(TheNewswire)

Brossard, Quebec, le 22 décembre 2025 TheNewswire – CORPORATION Charbone (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (« Charbone » ou la « Société »), un producteur et distributeur nord-américain spécialisé dans l’hydrogène propre Ultra Haute Pureté (« UHP ») et les gaz industriels stratégiques, est heureuse d’annoncer la livraison réussie du premier chargement d’hydrogène propre UHP à un distributeur indépendant basé en Ontario, marquant le début officiel de la génération de revenus pour sa division de production.

Première livraison d’hydrogène propre UHP vers un client distributeur indépendant en Ontario

Dans le cadre du démarrage commercial, Charbone annonce son tout premier chargement d’hydrogène propre UHP produit à Sorel-Tracy, pour son partenaire distributeur indépendant situé en Ontario. Cette première expédition confirme la capacité de la Société à approvisionner efficacement des marchés hors Québec dès la mise en service initiale.

Ce contrat marque le début d’une nouvelle phase de croissance commerciale pour Charbone, qui prévoit élargir progressivement son réseau de distribution et renforcer sa présence dans les principaux corridors industriels de l’Est du Canada et du Midwest américain. Compte tenu de l’accès limité à un approvisionnement constant et fiable en hydrogène propre UHP sur le marché nord-américain et de la forte demande pour ses produits, Charbone ne divulgue pas les volumes de ses commandes ni les prix afin de préserver sa position concurrentielle. Les revenus issus des activités de production, de distribution et de conseil de Charbone sont présentés trimestriellement sur une base consolidée.

« Nous sommes extrêmement fiers de livrer dès aujourd’hui un hydrogène propre UHP produit localement à nos premiers clients, » a déclaré Dave B. Gagnon, PDG de Charbone. « Il s’agit d’un autre jalon majeur pour Charbone, mais également pour l’industrie de l’hydrogène propre UHP en Amérique du Nord. »

Pour plus d’informations sur la vision de Charbone, la configuration modulaire de ses usines et ses perspectives économiques, veuillez consulter le site web de la société pour accéder aux documents destinés aux investisseurs, notamment la présentation et la fiche d’information. Si vous ne l’avez pas encore fait, nous vous invitons également à visionner le webinaire destiné aux investisseurs, enregistré le 16 décembre 2025, en cliquant sur le lien suivant : https://info.rbmilestone.com/Charbone-webinar-dec-2025.

À propos de CORPORATION Charbone

Charbone est un développeur et producteur d’hydrogène propre Ultra Haute Pureté (UHP) doté d’une plateforme de distribution de gaz industriels en pleine expansion. Grâce à une approche modulaire, Charbone se concentre sur le développement d’un réseau d’usines de production d’hydrogène propre en Amérique du Nord et sur certains marchés à l’étranger, en commençant par son projet phare de Sorel-Tracy au Québec. Le modèle intégré de l’entreprise réduit les risques, améliore l’évolutivité et permet de diversifier ses sources de revenus grâce à des partenariats dans le domaine de l’hélium et d’autres gaz de spécialités. Charbone s’engage à soutenir la transition mondiale vers une économie bas carbone en fournissant des solutions d’hydrogène propre et de gaz de spécialités accessibles et décentralisées, tout en soutenant les clients industriels mal desservis en gaz et en accélérant la transition vers une énergie propre locale. Charbone est coté sur la bourse de croissance TSX (TSXV: CH,OTC:CHHYF); sur les marchés OTC (OTCQB: CHHYF); et à la Bourse de Francfort (FSE: K47). Pour plus d’informations, veuillez visiter www.Charbone.com.

Énoncés prospectifs

Le présent communiqué de presse contient des énoncés qui constituent de « l’information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l’intention », « anticipe », « s’attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s’y limiter, ceux décrits à la rubrique « Facteurs de risque » dans le rapport de gestion de la Société pour la période terminée le 30 septembre 2025, qui peut être consultée sur SEDAR+ à l’adresse www.sedarplus.ca; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.

Sauf si les lois sur les valeurs mobilières applicables l’exigent, Charbone ne s’engage pas à mettre à jour ni à réviser les déclarations prospectives.

Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n’acceptent de responsabilité quant à la pertinence ou à l’exactitude du présent communiqué.

Pour contacter Corporation Charbone :

Copyright (c) 2025 TheNewswire – All rights reserved.

//NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES//

Copper Quest Exploration Inc. (CSE: CQX,OTC:IMIMF; FRA: 3MX) (‘Copper Quest’ or the ‘Company’) is pleased to announce that, further to its news releases of November 14, 2025 and December 10, 2025, it has completed its acquisition of the past producing Alpine Gold Property (the ‘Property’), located in the West Kootenay region of British Columbia (the ‘Acquisition’).

‘We are excited to offer our shareholders the opportunity to leverage a pure gold play in what has been a primarily copper-focused company. Having now successfully acquired this exceptional property with an existing historical gold resource, excellent expansion potential, and a seasoned technical team, including Alan Matovich, Ted Murano, and John Mirko, we look forward to updating our shareholders on our endeavor towards growing this current historical resource, and the possibility of seeing near-term cash flow from existing stockpiles,’ commented Brian Thurston, CEO of Copper Quest. ‘The Alpine Gold Property presents a tremendous opportunity to create near-term value for our shareholders through exposure to an all-time high gold market while we also continue to advance our multiple copper properties. Our recent financing of approximately two million dollars ensures that our shareholders will benefit from more than one exploration opportunity.’

Highlights of the Alpine Gold Property

• 2018 National Instrument 43-101 Standards of Disclosure for Mineral Projects (‘NI 43-101’) Historical Inferred Resource of 268,000 tonnes estimated using a cut-off grade of 5.0 g/t Au and an average grade of 16.52 g/t Au that represents an inferred resource of 142,000 oz of gold (McCuaig & Giroux, 2018).
• Substantial opportunity to grow the maiden Alpine resource to the east-west and to depth with only about 300m of the roughly 2km long vein system explored to date by underground mine workings and drilling.
• Estimated 24,000 tonnes Run-of-Mine mineralized stockpile on surface presenting a possible near-term cash flow opportunity.
• 1,650 metres of clean and dry underground workings accessing sampled and mineable zones.
• At least four additional relatively unexplored vein systems on the Property (Black Prince, Cold Blow, Gold Crown, and past-producing King Solomon), all hosting historic high-grade gold values.
• Road accessible 4,611.49-hectare Property including 15 Crown Grants (one with surface rights) and 19 staked mineral claims with all-season operation potential (Figure 1).
• Additions of Mr. Allan Matovich to the Board of Directors of the Company (the ‘Board‘), and Mr. Ted Muraro and Mr. John Mirko as Technical Advisors on closing. They have a combined mining and exploration experience of 150+ years in the industry.

The 4,611.49-hectare Property is approximately 20 kilometres northeast of the City of Nelson (Figure 1) and hosts a former operating underground mine with a recorded production of approximately 16,810 tonnes of mineralized vein material (Table 1). This material contained 356,360 grams of gold, 222,054 grams of silver, 49,329 kilograms of lead, and 17,167 kilograms of zinc. The other four significant vein systems on the Property will also be explored including the Black Prince and Cold Blow quartz veins approximately 3km to the northeast of the Alpine mine, the Gold Crown vein system 600m southeast, and the past-producing King Solomon vein workings 1.8km to the south. Further information about the Alpine Gold property will be forthcoming in the upcoming weeks.

Figure 1: Location Claim Map

Appointment of Mr. Allan Matovich as Director

Copper Quest is also pleased to announce the appointment of Mr. Allan Matovich to the Board. Mr. Matovich has 60+ years of mining and exploration experience in Canada and the United States. He first started with Cominco in Trail, BC, working in the smelter operation. Mr. Matovich then started Matovich Mining Industries, which supplied considerable tonnages of siliceous flux materials, lead and zinc concentrates to Cominco for over 20 years. He then opened a mining operation in 1997 in Northern British Columbia to supply barite for drilling fluids in the oil and gas industry. This mining operation is still in production today. Mr. Matovich also opened a barite operation in Washington State that is going into production. He also worked with Halliburton, Baker Hughes, and Newmont and was very successful. In 2000, Mr. Matovich purchased the Alpine Gold Property and has spent a considerable amount of time proving up the project.

Mr. Matovich commented, ‘I am very pleased to bring the Alpine Gold Property to Copper Quest and join as a director. The Company has a fantastic portfolio of advancing critical mineral projects and the Alpine Gold Project gives a potential near-term cash flow opportunity along with upside to grow the current resource with drilling. I look forward to working with the Copper Quest team to create value for all stakeholders.’

Table 1 – Production History – Minfile (082FNW127) for Alpine Mine for gold (Au) and silver (Ag)

*ore milled not reported

Appointment of Mr. Ted Muraro as Technical Advisor to the Board

Mr. Theodore (Ted) W. Muraro has been appointed as Technical Advisor to the Board. Mr. Muraro has accumulated over six decades of experience in mineral exploration, including 35 years with Cominco where he advanced to serve as the company’s Chief Geologist and Internal Consulting Geologist. Early in his career, Mr. Muraro gained underground experience at Keno Hill, HB Mine, Sullivan, and Western Mines.

His tenure at Cominco was marked by direct involvement in the discovery and subsequent successful development of the Westmin Mine at Buttle Lake, the Polaris Mine on Little Cornwallis Island in the high Arctic and Snip Mine on the Iskut River. Following his service at Cominco, Mr. Muraro assumed the role of Vice President, Exploration at Romanex and International Barytex Resources, contributing his expertise to international gold projects.

Mr. Muraro, who was awarded the Spud Huestis award in 2021 for his outstanding contributions to the industry and excellence in exploration, worked as an independent consultant (T.W. Muraro Consulting 1993-2016) on base metal and gold exploration projects around the world until his retirement in 2016. In these later years, he served on several boards as Director and/or Advisor, most recently with Imperial Metals. Mr. Muraro’s working relationship with Al Matovich started in the Rossland Mining Camp and shifted to the Alpine Property in the late 80s.

Appointment of Mr. John Mirko as Technical Advisor to the Board

Mr. John Mirko has been appointed as Technical Advisor to the Board. Mr. Mirko has over 40 years’ experience in the mining industry, including as past President and Founder of Canam Alpine Ventures Ltd. (recently sold to Vizsla Resources Ltd., a TSX Venture Exchange listed company), and currently as President and Founder of Canam Mining Corp. and Rokmaster Resources Corporation.

From 1986 to 2010 Mr. Mirko founded and served as CEO, President, and Director of four public mineral exploration companies and founded and served as Director of three other companies. He has been self-employed in the sector since 1972 as a prospector, contractor, and consultant involved in the exploration, development, and mine construction of various projects in 12 counties, and commercial production of mineral concentrates and metal products from five of the projects.

In 2008, he was a recipient of the ‘E. A. Scholtz Medal for Excellence in Mine Development’ from the Association for Mineral Exploration of British Columbia, and in 2009, the Mining Association of British Columbia’s ‘Mining and Sustainability Award’ for the MAX Mine. He is currently a member in good standing of the Society of Economic Geologists, Inc., the Canadian Institute of Mining, Metallurgy and Petroleum, the Prospectors and Developers Association of Canada and AME BC.

Transaction Details

The Company has purchased of all the minerals claims and crown grants that comprise the Property from 0847114 B.C. Ltd. (‘Privco‘), a private company. As consideration for the Property, Copper Quest has issued an aggregate of 14,177,517 common shares in its capital (the ‘Shares‘) at a deemed price of $0.135 per Share for deemed consideration of $1,913,964.80 to Privco.

The Shares are subject to a statutory hold period expiring April 19, 2026, being the date that is four months and one day from the date of issuance in accordance with applicable Canadian securities legislation. In addition, the Shares are subject to further trading restrictions as the Shares will be released in stages over the next 24 months, such that (i) 2,362,920 Shares will be released April 19, 2026; (ii) 2,362,919 Shares will be released August 19, 2026; (iii) 2,362,920 Shares will be released December 19, 2026; (iv) 2,362,920 Shares will be released April 19, 2027; (v) 2,362,920 Shares will be released August 19, 2027; and (vi) the final 2,362,920 Shares will be released December 19, 2027.

Copper Quest will also reimburse Privco a total of $225,000 towards 2025 expenditures incurred on exploring the Property and has granted a 2% net smelter returns royalty (the ‘Royalty‘) to Privco on all minerals mined, produced, or otherwise recovered from the Property. The Company retains the right to purchase half of the Royalty in consideration of $1,000,000 paid to Privco at any time.

Subject to the approval of the Canadian Securities Exchange, a finder’s fee of 587,212 common shares of the Company (the ‘Finder’s Shares‘) is applicable in connection with the acquisition of the Property. The Finder’s Shares will be subject to a statutory hold period of four months in accordance with applicable Canadian securities legislation. It is anticipated that the Finder’s Shares will be issued on or about December 31, 2025.

Debt Settlement Transactions

The Company also wishes to announce it intends to issue 218,620 common shares of the Company (the ‘Debt Settlement Shares‘) at a deemed value of $0.15 per Debt Settlement Share in order to satisfy an aggregate of $32,793 in outstanding debt for services previously provided to the Company.

The Debt Settlement Shares will be subject to a statutory hold period of four months in accordance with applicable Canadian securities legislation. It is anticipated that the Finder’s Shares will be issued on or about December 31, 2025. The issuance of the Debt Settlement Shares is subject to the receipt of all required approvals, including the approval of the Canadian Securities Exchange.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any state securities laws, and may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to available exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States.

Qualified Person

Brian Thurston, P.Geo., the Company’s CEO and a Qualified Person as defined by NI 43-101 has reviewed and approved the technical information in this news release.

ABOUT Copper Quest Exploration Inc.

Copper Quest (CSE: CQX,OTC:IMIMF; FRA: 3MX) is committed to building shareholder value through acquisitions, discovery-driven exploration, disciplined execution, and responsible development of its North American Critical Mineral portfolio of assets. Please visit our website at www.copper.quest.

The Company’s land package currently comprises six projects that span over 40,000+ hectares in great mining jurisdictions as well as the Kitimat Cu-Au Project pending acquisition.

Copper Quest has a 100% interest in the Stars Property, a porphyry copper-molybdenum discovery, covering 9,693 hectares in central British Columbia’s Bulkley Porphyry Belt. Contiguous to the Stars Property, Copper Quest has a 100% interest in the 5,389-hectare Stellar Property. CQX also has an earn-in option up to 80% and joint-venture agreement on the 4,700-hectare porphyry copper-molybdenum Rip Project, also in the Bulkley Porphyry Belt.

Copper Quest has a 100% interest in the Nekash Copper-Gold Project, a porphyry exploration opportunity located in Lemhi County, Idaho, along the prolific Idaho-Montana porphyry copper belt that hosts world-class systems such as Butte and CUMO. The project is fully road-accessible via maintained U.S. highways and forest service roads and currently consists of 70 unpatented federal lode claims covering 585 hectares.

Copper Quest has a 100% interest in the Thane Project located in the Quesnel Terrane of Northern BC which spans over 20,658 ha with 10 high-priority targets identified demonstrating significant copper and precious metal mineralization potential.

Copper Quest has a 100% interest in the past-producing Alpine Gold Mine located approximately 20 kilometers northeast of the City of Nelson spanning 4,611.49 hectares. Apart from the Alpine Mine the property hosts 4 significant vein systems including the Black Prince and the Cold Blow quartz veins, the Gold Crown vein system, and the past-producing King Solomon vein workings.

Copper Quest’s leadership and advisory teams are senior mining industry executives who have a wealth of technical and capital markets experience and a strong track record of discovering, financing, developing, and operating mining projects on a global scale. Copper Quest is committed to sustainable and responsible business activities in line with industry best practices, supportive of all stakeholders, including the local communities in which it operates. The Company’s common shares are principally listed on the Canadian Stock Exchange under the symbol ‘CQX’.

On behalf of the Board of Copper Quest Exploration Inc.

Brian Thurston, P.Geo.
Chief Executive Officer and Director
Tel: 778-949-1829

For further information contact:

Investor Relations
info@copper.quest

Forward Looking Information

This news release contains certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements‘) within the meaning of applicable securities legislation. All statements, other than statements of historical fact included herein, including without limitation, statements regarding the merits and benefits of the acquisition of the Alpine Gold Property, and the issuance of the Finder’s Shares and Debt Settlement Shares, including the anticipated issuance date thereof, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘potential’, ‘possible’, and similar expressions, or statements that events, conditions, or results ‘will’, ‘may’, ‘could’, or ‘should’ occur or be achieved. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability of the Company to obtain the necessary approvals with respect to the issuance of the Finder’s Shares and Debt Settlement Shares, risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company’s exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company’s business and prospects. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. The Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.

The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/818db0aa-2347-40b4-82aa-6b1e2169da3e

Nine Mile Metals LTD. (CSE: NINE,OTC:VMSXF) (OTC Pink: VMSXF) (FSE: KQ9) (the ‘Company’ or ‘Nine Mile’) is pleased to announce that the 3rd drill hole in its Wedge Western Extension Drill Program (DDH-WD-25-02B) has been completed.

• DDH WD-25-02B was collared approximately 60 meters northwest of WD-25-01 and drilled at an azimuth of 325 degrees and a dip of -50 degrees to a final depth of 122 meters further increasing the mineralized footprint of the target to the west (Figure 3).
• DDH WD-25-02B was successful, with massive copper bearing sulphides (VMS – Cu-Pb-Zn-Ag-Au) found associated with the contact breccia at 56.4m depth with mineralization continuing to 122 meters.
• The sulphide mineralization in the drill hole occurred in both sediments and volcanics, terminating in massive copper bearing sulphides (VMS – Cu-Pb-Zn-Ag-Au) with visible Chalcopyrite (CuFeS₂) as seen in Figure 1.
• Downhole ground conditions in the fault zone (sand seams, gouge) led to the termination of the drill hole at 122 meters, as we were drilling through a massive copper zone (Figure 1).
• Most Sample sections between 53.0 and 122.0 meters were 3 meters in length, to provide the best overall data for the drill hole. Smaller sample widths were identified and cut where appropriate.
• With massive mineralization present at the base of the drill hole, a new drill hole is being designed by the Technical Team, to be initiated from the other side of the fault zone, (New – to be permitted) in Phase 2 – 2026.

FIGURE 1: Visible VMS Quality Mineralization, Massive Chalcopyrite (CuFeS₂ ) – Samples cut for Lab Processing

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/278797_be7c233be4cc7b5b_002full.jpg 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/278797_be7c233be4cc7b5b_003full.jpg

FIGURE 2: Massive Copper Mineralization Throughout Cut Drill Core in DDH WD-25-02B Sample Section

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/278797_be7c233be4cc7b5b_004full.jpg 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/278797_be7c233be4cc7b5b_005full.jpg

FIGURE 3: Drill Hole Locations, WD-25-01, WD-25-02B

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/278797_be7c233be4cc7b5b_006full.jpg

All drill core has been measured, logged, photographed, marked and cut for sampling at the company’s warehouse in Bathurst, New Brunswick. A quick XRF analysis was also completed for sulphide confirmation – filtering and width identification in definition for sampling core for ALS Global. A total of (27) 3 meter sections have been identified for Base and Precious Metals analysis, including Antimony, and have been shipped to ALSGlobal, Moncton, New Brunswick for processing.

Gary Lohman, VP Exploration, Director, stated, ‘Drilling continues to intersect massive copper bearing mineralization in the western portion of the Wedge. The style of the mineralization varies from massive VMS (Cu-Pb-Zn-Ag-Au) to sequences of intercalated volcanics and VMS bands. XRF analysis has confirmed the high presence of copper, and we look forward to obtaining the permits required to drill this high-grade zone from the other side of the fault zone in the spring drill phase. The mineralization just continues to impress. We look forward to testing the thickness of this area of the target zone.’

Patrick J. Cruickshank, MBA, CEO & Director, stated, ‘Our 3^rd drill hole, WD-25-02B continues to demonstrate the high-quality mineralization at this deposit and now we are testing the depth on the western flank of the targets. The samples clearly confirm multiple Copper rich zones, and we are systematically drilling the area to help identify the size and scale of this body. We look forward to revisiting this area of the Target Plate in our next phase of drilling, as we were just entering a very impressive high grade copper zone. We now have (3) completed drill holes with all core sample sections delivered ALS Global Labs for ‘Rush’ processing. Our team has been highly motivated to process and ship the drill core quickly for expediated assay results from ALS Global (Moncton).’

The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’) and reviewed and approved by Gary Lohman, B.Sc., PGO., VP Exploration and Director who acts as the Company’s Qualified Person, and is not independent of the Company.

About Nine Mile Metals Ltd.:

Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Wedge VMS Project, Nine Mile Brook VMS Project, California Lake VMS Project, and the Canoe Landing Lake (East – West) VMS Project. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.

Social Media

X: @NineMileMetals
LinkedIn: Nine Mile Metals
Facebook: @ Nine Mile Metals

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as ‘will,’ ‘may,’ ‘would,’ ‘expect,’ ‘intend,’ ‘plan,’ ‘seek,’ ‘anticipate,’ ‘believe,’ ‘estimate,’ ‘predict,’ ‘potential,’ ‘continue,’ ‘likely,’ ‘could’ and variations of these terms and similar expressions, or the negative of these terms or similar expressions. . Forward-looking statements in this press release include that (a) prior to commencing the 2023 exploration drill program, the ground will be mapped at surface and representative samples analyzed to determine the base and precious metal assay values , (b) the Ag and Au values will be reported upon receipt of the certified assay results from ALS Global, and (c) our current financial raise will enable us to drill the Wedge Project (along with our Canoe Landing VMS Project and follow up exploration work on our California Lake VMS Project) this season as opposed to next year. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

____________________________________________________________________________________

The Canadian Venture Building, 82 Richmond Street East, Toronto, ON M5C 1P1 (T) (506) 804-6117
www.ninemilemetals.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278797

Surface Metals Inc. (CSE: SUR,OTC:SURMF) (OTCQB: SURMF) (‘Surface Metals’ or the ‘Company’) announces that it has completed an agreement with Snow Lake Resources Ltd. dba Snow Lake Energy (NASDAQ: LITM) (‘Snow Lake’) to sell its remaining 49% interest in 37 mineral claims in south-eastern Manitoba for total consideration of $650,000.

Pursuant to an option agreement dated January 29, 2024 between Surface Metals and Snow Lake, Surface Metals granted to Snow Lake an option to earn up to a 90% undivided interest in the following mineral claims located in south-eastern Manitoba (the ‘Properties’):

1. 21 mineral claims totaling 8,883 acres (3,595 hectares) (the ‘Shatford Lake Mineral Claims’);

2. 10 mineral claims totaling 5,196 acres (2,102 hectares) (the ‘Birse Lake Mineral Claims‘); and

3. 6 mineral claims totaling 2,930 acres (1,186 hectares) (the ‘Cat-Euclid Lake Mineral Claims‘).

Snow Lake had previously earned a 51% interest in the Properties under the option agreement, which agreement will terminate upon Surface Metal’s sale of its remaining 49% interest.

The Properties are subject to a 2% gross overriding royalty in favour of Lithium Royalty Corporation (LRC), and Snow Lake acquires Surface Metal’s remaining interest subject to the existing royalty.

About Surface Metals Inc.

Surface Metals Inc. (CSE: SUR,OTC:SURMF) (OTCQB: SURMF) is a North American mineral exploration company focused on advancing a diversified portfolio of gold and lithium projects in the state of Nevada, USA. The Company’s Cimarron Gold Project is located in Nye County, Nevada, in a historically productive gold district. Surface’s Clayton Valley Lithium Brine Project hosts an NI-43-101 compliant inferred resource of approximately 302,900 tonnes of lithium carbonate equivalent (LCE) adjacent to Albemarle’s Silver Peak Mine. Surface Metals is also advancing a lithium project in neighbouring Fish Lake Valley, Nevada.

For more information, please visit: www.surfacemetals.com

Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release. This news release contains certain statements which may constitute forward-looking information within the meaning of applicable securities laws (‘forward-looking statements’). Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278777