Soma Gold Corp. (TSX-V: SOMA) (WKN: A2P4DU) (OTC: SMAGF) is pleased to announce that the Company produced 3,035 AuEq ounces and sold 3,139 AuEq ounces of gold during the month of May. Gold recovery for the month was 88.0%. The trend of improving gold recovery rates continues, with a progression from 86.7% in 2021, 87.2% in 2022, to the current year-to-date rate of 88.6% in 2023.

Javier Cordova, Soma’s President and CEO, states, “The Cordero Mine is operating according to the planned production schedule while maintaining development work one year ahead of mining activities. We are also making good progress on our objective of improving recovery by increasing the rate at the mill by nearly 2% during the past two years. We have committed to an ongoing program that aims to achieve a recovery rate exceeding 90% by the end of 2024. Improving recovery generates a considerable return to the bottom line. The enhancements made over the past year are projected to contribute approximately 700 additional ounces of total gold production in 2023, all achieved at a negligible incremental cost.”

ABOUT SOMA GOLD

Soma Gold Corp. is a mining company focused on gold production and exploration. The Company owns two adjacent mining properties in Antioquia, Colombia with a combined milling capacity of 675 tpd. (Permitted for 1,400 tpd). The El Bagre Mill is currently operating and producing. Internally generated funds are being used to finance a regional exploration program.

The Company also owns an exploration property near Tucuma, Para State, Brazil that is currently under option to Ero Copper Corp.