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.

Figure 1.  Plan map showing, geology, anomalous rock sample (copper), target locations and 2021 drill hole locations. (CNW Group/Norden Crown Metals Corp.)

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.

Norden Crown Metals Corp. Logo (CNW Group/Norden Crown Metals Corp.)

SOURCE Norden Crown Metals Corp.

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Outcrop Silver & Gold Corporation (TSXV:OCG, OTCQX:OCGSF, DE:MRG) ("Outcrop Silver") is pleased to announce the commencement of the maiden drill program at the Pearl Copper Project located in Arizona United States . The drilling campaign will be fully funded by Golden Mile Resources Limited (ASX: G88), whereby Golden Mile is currently earning a 51% interest through funding this A$2 million maiden drill program. Outcrop Silver retained a 1% net smelter return (NSR) royalty.

Outcrop Silver logo (CNW Group/Outcrop Silver & Gold Corporation)

Highlights

  • Outcrop Silver advances the Pearl Copper project through an earn-in agreement with Golden Mile Resources (ASX:G88). Program fully funded by Golden Mile .
  • The Pearl project is located in the prolific Laramide porphyry copper district, which is responsible for 70% of the United States of America's copper production.
  • All drilling permits secured from the Bureau of Land Management (BLM) and the Arizona State Land Department (ASLD).
  • The maiden drill program to test high-grade copper-silver-gold targets at the Odyssey and Ford prospects has commenced.

" Golden Mile's fully funded drill program moves Pearl forward at no cost to Outcrop Silver and exemplifies our strategy of unlocking value from non-core assets while we focus capital on expanding the high-grade Santa Ana silver project in Colombia ," stated Ian Harris , President & CEO of Outcrop Silver.

The Pearl Copper project is located in the Laramide porphyry copper district, one of the most prolific copper-producing regions globally, accounting for approximately 70% of U.S. copper production. The project sits immediately north of BHP's past-producing San Manuel-Kalamazoo Mine and along the trend with Capstone Copper's active Pinto Valley Mine, benefiting from exceptional infrastructure and a skilled local workforce.

Following the receipt of all required exploration permits, including the Notice of Intent (NOI) from the BLM and the Special Land Use Permit (SLUP) and Geologic Field Operation Plan (GFOP) from the ASLD, drilling has commenced. This maiden drill program consists of 14 to 16 reverse circulation (RC) holes totaling up to 1,800 metres, and will test two priority targets.

Transaction

On September 12, 2024 Golden Mile purchased an option on Pearl for A$100,000 (Australian Dollars) with Outcrop Silver retaining a 1% NSR royalty. Golden Mile has the option to earn-in to 51% by funding A$2,000,000 in exploration expenditures by September 12, 2027 . Golden Mile may also earn an additional 34% by funding an additional A$10,000,000 in exploration expenditures within 5 years. Upon completing the earn-in a joint venture will be formed with both parties funding proportionally. If either party dilutes below 10%, their interest will convert to an additional 1% NSR royalty. At such time that a JORC compliant resource achieves 750,000 tonnes of contained copper at a minimum grade of 0.3%, Golden Mile will pay Outcrop Silver A$2,000,000 .

The Pearl Copper project was acquired through the amalgamation with Zacapa Resources. Zacapa's portfolio also included the Kramer Hills brownfield oxide gold project in San Bernardino, California and the South Bullfrog, gold project in Beatty, Nevada adjacent to Anglo Gold's Silicon project.

Qualified Person

Edwin Naranjo Sierra is the designated Qualified Person within the meaning of the National Instrument 43-101 and has reviewed and verified the technical information in this news release. Mr. Naranjo holds a MSc. in Earth Sciences, and is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). Mr. Naranjo Sierra is a consultant to the company and is therefore independent for the purposes of NI 43-101.

About Outcrop Silver

Outcrop Silver is a leading explorer and developer focused on advancing its flagship Santa Ana high-grade silver project in Colombia . Leveraging a disciplined and seasoned team of professionals with decades of experience in the region. Outcrop Silver is dedicated to expanding current mineral resources through strategic exploration initiatives.

At the core of our operations is a commitment to responsible mining practices and community engagement, underscoring our approach to sustainable development. Our expertise in navigating complex geological and market conditions enables us to consistently identify and capitalize on opportunities to enhance shareholder value. With a deep understanding of the Colombian mining landscape and a track record of successful exploration, Outcrop Silver is poised to transform the Santa Ana project into a significant silver producer, contributing positively to the local economy and setting new standards in the mining industry.

About Golden Mile

Golden Mile is a project development and mineral exploration company. The primary focus is on growing the Company with a multi-asset and multi-commodity strategy through advancing core projects, acquiring high-quality assets, and tactical alliances with joint venture partners.

ON BEHALF OF THE BOARD OF DIRECTORS

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

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "potential," "we believe," or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Outcrop Silver to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary regulatory approvals, capital expenditures and other costs, financing and additional capital requirements, completion of due diligence, general economic, market and business conditions, new legislation, uncertainties resulting from potential delays or changes in plans, political uncertainties, and the state of the securities markets generally. Although management of Outcrop Silver have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements 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 statements and forward-looking information. Outcrop Silver will not update any forward-looking statements or forward-looking information that are incorporated by reference.

SOURCE Outcrop Silver & Gold Corporation

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