Heritage Mining Congratulates Neighbouring Treasury Metals Inc. on Combination Transaction with Frank Giustra Backed Deal

(TheNewswire)

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VANCOUVER, BC TheNewswire - May 8, 2024 Heritage Mining Ltd. (CSE: HML FRA:Y66) (" Heritage " or the " Company ") is pleased to congratulate Treasury Metals Inc. (" Treasury ") on its recently announced business combination transaction with Blackwolf Copper and Gold Inc. (" Blackwolf "). The Company believes this is a significant vote of confidence to one of the last underdevelopment greenstone belts in Northwestern Ontario, Canada.

Select Transaction Highlights & Comments 1

Potential Near-Term Gold Production at Treasury's Goliath Gold Complex Project

Strong Financial Position: The balance sheet of the combined entity will be fortified with a combined cash position of more than C$10 million, plus a proposed concurrent minimum C$4 million flow-through financing.

Enhanced Capital Markets Focus: New capital markets strategy to be led by cornerstone investor Frank Giustra complements significant expertise in mine permitting, construction, operations, and exploration to create value for shareholders.

Renewed Exploration Commitment: Exploration efforts are expected to be intensified within the Dryden, Ontario district, focusing on expanding the current resource area. An experienced team will oversee these efforts, aiming to simultaneously advance development and exploration, maximizing dual-track value realization.

Growth and Consolidation Strategy: The companies are actively pursuing a proactive strategy to assess and undertake strategic acquisitions, aiming to accelerate growth and strengthen its industry position.

Frank Giustra, Blackwolf's largest shareholder and expected largest shareholder of the combined company, stated: "This is a strong transaction for Blackwolf and Treasury shareholders that puts the company on the path of a buy and build strategy that I have implemented many times. We see the GGC Project as buildable and expandable on a district scale. I look forward to continuing to be a supportive shareholder and am excited to join the team as a Strategic Advisor."

"There has been growing interest in the belt over the last two years now hosting some the most world renowned mining icons in the world (Figure 1). Frank Giustra as a large shareholder to the combined entity confirms we are in the right place and we'd like to welcome Frank Giustra to the District.

Our Flagship Property has significant exploration potential with 30 kilometers of underexplored strike in a geologic setting that is shared with Treasury Metals' Goliath Gold Complex project in a highly active gold belt that also hosts Rainy River's New Gold mine and other deposits. The geological models and exploration methods that have successfully proven up over 14 million ounces of gold at Treasury, New Gold, and other projects in the region since the 1990s have yet to be systematically applied at Black Lake – Drayton.

We intend to do just that and look forward to developing our flagship project in a systematic manner with updates coming soon" Commented Peter Schloo, President, CEO and Director.

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Figure 1: HML – Regional Geologic Setting

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Figure 1: HML – DBL Project Area

ABOUT HERITAGE MINING LTD.

The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt . Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community. The Company is well capitalized, with a tight capital structure.

For further information, please contact:

Heritage Mining Ltd.

Peter Schloo, CPA, CA, CFA

President, CEO and Director

Phone: (905) 505-0918

Email: peter@heritagemining.ca

FORWARD-LOOKING STATEMENTS

This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "outlook" and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company's estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company's projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.

1 Source: Treasury Metals Inc.'s Press Release dated May 2, 2024 Treasury Metals and Blackwolf to Create New Growth-Focused North American Gold Platform"

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Heritage Mining HML:CC CSE:HML Base Metals Investing

HML:CC

Heritage Mining Announces Grant of Options

(TheNewswire)

VANCOUVER, BC, April 12, 2024 TheNewswire Heritage Mining Ltd. (CSE: HML FRA:Y66) (" Heritage " or the " Company ") is pleased to announce that the board has approved the grant of incentive stock options pursuant to its stock option plan (the " Plan ") to certain directors, officers, and consultants to purchase up to an aggregate of 1,385,000 common shares in the capital of the company (the " Options "). The Options are exercisable at a price of $0.05 per common share and will expire three years from the date of grant. The Options are subject to the terms of the Plan, the applicable Option agreements and the requirements of the Canadian Securities Exchange.

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VIZSLA COPPER PROVIDES CORPORATE UPDATE AND POPLAR COPPER-GOLD PROJECT STRATEGY UPDATE

Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) (" Vizsla Copper " or the " Company ") is pleased to announce the appointment of Craig Parry Executive Chairman, to the role of Chief Executive Officer (" CEO "), and further information on the newly acquired Poplar Project ( "Poplar" or the "Project" ). The Poplar Project is home to the Poplar Deposit (the "Deposit" ), a large porphyry-related copper-gold-molybdenum deposit that is one of the most advanced pre-production copper projects in British Columbia .

HIGHLIGHTS:

CEO. Craig Parry , Executive Chairman, has assumed the role of CEO.
Large, Gold-Rich Resource Base. The Project hosts a current undiluted indicated mineral resource of 152.3 million tonnes grading 0.32% copper, 0.009% molybdenum, 0.09 g/t gold and 2.58 g/t silver and an undiluted inferred mineral resource of 139.3 million tonnes grading 0.29% copper, 0.005% molybdenum, 0.07 g/t gold and 4.95 g/t silver.
Development Potential. The Poplar Deposit is a large, near-surface copper deposit that extends to the top of the bedrock and is covered only by a thin veneer (5- 10m thick) of overburden. It possesses a higher-grade core that also extends to the top of the bedrock and may be beneficial to phased mining scenarios.
Exploration Potential. Very little exploration drilling or ground geophysical surveying has been completed outside of the immediate Poplar deposit area, suggesting terrific potential for the discovery of additional porphyry-related mineralization.

" With the completion of the Universal Copper transaction, I look forward to taking a more active role in the Company's day-to-day operations " stated Craig Parry , Executive Chairman of the Company. " Since Vizsla Copper's inception, we've succeeded in adding multiple exciting development and exploration assets, and we're just getting started. Vizsla Copper is in a terrific position with the price of copper approaching $5 per pound and strong tailwinds continuing to dominate the sector."

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FPX Nickel Publishes Inaugural Sustainability Report

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX Nickel " or the " Company ") is pleased to announce the publication of its first and foundational Sustainability Report (the " Report "). The Report covers the period from 2021 to the present, a pivotal phase of Company growth and advancement of the flagship Baptiste Nickel Project (" Baptiste " or " the Project "). To align with escalating project development efforts during this period, FPX Nickel initiated an internal assessment of the Company's Environmental, Social, and Governance (" ESG ") performance in early 2022. The Report reflects the results of this assessment and provides an introduction to the sustainability initiatives FPX Nickel has implemented to date, as well as the commitments the Company has made for 2024.

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Awalé Resources Announces Board Changes

Awalé Resources (TSXV: ARIC) ("Awalé" or the "Company") is pleased to welcome two new members and the appointment of current member Stephen Stewart as Chair of the board of directors. Mr. Robin Birchall and Mr. Derk Hartman will be stepping down from their positions, allowing for Awalé to welcome Mr. Anthony Moreau and Mr. Karl Akueson as new directors.

Andrew Chubb, CEO of the Company, commented:

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Canadian Critical Minerals Closes Financing

Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") has closed a financing, consisting of 2,008,648 units ("Units") priced at $0.05 per Unit for proceeds of $100,432 (the "Offering"). Each Unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into a common share at a price of $0.08 per share for a period of 24 months from the Offering.

All securities issued are subject to a statutory hold period that expires four months and one day from issuance.

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PROPOSED NOMINATIONS TO STRENGTHEN WESTERN COPPER AND GOLD's BOARD

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce that Raymond Threlkeld Robert Chausse and Sandeep Singh will stand for election as directors at the Company's upcoming annual general and special meeting.

"We are extremely pleased that Mr. Threlkeld, Mr. Chausse and Mr. Singh have agreed to join our board," said Bill Williams , Interim Chairman of Western. "The expansion of the Western board reflects the growth and strategic initiatives of the Company as the Casino project moves into the next phase of its lifecycle. Their collective wealth of experience and technical, operational and financial acumen will be a strong complement to our Company."

Mr. Threlkeld is a seasoned mining professional with more than 30 years of experience in mineral exploration, mine operations and construction and executive management. Currently, he is a director of Calibre Mining Corp. and New Found Gold Corp. Most recently he was Chairman of Newmarket Gold and became a director of Kirkland Lake Gold upon the sale of Newmarket . In addition, Mr. Threlkeld was previously President and CEO of Rainy River Resources. From 1996 to 2004, Mr. Threlkeld held a variety of senior executive positions with Barrick Gold Corporation rising to the position of Vice President, Project Development. Among his accomplishments were the Pierina Mine in Peru , Bulyanhulu Mine in Tanzania , Veladero Mine in Argentina , Lagunas Norte Mine in Peru and the Cowel Mine in Australia . Mr. Threlkeld holds a B.Sc. degree in Geology from the University of Nevada .

Mr. Chausse is a proven leader with more than 25 years of international finance experience in mining who most recently served as CFO of New Gold Inc until his retirement. Currently, he is a director of Revival Gold Inc. Previously, Mr. Chausse served as CFO of Richmont Mines Inc., CFO at Stornoway Diamonds and EVP & CFO of AuRico Gold . His experience also includes VP of Finance, Operations and Projects for Kinross Gold and he held increasingly senior positions with Barrick Gold . Mr. Chausse is a Chartered Accountant and holds a Bachelor of Commerce degree from Toronto Metropolitan University.

ABOUT western copper and gold corporation

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,

"Sandeep Singh"

Sandeep Singh
Chief Executive Officer
western copper and gold corporation

SOURCE western copper and gold corporation

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Rank	Hole ID	From (m)	To (m)	Length (m)	Cu %	Mo %	Au g/t	Ag g/t	CuEq %	*CuL (%m)*
1	21-PC-131	2.20	435.00	432.80	0.42	0.011	0.15	1.80	0.58	183.32
	incl.	156.00	192.00	36.00	0.66	0.012	0.28	1.23	0.90
	incl.	242.00	270.00	28.00	0.67	0.012	0.27	3.41	0.92
2	21-PC-133	21.25	423.50	402.25	0.43	0.014	0.13	3.07	0.60	174.12
	incl.	253.25	294.50	41.25	0.94	0.018	0.23	4.06	1.19
3	19-PC-129	149.00	527.65	378.65	0.42	0.014	0.13	2.22	0.58	160.78
	incl.	397.00	452.82	55.82	0.54	0.019	0.14	2.18	0.72
	incl.	286.00	312.56	26.56	0.57	0.006	0.18	3.40	0.74
4	11-PC-88	11.79	361.00	349.21	0.41	0.020	0.12	2.62	0.59	143.92
	incl.	232.98	280.98	48.00	0.62	0.011	0.18	2.35	0.79
	incl.	166.98	187.98	21.00	0.55	0.018	0.15	1.21	0.73
5	18-PC-126	23.50	404.47	380.97	0.36	0.015	0.10	2.30	0.51	138.57
6	11-PC-84	24.99	402.88	377.89	0.36	0.012	0.10	1.74	0.48	134.85
7	11-PC-99	53.60	420.59	366.99	0.37	0.022	0.12	2.30	0.55	134.45
	incl.	340.57	379.57	39.00	0.69	0.036	0.31	0.89	1.03
8	PC-65	24.40	315.00	290.60	0.39	0.015	0.00	0.53	0.45	113.32
	incl.	36.00	78.00	42.00	0.58	0.005	0.01	0.76	0.61
9	PC-01	0.61	300.84	300.23	0.37	0.022	0.02	0.30	0.47	112.47
10	18-PC-127	8.50	270.36	261.86	0.42	0.013	0.11	2.66	0.56	110.97
	incl.	51.00	78.00	27.00	0.64	0.030	0.15	2.63	0.87

Notes:
1.	Composite intervals are calculated above 0.2% Cu (above 0.5% Cu for the included sub-intervals) and may include a maximum of 10m of internal waste,
2.	Copper equivalent values are based on metal prices of $4.00/lb Cu, $1,800/oz Au, $22/oz Ag and $15/lb Mo and an assumed 100% recovery.

Heritage Mining Congratulates Neighbouring Treasury Metals Inc. on Combination Transaction with Frank Giustra Backed Deal

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Overview

Company Highlights

Key Projects

Drayton-Black Lake Project

Project Highlights:

Contact Bay Copper-Gold Project

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Management Team

Peter Schloo - President, CEO and Director

Patrick Mohan - Chairman and Director

Wray Carvelas - Director and Chair of Compensation Committee

Rachel Chae - CFO

James Fairbairn - Director and Chair of Audit Committee

Patrick Sullivan - Corporate Secretary

Rick Horne - Geologist

Mitchel Lavery, - Advisor

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