BURFJORD JOINT TECHNICAL COMMITTEE APPROVES $1.9 MILLION EXPLORATION BUDGET FOR 2022

BURFJORD JOINT TECHNICAL COMMITTEE APPROVES $1.9 MILLION EXPLORATION BUDGET FOR 2022

Norden Crown Metals Corp. (" Norden Crown " or the " Company ") (TSXV: BMX) (OTC: NOCRF) (Frankfurt : 03E) is pleased to announce that the Burfjord Joint Venture Committee (Boliden Minerals AB and Norden Crown ) has designed and approved an exploration budget of 1.94 Million ($CAD) for the Burfjord Project in 2022.  Planned exploration at Burfjord in 2022 consists of diamond drilling, ground electrical and airborne magnetic geophysics, mapping, sampling (rock and soil), and prospecting.  Boliden has completed USD $1.909 Million in expenditures at Burfjord to date which represents 32% of their expenditure commitment to earn 51% of the project (first threshold).  Previous drilling by  Norden  Crown  (see  March  20,  2019  News  Release)  at Burfjord  returned  compelling  results  including  an  intercept  of 32  metres  averaging 0.56%  copper  and  0.26  gt  gold  (including  3.46  metres  of  4.31%  copper  and  2.22 gt  gold)  at  shallow  depths below  a  cluster  of  historic  mine  workings 1,2 .  Historical drilling  on  the  Project  (Cedarsgruvan)  was  reported  to  have returned  7.0  metres averaging  3.6%  copper 3 .

President and CEO Patricio Varas stated "In these times of Covid restrictions and intermittent access to the projects we are pleased to report that Norden Crown was able to carry out drilling, ground and airborne geophysics and significant geological mapping and sampling to advance the Burfjord project.  Drilling, geological and geophysical results have led the technical committee to put together an exciting exploration program that has potential for new discoveries of IOCG Copper mineralization.  We are delighted to join our partners, Boliden, in approving this promising exploration budget."

Burfjord 2022 Exploration

Norden Crown together with partner Boliden Mineral AB ("Boliden") have designed and approved an exploration program and budget totaling (CAD) $1,946,226 that provides for exploration drilling, exploration geophysics, surface geochemical sampling, mapping, and prospecting at the Burfjord Project, northern Norway . The objective of the 2022 exploration program is to test several existing drill stage targets on the property and to advance a series of targets to the delineation stage with drill testing.

Exploration Geophysics

UAV Airborne Magnetic Geophysics

Norden Crown will resume an airborne magnetic geophysical survey at Burfjord which was delayed due to Covid related access restrictions in 2021.  A total of 250 line-kilometres of UAV airborne magnetic data will be collected over the northern half of the land position (total survey size: 860 line-kilometres).  These data will help refine the Burfjord geological and structural framework and aid in target selection and target ranking.

Time-Domain Electromagnetic Geophysical Survey

A total of 5-time domain electromagnetic ("TEM") geophysical survey loops compliment the Phase I surveying done in 2019 (News Release August 23, 2020 ) which produced compelling drill targets.  Data from Phase II will be used to generate additional conductive, copper prospective anomalies.  Results (anomalies) from TEM surveys will aid in target selection and ranking.

Borehole EM Survey

Borehole EM Geophysics may be utilized as part of the 2022 drill program. Borehole EM Geophysics will utilize existing drill holes as well as new drill holes to identify conductive sulphide mineralization with the potential to host copper mineralization.

Soil Sampling

An extensive, high-resolution soil survey (portable XRF; 100 meter lines, 25 meter stations) is planned for the 2022 summer program.   The planned survey includes a 3,000 sample orientation survey which may be followed by a property wide soil sampling initiative with the objective of producing high resolution multi-element geochemical anomalies for drill testing.  These data are expected to also enhance existing geological and geophysical targets as well as areas of interest.

2022 Diamond Drilling

A total of 2,500 meters of diamond drilling is planned for 2022 with the objective of expanding the footprint of the copper mineralization discovered by the drill programs carried out in 2021.  The drilling will also test new high priority TEM geophysical targets coincident with zones of copper mineralization on surface, accompanied by strong altered and brecciated rocks.   Drill targets have been assembled and ranked but will be further refined based on the geological, geophysical, and geochemical data from the ongoing exploration programs.

Mapping, Sampling and Prospecting

A 45-day mapping, sampling and prospecting program will be conducted in 2022 with the objective of better defining geological controls, including structural and alteration distribution and density, advancing and ranking high-priority exploration targets at Burfjord.

Burfjord Joint Venture Terms

Norden Crown entered into an option agreement (the "Agreement") with Boliden in respect to Burfjord (see June 10, 2020 News Release). To earn its 51% interest in the Project, Boliden must fund 100% of the exploration programs by spending US$6 Million over the next four years.

Overview of the Burfjord Project

The Project, located in the Kåfjord Copper Belt near Alta, Norway is highly prospective for Iron Oxide Copper Gold (IOCG) and Sediment Hosted Copper mineral deposits.  High-grade copper-gold veins at Burfjord that were historically mined (pre 20th century) at reported cutoff grades of 3-5% Cu are surrounded by envelopes of stockwork veins or disseminations of copper mineralization extending tens to hundreds of metres laterally into the host rocks.  Norden Crown and Boliden believe this mineralization has economic potential and represents an attractive bulk tonnage exploration target.  Burfjord is comprised of six exploration licenses totaling 5,500 hectares in the Kåfjord Copper Belt near Alta in Norway . During the nineteenth century, copper mineralization was mined from over 30 historic mines and prospects developed along  the  flanks of a prominent 4 x 6-kilometre fold (anticline) consisting of interbedded sedimentary and volcanic rocks.  Many of the rocks in the anticline are intensely hydrothermally altered and contain sulphide mineralization.

About Norden Crown

Norden Crown is a mineral exploration company focused on the discovery of silver, zinc, copper, and gold deposits in exceptional, historical mining project areas spanning Sweden and Norway.  The Company aims to discover new economic mineral deposits in historical mining districts that have seen little or no modern exploration techniques.  The Company is led by an experienced management team and an accomplished technical team, with successful track records in mineral discovery, mining development and financing.

Qualified Person

Daniel MacNeil , P.Geo, a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has read and approved all technical and scientific information contained in this news release. Mr. MacNeil is Vice President Exploration for Norden Crown .

References

1 Intercept reported as reported in drill core. The true width is estimated at 85-100% of the reported interval.

2 See Norden Crown's March 20, 2019 News Release for discussion of analytical methods, QA/QC and core handling protocols.

3 Source:  NGU  Deposit  Factsheet,  Deposit  Area  1943-010,  1997.  Norden  Crown's  property  reviews  have  confirmed  the  geologic  setting  and    occurrence  of  mineralization  on  the  Project  and  considers  the  historic  exploration  data  to  be  relevant  as  reported  in  public  disclosures  and government  reports.

On behalf of Norden Crown Metals Corp.

Patricio Varas , Chairman and CEO

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.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain statements that may be deemed "forward–looking statements".  Forward–looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.  Forward-looking statements may include, without limitation, statements relating to future outlook and anticipated events, such as the successful completion of the exploration program (consisting of diamond drilling, mapping, prospecting, outcrop sampling, airborne magnetic and ground electromagnetic geophysical surveys) as discussed herein, the dates the various segments of the exploration program will commence, the duration of various segments of the exploration program, and the planned uses of the resulting data. Although Norden Crown believes the expectations expressed in such forward–looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward–looking statements.  Such material risks and uncertainties include, but are not limited to, [NTD: the exploration program is characterized as fully-funded] the ability of the various contracted entities to complete their duties within the time expected by the Company, inclement weather conditions that may impede, delay or stop all or part of the exploration program, the effects of the Covid 19 epidemic or other epidemics or pandemics, mechanical breakdowns of equipment used in the exploration programs, changes in economic conditions or financial markets; the ability of Norden Crown to obtain the necessary consents required to explore, drill and develop the projects and if obtained, to obtain such consents in a timely fashion relative to Norden Crown plans and business objectives for the projects; the general ability of Norden Crown to drill test its projects and find mineral resources; if any mineral resources are discovered or acquired, the Company's ability to monetize any such mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations. Forward–looking statements are based on the reasonable beliefs, estimates and opinions of Norden Crown management on the date the statements are made. Except as required by law, Norden Crown undertakes no obligation to update these forward–looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

SOURCE Norden Crown Metals Corp.

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NORDEN CROWN RECEIVES NOTICE OF BOLIDEN'S FIRST OPTION ABANDONMENT OF THE BURFJORD AGREEMENT.

NORDEN CROWN RECEIVES NOTICE OF BOLIDEN'S FIRST OPTION ABANDONMENT OF THE BURFJORD AGREEMENT.

Norden Crown Metals Corp. ("Norden Crown" or the "Company") (TSXV: NOCR) has received a first option abandonment notice from Boliden AB ("Boliden") withdrawing from the Burfjord project option agreement.

As per the contract terms, Boliden will leave the project in good standing until the end of the 90 day termination notice period, and will fulfill all contractual obligations as defined by the contract provision.

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NORDEN CROWN CONTINUES TO INTERSECT COPPER AT BURFJORD JV COPPER-GOLD PROJECT

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Norden Crown Metals Corp. ("Norden Crown" or the "Company") (TSXV: NOCR) provides results for an eighteen diamond drill hole reconnaissance program carried out this past summer, totaling 3,499.40 metres at the Burfjord copper-gold project ("Burfjord" or the "Project").  Significant drill results include 36 metres of 0.48% copper in hole BUR-22-017, which includes a 3.7-metre intercept with a grade of 2.83% Cu.  Significant drill intercepts are shown in Table 1.  Drilling at Burfjord was completed on time and under budget.

The Burfjord IOCG project hosts numerous high-grade veins and associated copper-mineralized alteration envelopes approximately 6 kilometres by 4 kilometres in extent.  The large associated alteration footprint and widespread copper mineralization present in historical workings and intersected in Norden's reconnaissance drilling suggests there is potential to host a large bulk tonnage copper deposit.

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NORDEN CROWN COMPLETES SUMMER DRILLING EXPLORATION PROGRAM AT THE BURFJORD COPPER-GOLD PROJECT, NORWAY

Norden Crown Metals Corp. (" Norden Crown " or the " Company ") (TSXV: NOCR) (OTC: NOCRF) ( Frankfurt : 03E) is pleased to announce completion of a 3,499.40 m metre diamond drilling program at its 100% owned Burfjord Copper Project (" Burfjord " or the " Project ") in partnership with Boliden Mineral AB ("Boliden) in northern Norway . The primary objective of the drill program was to evaluate the copper-gold grade and continuity of newly established targets within areas of extensive historical mining and trenching.

Norden Crown intersected previously untested IOCG style copper mineralization, which subsequently became the focus of the drilling program.  Norden Crown is excited to share the assay results in the coming months.

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NORDEN CROWN COMMENCES MINIMUM 3,000M DRILL PROGRAM AT THE BURFJORD COPPER-GOLD PROJECT, NORWAY

NORDEN CROWN COMMENCES MINIMUM 3,000M DRILL PROGRAM AT THE BURFJORD COPPER-GOLD PROJECT, NORWAY

Norden Crown Metals Corp. (" Norden Crown " or the " Company ") (TSXV: NOCR) (OTC: NOCRF ( Frankfurt : 03E) has begun an estimated 3,000 to 5,000 metre diamond drilling program at its 100% owned Burfjord Copper Project (" Burfjord " or the " Project ") in northern Norway in partnership with Boliden Mineral AB ("Boliden) in northern Norway.  A variety of anomalous geological, geochemical, and geophysical targets have been identified which have potential to host economic copper-gold mineralization.  The primary objective of the drill program is to evaluate the copper-gold grades and test the continuity of newly established targets within an area of extensive historical mining and trenching. Stratigraphic drill holes are also planned to supplement targeting and expand prospectivity along the axis of the Burfjord anticline.

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Norden Crown Completes High Resolution Ground Magnetic Survey At Fredrikssons Gruvan, Gumsberg Project

Norden Crown Completes High Resolution Ground Magnetic Survey At Fredrikssons Gruvan, Gumsberg Project

Norden Crown Metals Corp. (" Norden Crown " or the " Company ") (TSXV: NOCR) (OTC: NOCRF) ( Frankfurt : 03E) is pleased to announce completion of a 450 line-km ground magnetic survey at the Fredrikssons Gruvan prospect (" Fredrikssons Gruvan ") in the Bergslagen province of Southern Sweden . This is the largest and highest-resolution magnetic survey completed in the history of the area.

The magnetic survey follows up on the first three discovery holes at Fredrikssons Gruvan, drilled in the winter of 2021, where all three holes intersected significant mineralized widths ranging from 8.15 to 13.6 metres of precious and base metal (see Table 1), massive and semi-massive sulphide mineralization, within a geological setting unique to mineralization belonging to the Broken Hill Type (" BHT ") clan of silver rich zinc-lead ore deposits.

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International Lithium Announces Private Placement

International Lithium Corp. (TSXV: ILC,OTC:ILHMF) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce a non-brokered private placement (the "Offering") of up to 66,666,667 common shares at CAD $0.015 per share to raise gross proceeds of up to $1,000,000. The Company may pay finders fees on a portion of the placement.

Proceeds of the private placement will be used partly to allow the Company to invest in growing its Southern African and Canadian operations and partly for general working capital purposes. Payments to persons conducting Investor Relations activities are expected not to exceed 10% of the proceeds.

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Nuvau Minerals Inc. (TSXV: NMC) has begun its minimum 1,500 m drill program aimed at testing continuity and extensions to the orogenic gold system discovered last month. The discovery was made with the first hole drilled of an inaugural gold-focused exploration program, in the footwall of the Bracemac-McLeod Mine approximately 200 m below surface. The follow-up program is being drilled immediately north east of this base metal mine, which was in production until mid 2022.

The Matagami Property is in the northern Abitibi Region of Quebec, one of the world's most prolific gold endowed districts. This northern part of the Abitibi region includes Canada's largest gold producing mine with the country's largest gold mineral reserves: the Detour Lake Mine owned by Agnico Eagle Mines Limited. Hecla Mining Company's Casa Berardi Mine, which has produced over 3 million ounces of gold, is located to the southwest of the Matagami Property (see Figure 1 below).

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Strong drilling targets identified next to high-grade gold-copper mine

Strong drilling targets identified next to high-grade gold-copper mine

HIGHLIGHTS:

  • Cygnus has identified numerous drilling targets near the historic high-grade Cedar Bay mine, which produced 400Koz Au and 61Kt Cu at an average of 4% CuEq, 2 within the Chibougamau Project
  • Targets identified through ongoing review of historical data and drill logs using Cygnus' innovative custom-built AI solution
  • This highly successful approach has already delivered significant gold and copper results at Golden Eye, which will be included in the imminent resource update
  • Cedar Bay closed in 1990 when the price of copper was just US$1,150/t (US$0.52/lb) and gold was US$380/oz, and is located less than 3km from Cygnus' central processing plant
  • Cygnus aims to significantly increase the remaining unmined high-grade resource at Cedar Bay, which currently stands at 130kt at 8.9% CuEq Indicated and 230kt at 8.5% CuEq Inferred 1
  • Mineralisation is open in numerous directions, with high-grade intersections outside of the current resource, including: 3
    • 3.4m @ 16.8% CuEq (4.8% Cu, 15.2g/t Au & 23.3g/t Ag) (CB-27-9)
    • 2.9m @ 9.6% CuEq (8.4% Cu, 1.0g/t Au & 43.0g/t Ag) (CB-27-6)
  • At Corner Bay, final infill results have been received and will feed into next month's resource update; These include:
    • 3.5m @ 4.9% CuEq (4.2% Cu, 0.5g/t Au & 27.3g/t Ag) (CB-25-123)
    • 1.8m @ 7.7% CuEq (6.3% Cu, 0.9g/t Au & 45.9g/t Ag) (CB-25-125)
Cygnus Executive Chairman David Southam said : "These latest targets, supported by historical drilling data, are located right next to a high-grade mine, making them compelling.

"Given their potential to help drive resource growth, we are mobilising another rig with the aim of drilling the targets ASAP.

"In the meantime, we are feeding the final results from Corner Bay into our updated resource model, which is set to be released next month. The resource update, combined with a pipeline of targets and multiple rigs turning, ensures we are maximising our ability to create significant shareholder value.

"Uncovering these new growth targets through our compilation strategy adds further weight to the work we are doing in the background which has already delivered success at Golden Eye in a mere six months of taking ownership. The Chibougamau camp has successfully produced a significant amount of high-grade gold and copper over a long history with multiple mines that have not been geologically or economically examined in over 35 years".

Cygnus Metals Limited (ASX: CY5; TSXV: CYG; OTCQB: CYGGF) ("Cygnus" or the "Company") is pleased to announce new promising targets next to an historic high-grade mine within its Chibougamau Copper-Gold Project in Quebec.

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Vertex Minerals Limited  Underground Production Commences at the Reward Gold Mine Project

Vertex Minerals Limited Underground Production Commences at the Reward Gold Mine Project

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX,OTC:VTXXF) (OTCMKTS:VTXXF) commences underground production at the Reward Gold Mine, moving to high grade gold production.

Operational Milestones

- First blasting of gold producing ore on the Lady Belmore Reef was undertaken over the weekend.

- The material will start complementing the low-grade gold stockpile feed to the Gravity Processing Plant, until all mining fronts are enabled.

- In forthcoming weeks, VTX remains firmly on track to commence processing of high-grade stope ore from the underground mine.

- The Reward Underground 11kva to 1000v Transformer Substation is installed and powered up. Cabling to the Primary Fan is completed.

- Access Drives to the two Starter Stopes are being cleaned, ready for the Production Rig to commence drilling the High-Grade Stopes.

- Decline 3 developed on the Mica Vein is fully dewatered, ready to be flatback mined for providing further gold feed to the Gravity Plant.

- Vertex aims to have developed at least 4 mining fronts and maintain continuous feed to the plant, which will involve various mining methods.

- Mining the Reward Gold Mine - Resource 225kozs at 16.7g/t

As previously announced, the startup mine schedule includes mining 2,075 tonnes at 17.8 g/t Au from a developed airleg stope block. The planned stope width is the same as the interpretation of the mineralisation. Refer to VTX ASX announcement 4th June 2025

Given the stope will take some time to extract, additionally, the Vertex Geology and Mining Team have brought forward a very high-grade long hole stope to commence mining in August 2025. The high-grade long hole stope isto be mined with a long hole stope method, using the Epiroc Production Rig.

*To view photographs, please visit:
https://abnnewswire.net/lnk/2U10401V



About Vertex Minerals Limited:

Vertex Minerals Limited (ASX:VTX,OTC:VTXXF) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

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Prismo Metals Announces Closing of Oversubscribed Private Placement

Prismo Metals Announces Closing of Oversubscribed Private Placement

(TheNewswire)

Vancouver, British Columbia, August 8th, 2025 TheNewswire Prismo Metals Inc. (" Prismo " or the " Company ") (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce that further to its news releases dated July 3, 2025, July 18, 2025 and July 31, 2025, the Company has proceeded with an upsized closing of its previously announced non-brokered private placement (the "Private Placement" ) of units of the Company (" Units ") at an issue price of $0.06 per Unit (the " Third Closing "). The closing was increased from 6,000,000 Units to the issuance of 6,425,000 Units for gross proceeds of $385,500.

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