Constantine Announces Palmer Project Manager/Senior Engineer For The Palmer Copper-Zinc-Silver-Gold Project, Southeast Alaska |

Constantine Metal Resources Ltd. (TSXV: CEM) ("Constantine" or the "Company") is pleased to announce the appointment of Ernst (Ernie) Siemoneit to the position of Palmer Project ManagerSenior Engineer for the Palmer copper-zinc-silver-gold project in Southeast Alaska.

Ernie is based in Fairbanks, Alaska and brings over 30 years of combined experience in management, mining engineering and operations with deep knowledge of underground mine design, engineering support, mine system reporting and continuous improvement processes. His experience includes managing technical and financial teams, contractors for mine engineering, underground development, mine construction, facilities commissioning, pre-production development and production ramp-up. Ernie was most recently the Chief Mining Engineer at the Pogo Gold Mine ("Pogo") located east-southeast of Fairbanks, Alaska with Northern Star Resources. At Pogo, he led a site projects team of four engineers supporting improvements and expansion of the Pogo Mine to a 300,000 ounce per year gold producer.

"We are very pleased to welcome Ernie Siemoneit a very talented and experienced Alaskan professional engineer to manage and lead the Palmer project to feasibility," commented Constantine President and CEO MacVeigh. "Ernie's broad depth of underground experience at a time that the Palmer project is preparing for underground exploration and feasibility will be of tremendous value to Constantine Mining LLC, a joint venture between Constantine Metal Resources Ltd. and Dowa Metals & Mining Co., Ltd."

Ernie commented, "I am grateful to be chosen by Constantine's upper management team to lead the Palmer Project in the current feasibility process. As an Alaskan, former commercial fisherman and miner, I understand the need for planning and conducting ourselves in a way that delivers best practices for work safety, community understanding, and environmental protection. Great teamwork and communication effort are required to build on past experience and make the Palmer project a success. I look forward to being a major part of this exciting and challenging process over the next several years."

Palmer is a high-grade volcanogenic massive sulphide-sulphate ("VMS") project located in a very accessible part of coastal Southeast Alaska, with road access to the Project and within 60 kilometers of the year-round deep-sea port of Haines.

In 2019, the Company reported a positive Preliminary Economic Assessment ("2019 PEA") for the Project with a post-tax NPV7% of US$266 million (see Company news release dated June 3rd, 2019). The 2019 PEA was amended, and replaced by, a technical report dated March 7, 2022, and entitled "Amended NI 43-101 Technical Report Palmer Project Alaska, USA" (the "Amended PEA") and filed on SEDAR (www.sedar.com) on March 11, 2022 (see March 11, 2022 news release). The Amended PEA outlined the potential for a low capex, low operating cost, high margin underground mining operation with attractive environmental attributes. Metal prices used were copper at $2.82/lb, zinc at $1.22/lb, silver at $16.26/oz, gold at $1,296/oz, and barite at $220/tonne.

The Amended PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that Amended PEA results will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Exploration work at Palmer has outlined 4.68 million tonnes of indicated resources grading 5.23 % zinc,1.49 % copper, 30.0 g/t silver, 0.30 g/t gold and 9.6 million tonnes of inferred resources grading 4.95 % zinc, 0.59 % copper, 69.3 g/t silver, 0.39 g/t gold1. VMS deposits are known to occur in clusters, and with at least twenty-five separate base metal and/or barite occurrences and prospects on the Project, there is abundant potential for discovery of multiple deposits.

The technical information in this news release has been reviewed and approved by Michael Vande Guchte, P.Geo., VP Exploration for Constantine Metal Resources Ltd. and a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

In 2019, Constantine successfully spun-out its gold assets into HighGold Mining Inc. that included the high-grade Johnson Tract project in south-central Alaska and the Munro-Croesus Gold property which is renowned for its high-grade mineralization in the Timmins area, Ontario.

In 2020, the 100% owned Big Nugget Gold project, located 8 kilometers east of our flagship Palmer Project, was recognized as a potential gold lode source area, immediately upstream from the historic Porcupine Gold Placer operations and is an attractive drill target opportunity.

In 2021, Constantine announced the acquisition of the Bouse Cu-Au Property in southwest Arizona and the Hornet Creek Cu-Au property in west-central Idaho, and earlier this year announced the acquisition of the Yuma King Cu-Au property in southeast Arizona.

Please visit the Company's website (www.constantinemetals.com) for more detailed company and project information.

On Behalf of Constantine Metal Resources Ltd.

For further information please contact: Garfield MacVeigh, President or Michael Vande Guchte, VP Exploration Phone: 604-629-2348. Email: info@constantinemetals.com

1 For details of the mineral resource estimate for the Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the mineral resource, please refer to the technical report entitled "NI 43-101 Technical Report and Updated Resource Estimate to include the AG Zone for the Palmer Exploration Project" dated effective December 18, 2018 (the "Palmer Technical Report"). The Palmer Technical Report is available on the Company's issuer profile on SEDAR at www.sedar.com.Mineral resources as reported are undiluted. Mineral resource tonnages have been rounded to reflect the precision of the estimate. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability.

Forward looking statements: This news release includes certain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively "forward looking statements")." Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", 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. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the appointment of Ernst Siemoneit, future underground exploration preparation and feasibility of the Palmer Project.. 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 are based on a number of factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include availability of contractors, actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

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.

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Constantine Metal Resources Ltd. (TSXV:CEM) ("Constantine") is a Canadian resource company actively advancing the Palmer copper-zinc-silver-gold-barite project, located near Haines, Alaska with its joint venture partner Dowa Metals & Mining Co. Ltd. (“Dowa"), where Constantine is the project operator. The Dowa and Constantine partnership was initiated in 2013 and in 2019 advanced the project to a positive Preliminary Economic Assessment (PEA). The PEA presents a low capex, low operating cost, high margin underground mining operation with attractive environmental attributes. The Joint Venture partnership is focused on advancing the Palmer project to feasibility, while continuing exploration to locate additional resources in this world class mining district.

The Palmer property is located in southeast Alaska within a premiere mineral belt that is home to Greens Creek (Hecla Mining), a producing, very high grade, Ag-Zn-Au-Pb mine, the Kensington Gold Mine (Coeur Mining), and the giant world-class Windy Craggy Cu-Zn-Au-Ag deposit. Palmer, Greens Creek and Windy Craggy are volcanogenic massive sulphide (VMS) deposits that all occur in rocks of the same age.

* Mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company’s property and there is no certainty of the same or similar deposits on the Company’s property.

The Palmer property is host to two NI 43-101 compliant resources, the Palmer Deposit and AG Deposit, with a total consolidated mineral resource of 4.68 million tonnes of 10.2% zinc equivalent in the indicated category and 9.59 million tonnes of 8.9% zinc equivalent in the inferred category.

The Palmer project and exploration camp facilities are located approximately 14 km by good gravel road from the Haines Highway, and provide excellent access to a local workforce, local services, established power and a deep seaport in Haines AK (~60 km by road).

*The PEA report is preliminary in nature and includes inferred mineral resources that are too speculative geologically to have economic considerations applied to enable them to be categorized as mineral reserves. There is no certainty that PEA results will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

The rise in the price of zinc, which has increased significantly since the start of 2021, can be largely attributed to a returned demand for steel production that uses zinc as an anti-corrosion coating for galvanized steel. As countries around the world continue to develop and invest in infrastructure, the demand for steel and therefore zinc may continue to rise. Zinc is also being evaluated as an important component in large scale energy storage batteries. Other less commonly known zinc applications include use in beauty and skin creams, sun blocks, diaper rash creams, and as an additive to fertilizers in areas of zinc deficient soils, particularly in Africa where zinc deficiencies are linked to serious health problems. Another interesting zinc use is made by fishermen and boat owners, who are known to secure zinc bars to a boat's hull to prevent corrosion of the boat's propellor by salt water.

Copper is key to achieving decarbonization goals and also in developing the green economy. In current global efforts to decarbonize the planet, copper availability can be a limiting factor; for the goal of decarbonizing tomorrow's world copper is likely to continue to play an important role.

Copper has unique properties that make it critical for new green technologies, and is a key enabler to global decarbonization efforts:

Recycling efficiency is a huge part of supplying the ongoing demand for copper and Dowa, Constantine’s joint venture partner, is a world leader in metal recycling with proven integrated smelter capability.

An important part of Constantine’s Palmer project story is its potential to produce high grade, underground, copper and zinc concentrate with exceptionally low greenhouse gas emissions. The Palmer project has environmentally low impact advantages as it is located where road access already exists and in proximity to a deep seaport that could offer convenient and efficient transport of goods.

Constantine is working aggressively to answer the current and future demand for base metals and has an active roadmap, with its partner Dowa, to move the Palmer Joint Venture project forward to production. In addition, the Company holds 100% interest in the Big Nugget gold project located “next door" to the Palmer project and has leased, with an option to purchase, the Bouse copper-gold project in southwest Arizona.

The Company's flagship Palmer copper-zinc-silver-gold-barite project, located near Haines, Alaska is being advanced through a Joint Venture partnership between Constantine (46.8%) and Dowa Metals & Mining Co. Ltd. (53.2%), with Constantine as operator. The project is road-accessible and hosts two NI 43-101 compliant resources, the Palmer Deposit and AG Zone Deposit, with a total consolidated mineral resource of 4.68 million tonnes of 10.2% zinc equivalent (3.92% CuEq) in the indicated category and 9.59 million tonnes of 8.9% zinc equivalent (3.40% CuEq) in the inferred category.

The Palmer deposits are hosted in the same Triassic metallogenic belt as the high-grade Greens Creek silver-zinc-gold-lead mine and the giant 298 Mt Windy Craggy copper-zinc deposit, both widely recognized to be world class volcanogenic massive sulphide (VMS) systems*.

As a deposit class, VMS deposits are attractive for being polymetallic (multi-metal) and having high dollar value per tonne. The Palmer project has its own unique VMS base metal mineralization that is intimately associated with barite and with minor felsic exhalative horizons in a thick sequence of basalt flows with interbeds of sediments, andesite flows and tuffs, and rhyolite fragmental and massive flows. Palmer is already well above the average VMS deposit size and has all the characteristics of a VMS camp.

In addition to the defined Palmer and AG deposits, numerous drill-ready high-grade prospects have been defined over 15 kilometers of favorable mineral trends on the Palmer project, all hallmarks of a significant massive sulphide system and presenting opportunity for the discovery of multiple deposits.

*Mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company’s property and there is no certainty of the same or similar deposits on the Company’s property.

The Big Nugget is an early-stage, 100% owned gold exploration project located approximately 8 kilometers east of the Palmer project in the Porcupine-McKinley Creek area. The Porcupine Creek area is reported as one of the most important placer districts in southeast Alaska with over 80,000 ounces of historic placer gold production between 1898 and 1936. Small placer operations are still active in the area today, including placer mining on McKinley Creek.

In 2020, Constantine identified a potential gold lode source area upstream from the historic Porcupine gold placer mining operations located on Porcupine Creek. Two key gold prospects, Golden Eagle and McKinley Creek Falls, are located upstream from the Porcupine Creek gold placer operations along McKinley Creek (a tributary to Porcupine Creek). Historical government sampling in the mid-1980's returned high grade gold samples at the Golden Eagle – Vug vein prospect with samples ranging from nil to 531.1 g/t gold. Rock sampling downstream of the Vug vein returned similar gold values ranging from nil to 182.13 g/t gold.

*Historical sample results have not been verified or validated by the Company and not necessarily representative of mineralization on the Company’s properties

There has been no modern, systematic exploration of the gold prospects and the upstream source of the Porcupine placer gold deposits remain untested. In 2020, rock and soil sampling by Constantine confirmed the high-grade gold mineralization with rock samples up to 57 g/t at Golden Eagle and a broad, 250 to 300 meter wide >50ppb gold-in-soil anomaly at the McKinley Creek Falls prospect with results ranging up to 970 ppb gold. As a new early-stage project, this creates an outstanding opportunity for Constantine to be the first company to thoroughly explore the area.

The Bouse Project is located within a newly recognized geological environment in southwest Arizona, USA about 12 miles east-northeast of the Copperstone Mine with 500,000 ounce gold in past production. The property represents an exceptional, early stage, copper-gold exploration opportunity with evidence of widespread copper-gold oxide mineralization in surface rocks that has received limited modern exploration with drill ready targets. The previously unrecognized potential of the lower plate rocks that have a Mesquite deposit type pedigree have not been drill tested to our knowledge and are the initial high priority target for Constantine.

Wayne Livingstone has been active in professional exploration and development Geology for 40 years. He led the exploration and was involved in development of a 1 million ounce heap leach gold deposit in Nevada, and led the work on the grassroots discovery of a 2.6 million ounce gold deposit in Peru. Mr. Livingstone, a founding director of Constantine, is also a director of various other companies.

Garfield MacVeigh received his B.Sc. (Hons) First Class in geology from Queen's University at Kingston in 1972 and has 45 years' experience in gold and base metal exploration in Canada, U.S.A. and Central America. He participated in the discovery of the Hoyle Pond gold mine by Texasgulf in Timmins, Ontario (now operated by Goldcorp) and contributed to the exploration and discovery of the HW deposit and several new zones at Westmin Resources' Buttle Lake massive sulphide mine on Vancouver Island, British Columbia (now owned by Nyrstar).

MacVeigh was a founding member, past President & CEO and Chairman of the Board of Rubicon Minerals Corporation from 1996 to 2006. Prior to 1995, MacVeigh spent 12 years with Texas Gulf and Falconbridge (now Glencore), 7 years with Westmin Resources and 5 years with Lac Minerals (now Barrick). MacVeigh has been President and CEO of Constantine Metal Resources Ltd. since its formation in 2006.

Aris Morfopoulos is an executive and accountant with over 30 years' corporate management experience. He has worked as a CFO, as senior management and as a director of several junior resource companies based in British Columbia since 1994. He has significant experience in the areas of international corporate structuring and business. In addition to his work for public junior resource companies, he also provides corporate and M&A advisory services in other industry sectors including high tech and medical industries. He has been the CFO of Constantine since its inception in 2006.

Michael Vande Guchte has over 20 years of experience in the exploration and management of gold and base metal exploration projects throughout North and South America. He has been involved with major and junior resource companies exploring for gold and base metals with a focus on volcanogenic massive sulphide (VMS), orogenic gold, and magmatic Ni-Cu sulphide type deposits. In 2007, Michael was involved in the discovery and advancement of the Lemarchant VMS deposit in central Newfoundland as President & CEO of Paragon Minerals Corporation (acquired by Canadian Zinc Corporation in 2012) and as VP Exploration for Canadian Zinc (now NorZinc) from 2012 to 2019. Mr. Vande Guchte has a Bachelor of Science in Geology from the University of Alberta and is a registered Professional Geoscientist with EGBC and PEGNL.

Ernie Siemoneit is based in Fairbanks, Alaska and brings over 30 years of combined experience in management, mining engineering and operations with deep knowledge of underground mine design, engineering support, mine system reporting and continuous improvement processes. His experience includes managing technical and financial teams, contractors for mine engineering, underground development, mine construction, facilities commissioning, pre-production development and production ramp-up. Ernie was most recently the Chief Mining Engineer at the Pogo Gold Mine ("Pogo") located east-southeast of Fairbanks, Alaska with Northern Star Resources. At Pogo, he led a site projects team of four engineers supporting improvements and expansion of the Pogo Mine to a 300,000 ounce per year gold producer.

Constantine Metal Resources Ltd. (TSXV: CEM) ("Constantine" or the "Company") is pleased to announce plans for the Palmer Project located in Southeast Alaska ("Palmer" or "Project"). A budget of US $17.98 million for the 2022 work program (the "2022 Program") has been approved by Constantine Mining LLC ("Constantine Mining"), which includes plans for a surface exploration drilling program, continuing baseline environmental work and preparation for the development of an underground incline (ramp) for future exploration and definition drilling.

The multi-purpose 2022 Program focuses on construction preparations for the initiation of an underground exploration program, expected to start in mid 2023. The major items in the program include:

1) Completing the construction of the final one kilometer of the underground portal access road.

2) Construction of facilities for an updated Wastewater Design Discharge System upon regulatory approval of new design documents and related supporting documents from ongoing hydrological studies of the area.

3) Construction of a 50-60 person camp to support the underground exploration activity planned for 2023.

4) A surface exploration drilling program planned to test for: i) the offset of the large South Wall deposit; and ii) exploration targets that include Terminus and Jasper Mountain that can be tested from surface and are readily accessible from the planned underground exploration development.

Garfield MacVeigh, President and CEO of Constantine states, "This is the single largest Palmer program and budget, and it will set the stage to initiate underground exploration to provide essential technical information to be included in a future feasibility study. It is our intention that the conceptual aspects of the current preliminary economic assessment, with its guidelines for further work, will be replaced with much more detailed on-site and off-sight studies and cost estimates in a feasibility study."

The Company's joint venture partner, Dowa Metals & Mining Alaska Ltd., has committed to fund the entire 2022 Program. Constantine has elected to not contribute to the funding of the 2022 Program at this time, but has the option to pay its share of 2022 Program expenses, in whole or part, prior to December 31, 2022 to minimize or eliminate project dilution. Dilution is pro-rated according to each party's relative contributions to Project expenditures and will be determined upon completion of the 2022 Program. Constantine is the operator of the Project and will manage the 2022 Program.

Please visit the Company's website (www.constantinemetals.com) for more detailed company and project information.

On Behalf of Constantine Metal Resources Ltd.

For further information please contact: Garfield MacVeigh, President or Michael Vande Guchte, VP Exploration Phone: 604-629-2348. Email: info@constantinemetals.com

Forward looking statements: This news release includes certain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively "forward looking statements")." Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", 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. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the scope of the 2022 Program; Dowa Metals & Mining Alaska Ltd. funding the entire 2022 Program and the resulting dilution of Constantine's interest in Constantine Mining; the completion of the 2022 Program; the continuation of Constantine as Operator of the Project to oversee the 2022 Program; the anticipated results of the 2022 Program, and the preparation of a feasibility study for the Project. 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 are based on a number of factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include availability of contractors, actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

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Constantine Metal Resources Ltd. (TSXV: CEM) ("Constantine" or the "Company") announces the filing of an amended technical report titled Amended NI 43-101 Technical Report Palmer Project Alaska, USA ("the Amended Technical Report") dated March 7, 2022 on SEDAR at www.sedar.com.

The Amended Technical Report has been filed as a result of a Technical Disclosure Review by the British Columbia Securities Commission (the "BCSC"). Pursuant to the review, the Company reorganized and added additional information to the original report with additional Qualified Persons (QP) disclosure to ensure compliance with National Instrument ("NI") 43-101. The Amended Technical Report does not change the accompanying mineral resource estimates, economic analysis, conclusions, and recommendations provided in the original report dated July 18, 2019, for the Palmer Project.

The Amended Technical Report dated March 7, 2022, supersedes and replaces the previous report entitled NI 43-101 Technical Report Palmer Project Alaska, USA (effective date of June 3, 2019). The effective date of the Amended Technical Report remains the same as the original report.

The technical information in this news release has been reviewed and approved by Michael J. Vande Guchte, P.Geo., VP Exploration for Constantine Metal Resources Ltd. and a "qualified person" as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, of the Canadian Securities Administrators.

Constantine is a mineral exploration company led by an experienced and proven technical team with a focus on the Palmer copper-zinc-silver-gold-barite project being advanced as a joint venture between Constantine (44.91%) and Dowa Metals & Mining Co., Ltd. (55.09%), with Constantine as operator. A positive preliminary economic assessment was completed on the Palmer project in 2019(news release June 3, 2019).

In 2020, the 100% owned Big Nugget Gold project, located 8 kilometers east of our flagship Palmer Joint Venture Project, was recognized as a potential gold lode source area, immediately upstream from the historic Porcupine Gold Placer operations and is as an attractive drill target opportunity. In 2021, Constantine announced the acquisition of the Bouse Cu-Au Property in southwest Arizona and the Hornet Creek Cu-Au property in west-central Idaho, and earlier this year announced the acquisition of the Yuma King Cu-Au property in southeast Arizona.

On Behalf of Constantine Metal Resources Ltd.

For further information please contact: Garfield MacVeigh, President or Michael Vande Guchte, VP Exploration Phone: 604-629-2348. Email: info@constantinemetals.com

Forward-Looking statements: This news release includes certain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively "forward-looking statements"). Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", 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. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the mineral resource estimate, potential mineralization and geological merits of the Palmer Project and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. 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 are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future barite and metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

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Constantine Metal Resources Ltd. (TSXV: CEM) ("Constantine" or the "Company") is pleased to announce that it has signed a binding letter agreement (the "Agreement") to acquire an undivided 100% interest in the Yuma King Copper-Gold property (the "Property") consisting of 295 federal mining claims (3905 hectares). The Property represents a portion of the total 495 claim Yuma King property, located in La Paz County Arizona, USA. Constantine retains the right to a 50% interest in any agreement on the remaining 200 claim portion of the Yuma King property subject to certain obligations.

The Property is located 93 miles (153 kilometers) northwest of Phoenix, Arizona and about 20 miles (32 kilometers) southeast of Constantine's previously announced Bouse Cu-Au property acquisition. The principal exploration targets are the Yuma Mine copper-gold skarn mineralization and copper-molybdenum porphyry style mineralization, associated with phases of an early Jurassic porphyry system. An early Jurassic rhenium-osmium molybdenite age date at Yuma King indicates a similar age to the Bisbee porphyry copper and skarn deposit in SE Arizona (S. Keith, MagmaChem Exploration Inc, personal communication).

"The most striking feature of this Property are the abundant widespread prospects centered around the historical Yuma mine and its high-grade copper-gold skarn mineralization" stated Garfield MacVeigh, President and CEO of Constantine. "The underground Yuma mine is open for expansion with widespread untested skarn targets highlighting the potential. Past drilling has shown an association with a large untested copper-moly porphyry system hosted by a carbonate rich section of Paleozoic stratigraphy which will be evaluated. The greater Yuma King property hosts a variety of additional targets that include small scale past producing black shale/mafic-dyke hosted high-grade gold, various other gold prospects, intrusive hosted past producing tungsten deposits and graphite-graphene bearing black shales."

The Property includes the past producing underground Yuma copper-gold mine that saw intermittent production between 1940 and 1963 and is reported to have produced 8,728 short tons at a grade of 2.65% copper, 0.03 oz/t (short ton) gold and 0.62 oz/t silver. A 2005 NI43-101 technical report (Russell, 2005) estimated an inferred resource of 357,560 to 536,985 short tons of combined oxide-sulphide grading 3.03% copper, depending upon estimated average thickness of the unmined mineralization in the underground workings of the historic Yuma mine. The Company is not treating this historical resource estimate as a current resource.

More recent exploration at Yuma King has resulted in the discovery of a significant northern extension of the Yuma mine skarn mineralization and new copper-molybdenum style porphyry mineralization that are prime exploration targets that need to be followed up with geophysics and drilling.

In 2006, the first surface drill program to test the Yuma Mine skarn mineralization encountered significant oxidized copper-gold skarn mineralization and established the first indication of Cu-Mo porphyry potential (Table 1). The drilling was completed from 5 drill sites over a distance of approximately 2,500 feet to the east of the historic mine portal. A 2011 drill hole, AV11-01, intersected the edge of the down dip extension of the Yuma mine skarn, 1,200 feet northeast of the historic mine workings.

Table 1: Select historical drill results from 2006 and 2011 drill programs. To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/5413/113729_microsoftteams-image.jpg

The information and sample data from previous operators are historical in nature and derived from various private company reports and historic government reports available in the public domain. These historical sample results have not been verified or validated by the Company and are not necessarily representative of mineralization on the property.

Yuma King Geology and Exploration Overview

The Yuma King property is in a region of complex structural geology involving episodes of thrust deformation and mid-Tertiary, low-angle, detachment-style faulting with multiple mineralized environments and igneous intrusions ranging in age from Proterozoic(?) and Jurassic through Cretaceous. The extensive Yuma Mine skarn replacement horizon hosted by Paleozoic carbonates, in addition to porphyry style Cu-Mo mineralization occur within the Yuma Mine thrust plate in association with Early Jurassic aged intrusions in the northern portion of the Yuma King property.

From 2003, surface exploration work completed by MagmaChem Exploration, Inc. includes geological mapping, extensive surface rock chip sampling, underground sampling at the Yuma King mine and a limited magnetic geophysical survey. In 2005, Big Bar Gold completed a historical NI 43-101 resource estimate of the Yuma King mine with historical underground mine sampling information (Russell, 2005).

In 2006, Big Bar Gold conducted the first ever surface drill program (19 drill holes, 10,785 ft) at the Yuma mine site from five (5) drill sites with several angled drill holes from each site. The program tested the Yuma Mine copper-gold-magnetite skarn in the immediate area of the historic Yuma mine site from drill site YK01 with all 4 drillholes encountering significant oxide copper-gold skarn mineralization (see Table 1).

Drilling at drill sites YK02, YK03, YK04 and YK06 also encountered copper oxide and sulphide skarn and copper-molybdenum-gold porphyry mineralization extending over a distance of approximately 2500 feet to the east of the Yuma mine portal (see Table 1). Sixteen of the nineteen drillholes reported intercepts of copper mineralization greater than 0.1%.

In 2011, VANE Minerals completed drillhole AV11-01, designed to test for the down dip extension to the Yuma Mine copper-gold skarn mineralization in an area of a strong magnetic anomaly. The drillhole intersected 90 feet of copper bearing skarn mineralization (see Table 1) that assayed 0.31% copper, 0.03% molybdenum, 101 ppb gold and 288 ppb rhenium and is interpreted to have encountered a down dip edge of the high-grade Yuma Mine skarn corridor. The mineralization was intersected approximately 1200 feet to the northeast of the projected trend and plunge of the Yuma Mine mineralization and with molybdenum porphyry mineralization highlight the main porphyry potential to the north.

The 2006 and 2011 drilling programs show Yuma mine mineralization extending 1,200 feet (365 meters) north and approximately 2,500 feet (762 meters) east of the Yuma mine portal.

Yuma Mine Skarn Extensions (West Central Skarn, Parking Lot Skarn, North Gold Prospect)

Extensions of the Yuma mine skarn horizon occur as two separate magnetite skarn areas approximately 1.2 kilometers west-southwest of the Yuma Mine. Five historic rock grab samples from the West-Central Skarn area contained 0.034 to 1.44 ppm gold and 0.015% to 1.34% copper. Six rock grab samples collected by Constantine from the Parking Lot Skarn ranged from 0.017 to 1.125 ppm gold with copper ranging from 0.05% to 2.22%.

The North Gold prospect, 900 feet (275m) southwest of the West- Central Skarn is hosted in highly altered and mineralized porphyry with four historic rock grab samples containing 0.34 ppm to 9.98 ppm gold.

Quartzite Gold Prospects (East Gold, Gold Tunnel, High Graders Tunnel, Horse Trail Pits)

Quartz-gold-iron oxide mineralization is present as disseminations and high-grade low-angle vein zones within shears in a Cambrian quartzite unit (Bolsa Quartzite) that has been thrust over the Devonian-Mississippian carbonate section that hosts the copper-bearing magnetite skarns. Historic rock samples from the four prospect areas highlight a consistent association of gold mineralization with the basal portion of the quartzite. The four prospects all occur within a triangular area measuring 362m x 200m x 225m with historic grab sample results shown below.

Note: 0.1 oz/t = 3.42857 g/t; 1g/t = 1ppm

Constantine collected two rock grab samples from the base of the quartzite at the Gold Tunnel prospect near drill site YK02 that assayed 1.525 ppm and 1.7 ppm gold.

Yellowbird Black Shale-Mafic Dyke Gold Prospects

There are numerous complex quartz-carbonate veined zones associated with highly deformed black slates intruded by mafic dykes in the southern part of the Yuma King Property that are recognized by numerous pits and tunnels with dump piles of quartz-carbonate veining. The Glory Hole Mine discovered in 1909 is famous for producing very high-grade gold in this geological setting and has spectacular surface expressions of quartz-siderite veins and vein breccia "blow-outs". The intensive veining at the Glory Hole appears to be hosted mainly by an east-west trending mafic dyke intruding the Yellowbird black slates. Extensive old workings exist at the Glory Hole, but there is no evidence of previous drilling activity.

Multiple stacked quartz-carbonate veins hosted in quartz-carbonate-muscovite (sericite) schist have been accessed by pits and short tunnels. Four historic rock grab samples assayed 0.003 oz/t gold to 0.174 oz/t gold.

Tungsten prospects include shear-zone hosted tungsten, such as at the historic Three Musketeers and Jewel Anne mines, and greisen tungsten mineralization associated with a Late Cretaceous-Early Tertiary muscovite granite stock. Tungsten occurs as high grade scheelite in quartz veins, veinlets, and greisen stockworks in these historic mines in the northwest part of the Yuma King property.

Historic channel sampling of the tungsten prospects are reported in a 2011 NI43-101 Report prepared for Rare Green Inc. by SRK Consulting US Inc. (Rasmussen, J.C and Hoag, C., 2011) and indicate elevated to high grade tungsten in 1 metre thick quartz veins along with elevated gold, silver, copper, molybdenum, zinc, and bismuth. Significant assays at the Three Musketeers prospect include 1.85% tungsten over 5 feet from a surface channel sample and 15.2% tungsten over 0.67 feet from an underground channel sample.

In 2011, VANE Minerals completed drillhole AZ11-02 to test a strong EM geophysical target and encountered a thick graphite bearing stratigraphic zone. Initial sampling for geochemistry and Raman spectrometry work completed on the graphite bearing interval in early 2015 confirmed the presence of graphite and established a significant graphene component was present, and in many cases the dominant component relative to graphite.

In 2016, the graphene discovery was followed up by Cash Capital with an approximately 4,000 foot drill program in 4 core drill holes to test the extent of the graphite-graphene bearing slates. Drilling, geophysics, additional lab geochemical assays, mineralogic studies, and reconnaissance field sampling have helped establish the extent of the known graphite-graphene bearing shales.

Readers are cautioned that the information in this press release regarding the Yuma copper-gold mine and/or nearby and/or geologically similar properties is not necessarily indicative of the mineralization on the Company's property.

The information and sample data from previous operators and prospectors are historical in nature and derived from various private company reports and historic government reports available in the public domain. These historical sample results have not been verified or validated by the company and are not necessarily representative of mineralization on the property.

Rock grab samples, collected by the Company, were placed in plastic sample bags in the field and securely delivered to ALS Global in Reno, Nevada, USA, an accredited mineral analysis laboratory. All samples were analyzed for gold using a standard 30g fire assay technique and 33-element ICP analysis. Samples returning over 10 g/t gold were analyzed using fire assay-gravimetric method. Samples returning over 10,000 ppm Cu were re-analyzed for high grade copper using 4-acid ICP AES.

Yuma King Copper-Gold Purchase and Option Agreement Terms

Constantine has a Purchase and Option right to acquire a 100% interest in two hundred and ninety-five (295) Federal Lode Claims, the Property, located in La Paz County, Arizona to be selected by Constantine from the four hundred and ninety-five (495) Federal Lode Claims located in La Paz County, Arizona the "Yuma King Property". The Purchase and Option right applies to the 152 claims currently selected by Constantine and includes the right of Constantine to select an additional 143 claims from the gold potential area of the graphite-graphene part of the Yuma King Property such that the total number of claims comprising the Property is 295. The additional 143 claims will be selected at a future date and by mutual agreement with the Lessor. Once Constantine has completed its final selection of the 295 claims comprising the Property, the remaining 200 claim portion of the Yuma King Property is the "Graphite Property".

Constantine has five (5) years to evaluate and, if considered warranted, purchase the Property. The Agreement provides that Constantine has the optional right to purchase a 100% interest in the Property at any time while the Agreement is in effect for an aggregate price of US$3,000,000, less any prior paid optional cash payments. Alternatively, Constantine may pay US $2,850,000 and issue up to 1,250,000 shares in stages over the 5-year term. The Purchase Price may be accelerated at the Company's discretion. Constantine has the right to pay all or a portion of the share payments by paying cash in lieu, which would contribute to the Purchase Price. The Agreement contains no royalty payments or work commitments. There is a 1% net smelter return royalty on 6 claims that include the Yuma Mine payable to the prior Yuma Mine owner.

Constantine has agreed to maintain the Graphite Property federal claims and together with the Owner market the Graphite Property in return for a 50% interest in any agreement regarding the Graphite Property with a third party. Constantine will have the right to explore the Graphite Property, until such time that a third-party agreement is negotiated and completed. Constantine will also have the right of first refusal ("ROFR") on any portions of the Graphite Property that are identified with gold and base metal potential. Constantine in return will give the third party that acquires the Graphite Property a ROFR on areas that are identified with high potential for graphite-graphene on the Property.

The Agreement, including the issuance of shares of Constantine is subject to regulatory approval required by any provincial, state or federal ‎regulatory bodies ‎having jurisdiction over such share issuances‎, including acceptance of the TSX Venture Exchange.

In 2020, the 100% owned Big Nugget Gold project, located 8 kilometers east of our flagship Palmer Joint Venture Project, was recognized as a potential gold lode source area, immediately upstream from the +80,000 ounce Porcupine Gold Placer operations and is as an attractive drill target opportunity. In 2021, Constantine announced the acquisition of the Bouse Cu-Au Property in southwest Arizona, and the Hornet Creek copper-gold property in west-central Idaho.

On Behalf of Constantine Metal Resources Ltd.

For further information please contact: Garfield MacVeigh, President or Michael Vande Guchte, VP Exploration Phone: 604-629-2348. Email: info@constantinemetals.com

Rasmussen, J.C and Hoag, C. (2011): NI43-101 Technical Exploration Report Yuma King Project, Arizona, SRK Consulting, report date October 1, 2011.

Russell, R. (2005):Technical Report for the Yuma King Property in the Ellsworth Mining District, La Paz County, Arizona, USA.

Stanley Keith 2007: PowerPoint Presentation. Future at Yuma King.

Stanley Keith, Mark Payne, Merrill Palmer, Al Edwards, Tillman Viefhaus, Voler Speith, 2019: Confidential Powerpoint Presentation. A prospective Giant Graphene Deposit at Yellowbird, West-Central Arizona.

Forward looking statements: This news release includes certain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively "forward looking statements")." Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", 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. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the acquisition of the Yuma King Property (the "Property") and exploration plans regarding the Property are forward-looking statements. 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 are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/113729

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Constantine Metal Resources Ltd. (TSXV: CEM) (OTCQX: CNSNF) ("Constantine" or the "Company") is pleased to announce it has been named to the 2022 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year, achieving second place in the prestigious rankings from a list of over 500 companies.

The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2022 OTCQX Best 50 were ranked based on their performance in 2021.

"Constantine moved to the OTCQX Best Market from the OTCQB Venture Market two years ago, when we decided to put additional emphasis on bringing more US investors into our shareholder base," commented Constantine President & CEO Garfield MacVeigh. "We believe that this move helped facilitate our continued growth and increasing value."

The OTCQX Best Market offers transparent and efficient trading of established, investor-focused U.S. and global companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

For the complete 2022 OTCQX Best 50 ranking, visit:

https://www.otcmarkets.com/files/2022_OTCQX_Best_50.pdf

Constantine is a Canadian based mineral exploration company led by an experienced and proven technical team with a focus on the Palmer base metal project in southeast Alaska. The Palmer project is being advanced as a joint venture between Constantine (~44.9%) and Dowa Metals & Mining Co., Ltd. (~55.1%), with Constantine as project operator. The Dowa-Constantine partnership was initiated in 2013 and completed a positive Preliminary Economic Assessment (PEA) in 2019. The Palmer Joint Venture partnership is focused on advancing the Palmer project to feasibility while continuing exploration to build additional resources.

In 2019, Constantine successfully spun-out its gold assets into HighGold Mining Inc. that included the high-grade Johnson Tract gold project in south-central Alaska, the Munro-Croesus Gold property renowned for its high-grade mineralization and other gold properties in the Timmins area, Ontario.

In 2020, Constantine's 100% owned Big Nugget Gold project, located 8 kilometers east of the Palmer Project, was recognized as a potential gold lode source area, immediately upstream from the +80,000 ounce gold Porcupine Placer operations. In 2021, Constantine announced the acquisition of the Bouse Cu-Au Property in southwest Arizona, and the Hornet Creek copper-gold property in west-central Idaho.

Management is committed to providing shareholder value through discovery, meaningful community engagement, environmental stewardship, and responsible mineral exploration and development activities that support local jobs and businesses. Please visit the Company's website (www.constantinemetals.com) for more detailed company and project information.

On Behalf of Constantine Metal Resources Ltd.

"Garfield MacVeigh" President

For further information please contact: Garfield MacVeigh, President or Michael Vande Guchte, VP Exploration Phone: 604-629-2348. Email: info@constantinemetals.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111634

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Constantine Metal Resources Ltd. (TSXV: CEM) (OTCQX: CNSNF) ("Constantine" or the "Company") announces that it has entered into an advertising and investor awareness campaign with Dig Media Inc. dba Investing News Network ("INN").

INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007. During the 12 month term of the agreement, which expires at the end of August 2022, INN will provide advertising to increase awareness of the Company. Under the terms of the agreement with INN, the Company has agreed to pay INN $36,000 for the campaign, payable in cash in four quarterly installments of $9,000 each. The agreement is subject to TSXV acceptance. INN is at arms-length from the Company and has confirmed that it does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.

Shares Issued for Financial Advisory Services

The Company announces that it has issued 565,000 common shares of the Company to Agentis Capital Mining Partners, pursuant to a September 15, 2021 financial services agreement for certain services provided to the Company, which was announced in the Company's news release dated October 21, 2021.

Constantine is a Canadian based mineral exploration company led by an experienced and proven technical team with a focus on the Palmer base metal project in southeast Alaska. The Palmer project is being advanced as a joint venture between Constantine (~45.6%) and Dowa Metals & Mining Co., Ltd. (~54.5%), with Constantine as project operator. The Dowa-Constantine partnership was initiated in 2013 and completed a positive Preliminary Economic Assessment (PEA) in 2019. The Palmer Joint Venture partnership is focused on advancing the Palmer project to feasibility while continuing exploration to build additional resources in this world class mining district.

On Behalf of Constantine Metal Resources Ltd.

"Garfield MacVeigh" President

For further information please contact: Garfield MacVeigh, President or Michael Vande Guchte, VP Exploration Phone: 604-629-2348. Email: info@constantinemetals.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105732

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Emerita Resources Corp. (TSX V: EMO; OTC: EMOTF) (the "Company" or "Emerita") has retained Integral Wealth Securities Limited ("Integral") to provide market-making services in accordance with TSX Venture Exchange policies. Integral will trade shares of the Company on the TSX Venture to maintain an orderly market, improve the liquidity of the Company's shares and provide the Company with market intelligence.

Under the terms of the agreement, Integral will receive a $6,000/month cash fee for a minimum period of three (3) months. After the three (3) months, the agreement may be terminated by the Company at any time upon 30 days' written notice. The Company and Integral are unrelated entities. Integral has no present, direct or indirect interest in the Company or its securities. There are no performance factors in the agreement, and Integral will not receive shares or options as compensation. Integral is a member of the Investment Industry Regulatory Organization of Canada ("IIROC"). Accordingly, Integral can access all Canadian Stock Exchanges and Alternative Trading Systems.

Integral Wealth Securities is a full-service securities dealer engaged in wealth management, market making, and investment banking with offices in Toronto, Ottawa, Calgary, Vancouver, Kitchener-Waterloo, Burlington, Sidney and Nanaimo.

Emerita is a natural resource company engaged in the acquisition, exploration and development of mineral properties in Europe, with a primary focus on exploring in Spain. The Company's corporate office and technical team are based in Sevilla, Spain with an administrative office in Toronto, Canada.

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, Integral's performance, the trading of the Company's shares and the Company's future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", 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". Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Emerita, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Emerita 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 such information will prove to be accurate, as 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. Emerita does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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Li mineralization (spodumene) drilled to a vertical depth of 70 m at the Discovery Dyke; spodumene-bearing dykes, up to 22-m wide, located 600 m to the East of the Discovery Dyke

Benton Resources Inc. (TSXV: BEX) ("Benton") and Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman") together, (the "Alliance") are pleased to report the final assay results from the 1,025-m reconnaissance drilling program carried out this past winter and report on recent trenching from the Kraken Pegmatite Field on the Golden Hope Joint Venture Property in southwest Newfoundland.

Benton's President and CEO Stephen Stares, states: "We are pleased to now have our camp, drill, and equipment on-site and operational. The stripping on the East dyke has shown excellent spodumene mineralization and has exposed geological contacts to help understand the orientation and behavior of the dykes in this area. With several prospective targets to test, we are excited to get our Phase 2 program underway on the East dyke in the coming days."

Sokoman's President and CEO Tim Froude, comments: "We have learned a great deal from the recon drill program about the Discovery Dyke area and we will use that information, coupled with ongoing trenching data, to plan the Phase 2 program which will start imminently. We have already exposed a significant spodumene-bearing dyke in the eastern portion of the Kraken swarm that last year's sampling returned an assay of 1.93% Li2O and this is where Phase 2 drilling will begin. We wish to emphasize that we have just scratched the surface with the exploration to date and that we have extensive work ahead of us to establish the limits of the dyke swarm."

The winter drilling program and current trenching program have located a significant swarm of lithium-rich pegmatite dykes flanking the regional Bay d'Est Fault. Important structural information was obtained in the drilling showing the dykes, at least in the Discovery Dyke area, are relatively flat-lying, as opposed to vertical to subvertical, the original concept for the reconnaissance drill program. As a result, three of five holes (GH-22-02, -03, -04) did not intersect the target Discovery Dyke. Flat-lying dykes are potentially important as significant lithium (spodumene) mineralization at Piedmont Lithium's Piedmont project in North Carolina is found in flat-lying dykes, which link subvertical dipping dykes.

Active trenching exposes spodumene dyke 600-m east of Discovery Dyke - Kraken Pegmatite Swarm

To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/3657/129575_a7d97836147319fc_004full.jpg

Given the results of the recon drill program, the Alliance has mobilized an excavator to expose the dykes to ensure that all drill holes are oriented optimally to test the in situ spodumene-bearing dykes in the upcoming program. Recent trenching on a surface exposure that gave a grab sample assay of 1.93% Li2O (November 9, 2021 news release), which is located approximately 600 m to the east of the Discovery Dyke, has exposed the thickest dykes encountered at Kraken (up to 22 m in apparent thickness). In addition, spodumene crystals up to 15-cm long (see photos) are noted in this outcrop, substantially larger than the few centimetre lengths at the Discovery Dyke. These dykes show dips, mainly subvertical to steeply to the south, as well as possibly flat-lying. Folding is also noted.

Pegmatite Dyke Exposure 600-m East of Discovery Dyke; Spodumene Crystals up to 15 cm Long

To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/3657/129575_a7d97836147319fc_005full.jpg

The Kraken Pegmatite Field has been sampled over a strike length of 2,200 m and has an apparent width of 1,200 m, with historical assessment reports indicating pegmatite dykes up to 6 km along trend.

Gold analyses from the host sericite schist units, which carry variable pyrite gave only weakly anomalous values, however, the drilling has tested only 100 m of the 60-km-long structure and the drilling targeted the pegmatite dykes, not gold prospective zones, defined by geochemistry or prospecting, along the Bay d'Est Fault.

All samples are shipped to Activation Laboratories in Ancaster, Ontario for multi-element analysis including lithium, tantalum, cesium and other rare/critical metals by Sodium Peroxide Fusion ICPOES + ICPMS. Gold is analyzed by the fire assay method. A total of 1,165 drill core samples were cut and delivered for analysis.

The property lies along the Baie d'Est fault system, a gold prospective fault structure in southern Newfoundland, that extends through the Sokoman / Benton licences. The Alliance continues to evaluate historical data for significant gold and lithium mineralization and will restart ground prospecting and follow-up exploration in the near future.

This news release has been reviewed and approved by Timothy Froude, P.Geo., a Director of Benton Resources Inc. and President and CEO of Sokoman Minerals Corp. Mr. Froude is a 'Qualified Person' under National Instrument 43-101.

To ensure a working environment that protects the health and safety of the staff and contractors, Benton and Sokoman will continue to use best practices in the course of performing our work programs and will follow any future federal or provincially mandated or recommended COVID-19 guidelines.

Benton Resources Inc. is a well-funded mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Following a project generation business model, Benton has a diversified, highly-prospective property portfolio in Gold, Silver, Nickel, Copper, and Platinum Group Elements, and most-recently Lithium assets, and currently holds large equity positions in other mining companies that are advancing high-quality assets. Whenever possible, BEX retains Net Smelter Return (NSR) royalties for potential long-term cash flow. Benton has also recently entered into a 50/50 strategic alliance with Sokoman Minerals Corp. (TSXV: SIC) through three large-scale joint-venture properties including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland that are now being explored.

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. The company's primary focus is its portfolio of gold projects: flagship, 100%-owned Moosehead, Crippleback Lake (optioned to Trans Canada Gold Corp.) and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland. The company has also entered into a strategic alliance (the Alliance) with Benton Resources Inc. through three large-scale joint-venture properties including Grey River Gold, Golden Hope and Kepenkeck on the island of Newfoundland. Sokoman now controls independently and through the Alliance over 150,000 hectares (>6,000 claims - 1,500 sq. km), making it one of the largest landholders in Newfoundland, Canada's newest and rapidly-emerging gold district. Sokoman also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to White Metal Resources Inc., and in Labrador, the company has a 100% interest in the Iron Horse (Fe) project that has Direct Shipping Ore (DSO) potential.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on Sokoman's property.

For further information, please contact:

CHF Capital Markets Thomas Do, IR Manager Phone: 416-868-1079 x 232 Email:thomas@chfir.com

Benton Resources Inc. Stephen Stares, President & CEO Phone: 807-475-7474 Email:sstares@bentonresources.ca

Sokoman Minerals Corp. Timothy Froude, P.Geo., President & CEO Phone: 709-765-1726 Email:tim@sokomanmineralscorp.com

Website: www.bentonresources.ca, www.sokomanmineralscorp.com Twitter: @BentonResources, @SokomanMinerals Facebook: @BentonResourcesBEX, @SokomanMinerals LinkedIn: @BentonResources, @SokomanMinerals

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Alliance's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Alliance's prospects, properties and business detailed elsewhere in the Alliance's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Alliance does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Alliance's expectations or projections.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129575

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Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB: PEMSF) ("Pacific Empire", "PEMC" or the "Company"), a British Columbia copper explorer, is pleased to announce that diamond drilling has now commenced at its flagship Jean Marie copper project, located in north-central British Columbia.

During 2021, PEMC completed a comprehensive exploration program at Jean Marie that was designed to incorporate all existing historical data on the property with data collected during the 2020 and 2021 exploration programs. As a result, PEMC has delineated 2 high priority drill targets for diamond drilling during the 2022 exploration season.

Brad Peters, President and CEO of Pacific Empire, commented, "We are excited to test our highest priority targets at Jean Marie with diamond drilling. The Jean Marie project has drill-proven potential to host a significant copper discovery. Our initial objective is to test below shallow historic drilling at Target 1 where new geophysics suggests this zone extends at depth, dipping to the east. Our interpretation is that there is a copper porphyry centre at depth and that intervals encountered in shallow drilling bodes well for high grades at depth. One of the most intriguing targets is Target 2 which is the location of the most significant geochemical anomaly on the property. Our work during 2021 suggests this anomaly is till transported therefore, rather than focusing on the centre, our priority target is the northern margin of the geochemical anomaly. It will be exciting to drill-test this sizeable anomaly and we look forward to cost-effectively advancing Jean Marie and appreciate the project's location, ease of access and nearby infrastructure."

Target 1 is located in the area of the historical A and B Zones. Although previous drilling at both of these zones encountered widespread copper mineralization, drilling was shallow and the area between was only tested with three shallow holes. Of particular importance in this area is the presence of a mineralized hydrothermal breccia that was encountered in drill hole J97-11 and occurred within an interval that graded 1.19% copper, and 5.74 g/t silver over 27 metres. Drilled to a depth of only 276 metres, J97-11 is one of the deepest holes on the property and the presence of a mineralized brecciated intrusion suggests that there is the potential for a mineralized hydrothermal system at depth in this area.

Cross Section Target 1 To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/5412/129489_c0ba87b014ff491d_001full.jpg

Plan View of Target Areas 1 & 2 To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/5412/129489_figure2.jpg

The area of Target 2 is immediately to the northwest of the most significant copper/molybdenum soil anomaly on the property. This geochemical anomaly is characterized by a large number of samples greater than 1000 ppm copper and 100 ppm molybdenum in till over 3 km length. The center of this soil geochemical anomaly was drilled in the 1970's, only one hole returned significant copper mineralization (JPH74-15) averaging 0.2% copper over the entire length of the hole. This hole is the closest hole drilled to PEMC's interpreted bedrock source of copper mineralization. The LiDAR survey and surficial mapping completed by PEMC during 2021 clearly demonstrate that the till was transported with the ice flowing from west to east, pointing to a bedrock source of mineralization at the head of the geochemical anomaly. This area has never been drill tested.

Plan View of Target 2 To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/5412/129489_c0ba87b014ff491d_007full.jpg

The Jean Marie property is a copper-molybdenum-silver-gold porphyry prospect located 50 km south of Northwest Copper's Kwanika Copper-Gold deposit and 50 km west of Centerra Gold's Mt. Milligan Copper-Gold Mine in central BC. The property covers over 12,000 hectares and has multiple mineralized zones which are open for expansion with drilling. Drill results demonstrate kilometer-scale base and precious metal mineralization over a large, under-explored property with multiple untested diamond-drill targets.

Drilling in the 1990's returned near surface intercepts of up to 244m of 0.28% copper, 0.007% molybdenum and 1.1 g/t silver, in a broad area located close to the pluton, volcanic contact. Two of the holes intercepted a distinct quartz breccia which returned up to 27 metres of 1.19% copper, and 5.74 g/t silver.

Drilling was limited to a maximum depth of 288 metres below surface and mineralization remains unbounded at depth and along strike to the NW and SE. Of the 96 holes drilled on the property since the 1970's 76 are less than 130 metres in depth with numerous short holes that were mineralized over the entire length.

Jean Marie Project Location To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/5412/129489_figure4.jpg

Atlas Drilling Ltd is a large and well-respected drill contractor located in Kamloops, BC, Canada. Atlas Drilling Ltd. has been servicing drill projects in British Columbia for over twenty five years. It is full service drill company with a large amount of support equipment including bulldozers, skidders, excavators, water trucks and truck-trailer for transporting equipment. Atlas Drilling has a helicopter to transport their crew in and out of job sites that are not accessible by trucks.

Thomas Hawkins, P.Geo., Vice President of Exploration for the Company, serves as a qualified person as defined by NI 43-101 and has reviewed the scientific and technical information in this news release, approving the disclosure herein.

Pacific Empire is a copper exploration company based in Vancouver, British Columbia and trades on the TSX Venture Exchange under the symbol PEMC. The Company's strong portfolio of gold-enriched copper projects in British Columbia, is the culmination of perseverance through one of the longest bear markets in the resource industry.

British Columbia is a "Green" copper jurisdiction with abundant hydroelectric power, access and infrastructure in close proximity to the end market.

ON BEHALF OF THE BOARD,

"Brad Peters" President and Chief Executive Officer

Pacific Empire Minerals Corp. Tel: +1-604-356-6246 brad@pemcorp.ca

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129489

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Vancouver, B.C. TheNewswire - June 29 th 2022 - Opawica Explorations Inc. (TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the "Company" or "Opawica") is pleased to announce it has completed its maiden drill program on the Arrowhead Property in the Rouyn Noranda camp of the Abitibi in Quebec.

To date, the Company has drilled 13 holes on the Arrowhead Property, comprising 4,305.7 metres. The Company has sent 1,577 rock samples, representing 1,844.75 linear metres, for assay to ALS in Quebec.

The drill program targeted the Cadillac shear zone and intersected prospective geology with a variable amount of quartz veining, brecciation, silicification and quartz stockwork, with associated sulphides.

Visible gold was encountered in a quartz vein shear zone in hole AR-22-13 at a depth of approximately 375.945 metres.

Time-domain downhole EM survey were performed on four holes including AR22-04.

The Company has intersected a section of 16.9 meters (AR-22-04) of silicified mafic tuff interbedded with felsic lapilli tuffs, quart-feldspar veins, and quartz veins.

Company President and chief executive officer Blake Morgan commented, " The Opawica team is thrilled with our maiden drill program on the Arrowhead Project. With visible gold and numerous intersections of up to nearly 17 metres. The team eagerly await assays results and will begin preparations for our phase 2 drill program. Phase two will take place later this year once all data has been received."

The Company has engaged services TMC Geophysics (TMC) of Val-d'or to undertake a downhole 3D Borehole Pulse EM Time Domain survey on four drill holes AR-22-04, AR-22-5, AR22-09 and AR-22-10 (see below). The surveys were done to help identify mineralization that does not have a surface expression.

A 3D Borehole Pulse EM system is used in which an axial component (Z) probe and a cross component (XY) probe measure the three components of the induced secondary field. The first pass with the ‘Z' probe detects any in-hole or off-hole anomalies and gives information on size, conductivity, and distances to the edge of conductors. The second pass with the ‘XY' probe measures two orthogonal components of the EM field in a plane oriented at right angles with the borehole. These results give directional information about the center of the conductive body.

The Arrowhead Project is mainly covered by the metavolcanites of the Blake River Group. Strata are oriented east-west and present a subvertical dip. Volcanic and sedimentary rocks form a series of east-west-trending, steeply dipping monoclinal panels. The sequences are separated by longitudinal contacts parallel to the lithologies. In the southern part of Joannes township, the Cadillac Fault runs along an east-west axis over a lateral distance of about 150 kilometres. In the province of Quebec, more than 40 gold deposits that have produced over 60 million ounces of gold in the past hundred years and are associated with this major structure and its subsidiary faults.*

Figure 1. 3D Borehole Pulse EM system

Click Image To View Full Size

Derrick Strickland, P. Geo (OGQ No. 35402), independent consultant to the company has reviewed and approved the technical content of this news release. * The Qualified Person has been unable to verify the information on the adjacent properties. Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the Company's properties.

Opawica Explorations Inc. is a junior Canadian exploration company with a strong portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi Gold Belt in Québec and in Central Newfoundland and Labrador. The Company's management has a great track record in discovering and developing successful exploration projects. The Company's objective is to increase shareholder value through the development of exploration properties using cost effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders.

President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company's exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

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VVC Exploration Corporation ("VVC" or the "Company") received the gas analysis from the Durler 2-21 well ("the Durler") (see news release of May 25, 2022 ) located in the Company's Syracuse Helium Project. Multiple gas samples from the well were sent to the lab for analysis, which confirmed the presence of 1.14% helium in a gas-stream that can be easily refined into high-grade sales quality helium. The Durler was already connected to VVC's helium & natural gas gathering system pipeline and to the Tumbleweed Pipeline and Processing Plant.

"As Chairman of the Board, I have seen the immense progress of the VVC team over the past year and am excited about continuing to develop the Company's helium assets," said Dr. Terrence Martell, Chairman of the VVC Board. "This gas analysis shows a helium percentage in the upper range for the area, reinforcing our confidence in the project."

The Company's 2022 Annual General Meeting of shareholders (the "AGM") will be held virtually on Wednesday, August 31, 2022, at 10:00 am (ET), with a Record Date of July 19. Following the mailing of the Proxy Material to shareholders around July 26, shareholders will be able to download the Proxy Material, including the Information Circular Booklet, from www.sedar.com and/or from the Company's website.

Even though many of the Covid-19 restrictions have been lifted, this year's AGM will be a virtual-only meeting, there will be no In-Person voting at the AGM, and all voting must be by Proxy. The deadline for Proxy Voting will be 5:00 pm (ET) on Monday, August 29, 2022, but shareholders are encouraged to vote early. Registration will be required to attend the virtual AGM, either as a shareholder or a guest. Follow the instructions on the website or in the Information Circular. Following the formal business session, management will present an update on the activities and projects, and will be available to answer questions from shareholders, subject of course to respecting Securities Laws regarding "Selective Disclosure".

VVC has received a US$1.25M short-term loan facility from its Chairman of the Board. The loan is due on November 30, 2022 and bears interest at an annual rate based on the Secured Overnight Financing Rate (SOFR) plus 2.75%. The loan is secured by a 0.5% interest in the Company's interest in Proton Green LLC.

This financing will allow the Company to accelerate and expand its current helium production while it develops additional areas in its Syracuse Project.

About VVC Exploration Corporation VVC is a publicly traded Canadian-based mining exploration and development company listed on the TSX Venture Exchange (TSX-V:VVC). With the addition of Plateau Helium Corporation ("PHC"), VVC is a Helium and natural gas producing company. VVC's portfolio includes the Gloria Copper Project in Northern Mexico, precious metals properties also in Mexico and the Helium Projects owned by its wholly owned subsidiary, PHC. VVC is currently focused on the Helium Projects owned by PHC and will resume the development of Gloria Copper Project as soon as Covid-19 restrictions are lifted in the region. To learn more, visit our website at: http://vvcexpl.com

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

2369 Kingston Road, PO Box 28059 Terry Town, Scarborough, ON M1N 4E7 – Tel: 416-619-5304

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World Copper Ltd. (TSXV: WCU) (OTCQX: WCUFF) (FSE: 7LY0) ("World Copper" or the "Company") announces a non-brokered private placement (the "Placement") of up to 8,333,333 units (the "Units") at a price of $0.30 per Unit (the "Offering") for gross proceeds of up to $2,500,000. Each Unit will consist of one common share of the Company (a "Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to acquire one additional share of the Company for a period of two years from the date of issuance at a price of $0.60 per share. Expiry of the Warrants may be accelerated if the closing price of the Company's common shares on the TSX Venture Exchange ("TSXV") is equal to or greater than $1.00 for a minimum of twenty consecutive trading days and a notice of acceleration is provided in accordance with the terms of the Warrants.

Insiders may participate and finders' fees may be payable to qualified arm's length parties that have introduced the Company to certain subscribers participating in the Offering. All securities issued in the Offering are subject to a four-month hold period, during which time the securities may not be traded. Closing of the Offering is subject to the approval of the TSXV.

The net proceeds from the Offering are intended for exploration and development and, general working capital.

This press release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act") or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused on the exploration and development of its copper porphyry projects: Escalones and Cristal in Chile, and Zonia in Arizona. Two of these projects have estimated resources with significant soluble copper mineralization, and each has additional copper porphyry targets with exciting potential to expand the resource base.

The World Copper team has a unique skill in navigating the mining sector within Chile, with some members having worked in the country for more than 40 years and with discovery success.

Detailed information is available at World Copper's website at www.worldcopperltd.com, and for general Company updates you may follow us on our social media pages via Facebook, Twitter & LinkedIn.

The Escalones porphyry-skarn copper-gold project has estimated inferred resources of 426 million tonnes of 0.367% total copper within the oxidized zone, based on nearly 25,000m of drill core from 53 holes. The 3.45 billion pounds of copper should be amenable to heap leaching with an average recovery of 71%. The Company is focused on exploring the Mancha Amarilla target immediately to the south of the existing resource. In addition, three significant hydrothermal alteration zones, each measuring between 2,000 m and 3,000m in diameter, lie 8-10 km to the north of the main discovery.

Mineral resources are not mineral reserves and do not have demonstrated economic viability as there is no certainty that all or any part of the resources will be converted into reserves. Inferred resources are that part of a mineral resource for which quantity and grade or quality are estimated based on limited geological evidence and sampling. It is reasonably expected that the inferred resources could be upgraded to indicated resources with continued exploration.

About the Escalones February 2022 PEA Study

On February 15, 2022, the Company announced the following outstanding results of the Preliminary Economic Assessment ("PEA") for the Escalones project:

The exceptional results of the Escalones PEA confirm what we at World Copper have always believed - that Escalones has the potential to be one of the most impressive copper properties in South America. Escalones now joins a peer group of large-scale, study-backed, development stage assets. Escalones has several attributes that make it attractive for development including robust economics, strong value metrics and the potential of rapid returns for a comparably low capital investment. The results of the PEA, combined with Escalones' large land package and resource expansion potential, make it a truly outstanding project.

The Preliminary Economic Assessment is considered preliminary in nature and includes Inferred Mineral Resources that are considered too speculative, geologically, to have the economic considerations applied that would allow classification as Mineral Reserves. There is no certainty that the results of the PEA will be realized. All values are reported in US dollars unless otherwise noted.

The Zonia project is in Yavapai County, Arizona, and consists of 261 mineral claims and additional surface rights, all totaling 4,279.55 acres. It is a near-surface, copper-oxide resource and a brownfields site having already been mined in the late 1960s and '70s. The Project is at the PEA level and has been significantly de-risked with over 50,000 metres of drilling completed to date and with substantial amounts of detailed engineering completed. Further details can be found here.

On Behalf of the Board of Directors of

"Nolan Peterson" Nolan Peterson Chief Executive Officer and President

For further information, or to schedule a Zoom meeting with Management, please contact: Nolan Peterson or Michael Pound Phone: 604-638-3287 E-mail: info@worldcopperltd.com

For all Investor Relations inquiries, please contact: John Liviakis Liviakis Financial Communications Inc. Phone: 415-389-4670

For all Public Relations inquiries, please contact: Nancy Thompson Vorticom, Inc. Office: 212-532-2208 | Mobile: 917-371-4053

Twitter: https://twitter.com/WorldCopperLtd Facebook: https://www.facebook.com/WorldCopperLtd LinkedIn: https://www.linkedin.com/company/worldcopperltd

Neither 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 news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, statements with respect to the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will result in sustained copper and precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company's projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company's projects and the Company's ability to comply with environmental, health and safety laws.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of lithium and copper, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company's business, financial condition and results of operations, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in the future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including acceptance by the TSXV, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company's latest interim Managements' Discussion and Analysis and filed with the Canadian Securities Authorities. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.

**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES**

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