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Luca Mining Corp Announces Attendance at Metal Investors Forum

Corporate Updates

Luca Mining Corp.

1000 – 1111 Melville Street

Vancouver, BC, V6E 3V6, Canada

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Luca Mining Corp Announces Attendance at

Metal Investors Forum

Vancouver, British Columbia, May 23, 2023

Luca Mining Corp. (“Luca” or the “Company” formerly Altaley Mining Corporation) (TSX-V: LUCA; OTCQX:

LUCMF; Frankfurt: TSGA) is pleased to announce its attendance at the Metals Investor Forum which will

take place at the Rosewood Hotel Georgia in downtown Vancouver on May 26th and 27th. Luca Mining

CEO, Mike Struthers will be presenting live at the event at 11:30am on Friday, May 26 th, as part of Eric

Coffin’s session and welcomes all existing and interested investors to attend. For more information click

<here>.

Be sure to visit our booth for firsthand updates from our CEO and new President, Ramon Perez.

About the Metal Investors Forum

The Metals Investor Forum was founded with two main principles in mind: Selectivity and Quality.

The Metals Investor Forum offers you the chance to connect with the management teams of some of

the top companies in the industry. Each company is selected by one of our newsletter writers to ensure

that all our exhibitors are high caliber. Our speakers, exhibitors, and attendees are all carefully selected to

ensure that our serious investors receive expert advice and meet with the highest quality companies.

Our newsletter writers’ expertise and due diligence goes into every recommendation: they vet the

management, project, commodity, jurisdiction, and financials.

The Metals Investor Forum provides precisely that opportunity. Short presentations and plenty of

opportunities to talk to management provide the perfect balance between time listening, and time

talking. Learn the latest from the companies you already follow because of your connection to our

experts and learn which companies they are excited about.

About Luca Mining Corp.

Luca Mining Corp. is a Canadian based mining company with two 100% owned Mexican gold, silver, and

base metal mining projects.

Luca’s Tahuehueto Gold Mine Project is in north-western Durango State, Mexico where construction of

an initial 500 tonnes per day (“tpd”) operation is well advanced. Commercial production, the 1,000 tpd

project, will follow immediately after commissioning the initial stage. The operation is generating gold,

silver, lead, and zinc in concentrates.

Campo Morado is an operating polymetallic base and precious metals mine currently producing at an

average of 2,400 tpd, generating zinc and copper concentrates with significant precious metals credits.

On Behalf of the Board of Directors

(signed) “Mike Struthers”

Luca Mining Corp.

1000 – 1111 Melville Street

Vancouver, BC, V6E 3V6, Canada

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Mike Struthers,

CEO and Director

Cautionary Note Regarding Production Decisions and Forward-Looking Statements

It should be noted that Luca (then Altaley Mining Corporation) declared commercial production at Campo Morado

and elected to initiate construction to go into production at Tahuehueto prior to completing full feasibility studies

demonstrating economic and technical viability. Accordingly, readers should be cautioned that Luca’s production

decisions have been made without comprehensive feasibility studies of established reserves at Campo Morado and

prefeasibility level reserves at Tahuehueto, such that there is greater risk and uncertainty as to future economic results

from the Campo Morado mine and at Tahuehueto mine where reserves are established to the prefeasibility level of

confidence and therefore a higher technical risk of failure than would be the case if full feasibility studies were

completed and relied upon to make production decisions. Luca has completed a preliminary economic assessment

(“PEA”) mining study on the Campo Morado mine and a prefeasibility study (‘PFS”) at Tahuehueto mine that provides

a conceptual life of mine plan and a preliminary economic analysis based on the previously identified mineral resources

(see News Release dated November 8, 2017, April 4, 2018, and April 25, 2022).

Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-

looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities

laws. Forward-Looking Information includes but is not limited to conditions or financial performance that are based on

assumptions about future economic conditions and courses of action; the timing and costs of future activities on the

Company's properties, such as production rates and increases; success of exploration, development and bulk sample

processing activities, and timing for processing at its own mineral processing facility on the Tahuehueto project site. In

certain cases, Forward-Looking Information can be identified using words and phrases such as "plans," "expects,"

"scheduled," "estimates," "forecasts," "intends," "anticipates" or variations of such words and phrases. In preparing the

Forward-Looking Information in this news release, the Company has applied several material assumptions, including,

but not limited to, that the current exploration, development, environmental and other objectives concerning the

Campo Morado Mine and the Tahuehueto Project can be achieved: the continuity of the price of gold and other metals,

economic and political conditions, and operations. Forward-Looking Information involves known and unknown risks,

uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to

be materially different from any future results, performance or achievements expressed or implied by the Forward-

Looking Information. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual

results and future events could differ materially from those anticipated in such statements. Accordingly, readers should

not place undue reliance on Forward-Looking Information. Except as required by law, the Company does not assume

any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect

events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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.

For further information about Altaley Mining Corporation, please contact:

Glen Sandwell

Corporate Communications Manager

[email protected]

Tel: +1 (604) 684-8071