Mandalay Resources Provides Target Release Date for its Second Quarter 2024 Financial Results and Conference Call

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A replay of the conference call will be available until 11:59 PM (Toronto time), August 15, 2024, and can be accessed using the following dial-in numbers:

About Mandalay Resources Corporation:

Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Björkdal gold mine). The Company is focused on growing its production and reducing costs to generate significant positive cashflow. Mandalay is committed to operating safely and in an environmentally responsible manner, while developing a high level of community and employee engagement.

Mandalay's mission is to create shareholder value through the profitable operation and regional exploration programs, at both its Costerfield and Björkdal mines. Currently, the Company's main objectives are to continue mining the high-grade Youle and Shepherd veins at Costerfield, and to extend Mineral Reserves. At Björkdal, the Company will aim to increase production from the Eastern Extension area and other higher-grade areas in the coming years, in order to maximize profit margins from the mine.

For Further Information: Frazer Bourchier, Director, President and Chief Executive Officer, Edison Nguyen, Director, Business Valuations and IR, Contact: (647) 258 9722

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