Volcanic Gold provides update on activities in Guatemala News Release Shares issued 45,551,210 VG close - C$0.235 W|C $6.5 million cash Vancouver, British Columbia – TheNewswire – September 1, 2022 - Volcanic Gold Mines Inc. (TSXV:VG) (“Volcanic” or “the Company”) is pleased to provide an update on the Company’s activities in Guatemala. “During the summer of 2022, Volcanic delivered our first inferred mineral resource estimate of over 400,000 ounces gold equivalent*,” stated Simon Ridgway, President CEO of Volcanic Gold Mines Inc. “Reporting the resource estimate for the discovery at the Holly property was important to show the community in Guatemala that we are developing a viable resource that will lead to a positive economic influence on the area and offer well paying, much needed employment for members of the community. We look forward to advancing our projects in Guatemala and being a positive influence toward creating wealth and strong employment opportunities in the coming years,” continued Mr. Ridgway. Holly Property The Company filed on SEDAR an NI 43-101 technical report (see news release July 27, 2022 ) in support of the previously announced maiden Inferred Mineral Resource Estimate for the Holly property, Guatemala (see news release June 9, 2022 ).