C3 Metals Intersects 2.79% Copper and 0.59 g/t Gold over 21 Metres, Extending Jasperoide Project, Peru

2022-09-09 22:16:54 By : Ms. Zoey Wu

C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to announce further outstanding results from its Phase 2 drilling program at the Jasperoide copper-gold skarnporphyry project in Peru. The recently completed Phase 2 drill program comprising a total 6,811m in 20 drill holes has delineated a near surface, high-grade oxide copper-gold deposit at the Montaña de Cobre Zone ("MCZ") and tested copper-sulphide mineralization at the nearby Cresta Verde Zone ("CVZ").

Dan Symons, President & CEO, stated, "Having recently joined C3 Metals, I'm very pleased with the exploration results to date at Jasperoide. We have successfully delineated a sizeable, coherent body of near surface high-grade copper-gold skarn mineralization and see indications of a potential porphyry system. However, I am truly excited by the fact that in a short period of time we have expanded our prospective land position by 377% to 27,200 hectares and our drilling to date has only been focused on less than 20% of the total mineral tenure under C3 Metals' control. We look forward to further testing the numerous targets identified on the wider property once exploration permits are in hand for these newly acquired concessions. Given the location, geologic setting and sheer size of our land position, we believe we are only beginning to scratch the surface on Jasperoide's exploration potential."

  Figure 1: Brecciated skarn in hole JAS2900-02; intensely oxidized and showing significant malachite and chrysocolla mineralization (Interval 94.70m - 99.0m assayed 5.87% Cu and 0.91g/t Au).   To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/2661/136473_3e82da6d14e1e91d_001full.jpg

The Company also drilled two deep holes (JAS3000-6 and JAS2800-07) testing the system to depths of +1000m. While altered porphyry fragments were encountered, assays reported no significant copper mineralization.

Stephen Hughes, Vice President of Exploration, commented, "We are pleased to have intersected further near surface high-grade copper-gold skarn mineralization, which has extended the high-grade domain a further 100m north. Our two deep holes tested for potential porphyry and skarn mineralization below MCZ and adjacent to the Constancia Fault zone, but did not intersect significant copper mineralization. However, we observed phyllic altered diorite fragments in a hydrothermal breccia, and numerous other porphyry vectors that support our interpretation of a mineralized porphyry system at Jasperoide. Work has already commenced on updating the mineral domains and geologic block model aimed at identifying additional mineralized bodies for testing in the next round of drilling."

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

  Figure 2: Airborne magnetic analytical signal image and copper in soils over the Greatiam 10 & 70 and Jasperoide 1 & 2 Exploration Concessions, showing all drill collars.   To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/2661/136473_3e82da6d14e1e91d_002full.jpg

  Figure 3: Location plan showing C3 Metals exploration holdings in southern Peru.   To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/2661/136473_3e82da6d14e1e91d_003full.jpg

Exploration permitting is underway for several of the newly acquired mineral concessions. As the permitting is being progressed, the Company will be undertaking sighter metallurgy leach and flotation test work on the copper-gold oxide mineralization at MCZ to assess recoveries, acid consumption and variability characteristics for the different material types within the deposit delineated to date. The metallurgical response of the different material types aims to assess the potential viability of various processing options for the near surface oxide copper and gold mineralization and is an important de-risking milestone for the Company.

Initial review of the newly acquired land package surrounding Jasperoide indicates high potential for the discovery of additional near surface copper skarn deposits similar to the MCZ deposit. Upon receipt of the exploration permits for these areas, C3 Metals plans to aggressively explore to build the inventory of near surface skarn hosted copper-gold mineralization and test potential for large scale porphyry systems.

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.

Dan Symons President & CEO +1 416 716 6466 dsymons@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 Jasperoide high-grade copper-gold skarn and porphyry system located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru, holding 100% ownership of 49 claims covering 26,698 hectares and the right to earn 100% in the Greatiam 10 and 70 claims covering 500 hectares. 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 207 sq km 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.

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] Data retrieved from Hochschild Mining's database and internal reports. Hochschild was operator of the Jasperoide Project from 2011 to 2012 and completed two drill programs. C3 Metals has access to the entire drill database and believes that the reporting of the information was to industry standard practice.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136473

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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.

Tony Manini is a geologist with +30 years of diverse experience in the resource industry. His background covers a wide range of commodities in more than 20 countries and includes technical, commercial, and senior management and executive roles in exploration, business development, strategy and operations with Rio Tinto, Oxiana-Oz Minerals, Tigers Realm and EMR Capital.

Dan Symons brings over 15 years of mining industry related experience in business development, corporate development and investor relations with a number of highly successful junior-mid tier growth companies. Mr. Symons joins C3 Metals from Argonaut Gold where he most recently held the position of Vice President - Corporate Development and Investor Relations. Prior to this he was a key member of the Romarco Minerals Inc. executive management team in the role of Vice President, Business Development and Investor Relations. Mr. Symons has been actively involved in multiple M&A transactions totalling over $800 million and equity and debt financings totalling over $650 million and $500 million, respectively. Mr. Symons commenced his career with Renmark Financial Communications, a leading North American IR firm, and is an active member of the Canadian Investor Relations Institute. Mr. Symons holds an Honours B.A. from Concordia University in Montreal.

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) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to announce the appointment of Dan Symons to the position of President and Chief Executive Officer of the Company effective September 6, 2022. Simultaneous with this appointment Mr. Symons will also join C3 Metals' Board as a Director.

Dan Symons brings over 15 years of mining industry related experience in business development, corporate development and investor relations with a number of highly successful junior-mid tier growth companies. Mr. Symons joins C3 Metals from Argonaut Gold where he most recently held the position of Vice President - Corporate Development and Investor Relations. Prior to this he was a key member of the Romarco Minerals Inc. executive management team in the role of Vice President, Business Development and Investor Relations. Mr. Symons has been actively involved in multiple M&A transactions totalling over $800 million and equity and debt financings totalling over $650 million and $500 million, respectively. Mr. Symons commenced his career with Renmark Financial Communications, a leading North American IR firm, and is an active member of the Canadian Investor Relations Institute. Mr. Symons holds an Honours B.A. from Concordia University in Montreal.

Tony Manini, Chairman of C3 Metals Inc. stated, "We are very pleased to welcome Dan to the Company as President and CEO, and as a director. Dan brings extensive capital markets facing corporate leadership experience which is highly complimentary to the strong technical and operating capability of our team. His core background in investor relations, coupled with a strong track record in corporate financing and M&A at a number of highly successful junior-mid tier growth companies is very relevant to the C3 Metals business as we continue to grow substantive long-term value for our shareholders through the exploration and development of our outstanding portfolio of copper and gold projects in Peru and Jamaica."

Dan Symons commented, "After getting to know the C3 Metals' Board of Directors and conducting due diligence of the exploration potential of its asset base, I'm excited to be joining a team of high-calibre individuals at such a prospective company. At the end of the day, success in the mineral exploration and development business is all about the people and properties, of which I consider both to be exceptional. I believe C3 Metals is poised for discovery and look forward to working with the team to create significant value for all stakeholders as the full potential of the Company's portfolio of copper and gold projects in Peru and Jamaica is unlocked."

Pursuant to the Company's stock option plan approved by shareholders at its Annual General and Special Meeting held on March 4, 2022, the Board of Directors has granted 15,400,000 stock options to directors, officers, employees, and consultants of the Company. A total of 6,000,000 options will vest immediately, while 9,400,000 options will vest over a period of 12 months, subject to regulatory acceptance. After vesting, each incentive stock option will allow the holder to purchase one common share in the Company at a price of CAD $0.08. The incentive stock options have a term of five years, expiring on August 15, 2027 or upon departure of the option-holder. Following this stock option grant, the Company will have a total of 51,660,000 stock options outstanding representing approximately 8.76% of the outstanding common shares of the Company. The Company also granted 2,036,364 restricted share units ("RSUs") to an officer of the Company. The RSUs are payable in common shares of the Company and vest in 12 months, after the date of the grant.

Tony Manini Executive Chairman tmanini@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 in the America's. The Company's flagship project is the Jasperoide high-grade copper-gold skarn and porphyry system located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru, holding 100% ownership of 49 claims covering 267 sq km and the right to earn 100% in two additional third-party claims covering 5 sq km. the Greatiam 10 and 70 claims covering 5 sq km. 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 207 sq km 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.

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/133835

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Consolidates Strategic Position in Major Copper Producing District

C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to announce that it has significantly expanded its land holdings around its highly prospective Jasperoide project in the world class Andahuaylas-Yauri skarnporphyry copper belt of southern Peru. The Company and its subsidiaries now control a total of 272 sq km (27,198 hectares) comprising 100% of 49 claims covering 267 sq km (26,698 hectares) and the right to earn 100% in two additional third-party claims covering 5 sq km (500 hectares).

Tony Manini, Executive Chairman of C3 Metals commented,

"Through a disciplined acquisition strategy over the past three years, the Company now controls a significant near surface copper and gold oxide deposit at Jasperoide surrounded by a pipeline of similar high potential copper and copper-gold targets in a world class copper mining district. As we continue to expand and evaluate mining and processing opportunities for Jasperoide we have also commenced permitting to explore the multiple nearby high potential copper-gold prospects. Consolidating this large land position significantly enhances C3 Metals ambition of delivering a new +50Ktpa copper mining opportunity in Peru and we look forward to providing further updates as we progress our exploration and evaluation of this highly prospective land package."

Over the past year C3 Metals has been working to expand its land holdings around the Company's highly prospective Jasperoide Copper-Gold Property in southern Peru. Through staking, tenders and property purchases, the Company has established a contiguous exploration footprint in key areas of interest around Jasperoide and consolidated a significant land package over this section of the Andahuaylas-Yauri skarn / porphyry belt. The Company's land holdings have increased almost five-fold from an initial ~57 sq km (5,700 hectares) in 13 claims (see press release dated February 25, 2020) to 272 sq km (27,198 hectares) in 53 claims (Table 1).

Table 1. C3 Metals Mineral Claims Summary

(1) Includes Greatiam 10 and Greatiam 70 claims

The Jasperoide Project Area is located within the Andahuaylas-Yauri skarn/porphyry belt approximately 45km east of Minmetal's Las Bambas mine (1.2BT @ 0.61% Cu 166 197 ppm Mo1) and First Quantum Minerals undeveloped Haquira deposit (569 MT @ 0.56% Cu2), 40 km northwest of Hudbay's Constancia mine (568MT @ 0.32% Cu, 96ppm Mo3) and 100 km northwest of Glencore's Antapaccay mine (685MT @ 0.50% Cu, 0.1 g/t Au4). Historical exploration in the Jasperoide Project Area has identified multiple compelling porphyry, skarn and epithermal targets that have seen limited exploration over the last 30 years.

1 MMG Limited Mineral Resources and Ore Reserves Statement June 30, 2019 2 First Quantum Minerals Annual Information Form 2019 3 Hudbay Mineral Reserves as of January 1, 2019 4 Glencore Mineral Reserve Estimates December 31, 2018

The Company looks forward to building strong and respectful relationships with all local communities, as it progresses permit applications to initiate exploration activities on the newly acquired claims.

Figure 1: Location plan showing C3 Metals exploration holdings in southern Peru.

To view an enhanced version of Figure 1, please visit: https://images.newsfilecorp.com/files/2661/130211_43531f4324f269e5_001full.jpg

Tony Manini Executive Chairman tmanini@c3metals.com

Stephen Hughes Vice President Exploration +1 647 517 4574 shughes@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 Jasperoide high-grade copper-gold skarn and porphyry system located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru, holding 100% ownership of 49 claims covering 26,698 hectares and the right to earn 100% in the Greatiam 10 and 70 claims covering 500 hectares. 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 207 sq km 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.

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/130211

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C3 Metals Inc. (TSXV: CCCM) ("C3 Metals" or the "Company") wishes to advise that for personal reasons, Kevin Tomlinson is stepping down from his role as President and CEO. He will also resign as a director of the Company, effective June 30, 2022. Mr. Tony Manini, current Chairman of C3 Metals will take up the role of Executive Chairman to lead the Company through to the appointment of a new CEO. Mr. Tomlinson will assist in the orderly transition of duties as required.

Drilling on the Company's exciting copper-gold exploration projects in Peru and Jamaica is continuing in full swing under the leadership of VP-Exploration, Stephen Hughes.

Tony Manini, Executive Chairman commented:

"The C3 Metals Board would like to thank Kevin for his leadership over the past two years as the Company substantially advanced the Jasperoide Project in Peru towards an initial Resource. Importantly, the Company secured a large, highly prospective land position in the surrounding world class Andahuaylas-Yauri copper belt. Drilling has also commenced on a number of highly prospective targets on the Company's high potential copper-gold properties in Jamaica. The Board wishes Mr. Tomlinson all the best for his personal and professional endeavours going forward."

Tony Manini is a geologist with +30 years of diverse experience in the resource industry. His background covers a wide range of commodities in more than 20 countries and includes technical, commercial, and senior management and executive roles in exploration, business development, strategy and operations with Rio Tinto, Oxiana-Oz Minerals, Tigers Realm and EMR Capital.

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.

Tony Manini Executive Chairman C3 Metals Inc. tmanini@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.

This news release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks and uncertainties. Although these statements are based on currently available information, C3 Metals Inc. provides no assurance that actual results will meet management's expectations. Factors which cause results to differ materially are set out in the Company's documents filed on SEDAR. Undue reliance should not be placed on "forward looking statements".

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128310

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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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 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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Vancouver, British Columbia TheNewswire - September 8, 2022 Xander Resources Inc. ("Xander" or the "Company") (TSXV:XND) (OTC:XNDRF) (FSX:1XI) is pleased to provide an exploration update at its Timmins Nickel Project located near Timmins, Ontario.

The Company is pleased to announce that EarthEx Geophysical Solutions Inc. has completed the UAV‑borne magnetic survey over specific targets at the northern claim block and is presently awaiting the results. A total of 145 line-kilometres at 50 metre line-spacing with 500 metre tie-lines was flown as part of the UAV‑borne magnetic survey.

The Company is also pleased to announce that it has received the initial results of its 3D Magnetic Inversion Study using historical VTEM data. The data confirms that there are multiple conductors present that have the potential for hosting massive sulfide nickel deposits similar to the discoveries nearby by Canada Nickel Company.

Click Image To View Full Size

Figure 1 - Inversion of electromagnetic data as a Voxel Overlain with coloured elevation

The Company will work in the coming weeks to integrate the results from its UAV-born magnetic survey with the final results of the Inversion Study. The Company remains on track to commence drilling the project beginning Fall 2022 and is currently accepting bids from drill contractors. As indicated previously, a minimum of 2,500 metres is anticipated to be drilled over two (2) months, with the drill hole list and plan to be finalized following the completion of inversion works.

Deepak Varshney, Xander CEO, said, "So far in 2022 it has been a year of steady progress for Xander despite the challenges of the rapidly changing geo-economic climate and the aftermath of the COVID-19 pandemic. In late 2021 we completed an accelerated buyout of our Sennevillle properties in Quebec and acquired the Timmins Nickel Project. The closing of our oversubscribed private placement has put us in a position where a well funded treasury now lets us focus on exploration and we look forward to drilling these two excellent projects in the coming months."

The Company is also pleased to announce that it has mobilized its technical team to its Senneville Gold Project following the completion of the 1,150 line-kilometre, fixed-wing, high-resolution aeromagnetic gradiometer and digital VLF-EM survey using Terraquest Ltd.'s Matrix Digital VLF-EM frequency system.

The purpose of the visit will be to complete a ground examination of high-importance areas and to assist in planning for a drill program planned to commence in early 2023.

The technical content of this news release has been reviewed and approved by Mr. Andrew Tims, P.Geo., a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects (" NI 43-101 ").

Xander Resources Inc. is a Canadian mineral acquisition and exploration company based in Vancouver, BC, Canada focused on developing accretive gold and battery metal properties within Canada. The company currently has a focus on projects located within the Provinces of Ontario and Quebec.

Xander is exploring for commercially exploitable mineral deposits and is currently focused on deposits located in Val-d'Or, Quebec, including the Senneville Claim Group which comprises over 100 sq. km and is contiguous in the south to Probe Metals' new discovery, and contiguous in the north to Monarch Mining, in close proximity to Eldorado Gold's (formerly QMX Gold) projects, and east of the North American Lithium Deposit, Great Thunder Gold‘s Chubb Lithium property and East of the Sayona Quebec's Authier Lithium Deposit, all in the Val-d'Or Mining Camp, plus its newly acquired nickel-sulphide project in Timmins, Ontario near Canada Nickel's MacDiarmid and Crawford Projects.

ON BEHALF OF THE BOARD OF DIRECTORS

Deepak Varshney, P.Geo., President and CEO

For more information, please email ir@xanderresources.ca , or visit www.xanderresources.ca .

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.

This news release may include "forward-looking information" under applicable Canadian securities legislation. Such forward-looking information reflects management's current beliefs and are based on a number of estimates and/or assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information are neither promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.

The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

Copyright (c) 2022 TheNewswire - All rights reserved.

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Emerita Resources Corp. (TSX V: EMO; OTCQB: EMOTF) (the "Company" or "Emerita") is pleased to announce that it continues to accelerate drilling at its wholly owned Iberia Belt West project ("IBW" or the "Project"). Presently there are 9 drills on the La Romanera deposit delineation and 1 rig continues to drill at Infanta. Assay results have been received from drill holes at the La Romanera deposit (3 drill holes) and the La Infanta deposit (2 drill holes) reported below. To date, 23 drill holes have been completed on the La Romanera deposit which is the main focus of the IBW program.

According to Joaquin Merino, P.Geo., President of Emerita: "The additional drills will ensure the Company stays on track to meet our objectives with respect to delineating the La Romanera deposit. Restrictions on drilling between 2-8 PM, related to high temperatures and resulting forest fire index, are also expected to end by September 21 as temperatures moderate which will allow 24 hour operations to resume and boost productivity as well. Hunting season, which commences October 15, is not expected to impact the drill program at the La Romanera deposit."

David Gower, P.Geo., CEO of Emerita, points out, "We continue to intersect wide thicknesses of massive sulphide and are excited to see the results continue to build toward a maiden NI 43-101 resource estimate. The Company is in a strong financial position with more than $20 million in the treasury which is well above the budget for completing the campaign. Presently, there are 8 additional drill holes in the lab and 8 additional drill holes in progress at La Romanera (one rig is under repair). At La Infanta, there are 3 drill holes at the lab and one hole is in progress."

Drill holes LR009, LR013 and LR015 intercepted massive sulphide mineralization between 200 and 450 meters below surface. Holes LR013 and LR009 are along section 6700, and about 250 m apart and returned excellent widths and grades. The deposit in this area is very continuous in thickness and grades including elevated grades of gold and silver. Hole LR015, located at the western edge of the historical drilling, intercepted 20.5 m of massive pyrite but no significant base or precious metal values metals were obtained in this drill hole. The sulphide lens is thick and it is characteristic of the sulphide deposits in the Iberian volcanic massive sulphide belt to have barren sulphide zones. Additional drilling will be required in this area given the thick sulphide intercept.

Hole LR009 intercepted two lenses. The Upper Lens occurs from 560.7 m with 6.7 m grading 0.3 % Cu; 1.4 % Pb; 4.2 % Zn; 0.8 g/t Au and 102.4 g/t Ag (including 1.2 m grading 0.2 % Cu; 3.8 % Pb; 6.3 % Zn; 2.5 g/t Au and 150.8 g/t Ag). The Lower Lens was intercepted at 581.3 m depth and comprises 16.5 m grading 0.2 % Cu; 3.1 % Pb; 3.6 % Zn; 2.3 g/t Au and 254.7 g/t Ag (including 2.7 m grading 0.5 % Cu; 5.1 % Pb; 0.4 % Zn; 6.0 g/t Au and 776.2 g/t Ag and a second including 2.4 m grading 0.1 % Cu; 4.2 % Pb; 10.5 % Zn; 1.0 g/t Au and 140.4 g/t Ag).

Hole LR013 intercepted two lenses. The Upper Lens occurs from 223.0 m (200 m below surface) with 4.2 m grading 0.1 % Cu; 1.5 % Pb; 1.1 % Zn; 0.9 g/t Au and 43.5 g/t Ag (including 1.3 m grading 0.1 % Cu; 4.1 % Pb; 3.3 % Zn; 2.7 g/t Au and 98.0 g/t Ag). The Lower Lens was intercepted at 267.0 m and comprises 20.6 m grading 0.9 % Cu; 0.5 % Pb; 0.8 % Zn; 0.5 g/t Au and 46.9 g/t Ag (including 2.0 m grading 0.3 % Cu; 2.0 % Pb; 2.9 % Zn; 2.4 g/t Au and 125.0 g/t Ag and a second including 2.1 m grading 2.6 % Cu; 0.2 % Pb; 1.1 % Zn; 0.3 g/t Au and 27.0 g/t Ag).

Figure 1:  Location map showing drill holes LR009, LR013 and LR015 of the La Romanera Deposit. Hole LR015 is the western-most hole drilled by the Company to date.

https://www.globenewswire.com/NewsRoom/AttachmentNg/bf8f111a-caca-4be0-8ef2-fb2177f7685d

The 2 drill holes reported below are located on the eastern and western side respectively of the La Infanta deposit, and about 650 m apart along strike. Both holes are part of the delineation program used to demonstrate continuity of mineralization in support of a NI 43-101 mineral resource estimate.

Hole IN060 intercepted sulphide mineralization in the North Block. The deposit continues to the west in the North Block. The intercept occurs from 96.3 m comprising 1.6 m grading 1.7 % Cu; 3.5 % Pb; 7.3 % Zn; 1.0 g/t Au and 71.3 g/t Ag. The hole did not continue to intercept the South Block mineralization due to technical issues in the drill hole.

Hole IN061 intercepted mineralization in both the North and the South Block. The mineralization in the North Block occurs from 120.5 m with 2.1 m grading 0.4 % Cu; 1.5 % Pb; 2.2 % Zn; 0.4 g/t Au and 40.2 g/t Ag. The mineralized body in the South Block occurs from 191.7 m with 4.3 m grading 0.9 % Cu; 1.8 % Pb; 5.4 % Zn; 0.2 g/t Au and 55.4 g/t Ag.

Figure 2:  Location map showing drill holes 060 and 061 of the La Infanta Deposit.

https://www.globenewswire.com/NewsRoom/AttachmentNg/1cb2f783-9aec-47e3-a64e-d5c86dbbd499

Table 1: Diamond drill hole data

The scientific and technical information in this news release has been reviewed and approved by Mr. Joaquin Merino, P.Geo., President of the Company and a Qualified Person as defined by NI 43-101 of the Canadian Securities Administrators.

About Emerita Resources Corp. Emerita is a natural resource company engaged in the acquisition, exploration and development of mineral properties in Europe, with a primary focus on exploring in Spain. The Company's corporate office and technical team are based in Sevilla, Spain with an administrative office in Toronto, Canada.

Vincent Chen +1 778 990 9433 (Toronto) info@emeritaresources.com

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, the mineralization of the IBW Project; the prospectivity of the Project; the exploration of the Project; the timing and ability of the Company to produce an NI 43-101 compliant mineral resource estimate and the Company's future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Emerita, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Emerita has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Emerita does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER 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.

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Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) ('Copper Fox' or the 'Company'), through its wholly owned subsidiary Desert Fox Copper Inc., are pleased to announce the results of an early-stage Biological Evaluation ("BE") of certain parts of the Van Dyke project prepared by WestLand Engineering & Environmental Services, Tucson, Arizona.

Van Dyke is an in-situ copper recovery ('ISCR') project, located in the Tier 1 mining jurisdiction of Arizona, USA. In early 2021, a Preliminary Economic Assessment, prepared in accordance with National Instrument 43-101, (click here for the News Release) indicated an after tax Net Present Value of US$644.7 million and Internal Rate of Return of 43.4%. The PEA recommended that the project should be advanced to the Preliminary Feasibility Stage and concluded that the project has the potential to become a mid-tier copper mine producing in the order of 85 million pounds (approximately 39kt) of copper per year.

The objective of the BE was to determine if special-status species or critical habitat occur within, or will be impacted by, Project construction activities.

Elmer B. Stewart, President and CEO of Copper Fox stated, "The preservation of wildlife and wildlife habitat are fundamental aspects of Copper Fox's operating strategy and ESG policy. Based on the findings of the Biological Evaluation, Copper Fox plans to commence Phase I activities (estimated to cost US$240,000) to investigate the potential of rehabilitating and completing a comprehensive testing program on existing drill holes to establish hydrogeological monitoring sites. Results of the Phase I activities would be used to establish a base on which to advance the project to Phase II which includes additional drilling to expand the hydrogeological monitoring system and collection of data to advance the project to the Preliminary Feasibility stage."

Biological Evaluation; The BE provides a screening and effects analysis to determine the potential to occur of special-status species or their critical habitat to occur within the project area and to evaluate Project effects related to planned future activities. The area covered in the BE occurs in and near the town of Miami, Arizona, and is shown in Image #1:

To view an enhanced version of Image #1, please visit: https://images.newsfilecorp.com/files/2177/136290_d9d9571004d79a52_001full.jpg

Special Status Screening Analysis: For the purposes of the BE, Special-status species are defined as species designated by the U.S. Fish and Wildlife Service (USFWS) as Endangered or Threatened under the Endangered Species Act (ESA and species protected under the Bald and Golden Eagle Protection Act (BGEPA). Based on the special-status species list generated from the IpaC tool, a screening analysis was performed to evaluate the potential for these species to occur and to determine the presence or absence of designated or proposed critical habitat within the Project Area.

Potential for Special Status Species to Occur and Effects Determination: Of the six ESA-listed special-status species evaluated, four species have no potential to occur, and two species are unlikely to occur. Of the two BGEPA species evaluated, one has no potential to occur, and one has an unlikely potential to occur. All special-status species evaluated had an effects determination of no effect. There is no designated critical habitat within the Project Area.

ESA Listed Species: The six species listed or proposed for listing under the ESA identified for the Project Area in the IpaC query are ocelot, southwestern willow flycatcher, yellow-billed cuckoo, Mexican gray wolf, northern Mexican garter snake, and monarch butterfly. Of these six species, no species were determined to have the potential to occur of Possible, two were determined to have the potential to occur of Unlikely (yellow-billed cuckoo and monarch butterfly), and four were determined to have the potential to occur of None.

BGEPA Listed Species: Of the two BGEPA listed species, golden eagle has the potential to occur in the Project Area of Unlikely and bald eagle has the potential to occur of None.

Effects Analysis: An effects analysis for direct and indirect impacts to special-status species from Project activities was conducted for the Project Area. Effects to species afforded protection under the ESA were analyzed per the Region 2 guidance for ESA (USFWS and NMFS 1998) consultation which includes four potential effects determinations: a) No effect, b) May affect, not likely to adversely affect, c) May affect, likely to adversely affect, or d) May affect, beneficial effect.

Dust Fugitive: Dust may be generated because of the Project. Dust can affect the growth processes of vegetation and alter the structure of plant communities in an area thus potentially affecting wildlife habitat. However, considering that the Project will minimize fugitive dust through dust suppression efforts, and the Project will occur in an area that already has dust disturbance from roadways and nearby mining activities, the potential effects of dust on wildlife and vegetation are not expected to be substantially different from current conditions within the Project Area.

Noise and Vibration Noise: Noise and vibration noise levels from surface disturbance and construction are anticipated to increase in areas surrounding these activities. The Project Area is adjacent to existing roadways, mines, with substantial increases in noise levels expected to be limited to areas within approximately 1,000 ft of the Project Area (USDOT 2006). Increases in noise and vibration levels from construction would be temporary and are not expected to result from construction activities over the long term.

Surface Disturbance: Surface disturbance will impact urban properties within the Project Area. The clearing for site infrastructure will remove any actual or potential wildlife habitat within the Project Area. Disturbance would result in the loss of some vegetation that may provide suitable wildlife habitat.

Methodology of the Biological Evaluation: The BE was completed using information collected from the following public sources.

The criteria used to determine the potential of occurrence of each species included in this screening analysis are defined as follows: Present: The species has been observed within the Project Area and the Project Area is within the known range and distribution of the species, and habitat characteristics required by the species are present. Possible: There are no known records of the species within the Project Area, but the known, current distribution of the species includes the Project Area and the required habitat characteristics of the species appear to be present in the Project Area. Observations associated with citizen science databases are evidence that a species is possible within the Project Area. Unlikely: The known, current distribution of the species does not include the Project Area, but the distribution of the species is close enough such that the Project Area may be within the dispersal or foraging distance of the species, and they may show up as transients. The habitat characteristics required by the species may be present in the Project Area. None: The Project Area is outside of the known distribution of the species and or the habitat characteristics required by the species are not present.

Elmer B. Stewart, MSc. P. Geol., President, and CEO of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves the scientific and technical information disclosed in this news release.

About Copper Fox: Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSXV: CUU) and the OTC Market (OTCQX: CPFXF) in the United States focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly owned Canadian and United States subsidiaries, are the 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona and the 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia. For more information on Copper Fox's other mineral properties and investments visit the Company's website at http://www.copperfoxmetals.com.

On behalf of the Board of Directors

Elmer B. Stewart President and Chief Executive Officer

For additional information contact: Lynn Ball: investor@copperfoxmetals.com (844) 464-2820 or (403) 264-2820

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.

Cautionary Note Regarding Forward-Looking Information This news release contains forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and forward-looking information within the meaning of the Canadian securities laws (collectively, "forward-looking information"). Forward-looking information is identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets," "could," "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release include statements about: evaluation of six ESA-listed special-status species and two BGEPA species; all special-status species evaluated had an effects determination of no effect; no designated critical habitat within the Project Area; temporary increases in noise and vibration levels from construction activities; the potential effects of dust on wildlife and vegetation; surface disturbance due to construction activities would result in the loss of some vegetation that may provide suitable wildlife habitat; and commencing Phase I of the 2022 work program.

In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: obtaining the NoW approval and permits; completing the 2022 program on time and within budget; the geological, metallurgical, engineering, financial and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards; the speed of field studies and the stability of economic and market conditions. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.

Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include among others: the findings of the Biological Evaluation may not be accurate; the prediction on noise and vibration levels from construction activities may not be accurate; the potential effects of dust on wildlife and vegetation and the loss of some vegetation related to construction may not be as predicted; the 2022 work program may not be completed as planned, or at all; the drilling targets may not provide the results anticipated; uncertainties relating to interpretation of the previous results; the overall economy may deteriorate; uncertainty as to the availability and terms of future financing; fluctuations in commodity prices and demand; currency exchange rates; and uncertainty as to timely availability of permits and other governmental approvals.

A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136290

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World Copper Ltd. (TSXV: WCU) (OTCQX: WCUFF) (FSE: 7LY0) ("World Copper" or the "Company") reports that, pursuant to their news releases dated June 29, 2022, July 21, 2022 and August 31, 2022, the Company reports that in connection with the first tranche closing of the private placement on July 21, 2022, Hendrik van Alphen, Director and Chairman participated as to 666,667 units. This transaction constituted a "related party transaction" as such term is defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions from the formal valuation and minority approval requirements under MI 61- 101. The Company is exempt from the formal valuation and minority approval requirements of MI 61-101 in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25% of the Company's market capitalization."

World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused on the exploration and development of its advanced (PEA Stage) copper porphyry projects: Escalones in Chile, and Zonia in Arizona. These projects have estimated resources with significant soluble copper (potentially heap leach amenable) mineralization. In addition, each project has peripheral copper porphyry exploration targets with exciting potential to expand the established resources. World Copper is an aggressive junior resource company focused on advancing mining and exploration projects and controls significant copper oxide resources in proven mining jurisdictions.

The World Copper team has a unique skill in navigating the mining sector within Chile, with some members having worked in the country for more than 40 years and with discovery success.

On Behalf of the Board of Directors of

Nolan Peterson Chief Executive Officer

For further information, or to schedule a Zoom meeting with Management, please contact: Nolan Peterson or Michael Pound Phone: 604-638-3287 E-mail: info@worldcopperltd.com

For all Investor Relations inquiries, please contact: John Liviakis Liviakis Financial Communications Inc. Phone: 415-389-4670

For all Public Relations inquiries, please contact: Nancy Thompson Vorticom, Inc. Office: 212-532-2208 | Mobile: 917-371-4053

Twitter: https://twitter.com/WorldCopperLtd Facebook: https://www.facebook.com/WorldCopperLtd LinkedIn: https://www.linkedin.com/company/worldcopperltd

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the TSX Venture Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, currency fluctuations, title disputes or claims, environmental issues and liabilities, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company's business, financial condition and results of operations, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company's continuous disclosure documents. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136300

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Vancouver, BC TheNewswire - September 7, 2022 Avrupa Minerals Ltd. (TSXV: AVU ) (OTC:AVPMF) (FRANKFURT:8AM) is pleased to announce that it has entered into an Option Agreement with Western Tethyan Resources ("WTR") for WTR to earn-in up to 85% of the Slivova Gold Project by funding and performing certain work programs to potentially advance the Slivova Project to a mining solution.  WTR is a private exploration company based in London and Prishtina, Republic of Kosovo, and is 75% owned by London AIM-listed Ariana Resources.

Paul W. Kuhn, President and CEO, commented, "We are excited to begin working with Western Tethyan Resources to advance the new Slivova Gold Project.  Previously we identified a NI 43-101 indicated mineral resource at Slivova of 640,000 mt @ 4.8 g/t gold and 14.68 g/t silver, or approximately 98,700 ounces of gold and 302,000 ounces of silver (1) .  While the Project has been on hold since 2018, we now see a clear path for advancement at Slivova.  The new 7-year exploration license is double the size of the original permit, and includes a number of new targets that may enhance the mineral inventory.  WTR and Ariana Resources have a great deal of exploration experience in the greater Mediterranean Basin, and Ariana is a highly successful mine builder and operator."

Click Image To View Full Size

Figures 1 and 2. Maps showing location of Slivova in Kosovo, along with target areas to be upgraded.  New license is shown as a red polygon.  The names in northwest quadrant are historic Trepça base metal mines.

The Terms of the agreement are:

Due Diligence ("DD") Phase with exclusivity from September 1, 2022 ("Effective Date") to March 1, 2023

Euro 35,000 cash payment upon signing;

Euro 100,000 investment during DD Phase; however if WTR decides to vacate the Project before completion of 6-month DD, minimum of Euro 25,000 must be spent;

Euro 35,000 cash payment at the end of 6-month DD period;

Definitive Agreement to be completed and signed.

Euro 30,000 cash payment on September 1, 2023;

If WTR elects to enter the Definitive Agreement, it will invest total Euro 800,000 during first two years from the Effective Date (minimum of Euro 150,000 must be spent by September 1, 2023, post DD Phase), for exploration, drilling, baseline environmental and social surveys, landowners, etc., for 51% of the project

Stage 2: After completion of Stage 1, during the third year from the Effective Date, WTR will invest Euro 1,000,000 for NI 43-101 resource estimation, commencement of full Environmental Impact Statement ("EIS"), etc., for 75% of the project

Stage 3: During fourth and fifth year from the Effective Date, WTR must complete the EIS, Feasibility Study ("FS"), and Mining License application, for 85% of the project

Stage 4: WTR completes success payments to previous JV partner, Byrnecut International Ltd. ("BIL"):

Euro 125,000 within 30 days of the first to occur:

Completion of a positive FS (minimum 15% IRR)

Avrupa or related party making a decision to proceed with development of a mining operation within the license area

Euro 125,000 within 30 days of issuance of a mining license for the Slivova Project, and

Euro 125,000 within 30 days of commencement of mine construction within the license area.

100 troy ounces within 30 days of commencement of commercial production ("CCP");

175 troy ounces within 30 days of the first-year anniversary of CCP;

250 troy ounces within 30 days of the second-year anniversary of CCP;

325 troy ounces within 30 days of the third-year anniversary of CCP.

Stage 5: Avrupa participates in the mine build or dilutes to 1% NSR.

Western Tethyan Resources (WTR) is a UK-registered, mineral exploration and development company focused on South East Europe. The company has a strategic alliance with Newmont Corporation and Ariana Resources and is currently focused on exploration for major copper-gold deposits in the Lecce Magmatic Complex and Vardar Belt. The company is assessing several other exploration project opportunities across Eastern Europe, targeting copper-gold deposits across the porphyry-epithermal transition.

Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company directed to discovery of mineral deposits, using a hybrid prospect generator business model.  The Company holds one 100%-owned license in Portugal, the Alvalade VMS Project, presently optioned to Sandfire MATSA in an earn-in joint venture agreement.  The Company now holds one 100%-owned exploration license covering the Slivova gold prospect in Kosovo, and is actively advancing four prospects in central Finland through the recently-announced acquisition of Akkerman Finland Oy.  Avrupa focuses its project generation work in politically stable and prospective regions of Europe, presently including Portugal, Finland, and Kosovo.  The Company continues to seek and develop other opportunities around Europe.

For additional information, contact Avrupa Minerals Ltd. at 1-604-687-3520 or visit our website at www.avrupaminerals.com .

On behalf of the Board,

"Paul W. Kuhn"

Paul W. Kuhn, President & Director

This news release was prepared by Company management, who take full responsibility for its content.  Paul W. Kuhn, President and CEO of Avrupa Minerals, a Licensed Professional Geologist and a Registered Member of the Society of Mining Engineers, is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.  He has reviewed the technical disclosure in this release.  Mr. Kuhn, the QP, has not only reviewed, but prepared and supervised the preparation or approval of the scientific and technical content in the news release.

Neither 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.

Copyright (c) 2022 TheNewswire - All rights reserved.

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EMP Metals Corp. (CSE: EMPS) (OTC: EMPPF) ("EMP Metals" or the "Company ") announces that it has acquired the remaining interest of its subsidiary Hub City Minerals Corp. ("Hub City") pursuant to the terms of a share purchase agreement among EMP Metals, Hub City Royalty Corp. ("Hub City Royalty") and the security holders of Hub City (the "Purchase Agreement"). EMP Metals now holds a 75% interest in Hub City Lithium Inc., which owns a highly prospective package of lithium brine focused permits in Southern Saskatchewan (the "Li-Brine Properties").

Rob Gamley , CEO states, "Our exploration success at the Mansur permit area, returning lithium concentrations in the Duperow formation up to 96.3 mg/l, and the high prospectively of the Li-Brine Properties warranted the acquisition of the remaining interest of Hub City.  By granting a net profit interest in Hub City, we ensured no dilution to the public company thereby enhancing shareholder value.  We are excited about upcoming drilling activities at the Li-Brine Properties."

Under the terms of the Purchase Agreement, EMP Metals acquired the remaining 33% of the shares of Hub City from the minority shareholders of Hub City and, in consideration of which, EMP Metals transferred all of the shares of Hub City Royalty to the minority shareholders of Hub City.  Hub City Royalty holds a 25% interest in the net profits of Hub City upon commencement of commercial production of the Li-Brine Properties.

EMP Metals is a Canadian-based exploration company focused on the acquisition and exploration of mineral projects with significant development potential. Its current portfolio of lithium brine properties consists of 37 permits totaling 212,633 acres (86,050 hectares) of Subsurface Crown Mineral Dispositions in the Williston basin of Southern Saskatchewan . Brine sampling of a vertical wellbore located on one of the properties returned lithium concentrations in the Duperow formation up to 96.3 mg/l. For more information, please go to the Company's website at www.empmetals.com .

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. EMP Metals cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond EMP Metals' control. Such factors include, among other things: risks and uncertainties relating to EMP Metals' limited operating history, ability to obtain sufficient financing to carry out its exploration and development objectives on its mineral properties, obtaining the necessary permits to carry out its activities and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, EMP Metals undertakes no obligation to publicly update or revise forward-looking information.

Neither the Canadian Securities Exchange ("CSE") nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.

View original content: http://www.newswire.ca/en/releases/archive/September2022/07/c0446.html

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