Base Metals

Emerita Resources 2022 Year-In-Review: Successful Major Drill Campaign Expands Deposits In Advance Of Initial NI 43-101 Resource Estimate, Permitting Process Commenced, and Strengthening Management Team

Emerita Resources 2022 Year-In-Review: Successful Major Drill Campaign Expands Deposits In Advance Of Initial NI 43-101 Resource Estimate, Permitting Process Commenced, and Strengthening Management Team

Emerita Resources Corp. (TSX V: EMO; OTCQB: EMOTF; FSE: LLJA) (the "Company" or "Emerita") is pleased to provide the following summary of the Company's progress in 2022 and lay out priorities and objectives for 2023. Emerita has been running an accelerated diamond drill campaign on its wholly owned Iberia Belt West Project ("IBW" or the "Project") since June 2022 when it received permits to drill the large La Romanera deposit.

David Gower, P.Geo., CEO of Emerita remarks, "2022 was a very busy and productive year for the Company and our team made excellent progress in advancing the IBW project towards a potential production decision. 2023 will see the culmination of that effort with completion of the initial NI 43-101 mineral resource estimate, metallurgical testing and commencement of economic and engineering studies. The Company is in a solid financial position to complete the planned work programs."

The Company is also strengthening its management team with the addition of Mr. Ian Parkinson as Executive Vice President, Corporate Development and Capital Markets. Ian brings a wealth of mining and capital markets industry experience to the Emerita team. He has spent the past 16 years as a sell-side mining analyst for several leading brokerage firms on Bay Street including Stifel GMP, GMP Securities and CIBC World Markets. He has a bachelor's degree in Earth Science from Laurentian University followed by a decade of geology and business development experience with Falconbridge and Noranda, which formed the foundation for his work as a mining analyst. He built on his geology base with experience in metals trading, metal marketing and business development at the corporate level. Mr. Parkinson will greatly improve Emerita's outreach to shareholders and potential strategic investors.

Diamond Drill Program

The Company has completed a total of 184 diamond drill holes on the IBW project as of the end of 2022 - 78 drill holes at the Infanta deposit and 106 at the Romanera deposit. Most of the drilling was completed after June 2022, when the number of drills on the Project were increased to 15 with 14 rigs in total at the Romanera deposit. Drilling at that pace is expected to continue for approximately one more month which will add approximately 50 additional intercepts at which time the database will be locked to commence estimation of the initial NI 43-101 mineral resource estimate for both deposits. The Company expects to have most of the remaining assays required for the mineral resource estimate by early March. Work on the technical report including site visit, database and QA/QC process validation has already commenced and the final report is expected early in Q2 2023. Both deposits are expected to be open for future expansion at depth and along strike at that time. Initial proposals for completing the metallurgical testing have also been received and this work is expected to proceed concurrently with the resource estimation work and be completed in mid-2023.

The drilled footprint of the Romanera deposit has been increased to approximately 650 meters along strike and at depth to approximately 450 meters (previously 450 meters east west and 400 meters depth). In addition, assays to date indicate significantly higher precious metals, particularly gold, relative to the historical estimates for Romanera, which is expected to result in increased tonnage. Mineralization at the Infanta deposit has been traced over a strike length of approximately 2 kilometers, and to a depth of 400 meters (previously 600 meters to a depth of 120 meters). Infanta also remains open along strike and down dip. Portions of La Infanta are very high grade. La Romanera is the thicker deposit of the two and contains significantly more tonnes. The third historical deposit on the Project, El Cura, located between La Romanera and La Infanta is expected to be drill tested in 2023, along with further drilling to continue to expand the resources at La Romanera and La Infanta. Permits and landowner agreements are already in place for the El Cura drilling.

Joaquin Merino, P.Geo., President of Emerita remarks, "We eagerly anticipate the completion of the initial resource estimate. We have signed a contract with Wardell Armstrong LLP, a highly experienced, international firm to complete the independent mineral resource estimate. In addition to the drilling, we have been following up on the geophysical survey by conducting detailed structural mapping. This has revealed there are historical workings, some dating back to Roman times, that extend the potential to the west as far as the western property boundary."

Permitting

Emerita is moving forward with the permitting process at IBW with the objective of converting the existing Exploration License to an Exploitation License. In support of this, environmental baseline studies commenced in April 2022 and will be completed in April 2023. Flora and fauna studies are ongoing and the Heritage evaluation study for the site has been completed. The archaeological study was completed in 2022.

Corporate Social Responsibility

Emerita strives to meet the highest standards for Corporate Social Responsibility ("CSR") in its operations. Presently, the Company has 45 employees in Spain, including 12 professionals balanced between technicians and local employees, many of whom have been trained by Emerita for their positions. The Company also employs an additional 160 contractors, primarily diamond drillers. The Company adheres to strict employment standards and hires locally where possible. Two of the drill rigs are operated by all-female crews. Dedicated safety training is completed by all staff.

The Company has a progressive reclamation policy such that drill sites are reclaimed and restored as soon as work is completed. In addition, the team installed a large centrifugal unit to reduce water consumption and to reduce the volume of drill muds for disposal. To date, the Company has had zero environmental incidents.

The Company operates transparently within the communities and has ongoing dialogue with the mayors of Paymogo and Puebla de Guzman as well as regulatory officials. Within the communities, Emerita supports various social engagement initiatives including sponsoring two football teams and the local cycling team. Regarding Culture and Heritage, the Company supports the studies of the Puebla de Guzman castle fortifications. The Company is also proceeding with tree planting and initiating a Natural Resources classroom program for the community. Emerita has hosted undergraduate geological students from several universities to provide training in geology, geological modeling, drilling techniques and QA/QC procedures.

Nuevo Tintillo Project

The Nuevo Tintillo project is a large property located approximately 75 kilometers to the east of IBW. It covers approximately 23 kilometers of stratigraphy between the Aznalcollar deposits and the famous Rio Tinto mine. In 2022, the Company completed an Airborne Electromagnetic (AEM) survey over this large property. Airborne follow up to date has focused on the west side of the property in the area surrounding the historical Santa Flora and Nazaret Mines (Nazaret produced 6% copper according to archival reports). Detailed mapping of the geology indicates similar stratigraphy to the Rio Tinto mine approximately 7 kilometers west. Numerous high priority conductors were identified by the AEM survey, and these are being covered by detailed gravity surveys to further prioritize targets in advance of drilling in 2023.

Aznalcollar Legal Cases

In 2022, progress was made on the resolution of the Aznalcollar legal cases. Two key resolutions occurred. In May 2022, the Administrative Superior Court of Andalusia resolved that it concurred that the findings of the Criminal trial were substantially similar with the findings of the Administrative court. It reversed its previous decision to proceed ahead of the Criminal Courts ruling and as is the normal process in Spain determined it would withhold judgement until the Criminal trial has concluded. Five superior court judges of the Criminal courts have unanimously concluded that there exist strong indications of crimes committed in the awarding of the Aznalcollar Public Tender. The second resolution was that the court date for the criminal trial was set for July 2025 (please see the Company's November 25, 2022 press release for further details).

Quality Assurance/Quality Control

Drilling at La Romanera is HQ size and core is placed into core trays at the drill site and transported directly from the site to Emerita's coreshack (15 Km) from La Romanera and (8 Km) from La Infanta. Once the cores are received at Emerita's coreshack they are photographed and geotechnical logging is performed. Geological, mineralogical and structural logging follows and mineralized zones are identified. The samples are marked every 1m or less, and respecting lithological contacts, with most of the samples 1.0m long. The zone immediately above and below the mineralized zones are also sampled. Core samples are sawed in half and half of the core is returned to the core tray for future reference. Once the core samples are cut, bagged and tagged, they are shipped to the ALS laboratory in Seville by Emerita personnel where sample preparation is done. In Seville, ALS performs the mechanical preparation of the samples and then the pulps are sent to ALS Ireland (ICP) and ALS Romania (fire assay). The analysis at ALS Lab corresponds to the ME-ICPore (19 elements) package, together with the Au-AA23 fire assay (Gold).

10% of the analyzed samples correspond to control samples (fine blanks, coarse blanks, high, medium and low grade standards). In addition, 10% of pulps are reanalyzed at a second independent certified laboratory (AGQ Lab Sevilla). When the analysis is completed, the certificates are received from the laboratory and the QA/QC protocol identifies any deviation or anomaly in the results and the entire batch is reassayed in such case. Once the data is approved by the QA/QC protocol assays are entered digitally directly into the database.

Qualified Person

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.

For further information, contact:

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 and Nuevo Tintillo, the Company's mineral exploration activities; the Aznalcollar legal proceedings and the timing and results thereof; the impact of managerial appointments; the timing of assay results; the prospectivity of the Project and Nuevo Tintillo; the Company's ability to obtain all requisite permits and governmental approvals; the timing and ability of the Company to produce an NI 43-101 compliant mineral resource estimate; the economic viability of the Project; the impact of the Company's CSR activities; 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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Emerita Announces Closing of $20 Million Bought Deal Private Placement

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

Emerita Resources Corp. (" Emerita " or the " Company ") (TSXV: EMO) is pleased to announce that it has closed its previously announced bought deal private placement of units of the Company (the " Units ") pursuant to which the Company issued 18,182,500 Units at a price of $1.10 per Unit (the " Offering Price ") for aggregate gross proceeds of $20,000,750 (the " Offering "), which included the full exercise of the Underwriters' option to purchase additional Units. The Offering was led by Clarus Securities Inc. and Research Capital Corporation, as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters (collectively, the " Underwriters ") that included iA Private Wealth Inc.

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Emerita Resources Corp. Announces Increase to "Bought Deal" Financing

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

Emerita Resources Corp. (TSXV:EMO) (the " Company ") is pleased to announce today that, due to strong demand, it has agreed with Clarus Securities Inc. (" Clarus ") and Research Capital Corporation (" Research Capital ") as co-lead underwriters and joint bookrunners on behalf of a syndicate of underwriters (collectively, the " Underwriters "), to increase the size of its previously announced C$10,000,100 "bought deal" private placement offering. Pursuant to the upsized deal terms, the Underwriters have agreed to purchase, on a "bought deal" private placement basis 14,546,000 units of the Company (the " Units ") at a price of C$1.10 per Unit (the " Offering Price ") for aggregate gross proceeds to the Company of C$16,000,600 (the " Offering "). Each Unit will be comprised of one common share of the Company (a " Unit Share ") and one half of one common share purchase warrant (each whole common share purchase warrant, a " Warrant "). Each Warrant will entitle the holder thereof to purchase one common share of the Company (a " Warrant Share ") at a price of C$1.50 for a period of 24 months following the Closing Date (as defined below).

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Emerita Resources Corp. Announces $10,000,100 "Bought Deal" Financing

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Emerita Resources Corp. (TSXV:EMO) (the "Company") is pleased to announce that it has entered into an agreement with Clarus Securities Inc. and Research Capital Corporation as co-lead underwriters and joint book runners on behalf of a syndicate of underwriters (collectively, the "Underwriters") to purchase, on a bought deal private placement basis, 9,091,000 Units of the Company at a price of $1.10 per Unit, for aggregate gross proceeds of $10,000,100 (the " Offering "). The Company has also granted to the Underwriters an option to purchase an additional 1,363,650 Units at the same price, exercisable by the Underwriters for a period of up to two days prior to closing of the Offering for additional gross proceeds of up to $1,500,015.

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Emerita Announces Closing of $3 Million Strategic Private Placement by Eric Sprott

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

Emerita Resources Corp. (" Emerita " or the " Company ") (TSXV: EMO) is pleased to announce that it has closed its previously announced non-brokered private placement of 13,636,363 units of the Company (the " Units ") at a price of $0.22 per Unit (the "Offering").

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Emerita Announces $3 Million Strategic Private Placement by Eric Sprott

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

Emerita Resources Corp. (" Emerita " or the " Company ") (TSXV: EMO) is pleased to announce that it intends to complete a non brokered private placement for gross proceeds of $3,000,000 through the issuance of up to 13,636,363 of units of the Company (the " Units ") to be priced at $0.22 per Unit (the "Offering"). Mr. Eric Sprott has indicated his intention to subscribe for the entire Offering.

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American Copper Development to Commence Trading on the OTCQB Venture Market Under Symbol "ACDXF"

American Copper Development to Commence Trading on the OTCQB Venture Market Under Symbol "ACDXF"

American Copper Development Corporation (CSE: ACDX) (OTCQB: ACDXF) ("ACDC" or the "‎‎Company") is pleased to announce that effective February 2, 2023, the Company's common shares will commence trading on the OTCQB Venture Market (the "OTCQB") in the United States, under the symbol "ACDXF". The OTCQB is a U.S. trading platform that is operated by the OTC Markets Group in New York and is the premiere marketplace for growth and developing U.S. and international companies. Participating companies must be current in their reporting and undergo an annual verification and management certification process.

Daniel Schieber, CEO of American Copper, comments, "America needs copper, a lot of copper in order to achieve its clean energy goals. It is only fitting for our US focused copper company to be open to the American investing public. So we welcome all our future ACDXF shareholders. For those about to invest - we salute you! Let's Rock!"

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Inomin Secures Beaver Discovery Team

Inomin Secures Beaver Discovery Team

Inomin Mines Inc. (TSXV: MINE) ("Inomin", "MINE" or the "Company") reports signing a drilling agreement for the Company's Beaver-Lynx critical minerals property, an emerging magnesium-nickel-chromium-cobalt discovery located in south-central British Columbia. The next drilling is aimed at expanding Inomin's significant 2022 discovery and working towards delineating resources at Beaver. Maiden drilling is also planned at the Lynx area to test if mineralization is similar to discoveries at Beaver. Drilling is targeted to start this spring, with further drilling anticipated in summer andor autumn.

John Gomez, President of MINE comments, "We're happy we have been able to secure the same drilling company that we worked with to make our inaugural big discoveries at Beaver. Our team is excited to build on our successful exploration programs and test multiple, large, mineral footprints. We also look forward to completing first-ever drilling at Lynx that has even larger targets."

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Emerita Intersects 24.3 Meters Grading 5.1% Zinc, 2.0% Lead, 0.2% Copper, 1.16 g/t Gold and 100.5 g/t Silver, Including 7.1 Meters Grading 12.4% Zinc, 3.1% Lead, 0.2% Copper, 0.80 g/t Gold And 67.7 g/t Silver at La Romanera Deposit

Emerita Intersects 24.3 Meters Grading 5.1% Zinc, 2.0% Lead, 0.2% Copper, 1.16 g/t Gold and 100.5 g/t Silver, Including 7.1 Meters Grading 12.4% Zinc, 3.1% Lead, 0.2% Copper, 0.80 g/t Gold And 67.7 g/t Silver at La Romanera Deposit

Emerita Resources Corp. (TSX V: EMO; OTCQB: EMOTF; FSE: LLJA) (the "Company" or "Emerita") is pleased to announce assay results from 12 additional drill holes from the 2022 - 2023 delineation drilling program at La Romanera Deposit at its wholly owned Iberian Belt West project ("IBW" or the "Project"). IBW hosts three previously identified massive sulphide deposits: La Infanta, La Romanera and El Cura. All deposits are open for expansion along strike and at depth.

Assay results have been received for the following 12 drill holes: LR036B, LR042B, LR049, LR051, LR053, LR058, LR064, LR065, LR066, LR077, LR082 and LR086) at La Romanera deposit reported below. These holes intersected the western and center part of the deposit between -50 and -300 m elevation. This area is characterized by massive sulfides comprising sphalerite, galena and chalcopyrite within a massive pyrite gangue. A number of these holes are on the western edge of the deposit as it has been drilled to date and near the limit of the high grade sulphide mineralization, however, the extent of the deposit further to the west remains open. The massive sulphides persist along the west side of the deposit but are higher in pyrite and lower in base metals generally. It will be necessary to step out further west in future as deposits in the Iberia Pyrite Belt commonly have pyritic zones adjacent to higher grade sulphides. Gold and silver grades are locally enriched in this portion of the deposit, precious metals enrichment appears to correlate with a stockwork type mineralization such as in hole LR082 with elevated copper grades. Thickness in both the Upper and Lower Lenses locally exceed 10 meters in some intercepts. Figure 1 shows a plan map with the hole locations. Figures 2 and 3 are vertical longitudinal sections of the Upper Lens and Lower Lens, respectively, showing the position of the pierce points on the vertical projection. Table 1 provides a complete list of the drill hole data included in this news release.

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WESTERN COPPER AND GOLD'S CASINO PROJECT TO HAVE SIGNIFICANT IMPACT ON YUKON'S ECONOMY

WESTERN COPPER AND GOLD'S CASINO PROJECT TO HAVE SIGNIFICANT IMPACT ON YUKON'S ECONOMY

Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce the results of an updated study on the potential economic impact of the development of its wholly owned Casino Copper-Gold Project ("Casino" or the "Project") on the Yukon and Canada recently completed by MNP LLP (the "Report").

Western Copper And Gold logo (CNW Group/Western Copper and Gold Corporation)

The Report incorporates the results from the Casino Feasibility Study dated August 8, 2022 .

The Report highlights the impressive cumulative economic effect that developing Casino will have on the Yukon and Canada during the project's construction, operation, closure, and reclamation. The Casino project is estimated to contribute $44.3 billion to Canada's Gross Domestic Product ("GDP"), create 132,280 full-time equivalent positions ("FTE"), and generate $12.8 billion in wages and salaries over the entire life of the Project. Note that the use of FTEs is a method to account for partial employment or employment for different durations and 1.0 FTE is equivalent to a full-time job for one year of employment.

The Report estimates the GDP generated in Yukon by the construction of Casino at $1.7 billion . The construction phase is estimated to contribute $3.6 billion to Canada's economy while generating 25,580 FTEs resulting in $2.1 billion in wages and salaries across Canada .

During each of its 27 years of operation, the Casino Project is expected to contribute $1.3 billion to Yukon's economy. Operation of the mine is estimated to contribute $1.5 billion to Canada's GDP annually while creating 3,880 FTEs and generating $391 million in wages and salaries across Canada .

The Casino Project is also expected to generate $11.2 billion in taxes and royalties to various governments during the life of mine.

"The Casino Project is one of the most significant critical minerals projects in Canada and in addition to providing much needed minerals to assist the energy transition will provide great economic benefit to the Yukon and Canada ," said Dr. Paul West-Sells , President and CEO of Western. "Additionally, the Casino project will provide additional benefits such as training, education, and infrastructure enhancements, which will benefit the Yukon over the longer term. Importantly, we can do this while developing the Casino Project in a way that reflects Yukoners environmental and socio-cultural values."

Western Copper and Gold Corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com

On behalf of the board,

"Paul West-Sells"

Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements concerning anticipated developments in Western's operations in future periods. Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. In making the forward-looking statements herein, the Company has applied certain material assumptions including, but not limited to, the assumption that general business conditions will not change in a materially adverse manner.

Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Western's AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.

Western's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

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SOURCE Western Copper and Gold Corporation

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Getchell Gold Corp. Files Technical Report for the Mineral Resource Estimate at Fondaway Canyon, NV

Getchell Gold Corp. Files Technical Report for the Mineral Resource Estimate at Fondaway Canyon, NV

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the "Company") is pleased to announce the filing of the Mineral Resource Estimate ("MRE") technical report for the Fondaway Canyon project in Churchill County, Nevada. The MRE conceptualizes potential open pit and underground mining.

Mineral Resource Estimate Key Highlights

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Slave Lake Zinc Acquires Significant Historic Database for O'Connor Lake Critical Metals Project

Slave Lake Zinc Acquires Significant Historic Database for O'Connor Lake Critical Metals Project

Slave Lake Zinc Corp. (CSE: SLZ) (the "Company"): has recently acquired a significant database of historic (pre-1952) information pertaining to the O'Connor Lake zinc-lead-copper-silver -gold critical metals project. The Company is currently analyzing the new files and applying a modern exploration interpretation to them. The objective is to merge these new results with exploration results already generated by Slave Lake. The Company will use these combined results to coordinate the next phase of exploration consisting of geologic mapping and sampling, prospecting, and detailed geophysical surveys and to prioritize drill targets.

Slave Lake has recently reviewed our modern data with the Company's Geological consultants and a detailed interpretation of the lease portion of the 900-plus line kilometer airborne survey conducted earlier has been developed for follow up. The follow up interpretation contained within this small area to the south-west and parallel to the old head frame area has identified multiple new geophysical anomalies parallel to the main structural zone that was historically being developed prior to 1952. One strong new target is present southwest of the main zone and lies under water immediately offshore. Prior to application of modern exploration surveys this target would not be detected. Slave Lake will now conduct a detailed ground geophysical survey to define the target for drill testing. This survey work will utilize the ice cover on the lake to properly map the anomaly.

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