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Almadex Provides Update on Exploration and Royalty Portfolio

Almadex Provides Update on Exploration and Royalty Portfolio
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Investegate |Mineral & Financial Announcements | Mineral & Financial: Board Addition and Management Changes

Board Addition and Management Changes   George Town, Cayman Islands - 10 February 2021 - Mineral and Financial Investments Limited (LSE-AIM: MAFL) ( M&FI , MAFL or the Company ) is very pleased to announce the addition of Mark T. Brown, B. Comm. CPA, CA, as an independent member of the Board of Directors. Mr. Brown will assume the role of Chairman. Jacques Vaillancourt will assume the role of President, Chief Executive Officer and director of the Company. Jacques Vaillancourt noted that Mr. Brown s financial and mining experience, as well as his active roles as a senior director of numerous public companies, make him a great fit for the M&FI Board and we look forward to working with him. Moreover, his addition as an independent director will further strengthen the Board s independence in governance.

Azucar hits 65 50 metres of 0 39 g/t Au and 0 22% Cu at the Porvenir Zone, El Cobre Project, Mexico

  And 242.50 to 268.00m, 25.50 metres @ 0.52 g/t gold and 0.30% copper J. Duane Poliquin, Chairman of Azucar commented, “With the announcement of the initial resource at the Norte target in September last year, our exploration focus is now two-fold; to better understand other near surface zones of mineralisation, such as Porvenir, and to continue our search for additional porphyry centres at the project.” About the El Cobre Project To date, Azucar has discovered five copper-gold porphyry zones within the El Cobre Project along an approximately 5km trend, stretching from Norte down to Encinal in the southeast (Figure 1). These zones are defined by distinct Cu-Au soil anomalies, discrete, positive magnetic features, a large IP chargeability anomaly, and drilling. A summary of the various zones is provided below.

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