Cosigo Resources Ltd. Update on the AMECA BVI Mining Joint Venture on the Damian Property NEX: CSG:H

NEX: CSG:H

VICTORIA, July 28, 2022 – Cosigo Resources Ltd. (“Cosigo”) and AMECA Mining BVI (“AMECA”) had initially planned on working together starting in October of 2020 to commence further gold exploration activities on the Damian property. AMECA would earn up to 80% of the JV by spending CAD$1.5 million over two years. Cosigo would also retain a 3% NSR with a buyout of CAD$1 million. However, the pandemic delayed any activities from being initiated and to date, no exploration work has been done with respect to this agreement. Cosigo is eager to resume talks in the next three months to finalize a new agreement and extend any terms as needed in order to renew activities.

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 of the adequacy or accuracy of this release.

On behalf of the Board of Directors Cosigo Resources Ltd.

Andy Rendle Director & COO