1844 Announces Primary High-Resolution Survey and Extends Its Position to 295 Claims on Native Copper Project

1844 Announces Primary High-Resolution Survey and Extends Its Position to 295 Claims on Native Copper Project

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

1844 Resources Inc. (TSX-V:EFF) (the " Company " or " 1844 ") is pleased to announce that it has completed its high-resolution aerial magnetic survey (the "Survey") over the northeast part of is Native Copper property, located in the Southern part of the Gaspé Peninsula.

The Survey, completed by Prospectair Geosurveys, consisted of a total of 3,402 line km, carried out on flight lines spaced 50 meters apart. This type of survey makes it possible to interpret geological and structural mapping by illustrating contrasts of magnetic susceptibilities and identifies geological units, mainly volcanic units on the project, faults, and folds. (Fig: 220503_1844_CuivreNatif_Mag_PR.pdf)

The detail of the survey, combined with the MPPF lidar survey and the 2D compilation of historical data, will allow a 2D geological and structural mapping of the volcano-sedimentary units of the "Membre de l'Observation" members and the Mckay member: two members identified as metallotect having demonstrated the presence of mineralization of the copper.

The reported geophysical survey data remains in preliminary form, awaiting final processing and leveling. The Company anticipates that the results of the first vertical derivative (FVD) and the tilt derivative (TILT) will highlight the local drops in the high frequency magnetic field close to the surface, and thus indicate potential zones of alteration and fluid circulation. Additionally, the Survey will help to interpret and highlight the high porosity units and the regional and/or local structures responsible for the circulation of copper mineralizing fluids.

MR. Sylvain Laberge, President and CEO of 1844 states "We are very pleased with the initial results of the Survey and look forward to receiving the final interpretation in due course. All of the geological work that we have completed to date indicate a high level of confidence in the prospective nature of the Native Copper project."

1844 further announces that it has extended its land position by claiming 17 new cells and by acquiring a 100% undivided interest in 7 additional claims on its Native Copper Project from a private arms-length vendor ( "Vendor"). As consideration, the Vendor will receive cash consideration of $5,000, 500,000 common shares and a 2% net smelter returns royalty, 1% of which may be retired for a one-time payment of $750,000. (Fig : 220503_1844_CuivreNatif_Titres_PR.pdf)

About Native Copper: 1844 Resources has 100% undivided interest in 295 claims in the Southern part of the Gaspé Peninsula, to the North-West of the municipality of Chandler and Northeast of Port-Daniel. The project now extends on 98sq/km and 7 known showings are part of the property.

About 1844 Resources Inc.: 1844 is an exploration company with a focus in strategic and energetic metals and underexplored regions "Gaspé, Chibougamau Québec". With a dedicated management team, the Company's goal is to create shareholder value through the discovery of new deposits.

Bernard-Olivier Martel, P. Geo, the Company's Director of Exploration, is a qualified person (as such term is defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ) and has reviewed and approved the technical disclosure contained in this news release.

1844 Resources Inc.

(signed) " Sylvain Laberge "

Sylvain Laberge
President and CEO
514.702.9841
Slaberge@1844resources.com

FORWARD LOOKING INFORMATION

This press release contains statements which, other than statements of historical fact constitute "forward-looking statements" within the meaning of applicable securities laws, including statements with respect to: results of exploration activities, mineral resources. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. This press release contains forward-looking information in a number of places, such as in statements relating to use or proceeds from the Offering, the closing of the Offering and the ability to obtain the necessary regulatory approvals. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Company's annual information form for the year ended April 30, 2021, available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or 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. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.


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1844 Announces Addition of Mr. Andre Gauthier to the Board of Directors

1844 Announces Addition of Mr. Andre Gauthier to the Board of Directors

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") is extremely pleased to announce the addition of Mr. Andre Gauthier to the board of directors effective immediately. [1]

Mr. Gauthier holds a B.Sc. in Geological Engineering and a M. Sc. in Mineral Exploration both obtained from the UQAC - Chicoutimi, (Québec) and is an active member and leader of many mining and professional organizations (Canada, Peru, UAE, and China).

Mr. Sylvain Laberge, President and CEO of 1844 states "On behalf of our board of directors, I would like to welcome Mr. Gauthier. His impressive resume over the span of his career, along with his experience and knowledge of both company and resource development in Quebec further strengthens our already strong team."

Mr. Gauthier's career has spanned 50 years and projects in over 35 countries. He has held senior positions, including officer and directors' appointments in SOQUEM, Falconbridge, Noramco Mining, Cambior Inc., Maxy Gold Corp (China), Inca Pacific Resources, Lara Exploration Ltd., Vena Resources Inc., and Western Union Peru.

Additionally, Mr. Gauthier has been involved in many Gold and Copper discoveries and acquisitions, including Lac Shortt (Canada), La Arena (Peru), Anabi Minaspata (Peru), Luchun (China), Metates (Mexico), La Granja and La Virgen (Peru) and Pachon (Argentina).

Since 2020, Andre has been leading Eval Minerals, his private company involved in mineral investment and advisory. He is on the board of various companies involved in the exploration industry, both privately owned or listed on the Canadian Stock exchange. Since April 2024 Andre is also vice president of CAUR Technologies, a revolutionary Seismic technology which is part of Geophysics GPR International.

About 1844 Resources Inc: 

1844 is an exploration company with a focus in strategic and energetic metals and underexplored regions "Gaspé, Nunavik Québec".  With a dedicated management team, the Company's goal is to create shareholder value through the discovery of new deposits.

1844 Resources Inc.

(signed) "Sylvain Laberge"               

Sylvain Laberge 
President and CEO
514.702.9841 
Slaberge@1844resources.com

FORWARD LOOKING INFORMATION

This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expected closings of the Unit Offering and the Option Agreement and the receipt of regulatory approval, including approval by the Exchange. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on several assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: general business and economic conditions; the availability of additional exploration and mineral project financing; and Exchange approval.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include exploration or other risks detailed from time to time in the filings made by the Company with securities regulators, including those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

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

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Holding a bachelor's degree in business administration from Laval University, Mr. Olivier has led a 20-year career in wealth management and financial advisory in Quebec and has a strong history of managing investment in the junior natural resources industry. Mr. Olivier has extensive expertise in entrepreneurship and business development and is also involved in various charitable works, including sitting as the Chairman of Directors of Adaptavie Inc.

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TIME: 11:30 AM ET
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