Quetzal Copper Receives Drill Permit for Princeton Copper Project, British Columbia

Quetzal Copper Corp. (TSXV: Q) ("Quetzal" or the "Company") is pleased to provide an update that it received a permit that allows drilling to commence at the Company's Princeton Copper Project in British Columbia, Canada. The 11,500-hectare property sits between the Hudbay Minerals and Mitsubishi owned Copper Mountain Mine and the town of Princeton.

CEO Matt Badiali said, "Princeton is the project that originally convinced us to create Quetzal Copper. It checks all the boxes for a potential home run project: next to an operating mine, high-grades in historic samples, and drive-up/drive-home targets. Despite being next to a world-class mine, the key targets remain undrilled and present an exciting opportunity for Quetzal shareholders. Historically, the targets were spread over a series of mining claims, worked independently. We are thrilled to have all the claims united now and are moving rapidly to commence drilling a soon as we can."

Princeton Copper Project

Figure 1: Location of Princeton Project Claims and Targets

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10393/224344_744f6129a429a89d_001full.jpg

The targets at the Princeton Copper project have only two reported historic drill holes. Quetzal's technical team compiled historic mapping with new geophysics data and four new targets emerged from that data:

Bud South - standout geology, geochemistry and magnetic anomaly with supporting soil geochemical anomaly and trenching and drilling data.
Knob Hill - a strong chargeability anomaly beneath cover, downhill from copper-gold in nearby trenches.
Aura and Contact - newly identified geophysical targets under till cover.

Bud South

The drill program will follow up on historic drilling at Bud South. The target has a significant copper in soils footprint over a strong magnetic high, with surface trenches exposing porphyry intrusions and alteration. In 1987 the target was drilled with three holes. The first and second holes were abandoned at shallow depths due to bad ground. The third, DD87-3 on the edge of the magnetic high, returned 10.5 metres of 0.18% copper and 0.34 g/t gold.

Our interpretation, supported by recent 3D inversions of magnetic data, is that DD87-3 did not test the core of the target.

Figure 2: Bud South Target

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10393/224344_744f6129a429a89d_002full.jpg

Knob Hill

The Knob Hill target is a strong chargeability high anomaly 300 to 600m in diameter under thin cover. It occurs downhill of historic trenching which has exposed chalcopyrite bearing quartz-albite veins. Grab samples from trenches ran 0.6% to 1.2% copper and from 0.55 g/t to 0.99 g/t gold. This target has never been drilled.

Figure 3: Knob Hill Target

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10393/224344_744f6129a429a89d_003full.jpg

Aura and Contact

The Aura and Contact targets are the least explored. They are defined in newly collected geophysical data. Aura appears as an intense apparent magnetic low surrounded by an apparent magnetic-high halo 1.5km in diameter beneath thin till cover. Where covered by the recent IP survey, the halo is a chargeability high. These may be porphyry intrusions with skarn margins which makes them priority copper-magnetite mineralization targets.

First Nations Acknowledgement

Quetzal recognizes that the Princeton Copper Project is located in the traditional unceded territories of the Smelqmix People. We are committed to respect for the land and for the people who reside there.

Cristinas Project Update

Quetzal also reports completion of the phase one exploration and drilling program at the Cristinas project in Chihuahua, Mexico. Quetzal completed three drillholes and a downhole EM (electromagnetic) survey to follow-up on targets generated by surface mapping, sampling, and fixed loop EM surveys. Each hole evaluated prospective conductors defined by the geophysical surveys. Unfortunately, the limited copper mineralization encountered does not justify further exploration at this time.

QP Statement

Dr. Roy Greig, P.Geo., a Qualified Person as defined under National Instrument 43-101, has reviewed, and approved the technical content in this release.

About Quetzal Copper

Quetzal is engaged in the acquisition, exploration, and development of mineral properties in British Columbia and Mexico. Quetzal currently has a portfolio of three properties located in British Columbia, Canada and one in Mexico. The Company's principal project, Princeton Copper, is located adjacent to Hudbay's Copper Mountain mine in southern British Columbia.

Quetzal Copper Limited
Matthew Badiali, CEO
Phone: (888) 227-6821

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

FORWARD-LOOKING STATEMENTS

The information contained herein contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-Looking information" includes, but is not limited to, statements with respect to the activities, events, or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Forward-Looking statements in this news release include, among others, statements relating to exploration and development of the Company's properties.

Such forward-looking information and statements are based on numerous assumptions, including among others, that the results of planned exploration activities are as anticipated, the anticipated cost of planned exploration activities, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company's planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-Looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, the limited operating history of the Company, aboriginal title and consultation issues, reliance on key management and other personnel, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, availability of third party contractors, availability of equipment and supplies, failure of equipment to operate as anticipated, accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

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Quetzal Copper Announces $2 Million Non-Brokered Financing

Quetzal Copper Corp. (TSXV: Q) ("Quetzal" or the "Company"), a copper-focused exploration company, is pleased to announce a non-brokered private placement for gross proceeds of CA$2,000,000 (the "Offering") by issuing 5,000,000 hard-dollar units (the "HD Units") at a price of $0.20 per HD Unit and 4,545,455 flow-through units ("FT Unit") at a price of $0.22 per FT Unit.

Each HD Unit consists of one common share and one-half common share purchase warrant (a "Warrant"). Each FT Unit will consist of one common share to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) and one-half of one Warrant. Each full Warrant entitles the holder to purchase one additional common share at $0.35 each for a period of two years following the date of closing.

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Quetzal Copper Samples 3.8 M of 2.4% Copper Associated with EM Geophysical Target Extending to 350M Depth at Cristinas Project

Highlights:

Surface rock chip channel sample returns 3.8m of 2.4% Copper and 162 g/t Silver at the Cristinas mine target.
Geophysical survey over the mine target area shows a conductor associated with mineralization that extends, untested, to at least 350m depth beneath historic shallow drilling.
A second conductor in the hanging wall of the mine target adds an additional drill target.
Drilling commencing in May 2024 to test open copper intercepts and geophysical targets at the Cristinas project.

Quetzal Copper Corp. (TSXV: Q) ("Quetzal" or the "Company"), a copper-focused exploration company, is pleased to announce the results of the due diligence surface rock sampling campaign and geophysical survey at the Cristinas Project, Chihuahua Mexico.

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Grid Battery Metals Drilling Update on its Clayton Valley Lithium Project

(TheNewswire)

Coquitlam, BC September 26, 2024 TheNewswire Grid Battery Metals Inc. (the "Company" or "Grid") ( TSXV: CELL, OTCQB: EVKRF FRA: W47 ) is pleased to announce that a reverse circulation drilling program is well under way on the Company's claim block at Silver Peak, Clayton Valley, Esmeralda County, Nevada. This strategic land package, covering approximately 2,300 acres (930 ha), directly adjoins the western portion of lithium producer Albemarle's (NYSE: ALB) evaporation ponds and is nearby Century Lithium Corp.'s (TSXV: LCE) (OTCQB: CYDVF) proposed 5,430-acre Angel Island Lithium Mine. The Company has completed the drilling of its first hole to a depth of over 870 feet, with the remaining drill holes proposed to a maximum depth of 1500 feet.

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Drilling Has Started at Prismo Metals' Palos Verdes Project

Prismo Metals Inc. (CSE:PRIZ)(OTCQB:PMOMF)(FSE:7KU) ("Prismo" or the "Company") is pleased to announce that drilling at its Palos Verdes project in Mexico has started. Hole PV-24-34 of this collaborative drilling program with Vizsla Silver Corp's (TSXV:VZLA) ("Vizsla") was collared on Vizsla's property. The planned length of the first hole is 250 meters out of a total expected 1,250 meters in the first phase of the program now underway

Dr. Craig Gibson, Co-Founder and Chief Exploration Officer of the Company explained: "The goal of the first phase of drilling is designed to explore the vein system to the west of the fault below the zone of bonanza grade intercepts from the previous campaigns. We expect the first hole to cut both the Palos Verdes vein as well as the higher gold-silver vein about 50 meters downdip from the previous intersections. Assays reported from last year's drilling include hole PV-23-25 with 102 g/t gold, 3,100 g/t silver and 0.26% zinc over 0.5 meters, or 11,520 g/t silver equivalent - the highest-grade intercept recorded at the project to date (see News Release of July 27, 2023)."

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FPX Nickel Announces Management Appointments to Support the Advancement of the Baptiste Nickel Project

FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce the appointments of Nigel Fisher as Director, Environment and Jarett Lalonde as Director, Government & Public Affairs for the Company. Mr. Fisher will lead the advancement of environmental and regulatory programs for FPX projects, while Mr. Lalonde will lead the Company's public communications and government relations strategies.

"We are excited to grow our team with Nigel and Jarett," commented Tim Bekhuys , FPX's Senior Vice-President, Sustainability & External Relations. "Mr. Lalonde has a proven track record as a trusted government relations advisor to corporations, governments and nonprofits, and brings a wealth of knowledge and strategic insight to our team. Mr. Fisher has been instrumental in permitting and advancing many of British Columbia's largest mines, including most recently, the Blackwater and Eskay Creek mines, and will lead our Environmental Permitting and Assessment for the Baptiste Project."

Mr. Fisher brings 20 years' experience leading environmental assessments, permitting and management systems, developing and executing on regulatory strategy and advancing governance and funding agreements with Indigenous governments across British Columbia . Mr. Fisher has held progressively senior roles with New Gold, Teck Resources, Woodfibre LNG, and most recently, Skeena Resources as Director of Environment and Regulatory Affairs. In his prior roles, he successfully obtained multiple regulatory approvals for large-scale resource projects while maintaining compliance with existing and changing legislation.

Mr. Lalonde is a highly regarded public affairs leader with over 20 years' experience in the natural resources, technology, and regulated products sectors. In his most recent role as Global Head of Product Policy at Shopify, Mr. Lalonde was instrumental in crafting compelling public affairs narratives for the company's diverse product offerings and spearheading engagement with policy makers across North America and Europe. Before joining Shopify, he worked with Global Public Affairs, a leading government relations and strategic communications firm, where he performed advisory work for numerous companies advancing large-scale natural resource projects in British Columbia and across Canada. Mr Lalonde previously served as Chief of Staff to the Attorney General & Minister of Justice for the province of British Columbia , and as Policy Advisor to the Minister of Natural Resources Canada.

Stock Option Grant

FPX has granted 775,000 stock options to certain employees of the Company. The stock options are exercisable at a price of $0.35 per share for a five-year period commencing on September 23, 2024 .

Market Making Services

Further to its news release on August 1, 2024 , the Company has engaged the services of Insight Capital Partners Inc. (" Insight ") and its market making service provider, ICP Securities Inc. (" ICP ") (the " Engagements ") effective August 1, 2024 .

Pursuant to an agreement (the " Consulting Agreement ") between the Company and Insight, Insight will provide capital markets consulting services, including providing the Company with advice and information regarding trading activity, for a term of twenty-four (24) months, provided that after a period of four (4) months either party may terminate the Consulting Agreement on thirty (30) days notice.

In addition, pursuant to an agreement (the " Market Making Agreement ") between the Company and ICP, the Company has engaged ICP to provide market making services. As previously announced, ICP will provide automated market making services, including use of its proprietary algorithm, ICP Premium ^TM , in compliance with the policies and guidelines of the TSX Venture Exchange and applicable securities laws. The Market Making Agreement is for an initial term of four (4) months (the " Initial Term ") and shall be automatically renewed for subsequent one (1) month terms (each subsequent one-month term called an " Additional Term ") unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable.

As previously disclosed, there are no performance factors contained in the Consulting Agreement and no stock options or other compensation are being granted in connection with the Engagements. Both Insight and ICP are at arm's length to the Company. Insight and ICP do not have any interest, directly or indirectly, in FPX Nickel or its securities or any right or intent to acquire such an interest at this time; however, Insight, ICP and its clients may acquire an interest in the securities of the Company in the future.

ICP's market-making activity will be primarily to correct temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds or securities for the market making activities.

About the Baptiste Nickel Project

The Company's Baptiste Nickel Project represents a large-scale greenfield discovery of nickel mineralization in the form of a sulphur-free, nickel-iron mineral called awaruite (Ni ₃ Fe) hosted in an ultramafic/ophiolite complex. The Baptiste mineral claims cover an area of 408 km ² , west of Middle River and north of Trembleur Lake, in central British Columbia. In addition to the Baptiste Deposit itself, awaruite mineralization has been confirmed through drilling at several target areas within the same claims package, most notably at the Van Target which is located 6 km to the north of the Baptiste Deposit. Since 2010, approximately US $30 million has been spent on the exploration and development of Baptiste.

The Baptiste deposit is located within the territories, keyohs, and consultative boundaries of the Tl'azt'en Nation, Binche Whut'enne, Yekooche First Nation, and Takla Nation .

About FPX Nickel Corp.

FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same distinctive style of nickel-iron mineralization. For more information, please view the Company's website at www.fpxnickel.com .

On behalf of FPX Nickel Corp.

"Martin Turenne"
Martin Turenne , President, CEO and Director

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking ‎information" within the meaning of applicable Canadian securities laws. These statements address ‎future events and conditions and so involve inherent risks and uncertainties, as disclosed in the ‎Company's periodic filings with Canadian securities regulators. Actual results could differ materially ‎from those currently projected by management at the time of writing due to many factors the majority ‎of which are beyond the control of FPX and its management. In particular, this news release contains ‎forward-looking statements pertaining, directly or indirectly, to the following: the duration of the ‎Consulting Agreement and the Market Making Agreement, and the services provided thereunder. These statements speak only ‎as of the date of this release or as of the date specified in the documents accompanying this release, as ‎the case may be. The Company does not assumes the obligation to update any forward-looking ‎statement except as expressly required by applicable securities law.‎

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the ‎adequacy or accuracy of this release.‎

SOURCE FPX Nickel Corp.

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Sample	X (UTM)	Y (UTM)	Width (m)	Cu (%)	Ag (g/t)	Co (%)
E792001	478235	3196588	0.3	0.0%	0.1
E792002	477656	3196389	0.5	1.1%	12.8
E792003	477214	3196135	0.5	0.9%	8.0
E792004	477052	3197216	0	0.6%	0.5
E792005	476219	3197781	0.1	7.0%	10.6	0.03%
E792006	477268	3196644	1.2	1.4%	26.1	0.02%
E792007	477269	3196647	1.0	2.0%	25.6	0.02%
E792008	477286	3196640	0.8	0.7%	10.6	0.12%
E792009	477288	3196667	0.3	2.4%	284.0	0.11%
E792010	477297	3196663	0.2	3.6%	32.3	0.23%
E792011	477314	3196683	0.3	2.8%	80.4	0.01%
E792012	477315	3196685	0.5	3.0%	95.3	0.01%
E792013	477470	3196564	0.5	4.7%	39.0	0.28%
E792014*	477436	3196535	1.0	3.5%	47.1
E792015*	477436	3196536	1.0	1.5%	19.3	0.01%
E792016*	477438	3196538	0.8	1.2%	4.2	0.01%
E792017*	477442	3196539	1.0	3.3%	91.4
E792018	477448	3196533	1.4	1.2%	374.0	0.01%
*Samples that make up the channel sample composite of 3.8m at 2.4% Cu and 162 g/t Ag.

Quetzal Copper Receives Drill Permit for Princeton Copper Project, British Columbia

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Chris Lloyd – VP Exploration

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