Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine

April 24, 2024

TORONTO, April 24, 2024 /PRNewswire/ – Mandalay Resources Corporation (“Mandalay” or the “Company”) (TSX:MND) (OTCQB: MNDJF) announced today that it has expanded the Storheden gold deposit, 600 meters (“m”) from the Björkdal mine, on-strike to over 1.6 kilometers (“km”) and at depth of approximate 200 m with high-grade gold intercepts. This press release is the first in a series of updates on our 2024 regional exploration progress at Björkdal.

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