TORONTO, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Fredonia Mining Inc. (“ Fredonia ” or the “ Company ”) (TSXV:FRED) announces that it has filed a technical report for its wholly-owned El Dorado Monserrat (“EDM”) Gold & Silver Project, Santa Cruz province, Argentina (the " Technical Report ") pursuant to National Instrument 43-101 "Standards of Disclosure for Mineral Projects" (" NI 43-101 ").

The Technical Report supports the disclosure made by the Company in its November 11, 2024 news release announcing the Maiden Mineral Resource Estimate at El Dorado Monserrat Project, Argentina. The Technical Report is titled “Maiden Mineral Resources Estimate on the El Dorado Monserrat Property, Gold and Silver Project Santa Cruz Province, Argentina” with an effective date of November 8, 2024, and was prepared by Mr. Mario Alfaro Cortés, Qualified Person (QP) as defined by Canadian National Instrument 43-101, Chilean Mining Commission; and Mr.

Ganem Fernando, Qualified Person (QP) as defined by Canadian National Instrument 43-101, member of the American Institute of Professional Geologists. Estanislao Auriemma, CEO stated: “With the filing of the technical report and maiden mineral resource estimate for the North and South deposit, we are planning a new phase of diamond drilling to expand the high-grade gold and silver resources and then move the Project through a Pre- Feasibility study. As the maiden mineral resource estimate covers only a fraction of the Project, we belie.