Innovation Mining Files 2 Provisional Patents

I am pleased to report that Innovation Mining has filed 2 provisional patents for its unique non-cyanide-based formulas. The resulting Patent Pending status will provide protection and increase confidence in our novel hydrometallurgical formulas. As we commercialize our innovative precious metal recovery process, it's essential that we safeguard our intellectual property to protect our stakeholders and shareholders.

We are also pleased to report positive preliminary results of a bulk scale leach test of our patent pending solution on 550 lbs. (250 kg) of uncrushed "whole-ore" material from our Royal Vindicator Mine.

The solution successfully extracted 0.88 PPM of gold into solution in the first 19 days. This confirms the scalability and stability of the formula, and its ability to deliver positive gold recoveries and leach kinetics on larger run-of-mine (ROM) material.The total cost of chemicals/ingredients added to the test vat, when recalculated on a per tonne of treated ore basis, is estimated at $4.26. This one-time cost estimate is comparable to the cost per tonne of ore treated using conventional cyanide. This cost estimate also only assumes a one-time use and does not account for any residual chemistry left in solution. The gold bearing solution tested positive for residual chemistry and its ability to leach additional material.

Currently several bulk pilot-scale tests are underway and a series of full-scale 100 tonne vat/heap leach tests will be performed on-site at the Company's flagship operational gold mine in Georgia in June/July 2024

The Company is fully funded and well positioned in this sector with a producing gold mine, a proven and experienced executive team, and offers the tremendous valuation upside of a promising new, low-cost alternative to cyanide.

Should you have any questions or comments, or would like more information on becoming a shareholder, please don't hesitate to contact us, or visit our website for more details.

Regards,

Duane Nelson

President & CEO

Innovation Mining Inc.