C3 Metals Discovers High Grade Copper - Silver at Arthurs Seat, Jamaica

2022-06-04 01:11:18 By : Mr. Jordan Dai

C3 Metals Inc. (TSXV: CCCM) ("C3 Metals" or the "Company") is pleased to report surface reconnaissance results from mapping and sampling at the Arthurs Seat Project in Jamaica (Figure 1). Arthurs Seat is one of four Jamaican projects owned 100% by the Company and is located adjacent to the Company's Bellas Gate property where the Company has commenced a 5,000 metre drill program.

Exploration to date at Arthurs Seat has defined a 6.75 km2 prospective area of copper mineralized veins and breccias interpreted to represent the upper part of an underlying porphyry system. Magnetics, mapping and detailed prospecting are continuing.

Kevin Tomlinson, President and CEO of C3 Metals commented;

"Additional to our drill program in progress at Jasperoide in Peru, we have commenced drilling the highly compelling Epidote Ridge copper-gold porphyry target within the Bellas Gate SEPL, Jamaica. Separately, our small exploration team in Jamaica is also prospecting and sampling a number of tenements that have not been explored for over 40 years. The discovery of widespread copper mineralization including some exceptional high-grade samples at Arthurs Seat is a testament to the prospectivity of our Jamaica tenement package. As the drill program at Bellas Gate progresses, we will continue surface exploration at Arthurs Seat and other high potential prospects. We look forward to providing further updates as results are received."

Figure 1: Showing location of Arthurs Seat SEPL, located atop the Crawl River Fault.

To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/2661/126207_ac29ad7aa45eb844_001full.jpg

The Arthurs Seat Special Exclusive Prospecting License ("SEPL") is situated directly over the regionally significant Crawl River Fault Zone and associated splays, a major structure controlling copper-gold mineralization in Jamaica. Mining was undertaken by the Spanish in the 16th Century and the British in the 19th Century. No modern-day exploration has been carried out within the Arthurs Seat SEPL since a reconnaissance program was conducted by Noranda Inc. in the mid 1960's. A stream/heavy mineral sampling program funded by the Canadian International Development Agency (CIDA) was completed in the 1980's.

Arthurs Seat is contiguous to our highly prospective Bellas Gate SEPL, where at least 12 porphyry prospects have been confirmed along Porphyry Alley and where the Company has commenced a 5,000-metre diamond drilling program to test a number of compelling copper-gold targets (see press release dated May 27, 2022).

The Company recently completed geological mapping and prospecting over a 10 km2 area in the eastern part of Arthurs Seat. A total of 103 rock samples were collected from mineralized intermediate sulfidation style epithermal quartz veins and breccias that cross-cut andesitic volcanic-volcaniclastic rocks and Cretaceous aged limestones of the Arthurs Seat Formation. Copper mineralization comprises primary bornite, tennantite-tetrahedrite and associated secondary copper species including native copper (Figure 2). Of the 103 samples collected, 55 assayed greater than 0.15% copper with numerous samples of both outcrop and float reporting high grades up to 13.8% copper and 492g/t silver (Figure 3, Table 1).

Table 1: Copper and silver assays for select samples collected at Arthurs Seat

Figure 2: TOP LEFT - Breccia sample (767134) containing primary copper minerals bornite and tennantite-tetrahedrite. TOP RIGHT - Porphyritic andesite (767137) cut by copper bearing tennantite-tetrahedrite veins. BOTTOM LEFT - Quartz vein with secondary copper minerals including native copper. BOTTOM RIGHT - Porphyritic rock containing secondary copper (azurite - malachite) veins. To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/2661/126207_fig2.jpg

Figure 3: Eastern area of Arthurs Seat SEPL showing locations of outcrop and float samples.

To view an enhanced version of Figure 3, please visit: https://orders.newsfilecorp.com/files/2661/126207_ac29ad7aa45eb844_006full.jpg

Geological mapping and prospecting will continue at Arthurs Seat and ridge/spur soil sampling has been initiated over the eastern SEPL area. The team is assessing the rock sample results in conjunction with new mapping to formulate plans for ground geophysics and drill testing.

Additional updates are planned as information and assays are received.

Kevin Tomlinson President & CEO +1 416 841 5122 ktomlinson@c3metals.com

C3 Metals Inc. is a junior minerals exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company's flagship project is the 57km2 Jasperoide high-grade copper-gold skarn and porphyry system located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt of southern Peru. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). C3 Metals also holds a 100% interest in five licenses covering 207km2 of highly prospective copper-gold terrain in Jamaica and a 2% royalty in Tocvan's Rogers Creek project.

Related Link: www.c3metals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Stephen Hughes, P.Geo. is Vice President Exploration and a Director for C3 Metals and is a Qualified Person as defined by National Instrument 43-101. Mr. Hughes has reviewed the technical information in this news release and approves the written disclosure contained herein.

C3 Metals adheres to a strict QA/QC protocol for handling, sampling, sample transportation and analyses. Chain-of-custody protocols are designed to ensure security of samples until their delivery at the laboratory.

Samples are analysed by 4-Acid digest ICP-MS finish for 63 elements, including pathfinder REE elements with pulps from samples reporting greater than 1.0% copper being re-assayed by the ore grade method. Gold is analysed by 30g Fire Assay AAS finish, with pulps from samples reporting greater than 5ppm re-assayed by 1kg Screen Fire Assay. The Company inserts blanks and certified reference standards in the sample sequence for quality control.

Caution Regarding Forward Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the exploration operations of the Company and the timing which could be affected by the current global COVID-19 pandemic. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.

The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/126207

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Copper is now referred to as “the new oil” and the “metal of the future” because its durability, recyclability and superior conductivity make it a valuable resource as the world transitions towards sustainability. Electric vehicles (EVs) contribute to a more sustainable future and copper is a major component in the production and use of green mobility. In the US alone, 7 million EVs will be required by 2025. As the world travels the road to sustainable energy, the demand for copper increases.

Copper prices surged in late 2020, which reached US$6,800 per MT, the best rate since June 2018. The trend has continued into 2021, with prices rising 11 percent in Q1, in line with commodities surging across the board.

C3 Metals Inc. (TSXV:CCCM,OTCQB: CUAUF) is an ambitious exploration company focused on creating shareholder wealth through the identification, acquisition, and exploration of large-scale copper-gold exploration opportunities in mining-friendly jurisdictions like Peru, which is recognized as the second-largest copper exporter in the world.

C3’s most exciting venture is their acquisition of the Jasperoide project, covering 57 square meters in the heart of ‘elephant country’ in Southern Peru. This project is located just 50km from notable copper-gold deposits like Las Bambas (1.2 BT at 0.61 percent Cu), Constancia (534 MT at 0.31 percent Cu) and Haquira (569 MT at 0.56 Cu). Additionally, past exploration results have revealed that high-grade mineralization exists at the surface, containing 14g/t gold and 18.5 percent copper in rock chips.

Preliminary drilling on the Jasperoide project has already provided good news for the company. According to a May 2021 press release, “Results from seven holes on the first drill section intersected broad zones of high-grade copper-gold mineralization within a larger low-moderate grade envelope. The drill program will now proceed to its planned 10,000m looking to expand the near-surface copper-gold footprint.”

Another advantage of the Jasperoide project is the fact that the initial infrastructure is already in place. This should simplify the logistical processes required to ramp up future production. In addition to Jasperoide, the company has 100 percent control over five mineral exploration licenses covering 207 square kilometers of highly prospective copper-gold terrain in Jamaica.

C3 Metals also operates in Jamaica, a country that is recognized as a diverse mining region that boasts unique mineralogy. Historically, Jamaica was best known as a producer of bauxite, but more recently, has seen the discovery of gold and copper porphyry occurrences. C3 Metals’ early entry into Jamaica means it should benefit from first-mover advantage and be best positioned to capitalize on these opportunities.

One of the company’s two BC copper – gold projects is under JV to Tocvan Ventures (TOC:CSE) who has the ability to earn 80% by spending on exploration and issuing shares. The other project in BC – Mackenzie – is currently available for option or sale.

C3 Metals’ management team has a proven track record of returning value to shareholders. Management brings decades of experience in mineral exploration, resource development and project management, providing the needed industry expertise to oversee complex mining projects.

C3’s flagship project is the 57 square kilometer Jasperoide project located in Southern Peru.

Considerable upside potential at Jasperoide lies in the interpreted “STACKED” skarn system with well-developed mineralogic zonation which shows garnet, diopside skarn and magnetite skarn. There is a drill-defined near-surface oxide copper zone, deeper porphyry-style mineralization and intermediate sulphidation vein overprinting. Given the large volume of skarn mineralization seen at Jasperoide, the potential for a very large copper-gold deposit similar in scale to neighboring mines is very high.

Access is by primary and secondary roads from the regional capital of Cusco. The average elevation at the Jasperoide site is 4,300m, located on a gently rolling plateau. Previous exploration has identified copper and gold mineralization in a magnetite skarn with a classic hydrothermal alteration signature of an underlying copper porphyry system.

C3 Metals Inc. controls 100 percent of five mineral exploration licenses covering 207 square kilometers of highly prospective copper-gold terrain in Jamaica.

Excellent potential at BGP (Bella’s Gate Project) exists for economically viable copper-gold deposits, with porphyry, epithermal, skarn, oxide and copper gold (IOCG) type targets.

The company has identified seven porphyry systems at the Bellas Gate Project where recent drilling has discovered a new zone with the initial drill hole intersecting 339m of 0.34 percent CuEq, including 10m of 1.79 percent CuEq.

New mineral exploration and development is welcome and encouraged by the Jamaican Government. The country has a long history of mining, beginning with the Spanish in the 16th Century, continuing with the British in the 19th Century, and today the modern bauxite industry is still thriving.

Mineral extraction in Jamaica is a very large contributor to the country’s GDP. British-based law, Canadian banking institutions, good infrastructure, and ready access to deep water shipping ports all contribute to a beneficial mining environment.

Kevin Tomlinson is a Canadian/Australian Structural Geologist and Investment Banker with over 35 years of experience in the exploration, development and financing of mining projects globally, and particularly in the North American, Australasian and European capital markets. Kevin’s diverse career commenced with 15 years in technical and senior exploration management roles predominantly at Plutonic Resources followed by several years as the Managing Director and CEO of ASX listed junior Austminex, and as Head of Research for Hartleys stockbroking in Australia.

For the past 20 years, Mr. Tomlinson has been an effective Resources Investment Banker, M&A advisor and Company Director for some of the most successful junior exploration and development companies globally including Centamin Plc, Orbis Gold, Medusa Mining, Cardinal Resources and Bellevue Gold.

John McNeice is a Chartered Professional Accountant registered in Ontario, Canada. Mr. McNeice provides financial consulting and chief financial officer services to emerging private and junior public companies. Presently Mr. McNeice is also CFO of Gold79 Mines Ltd. (TSX-V: AUU) and Northern Graphite Corp. (TSX-V: NGC) where he is responsible for financial and regulatory reporting as well as day-to-day financial management.

From September 2005 to May 2007, Mr. McNeice was Chief Financial Officer of Ur-Energy Inc. (TSX: URE), a uranium exploration and development company. He was a key member of the management team completing the initial public offering on the Toronto Stock Exchange. During Mr. McNeice’s tenure, Ur-Energy raised an aggregate of $150 million in a series of private placements, the IPO and several secondary financings which funded the development and eventual production of uranium at the Lost Creek Project in Wyoming, USA.

Mr. Hughes is an economic geologist with over 20 years of technical and management experience covering exploration, development and mine geology. Specializing in porphyry copper-gold, skarn and epithermal systems has led to the discovery-delineation and development of more than 2 billion tonnes of copper-gold resources in the Asia-Pacific region since 1999. Steve’s experience includes 12 years with PT Freeport Indonesia at the giant Grasberg mine, both in the open pit and as manager of the underground mine geology and exploration groups and 14 years as Exploration Manager – Indonesia for Oxiana Limited and VP – Exploration for Tigers Realm/Asiamet Resources where his roles have focused on managing the acquisition, exploration and development of Company making Cu-Au opportunities.

Recent successes include the acquisition and development of the Beutong porphyry Cu-Au deposit, as well as the discovery and development of the BKM copper and BKZ polymetallic deposits in Indonesia, all of which are currently being advanced through resource delineation and/or feasibility studies.

Mr. Rowlands has over 25 years of experience in mining finance. He is the former managing director of First Marathon Securities (London) and former Head of Sales for Gordon Capital (NYC). Since 1999, Mr. Rowlands has held several senior finance positions, including with Yorkton Securities, Westwind Partners, Jennings Capital and PowerOne Capital Markets Ltd.

Mr. Rowlands has been an active investor and founding shareholder in several mining ventures, notably Auryx Gold, which was acquired by B2Gold for its Otjikoto project in Namibia in 2011. He is currently Vice-President, Investor Relations and Corporate Development for Cardinal Resources Inc. (TSX: CDV).

Mr. Ackert began his career as a regional geologist with St. Joe Minerals, Bond Gold Canada and LAC Minerals in the 1980s. In 1990 he became a mine geologist at LAC Minerals’ Golden Patricia Mine (Barrick Gold Corp after 1994) where he specialized in production and exploration. In 1996 he was appointed VP Exploration for Orezone Resources Inc. focusing on West Africa and was subsequently named VP Technical Services in 2005.

During his time at Orezone, its market cap increased from $2M to over $300M due to resource development of various projects in West Africa including Essakane, Sega and Bondigui in Burkina Faso. Since 2007, Mr. Ackert has been the sole principal of JSA International Geoconsulting and since early 2008 a Director of Advance Gold Corp.

Mr. Irwin is a principal of Irwin Lowy LLP, a Toronto-based law firm specializing in Corporate and Securities Law. Between 2004 and 2006, he was associated with Wildeboer Dellelce LLP. From 1998 to 2004, he was associated initially with Boyle & Company and subsequently with Power Budd LLP. Presently Mr. Irwin is a director and/or officer of several public companies. Mr. Irwin was Corporate Secretary for Kinbauri Gold Corp. from 2004-2009.

Mr. Irwin received his Bachelor of Arts from Bishop’s University in Lennoxville, Quebec in 1990 and his Bachelor of Laws from the University of New Brunswick in Fredericton, New Brunswick in 1994. He has been a member of the Law Society of Upper Canada since 1996.

 C3 Metals Inc. (TSXV: CCCM) ("C3 Metals" or the "Company") is pleased to announce that the 5,000 metre drilling program at the Company's 100% owned Bellas Gate copper-gold porphyry project in Jamaica will commence this weekend.

Drilling is designed to test multiple porphyry copper targets identified within the regionally significant Crawl River Fault zone. Drilling will also target epithermal gold prospects on the property (Figure 1). Twelve porphyry systems and multiple epithermal occurrences have been identified in the project area to date.

Kevin Tomlinson, President & CEO of C3 Metals, commented, "On March 24th, 2022 we announced our 2022 exploration drilling program in Jamaica. We are excited to commence drilling on a number of untested copper-gold porphyry systems and historic mine workings with impressive copper mineralization but limited multi-discipline exploration. This initial program will test multiple high potential prospects starting at Epidote Ridge, one of our most compelling targets. On completion of the first hole, the drill rig will move to test additional porphyry and epithermal targets along Porphyry Alley and the parallel spatially associated Epithermal Copper-Gold Corridor."

Figure 1: Jamaican Exclusive Prospecting Licenses ("SEPLs") and the Crawl River Fault Zone To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/2661/125551_image1fullfinal.jpg

Details of the Drilling Program

Over the past year, the Company compiled all historical exploration data on its Jamaican Exclusive Prospecting Licenses ("SEPLs") and refined the geological and mineralization models for Bellas Gate (Figure 2). The review identified significant porphyry copper-gold potential beneath Epidote Ridge, where down dip extensions of the Connors and Camel porphyry copper-gold deposits are interpreted to converge.

Epidote Ridge is characterized by intense epidote alteration over a nine square kilometre area and is associated with highly anomalous copper in soil geochemistry and coincident magnetic and IP chargeability features at depth (Figure 3). The geochemical and geophysical signatures at Geo Hill, Camel Hill and Connors are similar to Epidote Ridge, making it the most compelling and highest priority porphyry drill target in Bellas Gate.

Figure 2. Porphyry Alley on the Bellas Gate Project showing Epidote Ridge, Connors and Camel Hill To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/2661/125551_image%202%20full.jpg

Figure 3: Coincident magnetic (top) and IP Chargeability (bottom) anomalies beneath Epidote Ridge To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/2661/125551_image%203%20full.jpg

For additional information, contact: Kevin Tomlinson, President & CEO +1 416 841 5122 or ktomlinson@c3metals.com

C3 Metals Inc. is a junior minerals exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company's flagship project is the 57km2 Jasperoide high-grade copper-gold skarn and porphyry system located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). C3 Metals also holds a 100% interest in five licenses covering 207km2 of highly prospective copper-gold terrain in Jamaica and a 2% royalty in Tocvan's Rogers Creek project.

Related Link: www.c3metals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Stephen Hughes, P.Geo. is Vice President Exploration and a Director for C3 Metals and is a Qualified Person as defined by National Instrument 43-101. Mr. Hughes has reviewed the technical information in this news release and approves the written disclosure contained herein.

C3 Metals adheres to a strict QA/QC protocol for core handling, sampling, sample transportation and analyses. Chain-of-custody protocols are designed to ensure security of samples until their delivery at the laboratory.

Half core samples are analysed by 4-Acid digest ICP-MS finish for 60 elements, including pathfinder REE elements with pulps from samples reporting greater than 1.0% copper being re-assayed by the ore grade method. Gold is analysed by 30g Fire Assay AAS finish, with pulps from samples reporting greater than 5ppm re-assayed by 1kg Screen Fire Assay. The Company inserts blanks and certified reference standards in the sample sequence for quality control.

The Company continues to implement its COVID-19 safety protocols at site to ensure the safety of employees and the communities surrounding the Jasperoide project area.

Caution Regarding Forward Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the exploration operations of the Company and the timing which could be affected by the current global COVID-19 pandemic. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.

The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

[1] References for Historic Data: Data from the above drill results are historical results and it is unknown what type of quality-control programs were performed at the time. The QP also advises that true width of the above results cannot be determined at this time.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/125551

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C3 Metals Inc. (TSXV: CCCM) ("C3 Metals" or the "Company") is pleased to announce that the Company's deep core drilling at its Jasperoide copper-gold skarnporphyry project in southern Peru has intersected a hydrothermal alteration system beneath the Montaña de Cobre zone. Drilling intersected a multi-phase hydrothermal alteration system that is coincident with a large Hybrid CSAMT anomaly and indicative of a classic porphyry model.

Jasperoide Phase 2 Drill Program Highlights:

Stephen Hughes, Vice President Exploration of C3 Metals, commented, "C3 Metals is testing deeper levels of the Jasperoide copper-gold system and we are seeing important geologic evidence confirming that hydrothermal alteration at the Montaña de Cobre zone extends to depths of over 1,000 metres. Alteration of this scale is typically associated with large-scale porphyry systems, confirming our interpretation that a porphyry system is the driving force behind well developed skarns."

"We are seeing molybdenite-pyrite veins that are reminiscent of similar style veining that I have seen at porphyry systems in Indonesia. In the breccias, we identified altered porphyry fragments that contain pyrite veins and these fragments have been ripped from a porphyry system at depth. With each drill hole we see more and more porphyry indicators and we remain committed to unlocking the true value of this impressive land package."

Phase 2 drilling is well underway, with the first deep hole (JAS3000-06) completed to 1,180m depth and the second hole (JAS2800-7) currently in progress at 1,050 metres depth (Figure 1). Drill holes are testing the multiple targets at Montaña de Cobre, Cresta Verde, Callejón de Oro and a newly identified target at Domo Verde zone (Figure 4). Priority targets are defined by copper and gold soil geochemical anomalies with coincident Hybrid-CSAMT, IP-Chargeability and magnetic anomies. Additional infill holes are also planned within the Montaña de Cobre zone in areas of low drill data density.

  Figure 1: Showing interpreted geology and drill collars at Jasperoide project. To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/2661/124276_0c336a0a54e3a8f7_001full.jpg

The first deep hole, JAS3000-06 tested beneath a large zone of clay alteration exposed west of the Montaña de Cobre zone which is interpreted as advanced argillic alteration. The drill hole encountered varied intensity of garnet-diopside alteration in diorite, overprinted by bladed mushketovite (magnetite after hematite) and calcite veins from surface to 350m depth. Intercalated limestone, intensely marbleized and bleached white limestone and localized breccias and calcite stockwork veins occur from 350m down hole. High-sulphidation breccias and veins locally contain sphalerite and trace galena. Select intervals have been sent for analysis and results are expected in the coming weeks.

The second deep hole, JAS2800-7 is collared on Line JAS2800 and is drilling adjacent to and beneath a large zone of magnetite alteration. This hole is testing a discrete resistive feature (Figure 2) located proximal to a high sulphidation feeder structure intersected in JAS2700-04 and strong copper-gold mineralization intersected in JAS2750-07, which returned 106.1m @ 0.99% Cu and 0.28 g/t Au from surface (see press release dated September 30, 2021).

  Figure 2: Cross section through Hybrid CSAMT model showing the current drill hole and target. To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/2661/124276_0c336a0a54e3a8f7_002full.jpg

Hole JAS2800-07 encountered skarn and marbleized carbonate rocks to 200m depth, which locally contain up to 10% "copper-wad" oxide mineralization. Downhole to 950 metres is intercalated limestone, mudstone and intensely marbleized limestone that are crosscut by polymict breccias containing trace to 20% pyrite. At approximately 950m, the hole intersected pervasive late stage epithermal calcite veins and breccias that are overprinted by pyrite veins with visible molybdenite. The breccias locally contain intensely phyllic altered diorite porphyry fragments with abundant disseminated pyrite (Figure 3). Additional updates are planned as this hole progresses.

  Figure 3: JAS300-06 (972.6m) Phyllic altered diorite porphyry fragment in a 15m wide hydrothermal breccia with several stages of calcite and overprinted by pyrite-molybdenite veins. To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/2661/124276_0c336a0a54e3a8f7_003full.jpg

Phase 1 Drill Program Update - Montaña de Cobre Skarn

The Phase 1 drill program is now complete and has defined a shallow dipping oxide copper-gold skarn domain that is laterally extensive for up to 650 metres and has a strike length of more than 400 metres. True thickness of the copper-gold mineralization varies from 50 to 250 metres and is open to the north, west and at depth. Additional infill holes are planned to target areas with limited or no drill data at northern Montaña de Cobre.

The five holes reported below were designed to define the limits of the known mineralization at the Montaña de Cobre zone. Although assay results are lower grade, these holes demonstrate that near-surface copper-gold skarn mineralization continues beyond Line JAS3000, along trend of the Benoni Fault and Cresta Verde zone.

Table 1. Significant drilled intercepts at Montaña de Cobre Zone

  Figure 4: Domo Verde Zone, dome-like feature with copper oxide located north of the Benoni Fault. To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/2661/124276_0c336a0a54e3a8f7_004full.jpg

Kevin Tomlinson President & CEO +1 416 841 5122 ktomlinson@c3metals.com

Alec Rowlands Vice President, Investor Relations +1 416 572 2512 arowlands@c3metals.com

C3 Metals Inc. is a junior minerals exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company's flagship project is the 57km2 Jasperoide high-grade copper-gold skarn and porphyry system located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt of southern Peru. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). C3 Metals also holds a 100% interest in five licenses covering 207km2 of highly prospective copper-gold terrain in Jamaica and a 2% royalty in Tocvan's Rogers Creek project.

Related Link: www.c3metals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Stephen Hughes, P.Geo. is Vice President Exploration and a Director for C3 Metals and is a Qualified Person as defined by National Instrument 43-101. Mr. Hughes has reviewed the technical information in this news release and approves the written disclosure contained herein.

C3 Metals adheres to a strict QA/QC protocol for core handling, sampling, sample transportation and analyses. Chain-of-custody protocols are designed to ensure security of samples until their delivery at the laboratory.

Half core samples are analysed by 4-Acid digest ICP-MS finish for 60 elements, including pathfinder REE elements with pulps from samples reporting greater than 1.0% copper being re-assayed by the ore grade method. Gold is analysed by 30g Fire Assay AAS finish, with pulps from samples reporting greater than 5ppm re-assayed by 1kg Screen Fire Assay. The Company inserts blanks and certified reference standards in the sample sequence for quality control.

The Company continues to implement its COVID-19 safety protocols at site to ensure the safety of employees and the communities surrounding the Jasperoide project area.

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the exploration operations of the Company and the timing which could be affected by the current global COVID-19 pandemic. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.

The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124276

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C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to advise that concurrently with drilling at its flagship Jasperoide project in Peru, the Company has secured a rig to undertake a 5,000 metre core drilling program in Jamaica to test several compelling high priority copper-gold porphyry targets. The rig is currently on route to Kingston, Jamaica and drilling is expected to commence in late April.

C3 Metals holds a 100% interest in three licenses which cover an overlooked and under explored porphyry/epithermal copper-gold belt in Jamaica. The area was the focus of historical mining by the Spanish and British and modern exploration activity included work by BHP and Oz Minerals.

Kevin Tomlinson, President & CEO of C3 Metals, commented, "C3 Metals is very fortunate to hold a significant land package over high potential copper-gold belts in Peru and Jamaica. Drilling of our flagship Jasperoide property in Peru continues to define a near surface high-grade oxide copper-gold skarn and we are exploring this extensive alteration system for stacked high-grade skarns and their causative porphyries.

"Concurrently, our team has been advancing our little known, yet highly-prospective, Jamaican copper-gold targets. The most recent drilling in Jamaica was undertaken from 2015 to 2017 which confirmed continuous zones of strong, near-surface, porphyry copper-gold mineralization that have not been followed up. In addition, reprocessing of geophysical data and our 'boots on the ground philosophy' of detailed mapping and sampling have provided an understanding of the geometry and controls of the hydrothermal system.

"With the strong copper price, we consider it imperative to properly drill test these high-priority porphyry and epithermal targets."

A first stage 5,000 metre drill program is planned to evaluate multiple porphyry copper-gold targets at the Bellas Gate licence, initially focussing on "Porphyry Alley", a 4 km by 2 km mineral district that contains the Connors, Camel Hill, Geo Hill, Epidote Ridge, Coffee and White Rock Ridge porphyry prospects (Figure 1).

  Figure 1: Bellas Gate Project, showing copper-gold porphyry prospects along the well-defined northwest trending Porphyry Alley and epithermal veins along a peripheral and parallel trend. To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/2661/117936_761e39ad9427e840_001full.jpg

Previous drilling on Porphyry Alley tested a number of coincident geophysical (magnetic and IP chargeability) and geochemical anomalies (soils and rocks). The drilling intersected strong porphyry copper and gold mineralization over broad intervals at multiple prospects. Copper-gold mineralization is closely associated with magnetite alteration and well-developed quartz stockwork and sheeted veins (Figure 2). Several historical drill holes terminated in strong mineralization and remain open in multiple directions.

  Figure 2. Core slab from CON-14-003 (Connors), with disseminated chalcopyrite and bornite in quartz stockwork veins; interval 99 - 100m assayed 1.1% copper and 0.81 g/t gold. To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/2661/117936_761e39ad9427e840_002full.jpg

C3 Metals completed a thorough review of all exploration data in 2021, including reprocessed magnetic and induced polarization data. A 3D view of the Induced Polarization model shows a large chargeability anomaly below Epidote Ridge that measures 1,200m by 600m and is spatially associated with the Connors, Camel Hill and Geo Hill porphyry bodies (Figure 3). Reprocessed magnetic data similarly shows a very large and coincident magnetic anomaly below Epidote Ridge which is interpreted as the centre of the mineralized system in Porphyry Alley (Figure 4).

Epidote Ridge is just one of a number of high value targets at depth and along strike. Details on other targets will be announced over the coming weeks.

  Figure 3: Reprocessed IP data showing a large chargeability anomaly interconnected to the surrounding porphyry bodies at Connors, Camel Hill and Geo Hill. To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/2661/117936_761e39ad9427e840_003full.jpg  

  Figure 4: Cross sections through Geo Hill - Epidote Ridge - Connors porphyry prospects, Analytical Signal (top) and IP Chargeability (bottom). Proposed hole will test this high value target below Epidote Ridge. To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/2661/117936_761e39ad9427e840_004full.jpg

References for Historical Data 1 Data from the above drill results are historical results and it is unknown what type of quality-control programs were performed at the time. The QP also advises that true width of the above results cannot be determined at this time.

Summary of Historical Mining and Mineral Exploration in Jamaica

At C3 Metals' projects in Jamaica, the mining history goes back to the 1500's when the Spanish first came to the Caribbean. Subsequently, British mining companies exploited the high grade copper deposits in the 19th Century. It wasn't until the mid-to late twentieth century that modern exploration and mining took place in Jamaica, especially in the region of C3 Metals' projects. Major mining companies include BHP, Noranda, Teck and Cominco which all explored for precious and base metals on the island from the 1960's through the 1990's. Bauxite mining has been a large contributor to Jamaica's GDP since the 1950s, with Jamaica ranked as the world's premier producer at the time. Since 2011, C3 Metals has created a significant amount of exploration data from multi-element geochemistry, high resolution airborne magnetic surveys, induced polarization surveys and over 10,000m of core drilling.

Kevin Tomlinson President & CEO ktomlinson@c3metals.com

Alec Rowlands Vice President, Investor Relations +1 416 572 2512 arowlands@c3metals.com

C3 Metals Inc. is a junior minerals exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company's flagship project is the 57km2 Jasperoide high-grade copper-gold skarn and porphyry system located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore).

C3 Metals also has a 100% interest in five licenses covering 207km2 of highly prospective copper-gold terrain in Jamaica. It has identified numerous porphyry targets at Bellas Gate, a 6 km long multi-element epithermal corridor at Main Ridge and extensive copper mineralization at surface at Arthurs Seat. Jamaica, known as a world leading producer of bauxite and alumina, also has a long history of copper and gold production dating back several centuries. A stable Mining Code and a favourable fiscal regime contribute to an excellent environment for mineral exploration and development. C3 Metals also holds a 2% royalty on Tocvan's Rogers Creek copper project located in British Columbia, Canada.

Related Link: www.c3metals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Stephen Hughes, P.Geo. is Vice President Exploration and a Director for C3 Metals and is a Qualified Person as defined by National Instrument 43-101. Mr. Hughes has reviewed the technical information in this news release and approves the written disclosure contained herein.

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the exploration operations of the Company and the timing which could be affected by the current global COVID-19 pandemic. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.

The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/117936

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C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to provide an update on its drilling programs at the Jasperoide copper-gold skarnporphyry project in southern Peru. Results received for five of the ten outstanding drill holes included some of the highest copper grades reported on the project to date.

High grade oxide copper-gold mineralization was intersected in two holes drilled to test the up dip and lateral continuity of the enrichment zone defined at eastern Montaña de Cobre Zone. Results include:

including 20.1m @ 5.83% Cu, 0.87 g/t Au from 96.3m

including 4.9m @ 16.5% Cu from 111.5m

Including 2.8m @ 10.29% Cu from 100.1m

The Company is also pleased to report that the recently arrived larger rig is currently drilling the first of several deeper holes targeting potential stacked skarns and underlying porphyry copper-gold deposits at the Montaña de Cobre Zone.

Figure 1: Large rig setup on JAS3000 to test the porphyry and stacked skarn copper-gold potential at the Montaña de Cobre Zone

To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/2661/114504_7fe6e533049ddb05_001full.jpg

Montaña de Cobre Copper-Gold Skarn Highlights

Figure 2: Cross Section JAS2700 (50m window) showing enrichment blanket in the high grade domain

To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/2661/114504_7fe6e533049ddb05_002full.jpg

Kevin Tomlinson, President & CEO of C3 Metals commented,

"These most recent results from shallow drilling at the Montaña de Cobre Zone are impressive by any measure. To see such high copper grades over wide intervals so close to surface on the first of multiple targets to be evaluated, highlights the potential of the Jasperoide project. Our Phase 1 program successfully demonstrated that the copper-gold oxide mineralization has both the scale and grade to represent a potential stand-alone development opportunity. The Montaña de Cobre Zone remains open down dip to the west on some sections and further drilling will be required to fully define the mineralization in this area. The results of our current deeper drilling and surface work currently underway on several new targets will in part set priorities and timing for this additional drilling. Samples of the various types of mineralization present are currently being analysed and results will be used to evaluate mining and processing options for Montaña de Cobre."

An initial 5,000 meters of drilling is in progress to assess the potential for stacked skarns and porphyries at deeper levels of the mineralized systems at the Montaña de Cobre and Cresta Verde Zones. Drill hole targeting is based in part on data collected from a Hybrid-CSAMT geophysical survey that identified two sub-vertical resistive features which are interpreted to be coincident with the district-scale Constancia and Benoni Faults. The Hybrid-CSAMT model indicates that feeder structures to the Montaña de Cobre Zone copper-gold mineralization are connected to a large resistive feature/body at depth, interpreted as a concealed porphyry. Figure 3 below shows the position of three planned drill holes relative to the Montaña de Cobre Zone deposit and airborne magnetic data.

Figure 3: Map Showing Drill Collar Locations over Airborne Magnetics

To view an enhanced version of Figure 3, please visit: https://orders.newsfilecorp.com/files/2661/114504_7fe6e533049ddb05_003full.jpg

Kevin Tomlinson, President & CEO of C3 Metals further commented,

"Jasperoide is located in a district of large scale mineralized systems where numerous major and mid-tier companies are actively mining, exploring and acquiring new ground. Our initial drilling has been limited to the permitted area inherited when the Project was acquired. Since acquisition, we have identified several outstanding additional targets, and applications to drill beyond the current permit boundaries are in process. Furthermore, the Company has been expanding its property footprint and an update on this activity will be provided in due course. We are in the early stages of exploration on an extensively mineralized system, in a highly prospective area surrounded by two of the world's largest copper deposits. The discovery process at Jasperoide, especially the deeper drilling now in progress, will continue to evolve in the coming months."

Montaña de Cobre Zone Drilling Details

Recent drilling at the Montaña de Cobre Zone continues to define a shallow dipping, oxide copper-gold domain that is laterally extensive for up to 650 metres and has a strike length of more than 450 metres. The mineralized skarn system at the Montaña de Cobre Zone remains open to the north, west and down-dip, with significant potential for stacked skarns and porphyry style mineralization at depth and along strike.

Assays for drill holes JAS2700-09, 10 and 11 intersected thick zones (50m to +100m) of skarn altered carbonate rocks of the Ferrobamba Formation with secondary copper species (chrysocolla, malachite, azurite) and locally primary sulphides (pyrite ± chalcopyrite). Drill hole JAS2700-09 successfully confirmed extensions to the bonaza grade copper mineralization intersected 60m to the west in JAS2700-07, which intersected 43.45m @ 2.21% Cu and 0.49 g/t Au from 85.85m and included 15.0m @ 5.44% Cu and 0.39 g/t Au from 113.5m (Press release dated September 8, 2021). Drill hole JAS2700-09 continued to define a well developed enrichment zone proximal to the marble front (Figure 4). JAS2700-09 returned 20.1m @ 5.83% Cu and 0.87 g/t Au from 96.3m including 4.9m @ 16.5% from 111.5m.

Figure 4.1: JAS2700-09 (115.0m) sample interval 111.5 - 116.4 (4.9m) assayed 16.5% Cu in strongly oxidized magnetite-garnet skarn.

To view an enhanced version of Figure 4.1, please visit: https://orders.newsfilecorp.com/files/2661/114504_7fe6e533049ddb05_004full.jpg

Figure 4.2: JAS2700-11 (39.6m) showing oxidized magnetite skarn, with a banded texture.

To view an enhanced version of Figure 4.2, please visit: https://orders.newsfilecorp.com/files/2661/114504_7fe6e533049ddb05_005full.jpg

Two holes were completed at southern Montaña de Cobre Zone on section line JAS2500, collared 100m southeast of section line JAS2600. JAS2500-01 and 02 intersected narrow widths of strongly oxidized garnet-diopside and magnetite skarn that returned low grade copper-gold mineralization (Table 1). Exploration data for the Montaña de Cobre Zone is being evaluated in order to define targets for additional drilling.

Table 1. Significant drilled intercepts at the Montaña de Cobre Zone

Kevin Tomlinson President & CEO ktomlinson@c3metals.com

Alec Rowlands Vice President, Investor Relations +1 416 572 2512 arowlands@c3metals.com

C3 Metals Inc. is a junior minerals exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company's flagship project is the 57km2 Jasperoide high-grade copper-gold skarn and porphyry system located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). C3 Metals also holds a 100% interest in five licenses covering 207km2 of highly prospective copper-gold terrain in Jamaica and a 2% royalty in Tocvan's Rogers Creek project.

Related Link: www.c3metals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Stephen Hughes, P.Geo. is Vice President Exploration and a Director for C3 Metals and is a Qualified Person as defined by National Instrument 43-101. Mr. Hughes has reviewed the technical information in this news release and approves the written disclosure contained herein.

C3 Metals adheres to a strict QA/QC protocol for core handling, sampling, sample transportation and analyses. Chain-of-custody protocols are designed to ensure security of samples until their delivery at the laboratory.

Half core samples are analysed by 4-Acid digest ICP-MS finish for 60 elements, including pathfinder REE elements with pulps from samples reporting greater than 1.0% copper being re-assayed by the ore grade method. Gold is analysed by 30g Fire Assay AAS finish, with pulps from samples reporting greater than 5ppm re-assayed by 1kg Screen Fire Assay. The Company inserts blanks and certified reference standards in the sample sequence for quality control.

The Company continues to implement its COVID-19 safety protocols at site to ensure the safety of employees and the communities surrounding the Jasperoide project area.

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the exploration operations of the Company and the timing which could be affected by the current global COVID-19 pandemic. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.

The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/114504

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C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to announce that further to the Company's press release of August 16, 2021, the Company has purchased back the remaining 0.5% net smelter returns royalty (the "NSR") on the Company's Main Ridge and Hungry Gully properties located in Jamaica. Consideration for the NSR purchase is US$25,000 payable to Rodinia Resources Pty Ltd.

Kevin Tomlinson, C3 Metals' CEO, stated, "As we move forward with our near-term drill program in Jamaica, we are pleased to have removed the remaining royalties from our Main Ridge and Hungry Gully copper-gold properties."

Kevin Tomlinson President & CEO ktomlinson@c3metals.com

Alec Rowlands Vice President, Investor Relations +1 416 572 2512 arowlands@c3metals.com

C3 Metals Inc. is a junior minerals exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company's flagship project is the 57km2 Jasperoide high-grade copper-gold skarn and porphyry system located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). C3 Metals also holds a 100% interest in five licenses covering 207km2 of highly prospective copper-gold terrain in Jamaica and a 2% royalty in Tocvan's Rogers Creek project.

Related Link: www.c3metals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the exploration operations of the Company and the timing which could be affected by the current global COVID-19 pandemic. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.

The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

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Vancouver, British Columbia TheNewswire - June 2nd, 2022, (TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the "Company" or "Opawica") is pleased to announce that it has completed filming for its upcoming educational documentary series "Viewpoint with Dennis Quaid" ( "Viewpoint" ). The long-running award-winning series, hosted by the well-known actor Dennis Quaid produces educational documentaries on a range of topics including business, technology, travel, health, and culture with a focus on highlighting innovation around the world. Viewpoint is distributed nationwide in the United States through public television stations and major networks; including but not limited to CNBC, FOX Business, Bloomberg TV, Discovery Channel, History Channel, National Geographic and HLN and is aired to over 60 million households in the United States.

Blake Morgan, President, and CEO of Opawica, noted: "We are thrilled to have completed filming as a featured company on Viewpoint with Dennis Quaid. Having this sort of exposure to approximately 60 million homes will dramatically assist in telling the Opawica story. With a big year of drilling, assays, and exploration work ahead of us, Opawica is ready to take the next step.

In 2021, Viewpoint producers reached out to the CEO of Opawica Explorations Inc, Blake Morgan, as part of their search for a featured company to headline a planned episode on Junior Mining and Exploration in Canada. After several months of discussions with senior producers and writers, the Company was chosen and offered the chance to participate. Given the educational aim of the series, one of the primary goals of the episode will be to bring attention to Opawica and their impact on mineral exploration. Opawica's use of AI technology, it's CEO and elite projects fit this mandate, and were significant contributing factors in Viewpoint's selection.

Opawica's management and Viewpoint production team began filming on May 24 th , 2022 and created content to be released to over 60 million homes in approximately July of 2022.  In addition to the final products designed for television release, the Company will also retain all the high-definition raw camera footage (5+ hours) for potential future use.

There will be two segments produced for television release:

This documentary segment aims to educate the audience about the featured topic of the episode – in Opawica's case – the business and technology of mining exploration in Canada. The segment is distributed via public television stations (including PBS) in all US states. Each public television station will have the right to air the segment for one year, and on average these segments appear 45-60 times per quarter, reaching approximately 60 million households.

Educational Commercial Spot for Major Networks

This 60-second educational commercial segment is designed for distribution via major networks in the U.S. It will air once nationally, and 400 times regionally in the top 100 most populous cities. Viewership is estimated at approximately 84 million households, and all airings will occur between 6 – 11p.m. prime time, in their respective time zones. Example networks which will carry the segment include CNBC, FOX Business, Bloomberg TV, Discovery Channel, History Channel, National Geographic and HLN.

Opawica was responsible for paying a participation fee, and crew travel fees, for an aggregate of US$27,900. Most costs were covered through public television funding sources for the series. Viewpoint estimates that costs for a comparable, unsubsidized project (including filming, editing, airings, distribution, Dennis Quaid, ownership, licencing rights, etc.) would typically total in excess of US$250,000.

Opawica Explorations Inc. is a junior Canadian exploration company with a strong portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi Gold Belt in Québec and in Central Newfoundland and Labrador. The Company's management has a great track record in discovering and developing successful exploration projects. The Company's objective is to increase shareholder value through the development of exploration properties using cost effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders.

President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company.  Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company's exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.  All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com.  These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

Copyright (c) 2022 TheNewswire - All rights reserved.

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Vancouver, British Columbia TheNewswire - June 1, 2022, (TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the "Company" or "Opawica") is pleased to report the passing of all resolutions at the Annual General Meeting (" AGM ") held on Tuesday, May 31, 2022, in Vancouver, B.C.

Shareholders voted in person and by proxy, representing an aggregate of 13,748,290 shares, being 32.91 per cent of the 41,781,104 issued and outstanding shares as at the record date of April 29, 2022.

All four nominees listed in the management proxy circular, Blake Morgan, Christopher Reynolds, Owen King and Phillipe Harvard Ing. Jr. were re-elected as directors of Opawica for the ensuing year. Shareholders also approved Opawica's 10 per cent rolling stock option plan and re-appointed Crowe MacKay LLP chartered accountants for the 2022 year-end.

Blake Morgan, CEO of Opawica stated, "On behalf of the Board of Directors, I would like to thank all our shareholders for taking their time to vote and show their continued support. Now that the AGM is finished, we can turn our attention to the continuing exploration program at the Arrowhead property, Québec. The Company is still awaiting the assay results of the Bazooka drill program and will report the results as soon as they are available."

Opawica Explorations Inc. is a junior Canadian exploration company with a strong portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi Gold Belt in Québec and in Central Newfoundland and Labrador. The Company's management has a great track record in discovering and developing successful exploration projects. The Company's objective is to increase shareholder value through the development of exploration properties using cost effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders.

President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company.  Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company's exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.  All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com.  These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

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VVC Exploration Corporation (" VVC " or the " Company ") announces that Leon Shivamber has joined the Board of Directors.

"Mr. Shivamber complements our talented and distinguished Board of Directors, and we are proud to have him join us in our mission of building a strong and agile company – one that is positioned to capitalize on the demand for critical raw materials as we rapidly grow and evolve," said Terrence Martell, Chairman of the VVC Board. "Leon has long demonstrated a commitment to excellence through his various business roles and community volunteer efforts and brings added insights and new perspectives to the Board."

He is a transformation leader with more than three decades of successful transformations under his belt.

Leon learned about Strategy and Business Integrity during his years at McKinsey & Company, Change Management, and Rapid Transformation during his New York Consulting Partners years and High-Performance Acquisitions during his years at Arrow Electronics.

He spent five years leading the prize-winning Supply Chain and Operations transformation at then Harris Corporation (now L3 Harris Technologies.

For three years after that role, Leon extended and applied his transformation experience as a leader and general manager building an international joint venture in the Middle East.

Thereafter, Leon spent three years as CEO leading the vibrant UAE headquartered Atlas Group with strategic businesses in communications, defense, energy, food, healthcare, hospitality, public safety, and security. He also spent two additional years advising Atlas Group and other Middle-East-based corporations on their transformation efforts.

Since that time, Leon has returned to the United States and has been acting as a Senior Advisor to several corporate transformations.

Leon is a Fellow, Life Management Institute (FLMI), and a Trustee of the Board of Directors of Baruch College Fund.

About VVC Exploration Corporation VVC is a publicly traded Canadian-based mining exploration and development company listed on the TSX Venture Exchange (TSX-V:VVC). With the addition of Plateau Helium Corporation ("PHC"), VVC is a Helium and natural gas producing company. VVC's portfolio includes the Gloria Copper Project in Northern Mexico, precious metals properties also in Mexico and the Helium Projects owned by its wholly owned subsidiary, PHC. VVC is currently focused on the Helium Projects owned by PHC and will resume the development of Gloria Copper Project as soon as Covid-19 restrictions are lifted in the region. To learn more, visit our website at: http://vvcexpl.com .

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

2369 Kingston Road, PO Box 28059 Terry Town, Scarborough, ON M1N 4E7 – Tel: 416-619-5304

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Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL); (FSE:XZ7) announces the results of 2021 surface field work on its Muskwa Copper Project. See Figure 1 below

Figure 1 - General Property Location

The Project is comprised of the Neil Property, the Toro Property and the Bronson property located in northern British Columbia. See Figure 2 below.

Peter Hawley, President, CEO reports; "A total of 19 specific areas were mapped and prospected during the 2021 field season and we started the New Year by reporting our findings on the Lady Luck occurrence in the south end of the Neil Property, followed by the Mac; the 8A, Harris, the 2a and 2b, the Creek, Keays south, Belcher Creek, the Magnum Mine UAV Done Mission, the Magnum, the Neil UAV Drone Mission, the Neil, EM-1, Ram Creek, Davis Keays Eagle UAV Drone Mission, sampling, surface geophysics, the underground inspection of the 6950 level of the Davis Keays Eagle Vein and now the structural interpretation of the Davis Keays area." See Figure 3 below.

Figure 3 - Neil Property, Davis Keays Eagle Location

Minor follow-up exploration activity took place during the 1950s and early 1960s, with activity increasing significantly during the late 1960s and early 1970s. The work resulted in recognition of numerous copper occurrences within the Neil Property, the most significant of which are the Magnum Vein (Churchill Copper) and the Eagle Vein (Davis Keays). The Lady vein system at the Lady Luck Occurrence also received minor underground development work from 1969 - 1970. See Photo 1 below

Photo 1 - Neil Property, Davis Keays Eagle Mine

More details on the past history, 2021 UAV drone mission, sampling and surface geophysics have been made public in the April 27th, May 4th, May 11th and May 25th releases.

The purpose of the 2021 structural survey over the Davis Keays area was threefold;

i) Present preliminary structural interpretations that integrate field observations with high resolution photogrammetry imagery datasets and elevation models.

ii) Review structural data collected at each of the two occurrences

iii) Present a generalized structural interpretation that describes key features controlling copper mineralization.

All maps and imagery were drafted in the NAD83 (CSRS) datum and projected to UTM zone 10. A Google Earth TM .kmz file also performed which provided geotagged photographs taken at each mapping locality on the Eagle vein(s).

Coverage was restricted to the western slopes in the vicinity of the historic switchback road constructed over the vein during historic development and mining. Seventy‐one structural measurements of bedding, cleavage, fold axes and veins were taken and 49 station geotagged photographs documented key features at each locality reviewed. All mapping data were plotted on high resolution orthomosaic imagery available for the site. See Figure 4 below.

Figure 4 - Orthomosaic Photo with Structural Measurements of Davis Keays Area

Digital elevation data were used to create a series of hillshade models generated at different sun azimuth angles. Different sun azimuth angles aid interpreting the location of key structural features including folding, bedding form lines, vein faults and potential thrust faults. See Figure 5 below.

Figure 5 - Hill Shade Model with Diabase Dikes and Quartz Veins Plotted

The orthomosaic was also reviewed in 3-D to better understand the location of veining and folding present in the Davis‐Keays target.

Lineament interpretations were carried out to better understand the location of faults within known copper mineralized zones. Stratigraphic contacts were not mapped with enough confidence to be generate a lithological map for the area, however two main stratigraphic units were observed.

Numerous discrete quartz - iron mineralization veins were mapped in detail. See Photo 2 below.

Photo 2 - Quartz - Iron Mineralized Veins Davis Keays Area

In addition to mineralized veining two other types of mineralization were observed;

Photo 3 - Quartz Sulphide Breccia (a) and Breccia Photo 4 - Sulphide Vein Network (b)

In addition, mineralized quartz - carbonate veining overprinted by compressive deformation associated with regional thrusting was studied, See Figure 5 below.

Photo 5 - Compression Deformation, Davis Keays Area

The results of the structural studies clearly defined three preferred structural corridors, one of which corresponds to the underground Davis Keays, Eagle Vein workings. At this time not enough work or observations have to made to determine if there is an association with the mineralized veining and diabase dikes. See Figure 6 below.

Figure 6 - Structural Corridors, Davis Keays Area

Detailed observation of the high resolution Hillshade photo of the Davis Keays area clearly defines structural liniments which correspond to some of the mineralized features observed in the field. See Figure 7a for hillshade liniments and Figure 7b for liniments outlined in red.

Figure 7a - Shade Relief Liniments, Veining?

Figure 7b - Red line traces of Liniments

This led to close observation of the other side of the mountain where the eagle vein was observed and the same liniments associated with quartz veining was clearly evident as shown by the yellow dashed traces. See Photos 6, 7 below.

Photo 7 - Other quartz veins near Eagle vein

Due to this correlation from both sides of the mountain, further detailed observations were made of the northeast area, See Figure 8 and box outline of detailed study area

Figure 8 - Detailed Study Area

This magnified observation of the northeast side of the mountain clearly show and defines the locations and strikes of at least 5 vein sets in addition to that of the eagle vein and all having a similar attitude. See Photo 8a for detailed photo of vein sets and Photo 8b of vein sets outlined in red trace.

Photo 8a - 5 Clearly Defined Vein Sets

Photo 8b - Red Trace Over Vein Sets

Looking at the structural kinetics we see both the macro scale slippage between vein sets, see Photo 9A below and the same movement in micro scale in the vein and replacement mineralization, see Photo 9b below.

Photo 9a - Macro Scale -Slippage in Vein Sets

Photo 9b - Micro Scale - Slippage

All the various types of surveys performed on the Davis Keays area come to one general conclusion. The Davis Keays area is composed of numerous mineralized vein sets within a clearly defined structural corridor of which the eagle vein is only one that has seen extensive concentration of work both on surface and underground.

The 2022 field exploration program will follow up on this important findings but in addition to this, the Davis Keays area is Fabled Copper's first priority drill target to test the multi vein sets encounter during 2021 exploration program.

Analytical results of sampling reported by Fabled Copper Corp represent rock samples submitted by Fabled Copper Corp staff directly to ALS Chemex, Vancouver, British Columbia Canada. Samples were crushed, split, and pulverized as per ALS Chemex method PREP-31, then analyzed for ME-ICP61 33 element package by four acid digestion with ICP-AES Finish. ME-GRA21 method for Au and Ag by fire assay and gravimetric finish, 30g nominal sample weight.

For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:

Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample.

Ag-GRA21 Ag by fire assay and gravimetric finish.

Fabled Copper Corp. monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.

Fabled Copper is a junior mining exploration company. Its current focus is to creating value for stakeholders through the exploration and development of its existing copper properties located in northern British Columbia. The Muskwa Project comprises a total of 76 claims in two non-contiguous blocks and totals approximately 8,064.9 hectares, located in the Liard Mining Division in northern British Columbia.

Mr. Peter J. Hawley, President and C.E.O.

Fabled Copper Corp. Phone: (819) 316-0919 peter@fabledcopper.org

For further information please contact:

The technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

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Nickel Creek Platinum Corp. (TSX: NCP) ("Nickel Creek" or the "Company") is pleased to announce the results of its annual general and special meeting of shareholders (the "AGM") that was held on May 31, 2022 .

All of the following business items were approved at the AGM by the requisite majority of shareholder votes cast at the meeting:

The seven directors of Nickel Creek elected at the AGM are: Michele S. Darling , Mark Fields , Stuart Harshaw , Wayne Kirk , Myron G. Manternach , David Peat and Michel (Mike) Sylvestre .  Votes for the directors were cast as follows:

About Nickel Creek Platinum Corp .

Nickel Creek Platinum Corp. (TSX: NCP; OTCQB: NCPCF) is a Canadian mining exploration and development company and its flagship asset is its 100%-owned Nickel Shäw Project. The Nickel Shäw Project is a large undeveloped nickel sulphide project with a unique mix of metals including copper, cobalt and platinum group metals, located in the Yukon, Canada , one of the most favourable jurisdictions in the world. The Nickel Shäw Project has exceptional access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska.  The Company is also investigating other opportunities for shareholder value creation.

The Company is led by a management team with a proven track record of successful discovery, development, financing and operation of large-scale projects. Our vision is to create value for our shareholders by becoming a leading North American nickel, copper, cobalt and PGM producer.

View original content to download multimedia: https://www.prnewswire.com/news-releases/nickel-creek-platinum-announces-results-of-2022-annual-general-and-special-meeting-301558340.html

SOURCE Nickel Creek Platinum Corp.

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May 31, 2022 TheNewswire - CALGARY, ALBERTA CMX Gold & Silver Corp. ( CSE:CXC ) ; (CNSX:CXC.CN); ( OTC:CXXMF ) ("CMX" or the "Company") announces that it has signed an agreement with Sulphide Remediation Inc. ("SRI") ( https:www.sulphide-remediation.com ), an affiliate of ABH Engineering Inc. of Surrey, B.C., a firm specializing in mineral processing ( https:www.abhengineeringinc.com ).  SRI utilizes precision ore sorting technology to high-grade mine stockpiles of unprocessed rock to enhance the grade of material delivered to a toll mill.  Dual Energy X-Ray Transmission technologies differentiate between rocks based on small fluctuations in density profiles and are effective at removing sulphides and concentrating valuable metals.  The sorted rock can be treated at existing millssmelters where valuable metals will be extracted and sulphides will be safely handled.​ SRI has some of the world's leading experts in crushing, screening and ore sorting.

Pursuant to the agreement with CMX, SRI will take samples from the Clayton stockpile with no upfront cost to CMX.  The samples will be shipped to a laboratory for analysis and process testing.  The testing program will inform SRI as to the best ore sorting process for the Company's stockpile.  Jan Alston, President & CEO of CMX commented: "Ever since we completed an evaluation program of the Clayton Silver Mine stockpile in 2014/15, the results suggested there should be significant value realized from processing the material.  Higher metals prices today add even more value to the aboveground material. We simply needed to find the right partner with the best technology for this opportunity."

CMX's historic Clayton Silver Mine stockpile is estimated to contain greater than 500,000 tonnes of metal-bearing rock. In the 2014 evaluation program, over 3,000 kilograms of sample material were collected from test locations selected to ensure representative results.  Analysis of the samples confirmed the presence of gold in each sample.  In particular, assays confirmed gold values up to 2.84 gm/t with an average of 0.80 gm/t for the 16 locations comprised of the initial suite of samples. Statistical averages of the 16 locations of the mine stockpile sampling program were: gold – 0.80 gms/t; silver – 24.31 gms/t; lead – 0.44%; zinc – 0.27%.

Subject to positive results from analysis of the samples taken from the stockpile and confirmation of suitability of the material for the ore sorting process, SRI at its cost will construct and deliver an optimal ore sorting system to the Clayton Mine site.  The system will be capable of processing from 3,000 tonnes to 4,000 tonnes per day. SRI will manage all aspects of the stockpile processing program.  After deducting operating expenses from the revenue received for the processed stockpile material from the toll mill or smelter, the net profits will be shared 50:50 between CMX and SRI.  Mr. Alston stated: "Positive results will position CMX to generate cash flow in 2023."

About the Clayton Silver Project

CMX's 100%-owned Clayton Silver Property is located in the mining-friendly State of Idaho, USA. The property comprises approximately 684 acres in Custer County in south-central Idaho, including the former Clayton silver-lead-zinc mine. The Clayton Mine was developed on eight levels to a depth of 1,100 feet below surface and is comprised of approximately 19,690 feet of underground development. Two major ore bodies were partially mined: the "South Ore Body" and the "North Ore Body".

The recorded production from the Clayton Mine included 7,031,110 oz silver, 86,771,527 lbs lead, 28,172,211 lbs zinc, 1,664,177 lbs copper, and minor amounts of gold from an estimated 2,145,652 tonnes of ore mined between 1934 and 1985.  Very little exploration has been carried out previously on the Clayton Silver Property. Significant potential is demonstrated in hole 1501-A, drilled in the mid-1960's, which penetrated the mineralized zone at 1,425 feet.  At that depth, the hole intercepted 22 feet of 4.07 oz Ag/t, 5.75% lead and 5.37% zinc (note: true width is unknown).

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Jan M. Alston, President & C.E.O. at (403) 457-2697 janalston@cmxgoldandsilver.com ;

Robert d'Artois at (604) 329-0845 bobdartois@cmxgoldandsilver.com .

You can also visit the Company's Website : www.cmxgoldandsilver.com

WARNING : the Company relies upon litigation protection for "forward looking" statements. The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the operations of the Company, changes to securities regulation requirements, other changes in laws or regulations, unanticipated risks of the COVID-19 pandemic crisis, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

Copyright (c) 2022 TheNewswire - All rights reserved.

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