Base Metals

(TheNewswire)

Kiplin Metals Inc.

June 29 th 2022 TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (the " Company " or " Kiplin ") announces that the Company has applied for the requisite exploration permits for its Summer geophysical program at the Cluff Lake Road (CLR) Uranium Project in northwestern Saskatchewan. Approval for the proposed IP (Induced Polarization) program is expected in the near term. Data from the survey will be integrated with legacy datasets to develop targets for diamond drilling.

The survey is to consist of up to 40-line kilometers, in a roughly east west direction, and will be integrated with data from previous surveys. The purpose of the survey is to define drill targets which are prioritized by radon gas soil anomalies, identified within interpreted faults. The Company is applying for the requisite permits and expects to be drilling within the next 60 days.

The Company has engaged Grander Exploration to manage the program. The Company will provide updates on the timing of its work program as they become available.

Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43-101 and is responsible for, and has approved, the technical information contained in this release.

About Kiplin Metals Inc.

Kiplin Metals Inc. is a mineral exploration company. We create value for our shareholders by identifying and developing highly prospective mineral exploration opportunities. Our strategy is to advance our projects from discovery all the way to production. This vertically integrated strategy allows Kiplin Metals to achieve exceptional shareholder value through the entire life-cycle of the mining process.

Cluff Lake Road Uranium Project. Kiplin Metals has the right to earn a one-hundred percent interest in the Cluff Lake Road Uranium Project (the "CLR Project"). The CLR Project covers ~531ha in the southwestern Athabasca Basin in northern Saskatchewan, where several new discoveries, including the Arrow and Tripe R Uranium deposits have been made. The CLR Project is 5km east of the Cluff Lake Road (Hwy 955), which leads to the historic Cluff Lake Mine, which historically produced approximately 62,000,000lbs of yellowcake uranium.

Exxeter Gold Project covers an area of 715ha located in Val d'Or Quebec, one of the premier gold camps in the world which produced over 113.4M oz Au by the end of 2019. The project covers 3.8km of the Cadillac Tectonic zone, which is the principal geologic structure responsible for cold mineralization in the Val d'Or.

For further information, contact the Company at info@kiplinmetals.com , or visit the Company's website at www.kiplinmetals.com .

On behalf of the Board,

Kiplin Metals Inc.

For further information, contact the Company at 604-622-1199.

On behalf of the Board of Directors,

"Peter Born"

Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

Copyright (c) 2022 TheNewswire - All rights reserved.

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Kiplin Metals Inc.

Kiplin Metals Exploration Program on Cluff Lake Athabasca, Saskatchewan, Canada

(TheNewswire)

Kiplin Metals Inc.

May 29 th 2022 TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (OTC:ALDVF) (the " Company " or " Kiplin ") that the Company has commissioned an Induced Polarization (IP) survey at its wholly owned Cluff Lake Project in northwestern Saskatchewan. The survey is to consist of up to 40-line kilometers, in a roughly east west direction, and will be integrated with data from previous surveys. The purpose of the survey is to define drill targets which are prioritized by radon gas soil anomalies, identified within interpreted faults. The Company is applying for the requisite permits and expects to be drilling within the next 60 days.

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Kiplin Metals Inc.

Kiplin Metals Exploration Program On Track in Athabasca, Saskatchewan, Canada

(TheNewswire)

Kiplin Metals Inc.

May 10 th 2022 TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (OTC:ALDVF) (the " Company " or " Kiplin ") announces that the Company is unaware of any material events related to the operations of the Company that could have resulted in the recent market activity. The Company remains on track with the activities planned for its summer exploration programs. The Company is focused on advancing both the Cluff Lake Uranium and Exxeter Gold projects through the exploration and development processes. Management remains very confident in the successful completion of the planned work programs for 2022.

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Kiplin Logo

Kiplin Metals Looks To Expand Uranium Project Portfolio Athabasca, Saskatchewan, Canada

(TheNewswire)

Kiplin Metals Inc.

March 23 rd , 2022 - TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (OTC: ALDVF) (the " Company " or " Kiplin ") announces that its board of directors has commenced a strategic review of several uranium projects near the Company's CLR Uranium Project with the plan to expand the Company's portfolio. The Company has engaged Grander Exploration to assist in the assessment and acquisition of prospective uranium projects.

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Kiplin Logo

Kiplin Metals Identifies High Value Exploration Targets on the CLR Uranium Project, Athabasca, Saskatchewan, Canada

(TheNewswire)

Kiplin Metals Inc.

TheNewswire - February 23 rd 2022 Kiplin Metals Inc. (TSXV:KIP) (OTC:ALDVF) (the " Company " or " Kiplin ") announces that it has identified two high value exploration targets at the Cluff Lake Road Project, in northwestern Saskatchewan. The primary target (CLR1) is characterized as having the highest radon gas emissions in the 2017 survey and which correlates with a strong, north-south trending subsurface conductor (C1) which has a strike of ~3.5km. Radon gas anomalies at CLR1 have been interpreted exist within a northeast trending cross fault which intersects the conductor, roughly in the center of the project area. Radon gas, a decay product of uranium, is a significant exploration marker. The secondary target (CLR2) is located at the north end of the project area. Similarly, CLR2 is characterized by highly anomalous radon gas emissions coincident with the C1 conductor.

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Kiplin Logo

Kiplin Metals to Conduct IP/DC- Resistivity Survey on the CLR Uranium Project, Athabasca, Saskatchewan, Canada

(TheNewswire)

Kiplin Metals Inc.

February 9 th 2022 The NewsWire - Kiplin Metals Inc. (TSXV:KIP) (the " Company " or " Kiplin ") is pleased to announce the exploration plan for its wholly-owned Cluff Lake Road (CLR) Uranium Project in northeast Saskatchewan. The Company intends to complete a detailed IPDC-Resistivity survey of high priority target zones, identified through ground geophysics and radon gas emission testing. The survey will be conducted in an east-west orientation, with 100m spacing. Data from the 2022 survey will be combined with datasets from previous surveys completed jointly by Fission 3.0 Corp. and Zadar Ventures. The purpose of the 2022 survey is to define high value diamond drilling targets.

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Hot Chili

Hot Chili Gets Electric

Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) (“Hot Chili” or “Company”) is pleased to announce that Chile´s Central Authority Electrical Regulator has approved the Company’s application for connection to the Maitencillo sub-electrical power station, located 17 km from the centre of its Costa Fuego senior copper development in Chile.

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MAX Resource Corp.

MAX Resource Corp.

MAX Resource Corp is a mineral exploration company advancing the newly discovered district-scale Cesar copper-silver project. Its Cesar project sits along with the Colombian portion of the largest producing copper belt (Andean belt), with infrastructure and the presence of global majors (Glencore and Chevron). The company holds a 100% interest in the RT Gold project in Peru.

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VIDEO — Byron King: Copper Supply Can't Meet Future Demand, Here's How to Position

Byron King: Copper Supply Can't Meet Future Demand, Here's How to Positionyoutu.be

Copper is down from its all-time high earlier this year, but its long-term outlook remains strong.

Speaking to the Investing News Network at the Rule Symposium, Byron King said investors who follow the copper market know that the red metal's supply/demand outlook creates a positive picture.

"If you follow the fundamentals of copper you know that if you forecast it out … there's not enough copper," he said, noting that many large mines focused on the base metal are in "terminal decline," with not nearly enough new discoveries and development projects in the pipeline.

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Ambler Metals, Trilogy Metals' JV Company, Hosts Site Visit for Doyon Region Tribal Chiefs and NANA Region Tribal Presidents

Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) ("Trilogy", "Trilogy Metals" or "the Company") announces that on August 12, 2022 Ambler Metals LLC ("Ambler Metals"), the joint venture operating company equally owned by Trilogy and South32 Limited (ASX: S32) (LSE: S32) (JSE: S32) (ADR: SOUHY) ("South32"), hosted a site visit for Chiefs from the Doyon region and NANA region tribal leadership.

Ambler Metals' full news release is below.

News Provided by Canada Newswire via QuoteMedia

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SailingStone Applauds Turquoise Hill Response to Rio Tinto's Offer

Second Open Letter to TRQ Independent Directors Focuses on Unjust Business Dealings by Rio Tinto and Long-Time Concerns of Minority Owners

SailingStone Capital logo

SailingStone Capital Partners, a long-time owner of Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ), has delivered the attached letter to the Turquoise Hill Independent Directors:

Dear Independent Directors of Turquoise Hill Resources Ltd.,

SailingStone Capital Partners applauds the decision of the Turquoise Hill Resources Special Committee to reject Rio Tinto's opportunistic offer to acquire the minorities' stake in TRQ for C$34 /share.

As one of the largest, lowest cost, and longest duration copper/gold assets ever discovered, Oyu Tolgoi is a crown jewel. The proposed acquisition price is nowhere near the intrinsic value of Oyu Tolgoi, as it values the Company at less than 35% of capital invested to date and represents a 60% discount to Rio Tinto's own cost basis in TRQ, a position that Rio acquired over a decade ago when the net present value was far lower and the risks far greater than today. In the next few months, the underground mine will achieve sustainable first production, unlocking billions of dollars in annual free cash flow for decades into the future even before the impact of potential expansions. Tier 1 copper assets with brownfield growth options are increasingly rare and therefore increasingly valuable, particularly given how critical copper is in the race to decarbonize and expand the world's energy systems. Rio Tinto's opportunistic bid did not compensate TRQ minority shareholders adequately for any of these realities.

In addition, we appreciate that "Rio Tinto welcomes the continued investment by Turquoise Hill minority shareholders and their pro rata sharing of future risks and funding obligations." Unfortunately, most of the risks and funding obligations "shared" over the last several years have come as the result of Rio's incompetence, including the incremental equity raise which now must be addressed. However, we welcome Rio's continued participation as mine developer and operator and trust that they have addressed their internal shortcomings so that all Oyu Tolgoi stakeholders can benefit from the mine's incredible employment, business development, and free cash flow potential.

Lastly, we note the following from Rio Tinto's press release.
As previously disclosed, Rio Tinto is not interested in pursuing any alternative transaction, including any such transaction which would result in the sale of Rio Tinto's interest in Turquoise Hill or the acquisition by a third party of Turquoise Hill or Oyu Tolgoi in partnership with or independent of Rio Tinto.

Apparently, Rio Tinto isn't interested in selling their stake in TRQ, even at a price which it claims represents "compelling value" for the seller. More importantly, this statement clearly is intended to preempt any price discovery process which might allow minority owners to be fairly compensated for their 49.2% stake in the Company. While we appreciate that Rio Tinto has certain rights, it cannot and should not preclude potentially interested parties from approaching Turquoise Hill, nor can it preclude the independent directors from considering a combination or transaction from any party which might crystalize the true value of Oyu Tolgoi. In other words, if Rio wants complete control, they can acquire it for a price. The Special Committee has determined that price is meaningfully higher than C$34 /share, and we agree with that conclusion.

Best regards,

SailingStone Capital Partners LLC

ABOUT SAILINGSTONE CAPITAL PARTNERS LLC

SailingStone Capital Partners , a division of Pickering Energy Partners, provides investment solutions in the global natural resource space with a specific focus on the industrial businesses, commodities and infrastructure assets which will enable the energy transition. SailingStone manages concentrated, long-only equity portfolios for institutional investors.

For media inquiries:

Petree Partners LLC
Jennifer Petree / Tina Tallant
713.269.3776

For investor inquiries:

SailingStone
MacKenzie Davis
ir@sailingstonecapital.com

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/sailingstone-applauds-turquoise-hill-response-to-rio-tintos-offer-301606287.html

SOURCE SailingStone Capital Partners

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Alvo Minerals Limited (ASX: ALV) (Alvo or the Company) is pleased to announce multiple new FLEM conductors around the C3 prospect increasing the prospectivity of the C3 ‘cluster’. Follow-up mapping, sampling and trenching has improved the targeting at Mafico, a new and undrilled VMS prospect to the east of C3. Diamond drilling has recommenced at C3 after extensive drilling at C1. The targets around C3 will be the focus of discovery drilling in coming weeks.

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