Baselode Announces Scholarship for Indigenous Students in Partnership with YMP Scholarship Fund

Metal Energy Corp. (TSXV: MERG) (the " Company " or " Metal Energy ") and Mistango River Resources Inc. (CSE:MIS) (" Mistango ") are pleased to jointly announce that they have entered into an option agreement (the " Option Agreement ") and a call option agreement (the " Call Option Agreement "), each dated October 28, 2022 . Each such agreement pertains to a 15% interest ‎(except the NSR as defined below)‎ (the " Interest ") in Metal Energy's Manibridge project (the " Project "), consisting of 19 mineral claims encompassing approximately 4,368 hectares, located in the province of Manitoba approximately 20 kilometers southwest of Wabowden, Manitoba .

Metal Energy Corp. ("the " Company " or " Metal Energy ") (TSXV: MERG) is pleased to announce the acquisition of 70% interest in the Manibridge project (" Manibridge " or the " Project ") effective August 16, 2022 . Metal Energy also announces it has elected to continue exploration to earn up to 100% interest in Manibridge and expects to complete this milestone in the near term.

"We were enthused about the recent results of Manibridge's Phase 1 drill program of intersecting wide high-grade nickel interceptions in every hole. These intersections and the visuals from Phase 2's drill core continue to affirm our belief that Manibridge has excellent redevelopment potential. We are very pleased to not only complete this milestone but do so well in advance of the original option agreement time frames," said James Sykes , CEO of Metal Energy.

• 0.92% Ni eq. over 32.95 m starting at 150.45 m including 1.24% Ni eq. over 11.45 m at 169.1 m in drill hole MNB004
• 0.81% Ni eq. over 13.5 m starting at 337.5 m in drill hole MNB003
• 1.13% Ni eq. over 9.0 m starting at 700.0 m including 1.62% Ni eq. over 5.0 m at 701.0 m in drill hole MNB006
• Two drill holes intersected thick composite mineralization over 100 and 80 metres in length with 40% and 55% of those intervals being mineralized, respectively

 Metal Energy Corp. (the " Company " or " Metal Energy ") (TSXV: MERG) is pleased to announce assay results ( Table 1 ) from the Phase One drill program (the " Program ") completed in March and April on the high-grade nickel and copper-cobalt Manibridge project (the " Project " or " Manibridge ") in the Thompson Nickel Belt, Manitoba.  The Program successfully intersected high-grade nickel-sulphide mineralization over a one kilometre strike length within the shadow of the past-producing Manibridge mine that produced 1.3 million tonnes at 2.55% nickel and 0.27% copper from 1971 to 1977.

"The results from the Program are very encouraging and better than expected. They've answered many of our preliminary questions on Manbridge's Phase 1.  These six holes have;

Metal Energy Corp. (" Metal Energy " or the " Company ") (TSXV: MERG) is pleased to announce that it will be featured at Ore Day which will be broadcast today June 10 th at 9 am ET at www.Oreday.com

Ore Day is a conference hosted by the Ore Group of Companies who focus on gold, copper, nickel, and uranium development projects.

Metal Energy Corp. (the " Company " or " Metal Energy ") (TSXV: MERG) is pleased to announce its started its Phase 2 10,000 metre drill program (the " Program ") on the high-grade nickel and copper Manibridge project (the " Project " or " Manibridge ") in the Thompson Nickel Belt, Manitoba . Drilling will focus within the shadow of the past-producing mine that produced 1.3 million tonnes at 2.55% nickel and 0.27% copper from 1971 to 1977.

"We're very excited to start this large drill program on Manibridge. There's a lot of underexplored potential within the shadow of the old mine workings and we intend to prove up the nickel and copper endowment. Our Phase 1 drill program within the same target area had a 100% drill hole intersection success, indicating that our model is accurate and hinting that a lot of nickel-copper sulphide mineralization remains to be discovered along this trend. Our current drill program will include a series of drill fans along twelve 50 metre-spaced drill setups. We believe this drill density will provide sufficient detail to accurately characterize the geology of the mineral system. We recently received permit approvals for up to 100,000 metres of diamond drilling on the Project; this is Phase 2 of a 2-year plan. We're committed to advancing Manibridge efficiently and effectively. There's potential for bulk tonnage mineralization within 300 metres of surface and we intend to start defining it with this drill program," said James Sykes , CEO of Metal Energy.