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Durango Intersects 93M of Pegmatite at Nmx East Lithium Property

Drill Results

113437972

DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB

DURANGO INTERSECTS 93M OF PEGMATITE AT NMX EAST LITHIUM PROPERTY

Vancouver, BC / TheNewswire / November 15, 2023 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1)

(OTCQB -ATOXF), (the “Company” or “Durango”) is pleased to announce that further to the news of Octob er 23,

2023, the planned 800m inaugural drill program on the NMX East lithium property is complete.

The drilling wa s completed on one of the dykes on its wholly owned NMX East Property located in the Eeyou -

Istchee James Bay region of Québec adjacent to the Whabouchi lithium deposit . The program was designed to

test for LCT pegmatites and was concentrated to a small area to test the extent of pegmatite below surface in

one suspected dyke to try to determine the size and composition below surface. Four drill holes were conducted

on the initial test dyke totaling 810m of drilling and pegmatite was encountered in each of the holes.

Hole 1 was drilled to 207m drill depth and intersected pegmatite at drill depths of 34m-34.5m, and again at 84m-

94m, 98m-117.5m, 139m-139.5m, and 143m-144m.

Hole 2 was drilled to a depth of 300m and intersected pegmatite at a depth of 216m-217m, and 227m-235m,

261m-283.5m, 293m-296.5m returned intermittent pegmatite with country rock.

A 1cm sized pale-green crystal of beryl, Be3Al2(Si6O18), at a depth of 231m downhole from Hole #2 can be seen in

the photo below. Beryl is a gemstone with several industrial applications and is a commercial source of beryllium.

https://www.durangoresourcesinc.com/_resources/news/nr-20231115-fig1.jpg

Hole 3 encountered pegmatite beginning at 10m downhole and continued through to a downhole drill depth of

103m totaling 93m (305 feet) of consecutive pegmatite . At 106.5m to 150.5m (in the same hole) t he pegmatite

returned and was interbedded with country rock for a consecutive 44m (144 feet) . The hole finished at a drill

depth of 201m.

PO Box 31880

Richmond, BC, V7E 0B5, Canada

tel: 604.428.2900

[email protected]

www.durangoresourcesinc.com

113437972

DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB

Hole 4 intersected pegmatite at downhole depth of 7m from surface and continued to 26.5m for a consecutive

19.5m (~64 feet). The hole was stopped at 102m which marked the completion of the planned drill test program

on the selected portion of one of the dykes running parallel to the Whabouchi deposit.

Marcy Kiesman, CEO of Durango stated, “ We are thrilled to have met our objectives of proving pegmatite exists

on the property, and that it continues below surface with significant size. Given our proximity to the Whabouchi

deposit and our previous grab sampling at surface assaying 320ppm lithium, we look forward to the results of our

newly discovered 305 feet near surface intersection.”

Durango would like to thank Chibougamau Diamond Drilling and Innukopteres for providing us with a quick and

professional drill program which allowed our exploration crew on site to conduct further geological mapping of

the NMX East while drilling was underway.

Additional updates will be announced as soon as they become available on the exploration program. The drill

core has been logged and processed and 242 drill core samples are enroute to Activation Laboratories Ltd. in

Ancaster, Ontario to undergo assay analysis 8REE + 8 peroxide ICP-Li.

Melanie Mackay P.Geo is the Qualified Person for Durango and approves the technical content of this news

release.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The

Company is also positioned for discovery with a 100% interest in a strategically located group of properties in the

Windfall Lake and Troilus gold camps in the Abitibi region of Québec, Canada.

For further information on Durango, please refer to its SEDAR profile at www.sedarplus.com.

Marcy Kiesman, CEO

Telephone: 604.428.2900 or 604.339.2243

Email: [email protected]

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This news release contains “forward -looking information or statements” within the meaning of applicable

securities laws, which may include, without limitation, statements that address the upcoming work programs,

and other statements relating to the business, financial and technical prospects of the Company. All statements

in this news release, other than statements of historical facts, that address events or developments that the

Company expects to occur, are forward -looking statements. Although the Company believes the expectations

expressed in such forward -looking statements are based on reasonable assumptions, such statements are not

guarantees of future performance and actual results may differ materially from those in the forward -looking

statements.

Such statements and information are based on numerous assumptions regarding present and future business

strategies and the environment in which the Company will operate in the future, including the price of minerals ,

the ability to achieve its goals, the COVID -19 pandemic, that general business and economic conditions will not

change in a material adverse manner, that financing will be available if and when needed and on reasonable

terms. Such forward -looking information reflects the Company’s views with respect to future events and is

subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR

at www.sedar.com. Factors that could cause actual results to differ materially from those in forward looking

statements include, but are not limited to, continued availability of capital and financing and general economic,

market or business conditions. The Company does not undertake to update forward -looking statements or

forward-looking information, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.