Precious Metals

Equity Metals Corporation (TSXV: EQTY) (OTCQB: EQMEF) (the "Company" or "Equity Metals") announces that the following incumbent directors were re-elected at the Company's annual general meeting held on January 26, 2022: Joseph A. Kizis, Jr., Lawrence Page, Q.C., Killian Ruby, Courtney Shearer and John Kerr. In addition, the shareholders re-appointed Davidson & Company LLP, Chartered Accountants, as auditor of Equity Metals and approved the Company's rolling incentive stock option plan pursuant to which a maximum of 10% of the issued shares will be reserved for issuance under the plan. The plan is subject to TSX Venture Exchange acceptance.

The following officers were re-appointed subsequent to the annual general meeting: Joseph A. Kizis, Jr. as President, Lawrence Page, Q.C. as Chairman, Robert Macdonald as Vice President Exploration, Killian Ruby as Chief Financial Officer, and Arie Page as Corporate Secretary. The Company also granted incentive stock options under its stock option plan to certain directors, officers and consultants of the Company to purchase a total of 3.0 million common shares at $0.135 per share exercisable for a period of five years.

About Equity Metals Corporation

Equity Metals Corporation is a Manex Resource Group Company. Manex provides exploration, administration, and corporate development services for Equity Metals' two major mineral properties, the Silver Queen Au-Ag-Zn-Cu project, located in central B.C., and the Monument Diamond project, located in Lac De Gras, NWT.

The Company owns 100% interest, with no underlying royalty, in the Silver Queen project, located along the Skeena Arch in the Omineca Mining Division, British Columbia. The property hosts high-grade, precious- and base-metal veins related to a buried porphyry system, which has been only partially delineated. The Company also has a controlling JV interest in the Monument Diamond project, NWT, strategically located in the Lac De Gras district within 40 km of both the Ekati and Diavik diamond mines. The project owners are Equity Metals Corporation (57.49%), Chris and Jeanne Jennings (22.11%); and Archon Minerals Ltd. (20.4%). Equity Metals is the operator of the project.

The Company also has royalty and working interests in other Canadian properties, which are being evaluated further to determine their value to the Company.

On behalf of the Board of Directors

"Lawrence Page"

Lawrence Page, Q.C.
Chairman & Director, Equity Metals Corporation

For further information, visit the website at www.equitymetalscorporation.com or contact us at 604.641.2759 or by email at ir@mnxltd.com.

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.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Equity Metals Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.


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EQTY:CA
Equity Metals

Equity Metals

Equity Metals Corporation (TSXV:EQTY) is a precious metals company bringing modern exploration techniques to its flagship Silver Queen goldsilver property, which is 100-percent owned by the company and royalty-free. The company’s Silver Queen project is located within the well-mineralized Skeena Arch region of the Stikine Terrane, a major metallogenic belt running through British Columbia associated with gold-rich deposits that helped give rise to the Omineca Mining Division.

The Silver Queen property has seen more than 100 years of historic exploration and development since 1912, including intermittent mining and over 500 historic drill holes with more than 9,000 meters of underground workings. The property is located in the well-established Omineca Mining Division, which hosts significant mining infrastructure developed by previous operators. The property is located in the heart of the district and has nearby access to electricity, roads, railways, and skilled labor from the town of Houston.

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Equity Reports Additional High-Grade Mineralization at the Camp and Sveinson Targets, Silver Queen Project, BC; Drilling Resumes

Equity Reports Additional High-Grade Mineralization at the Camp and Sveinson Targets, Silver Queen Project, BC; Drilling Resumes

Equity Metals Corporation (TSXV: EQTY) ("Equity") reports thick intercepts of mineralization in both lateral step-outs to the Camp Vein and at depth in the Sveinson Target from recent drilling on the Silver Queen property, BC.

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Equity Extends the NG-3 Vein to over 300 Metres Strike-Length; Intersects 3.7m Averaging 4.9g/t Au, 75g/t Ag  at Silver Queen Project, BC

Equity Extends the NG-3 Vein to over 300 Metres Strike-Length; Intersects 3.7m Averaging 4.9g/t Au, 75g/t Ag at Silver Queen Project, BC

Equity Metals Corporation (TSXV: EQTY) ("Equity") reports several intersections of high-grade gold and silver from six holes which tested the NG-3 target area on the Silver Queen property, BC. Equity's drilling has now confirmed the extension of the NG-3 Vein to over 300 metres of strike and to depths of up to 240 metres below surface. The holes have established internal continuity between historic intercepts drilled by previous management and earlier drilling by Equity, and mineralization remains open along strike and dip.

Drilling Highlights:

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Equity Identifies "Battery-grade" Silica for Potential Use in Emerging EV Market at the La Ronge Silica Project, Saskatchewan

Equity Metals Corporation (TSXV: EQTY) ("Equity") reports analyses and initial test work on its 100% controlled La Ronge Silica Project, an historic sand quarry located in central Saskatchewan, approximately 60 kilometers south-southeast of La Ronge, Saskatchewan and 210 kilometers west of Flin Flon, Manitoba.

Preliminary studies indicate the silica deposit may be developed into a simple and profitable, low-cost mining and washing operation to produce high-purity silica (>98% SiO2), a specialty product. The sand can be mined very efficiently due to its unconsolidated nature. High-purity silica can be converted into silicon, which is being tested by the electric-car industry to replace or augment carbon in battery anodes to dramatically extend the time between charging. Other possible conventional uses exist in the ceramics and glass industries.

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Equity Builds Continuity Between the Camp and Sveinson Targets, Intersecting 0.7 Metres of 13.6g/t Au, 690g/t Ag, and 5.9% Cu,  on the Silver Queen Project, BC

Equity Builds Continuity Between the Camp and Sveinson Targets, Intersecting 0.7 Metres of 13.6g/t Au, 690g/t Ag, and 5.9% Cu, on the Silver Queen Project, BC

Equity Metals Corporation (TSXV: EQTY) ("Equity") reports several intersections of high-grade gold and silver in three holes from the Camp and Sveinson target areas on the Silver Queen property, BC, indicating continuity of veins within the two target areas.

Drilling highlights include:

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Equity Intersects High-Grade Gold-Silver, Including 0.4 Metres of 22.5g/t Au, 3473g/t Ag, 5.6% Cu, 2.5% Pb and 1.8% Zn  in the Western Sveinson Target, Silver Queen Project, BC

Equity Intersects High-Grade Gold-Silver, Including 0.4 Metres of 22.5g/t Au, 3473g/t Ag, 5.6% Cu, 2.5% Pb and 1.8% Zn in the Western Sveinson Target, Silver Queen Project, BC

Equity Metals Corporation (TSXV: EQTY) ("Equity") reports drill results with multiple +500gt Ag-eq intervals (see attached table below) from the western portion of the Sveinson target on the Silver Queen property, BC. Highlights include hole SQ21-059 which returned multiple high-grade gold-silver-polymetallic intercepts, including:

  • a 0.4 metre interval grading 22.5g/t Au, 3273g/t Ag, 5.6% Cu,2.5% Pb and 1.8% Zn (77.8g/t AuEq or 5,837g/t AgEq) within a 2.6 metre interval averaging 3.8g/t Au, 509g/t Ag, 0.8% Cu,1.1% Pb and 4.3% Zn (14.2g/t AuEq or 1,064g/t AgEq); and
  • a 0.3 metre interval grading 59.3g/t Au, 78g/t Ag, 0.3% Pb and 2.0% Zn (61.5g/t AuEq or 4,612g/t AgEq) within a 1.0 metre interval averaging 17.5g/t Au, 25g/t Ag, 0.1% Pb and 1.8% Zn (18.2g/t AuEq or 1,368g/t AgEq).

The drill intercepts are from the final six of twelve core holes which tested the western half of the 1-kilometre long Sveinson target during the Fall of 2021 (see Figures 1 and 2). Drilling was widely spaced, but successfully intersected multiple shallow veins at less than 100 metres below surface, as well as deeper vein intercepts up to 400 metres below surface. Veins were intersected across the full 150 metre width of the Sveinson structural zone, with preliminary 3D modeling indicating continuity between these drill holes and the earlier released holes from the eastern end of the target area and previously reported holes from the Camp and No. 3 vein targets.

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