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Hispania Resources Inc
Symbol ESPN
Shares Issued 100,170,779
Close 2026-05-08 C$ 0.08
Market Cap C$ 8,013,662
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Hispania completes first drilling program at Lumbrales

2026-05-08 16:27 ET - News Release

Mr. Norman Brewster reports

HISPANIA RESOURCES INC. COMPLETES FIRST DRILLING PROGRAM AT LUMBRALES PROPERTY

Hispania Resources Inc. recently completed its first drilling program at its past-producing Lumbrales property. This program has investigated portions of the longitudinal section created at the end-of-life mining operation Mari Tere mine which was in operation during 1984 to 1986.

The L1-01 hole successfully intersected meaningful sections of the North vein system with sections of cassiterite, mineralized, being returned over 5.45 metres. Samples were obtained and they have been delivered to ALS in Seville for processing.

Borehole L1-02 has revealed both the North vein, consisting of veins and minor veins, and the South vein, which was well intersected between 197.60 and 213.50 metres. The South vein shows cassiterite mineralization in the vein walls, with several narrow lateral veins and a central vein over one metre thick. "We are excited to initiate drilling work at Lumbrales. Given that this was a past-producing mine, and is proximal to the producing open pit Barruecopardo mine in Salamanca, Spain, we are keen to both explore these areas, as well as look at new areas on the property next," commented Norm Brewster, chief executive officer.

The company will next look to drilling work at the Puebla de la Reina property in Extremadura where it expects to drill into the mineralized feature located on the property to confirm the mineralization intersected during the 2000 drill program. Results at the time indicated the presence of 500,000 tonnes at a grade of 11 per cent Zn (zinc) and 1.75 per cent Cu (copper). Geophysical work completed by Hispania showed the presence of a second anomalous zone located along strike northwest of the mineralized zone outlined in 2000. Geophysical surveys were completed by Geoterex Sh.

About Hispania Resources Inc.

Hispania Resources is a mineral exploration company focused on mining opportunities in Spain. Hispania is currently focused on developing three core assets across Spain, including the copper, zinc project Otero; the formerly producing tin project Lumbrales; and the copper, zinc Puebla de la Reina project. The management of Hispania contains industry veterans who have more than 120 years of mineral exploration and production experience in multiple jurisdictions and have successfully managed multiple international mining companies. This includes in Spain, where some of the team was responsible for the founding and building of Iberian Minerals with the continued support of the local and regional governments, including the well-developed and sophisticated transportation and mining infrastructure.

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