LOS CERROS LIMITED(LCL)

name changed to LCL Resources Limited

The suspension of trading in the securities of Los Cerros Limited will be lifted immediately following the release by LCL of an announcement regarding the outcome of a material corporate transaction.

The acquisition of private company, Footprint Resources Pty Ltd, includes multiple copper, gold and nickel targets in Papua New Guinea proximal to existing Tier-1 deposits. The acquisition extends the Company's exposure to nickel and copper (as well as gold), both critical metals in the EV battery sector. Creates new exploration focusses for the Company, on top of the ongoing development of the Colombian Quinchia Project. Footprint principals to join Los Cerros to drive PNG projects - ensures continuity of project and country knowledge. Exploration programs commencing on two of the five Footprint projects with new geological models as targets. PNG exploration to focus on high grade discovery and aim to attract JV partners to advance multiple gold-copper porphyry targets in PNG and Colombia. Colombian work continues on high-level investigations of potential production scenarios ahead of a Preliminary Economic Assessment of the 2.6Moz Quinchia Project. The Company held over $11M cash at 30 September 2022.

The securities of Los Cerros Limited ("˜LCL') will be suspended from quotation immediately under Listing Rule 17.2, at the request of LCL, pending the release of an announcement in relation to the outcome of a material corporate transaction.

name changed from Metminco Limited