The Project was initially prioritised through the integration of multi-disciplinary datasets analysed using artificial intelligence and machine-learning assisted workflows in conjunction with geological interpretation. These methods supported the identification of exploration targets considered prospective for follow-up work. Such targets are conceptual in nature and have not been demonstrated to host mineral resources.

Option terms

Montero may acquire a 100% interest in the Potrero Project by making staged payments totalling US$7 million over six years according to the following schedule:

US$40,000 paid on receipt of TSX Venture Exchange approval, US$100,000 in 2026, US$150,000 in 2027, US$260,000 in 2028, US$400,000 in 2029, US$550,000 in 2030, and US$5,500,000 in 2031

The vendor retains a 2% Net Smelter Return (NSR) royalty. Montero has the option to repurchase 50% of the NSR for US$5 million within nine years of execution of the agreement.

Historical Exploration

Historical drilling at Potrero includes:

• 126 m @ 0.44 g/t Au
• Including 18 m @ 0.80 g/t Au
(Caracal, 2009; Hochschild, 2011; Verde Resources Corporate Presentation, 2011)

The historical drill results referenced above were reported by previous operators and have not been independently verified by the Company. A Qualified Person has not completed sufficient work to verify these results, and they should not be relied upon as current mineral resources or mineral reserves.

These historical results are not necessarily indicative of mineralization on the property.

Exploration Plans

An initial exploration budget of approximately CAD$140,000 has been approved. Planned work includes: Remote sense mapping, Geological mapping, Geochemical sampling, and Geophysical surveys.

The program is designed to define and prioritise drill targets through systematic evaluation.

Exploration data generated will be analysed using AI-assisted and machine-learning supported workflows to assist in refining geological models and prioritising targets. These tools function as decision-support systems and do not predict or guarantee the discovery of mineral resources.

Exploration Strategy

Montero integrates historical drilling results, surface geochemistry, alteration mapping, and structural interpretation using AI-assisted analytical workflows to support target prioritisation and evaluation of both epithermal mineralization and potential underlying porphyry systems.

All interpretations and exploration decisions remain geology-led and are reviewed by experienced geologists and Qualified Persons in accordance with NI 43-101 and industry best practices.

Summary

The Potrero Project is considered prospective for further exploration within the Maricunga Belt. There has been insufficient exploration to define a mineral resource, and it is uncertain whether further exploration will result in the delineation of a mineral resource.