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News Release -  December 3, 2021 7:11 PM ET    - Editorial Release

Lucky Minerals to Present at Virtual Investor Day, Trench T-14 Averages 8.02 G/T Gold Across 9 Metres

● The trenches Lucky has dug are the equivalent of a horizontal (surface) drill hole as they are done with a rock saw that goes down ~8 cm and is systematically sampled (unbiased, not cherry-picked grab samples), the volume that is being sampled is in the 10s of kilos and is representative.

● Lucky Minerals is currently tracking multiple feeder zones at surface, and is gearing-up for maiden drill program in January.

NEW YORK, NY, December 3, 2021 /Sector Newswire/ -- Lucky Minerals Inc. (TSX-V: LKY) (US Listing: LKMNF) (Frankfurt: LKY) this week announced that the Company will be presenting at Virtual Investor Day V ("VID V") sponsored by Laurentian Bank Securities. Mr. Francois Perron, President and CEO will provide an in-depth update on the Company at 5:00 PM ET, Tuesday, December 7, 2021. Featured companies of VID-V have 30 minutes to outline their investment opportunity, while stakeholders and the audience will be invited to engage via live commentary, direct Q&A with management, polls, and other interactive tools during the presentation.
 
Please register for the Lucky Minerals Presentation by clicking the link below:
https://www.bigmarker.com/vid-conferences/VID-V-Feature-Company-23

Also this week Lucky Minerals announced that the Company will be participating in Renmark Financial Communications Inc.’s live Virtual Non-Deal Roadshow Series to discuss the latest investor presentation on Monday, December 6, 2021 at 12:00 PM CST and Wednesday, December 8th at 1:00 PM PST. For details on this please see "LUCKY MINERALS INC. TO PARTICIPATE IN RENMARK’S VIRTUAL NON-DEAL ROADSHOW SERIES ON DECEMBER 6th & DECEMBER 8 th, 2021".

This weeks news falls on the heels of news (on November 18, 2021) that Lucky Minerals has received sample assay results from its ongoing work at the Wayka epithermal gold discovery at its 100% owned Fortuna Property (“Fortuna”) in southern Ecuador -- excerpt copy of this release may be viewed further below.

Lucky Minerals is also the subject of a Mining MarketWatch Journal review, full copy of which may be viewed at https://miningmarketwatch.net/lky.htm online.

Below is copy of Lucky's November 18, 2021 news release, followed by excerpt copy of the recent Mining Journal article.

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Excerpt copy of Lucky Minerals November 18, 2021 news release:

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Excerpt from recent Mining MarketWatch Journal:

Valuation Commentary: Lucky Minerals Inc. (TSX-V: LKY) (US Listing: LKMNF) (Frankfurt: LKY) has several new gold discoveries at its 100%-owned royalty-free 550km2 (55,000 Ha, or 136,000 Acres) Fortuna Project in Ecuador, located in prolific mineral belts ~40km from Lundin Gold's Fruta del Norte (9.48 M oz Au I+Inf) deposit and the Mirador (2.7 M oz Au and 5.9 B lbs Cu M+I) deposit. Within the last few months Lucky's geological team has discovered an entirely new gold trend, the Shincata Gold Trend, which extends across the NW Fortuna concessions for ~22 km, in an area of multiple volcanic centers. Lucky's geological team is actively exploring on ground with all the ingredients for extensive gold potential; on July 12, 2021 announced  "Lucky Minerals Systematic Sampling of Outcrop Averages 3.06 g/T Gold over 4.0 m at Wayka" (T1 results), and July 30, 2021 "Lucky Minerals Samples 8.08 g/t Gold Across 7.0 m Including 17.63 g/T Gold Across 3.0 m at Wayka" (T6 results) -- In-short, Lucky Minerals has tapped into a high-sulfidation epithermal gold system that has shown economic levels of mineralization at surface, this type of deposit tends to be a disseminated body that can scale up quickly. The geological team is tracking multiple feeder zones at surface (T1 & T6 are 700m apart), how far this carries is being investigated now; there are teams in the field bringing back new information from material exposed at surface. Results from 14 trenches have been announced to date at the Wayka Zone. BREAKING NEWS November 18, 2021: Trench T-14 Averages 8.02 g/t Gold Across 9 Metres at Wayka -- those are some very strong numbers. In the November 18, 2021 news release François Perron President and CEO states “The current trenching effort is in preparation for the upcoming drilling program and is focused on providing structural information about mineralized trends that have been exposed. We are finding mineralized trends that appear to be parallel. More information is required on these structures so that the drilling strategy can be adjusted based on this information in combination with the mag geophysics and soil sampling that is currently being done. Trench T-14 confirmed the orientation of one of these trends. Once we extend trench T-14 to the southeast we will have a better understanding of the orientation of the southernmost mineralized trend in trench T-6. In a similar fashion, trench T-15 will potentially confirm the orientation of the northern most structure. We are extremely excited to be targeting the start of our drilling program in the beginning of the new year.”

A maiden drill program of ~3,000 m is expected to begin in January 2022: The purpose of all these trenches now is to get information for the main event, which is drilling. A steady flow of trench results and soil samples are expected over the coming month, the results, coupled with new geophysics, will allow the structural geologist to optimize drill targets -- based on the strength of the system at surface the risk-reward metrics are good for people establishing a long position in LKY.V now. The trenches Lucky has dug are the equivalent (from a 43-101 perspective) of a horizontal (surface) drill hole as they are done with a rock saw that goes down ~8 cm and is systematically sampled (unbiased, not cherry-picked grab samples), the volume that is being sampled is in the 10s of kilos and is representative.

We urge readers to put Lucky Minerals on their watch-list, consider establishing a long position, and subscribe to the Company's mailing list for timely updates.

Figure 1a. (above) - Lucky Mineral's 55,000 hectares twelve Fortuna concessions (labelled Fortuna 1 thru 12) map with Shincata Gold Trend area annotated in red. Inset location map of Ecuador, and inset details of Wayka breccia zone (Feeder) Sampling, related systematic 1 m interval sample values, and view of trench in Wayka. Volcanic domes are dotted throughout and around Lucky Mineral's Fortuna project. The size of the deposits in the Andes can be really big, Lucky is seeing the type of signature one sees at the likes of Yanacocha (Peru), Loma Larga (Ecuador) & El Indio (Chile). The Wayka discovery did not exist in February, this is brand-new -- Lucky has already found a large signature at surface, it is believed the system can carry, and its just a matter of filling in the blank.

The Shincata Gold Trend was named by Lucky after the Shincata River (and basin) which runs through Lucky's property. The river basin has numerous historical workings (documented for 300+ years, likely active since Inca times), and currently hosts local artisanal alluvial and placer gold mining. Prior to Lucky's geological team, no one has found gold on the concessions outside the river area, it was unexplored prime virgin ground; Lucky's Fortuna concessions were acquired in 2018 from a private company that essentially sat on coveted prime ground for close to two decades as major discoveries were made surrounding it. The project is ripe for discovery of significance having received (prior to Lucky) no modern exploration or drilling.

Lucky Minerals is on to a potential world-class discovery at its Wayka Gold Discovery Zone

• Wayka is a high sulphidation epithermal gold system (examples of such deposits that are world-class: Yanacocha, Pierina, Pueblo Viejo).
   

• Trenching has confirmed a large system is mineralized with gold between trenches T1 and T6 (700m apart), and T12 is ~ 1.4 km from T1.
   

• High temperature alteration footprint (advanced argilic – blue elipse on map below) more than 1.5 km by 1.0 km and still open in three directions. It is generally the area where most gold mineralization is localized in these type deposits.

Figure 1b. (above) -- Trench T6: Samples across 7m averaged 8.08 g/t gold, including 3m at 17.63 g/t Gold and is 700m from T1.

Figure 1c. (above) -- Size Matters, Alteration Size Comparison of some world class high sulphidation epithermal gold systems. Considering Lucky has a high temperature alteration footprint more than 1.5 km by 1.0 km and still open in three directions, excitement runs high as the Company plans a maiden drill program.
 
The Fortuna Gold Project lays within a tertiary volcanic belt that trends NE-SW through the property, these are volcanics which are known to hosts major epithermal gold deposits, similar trending structures intersect neighboring Fruta del Notre, Mirador, Loma Larga, El Mozo and others. Satellite imagery confirms what is understood to be a collapsed caldera proximal to the discoveries Lucky is now making.

In a stable mining-friendly jurisdiction, ripe with prolific supra regional structures that provide great potential for mineralization:

Figure 2. (above) - Ecuador maps, left; listing major mining companies active in country, right; showing major structures & faults, major deposits, and location of Fortuna Project.

Lucky's Fortuna concessions are located in a strategic land position, within 80 km from numerous gold and copper deposits: Lundin Gold – Fruta Del Norte- M&I 4.82M oz Au, 6.33 M oz Ag Lumina Gold – Cangrejos Deposit – Ind. 8.91 M oz Au,10.57 M oz Ag, .12% Cu Solaris Resources - Warintza – Presently conducting 40,000 M drill program. Based on historic drilling - 124 MT Inferred 0.70% CuEq2 (0.56% Cu, 0.03% Mo and 0.06 g/t Au) Dundee Precious Metals Inc. - Loma Larga Deposit - M&I 2.91 Million oz Au, 19.22 M oz Ag, .22% Cu Enami - EP – Gaby-Papa Grande- Ind. 6.98 M oz Au, .09% Cu EcuaCorriente – El Mirador- M&I 2.81 M oz Au, 21.11 M oz Ag, .61% Cu Ag     Figure 3. (right) - Map of Lucky Minerals' Fortuna concessions in relation to other area miners [click image to enlarge as a readable PDF].

Federal elections in Ecuador earlier this year saw the election of a business-friendly administration that ran on a pro-mining & pro-sustainability platform. Ecuador is characterized by a positive geopolitical environment and has new tax regulatory reforms that have enhanced investment. Since 2015, 28+ internationally renowned mining companies, including BHP Billiton, FMG, Anglo, Newcrest and Codelco, have established entities in Ecuador (spending $billions on exploration and construction costs). If there is any question about whether Ecuador is open for mining business -- the question was answered by two nearby world-class mines coming to production recently; Lundin Gold's Fruta del Norte Gold Project came into commercial production in February 2020, and Mirador Copper-Gold Project started production this July-2021 (owned and operated by Ecuacorriente, a subsidiary of state-owned Chinese consortium CRCC-Tongguan). Locally, the community is supportive of Lucky Minerals exploration efforts -- Lucky Minerals is proactive in ensuring smooth relationships with people that live in the area; hiring locally, trying to do the best for the communities, and trying to have a positive impact.

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