Fireweed Zinc Provides Final Boundary Zone Drill Results and a 2021 Exploration Review

Fireweed Zinc Provides Final Boundary Zone Drill Results and a 2021 Exploration Review

Fireweed Zinc LTD. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF) is pleased to provide new diamond drilling results from the last two holes at Boundary West and a synopsis of its 2021 exploration results and work program on the Macmillan Pass Zinc-Lead-Silver Project in Yukon, Canada.

Highlights – New Drill Results

  • Step-out hole NB21-009 at Boundary West intersected 14.0% zinc, 0.2% lead, and 57 g/t silver over 3.05 metres within a broader stratiform zone grading 4.9% zinc, 0.7% lead, and 34 g/t silver over 21.6 metres.
  • Several narrow (0.85 to 2.0 m) intervals of high-grade (>10% Zn) vein mineralization were intersected in a broader interval of vein mineralization grading 3.5% zinc over 28.3 m in hole NB21-009.
  • Hole NB21-010 extends mineralization to a strike length of over 400 metres at Boundary West.

Highlights for 2021 Exploration Program

  • In 2021 drilling at Boundary West intersected multiple wide zones of high-grade mineralization including stratiform layers, massive sulphides, veins, stockworks and replacements.
  • Drilling highlights in step out holes included 8.22% zinc and 53 g/t silver over 60.68 metres, and 7.71% zinc and 32 g/t silver over 46.96 metres.
  • A new discovery assayed 23.77% zinc, 3.44% lead and 75.7g/t silver over 10.42 metres in stratiform mineralization similar in style to the Tom and Jason deposits.
  • A step-out drill intersection at Boundary Zone returned the first significant copper result of 1.54% copper and 5.42% zinc over 2.00 metres
  • Infill drilling at Tom East intersected 11.7 metres of 6.9% zinc, 5.0% lead and 48.7 g/t silver
  • All zones remain open for extension
  • Ground gravity geophysics, airborne VTEM geophysics, geological mapping and geochemical sampling were carried out and successfully identified several additional targets for drilling

CEO Statement
After reviewing these results, Fireweed CEO Brandon Macdonald stated "2021 was another globally challenging year but through diligent work by our talented team and strict health protocols, we had another very successful year at Macmillan Pass. The 2021 work was highlighted by new discoveries and excellent results especially at Boundary West. The 2021 drill program continued to grow Boundary and Boundary West Zones. We continued to intersect wide high-grade zones over a large area and in multiple rock formations with a variety of mineralization types – massive sulphides, veins, stockworks, and another new zone of laminated, stratiform mineralization similar in style to our large Tom and Jason deposits. All zones remain open for extension building on what is already one of the largest undeveloped zinc resources in the world at just Tom and Jason.

I want to personally thank our talented and hard-working team for all their great work in 2021, our First Nations partners for their support, guidance and valuable contributions, and our shareholders for their trust and support during a challenging year. We all look forward to another year of major accomplishments in the field in 2022 which will lead to an updated mineral resource to include Boundary zones and an updated PEA economic study next year."

Boundary West New Drilling Results
These last two holes from the 2021 drill program extended Boundary West stratiform and vein mineralization eastward. Hole NB21-009 was drilled at Boundary West and was collared to the north of the Boundary Zone Fault. In the hangingwall of this fault, narrow intervals of high-grade sphalerite veins were intersected within chert pebble conglomerates and mudstones of the late Devonian Earn Group, such as 2 m of 17.17% zinc (Table 1). Within the footwall section of the fault, an interval of stratiform mineralization was intersected grading 4.89% zinc, 0.67% lead, and 34.0 g/t silver over 21.6 m, comprising laminated, stratiform sphalerite-pyrite mineralization (Photo 1), containing an interval of semi-massive sphalerite-pyrite grading 13.99% zinc, 0.23% lead, and 56.9 g/t silver over 3.05 m (Table 1). This stratiform zone has been correlated with the high-grade laminated zone discovered in 2021 at Boundary West. Below the stratiform zone, several intervals of semi-massive pyrite-sphalerite were intersected within a barite-rich interval with pseudomorphs of pyrite or silica after barite. These semi-massive sulphide zones are correlated laterally to the zone of massive sulphide at Boundary West. Pervasive silicification was noted within and surrounding the massive sulphide, semi-massive sulphide and laminated mineralization at Boundary West, forming an alteration halo above and below the mineralization.

Table 1: Diamond Drilling Results, Boundary West

Hole From (m) To (m) Interval* (m) Zn (%) Pb (%) Ag (g/t) Bulk Density (t/m3) Style
NB21-009 31.60 35.35 3.75 3.10 0.03 6.3 2.340 Vein-hosted
NB21-009 41.50 44.72 3.22 3.29 0.03 5.7 3.004 Vein-hosted
NB21-009 73.60 74.83 1.23 3.02 0.01 1.4 3.571 Vein-hosted
NB21-009 121.60 122.50 0.90 3.97 0.01 11.9 3.078 Vein-hosted
NB21-009 140.98 169.30 28.32 3.54 0.01 5.6 2.834 Vein-hosted
>including 140.98 142.06 1.08 12.64 0.01 13.9 2.874 Vein-hosted
>and 151.49 152.27 0.78 11.15 0.03 18.8 2.748 Vein-hosted
>and 157.60 159.60 2.00 17.17 0.04 28.4 3.249 Vein-hosted
>and 161.60 162.45 0.85 16.52 0.02 24.1 3.227 Vein-hosted
>and 168.30 169.30 1.00 9.74 0.02 11.4 2.799 Vein-hosted
NB21-009 189.10 189.99 0.89 1.72 11.08 43.1 3.472 Vein-hosted
NB21-009 228.00 249.60 21.60 4.89 0.67 34.0 3.135 Stratiform zone
>including 234.31 235.60 1.29 6.68 5.20 81.6 3.551 Stratiform zone
>and 246.55 249.60 3.05 13.99 0.23 56.9 3.832 Stratiform zone
NB21-009 295.00 298.00 3.00 2.13 0.44 13.9 3.221 Semi-massive sulphide
NB21-009 306.14 308.71 2.57 6.75 0.42 33.5 4.426 Semi-massive sulphide
NB21-009 438.55 439.97 1.42 7.18 0.17 12.3 4.093 Semi-massive sulphide
NB21-010 83.40 96.00 12.60 0.12 1.37 20.9 3.222 Semi-massive sulphide
NB21-010 138.28 142.40 4.12 1.97 1.37 18.1 3.189 Vein-hosted
NB21-010 158.00 166.75 8.75 1.65 0.43 12.9 3.291 Volcanic equivalent

*Intersected width. True widths of stratiform, semi-massive sulphide and volcanic-equivalent styles are interpreted to be 60-70% of intersected widths. Vein-hosted mineralization is considered to be a stockwork with a true width equal to the intersected width.

Photo 1: Illustrating laminated high-grade mineralization from the stratiform zone: grey sphalerite and brassy pyrite within black mudstone cut by pink sphalerite veinlets. From NB21-009, 241.5 m depth, scale bar 20 mm is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/1f0bc63b-b4f9-4dad-a9fa-ccce114561f3

Hole NB21-010 intersected lead-rich mineralization in silicified diamictites that correlate laterally to the massive sulphide zone at Boundary West, confirming the presence of this barium-rich stratigraphic interval for a strike length of over 400 metres across Boundary West. Whilst NB21-010 extended the footprint of Boundary West, the potential stratigraphic and structural link between zinc mineralization at Boundary West and Boundary Zone remains an untested yet geologically plausible target.

2021 Drilling and Exploration Highlights
In 2021 a total of 13 diamond drill holes (3,850 metres) were drilled at the Macmillan Pass Project. A synopsis of the exploration target at Boundary Zone and Boundary West is given here along with selected 2021 drilling highlights (see Table 2 and complete results relating to 2021 drilling can be found in Fireweed News Releases dated 17 th August 2021, 16 th September 2021, 18 th November 2021, 23 rd November 2021, and 12 th January 2022):

Boundary Zone and Boundary West Summary

The zinc mineralization in the Boundary area has a significant areal footprint, extending over 1,500 metres strike length and a breadth of over 800 metres. Two distinct mineralization centers have been defined by 15 holes at Boundary West and 16 holes at Boundary Zone.

Boundary Zone is at least 350 m along strike, has been drilled at least 300 m down-dip, is approximately 185 to 250 m true thickness, and occurs from surface beneath a thin blanket of till, approximately 5-10 m thick. Intersections that cut through the complete thickness of Boundary Zone are over 200 metres in length and range in grade from 2.35% to 4.51% zinc and contain many shorter high-grade intervals (Cross Section A-A'). In 2021, step-out hole NB21-005 successfully extended zinc mineralization to depth and also intersected a 2 m interval of 1.54% copper and 5.42% zinc – the first occurrence of significant grade copper mineralization at Boundary Zone. Zinc mineralization at Boundary Zone typically takes the form of sphalerite or sphalerite-pyrite veins, vein-breccias, or replacements within coarse clastic rocks. The exploration target at Boundary Zone remains open in all directions.

Boundary West is over 400 m along strike, extends from 20 m below surface to over 300 m down-dip. Boundary West contains multiple stratiform layers that form discrete zones of zinc mineralization, including a laminated zone, a massive sulphide zone, a volcanic-hosted zone, and a "Howard's Pass"-style zone. In addition to the stratiform zones there is a stockwork of sphalerite-pyrite veins. The high-grade laminated zone was discovered in 2021, with an intersection in NB21-002 returning 23.77% zinc, 3.44% lead, 75.7 g/t silver over 10.42 m and is similar in texture and mineralogy to the Tom and Jason deposits. The massive sulphide zone comprises massive sphalerite-pyrite, was intersected multiple times in the 2021 drill program and ranges in grade on section B-B' from approximately 4.8% to 6.5% zinc near surface to 8.2% to 10.4% zinc at depth, with a true width of approximately 22 to 27 metres. The volcanic-hosted zone was intersected in 2021 hole NB21-008 grading 5.4% zinc over 73.4 m and shows rapid lateral thickness changes (Cross Section C-C', Table 2). The Howard's Pass style mineralization was intersected in 2020 hole NB20-009 but was not targeted in the 2021 drill program (for more details see Fireweed News Release dated 25 th February 2021). Boundary West is open in all directions, with a general trend of increasing grade with depth and other geological indications of getting closer to the feeder with depth, where higher grades may be anticipated.

The Boundary Zone-Boundary West area contains many geological features that provide a highly prospective environment for a significant size sediment hosted zinc system, including:

  • Abundant diamictite, multiple eruptions of alkalic mafic volcaniclastic rocks, rapid lateral thickness and facies changes that all point to active extension throughout the deposition of the host rock sequence.
  • Highly varied styles of zinc mineralization and overprinting textural relationships that show evidence for multiple episodes of zinc mineralization.
  • Stratiform mineralization hosted at several different stratigraphic levels throughout a late Ordovician through to late Devonian sequence of rocks within barite rich intervals, carbonate-altered mafic volcaniclastic rocks and within brittle-vein stockworks that demonstrate a wide variety of reactive host rocks and lithological-structural traps for zinc.
  • The location of Boundary Zone along the "fertile corridor" (Map 1) adjacent to a major crustal structure, the Hess Fault, within a region of synsedimentary faulting that provide a prospective structural setting for zinc mineralization.
Table 2: 2021 Boundary West drilling highlights.
Drill Hole

From (m)

To (m)

Intersection (m) 1

Zinc (%)

Lead (%)

Silver (g/t)

Bulk Density (t/m 3 )

Mineralization Style

NB21-001 116.05 129.50 13.45 2.63 0.26 13.2 2.88 L
including 116.05 118.71 2.66 9.28 0.28 29.6 2.99 L
including 116.05 116.95 0.90 19.35 0.29 42.8 3.35 SM
NB21-001 187.25 234.21 46.96 7.71 0.70 32.1 3.52 L
including 187.25 188.92 1.67 30.95 7.60 77.8 3.70 L
including 187.25 188.15 0.90 46.50 11.54 117.3 4.13 L
including 193.77 215.35 21.58 10.11 0.64 44.0 4.05 MS
NB21-002 87.10 127.34 40.24 4.57 0.02 7.9 2.87 V



including 87.10 100.50 13.40 9.99 0.06 17.4 3.03
including 88.21 91.57 3.36 22.20 0.11 28.4 3.39
NB21-002 175.01 208.00 32.99 9.91 1.64 39.6 3.08 L



including 175.01 185.43 10.42 23.77 3.44 75.7 3.57
including 179.00 183.58 4.58 36.14 5.25 100.7 3.70
NB21-002 316.39 377.07 60.68 8.22 0.71 53.6 3.86 MS,SM





including 316.39 356.47 40.08 10.36 0.94 66.7 4.15
including 335.21 342.21 7.00 13.77 1.28 96.0 4.43
including 335.21 337.30 2.09 18.72 2.69 136.1 4.53
NB21-006 39.20 51.43 12.23 †( 60%) 11.14 0.40 38.8 3.05 L, V
including 44.20 48.07 3.87 †( 47%) 16.66 0.20 44.4 3.02 L, V
NB21-008 56.07 58.96 2.89 6.09 0.65 39.2 3.45 L, SM
NB21-008 186.67 260.02 73.35 5.41 0.19 10.5 3.50 V, MS
including 194.61 196.80 2.19 9.85 0.13 17.0 4.04 SM
NB21-008 204.00 220.09 16.09 10.39 0.16 15.7 3.55 V, R
NB21-008 252.28 260.02 7.74 10.89 0.71 24.8 4.04 MS
NB21-009* 228.00 249.6 21.6 4.89 0.67 34.0 3.13 L
Including* 246.55 249.6 3.05 13.99 0.23 56.9 3.83 L


Table 3: 2021 Boundary Zone drilling highlights.
Drill Hole From (m) To (m) Interval (m) 1 Zinc (%) Lead (%) Copper (%) Silver (g/t) Bulk Density (t/m 3 ) Style
NB21-005 65.00 67.00 2.00 †( 70%) 5.42 0.04 1.54 5.7 2.77 V
NB21-005 109.95 313.00 203.05 2.35 0.01 0.01 4.6 2.86 V, R, SM
including 147.85 161.75 13.90 3.67 0.02 0.01 6.0 3.08 SM, V
including 180.25 214.70 34.45 4.61 0.01 0.01 8.9 2.93 SM, V
including 237.60 240.73 3.13 6.24 0.02 0.01 7.2 2.99 R
including 254.25 266.07 11.82 5.60 0.02 0.01 12.5 2.91 R, V
including 274.46 313.00 38.54 †( 59%) 3.47 0.01 0.01 4.3 2.74 SM, V

Mineralization Style: MS= massive sulphide; SM= semi massive sulphide; V= vein; R= replacement; L= laminated/stratiform
†Low recovery zone, core recovery indicated in parentheses.
*New drill results reported in this news release. See Table 1 for detailed results.

Tom East 2021 Drilling
Tom East is one of the highest grade zones discovered on the property to date with current Mineral Resources of 0.81 Mt at 8.74% Zinc, 8.62% Lead, and 110.0 g/t Silver Indicated in addition to 1.68 Mt at 9.86% Zinc, 12.86% Lead and 170.0 g/t Silver Inferred (see Fireweed news release dated 10 th January 2018, and reports filed on www.sedar.com for details). Results from an infill hole drilled in 2021 are in Table 4 and a second hole tested the limits of the zone (see Figure 5 & Table 5). These infill results provide information that will inform geological modelling for a new resource calculation and guide further exploration. Tom East is open for expansion at depth.

Table 4: 2021 Tom East Zone Drill Results
Drill Hole From (m) To
(m)
Interval (m) Estimated True Width (m) 1 Zinc (%) Lead (%) Silver (g/t) Bulk Density (t/m 3 )
TS21-001 145.21 183.20 37.99 11.70 6.92 5.03 48.7 3.20
Including 145.21 153.20 7.99 2.46 10.41 11.58 149.9 3.45
Including 150.20 152.20 2.00 0.62 12.61 15.01 219.6 4.27
Including 151.20 152.20 1.00 0.31 18.34 16.68 256.9 4.12

Field Work
Field work in 2021 consisted of geophysical surveying, geological mapping, and geochemical sampling mainly at and west of the Boundary area, and successfully identified several additional targets for drilling (see Figure 1). A total of 91 line kilometres of ground gravity surveys and 1,305 line kilometres of airborne magnetic-electromagnetic (VTEM) were carried out in the Boundary area and beyond. A cutting edge muon downhole geophysics survey was attempted but crews were unable to deploy the muon detectors down the holes. Currently, interpretation of results from the 2021 mapping, geochemistry and geophysics work are being carried out toward planning of the 2022 work program.

Future Plans
On December 8, 2021, Fireweed announced closing of a C$5.18 million financing toward an active 2022 exploration program. The financing was completed well before the next field season to allow the Company to secure drillers and contractors who are expected to be in short supply again next season. Final plans for the 2022 exploration program will be announced when the interpretation of 2021 field work is completed and budgets are approved. The main goal of the 2022 program will be to complete sufficient work to update the NI43-101 mineral resource to include Boundary zones and other results collected since 2018, and then update the PEA economic study next year.

Notes on sampling, assaying, and data aggregation:

The diamond drill core logging and sampling program was carried out under a rigorous quality assurance / quality control program using industry best practices. Drill intersections in this release are all HQ3 (split tube) size core (61.1mm / 2.4-inch diameter) with recoveries typically above 85% unless otherwise noted in the tables of results. After drilling, core was logged for geology, structure, and geotechnical characteristics, then marked for sampling and photographed on site. The cores for analyses were marked for sampling based on geological intervals with individual samples 1.5 m or less in length. Drill core was cut lengthwise in half with a core saw; half-core was sent for assays reported in this news release, and the other half is stored on site for reference. Bulk density was determined on site for the entire length of each sample assayed by measurement of mass in air and mass in water. Sample duplicate bulk density determinations and in-house bulk density standard determinations were each made at a rate of 5%. Since 2017, four in-house bulk density standards (mineralized drill core from the Tom deposit that span a range of densities) have been used and show an acceptable long-term precision. Certified standard masses are used to calibrate the scale balance used for bulk density determinations.

A total of 5% assay standards or blanks and 5% core duplicates are included in the sample stream as a quality control measure and are reviewed after analyses are received. Standards and blanks in 2021 drill results have been approved as acceptable. Duplicate data add to the long-term estimates of precision for assay data on the project and precision for drill results reported is deemed to be within acceptable levels. Samples were sent to the Bureau Veritas preparation laboratory in Whitehorse, Yukon, where the samples were crushed and a 500 g split was sent to the Bureau Veritas laboratory in Vancouver, B.C to be pulverized to 85% passing 200 mesh size pulps. Clean crush material was passed through the crusher and clean silica was pulverized between each sample. The pulps were analyzed by 1:1:1 Aqua Regia digestion followed by Inductively Coupled Plasma Mass Spectrometry (ICP-ES/ICP-MS) multi-element analyses (BV Code AQ270). All samples were also analyzed for multiple elements by lithium borate fusion and X-ray fluorescence analysis (XRF) finish (BV Code LF725). Over-limit Pb (>25.0%) and Zn (>24.0%) were analyzed by lithium borate fusion with XRF finish (BV Code LF726). Silver is reported in this news release by method AQ270, and zinc and lead are reported by LF725 or LF726. Bureau Veritas (Vancouver) is an independent, international ISO/IEC 17025:2005 accredited laboratory.

Results in this news release are length and bulk-density weighted averages as would be used in a Mineral Resource estimate. Readers are cautioned that in Fireweed news releases prior to 2020, only length weighted assay averages were reported which may result in slightly lower (under-reported) average values. Length and bulk-density weighted averages have been reported as these most accurately represent the average metal-content of the intersections.

Qualified Person Statement
Technical information in this news release has been approved by Jack Milton, P.Geo., Ph.D., Chief Geologist and a ‘Qualified Person' as defined under Canadian National Instrument 43-101.

Oro Property Option Exercised
Fireweed is pleased to announce that it has exercised its option on the Oro Property covering the western extension of the Fertile Corridor and exploration targets west of Boundary Zone (see Fireweed news release dated 23 rd November 2020 for details). With this exercise, Fireweed is now 100% owner of all claims comprising the 940 km2 Macmillan Pass Project.

About Fireweed Zinc Ltd. (TSXV: FWZ;   OTCQB: FWEDF   ): Fireweed Zinc is a public mineral exploration company managed by a highly experienced team of mining industry professionals. The Company is advancing its 100% owned, district-scale 940 km 2 Macmillan Pass Project in Yukon, Canada, which is host to the Tom and Jason zinc-lead-silver deposits with current Mineral Resources and a PEA economic study (see Fireweed news releases dated 10 th January 2018, and 23 rd May 2018, respectively, and reports filed on www.sedar.com for details) as well as the Boundary Zone, Boundary Zone West, Tom North Zone and End Zone which have significant zinc-lead-silver mineralization drilled but not yet classified as mineral resources. The project also includes large blocks of adjacent claims (MAC, MC, MP, Jerry, BR, NS, Oro, Sol, Ben, and Stump) which cover exploration targets in the district where previous and recent work identified zinc, lead and silver prospects, and geophysical and geochemical anomalies in prospective host geology.

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. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the Company on www.otcmarkets.com. In Europe, Fireweed (FSE: 20F) trades on the Frankfurt Stock Exchange .

Additional information about Fireweed Zinc and its Macmillan Pass Project including maps and drill sections can be found on the Company's website at www.FireweedZinc.com and at www.sedar.com .

ON BEHALF OF Fireweed Zinc LTD.

" 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
This news release may contain "forward-looking" statements and information relating to the Company and the Macmillan Pass Project that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company's operations, 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, and one-time events. Additional risks are set out in the Company's prospectus dated May 9, 2017, and filed under the Company's profile on SEDAR at www.sedar.com . Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
Footnotes:

  1. Estimation of true widths of intervals in the drill results tables is based on current geological interpretation of historic and recent drilling data. At Boundary Zone and Boundary West, true widths of semi-massive, replacement and stratiform/laminated mineralization are estimated to be 30 to 80% of intersected interval widths noted in this news release. Vein-hosted mineralization is interpreted to be stockwork style with true widths equal to intersection widths.

Figure 1: Location of Macmillan Pass deposits and exploration targets.

https://www.globenewswire.com/NewsRoom/AttachmentNg/ed972db5-13df-4553-bff2-4756add93af6

Figure 2: Boundary area 2021 drilling map and location of cross sections A-A' (Figure 3) and C-C' (Figure 4).

https://www.globenewswire.com/NewsRoom/AttachmentNg/2a9b80f9-b860-4f27-b9fc-bd0a56b0545f

Figure 3, Cross Section A-A': Boundary Zone geology and drill assay results

https://www.globenewswire.com/NewsRoom/AttachmentNg/85c646d4-4675-4abf-8917-982c5440ea7c

Figure 4, Cross Section C-C': Boundary West geology and drill assay results.

https://www.globenewswire.com/NewsRoom/AttachmentNg/67f2b596-b072-4103-a793-90a36745866d

Figure 5: Tom East Zone 2021 drill hole location map.

https://www.globenewswire.com/NewsRoom/AttachmentNg/44b1b68b-101e-411e-9d05-b1230d305d48

Table 5: 2021 Drill Hole Results And Observations

Drill Hole Length (m) Zone Target Results and Observations
NB21-001 277.0 Boundary West BZW down-dip extension Results reported 17 th August 2021.
NB21-002 439.0 Boundary West BZW down-dip extension Results reported 16 th September 2021.
NB21-003 189.0 Boundary West BZW step-out to west Results reported 23 rd November 2021.
NB21-004 382.7 Boundary West BZW step-out to west Results reported 23 rd November 2021.
TS21-001 402.7 Tom East Tom East infill Results reported 12 th January 2022.
TS21-002 46.0 Tom East Tom East step-out Hole ended early due to drilling problems and redrilled as TS21-003.
TS21-003 401.5 Tom East Tom East step-out No mineralization encountered.
NB21-005 481.7 Boundary Main BZ down-dip extension Results reported 18 th November 2021.
NB21-006 157.2 Boundary West BZW step-out to east Results reported 23 rd November 2021.
NB21-007 106.7 Boundary West BZW step-out to east Results reported 23 rd November 2021.
NB21-008 325.8 Boundary West BZW step-out to east Results reported 23 rd November 2021.
NB21-009 445.6 Boundary West BZW down-dip extension Results reported in this release.
NB21-010 190.5 Boundary West BZW step-out Results reported in this release.

Table 6: 2021 Drill Collar Details

Drill Hole Length (m) Zone Easting* Northing* Elevation (m) Dip (°) Grid Azimuth (°)
NB21-001 277.0 Boundary West 422052 7010614 1217 -65 211
NB21-002 439.0 Boundary West 422053 7010614 1218 -75 212
NB21-003 189.0 Boundary West 421932 7010644 1226 -50 204
NB21-004 382.7 Boundary West 421932 7010644 1226 -75 204
TS21-001 402.7 Tom East 442064 7004322 1679 -82 060
TS21-002 46.0 Tom East 442197 7004428 1688 -89 236
TS21-003 401.5 Tom East 442197 7004431 1688 -89 236
NB21-005 481.7 Boundary Main 422397 7010550 1203 -75 211
NB21-006 157.2 Boundary West 422093 7010516 1189 -50 211
NB21-007 106.7 Boundary West 422094 7010518 1189 -70 211
NB21-008 325.8 Boundary West 422094 7010518 1189 -75 211
NB21-009 445.6 Boundary West 422128 7010632 1223 -68 211
NB21-010 190.5 Boundary West 422199 7010400 1159 -75 211

*UTM Zone 9 NAD83. Final RTK GPS surveyed.

Contact:
Brandon Macdonald
Phone: (604) 646-8361


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Fireweed Metals CORP. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQX: FWEDF; FSE: M0G) is pleased to announce its upgrade from the OTCQB® Venture Market to the OTCQX® Best Market ("OTCQX"), a top-tier public market in the United States. As of today, Fireweed's common shares are actively trading on OTCQX under the trading symbol "FWEDF." This significant step underscores the Company's commitment to accessibility for U.S. investors, aligning with the high standards set by OTCQX.

CEO Statement

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OTC Markets Group Welcomes Fireweed Metals Corp. to OTCQX

OTC Markets Group Welcomes Fireweed Metals Corp. to OTCQX

OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Fireweed Metals Corp. (TSX-V: FWZ; OTCQX: FWEDF; FSE: M0G), a mineral exploration company, has qualified to trade on the OTCQX® Best Market. Fireweed Metals Corp. upgraded to OTCQX from the OTCQB® Venture Market.

Fireweed Metals Corp. begins trading today on OTCQX under the symbol "FWEDF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com .

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Fireweed Makes Complete Drill Database Available and Launches New Website

Fireweed Makes Complete Drill Database Available and Launches New Website

Fireweed Metals CORP. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF; FSE: M0G) is pleased to report that an integrated dataset containing all previously released Fireweed and historical drilling data from the Macmillan Pass ("Macpass") Project, Yukon, Canada, is now available on a newly launched website.

Highlights

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Dore Copper Announces Filing and Mailing of Management Information Circular in Connection with Special Meeting and Encourages Shareholders to Access Meeting Materials Electronically

Dore Copper Announces Filing and Mailing of Management Information Circular in Connection with Special Meeting and Encourages Shareholders to Access Meeting Materials Electronically

Doré Copper Mining Corp. (" Doré Copper ") (TSXV: DCMC; OTCQB: DRCMF; FRA: DCM) today announced that it has filed and is in the process of mailing the management information circular (the " Circular ") and related materials for the special meeting (the " Meeting ") of shareholders of Doré Copper (" Doré Copper Shareholders ") to be held December 16, 2024. At the Meeting, Doré Copper Shareholders will be asked to consider and vote on a special resolution (the " Arrangement Resolution ") approving a statutory plan of arrangement (the " Plan of Arrangement ") pursuant to Section 192 of the Canada Business Corporations Act (the " Arrangement "), subject to the terms and conditions of an arrangement agreement dated October 14, 2024 (the " Arrangement Agreement ") entered into among Doré Copper, Cygnus Metals Limited (" Cygnus ") and 1505901 B.C. Ltd., a wholly owned subsidiary of Cygnus, all as more particularly described in the Circular.

The board of directors of Doré Copper (the " Doré Copper Board ") and the special committee of independent directors established by the Doré Copper Board (the " Special Committee ") have unanimously determined that the Arrangement is in the best interests of Doré Copper and that the Arrangement is fair to the Doré Copper Shareholders. The Special Committee and the Doré Copper Board reviewed and considered a significant amount of information and considered a number of factors relating to the Arrangement, with the benefit of advice from Doré Copper's management, and the financial and legal advisors of the Special Committee and the Doré Copper Board. The Special Committee unanimously recommended that the Doré Copper Board recommend to Doré Copper Shareholders that they vote FOR the Arrangement Resolution. The Doré Copper   Board unanimously recommends that Doré Copper   Shareholders vote   FOR   the Arrangement Resolution. See pages 33 to 36 of the Circular for a detailed description of the " Reasons for the Arrangement ".

In accordance with the interim order granted by the Ontario Superior Court of Justice (Commercial List) on November 12, 2024, providing for the calling and holding of the Meeting and other procedural matters relating to the Arrangement, the Arrangement can only proceed if, among other conditions, it receives the approval of not less than two-thirds (66⅔%) of the votes cast on the Arrangement Resolution by Doré Copper Shareholders in person or by proxy at the Meeting and not less than a majority (50% + 1) of the votes cast on the Arrangement Resolution by Doré Copper Shareholders in person or by proxy at the Meeting excluding the votes cast by certain interested or related parties or joint actors of Doré Copper in accordance with the minority approval requirements of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions .

Under the Arrangement Agreement, the parties have agreed to effect the Arrangement, pursuant to which Cygnus will indirectly acquire all of the issued and outstanding common shares in the capital of Doré Copper (" Doré Copper Shares "), and Doré Copper Shareholders will be entitled to receive, for each Doré Copper Share held immediately prior to the effective time of the Arrangement (the " Effective Time "), 1.8297 fully paid ordinary shares (the " Consideration ") in the capital of Cygnus (each one whole share, a " Cygnus Share ").

As a result of, and immediately following the completion of, the Arrangement, Doré Copper will be an indirect wholly-owned subsidiary of Cygnus and the former Doré Copper Shareholders will be entitled to receive the Consideration for each Doré Copper Share previously held by them immediately prior to the Effective Time (subject to rounding, as provided for in the Plan of Arrangement).

Cygnus has applied for its Cygnus Shares to be listed on the TSX Venture Exchange (the " TSXV "). It is a condition of closing that Cygnus shall have received conditional listing approval from the TSXV to list the Cygnus Shares on the TSXV. Listing of the Cygnus Shares on the TSXV will be subject to Cygnus receiving approval from, and fulfilling all of the minimum listing requirements of, the TSXV.

Meeting and Circular

The Meeting of the Doré Copper Shareholders will be held at the offices of Bennett Jones LLP located at One First Canadian Place, 100 King Street West, Suite 3400, Toronto, Ontario, M5X 1A4 on December 16, 2024 at 12:00 p.m. (Toronto time). Doré Copper Shareholders of record as of the close of business on November 13, 2024 are entitled to receive notice of and to vote at the Meeting. Doré Copper Shareholders are urged to vote before the proxy deadline of 12:00 p.m. (Toronto time) on December 12, 2024.

The Circular provides important information on the Arrangement and related matters, including the background of the Arrangement, the rationale for the recommendations made by the Special Committee and the Doré Copper Board, and voting procedures. Doré Copper Shareholders are urged to read the Circular and its appendices carefully and in their entirety. The Circular is being mailed to Doré Copper Shareholders in compliance with applicable Canadian securities laws. The Circular is available under Doré Copper's profile on SEDAR+ at www.sedarplus.ca and on Doré Copper's website at www.dorecopper.com .

Impact of Canada Post Labour Strike

Due to the ongoing Canada Post labour strike, it is possible that Doré Copper Shareholders may experience a delay in receiving the Circular and related materials in respect of the Meeting. Doré Copper Shareholders are encouraged to access the Circular and related materials electronically as noted above. Registered holders of Doré Copper Shares experiencing a delay in receiving the Circular and related materials may contact Computershare Investor Services Inc. at 1-800-564-6253 to obtain their individual control numbers in order to vote their Doré Copper Shares. Registered holders of Doré Copper Shares are encouraged to vote their Doré Copper Shares via the internet at www.investorvote.com or via telephone at 1-866-732-VOTE (8683). Registered holders of Doré Copper Shares are also encouraged to complete and return letters of transmittal by hand or by courier to ensure the appropriate documents are received in a timely manner. Beneficial holders of Doré Copper Shares experiencing a delay in receiving the Circular and related materials should contact their broker or other intermediary for assistance in obtaining their individual control numbers in order to vote their Doré Copper Shares. Beneficial holders of Doré Copper Shares are encouraged to vote their Doré Copper Shares via the internet at www.proxyvote.com or via telephone at 1-800-474-7493 (English) or 1-800-474-7501 (French). It is recommended that any physical forms of proxy or voting instruction forms be delivered via courier to ensure that they are received in a timely manner.

Registered holders of Doré Copper Shares who wish to exercise their dissent rights in connection with the Arrangement are also cautioned to deliver their written objection to Doré Copper by mail using a method other than Canada Post or by facsimile transmission in accordance with the instructions set forth in the Circular to ensure that they are received in a timely manner.

Other Matters

Agreement with SOQUEM

Further to its news release dated July 3, 2024, on July 2, 2024, Doré Copper issued 1,190,476 Doré Copper Shares to SOQUEM at a deemed price of $0.105 per Doré Copper Share in connection with its acquisition of a 56.41% interest in a group of contiguous claims located immediately north and east of its flagship high-grade Corner Bay copper project in the Chibougamau mining camp.

About Doré Copper Mining Corp.

Doré Copper Mining Corp. aims to be the next copper producer in Québec with an initial production target of +50 million pounds of copper equivalent annually by implementing a hub-and-spoke operation model with multiple high-grade copper-gold assets feeding its centralized Copper Rand mill 1 . Doré Copper has delivered its PEA in May 2022 and is proceeding with a feasibility study. Doré Copper has consolidated a large land package in the prolific Lac Doré/Chibougamau and Joe Mann mining camps that has historically produced 1.6 billion pounds of copper and 4.4 million ounces of gold. 2 The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometer radius of Doré Copper's Copper Rand Mill.

About Cygnus Metals

Cygnus Metals Limited (ASX: CY5) is an emerging exploration company focused on advancing the Pontax Lithium Project (earning up to 70%), the Auclair Lithium Project and the Sakami Lithium Project in the world class James Bay lithium district in Québec, Canada. In addition, Cygnus has REE and base metal projects at Bencubbin and Snake Rock in Western Australia. The Cygnus Board of Directors and Technical Management team have a proven track record of substantial exploration success and creating wealth for shareholders and all stakeholders in recent years. Cygnus' tenements range from early-stage exploration areas through to advanced drill-ready targets.

For further information about Doré Copper, please contact:

Ernest Mast Laurie Gaborit
President and Chief Executive Officer Vice President, Investor Relations
Phone: (416) 792-2229 Phone: (416) 219-2049
Email: ernest.mast@dorecopper.com Email: laurie.gaborit@dorecopper.com

Visit: www.dorecopper.com
Facebook: Doré Copper Mining
LinkedIn: Doré Copper Mining Corp.
Twitter: @DoreCopper
Instagram: @DoreCopperMining

Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this news release, including, without limitation, statements with respect to the proposed Arrangement and the terms thereof, the completion of the Arrangement, including receipt of all necessary court, shareholder and regulatory approvals and timing thereof, the listing of the Cygnus Shares on the TSXV, and the plans, operations and prospects of Doré Copper and its properties are forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the ability to obtain approvals in respect of the Arrangement and to consummate the Arrangement, the ability to obtain approvals for the listing of the Cygnus Shares on the TSXV, integration risks, actual results of current and future exploration activities, benefit of certain technology usage, the ability of prior successes and track record to determine future results, changes in project parameters and/or economic assessments, availability of capital and financing on acceptable terms, general economic, market or business conditions, future prices of metals, uninsured risks, risks relating to estimated costs, regulatory changes, delays or inability to receive required regulatory approvals, health emergencies, pandemics and other exploration or other risks detailed herein and from time to time in the filings made by Doré Copper with securities regulators. Although Doré Copper has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. 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. Doré Copper 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 required by law.

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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Silver47 Drills 2.9m of 1,078.8 g/t Silver Equivalent  at the West Tundra Flats Zone at Its Red Mountain Project, Alaska

Silver47 Drills 2.9m of 1,078.8 g/t Silver Equivalent at the West Tundra Flats Zone at Its Red Mountain Project, Alaska

Silver47 Exploration Corp. (TSXV: AGA) ("Silver47" or the "Company), is pleased to announce results from two diamond drill core holes at the West Tundra Flats resource area for a combined 331m at its wholly owned flagship Red Mountain Project in Alaska, USA. Both drill holes cut high-grade silver-zinc-lead-gold-copper zones within a wider sulfide mineralization horizon.

Highlights from 2024 West Tundra Flats Drill Holes:

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Red Metal Resources Engages German Investor Awareness and Digital Marketing Consultants

Red Metal Resources Engages German Investor Awareness and Digital Marketing Consultants

Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) ("Red Metal" or the "Company") The Company has engaged Investment-Zirkel-München ("IZM") that offers several services for German language investor awareness including news dissemination, conference calls, real-time investor forums and an active investors network throughout Europe. IZM has a select investor following that participate in both financings and open market buying. The IZM contract is for a two-year term at a cost of CAD$25,000.

IZM has a business address at Lena-Chris-Str 9, Nuebiberg, Germany. The services to be provided will be overseen by Mathias Voigt, President of the company, who can be contacted at mv@i-z-m.info. Mr. Voigt owns 150,000 shares of the Company.

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