Exploration Program Update For South Bullfrog Gold Project

VANCOUVER - Zacapa Resources reported significant exploration program advancement at the South Bullfrog project in the Beatty District - Walker Lane Trend, Nevada. The Company has staked an additional 136 mining claims (approximately 10.6 km2), completed a stream sediment sampling program, is nearing completion on a soil sampling program, and has initiated an induced polarization (IP) geophysical survey, which will be used to identify, prioritize and rank drill targets in 2022.

The South Bullfrog project hosts several mapped fault systems that crosscut the property, and airborne magnetic geophysical data collected in 2021 suggests that major discontinuities are present under alluvial cover that may represent additional, previously unrecognized, structures. These discontinuities have a similar range of orientations to other gold-bearing structures in the district and appear to cut favorable subaerial volcanic host rocks in the east of the project. These structures and the recently collected soil geochemistry and IP geophysics will form the basis of ongoing targeting efforts.

"We have accumulated a significant land position in the Beatty District positioning us well for our current and future exploration programs," said, CEO & Director Adam Melnik. "Phase one of our exploration program is nearing completion at South Bullfrog. The combination of surface geochemical sampling with coincident geophysical surveys will allow our team to identify prospective structures for drill testing in 2022."