Fireweed Provides Year-End Review of Record-Setting 2023 Accomplishments

Fireweed Metals CORP. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF; FSE: M0G) is pleased to provide a review of its record-setting 2023 accomplishments in building the Company and advancing its critical metals projects in northern Canada.

CEO and Chairman Statement

Brandon Macdonald, CEO, stated "2023 has been another extraordinary and record-breaking year for Fireweed. The accomplishments are numerous, from drilling our best-ever drill hole at Macpass to completing the field season safely with zero lost time injuries. We have done this while demonstrating that prioritizing economic benefit for and respectful engagement with local indigenous communities not only requires no compromise for the Company but also helps maximize our own outcomes."

John Robins, Chairman, stated "We continue to demonstrate the enormous scale of mineralization in the Macpass region of eastern Yukon which is has emerged now as a truly world-class metallogenic district. If it wasn't enough that we control Macpass, a 940 sq km land package representing over 50 km of strike prospective for zinc-lead-silver deposits, we have now secured the world's largest high-grade tungsten deposit next-door in Mactung. I am incredibly proud of our team for their tireless work this year at our office, in the field, and the many long days on the road."

2023 Highlights

Macpass Project

In 2023 Fireweed completed its largest ever program and the biggest exploration program in the Yukon this year. Over 22,500 m were drilled with step out holes to further delineate the Boundary Zone and to expand the large Tom and Jason zinc-lead-silver deposits ^1,2 .
Drill results to date from the 2023 season demonstrated the presence of a high-grade massive sulphides and stratiform mineralization as well as a high-grade feeder system which connects Boundary West and Boundary Main in one single zone, (now simply called Boundary Zone ).
- Drill results in 2023 included the best hole ever drilled at Macpass, NB23-007 with two intersections: 15 m (true width) of 11.9% Zinc, 2.2% Lead, 81.2 g/t Silver, and 40 m (true width) of 15.1% Zinc, 2.8% Lead, 85.8 g/t Silver.
- Assays pending for 26 of 52 holes drilled: 14 remaining holes from Boundary Zone, 10 holes from the Tom deposit and 2 holes from the Jason deposit with results expected to be released in early-2024.
Leveraged emerging technologies to enhance operational efficiency and data interpretation / validation including:
- Automated core cutting
- Automated core scanning
- Directional drilling techniques, in which multiple angled drill holes are initiated at depth from one primary hole, saved an estimated 1,800 m of drilling compared to traditional drilling of multiple new holes from surface, achieving a total equivalent metreage of 24,300 m in 2023.
Constructed all-season camp facilities, increasing operational capacity and extending operating window.

Mactung Project

Finalized acquisition of 100% interest in the 37.6 km ² Mactung Project located in Yukon and Northwest Territories, immediately adjacent to the Macpass Project.
In July 2023, released a Technical Report with an updated mineral resource with a total of 41.5 Mt Indicated Resource at 0.73% WO ₃ and 12.2 Mt Inferred Resource at 0.59% WO ₃³ making it the world's largest high-grade resource of the Critical Mineral tungsten*.
Building on information provided during the Yukon Environmental and Socio-economic assessment process (completed in 2014), Fireweed commenced environmental, metallurgical and other engineering studies to inform applications for major project licenses.
Five holes were drilled to collect metallurgical samples in 2023. The results of the metallurgical test work are expected in Q1 2024.

Gayna Project

Reevaluation of the geological model demonstrates the potential for high-grade massive sulphide zones
Soil sampling and geophysical work has linked Gayna's geological setting and mineralization to be similar to that of a reef-margin deposit like Ivanho's high-grade Kipushi in DRC, Africa
The 2022 and 2023 geophysical programs have identified several reef-margin gravity anomalies in proximity to known showings, soil anomalies and high grade rock samples, and informed the location of future drill targets.

Sustainability Update

Environmental management system, including policies, environmental protection and management plans, and compliance monitoring, implemented in 2023 by onsite Indigenous environmental monitors.
To inform mine planning, Fireweed commenced multi-year comprehensive environmental baseline studies, including 16 unique aquatic and wildlife studies.
To support 2023 exploration and monitoring activities, approximately 50% of employees were Yukoners, including about 50 Kaska Nation members ranging in age from 18 to 78.
Excellent safety performance during large drill exploration program with five drills and compliance and baseline studies with:
- 0 Lost Time Injuries across 127,000 hours worked
- 880 Field-level Risk Assessments
- 21 All-personnel "Safety Sunday" Meetings
In the past five exploration seasons, about 50% of field program expenditures (supplies, equipment and services) with Indigenous-affiliated businesses.
Achieved net zero emissions for 2021 and 2022 through the purchase of offsets, and installed solar and battery power system for new camp that will be operational in 2024.
Supported community sporting and cultural events and facilitated in-community training programs.

Corporate

Completed a C$16.8 M follow-on financing in September 2023 to support the expansion of our drilling campaign through the continued support from core shareholders.
The highly talented and skilled Fireweed Exploration Team lead by VP Geology, Jack Milton, were recipients of the 2023 H.H. "Spud" Huestis Award from the Association for Mineral Exploration for their application of progressive and innovative prospecting techniques and geoscience technologies leading to the discovery of Boundary West and expansion of significant mineral resources at Macpass.
Achieved inclusion into the Junior Silver Miners Index on December 15, 2023 in recognition that Macpass is not just a zinc resource but also contains a large silver endowment. This inclusion expands our institutional shareholder base and drives a significant increase in trading liquidity
Appointed Patrick "Paddy" Downey as our newest Board member: Patrick has over 40 years of international experience in the resource industry and his experience in engineering, mine-building, and operations helps round out Fireweed's Board, providing essential expertise as Fireweed's projects proceed down the path toward development.
Expanded our Management Team:
- Andrew Crook, VP Operations: Andrew has over 10 years of experience in successfully leading projects from exploration stage through engineering studies, permitting, and into construction. His skills and experience were instrumental in executing Fireweed's largest drill program to date, exceeding 22,500 m.
- Alex Campbell, VP Corporate Development: Alex's diverse experience from mining to banking, combined with his passion for the mineral exploration industry, is an advantageous addition to Fireweed's management team as we continue to maximize shareholder value through exploration, development, and potential strategic transactions.

Qualified Person Statement

Technical information in this news release has been approved by Fireweed Metals CEO, Brandon Macdonald, P.Geo. (BC), a ‘Qualified Person' as defined under Canadian National Instrument 43-101.

About Fireweed Metals Corp. (TSXV: FWZ; OTCQB: FWEDF; FSE: M0G): Fireweed Metals Corp. is a Canadian mineral development company focused on sustainably exploring and developing critical metal projects and creating value for our shareholders, partners, and stakeholders. Fireweed has three projects located in Canada including the Macpass Project (Zinc-Lead-Silver), Mactung Project (Tungsten), and Gayna Project (Zinc-Lead-Gallium-Germanium). Fireweed is well-funded, with a healthy balance sheet. In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed (OTCQB: FWEDF) trades on the OTCQB Venture Market for early stage and developing U.S. and international companies and is DTC eligible for enhanced electronic clearing and settlement. Investors can find Real-Time quotes and market information for the Company on www.otcmarkets.com . In Europe, Fireweed (FSE: M0G) trades on the Frankfurt Stock Exchange. Additional information about Fireweed and its projects can be found on the Company's website at www.fireweedmetals.com and at www.sedarplus.ca

We respectfully acknowledge that Fireweed's projects are located on the traditional territories of Indigenous peoples.

ON BEHALF OF Fireweed Metals CORP.

" Brandon Macdonald "

CEO & Director

Neither the 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 Statements

Forward Looking Statements

This news release contains "forward-looking" statements and information ("forward-looking statements"). All statements, other than statements of historical facts, included herein, including, without limitation, statements relating to interpretation of drill results, future work plans, the use of funds, and the potential of the Company's projects, are 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. Forward-looking statements are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management and reflect the beliefs, opinions, and projections on the date the statements are made. Forward-looking statements involve various risks and uncertainties and accordingly, readers are advised not to place undue reliance on forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include but are not limited to, exploration and development risks, unanticipated reclamation expenses, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company's operati ons, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, uncertainties involved in the interpretation of drilling results and laboratory tests, and one-time events. The Company assumes no obligation to update forward ‐ looking statements or beliefs, opinions, projections or other factors, except as required by law.

Investors are cautioned that the drill intersections that are compared to the current Mineral Resources are not subject to any grade capping, and that grades in mineral resource blocks were calculated based on interpolation between assay composites that have capped grades. In the current Mineral Resource at Tom West zinc was capped at 25%, lead was capped at 25%, and silver was capped at 600 g/t; and at Tom East zinc was capped at 30%, lead capped at 50%, and silver at 600 g/t, as described in Fireweed Technical Reports ¹^,2 . Grades in new holes were compared to a length and bulk density weighted calculated grade derived from a stack of blocks from the Current Mineral Resource block model perpendicular to the XY plane of the block model spanning the full thickness of the mineralized zone, located through the mid-point of the reported new intersection.

Footnotes and References

* References to relative size and grade of the Mactung resources and Macmillan Pass resources in comparison to other tungsten and zinc deposits elsewhere in the world, respectively, are based on review of the Standard & Poor's Global Market Intelligence Capital IQ database.

¹ : For details and QP statements, see https://www.sedarplus.ca/ Fireweed Technical Report titled "NI 43-101 Technical Report on the Macmillan Pass Zinc-Lead-Silver Project, Watson Lake and Mayo Mining Districts Yukon Territory, Canada" filed on https://www.sedarplus.ca/ on February 23, 2018, and Fireweed News Release dated January 10, 2018.

² : For details and QP statements, see https://www.sedarplus.ca/ Fireweed Technical Report titled "NI 43-101 Technical Report Macmillan Pass Project Yukon Territory Canada" filed on https://www.sedarplus.ca/ on July 9, 2018, and Fireweed News Release dated May 23, 2018. This Technical Report includes a Preliminary Economic Analysis disclosing an economic analysis of mineral resources that is preliminary in nature and does not include any mineral reserves. It is equally emphasized that the mineral resources disclosed within this Technical Report are not mineral reserves and do not have demonstrated economic viability.

³ : For details and QP statements, see Fireweed news release dated June 13, 2023 "Fireweed Metals Announces Mineral Resources for the Mactung Project: the Largest High-Grade Tungsten Deposit in the World" and the technical report entitled "NI 43-101 Technical Report, Mactung Project, Yukon Territory, Canada," with effective date July 28, 2023 filed on https://www.sedarplus.ca/

Contact: Brandon Macdonald
Phone: (604) 646-8361
Email: info @fireweedmetals.com

Figure 1. Project Location Map

Figure 2. Macpass and Mactung Area Map

Table 1. Compiled Boundary Zone Drill Results Highlights to Date

Drillhole	Interval	From (m)	To (m)	Interval Width (m)	Est. True Width (m)	Zinc (%)	Lead (%)	Silver (g/t)	Bulk Density (t/m ³ )
NB23-001	primary	173.00	211.00	38.00	19.0	9.12	1.50	52.6	3.04
NB23-001	including	174.00	194.00	20.00	10.0	15.32	2.53	86.2	3.18
NB23-001	primary	377.00	445.73	68.73	22.5	3.28	0.15	9.1	3.24
NB23-001	including	400.50	418.50	18.00	5.9	6.73	0.06	8.6	2.87
NB23-001	>including	405.00	408.00	3.00	1.0	9.13	0.10	15.6	3.00
NB23-002	primary	224.74	261.00	36.26	N/A	3.31	0.08	10.2	3.03
NB23-002	including*	226.00	230.20	4.20	2.1	18.71	0.30	47.1	3.41
NB23-003	primary	208.00	279.89	71.89	40.0	6.48	3.09	97.8	4.40
NB23-003	including	210.60	258.25	47.65	27.0	8.58	4.29	128.5	4.56
NB23-003	>including	210.60	232.56	21.96	12.0	10.70	6.96	178.6	4.46
NB23-003	>and	241.50	244.50	3.00	1.7	17.50	3.05	134.9	4.68
NB23-004	Primary	267.92	301.35	33.43	22.0	8.00	2.00	59.2	3.57
NB23-004	Including	267.92	281.80	13.88	9.1	12.60	3.70	99.4	4.29
NB23-004	>including	268.80	277.06	8.26	5.4	14.90	4.50	124.8	4.47
NB23-005	Primary	139.75	165.00	25.25	22.0	6.40	0.70	31.9	3.24
NB23-005	>including	150.50	160.00	9.50	8.3	12.20	1.30	66.9	3.65
NB23-006	Primary	102.20	140.90	38.70	N/A	5.60	0.00	6.7	2.83
NB23-006	>including*	121.36	123.46	2.10	N/A	30.70	0.10	38.8	3.62
NB23-007	Primary	170.70	253.20	82.50	15.0	11.90	2.20	81.2	3.15
NB23-007	>including	180.89	207.92	27.03	4.9	26.70	4.20	165.2	3.49
NB23-007	Primary	308.90	426.90	118.00	40.0	15.10	2.80	85.8	4.04
NB23-007	>including	313.70	325.03	11.33	3.8	15.00	3.70	96.1	4.21
NB23-007	>including	332.30	409.37	77.07	26.0	18.70	3.50	101.4	4.00
NB23-008	Primary	242.20	286.90	44.70	N/A	6.50	0.20	9.6	3.48
NB23-008	>including	252.00	268.30	16.30	N/A	10.30	0.20	11.3	3.64
NB23-008	Primary	323.70	359.10	35.40	N/A	5.20	0.10	8.8	3.49
NB23-008	>including	327.50	339.00	11.50	N/A	10.70	0.20	13.5	3.75
NB23-011	Primary	204.50	249.30	44.83	8.5	8.30	1.20	42.9	3.20
NB23-011	Including	204.50	223.30	18.83	3.6	12.20	1.30	63.9	3.50
NB23-011	>Including	208.50	214.50	6.00	1.1	20.70	2.30	107.8	3.50
NB23-012	Primary	223.50	291.30	67.78	41.0	6.30	1.20	52.0	3.90
NB23-012	Including	223.50	279.10	55.57	34.0	7.20	1.40	57.1	3.90
NB23-012	>Including	223.50	234.00	10.52	6.3	12.80	2.30	105.7	3.80
NB23-012	>>Including	225.50	231.00	5.52	3.3	16.70	3.10	136.2	4.00
NB23-012	Primary	320.10	352.40	32.26	N/A	3.00	0.00	5.9	3.00
NB23-012	Including	320.10	328.50	8.36	N/A	4.60	0.10	8.3	3.10
NB23-013	Primary	408.10	437.90	29.77	20.0	2.90	0.30	27.7	4.30
NB23-013	Including	415.50	427.20	11.66	7.8	4.80	0.50	37.0	4.70
NB23-014	Primary	71.10	83.30	12.17	N/A	4.30	1.50	38.3	3.40
NB23-014	Including	78.00	83.30	5.27	N/A	6.70	3.00	66.2	3.30
NB23-014	Primary	149.90	161.40	11.53	N/A	3.20	0.30	9.7	3.30
NB23-015	Primary	124.10	220.00	95.87	N/A	3.20	1.10	18.5	3.10
NB23-015	Including	141.50	176.50	34.98	N/A	6.00	1.90	28.3	3.00
NB23-015	>Including	146.90	157.50	10.63	N/A	10.50	4.90	64.6	3.10
NB23-015	Including	215.70	220.00	4.26	N/A	6.10	4.40	78.6	3.70
NB23-015	Primary	253.90	297.80	43.98	N/A	2.00	0.70	13.1	3.30
NB23-015	Including	274.00	278.00	3.94	N/A	7.00	0.60	14.7	3.10
NB23-016	Primary	135.80	148.60	12.84	N/A	4.50	0.10	8.8	3.60
NB23-016	Primary	332.90	414.20	81.34	35.0	8.50	1.10	47.0	3.70
NB23-016	Including	332.90	405.90	73.02	31.0	9.00	1.10	50.1	3.70
NB23-016	>Including	332.90	337.50	4.62	2.0	12.10	1.40	72.5	4.20
NB23-016	>Including	349.00	399.00	50.04	21.0	10.70	1.30	55.6	3.80
NB23-016	>>Including	352.00	364.40	12.39	5.3	17.20	2.00	79.1	4.20
NB23-019	Primary	115.00	169.00	54.00	N/A	7.05	0.04	10.3	3.13
NB23-019	Including	126.65	150.17	23.52	N/A	10.88	0.04	14.6	3.21
NB23-019	Primary	196.00	230.11	34.11	N/A	4.04	0.01	38.3	2.82
NB23-019	Including	213.00	230.11	17.11	N/A	6.37	0.01	15.9	2.85
NB23-019	Primary	310.57	368.00	57.43	20.0	8.42	1.77	51.8	3.42
NB23-019	Including	311.16	319.06	7.90	3.0	16.40	5.25	150.8	4.26
NB23-019	including	346.26	353.00	6.74	2.0	15.10	2.56	44.7	3.65
NB23-020	Primary	100.81	191.30	90.49	N/A	3.68	0.07	7.1	3.13
NB23-020	Including	123.00	128.80	5.80	N/A	8.48	0.03	11.5	3.55
NB23-021	Primary	184.00	202.00	18.00	N/A	13.92	0.03	36.3	3.06
NB23-021	Including	184.00	191.79	7.79	N/A	20.58	0.04	56.3	3.22
NB23-023	Primary*	32.01	108.78	76.77	N/A	6.78	0.63	17.5	3.04
NB23-023	Including	32.01	41.74	9.73	N/A	19.40	0.08	41.8	3.60
NB23-023	Including*	70.50	82.70	12.20	N/A	16.38	2.80	44.2	3.18
NB23-023	>Including*	70.50	73.70	3.20	N/A	43.09	6.93	102.0	3.93
NB23-024	Primary	130.43	149.25	18.82	N/A	13.51	0.15	20.8	3.17
NB23-024	>Including	141.94	147.92	5.98	N/A	26.87	0.39	45.7	3.55
NB23-024	>>Including	143.16	147.30	4.14	N/A	32.44	0.51	56.8	3.77
NB23-027	Primary	141.70	187.34	45.64	N/A	4.65	0.03	8.0	2.92
NB23-027	Primary	225.70	275.60	49.90	N/A	10.10	0.03	14.4	2.94
NB23-027	Including	228.45	252.30	23.85	N/A	13.95	0.04	20.3	3.12
NB23-027	>Including	245.90	249.90	4.00	N/A	31.61	0.09	49.1	3.46
NB23-027	Including	260.73	267.60	6.87	N/A	12.56	0.02	17.6	2.80
NB23-030	Primary	224.70	277.43	52.73	N/A	3.27	0.01	4.0	2.87
NB23-030	Primary	336.90	386.44	49.54	N/A	2.85	0.01	3.1	2.72

*denotes intervals with recovery of less than 85%. N/A: Not Applicable due to the variable shapes of breccia and vein mineralization.

Photo accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/9ba45f95-13f5-433e-b7fd-a4035d38c7a0

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Key Highlights:

- Identification of new Central Porphyry | Venatica West a Porphyry Cluster

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- Small portion of a much larger system | Central Porphyry Remains Open

Identification of Central Porphyry is an outstanding outcome, due to only a portion of the potassic stockwork zone outcropping, which could've easily been missed. Ultra-potassic alteration with dense stockwork as seen within this outcrop, generally tends to expand kilometres, with remaining footprint of alteration sitting under soil cover. Further fieldwork can identify full extent of this Central Porphyry.

- Potential for regional Porphyry system | SW - NE Regional Porphyry System

Preliminary fieldwork analysis on-going, with already a new Central Porphyry system being identified within virgin grounds at Venatica West, sitting ~3km Southwest of the high-grade Irka NE Porphyry and ~2km Northeast of the Irka SW Porphyry-Skarn system. Suggestive of a regional SW to NE trending porphyry cluster, filling the intersection of two district faults.

- Community Engagement Commenced | Early Community Approval

Early engagement has commenced with the local community, with multiple local members showing support for on-going exploration works. Altair's exploration team has also met with the President of the Community with very positive preliminary discussions. Altair has received initial community approval for exploration works with intention of putting forward long-term proposal of work programs, community incentive programs, project scheduling and local training.

Discovery of New Central Porphyry at Venatica West

The Central Porphyry is located on the Irka permit, situated ~3km southwest of the high-grade Irka NE Porphyry target and is a new intrusion system identified within Venatica West during initial site visit.

The upper zone of a new Central Porphyry has been identified through outcrop which consists of leached ultra-potassic stockwork of quartz, magnetite and secondary biotite dense veining, and surrounded by phyllic alteration halo and hosted within overprinted argillic alteration.

The ultra-potassic alteration suggests Altair is standing above the core of the Central Porphyry. The overprinting of strong argillic alteration has occurred from later stage hydrothermal fluids which has replaced the feldspars with clay material while maintaining the stockwork veining - suggesting a multistage mineralisation event which can significantly enrich the grades of copper sulphide and hypogene zone below. This leached stockwork from late-stage argillic alteration indicates the copper has been remobilized and disseminated into structurally favourable zones below, with potential to enhance grades within the contacts and breccia's at the core of the Central Porphyry.

The ultra-potassic zone generally sits right above the core of a Porphyry intrusion and in the case of the Central Porphyry, it is the densest set of stockwork, and veinlets discovered so far at Venatica West, with high alteration suggesting this area is the key part of hydrothermal activity and potentially the feeder to multiple other Porphyry systems.

The presence of dense secondary biotite veining on altered ultra-potassic outcrop not only indicates the presence of a new Porphyry system sitting below but also is an essential element for developing a large-scale Porphyry deposit within this particular belt.

Within other billion-tonne deposits proximal to Venatica, the presence of secondary biotite into the plays a key role in developing "scale" as its presence within porphyry stock and outwards into diorite host rock, tends to allow substitution of Fe2+ and Mg2+ with Cu2+, which can extend the copper mineral deposit footprint by a further ~500m radius in each direction from the main Porphyry core.

Key Takeaways

- Identification of new Central Porphyry akin to Bornite-Gold rich Copper Porphyries

- Ultra-potassic stockwork suggests we are standing above the core of the system

- Argillic overprint indicates a later-stage hydrothermal fluid enacted on Central Porphyry, leading to multi-phase mineralisation events.

- Leached outcrop, indicates copper has re-mobilized below into more structurally favourable zones allowing secondary enrichment in the porphyry core - which leads to higher grades.

- Presence of secondary biotite halo zone and veining in porphyry stock & diorite host is critical in developing scale within this belt for a large Cu-Au mineralisation zone beyond just the porphyry core.

- Structural alignment in SW-NE direction hosting a regional copper porphyry cluster. Irka NE Porphyry, the Central Porphyry and the SE Porphyry makes a potential corridor over more than 10km length.

This new Porphyry discovery adds on to the targets at Venatica, with 4x highly prospective undrilled targets for discovery being uncovered in this new district which is an extension of the belt which hosts multiple billion-tonne copper deposits, these targets at Venatica currently include:

- Irka NE Porphyry: Over 3.4km strike, with high-grade samples including:

- 7.0% Copper and 33g/t Silver
- 5.7% Copper and 43g/t Silver

- Irka SE Porphyry-Skarn: Large 6km2 anomalous area, with high-grade samples including:

- 4.8% Copper & 0.40g/t Gold
- 6.5% Copper & 0.52g/t Gold

- Central Porphyry: Newly discovered initial outcrop from field visit, part of a significantly larger system sitting under colluvial and soil cover. Ultra-potassic and advanced argillic alteration with significant stockwork and veining part of a separate porphyry intrusive.

- Venatica East: Over 17km of anomalous strike of copper stream sediments which are 5x background levels. Virgin grounds with potential to identify source of copper mineralisation feeding the streams and new major targets.

The identification of this Central Porphyry is significant and a result of the diligent fieldwork of the exploration team, as the outcrop is exposed over a minimal area and could've easily been missed. The degree of stockwork veining and hydrothermal activity suggests this alteration likely expands kilometres in each direction - with most of it sitting under post-mineral soil cover. Further detailed mapping and fieldwork will look to identify the true extent of this potassic alteration zone.

Venatica West is shaping up to be a regional porphyry system, hosting numerous high-quality targets for discovery. The Central Porphyry sits ~3km southwest of Irka NE and ~2km northeast of Irka SW, which indicates a structurally controlled regional porphyry trend SW - NE at Venatica West.

Community Engagement

Altair has received positive initial feedback from the community regarding its preliminary exploration activities and future plans. The community board has provided their approval and remains supportive with great relations built with local miners in the region who are eager for Altair to continue further exploration work.

Altair has also had an introduction and a very positive initial meeting with the President of the local community. Following from this, Altair representatives attended the initial community meeting and received approval to continue exploration works, with local members ready to assist. Altair continues to build upon existing supportive relationships within the community and will seek to provide a longterm formal proposal of its anticipated work programs, community incentive programs, project scheduling and local training. This proposal will be reviewed by the local community and President and will then be used to form the basis of monthly meetings with the community to build upon existing support.

Altair believes its early approach to engage the community and developing upon relationships which have been built over 10-years by the vendor of Irka will be key in fast-tracking exploration and development programs. Furthermore, this engagement is key to Altair's ESG core values and is expected to pay dividends in the future for both the Company and community. The early engagement with the community will also be critical in ensuring a smooth transition into its discovery programs.

Steps Forward at Venatica

The key anticipated steps forward aim to establish maximum value for shareholders through a scientific, systematic and diligent approach to exploration with the target of making a large-scale and globally significant discovery.

Venatica sits in the right the geological formation with all the key indicators capable of making such discovery. Altair plans to immediately initiate a comprehensive program to further evaluate the full potential of Venatica. The next key steps as part of the Venatica execution program includes:

- Evaluation of regional potential and detailed mapping

- On-going community engagement at Venatica West & Venatica East

- Rock chip and geochemical sampling program at Venatica West

Altair Chief Executive Officer, Faheem Ahmed comments:

"This is an outstanding find by our geological team within the high-grade Venatica Copper Project. This is now our third Porphyry target at Venatica West, and we are treading virgin and unexplored grounds here with potential to discover further mineralised outcrops and Porphyry's.

There is consistent dense veining across the outcrop which is exactly what you would like to see within a porphyry intrusion, suggesting significant magmatic fluid activity. More importantly, it appears the Central Porphyry has gone through multi-stage mineralisation, which not only introduces more copper into the intrusion, but also indicates copper has been leached from the outcrop and has potential to go through secondary enrichment below. These are all key indicators we are onto an exceptional exploration target, both with scale and potential to be high-grade.

We now have three key targets at Venatica West, two of them which has shown exceptional copper grades ranging 4 - 9% at surface across a large area. With the latest addition being this Central Porphyry, which has gone through significant leaching. Due to the leaching, we're looking for anomalous levels of copper at surface within the Central Porphyry, which will confirm to us this stockwork is likely to be significant mineralised at depth from remobilization of copper ions.

Furthermore, we are yet to even touch Venatica East, which hosts 17km strike of anomalous copper stream sediments. I'm incredibly excited to get boots on ground at Venatica East which is a pure greenfield opportunity and has never been systematically treaded or even sampled, and no one has ever followed up these prominent copper anomalies. We'll be the first Company to take an experienced geological team down to Venatica East, so the possibilities and upside is quite endless.

Simultaneously, we continue to progress works at Olympic Domain, our latest announcement on the project, 4 December 2024, has indicated a robust conductive ovoid, with historic drilling narrowly missing the core of the target. We are in intending to complete a follow-up TEM survey which can identify the precise depth of this ovoid, which will be critical for our drill program and targeting."

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/BB53832O

About Altair Minerals Limited:

Altair Minerals Limited (ASX:ALR) (OTCMKTS:CHKMF) is listed on the Australian Securities Exchange (ASX) with the primary focus of investing in the resource sector through direct tenement acquisition, joint ventures, farm in arrangements and new project generation. The Company has projects located in South Australia, Western Australia and Queensland with a key focus on its Olympic Domain tenements located in South Australia.

Source:
Altair Minerals Limited

News Provided by ABN Newswire via QuoteMedia

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Vertex Minerals Limited Strengthens Board with Appointment of Mining Executive Sean Richardson

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce the appointment of experienced mining executive Sean Richardson as an Independent Non-Executive Director.

Details of Mr Richardson's qualifications and experience are as set out below.

Commenting on the appointment, Chairman Roger Jackson said:

We are delighted to have Sean joining the Vertex Board at such an exciting time for the Company as we transition into high-grade gold production from stockpiles at Reward and beyond. He brings a wealth of relevant experience and we expect him to supplement the existing Board and Management team well.

SEAN RICHARDSON

MEng MSc MBA FAusIMM MEIAust GAICD

Sean Richardson is a mining professional with a career spanning over 30 years. Mr Richardson experience extends from operations through to consultancy and managerial roles where he has been involved in the exploration and development of mineral projects in Australia, North America, Africa, South-East and Central Asia.

Mr Richardson's notable roles include Managing Director of Empire Resources (ASX:ERL), Chief Operating Officer for Bardoc Gold (ASX:BDC) and Operations Manager for Shaw River Manganese (ASX:SRR).

Mr Richardson is passionate about the mining industry and its role in the advance of society, an enthusiasm that has led Mr Richardson to a seek out and attain greater knowledge of the global minerals industry.

Mr Richardson holds a Master of Engineering Technology (Mining Engineering), a Master of Business Administration (Curtin), a Master of Science in Mineral Economics (WASM), a Graduate Diploma in Mining (WASM) and an Advanced Diploma in Engineering and Mine Surveying (TAFE).

Mr Richardson is also a Graduate Member of the Australian Institute of Company Directors (GAICD), a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM) and a Member of Engineers Australia (MEIAust).

About Vertex Minerals Limited:

Vertex Minerals Limited (ASX:VTX) 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

News Provided by ABN Newswire via QuoteMedia

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Drill Hole	From (m)	To (m)	Int. (m)	Cu %	Pb %	Zn %	Ag g/t	Au g/t	ZnEq*
HS-87A-86	33.10	73.60	40.50	0.01	0.68	0.81	8.40	0.07	1.74
including	71.25	72.60	1.35	0.03	1.96	6.03	53.49	0.14	9.53
HS-87-2	9.20	68.90	59.70	0.11	0.17	0.66	8.30	0.23	2.05
including	67.30	67.60	0.30	0.04	0.70	16.30	47.8	0.07	18.67
HS-87-2	103.35	107.10	3.75	0.06	0.72	3.91	n/a	0.12	4.89
HS-88-01	170.00	218.60	48.60	0.01	0.19	0.50	3.70	0.07	0.97
including	170.00	172.00	2.00	0.03	0.35	3.58	19.8	0.07	4.76
HS-88-02	62.50	64.60	2.10	0.27	1.28	4.45	30.81	0.37	8.19
HS-88-03	182.00	250.00	68.00	0.09	0.55	1.45	11.80	0.20	3.04
including	182.40	185.00	2.60	0.91	1.32	6.44	45.68	1.99	17.35
including	191.00	192.00	1.00	0.30	3.56	5.98	32.50	0.55	11.79
including	199.70	201.00	1.30	0.20	3.56	4.52	37.80	0.27	9.39
HS-88-05	286.00	287.00	1.00	0.22	4.48	16.80	21.00	0.21	21.57
HS-88-05	298.00	395.70	97.70	0.04	0.33	1.57	9.20	0.09	2.47
including	298.00	302.00	4.00	0.30	0.74	3.62	21.38	0.14	6.17
HS-88-05	317.00	322.00	5.00	0.09	0.41	2.43	14.40	0.19	3.99
HS-88-05	332.60	337.50	4.90	0.05	0.88	3.64	22.96	0.07	5.31
HS-88-05	345.40	349.40	4.00	0.01	0.49	2.97	15.00	0.07	4.01
HS-88-05	374.60	378.60	4.00	0.01	0.76	4.11	11.90	0.07	5.21
HS-88-06	108.50	109.50	1.00	0.66	0.23	6.52	28.00	0.55	11.30
HS-88-06	130.00	134.00	4.00	0.03	0.67	2.23	5.53	0.07	3.12
HS-88-07	410.40	413.90	3.50	0.14	2.72	9.89	28.43	0.54	14.49
HS-88-07	457.85	460.70	2.85	0.18	1.08	7.13	33.71	0.16	9.97
HS-88-07	476.70	516.70	40.00	0.01	0.26	1.07	7.60	0.08	1.75
including	484.70	487.70	3.00	0.01	0.44	2.72	9.67	0.07	3.55
HS-88-07	504.60	511.70	7.10	0.02	0.58	2.47	16.90	0.11	3.77
HS90-11	573.70	575.20	1.50	0.01	0.84	3.71	15.75	0.01	4.82
HS09-17	68.00	89.90	21.90	0.01	0.28	1.00	6.70	0.03	1.51
including	69.00	73.70	4.70	0.01	0.61	1.69	12.89	0.04	2.64
HS09-18	32.25	34.25	2.00	0.02	0.42	2.11	9.02	0.03	2.82
HS09-18	66.30	68.30	2.00	0.10	0.21	2.26	12.65	0.11	3.45
HS09-18	88.31	88.81	0.50	1.19	1.57	9.70	67.50	2.72	24.46
HS09-18	92.30	100.14	7.84	0.86	1.68	3.64	26.22	0.86	10.78
including	97.42	100.14	2.72	2.10	3.60	6.17	56.42	1.82	22.25
HS09-18	126.50	135.50	9.00	0.44	0.89	3.92	31.46	0.21	7.55
HS09-18	153.90	165.20	11.30	0.08	0.62	2.18	19.06	0.08	3.69
including	158.30	161.30	3.00	0.02	1.07	3.93	24.80	0.05	5.63
HS09-20	92.56	103.10	10.54	0.03	0.47	1.23	16.89	0.07	2.38
including	98.06	99.75	1.69	0.14	1.82	4.01	90.39	0.22	9.25
HS09-20	116.30	125.55	9.25	0.11	0.63	1.76	25.25	0.04	3.47
including	123.05	124.55	1.50	0.16	0.89	3.29	42.83	0.07	6.00
HS09-21	98.38	99.87	1.49	1.26	1.98	5.71	87.61	1.99	19.58
HS09-21	133.77	159.15	25.38	0.10	0.52	1.78	13.74	0.09	3.14
including	142.61	146.61	4.00	0.09	1.54	3.24	27.90	0.20	5.98

Au	Gold
g/t	Grams per tonne
IP	Induced Polarization
km	Kilometres
m	Metres
ppb	Parts per billion

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