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Fireweed Expands Property at Macmillan Pass Over Large Area of Zinc and Lead as well as Silver Targets

Fireweed Zinc LTD. ("Fireweed" or the "Company") (TSXV: FWZ) is pleased to announce the signing of two separate agreements to acquire significant large claim blocks on the western extensions of Boundary Zone and the Fertile Corridor in the Macmillan Pass area, Yukon. The first agreement with QuestEx Gold & Copper Ltd. (TSXV:QEX) comprises 410 claims covering a total area of 74 km 2 . The second agreement with two private arms-length individuals comprises 1,582 claims covering an area of 318 km 2 .

Highlights

  • Fireweed has added large highly prospective claim blocks on the western extensions of the Fertile Corridor and Boundary Zone
  • These acquisitions significantly increase the Company's land position in the Macmillan Pass area from 544 km 2 to 936 km 2
  • Historic exploration for gold in the area left a large legacy of exploration data which outlined geochemical anomalies in zinc and lead as well as large anomalies in silver. None of the zinc, lead or silver anomalies have seen any significant exploration

CEO Statement
Brandon Macdonald, CEO, stated "With the signing of these agreements, we have acquired a large land package with good exploration potential on the western extensions of the Fertile Corridor and Boundary Zone. These properties were originally explored for gold and that work generated a large volume of geochemical and geophysical data that was not closely examined for other metals. The maps attached to this news release demonstrate that there are large and strong soil geochemical anomalies indicating good potential for shale-hosted zinc and lead deposits like our Tom, Jason and Boundary Zones. In addition, there are some big kilometer-scale silver anomalies which may also indicate mineralization of a different type altogether. Our main exploration focus will remain at Boundary, Tom and Jason but these new properties represent an intriguing lottery ticket with potential for future big discoveries."

Exploration Potential
The acquired claims cover an area of high exploration potential for shale hosted Zn-Pb-Ag systems as well as large silver-in-soil geochemical anomalies. They cover the western extension of the Fertile Corridor which is host to Boundary Zone, End Zone and the Jason deposit and is the prime exploration target trend in the district (Map 1). Geological interpretation has found that the Fertile Corridor is controlled by the Hess Fault, a long active crustal-scale fault zone that appears to have been a conduit for mineralizing fluids in the district. The Hess Fault originated as a synsedimentary fault and is present across much of this newly acquired ground (Maps 2 and 3). The area around this fault and its branches is highly prospective.

Exploration for Carlin-style gold systems in the area by previous operators has exceeded $10M and has left a legacy of modern high-quality geochemistry and airborne EM-magnetics geophysics data that has only been examined to a limited degree for zinc, lead and silver potential. Inherited data includes limited historic drill hole data, 18,999 soil samples which include zinc, lead and silver analyses as well as gold, and 2,114 line-km of DIGHEM-magnetics geophysical data (Maps 4-7). The Fireweed team will undertake a study of the data this winter and generate targets for future exploration for zinc, lead and silver systems. A main study focus will be the western extension of the Eleven target that spans the Nidd and Sol properties, and the Imperial-Area 51 soil anomaly just to the west of that.

QuestEx Purchase Agreement
The first agreement with QuestEx Gold & Copper Ltd. (TSXV:QEX) is a purchase agreement under which Fireweed will acquire 410 claims covering a total area of 74 km 2 . These claims cover the immediate western extension of the Fertile Corridor (the "Sol Property"), as well as several small separate claim blocks with known mineral showings (Map 1). Under the QuestEx purchase agreement, Fireweed will acquire 100% interest in the properties for C$100,000 plus 350,000 shares upon TSX Venture Exchange approval of the agreement. QuestEx retains a 0.5% Net Smelter Royalty ("NSR) on all base metals and silver and a 2% NSR on all other metals including gold, which may be mined from the property. There is an additional private third party royalty consisting of a 2% NSR on production from the Sol Property of which 1% may be extinguished for C$2 million.

Oro Property Option Agreement
The second agreement with two arms-length individuals is a one-year option agreement under which Fireweed can acquire 1,582 claims covering an area of 318 km 2 . These claims cover geochemical targets on the distal western extension of the Fertile Corridor (Map 1). Under this option agreement, Fireweed can exercise the option and acquire 100% interest in the claims by making payments as follows:

  • C$250,000 and 500,000 shares upon TSX Venture Exchange approval of the option;
  • On or before 12 months of approval, C$250,000 and 500,000 shares

The vendors retain a 0.5% Net Smelter Royalty (NSR) on all base metals and silver and a 2% NSR on all other metals including gold which may be mined from the property.

Qualified Person Statement
Technical information in this news release has been approved by Gilles Dessureau, P.Geo, Vice President Exploration and a ‘Qualified Person' as defined under Canadian National Instrument 43-101.

About Fireweed Zinc Ltd. (TSXV : FWZ ): Fireweed Zinc is a public mineral exploration company focused on zinc-lead-silver and managed by a veteran team of mining industry professionals. The Company is advancing its district-scale 936 km 2 Macmillan Pass Project in Yukon, Canada, which is host to the 100% owned Tom and Jason zinc-lead-silver deposits with current Mineral Resources and a PEA economic study (see Fireweed news releases dated January 10, 2018, and May 23, 2018, respectively, and reports filed on www.sedar.com for details) as well as the Boundary Zone, 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, 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.

Additional information about Fireweed Zinc and its Macmillan Pass Zinc 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.

Contact:
Brandon Macdonald
Phone: 604-646-8361

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 effects of the pandemic, 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.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/ca31a077-aef0-4e91-9228-4e7923b2ee1d

https://www.globenewswire.com/NewsRoom/AttachmentNg/da573d3d-d64f-4ea0-a9aa-c2cb562d8083

https://www.globenewswire.com/NewsRoom/AttachmentNg/32d8de02-8c71-4481-92ef-b03d22249be4

https://www.globenewswire.com/NewsRoom/AttachmentNg/2c9a28e3-4a64-4769-a525-909b1bbb822f

https://www.globenewswire.com/NewsRoom/AttachmentNg/898e1fc2-3317-48d5-ac1e-e47bab63b893

https://www.globenewswire.com/NewsRoom/AttachmentNg/62b0ef0c-064f-41f0-8d09-d7c77da26519

https://www.globenewswire.com/NewsRoom/AttachmentNg/28f1a316-0677-4b72-989f-31283d0af71c


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Osisko Metals Announces Receipt of Shareholder and Stock Exchange Approvals for Appian Joint Venture Transaction

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Voltage Metals Corp. ("Voltage" or the "Company") (CSE: VOLT) (OTC: VLTMF) is pleased to announce that it plans to undertake a non-brokered private placement of up to 16,666,667 common shares at a price of C$0.03 per share to raise gross proceeds of up to C$500,000 (the "Share Offering").

Voltage Metals logo (CNW Group/Voltage Metals Corp.)

The Company may pay a finder's fee to certain finders of up to 3% of the aggregate gross proceeds of subscriptions facilitated by such finders.

The Company intends to use the proceeds of the Share Offering for technical reporting, exploration of the Company's mining properties, potential strategic acquisitions, and general working capital.

The closing of the Share Offering is expected to occur on or about March 27 , 2023.  All securities issued pursuant to the Share Offering will be subject to a four month hold period in accordance with applicable Canadian securities laws.

About Voltage Metals

Voltage is a mineral exploration company with an experienced team focused on battery metals exploration in the Canadian provinces of Ontario and Newfoundland . The Company's mission is to create shareholder value by exploring and developing projects that display sound geology and discovery potential.

Forward Looking Statements

This press release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian and U.S. securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by management. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information. There can be no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward- looking information for anything other than its intended purpose. Management of the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE Voltage Metals Corp.

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Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) is pleased to announce that the Company has qualified for trading on the OTCQB Venture Market in the United States operated by the OTC Markets Group Inc. and the Company's common shares now trade on the OTCQB under the symbol "PGZFF".

Pan Global Resources Inc. logo (CNW Group/Pan Global Resources Inc.)

The Company's common shares will continue to trade on the TSX Venture Exchange (the "TSX-V") under the symbol "PGZ".

"As part of graduating from the OTC Pinks to OTCQB platform, we learned that that Pan Global has a more significant following in the U.S. markets than we expected. The posting of our shares on the OTCQB allows greater access and visibility for the Company as we advance the Escacena Copper Project in southern Spain ," said Tim Moody, President and CEO of Pan Global. "As we continue to expand our presence within the U.S. investment community, the trading of our shares on the OTCQB platform facilitates the expansion and growth of the Company."

U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com . The Company's listing on the TSX-V and the trading of its shares on the OTCQB contribute to a growing awareness of the Company and affords investors lower-barrier access to trading.

The 2023 Project plan includes more than 50 additional drill holes at Escacena. A 10-hole stepout and infill drill program is in progress at the La Romana discovery targeting electromagnetic anomalies, further testing the continuity and potential down-dip extensions of the mineralization. Drilling is also in progress at the Zarcita and Romana Deep targets at Escacena.

Catalysts for 2023 include:

  • Assay results from the ongoing exploration drilling at La Romana, the Romana Deep target (electromagnetic anomaly on the down-dip projection of the La Romana mineralization) and Zarcita target (located 4 km north of La Romana)
  • Gaining access to the west and east of La Romana to continue testing extensions of the near-surface mineralization and geophysics targets
  • Results from ongoing La Romana metallurgy testwork
  • Assay results from drilling on the extensions of La Romana following access
  • Discovery of additional exploration targets from the ongoing exploration
About the Escacena Project

The Escacena Project comprises a large, contiguous, 5,760-hectare land package controlled 100% by Pan Global in the east of the Iberian Pyrite Belt. The project is located near operating mines at Las Cruces and Riotinto and is immediately adjacent to the former Aznalcóllar and Los Frailes mines where Minera Los Frailes/Grupo Mexico is in the final permitting stage with construction anticipated to restart in 2023. The Escacena Project hosts the La Romana copper-tin discovery and a number of other prospective targets, including Zarcita, Hornitos, La Jarosa, Romana Deep, Bravo, Barbacena, El Pozo, and San Pablo.

Pan Global Resources Inc. is actively engaged in base and precious metal exploration in southern Spain and is pursuing opportunities from exploration through to mine development. The Company is committed to operating safely and with respect to the communities and environment where we operate.

On behalf of the Board of Directors

Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. The Company believes that the expectations reflected in the forward-looking information included in this news release 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. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.

The forward-looking information contained in this news release is based on information available to the Company as of the date of this news release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information.

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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SOURCE Pan Global Resources Inc.

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