MAY 17, 2023 | VANCOUVER, BC

Tribeca Resources reports drill results from second target at La Higuera IOCG project and commences Phase 2 work program

Tribeca Resources Corporation (TSXV: TRBC) (“Tribeca Resources”, the “Company”) is pleased to announce final drill results from its recently completed first phase exploration program at the La Higuera IOCG project in northern Chile. These results mark a significant additional milestone in the Company's pursuit of copper-gold systems in this well-endowed and infrastructure-rich district.

Highlights:

The Phase 1 drilling program concluded with hole CHS002, which intersected a substantial zone of copper mineralization. Over a length of 167 meters, the copper grade averaged 0.21%, including a section of 12 meters at 0.91% copper and 0.24 g/t gold, starting from a depth of 56 meters.
A field campaign has been initiated to systematically develop additional drill targets. This campaign involves comprehensive geological mapping and soil sampling activities at the Benja and Don Baucha targets.

The results from CHS002, combined with historic exploration data, confirm the presence of three distinct copper-gold mineralized shear zones within a zone measuring 700 meters in length by 400 meters in width at Chirsposo. The characteristics of the mineralization closely resemble those from the previously reported Gaby discovery, as highlighted in Tribeca Resources' news releases from January to April 2023.

Tribeca Resources CEO, Dr Paul Gow commented:

“With an abundance of exciting exploration targets on our La Higuera district mineral concessions, we believe Tribeca Resources has only started to scratch the surface of this copper district. We look forward to systematically delineating new drill targets as well as recommencing drilling to understand the size of our exciting new Gaby discovery.”

Chirsposo drill results

The combination of historic RC-dominant drilling, trenching, soil sampling, and geophysical ground magnetic data has revealed the presence of a large IOCG alteration system at the Chirsposo project. This system spans approximately 700 meters by 400 meters and contains mineralization within several southeast-dipping shear zones.

During the recent drill program, two diamond drill holes with RC pre-collars were completed at the Chirsposo target, totaling 524 meters. These holes were designed to test the interpreted geometry of the controlling shear zones and explore potential down-dip extensions of mineralization encountered in historic holes CAB0006 and CB-01 (which returned notable intervals including 82 meters at 0.35% Cu from 64 meters in CAB0006 and 54 meters at 0.38% Cu, 0.09 g/t Au, including 10 meters at 0.97% Cu, 0.20 g/t Au from 122 meters in CB-01).

Results from the final two holes of Phase 1 drilling are as follows:

The first hole, CHS001, encountered 24 meters of gravel cover before intersecting diorite and porphyritic andesite with strong magnetite-scapolite-albite alteration. Pyrite-chalcopyrite mineralization was observed throughout much of the hole, with an average copper grade ranging between 0.1% and 0.2% in four intervals of 4-14 meters downhole thickness.
The second hole, CHS002, encountered 4 meters of gravel cover before intersecting porphyritic andesite with strong magnetite-amphibole-scapolite alteration. This section exhibited more intense pyrite-chalcopyrite mineralization, with localized sulphide content reaching 15% in thin intervals. The rock was weathered to a depth of 52 meters. The hole intersected significant thicknesses of 0.2-0.3% Cu and one 12m interval of 0.91% Cu and 0.24 g/t Au (Table 1). Importantly, this higher-grade interval may correlate with a similar interval of high-grade mineralization in CB-01 130m along strike to the southwest (Figure 1).

The strike extension of the mineralization to the northeast remains untested beyond drillhole CAB0006 (Figure 1).

The interpreted approximate 70° southeast dip of the mineralization and the northwest drilling direction at 60° dip suggest the true thickness of the mineralization will be approximately 75% of the downhole thickness.

Table 1: Significant intersections from drill hole CHS002 at the Chirsposo target. No significant intersections were present in drill hole CHS001.

HoleID	From	To	Interval	Cu (%)	Au (g/t)	Co (ppm)	CuEq (%)
CHS002	56	223	167	0.21	0.06	84	0.24
incl	56	78	22	0.26	0.07	31	0.28
incl	118	130	12	0.91	0.24	512	1.05
incl	198	214	16	0.24	0.07	72	0.27
Note: Apart from the summary intersection (from 56-223m in CHS002) the grade intersections are calculated for intervals >0.2% Cu with maximum internal dilution of 10m @ 0.05% Cu and a minimum interval width of 10m. CuEq (%) grades have been calculated using recoveries from metallurgical test work undertaken in 2006 on drill core from the project, which are 90% for copper, 65% for gold and 50% for cobalt. Metal prices utilised were US$3.74/lb copper, US$2,019.90/oz gold and US$15.84/lb cobalt (based on 12 May 2023 closing spot prices).

Figure 1. Location of the two drill holes (CHS001 and CHS002) completed at the Chirsposo target.

Targets at the La Higuera IOCG Project

Tribeca Resources has strategically acquired a land holding of 4,047 hectares along the Atacama Fault System, covering a length of 8km. In combination with historic exploration data, the recent drilling by Tribeca Resources has demonstrated a strong copper endowment in this section of the fault system. Through integration of the pre-existing geophysical database with new data, Tribeca Resources has identified numerous potential targets, particularly in areas with shallow gravel cover.

To date, Tribeca Resources has conducted drilling on two of five targets and is now focused on developing potential drill targets at the remaining three before proceeding to the next phase of drilling.

The target areas are shown on Figure 2 and comprise:

Gaby (drill tested in Phase 1): Gaby has shown significant intersections indicating the presence of a mineralized IOCG system over a strike length of at least one kilometer. The system remains open to the north and at depth, requiring further drilling. Gravity targets on the eastern flank will be explored using extension IP surveying.
Benja (not yet drilled): Located between the Gaby discovery and the historic La Higuera mine, Benja exhibits significant IOCG-style alteration based on reconnaissance mapping and ground magnetic data. A soil sampling program is underway to further evaluate the zone.
Chirsposo (drill tested in Phase 1): Chirsposo consists of an outcropping ridge that disappears under thin gravel to the northeast. Historic data and the drilling reported here indicate the presence of a large northeast-trending, locally copper-bearing, system spanning 700m x 400m.
Chirsposo South (not yet drilled): Chirsposo South features coincident ground magnetic (3000-5000nT) and IP chargeability anomalies (> 25 mV/V) beneath gravel cover. Limited drilling off the western flank of these anomalies has shown sporadic copper intervals with maximum individual assays up to 0.8% copper (CB-02)
Don Baucha (single historic drill hole): Hosting an intense magnetic anomaly (5000nT) with a coincident IP chargeability anomaly (up to 40 mV/V), Don Baucha comprises andesite outcrop cut by magnetite veins. The single historic drill hole intersected sporadic copper mineralization with individual assay intervals up to 0.38% copper.

A geological mapping and soil sampling program has commenced at the Benja and Don Baucha targets, which both host significant outcrop. The objective is to understand the location and geometry of any mineralized zones within these large areas that have been defined through the ground magnetic data.

Figure 2: Location of the five current targets on the La Higuera project. Underlying image is the Total Magnetic Intensity (reduced to pole) data.

Notes on sampling and assaying

Analytical samples were collected using 1/8 of the material from each 2m interval for the reverse circulation drilling or ½ HQ core for the diamond drilling and sent to the ALS Laboratory in La Serena, Chile for preparation and then to ALS in Santiago, Chile and Lima, Peru for analysis. Preparation included crushing the RC and core samples to 70% < 2mm and pulverizing 1000g of crushed material to better than 85% < 75 microns. All samples are assayed using 30g nominal weight fire assay with AAS finish (Au-AA23) and a multi-element four acid digest ICP-AES method (ME-ICP61). Where the ME-ICP61 results were greater than 10,000 ppm Cu the assays were repeated with an ore grade four acid digest method (Cu-OG62). The QA/QC procedure for this drilling program utilizes field duplicates, certified reference standards and blanks that comprise approximately 10% of the total samples submitted. The QA/QC results indicate appropriate accuracy and precision in the assaying program.

Qualified Person

All scientific and technical information in this press release has been prepared by, or approved by, Dr. Paul Gow, who is the CEO of Tribeca Resources. He is a Member of the Australian Institute of Geoscientists (MAIG), a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and a qualified person for the purposes of NI 43-101. Dr. Gow has not verified any of the information regarding any of the properties or projects referred to herein other than the La Higuera IOCG Property. Mineralization on any other properties referred to herein is not necessarily indicative of mineralization on the La Higuera IOCG Property.

About Tribeca Resources

Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.

Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.

Tribeca’s flagship property is the La Higuera IOCG project that comprises 4,047 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. The 822 hectare Gaby concession area is held under a purchase option (5% Exploration Levy on expenditure incurred during the option period; a US$2 million final payment due March 2024; with a 1% NSR Royalty granted to the owner), with the remainder of the concessions being outright owned (100%) by Tribeca Resources. Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca Resources on SEDAR on 24 October 2022.

On behalf of Tribeca Resources Corporation

Paul Gow		Thomas Schmidt
CEO and Director		President and Director
admin@tribecaresources.com		admin@tribecaresources.com
+1 604 685 9316		+1 604 685 9316

Cautionary Note

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

FORWARD LOOKING INFORMATION

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", “believe”, "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the drilling program, the ability of the Company to develop and define a suitable resource at the Project and the relationship between geophysical survey results and potential mineralization.

Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: new laws or regulations could adversely affect the business and results of operations of the Company and anticipated work on the Project.

There are several important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.

The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

APRIL 3, 2023 | VANCOUVER, BC

Tribeca Resources confirms the discovery of a 1km long mineralized copper-gold system at its La Higuera IOCG project in Chile

Tribeca Resources Corporation (TSXV: TRBC) (“Tribeca Resources”, the “Company”) is pleased to announce results from two 250m step-out drill holes, adding 500m of additional strike length for a total of 1 km to this discovery at the Gaby target. This new discovery is part of the Company’s La Higuera iron oxide copper-gold (IOCG) project, located in the Coquimbo region of northern Chile.

Highlights:

Results from two drill holes forming a 500m step-out to the north have doubled the strike length of known significant copper-gold sulphide mineralization, at what is now a 1km long mineralized zone at the Gaby discovery.
Drill hole GBY007 intersected 44m @ 0.52% copper, 0.10 g/t gold from 96m depth within a larger mineralized interval of 264m @ 0.31% copper, 0.06 g/t gold.
Drill hole GBY006 intersected 26m @ 0.51% copper, 0.10 g/t gold from 228m depth within 186.7m @ 0.27% copper, 0.05 g/t gold from 76m to end-of-hole.
The mineralization remains clearly open to the north and at depth. Integration of the step-out results with new geophysical data provides additional promising drill targets both along strike and adjacent to this discovery.
Logging and data collection from the drill core is being completed before planning the next phase of drilling to expand what is now a growing copper-gold discovery.

The two holes reported here have intersected an interpreted approximately 130m-wide NNW-trending sub-vertical zone of magnetite-related IOCG-style copper sulphide mineralization.

Tribeca Resources CEO, Dr Paul Gow commented:

“These drill results are highly encouraging and further validate our approach of aggressively stepping out to drill well-reasoned geophysical targets under thin gravel cover.”

“Located at just 450 metres above sea-level, and 10 km from the coast, the La Higuera project benefits from extremely favourable access to infrastructure and the possibility of year-round drilling. We look forward to continuing our efforts to increase the known size of this mineralized system during 2023.”

Table 1. Summary of significant mineralized intersections in drill holes GBY006 and GBY007.

HoleID	From (m)	To (m)	Downhole Interval (m)	Cu (%)	Au (g/t)	Co (ppm)	CuEq (%)
GBY006	76	262.7	186.7	0.27	0.05	240	0.31
incl.	122	178	56	0.35	0.07	271	0.40
incl.	190	224	34	0.28	0.06	362	0.35
incl.	228	254	26	0.51	0.10	312	0.56
GBY007	88	352	264	0.31	0.06	142	0.33
incl.	96	140	44	0.52	0.10	151	0.54
incl.	144	170	26	0.32	0.07	119	0.34
incl.	184	220	36	0.39	0.08	131	0.41
incl.	232	250	18	0.28	0.05	75	0.29
incl.	272	298	26	0.34	0.07	175	0.37

Note: Apart from the summary intersections (from 26-262.7m in GBY006 and 88-352m in GBY007) the grade intersections are calculated over intervals >0.2% Cu with maximum internal dilution of 10m @ 0.05% Cu and a minimum interval width of 10m. CuEq (%) grades have been calculated using recoveries from metallurgical test work undertaken in 2006 on drill core from the project, which are 90% for copper, 65% for gold and 50% for cobalt. Metal prices utilised were US$4.10/lb copper, US$1,965.80/oz gold and US$15.84/lb cobalt (based on 30 March 2023 closing spot prices).

Drill hole discussion: GBY006 and GBY007

The presence of an approximately 130m-wide NNW-trending sub-vertical mineralized envelope has been interpreted at the Gaby target. It has now been intersected in four drill holes (RCH-LH-07, GBY001, GBY006 and GBY007) on four drill sections over a 650m strike length. Together with thinner, but consistent intersections on the southern end of the zone (RCH-LH-03, RCH-LH-09 and RCH-LH-11) this provides a known strike length of 1km. The mineralization is typically present from the base of thin gravel cover that ranges in thickness from 0 to 76m.

Details of the two new drill holes reported here are as follows:

Drill hole GBY006 was drilled approximately 250m to the north of GBY001 (268m @ 0.66% Cu, 0.14 g/t Au) to a depth of 262.7m on section 4520N. After penetrating 76m of gravel cover it immediately encountered mineralized strongly faulted, veined and locally brecciated andesite with significant magnetite-dominated IOCG alteration. The mineralization was near continuous in the range of 0.1-0.4% Cu, with occasional 2m intervals up to a maximum of 1.48% Cu and 0.33 g/t Au, to the end of hole at 262.7m. It included a zone of higher-grade mineralization near the bottom of the hole of 26m @ 0.51% Cu, 0.10 g/t Au (0.57% CuEq) from 228-254m. The hole stopped in mineralization with the final 10.7m of the hole averaging 0.39% copper.
Drill hole GBY007 was located a further 280m north on section 4800N and completed at a depth of 365.85m. It penetrated 68m of gravel cover before intersecting mineralized andesite. The IOCG alteration, faulting, veining and local brecciation was similar to that encountered in GBY006. The lower portion of the hole included several thick (10-20cm) veins of hematite+chalcopyrite, one of which recorded a single 1m interval of 1.94% Cu, 0.18 g/t Au. The highest grade interval of 44m @ 0.52% Cu, 0.10 g/t Au (0.55% CuEq) was located 28m below the base of cover from 96-140m.

The holes reported here were drilled at an angle of 60°, such that if the body is vertical as interpreted the true thickness will be approximately half of the downhole thickness.

Figure 1: Location of drill holes completed to date at the Gaby target and the interpreted outline of the NNW-trending mineralization.

Geophysical Data

Figure 2 provides an overview of the gravity and additional ground magnetic data collected in Q4 2022 at the Gaby target. The interpretation of magnetic susceptibility data conducted on the project has yielded valuable insights, and the magnetite-associated mineralization drilled to date shows a strong spatial correlation with moderate intensity magnetic anomalism (approximately 1000 nT). The moderate magnetic trend continues to at least 400m north of drill hole GBY007.

A strong gravity anomaly of approximately 1 mGal intensity is present 400m to the east of drill hole GBY007, and is coincident with a small copper showing on sporadic outcrop. This provides an additional significant exploration target.

Figure 2. Geophysical images from the Gaby discovery:
A. reduced-to-pole (RTP) ground magnetic data, and
B. gravity (bouguer) residual data. Contour intervals of 200nT and 0.1mGal for the magnetic and gravity data, respectively. The black outline is the mineral licence boundary, and the drilling to date, including by the previous operator, is shown.

Next Steps

Complete drill core logging and receive all assays results from the Phase I program, and revise the 3D geological model.
Analyze and integrate the geophysical data received as part of the Phase 1 program
Select targets for detailed geological mapping, surface geochemistry, and/or further geophysical surveying from the five current targets at the La Higuera project
Develop the Phase 2 work program

Notes on sampling and assaying

Qualified Person

About Tribeca Resources

On behalf of Tribeca Resources Corporation

Paul Gow		Thomas Schmidt
CEO and Director		President and Director
admin@tribecaresources.com		admin@tribecaresources.com
+1 604 685 9316		+1 604 685 9316

Cautionary Note

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

FORWARD LOOKING INFORMATION

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the drilling program, the ability of the Company to develop and define a suitable resource at the Project and the relationship between geophysical survey results and potential mineralization.

FEBRUARY 23, 2023 | VANCOUVER, BC

Tribeca Resources drills copper-gold mineralization of 94m @ 0.34% copper from the base of shallow cover at its La Higuera IOCG project, Chile

Tribeca Resources Corporation (TSXV: TRBC) (“Tribeca Resources”, the “Company”) is pleased to report assay results from two further holes of the nine-hole drilling program recently completed at its La Higuera iron oxide copper-gold (IOCG) project, located 40km north of La Serena, in the Coquimbo region of northern Chile.

Highlights:

Drill hole GBY004 intersected 94m @ 0.34% copper, 0.07 g/t gold from the base of gravel cover at 38m.
Drill hole GBY005 intersected several copper-gold intervals (Table 1), including 20m @ 0.42% copper, 0.09 g/t gold from 270m within a 200m downhole interval of copper sulphide mineralization.
Assay results are awaited from the two final holes of this current program at the Gaby target (drill holes GBY006 and GBY007), which were drilled as large step-out holes to the north and are being geologically processed and analysed. Results from these holes, together with two additional holes completed at the Chirsposo target, 3km to the south, will be released in due course.

The two holes reported here are consistent with the presence of an approximately 140m-wide NNW-trending sub-vertical zone of copper sulphide mineralization, comprising magnetite-related IOCG-style pyrite-chalcopyrite mineralization.

Tribeca Resources CEO, Dr Paul Gow commented:

“The two drill holes reported here confirm the presence of a notable copper sulphide system at the Gaby target. Drill hole GBY004 was an 80m up-dip test from historic drill hole RCH-LH-07, which intersected 285m @ 0.4% copper., Importantly, it demonstrates that elevated grades up to 0.8% copper are present in the weathered andesite immediately below the shallow gravel cover.”

“We now await the results from the completed drill holes GBY006 and GBY007, which, together, are step-out holes located up to 500m to the north of previously reported hole GBY001 which intersected 268m @ 0.66% copper and 0.14 g/t gold.”

Table 1. Summary of significant mineralized intersections in drill holes GBY004 to GBY005.

HoleID	From (m)	To (m)	Downhole Interval (m)	Cu (%)	Au (g/t)	Co (ppm)	CuEq (%)
GBY004	38	132	94	0.34	0.07	76	0.35
incl.	38	82	44	0.40	0.08	103	0.42
incl.	88	132	44	0.32	0.07	48	0.33
GBY005	270	290	20	0.42	0.09	320	0.48
GBY005	330	342	12	0.20	0.05	339	0.27
GBY005	394	404	10	0.24	0.05	291	0.30

Note: Apart from the summary intersection (from 38-132m in GBY004) the grade intersections are calculated over intervals >0.2% Cu with maximum internal dilution of 10m @ 0.05% Cu and a minimum interval width of 10m. CuEq (%) grades have been calculated using recoveries from metallurgical test work undertaken in 2006 on drill core from the project, which are 90% for copper, 65% for gold and 50% for cobalt. Metal prices utilised were US$4.02/lb copper, US$1,833.95/oz gold and US$16.19/lb cobalt (based on 17 February 2023 closing spot prices).

Drill hole discussion

The presence of an approximate 140m-wide NNW-trending sub-vertical mineralized envelope has been interpreted at the Gaby target. It has been intersected in two drill holes on 100m-spaced drill sections (Figure1) as follows:

Drill hole GBY001 with an intersection of 268m @ 0.66% Cu, 0.14 g/t Au, 24.7% Fe, 330ppm Co from 52m downhole depth (see news release of 30 January 2023) on section 4270N.
Historic drill hole RCH-LH-07 intersected 285m @ 0.40% Cu, 0.08 g/t Au, 23.5% Fe and 259ppm Co from 100m downhole depth on Section 4170N (see the NI 43-101 Technical Report filed by Tribeca Resources on SEDAR on 24 October 2022)

Drill hole GBY004 was located to test 80m up-dip from several +1% copper intervals at approximately 150m depth in historic drill hole RCH-LH-07 (Figure 2) on Section 4170N. GBY004 intersected 44m @ 0.40% Cu, 0.08 g/t Au, with a maximum 2m interval of 0.82% Cu, from the base of gravel cover at 38m downhole depth. This intersection is within a broader interval of 94m @ 0.34% Cu (Table 1).

The results of drill hole GBY004 are consistent with the interpreted broadly sub-vertical envelope of sulphide copper mineralization, but do not allow direct correlation of the highest-grade copper intersections in each hole.

Drill hole GBY005 was drilled in the opposite direction, from the west, to test the interpreted mineralized envelope approximately 30m north of drill hole RCH-LH-07. This drill hole, albeit showing relatively lower grades than drill hole RCH-LH-07, intersected another 200m interval of sulphide copper mineralization. Drill hole GBY005 was terminated at 408m in low grade copper-gold mineralization (10m @ 0.24% Cu to 404m) due to issues in penetrating a highly broken fault zone.

The sulphide copper mineralization intersected in the two holes reported here is similar to that reported previously from the Gaby target, in being dominantly pyrite-chalcopyrite and hosted in andesitic rocks. Minor oxide copper and interpreted chalcocite are present in the weathered zone of drill hole GBY004. The associated alteration indicates the mineralization is of a magnetite-dominated IOCG style.

Figure 1: Location of drill holes completed to date at the Gaby target and the cross-section 4170N.

The dip of the mineralization is not currently well constrained, but the initial drilling results suggest it is likely subvertical to steeply dipping (Figure 2). Both drill holes GBY004 and GBY005 were drilled with a dip of 60°, such that the true thickness of a vertical body would be approximately 50% of the downhole intersection length.

Figure 2: East-west cross-section 6734170N at the Gaby target.

Chirsposo drilling

Drilling within the current program at Gaby and Chirsposo is now complete. Two holes were drilled at the Chirsposo target, located approximately 3km south of Gaby (refer to Tribeca news release dated 30 January 2023 for a location map), to test for mineralization down dip from historic drilling, including hole CAB0006. Drillhole CAB0006 was a step-out by 200m under thin gravel cover (~25m), which yielded the best historic copper intersection at the target (82m @ 0.35% Cu and 19.2% Fe from 64m). The two holes at Chirsposo are now being logged, cut and sampled.

Notes on sampling and assaying

Analytical samples were collected using 1/8 of the material from each 2m interval for the reverse circulation drilling or ½ HQ core for the diamond drilling and sent to ALS Lab in La Serena, Chile for preparation and then to ALS Labs in Santiago, Chile and Lima, Peru for analysis. Preparation included crushing the RC and core samples to 70% < 2mm and pulverizing 1000g of crushed material to better than 85% < 75 microns. All samples are assayed using 30g nominal weight fire assay with AAS finish (Au-AA23) and a multi-element four acid digest ICP-AES method (ME-ICP61). Where the ME-ICP61 results were greater than 10,000 ppm Cu the assays were repeated with ore grade four acid digest method (Cu-OG62). The QA/QC procedure for this drilling program utilizes field duplicates, standards and blanks that comprise approximately 10% of the total samples submitted. The QA/QC results indicate good accuracy and precision in the assaying program.

Qualified Person

About Tribeca Resources

On behalf of Tribeca Resources Corporation

Paul Gow		Thomas Schmidt
CEO and Director		President and Director
admin@tribecaresources.com		admin@tribecaresources.com
+1 604 685 9316		+1 604 685 9316

Cautionary Note

FORWARD LOOKING INFORMATION

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the drilling program, the ability of the Company to develop and define a suitable resource at the Project and the amenability of the minerals encountered for open pit mining.

JANUARY 30, 2023 | VANCOUVER, BC

Tribeca Resources drills 268m at 0.66% copper and 0.14 g/t gold, incl. 90m at 1.02% copper and 0.23 g/t gold, in 100m step-out first drill hole at La Higuera IOCG project

Tribeca Resources Corporation (TSXV: TRBC) (“Tribeca Resources”, the “Company”) is pleased to report assay results from the first three holes of the drilling program under way at its La Higuera iron oxide copper-gold (IOCG) project, located 40km north of La Serena, in the Coquimbo region of northern Chile.

Highlights:

Hole GBY001 intersected 268m at 0.66% copper, 0.14g/t gold, including 90m at 1.02% copper, 0.23 g/t gold, from the base of gravel cover at 52m.
Holes GBY002 and GBY003 (Table 1) intersected well-developed sulphide mineralization of a lower grade, albeit peripheral to the main trend.
Four holes (GBY004 to GBY007) are being geologically processed and analysed, including two drilled as large step-out holes to the north. Results from these holes, together with two additional holes that remain to be drilled at the Chirsposo target 3km to the south, will be released in due course.

All three holes reported here have intersected sulphide mineralization, with GBY001 returning assays that are of significantly higher grade than the best results reported in historic drilling (RCH-LH-07).

Tribeca Resources CEO, Dr Paul Gow commented:

“This is a very strong start for Tribeca with results from the first 100m step-out hole at Gaby, GBY001, surpassing our expectations and intersecting a very thick zone of copper-gold mineralization."

“With only the first three drill holes of a nine-hole program released, we look forward to continued news flow as we work to build on this expanding IOCG mineral system. Its location at low altitude, and with proximity to infrastructure, would expedite development should we define a suitable resource."

Table 1. Summary of significant mineralized intersections in drill holes GBY001 to GBY003.

HoleID		From (m)	To (m)	Downhole Interval (m)	Cu (%)	Au (g/t)	Co (ppm)	CuEq (%)
GBY001		52	320	268	0.66	0.14	330	0.74
incl.		52	170	118	0.61	0.13	122	0.64
incl.		178	204	26	0.34	0.08	260	0.41
incl.		230	320	90	1.02	0.23	681	1.20
	incl.	312	320	8	6.37	1.65	1789	6.92
GBY001		326	350	24	0.23	0.04	409	0.33
GBY002		122	136	14	0.27	0.06	53	0.28
GBY002		146	160	14	0.42	0.09	43	0.43
GBY003		100	114	14	0.21	0.05	43	0.22
GBY003		158	172	14	0.29	0.07	106	0.32

Note: Apart from the summary intersection (from 52-320m in GBY001) and the high-grade zone (312-320m in GBY001) the grade intersections are calculated over intervals >0.2% Cu with an approximate maximum internal dilution of 10m @ 0.05% Cu and a minimum interval width of 10m. No top cut has been applied. CuEq (%) grades have been calculated using recoveries from metallurgical test work undertaken in 2006 on drill core from the project, which are 90% for copper, 65% for gold and 50% for cobalt. Metal prices utilised were US$4.21/lb copper, US$1932.45/oz gold and US$22.23/lb cobalt (based on 26 January 2023 closing spot prices).

Drill hole discussion

The Gaby target is a NNW-trending zone, 3km to the northwest of the historic La Higuera mining center. Small copper workings and historic drilling indicates the presence of copper mineralization on small outcropping rises, which is interpreted to continue under thin gravel cover. Historic drilling at the Gaby target in 2005 stopped just north of the limit of the outcrop, where hole LH-RC-07 penetrated 31m vertical thickness of gravel cover before intersecting a thick section of IOCG-style mineralization. The mineralization returned an intersection of 285m @ 0.40% Cu, 0.08 g/t Au, 23.5% Fe and 259ppm Co from 100m. This information is documented in the NI 43-101 Technical Report filed by Tribeca Resources on SEDAR on 24 October 2022.

The first hole drilled by Tribeca Resources at Gaby (GBY001), is a 100m step-out to the north of historic drilling (Figure 1) and intersected a thick zone of IOCG-style mineralization with an intersection of 268m @ 0.66% Cu, 0.14 g/t Au, 330ppm Co (0.74% CuEq) from 52m downhole depth, including 90m @ 1.02% Cu, 0.23g/t Au, 681ppm Co (1.20% CuEq) from 230m. The intersection comprised 58m of weathered rocks from 52m to 110m depth and 210m of sulphide mineralization from 110m to 320m. The sulphide mineralization continued beyond 320m to the end of hole at 376.8m, but was dominated by the iron sulphide pyrite, with lesser copper sulphide (chalcopyrite) present.

Drill holes GBY002 and GBY003 were drilled peripheral to the main trend to test potential extensions to mineralization intersected in the historic drillhole RCH-LH-06 (36m @ 0.66% Cu, 0.14 g/t Au from 196m and 36m @ 0.46% Cu, 0.11 g/t Au from 264m) in the eastern section of the prospect. The holes intersected extensive sulphide mineralization, albeit containing thinner lower grade copper intersections compared to GBY001 (Table 1).

The sulphide mineralization intersected at Gaby is dominantly pyrite-chalcopyrite and hosted in andesitic rocks. A zone of intense sulphide mineralization comprising pyrrhotite and chalcopyrite occurs between 312m to 320m in GBY001. Minor oxide copper and interpreted chalcocite are present in the weathered zone. The alteration indicates the mineralization is of a magnetite-dominated IOCG style (Figure 3).

Elevated cobalt and iron are present with the mineralization. The 268m thick intersection reported from GBY001 yields 330ppm cobalt, which increases to 1800ppm cobalt in the massive sulphide mineralization. Thirty-eight percent of the assayed intervals in GBY001 report iron greater than 30%.

The dip of the mineralization is currently poorly constrained, but preliminary analysis of the drilling results suggests it is likely subvertical to steeply dipping (Figure 2). Drill hole GBY001 was drilled towards the west (270°) with a dip of 60°. True widths of mineralization are unknown given uncertainty in the understanding of the geometry and orientation of the mineralization.

Figure 1: Location of drill holes completed to date at the Gaby target and the cross-section 4270N.

Figure 2: East-west cross-section 6734270N at the Gaby target. Copper histograms clipped to 2% copper for display purposes.

Figure 3: Examples of sulphide mineralization intersected in drill hole GBY001. A) Disseminated pyrite-chalcopyrite, with magnetite and amphibole alteration (135.4m downhole). B) Pyrite-chalcopyrite associated with late carbonate veins and infill (248m). C) Sharp contact between the host andesite porphyry (on the right) and a zone of magnetite-scapolite-amphibole-pyrite replacement (192.5m). D) Semi-massive to massive pyrrhotite-chalcopyrite mineralization (semi-massive material from 313m to 317m, massive sulphide from 317m to 319m).

Chirsposo drilling

Drilling within the current program is underway at the Chirsposo target, located approximately 3km south of Gaby (Figure 4), the drilling will test for mineralization down dip from historic drilling, including hole CAB0006. Drillhole CAB0006 was a step-out by 200m under thin gravel cover (~25m), which yielded the best historic copper intersection at the target (82m @ 0.35% Cu and 19.2% Fe from 64m).

Notes on sampling and assaying

Analytical samples were collected using 1/8 of the material from each 2m interval for the reverse circulation drilling or ½ HQ core for the diamond drilling and sent to ALS Lab in La Serena, Chile for preparation and then to ALS Labs in Santiago, Chile and Lima, Peru for analysis. Preparation included crushing the RC and core samples to 70% < 2mm and pulverizing 1000g of crushed material to better than 85% < 75 microns. All samples are assayed using 30g nominal weight fire assay with AAS finish (Au-AA23) and a multi-element four acid digest ICP-AES method (ME-ICP61). Where the ME-ICP61 results were greater than 10,000 ppm Cu the assays were repeated with ore grade four acid digest method (Cu-OG62). The QA/QC procedure for this drilling program utilizes field duplicates, standards and blanks that comprise approximately 10% of the total samples submitted. The QAQC results indicate good accuracy and precision in the assaying program.

Qualified Person

About Tribeca Resources

Figure 4: Location of the Gaby and Chirsposo targets within the La Higuera project property outline.

On behalf of Tribeca Resources Corporation

Paul Gow		Thomas Schmidt
CEO and Director		President and Director
admin@tribecaresources.com		admin@tribecaresources.com
+1 604 685 9316		+1 604 685 9316

Cautionary Note

FORWARD LOOKING INFORMATION

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the strength of the start of the drilling program and the ability of the Company to develop and define a suitable resource at the Project.

There are a number of important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: reliance on key management; changes in the credit or security markets; results of operation activities; unanticipated costs and expenses; fluctuations in commodity prices; and general market and industry conditions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.

NOVEMBER 15, 2022 | VANCOUVER, BC

TRIBECA RESOURCES COMMENCES DRILLING AT ITS LA HIGUERA COPPER-GOLD-COBALT PROJECT IN NORTHERN CHILE

Highlights:

Tribeca has commenced drilling of a planned 2,800m combined reverse circulation (RC) and diamond drilling program at its La Higuera copper-gold-cobalt project
The objective of the drilling is to test for interpreted covered extensions to outcropping copper mineralization and historic drill intersections
A geophysical gravity survey is also in progress to map the distribution of the iron oxide alteration (magnetite and hematite) under extensive gravel cover in the district

Tribeca Resources Corporation (TSXV: TRBC) (“Tribeca Resources”, the “Company”) is pleased to announce that drilling has commenced at the Company’s La Higuera Project in the Coastal Iron Oxide Copper-Gold (IOCG) Belt of northern Chile. The goal of the planned 2,800m combined reverse circulation (RC) and diamond drilling program is to test interpreted covered extensions to outcropping copper mineralization and historic drill intersections.

Tribeca Resources CEO and Director, Dr Paul Gow commented:

“We are pleased to be commencing drilling so closely on the heels of our TSXV listing in late October. The La Higuera IOCG Project provides the potential for a major copper-gold-cobalt discovery in this premier copper-gold belt. We are excited to be drilling two advanced targets at Gaby and Chirsposo, both of which are supported by historical drill intersections and geophysical data.”

La Higuera IOCG Project

The La Higuera IOCG Project comprises 4,047 hectares of granted mining and exploration licences and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. The project is hosted within Jurassic to Cretaceous age intrusive and volcanic rocks that form part of the Coastal Cordillera. The Project is located within, and adjacent to, the Atacama Fault System, a long-lived system of faults that extends for approximately 1,000 km in northern Chile and is associated with the major copper-gold deposits of the Coastal IOCG Belt. Prominent examples of these deposits include the Candelaria, Mantos Blancos, Dominga and Santo Domingo deposits

The La Higuera IOCG Project was the subject of historic geophysical (ground magnetic and Induced Polarization/IP) and drilling work from 2000 to 2013 (Figure 1), producing significant drill intersections including:

285m @ 0.40% Cu, 0.08 g/t Au and 23.5% Fe from 100m (LH-RC-07) at the Gaby target, and
82m @ 0.35% Cu and 19.2% Fe from 64m (CAB0006) at the Chirsposo target

Further information about the project can be found in the NI 43-101 Technical Report lodged by Tribeca on SEDAR on 24 October 2022.

Figure 1. Location of the Gaby and Chirsposo targets within the La Higuera IOCG Project outline.

Drilling Program

The drilling program will include approximately 2,800m of combined RC and diamond drilling, in an estimated 12 holes at the Gaby and Chirsposo targets. The approximate hole depths are proposed to be between 150m and 300m.

The objective of the drilling program is to test for interpreted shallowly covered extensions to the known mineralization at both the Gaby and Chirsposo targets (Figure 2). The extensions to mineralization are interpreted on the basis of IP geophysical data and the interpreted strike direction of mineralization based on outcrop mapping and correlations between the historic drillholes. The two targets are 3 km apart.

Historic drilling at the Gaby target stopped at the northern limit of the outcrop, where hole LH-RC-07 provided the thickest significant copper intersection (see above). The current drilling program will test up to 350m north and 60m up-dip of the intersection in LH-RC-07. At the Chirsposo target the drilling will test for mineralization around and along strike to the northeast from historic hole CAB0006. Drillhole CAB0006 was a step-out by 200m under thin gravel cover (~25m thick), which yielded the best copper intersection at that target (see above).

Figure 2: Location of the proposed areas for drilling at the Gaby and Chirsposo targets. Both targets comprise interpreted extensions to mineralization known from outcrop or historic drilling.

Geophysical Gravity Surveying Program

In addition to the drilling activities, the Company is currently undertaking a gravity survey program over parts of the La Higuera IOCG Project with the objective of mapping the distribution of the iron oxide alteration (magnetite and hematite) under extensive gravel cover in the district. The gravity data will complement the ground magnetic and induced polarization (IP) data in mapping the distribution of iron oxide alteration that is commonly associated with the IOCG style of copper-gold deposit. The gravity survey is being completed by Geodatos SAIC, a well-known geophysical consulting group in Chile, with stations on a 200m grid with infill down to 100m in selected areas.

About Tribeca Resources:

Qualified Person

All scientific and technical information in this press release has been prepared by, or approved by, Dr. Paul Gow, who is the CEO of Tribeca Resources. He is a Member of the Australian Institute of Geoscientists (MAIG), a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and a qualified person for the purposes of NI 43-101. Dr. Gow has not verified any of the information regarding any of the properties or projects referred to herein other than the La Higuera IOCG Project. Mineralization on any other properties referred to herein is not necessarily indicative of mineralization on the La Higuera IOCG Project.

On behalf of Tribeca Resources Corporation

Paul Gow		Thomas Schmidt
CEO and Director		President & Director
admin@tribecaresources.com		admin@tribecaresources.com
+1 604 685 9316		+1 604 685 9316

Cautionary Note

FORWARD LOOKING INFORMATION

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the resumption of the trading of the Shares on the TSXV, and the Company’s plans for the development of the Project, including completing geophysical gravity surveying and drilling on the Project.

NOVEMBER 4, 2022 | VANCOUVER, BC

TRIBECA RESOURCES CORPORATION PROVIDES INSIDERS EQUITY INTEREST UPDATE

Tribeca Resources Corporation (TSXV: TRBC) (“Tribeca Resources”, the “Company”), formerly Hansa Resources Limited, announces that, in connection with closing of the Company’s reverse takeover transaction (the “Transaction”) announced October 26, 2022, certain shareholders of the Company have acquired ownership, control and direction over an aggregate of 28,594,602 common shares in the capital of the Company (each, a “Share”) at a deemed price per Share of $0.25, requiring disclosure pursuant to the early warning requirements of applicable securities laws (the "Acquisition").

Dr. Paul Gow

Immediately prior to completion of the Acquisition, Dr. Paul Gow, Chief Executive Officer and a director of the Company, owned, exercised control or direction over an aggregate of nil Shares representing nil% of the outstanding Shares on a non-diluted basis. Upon completion of the Acquisition, Dr. Gow now owns or exercises control over 10,577,301 Shares, representing approximately 20.39% of the issued and outstanding Shares on a non-diluted basis.

Thomas Schmidt

Immediately prior to completion of the Acquisition, Thomas Schmidt, President and a director of the Company, owned, exercised control or direction over an aggregate of nil Shares representing nil% of the outstanding Shares on a non-diluted basis. Upon completion of the Acquisition, Mr. Schmidt now owns or exercises control over 10,577,301 Shares, representing approximately 20.39% of the issued and outstanding Shares on a non-diluted basis.

Bjorkbacken Investment Limited

Immediately prior to completion of the Acquisition, Bjorkbacken Investment Limited (“Bjorkbacken”) owned, exercised control or direction over an aggregate of nil Shares representing nil % of the outstanding Shares on a non-diluted basis. Upon completion of the Acquisition, Bjorkbacken now owns or exercises control over 7,440,000 Shares, representing approximately 14.34% of the issued and outstanding Shares on a non-diluted basis. Bjorkbacken is controlled by Bjorn Saven.

This news release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires an early warning report to be filed with the applicable securities regulators containing additional information with respect to the foregoing matters. A copy of the early warning reports will be filed by the shareholders in accordance with applicable securities laws and will be available on the Company's issuer profile on SEDAR at www.sedar.com.

About Tribeca Resources:

On behalf of Tribeca Resources Corporation

Paul Gow		Thomas Schmidt
CEO and Director		President & Director
admin@tribecaresources.com		admin@tribecaresources.com
+1 604 685 9316		+1 604 685 9316

Cautionary Note

NOVEMBER 2, 2022 | VANCOUVER, BC

TRIBECA RESOURCES COMMENCES TRADING ON THE TSX VENTURE EXCHANGE

Tribeca Resources Corporation (TSXV: TRBC) (“Tribeca Resources”, the “Company”) is pleased to announce the commencement of trading today, of the company’s shares, on the TSX Venture Exchange (“TSXV”) under the symbol “TRBC”. This follows the closing of the Company’s previously announced reverse take-over transaction (the “Transaction”) with Hansa Resources Limited.

“We are looking forward to starting the next stage of Tribeca Resources’ life, as a listed company, and owe a massive debt of gratitude to all our shareholders and advisors in Chile and Canada for enabling the Company to reach this milestone” commented CEO Paul Gow. “Having worked hard over a number of years with our small team and a very limited budget makes this achievement all the more satisfying.”

The Company is underpinned by a solid financial position having working capital of approximately C$2.9 million at completion of the Transaction. “This puts us in a position to test the size of the mineral systems at the La Higuera IOCG Project, whilst continuing to source, evaluate and execute on quality pre-resource exploration opportunities”, said Thomas Schmidt, President and Director.

Exploration Program

Tribeca Resources is looking forward with excitement to the upcoming work program at the copper dominant La Higuera iron oxide copper-gold (IOCG) Project. Permits and funding are in place for the initial drill program and a drill contractor has been selected. A limited geophysical gravity survey has commenced in order to refine some of the drill holes targeting interpreted thinly covered extensions to the known mineralization intersected by historical drilling at the Gaby and Chirsposo systems.

Tribeca Resources looks forward to providing further information as the exploration program progresses and as drilling commences.

About Tribeca Resources:

Tribeca Resources is a copper exploration company focused on discovering and developing assets in the Chilean Coastal IOCG belt. The company’s management team, whose members are significant shareholders of the Company, has world-leading expertise and a discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.

Tribeca Resources’ objective is to provide the mineral resources for the next generation of copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid- to advanced-stage copper exploration and resource development projects. To this end, mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and significant discovery.

On behalf of Tribeca Resources Corporation

Paul Gow		Thomas Schmidt
CEO and Director		President & Director
admin@tribecaresources.com		admin@tribecaresources.com
T: +1 604 685 9316		T: +1 604 685 9316

Cautionary Note

FORWARD LOOKING INFORMATION

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the resumption of the trading of the Shares on the TSXV, and the Company’s plans for the development of the Project, including completing geophysical gravity surveying and drilling on the Project

OCTOBER 26, 2022 | VANCOUVER, BC

COPPER EXPLORER TRIBECA RESOURCES CORPORATION (FORMERLY HANSA RESOURCES LIMITED) COMPLETES BUSINESS COMBINATION TRANSACTION

Tribeca Resources Corporation (TSXV: TRBC) (“Tribeca Resources”, the “Company”), formerly Hansa Resources Limited, is pleased to announce that it has closed its reverse takeover transaction (the "Transaction") with Tribeca Resources Ltd. ("Target"), as previously announced in the Company's news releases dated October 24, 2022, September 26, 2022, June 30, 2022, October 21, 2021, and July 14, 2021.

Tribeca Resources CEO Dr. Paul Gow commented, “Tribeca Resources is looking forward with excitement to applying our knowledge and experience from the world’s other great iron oxide copper-gold (IOCG) terranes to the Chilean Coastal Belt. Permits and funding are in place for the initial drill program at the copper focused La Higuera IOCG Project, three experienced directors have been appointed to the Company’s board and the Company is evaluating a pipeline of opportunities in the broader Chilean Coastal IOCG Belt.”

The Transaction

In connection with the closing of the Transaction, the Company changed its name to "Tribeca Resources Corporation" and its trading symbol from “HRL” to “TRBC”.

Additionally, immediately prior to the completion of the Transaction, the Company completed the consolidation (the “Consolidation”) of its issued and outstanding common shares (the “Shares”) on the basis of one (1) new post-Consolidation Share for every five (5) pre-Consolidation Shares held.

The registered shareholders of the Company (the "Shareholders") will receive a letter of transmittal (each a "Letter of Transmittal") with respect to the Consolidation, with information on how to surrender their respective share certificates or DRS statement(s) representing pre-Consolidation Shares to the Company's transfer agent, Odyssey Trust Company (“Odyssey Trust”). All Shareholders who submit a duly completed Letter of Transmittal along with their respective share certificate(s) or DRS statement(s) representing the pre-Consolidation Shares to Odyssey Trust, will receive a certificate or DRS statement(s), as applicable, representing the post-Consolidation Shares. Shareholders who hold their Shares through an intermediary are encouraged to contact their intermediaries if they have any questions.

No fractional Shares were issued under the Consolidation as fractional Shares were rounded either up or down to the nearest whole number of Shares. The exercise price and number of Shares issuable pursuant to the exercise of any outstanding convertible securities, including incentive stock options and warrants issued prior to the closing of the Transaction, will also be adjusted in accordance with the Consolidation ratio.

The Shares of Tribeca Resources are expected to resume trading on the TSX Venture Exchange (the “TSXV”) a post-Consolidation basis on or about November 2, 2022 under new CUSIP number 89602G109 and new ISIN number CA89602G1090. A further press release will be issued prior to the commencement of trading.

Board of Directors and Executive Management

The management team of the Company is led by Paul Gow as CEO, Thomas Schmidt as President and Nick Demare as the CFO and Corporate Secretary. The board of directors of the Company is comprised of Paul Gow, Thomas Schmidt and Nick Demare, as well as Lisa Riley, Luis Tondo and Tara Gilfillan.

Prior to establishing Tribeca Resources, Paul Gow and Thomas Schmidt both worked in the copper business at Glencore.

Dr. Paul Gow is a geologist with extensive experience in mineral exploration and project development. His particular expertise is with iron oxide copper-gold (IOCG) deposits, where he has led exploration and development programs in all four major IOCG provinces. Formerly General Manager of Xstrata Copper’s Frieda River project and Director Brazil Exploration based in Belo Horizonte/Carajás, he led the Pedra Branca discovery team (OZ Minerals Limited, now in production).

Thomas Schmidt is an M&A professional with global experience and a strong focus on Latin America. He joined Xstrata in London in 2003 as a member of the Corporate Development team, after previously working for J.P. Morgan. Mr. Schmidt gained investment experience with Barclays Natural Resource Investments in Qatar and was previously based in Santiago where, as General Manager Finance, he was responsible for the Collahuasi and Antamina copper mine joint ventures.

Please refer to the Company’s filing statement dated October 24, 2022, available on SEDAR (www.sedar.com) for additional information on the Company’s board of directors and management team.

La Higuera IOCG Project

Patiently assembled via a series of property acquisitions by former Glencore executives Paul Gow and Thomas Schmidt, starting in 2017, Tribeca Resource’s cornerstone project is the drill-ready La Higuera IOCG Project (the “Project”), located 500 kilometres north of Santiago. It hosts a best historical drill intersection of 285 metres at 0.4% copper, with significant gold, iron and cobalt by-product credits from 6,823m of historic drilling predominantly at two key targets: the Gaby and Chirsposo prospects. Significant geophysical survey data (ground magnetic and Induced Polarization) has been collected over much of the Project area and has defined additional regional drill targets. Tribeca Resources intends to undertake additional limited geophysical gravity surveying to refine some of the drill sites for testing the open extensions of mineralization under thin cover at the Gaby and Chirsposo mineralized systems located on the Project.

Please refer to the Company’s technical report titled, “Independent NI 43-101 Technical Report on the La Higuera IOCG Project” dated effective August 19, 2022 and prepared by Dr. Scott Jobin-Bevans, available on SEDAR (www.sedar.com), for further details on the Project.

Working capital

At completion of the Transaction, the consolidated pro forma working capital position of the Company is approximately C$2.9 million.

Advisers

DuMoulin Black LLP acted as legal counsel to the Company. Alster Legal in Chile acted as legal counsel to the Target.

Next steps

Tribeca Resources looks forward to providing further information as the exploration program at the La Higuera IOCG Project progresses and as drilling commences.

About Tribeca Resources:

Qualified Person

The scientific and technical information in this news release has been reviewed and approved by Dr. Scott Jobin-Bevans, (M.Sc., P. Geo.) and Dr. Paul Gow (PhD, MAusIMM), both Qualified Persons as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

On behalf of Tribeca Resources Corporation

Paul Gow		Thomas Schmidt
CEO and Director		President & Director
E: admin@tribecaresources.com		E: admin@tribecaresources.com
T: +1 604 685 9316		T: +1 604 685 9316

Cautionary Note

FORWARD LOOKING INFORMATION

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the resumption of the trading of the Shares on the TSXV, and the Company’s plans for the development of the Project, including completing geophysical gravity surveying and drilling on the Project.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

Tribeca Resources Ltd. (“Tribeca Resources”), a private copper exploration company assembling and growing a portfolio of exciting exploration projects in the Chilean Coastal IOCG Belt, announced today that it has entered into an agreement with a TSX Venture Exchange listed shell company, Hansa Resources Limited (“Hansa Resources”), to complete a reverse takeover transaction (the “Proposed Transaction”) that would see Tribeca Resources become a listed Issuer on the TSX Venture Exchange, subject to regulatory and shareholder approvals.

The TSX Venture Exchange (“TSXV”) is the leading global equity market for mining and exploration companies. Mining and exploration companies on the TSX and TSXV have raised C$28.3 billion and C$6.4 billion in equity capital in 2021 year to date¹.

“The Proposed Transaction with Hansa Resources is expected to be completed later in 2021, giving Tribeca Resources access to public venture capital to fuel its exciting resource growth strategy in Chile”, said CEO Paul Gow. “Today’s announcement creates a path to the public market, via a TSXV listed shell company. It’s a key step in Tribeca Resources’ plan to deliver value to shareholders by assembling and growing a portfolio of copper dominant exploration projects that will ultimately fit with the acquisition criteria of the mid-tier copper producers”.

Founded in 2017 by former Glencore/Xstrata executives Paul Gow and Thomas Schmidt, Tribeca Resource’s cornerstone project is the drill-ready La Higuera IOCG Property. It hosts a best historical drill intersection of 285 metres at 0.4% copper, with significant gold, iron and cobalt by-product credits from 6,823m of historic drilling. Significant geophysical survey data (ground magnetic and Induced Polarization) has been collected over much of the project area and has defined additional regional drill targets. Tribeca Resources intends to undertake additional limited geophysical surveying (ground magnetic and gravity) to refine drill sites for testing the open extensions of mineralization under thin cover at the Gaby and Chirsposo mineralized systems.

In addition to this immediate work program, Tribeca Resources intends to utilize its project review efforts of the past years, and its firmly established Chilean network, to build a portfolio of advanced-stage exploration copper-gold projects in the Coastal IOCG Belt.

Following completion of the proposed reverse take-over, the former Tribeca Resources shareholders will hold approximately 72.7% of the issued and outstanding shares of Hansa Resources, with the resulting company carrying on the business of Tribeca Resources, under the name Tribeca Resources Corporation. Based on the share price of the shell company immediately before trading was halted, the initial market capitalisation of the Company, upon completion of the Proposed Transaction, will be C$15.3 million on a non-diluted basis.

Tribeca Resources intends to undertake a non-brokered private placement of shares in Tribeca Resources, prior to the completion of the reverse take-over, with shares sold by Tribeca Resources for targeted proceeds of US$2 million. A European family office with a long investment horizon has committed to making a US$1.5 million investment as part of the placement.

Upon completion of the Proposed Transaction, the directors of the Company will be Paul Gow (CEO), Thomas Schmidt (President), Robert Atkinson (current Hansa Resources Chairman) and two others (to be appointed).

The text above is Tribeca Resources’ comment to the news release from Hansa Resources, the TSXV listed shell company, and is not included within the original Hansa Resources release. The original release from Hansa Resources is available using the links below.'

Download Hansa Resources PDF news release:

http://tribecaresources.com/wp-content/uploads/2021/07/2021-07-14-Hansa-Resources-to-acquire-TribecaResources-in-RTO.pdf

Qualified Person

Dr. Paul Gow, a Member of the Australian Institute of Geoscientists and the Company’s qualified person as defined by NI 43-101, has reviewed and approved the contents of this press release.

About Tribeca Resources Ltd.

Tribeca Resources is a private copper exploration and development company. The team behind the company came out of Xstrata/Glencore’s copper business and established Tribeca Resources in 2017 with the objective of building a portfolio of copper dominant properties in the Chilean Coastal IOCG Belt that can be advanced towards code compliant mineral resources. Tribeca Resources owns, or has options to acquire, 4,047 hectares of mineral properties at the La Higuera IOCG Project, located 40 kilometres north of the city of La Serena, in the Coquimbo province of Chile.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States or to U.S. Persons absent registration under the U.S. Securities Act and applicable state securities laws or an applicable exemption from such registration requirements.

For further information you are invited to visit our website www.tribecaresources.com or contact:

Tribeca Resources Ltd.
Paul Gow – CEO	ThomasSchmidt – President
paul.gow@tribecaresources.com	thomas.schmidt@tribecaresources.com
+61 497 572 956	+44 77 7577 1217

Cautionary Note Regarding Forward Looking Statements

This press release may contain statements which constitute “forward-looking”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, and its directors, or officers with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions or the negative thereof, as they relate to the Company, or its management, are intended to identify such forward-looking statements.

Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. These forward-looking statements speak only as at the date of this press release. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements.

Tribeca Resources Chile SpA (“Tribeca Resources”) is pleased to announce the acquisition of certain mining concessions from TSX Venture Exchange listed Austin Resources Ltd. The Benja & Blanco properties being acquired from Austin Resources (the “Benja & Blanco Properties”) comprise 949 hectares of mining licences and are located immediately adjacent to Tribeca’s Caballo Blanco and Gaby-Totito properties, in the Coquimbo province of Chile.

This transaction further consolidates Tribeca Resources’ ownership of the area covering this large cluster of kilometre scale IOCG systems over this 8km segment of the Atacama Fault Zone, bringing the size of Tribeca’s total concession holdings to 3,747 hectares, an increase of 34%. Notably, this is the first time the ownership of the enlarged project area has been unified under a single owner.

The acquisition of a 100% interest in the properties is being entered into by Tribeca Resources’ 62.5% owned Chilean subsidiary Bluerock Resources SpA (“Bluerock”), whose other assets are an existing 100% interest in the Caballo Blanco properties, and 100% purchase options over the Gaby-Totito and Don Baucha properties.

Under the terms of the agreement, Austin’s 100% owned Chilean subsidiary Minera Azul Ventures Ltda will transfer all of its interest in all exploration properties held by Minera Azul, along with certain drill core, to Bluerock in exchange for Austin being granted a one percent (1%) Net Smelter Return royalty over future cashflows from mineral production from the Benja & Blanco Properties. Bluerock will have the right, but not the obligation, to purchase fifty percent (50%) of the Royalty by making a cash payment of US$63,166 to the Company.

The Benja & Blanco Properties surround the La Higuera copper-gold mining district that, in the late 1800s and early 1900s, was one of the largest copper producers in Chile. Initially, sulphide copper ore was direct shipped via La Serena-Coquimbo to Swansea in Wales for smelting. Later, up to eleven local smelters are reported to have been in operation at La Higuera, from which only slag heaps remain. In 1903 the district produced 11,950 tonnes of copper metal from ores grading up to 10% copper. Gold veins at grades up to 17 g/t gold were also exploited.

In 2011-12 Minera Azul undertook a programme of geological mapping, surface and underground sampling, geophysical surveying and drilling, with a focus on the third-party Mining Leases at La Higuera, but with part of the geophysical surveying (ground magnetic and pole-dipole IP) and one drill hole completed on the Austin Properties. The geophysical and drill hole results indicate that the strong IOCG alteration system that hosts the high grade La Higuera mineralisation continues to the northwest onto the Austin Properties. The single diamond hole drilled in the Austin Properties (LHDD-10) yielded two sub-economic copper intersections as follows:

3m @ 0.66% Cu, 15.7% Fe from 112m (including 1m @ 1.16% Cu)
14m @ 0.46% Cu from 142m (including 2m @ 1.4% Cu)

Tribeca Resources intends to undertake work on the property in conjunction with its previously announced work programme focussed primarily on the Gaby and Chirsposo targets located 1 kilometre to 3 kilometres west and southwest of the Austin Properties.

Following the 2019 acquisitions of the Gaby-Totito and Don Baucha properties, acquisition of the Benja & Blanco Properties is yet another step in implementing Tribeca Resources’ strategy of consolidation of advanced copper-gold projects in this under-appreciated portion of the prolific Chilean Iron Oxide Copper-Gold (IOCG) Belt of the Coastal cordillera. The properties are located approximately 40 km north of the city of La Serena, in the Coquimbo province of Chile (see Figure 1).

Austin has received the approval of its shareholders and the TSX Venture Exchange for the transfer, by Minera Azul, of its properties to Bluerock.

Figure 1: Location of the Benja & Blanco Properties (Minera Azul) relative to Bluerock’s existing properties

ABOUT TRIBECA RESOURCES

Tribeca Resources is a private Chilean exploration and development company. The team behind the company came out of Glencore’s copper business and established Tribeca Resources with the objective of building a portfolio of copper dominant properties in the Chilean Coastal IOCG Belt that can be advanced towards code compliant mineral resources. Via its 62.5% equity interest in Bluerock Resources, Tribeca Resources owns, or has options to acquire, 3,747 hectares of mineral properties in the La Higuera district. Its current property holdings host a best historical drill intersection of 285 metres at 0.4% copper, with significant gold, iron and cobalt by-product credits. Tribeca Resources is partnering with the founding Bluerock owners who retain a significant minority equity interest and have on-going technical and strategic involvement.

For further information:

Paul Gow – CEO Thomas Schmidt – President
paul.gow@tribecaresources.com thomas.schmidt@tribecaresources.com
+61 497 572 956 +44 77 7577 1217

www.tribecaresources.com

COMPETENT PERSONS STATEMENT

The information in this release has been compiled by by Dr. Paul Gow, Director and CEO of Tribeca Resources Chile SpA, based on the review of information from historical work programmes. Dr. Gow is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM) and the Australian Institute of Geoscientists (AIG), and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person under the 2012 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves.

APPENDIX 1:

JORC Code, 2012 Edition – Table 1

APPENDIX 2:

Austin Resources news release (dated 4 February 2020)

AUSTIN RESOURCES ANNOUNCES PROPOSED SALE OF MINERAL PROPERTIES TO TRIBECA RESOURCES

TORONTO, ONTARIO (February 4, 2020) Austin Resources Ltd. (“Austin” or the “Company”) (TSX Venture Exchange – AUT) announces that it has entered into an agreement to transfer all of its interests in the mineral exploration properties in Chile held by Minera Azul Ventures Limitada (“Minera Azul”), the Company’s wholly owned Chilean subsidiary. The properties, totaling 949 hectares, are located in the La Higuera district, 50km north of the town of La Serena in the Coquimbo province.

Under the terms of the agreement, Minera Azul will transfer all of its interest in all exploration properties held by Minera Azul, along with certain drill core, to Bluerock Resources SPA (“Bluerock”) in exchange for the Company being granted a one percent (1%) royalty over future cashflows from mineral production from the transferred properties (the “Royalty”). Bluerock, an arm’s length party to the Company, is a majority controlled subsidiary of Tribeca Resources Chile SPA (“Tribeca Resources”), a private Chilean exploration business with adjoining properties. Bluerock will have the right, but not the obligation, to purchase fifty percent (50%) of the Royalty by making a cash payment of USD$63,166 to the Company.

Assuming the completion of the agreement with Bluerock, Minera Azul will no longer have any assets and the Company intends to wind-up operations in Chile and dispose of its interest in Minera Azul.

The agreement, and the disposal of the Company’s interest in Minera Azul, remains subject to the receipt of all regulatory approval including, without limitation, the approval of the TSX Venture Exchange.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information contact:

Austin Resources Ltd.
Jing Peng
Chief Financial Officer
Telephone: 416-848-9888
Email: info@austinresources.ca
Website: www.austinresources.ca

About Tribeca Resources:

Tribeca Resources is a private Chilean exploration and development company. The team behind the company came out of Glencore’s copper business and established Tribeca Resources with the objective of building a portfolio of copper dominant properties in the Chilean Coastal IOCG Belt that can be advanced towards code compliant mineral resources. Via its 62.5% equity interest in Bluerock Resources, Tribeca Resources currently owns or has options to acquire 2,798 hectares of mineral properties in the La Higuera district (Figure 1). Its current property holdings host a best historical drill intersect of 285 metres at 0.4% copper, with significant gold, iron and cobalt by-product credits. Further information about Tribeca Resources can be found at www.tribecaresources.com.

Figure 1 (to Appendix 2): Location of Bluerock and Austin properties in La Higuera District, Chile

APPENDIX 3:

Austin Resources news release (dated 27 February 2020)

AUSTIN RESOURCES COMPLETES SALE OF MINERAL PROPERTIES TO TRIBECA RESOURCES

TORONTO, ONTARIO (February 27, 2020) Austin Resources Ltd. (“Austin” or the “Company”) (TSX Venture Exchange – AUT) announces that it has received the approval of its shareholders and the TSX Venture Exchange (the “Exchange”) for its previously announced transfer of all of its interests in the mineral exploration properties in Chile held by Minera Azul Ventures Limitada (“Minera Azul”), the Company’s wholly owned Chilean subsidiary (see press release dated February 4, 2020).

As the transaction involved the disposition of more than 50% of the Company’s business, the Exchange required the Company to obtain approval from disinterested shareholders holding more than 50% of the Company’s issued and outstanding common shares (which was accomplished by the Company receiving written consent for the transaction from disinterested shareholders holding in excess of 50% of the Company’s issued and outstanding common shares).

As a result of the completion of the agreement with Bluerock, Minera Azul will no longer have any assets and the Company intends to wind-up operations in Chile and dispose of its interest in Minera Azul.

Additionally, the Company has been advised by the Exchange that, with the closing of the transfer of all of its interests in the mineral exploration properties in Chile, the Company has ceased to have active operations, no longer meets the continued listing requirements of the Exchange and will be transferred to the NEX. As a result of such transfer to the NEX, the Company’s trading symbol with change from AUT to AUT.H once the Exchange issues the final bulletin in connection with this transaction.

For further information contact:

Austin Resources Ltd.
Jing Peng
Chief Financial Officer
Telephone: 416-848-9888
Email: info@austinresources.ca
Website: www.austinresources.ca

Tribeca Resources Corporation is a Chile focussed copper explorer developing and growing a portfolio of exploration projects in the Chilean IOCG Belt

Tribeca Resources Corporation
1305 - 1090 West Georgia Street
Vancouver, BC V6E 3V7 Canada

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