Base Metals

Fireweed Zinc LTD. ("Fireweed" or the "Company") (TSXV: FWZ) announces that as a result of the most recent drill results discovering new mineralized zones at Boundary, the Company has expanded the search area with strong discovery potential.

Two distinct systems were drilled at the new discovery at Boundary West: an upper sequence and a lower sequence of stratiform zinc mineralization. These stratiform systems are overprinted by wide intervals of vein-hosted mineralization. Historic exploration focused only on the upper sequence rock units. The discovery of zinc mineralization in the lower sequence rocks, in addition to the surrounding wide intervals of vein mineralization, greatly expand the search area with strong discovery potential.

The upper sequence includes a stratiform, massive-sulphide cap to the system hosted by mid-late Devonian rocks; and a lower sequence of stratiform zinc mineralization hosted in Late Ordovician-Early Silurian rocks. The discovery of Boundary West was originally announced in Fireweed news release dated 24 th September 2020.

Highlights

  • 25.6 metres of massive-sulphide pyrite-sphalerite-galena mineralization were intersected by hole NB20-004 in a barite rich section that may represent a replaced barite cap to the system.
  • Laminated barite-replacement zinc-lead mineralization similar in style to Tom and Jason were intersected in holes NB20-007 and NB20-009.
  • Significant widths of stratiform zinc mineralization have been intersected in NB20-009 within the same age host rocks as those that host mineralization in the Howard's Pass district, representing the first discovery of this style of mineralization in the Macmillan Pass district.

CEO Statement
Brandon Macdonald, CEO, stated, " Boundary West is open in all directions and even though we are at the initial stages of discovery, the early indications of multiple styles of mineralization across wide intervals point to the potential for a very large deposit at Boundary Zone . Adding to this potential is what we are learning from the geology at the new discovery . Historically , exploration in the district focused on the upper sequence Devonian age rocks where the Tom and Jason stratiform deposits are situated. This new discovery clearly demonstrates that the lower sequence Ordovician -Silurian age rocks are also host to significant stratiform zinc mineralization . This along with the wide zones of vein mineralization at Boundary West indicate great potential throughout the property for additional discoveries in lower sequence rocks that have seen little exploration effort in the past. "

Boundary West
The new discovery at Boundary West was made by drill testing a large gravity anomaly detected in August 2020 (see Map 1). Zinc mineralization at Boundary West is present in two sequences: the upper sequence; and the lower sequence. Each sequence broadly comprises an interval of stratiform zinc mineralization overprinted and underlain by an interval of vein-hosted zinc mineralization (see Table 1 and Cross section 1).

Upper sequence
The first drillhole into the gravity anomaly, NB20-004, intersected 25.6 metres of massive-sulphide mineralization from 130.6 m to 156.2 m, comprising mostly massive pyrite (>80% vol.) with some sphalerite and minor galena. Relict patches of black mudstone and mudstone fragments containing barite pseudomorphed by silica or pyrite are found within the massive-sulphide. This intersection is in the stratigraphy above Boundary Zone in rocks that are correlative with the host rocks to the Tom and Jason deposits. In subsequent drillholes NB20-007 and NB20-009, laminated sphalerite-galena-pyrite mineralization (similar in style to Tom and Jason) and semi-massive sulphides were intersected at the same stratigraphic interval as the massive-sulphide in NB20-004. Overprinting and underlying the stratiform interval, wide intervals of vein hosted pyrite-sphalerite mineralization were intersected: e.g. NB20-004 intersected 76.8 m of vein hosted and semi-massive pyrite-sphalerite mineralization below the massive-sulphide from 156.2 to 233.0 m (see Cross Section 1).

Dr. Jack Milton, Fireweed Chief Geologist, commented, " Th e upper interval in NB20-00 4 appears to represent a massive - sulphide cap to the system and the textures suggest that this layer may have originally been barite-rich and has been subsequently replaced by sulphide . There are strong textural parallels with other sediment-hosted massive - sulphide systems such as Red Dog, Alaska, and further parallels with the spatial relationship between the massive - sulphide and the underlying vein-hosted mineralization. This gives a compelling reason to step out the drilling next season and attempt to vector towards more feeder- proximal parts of the system where there is the potential for higher grade sections of massive - sulphide. "

Lower sequence
Stratiform zinc mineralization was intersected in hole NB20-009 from 160.0 m to 227.8 m (67.8 m intersected), occurring as fine to medium grains of disseminated grey sphalerite concentrated along sedimentary laminae in radiolarian cherty mudstones. Identification of graptolite fossils that precisely date the rocks from the new discovery west of Boundary Zone show that stratiform sphalerite mineralization occurs in the late Ordovician-Early Silurian part of the Road River Group (Cross Section 1). This demonstrates that stratiform mineralization in NB20-009 occurs not only in the upper sequence mid to late Devonian Earn Group rocks that host mineralization at Tom and Jason but that a second wide mineralized interval occurs in the older, lower sequence Late Ordovician-Early Silurian rocks.

Dr. Jack Milton commented, " The discovery of stratiform sphalerite mineralization in these lower sequence Late Ordovician to Early Silurian rocks at Boundary West is highly significant as Early Silurian rocks host the large zinc-lead deposits at Howard's Pass , 90 km southeast of our property , and t his is the first discovery of stratiform mineralization hosted in Early Silurian rocks in the Macmillan Pass district . Th is discovery shows the existence of multiple pulses of mineralization and a long-lived hydrothermal system that is hosted by rocks of at least Upper Ordovician to late Devonian age. The new discovery at Boundary West demonstrates that not only does the Macmillan Pass district have potential to contain upper sequence mid-late Devonian hosted deposits; but also , lower sequence Howard's Pass style Early Silurian hosted zinc-lead deposits. "

The lower sequence stratiform interval of zinc mineralization is overprinted by multiple generations of sphalerite-pyrite-quartz-galena-siderite veins. The vein mineralization forms a wide interval, overlapping the stratiform mineralization and extending 178.2 m below the stratiform styles of mineralization in NB20-009 from 227.8 m to 406.0 m (see Cross Section 1 and Fireweed news releases dated September 24 th , 2020 and October 15 th , 2020 for details). Hole NB20-004 was terminated before reaching lower sequence rocks.

The gravity anomaly at Boundary West remains untested along strike for hundreds of metres in both directions away from the fence of discovery drill holes.

Assays remain pending for all 2020 drilling at Boundary Zone and no visual estimates for grade are reported. All drilled intervals are stated as intersected widths, and true widths have not been estimated as NB20-004, NB20-007, and NB20-009 are the first three holes drilled into the exploration target at Boundary West and the three dimensional geometry of the mineralized zone has not been defined. Investors are cautioned that textural comparisons of the mineralization in the Fireweed exploration targets discussed in this news release to other mineralized systems does not imply an expectation for similar grades, volumes or potential for eventual economic extraction.

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.

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/3ee98aec-7674-4c32-8c72-95065ee82dd8

https://www.globenewswire.com/NewsRoom/AttachmentNg/fe272dba-639e-487b-9ca0-e69b9bf28dae

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Forte Minerals Appoints Two Strategic Members to the Advisory Committee

Forte Minerals Appoints Two Strategic Members to the Advisory Committee

Forte Minerals Corp. ("Forte" or the "Company") (CSE: CUAU) (OTQB: FOMNF) ( Frankfurt : 2OA), a junior mining exploration company has blended assets with GlobeTrotters Resources Perú SAC to build an attractive portfolio of high-quality copper and gold assets in Perú. The Company's portfolio combines early-stage and drill-ready targets with a historically discovered and drilled porphyry system that is strategically positioned for copper and gold resource development.

Forte Minerals CSE: CUAU | OTCQB:FOMNF | Frankfurt:2OA (CNW Group/Forte Minerals Corp.)

Forte Minerals is pleased to announce the appointment of two new strategic members to its advisory committee. These talented individuals were appointed by the board of directors for the purpose of offering advice and support on a wide range of issues relevant to the exploration & mining initiatives in Peru as well as the financial advancement of the Company.

We're excited and honoured to welcome Ricardo Labó and Peter Espig to the team. Mr. Labó is a mineral economist with over 20 years industry experience in Peru , Latin America , and Africa . His wealth of regional experience and strong political network is invaluable.

Mr. Espig is a financier and former VP at Goldman Sachs, with an impressive track record. He has structured over US$2.0 billion in private equity and pre-IPO investment transactions from the principal side and is a pioneer of SPACs, having completed over $1.0 BN in transactions.

Ricardo Labó and Peter Espig are joining existing advisors', Paul Johnston and Thomas Henricksen to form a well-balanced advisory committee. The committee will serve as an important complement to the Board of Directors and management of the Company, and create considerable value in form of contacts, perspective, industry expertise, as well as strategic input and financial guidance.

Ricardo Labó MSc . - Mineral Economist

Mr. Labó is currently the country manager in Peru for Element 29 (TSXV: ECU), a partner at LQG Energy and Mining Consulting, General Manager of LQG Ambiental and Executive Director of the Australia Peru Chamber of Commerce.

He has held several high-level positions in the Ministry of Energy and Mines of Peru including Vice Minister of Mines, Advisor to the Minister of Energy and Mines as well as Director of Mining Promotion and Development where he successfully promoted responsible mining exploration and development investment in the country. In the private sector, he held several senior positions at Rio Tinto, Roche, Phelps Dodge and Grupo Apoyo, provided strategic advisory and consultancy services to several international mining companies and institutions, and was a board member of several private and state-owned mining and energy companies.

Mr. Labó is a Peruvian Chartered Economist from Universidad del Pacifico ( Peru ), with an MSc. in Mineral Economics from Colorado School of Mines (US), an LLM in Mineral Law and Policy from CEPMLP, University of Dundee (Scotland , UK) and an MBA from Adolfo Ibañez School of Management ( Chile and US).

Peter Espig – Financial Advisor

Since November 2013 , Mr. Espig has been the President and CEO of Nicola Mining Inc. (TSX-V: NIM). He has been active in the turnaround of mining projects and has functioned in management and director roles for numerous mining companies. He is experienced in the analysis of investment opportunities, raising capital, deal sourcing, financial structuring, and corporate turnaround.

Mr. Espig served as Vice-President of the Principal Finance and Securitization Group and Asia Special Situations Group for Goldman Sachs Japan. Prior to joining Goldman Sachs, Mr. Espig was Vice-President of Olympus Capital, a New York private equity firm, where he participated in corporate restructurings, investment analysis and financing negotiations for both domestic and international investments.

In 1989, Mr. Espig received his B.A. from the University of British Columbia and later received his MBA from Columbia Business School , where he was a Chazen International Scholar.

Paul Johnston PhD . – Technical Advisor

Mr. Johnston is a professional geologist with 30 years experience in the mining industry. His career as a mine geologist began at the Hemlo Gold deposit with Noranda. In 1996, he joined the exploration group at Teck Resources Limited (TSX-V: TECK) and amassed extensive international experience in early to advanced stage exploration through a variety of technical and management roles in Southeast Asia , Australia , North America , and South America , including Regional Chief Geoscientist for South America . Mr. Johnston currently serves as a Director on the board of Nicola Mining Inc. (TSX-V: NIM)

He holds a PhD from Queen's University and is a member of the Association of Professional Engineers and Geoscientists of British Columbia . Mr. Johnston's extensive international experience in early to advanced stage exploration for gold, copper and zinc is a great asset to the company.

Thomas Henricksen PhD. – Senior Geologist Advisor

Dr. Henricksen is a highly regarded economic field geologist with over five decades of exploration experience. He was one of the founders of Plan B Minerals Corp., now Forte Minerals Corp. Dr. Henricksen was the recipient of the Association for Mineral Exploration of British Columbia's 2018 Colin Spence Award for Excellence in Global Mineral Exploration. He received this notable award in recognition of his outstanding contributions to mineral discovery, and for being involved in some monumental discoveries and acquisitions across the world.

Dr. Henricksen has successfully worked on 40 mineral exploration projects in over 14 countries on 6 continents. In 2012, Dr. Henricksen served as Vice President of Exploration for Aegean Metals Group Inc., leading the senior field team in identifying, evaluating, and acquiring two high-grade gold-copper prospects (VMS Hot Maden and Ergama) in Turkey . Prior to this, Dr. Henricksen served as senior field geologist for Apoquindo Minerals Inc., which won a bid from Teck Resources to explore and develop a copper-gold deposit (Zafranal) in Peru , resulting in more than 400 million tons of copper.

In addition to many other successful exploration projects, he served as a member of the Arctic exploration team that successfully identified the Red Dog mine in Alaska , now the world's largest zinc reserves. Operated by Teck Resources in partnership with NANA Development Corporation, Red Dog's gross profit in 2017 was $971 million . Before this, Dr. Henricksen led efforts to secure the Eskay Creek mine for US Borax Inc. (a subsidiary of Rio Tinto), which, during the period of Dr. Henricksen's involvement, became the world's highest-grade gold mine and the fifth largest silver mine by volume.

He holds a BSc in Geology from the University of Wisconsin , and a Ph.D. in Economic Geology from Oregon State University .

ABOUT Forte Minerals CORP.

The Company is committed to maximizing shareholder value through acquiring, exploring, discovering, and developing copper and gold projects in Perú. Moving rapidly along the line of opportunity towards a value maxima is very attractive to investors. Significant value growth is generated when early-stage exploration moves towards resource definition while zoning in on target development and eliminating the early-stage grassroots risk. All three of Forte's properties offer this opportunity, with tremendous upside considering their geological potential.

On behalf of Forte Minerals CORP.
(signed) " Patrick Elliott "
Chief Executive Officer

www.forteminerals.com

Certain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors.

Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions, including the effects of COVID-19. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements.

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

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/forte-minerals-appoints-two-strategic-members-to-the-advisory-committee-301625972.html

SOURCE Forte Minerals Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2022/16/c4786.html

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"The drill is turning!" said Bryce Bradley, President and CEO. "Nearly five decades after the discovery of these gold-silver targets, they are finally being drilled. We are excited that the team has successfully mobilized to Liwa with a custom made drill fit for Fiji's unique terrain, and we'll be working hard to complete the program and get assays to market."

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The issuance of the Shares to the Vendor represents the second payment required pursuant to the option agreement dated March 17, 2022, as amended, (the "OptionAgreement") entered into with the Vendor for the acquisition Jackpot Lake, located in Clark County, Nevada. The Shares are subject to a hold period of four months and one day. The Shares issued were fewer than the maximum of 937,500 Shares, being the cap included in the Option Agreement, as the Company's 10-day VWAP of $0.302 was above the 10-day VWAP at the time of signing the Option Agreement. The third payment will need to be made on or before March 17, 2023.

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Fabled Wraps Up 2022 Muskwa Exploration Discusses Accomplishments for the Season

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Figure 1 - General Property Location

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