TSX-V: MSR

TORONTO, Nov. 27, 2023 /CNW/ - Minsud Resources Corp. (TSXV: MSR) ("Minsud" or the "Company") is pleased to announce that, further to the Company's press release dated April 13, 2023, Minsud Argentina Inc. ("MAI"), a wholly owned subsidiary of the Company, has exercised its Cash-In Option (as described below) relating to South32 Aluminium (Holdings) Pty Ltd.'s ("South32") earn-in right to acquire a 50.1% ownership interest (the "Earn-In Right") in Minera Sud Argentina S.A. ("MSA"), Minsud's indirect Argentinian subsidiary that holds and operates the flagship Chita Valley Project. The Earn-In Right, granted by the earn-in agreement between South32 and Minsud dated November 1, 2019, as amended (the "Earn-In Agreement"), was exercised by South32 on April 13, 2023 and the acquisition of South32's 50.1% ownership interest in MSA is expected to be completed on or around February 14, 2024 ("Completion").