Apollo Silver Corp. (‘Apollo Silver’ or the ‘Company’) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0). Further to the Company’s news release disseminated this morning announcing a non-brokered private placement offering of 5,000,000 units (the ‘Units’) of the Company at a price of $5.00 per Unit, for aggregate gross proceeds of $25,000,000 (the ‘Offering’), Apollo Silver wishes to clarify that each Unit issued pursuant to the Offering will consist of one common share (a ‘Share’) in the capital of the Company and one full common Share purchase warrant (a ‘Warrant’) rather than a one half Warrant as originally announced. Each Warrant entitles the holder thereof to purchase one Share at an exercise price of $7.00 for 24 months from the closing date of the Offering.

All securities issued in connection with the Offering will be subject to a four-month hold period from the date of closing. Finder’s fees may be payable on some or all of the funds raised, in accordance with the policies of the TSX Venture Exchange (the ‘TSXV‘). The Company intends on using the net proceeds from the Offering to fund exploration and development activities across the Company’s projects, as well as for general working capital and corporate purposes.

Closing of the Offering is subject to regulatory approval including that of the TSXV.

The Shares 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 U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Apollo Silver Corp.

Apollo Silver is advancing one of the largest undeveloped primary silver projects in the US. The Calico project hosts a large, bulk minable silver deposit with significant barite credits – a critical mineral essential to the US energy and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy
President and CEO

For further information, please contact:

Email: info@apollosilver.com

Telephone: +1 (604) 428-6128

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 Statement Regarding ‘Forward-Looking’ Information

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expected timing for completion of the Offering; and the intended use of proceeds from the Offering. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

 West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY,OTC:WHYRF) (FSE: W0H) (the ‘Company’ or ‘West High Yield’) today released the following letter from President and Chief Executive Officer Frank Marasco Jr.

Letter from President and CEO

Dear Shareholders,

As we close out 2025, I would like to extend my sincere appreciation to all our shareholders for their continued support and confidence in the Company This year has been one of meaningful progress, disciplined execution, and growing momentum across the Company’s business.

In 2025, the Company achieved an important milestone with the award of the BC Mines Act Permit for the Record Ridge magnesium project (the ‘Project‘). This accomplishment represents years of focused technical, environmental, and regulatory work, and positions the Company to enter a transformative phase as it moves toward construction and first production at the Project in 2026.

Throughout the year, West High Yield’s team remained focused on disciplined execution, regulatory progress, environmental stewardship, and strengthening its foundation as the Company advance Record Ridge toward development. These efforts have materially de-risked the Project and advanced it into its current stage of pre-construction readiness.

At the same time, the global landscape for critical minerals has shifted decisively. Magnesium/Silica/Nickel and Iron have emerged as priority materials for governments and industries seeking to secure domestic and North American supply chains. In response, governments across Canada, the United States, and the European Union have:

• enacted policies to accelerate permitting for strategic minerals;
• introduced incentives, grants, and funding access for domestic mining and processing; and
• strengthened supply chain mandates for materials essential to national security, decarbonization, and advanced manufacturing.

These macro forces present a significant tailwind for companies like West High Yield with advanced-stage, strategically located critical mineral assets. The recognition of these critical minerals as ‘strategic’ reinforces the relevance of Record Ridge, underscores the relevance of the Project, and emphasises the opportunity ahead as the Company moves toward production.

With key regulatory, environmental, and engineering milestones completed and additional work well underway, the Company is entering its final stages of pre-construction readiness.

The Company’s 2026 roadmap includes:

• completion of final Project engineering and mine readiness planning;
• Project long-lead procurement, site preparation, and infrastructure development; and
• the launch of Project construction and a transition toward operational start-up.

Supported by strong global demand, increasing policy support, and the meaningful progress achieved this year, 2026 is poised to be a pivotal year for the Company as it transitions Record Ridge from planning to construction and development.

Looking Ahead

West High Yield enters the new year with a clear mission and a BC Mines Act permit: to build Canada’s first environmentally responsible magnesium/silica mine, and deliver long-term value to its shareholders, indigenous partners, local communities, and other stakeholders.

West High Yield thanks you for your continued commitment, confidence, and support and belief in its vision. The Company looks forward to sharing further updates as it advances toward full Project construction and operational readiness in the year ahead.

On behalf of the entire team at West High Yield, I wish you and your families a Merry Christmas and a healthy, prosperous, and successful 2026.

Sincerely,

Frank Marasco Jr.

President and CEO

About West High Yield

West High Yield is a publicly traded junior mining exploration and development company, established in 2003, and focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO₂ emissions.

The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101‘) Preliminary Economic Assessment technical report (titled ‘Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada’) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278833

Apollo Silver Corp. (‘Apollo Silver’ or the ‘Company’) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce a non-brokered private placement offering of 5,000,000 units (the ‘Units’) of the Company at a price of $5.00 per Unit, for aggregate gross proceeds of $25,000,000 (the ‘Offering’), Eric Sprott and a fund managed by Jupiter Asset Management (the ‘Jupiter Fund’), Apollo Silver’s two largest shareholders are participating in the Offering.

Mr. Sprott and the Jupiter Fund each will subscribe for 2,500,000 Units of the Company, for combined gross proceeds of $25 million. Following completion of the Offering, the Jupiter Fund will own approximately 12.1% of Apollo Silver’s issued and outstanding common shares, while Eric Sprott will own approximately 9.6%, on an undiluted basis. On a partially diluted basis, each investor’s ownership interest will increase accordingly.

Andrew Bowering, Chairman of Apollo Silver commented: ‘We appreciate the continued support of both Eric Sprott and Jupiter Asset Management, our two largest shareholders. Their participation in this financing further aligns our largest shareholders with Apollo’s long-term strategy as we advance our portfolio and execute on our exploration and development plans.’

Each Unit issued pursuant to the Offering will consist of one common share (a ‘Share‘) in the capital of the Company and one-half (1/2) common Share purchase warrant (a ‘Warrant‘). Each Warrant entitles the holder thereof to purchase one Share at an exercise price of $7.00 for 24 months from the closing date of the Offering.

All securities issued in connection with the Offering will be subject to a four-month hold period from the date of closing. Finder’s fees may be payable on some or all of the funds raised, in accordance with the policies of the TSX Venture Exchange (the ‘TSXV‘). The Company intends on using the net proceeds from the Offering to fund exploration and development activities across the Company’s projects, as well as for general working capital and corporate purposes.

Closing of the Offering is subject to regulatory approval including that of the TSXV.

The Shares 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 U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Apollo Silver Corp.

Apollo Silver is advancing one of the largest undeveloped primary silver projects in the US. The Calico project hosts a large, bulk minable silver deposit with significant barite credits – a critical mineral essential to the US energy and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy
President and CEO

For further information, please contact:

Email: info@apollosilver.com

Telephone: +1 (604) 428-6128

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 Statement Regarding ‘Forward-Looking’ Information

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expected timing for completion of the Offering; and the intended use of proceeds from the Offering. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Canada One Mining Corp. (TSXV: CONE,OTC:COMCF) (OTC Pink: COMCF) (FSE: AU31) (‘Canada One’ or the ‘Company’) is pleased to provide a review of the Company’s 2025 key accomplishments at its 100% owned Copper Dome Project, (‘Copper Dome’, ‘Project’ or ‘Property’), Princeton B.C.

2025 PROJECT HIGHLIGHTS

• A five-year exploration drilling permit was granted by the British Columbia Ministry of Mining and Critical Minerals
• Adjacent claim staking of Copper Dome East expanded the Project size to 7,997 ha
• Acquisition of Copper Dome North, an adjacent property, expanded the Project size to 12,833 ha
• Fall fieldwork program established 53 field stations with full metadata across the property
• Rock samples have been sent for assaying
• Copper sulphides, including bornite and chalcopyrite were observed in several rock samples
• Key alteration assemblages observed are indicative of proximity to porphyry centers

Peter Berdusco, President and CEO of the Company commented: ‘2025 marked a significant step forward for the Copper Dome Project. The granting of a five-year drilling permit, combined with strategic property expansion to over 12,800 hectares, gives us both the time horizon and land position needed to properly evaluate the system. The identification of copper sulphides, including bornite and chalcopyrite, together with alteration assemblages consistent with porphyry-style mineralization, reinforces our belief that the Project has strong discovery potential. We look forward to receiving rock sample assay results and advancing the Project toward drill-ready status in 2026.’

Year-end Review

The 2025 exploration program at the Copper Dome Project represented a key advancement in the systematic evaluation of the property, highlighted by the receipt of a five-year exploration drilling permit. This permit provides the Company with a defined multi-year framework to plan and execute phased drilling programs, significantly de-risking future exploration timelines.

In parallel, the Company expanded the Project footprint through strategic staking and acquisition of adjacent claims, consolidating a contiguous land package totaling 12,833 hectares. Fall fieldwork established a robust geological foundation, including 53 fully documented field stations, and identified copper sulphide mineralization and alteration assemblages indicative of proximity to porphyry-style mineralization. Rock samples collected during the program have been submitted for assaying, with results expected to further refine geological interpretations and prioritize drill targets.

Upcoming Catalysts

Q1 2026 – Rock sample assay results
January 2026 – Vancouver Resource Investment Conference
January 2026 – AME Roundup 2026
March 2026 – Professional & Developers Association of Canada (PDAC) Convention
Q2 2026 onward – Further exploration activities

About The Copper Dome Project

Copper Dome is located in the lower Quesnel Trough porphyry belt, one of British Columbia’s most prolific mining districts. The Project directly adjoins Hudbay Minerals Inc.’s (TSX: HBM) producing Copper Mountain Mine to the north which hosts Proven and Probable Reserves of 702 million tonnes grading 0.24% Cu, 0.09 g/t Au, and 0.72 g/t Ag (hudbayminerals.com). Multiple mineralized zones have been identified across the Property, with historical drilling confirming high-grade copper associated with northeast-trending structures similar to those hosting mineralization at Copper Mountain.*

The Project benefits from excellent infrastructure, enabling year-round access, cost-efficient exploration, and a stable, low-risk jurisdiction.

Historical Work Completed

• Geophysics: 51 km of induced polarization (IP); airborne magnetic and electromagnetic (EM) coverage over ~50% of the Property
• Sampling: 2,253 soils and 378 rocks collected
• Drilling: 8,900+ m of diamond drilling
• Trenching: Over 1 km excavated

With a five-year drill permit in place, the Company is focused on advancing the Project toward drill-ready target definition.

* Management cautions that past results, discoveries and mineralization on Copper Mountain are not necessarily indicative of the results that may be achieved on Copper Dome.

About Canada One

Canada One Mining Corp. is a Canadian junior exploration company focused on the discovery of copper-the critical metal powering the global energy transition. The Company advances projects from discovery through to resource definition with disciplined data-driven exploration and responsible practices. Its flagship Copper Dome Project, near Princeton, British Columbia, targets a porphyry copper-gold system in an established mining district. Canada One aims to deliver sustainable growth and long-term value for shareholders and local communities.

Acknowledgement

Canada One acknowledges that the Copper Dome Project is located within the traditional, ancestral and unceded territory of the Smelqmix People. We recognize and respect their cultural heritage and relationship to the land, honoring their past, present and future.

Qualified Person

The technical information contained in this news release has been reviewed and approved by David Mark, P.Geo., an independent Qualified Person for the purposes of National Instrument 43-101.

On behalf of the Board of Directors of

Canada One Mining Corp.

Peter Berdusco
President
Chief Executive Officer
Interim Chief Financial Officer

Forward-Looking Statements

This press release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of the Company, 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 in this press release relate to, among other things: statements relating to the anticipated timing thereof and the intended use of proceeds. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. 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 that, while considered reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing, completion and delivery of the referenced assessments and analysis. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, 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 law.

TSX Venture Exchange Disclaimer

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278824

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

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

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https://images.newsfilecorp.com/files/7335/278797_be7c233be4cc7b5b_004full.jpg 

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

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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.

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

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