface and continues down over 500m depth. These responses are interpreted as High Sulphidation Epithermal (HSE) or a lithocap root above a strong magnetic anomaly potentially related to an intrusive/porphyry at depth. The current drilling strategy prioritizes the IP 10-20 mV/V range chargeability corridor adjacent to the resistive core, aiming to test the coincident resistive-chargeable architecture and its relationship to the mapped HSE system, while minimizing reliance on peak chargeability alone as a vector to mineralization. The planned drillhole has a projected depth of approximately 1000m, and is optimized to test structural intersections, with a strong focus on intersecting the NW-WNW set of structures, while at the same time testing the resistive core and sulphide halo at depth, adjacent to the strong magnetic anomaly within the deeper target zone. Structurally controlled tourmaline breccias and hydrothermal breccias were also identified while prospecting and mapping in the target area. To further resolve the geometry of these shallow IP/Res domains and the deeper MT responses, an innovative and proven Deep Vectoring IP andMT geophysical survey was completed. The survey was designed to refine the characterization of the existing resistive/chargeable domains at shallow levels and the deeper MAG response, providing the vectoring required to refine final drill targets. Comparable approaches at projects such asATEX's Valeriano, directly south of Sobek in Chile, and Aldebaran's Altar in Argentina have demonstrated the effectiveness of this technology in telescoped porphyry-epithermal systems. Mirasol disclaims any obligations to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable law. 
