Metal Energy Starts 10,000 Metre Drill Program On Its Manibridge High-Grade Nickel Project |

Metal Energy Corp. (the " Company " or " Metal Energy ") (TSXV: MERG) is pleased to announce its started its Phase 2 10,000 metre drill program (the " Program ") on the high-grade nickel and copper Manibridge project (the " Project " or " Manibridge ") in the Thompson Nickel Belt, Manitoba . Drilling will focus within the shadow of the past-producing mine that produced 1.3 million tonnes at 2.55% nickel and 0.27% copper from 1971 to 1977.

"We're very excited to start this large drill program on Manibridge. There's a lot of underexplored potential within the shadow of the old mine workings and we intend to prove up the nickel and copper endowment. Our Phase 1 drill program within the same target area had a 100% drill hole intersection success, indicating that our model is accurate and hinting that a lot of nickel-copper sulphide mineralization remains to be discovered along this trend. Our current drill program will include a series of drill fans along twelve 50 metre-spaced drill setups. We believe this drill density will provide sufficient detail to accurately characterize the geology of the mineral system. We recently received permit approvals for up to 100,000 metres of diamond drilling on the Project; this is Phase 2 of a 2-year plan. We're committed to advancing Manibridge efficiently and effectively. There's potential for bulk tonnage mineralization within 300 metres of surface and we intend to start defining it with this drill program," said James Sykes , CEO of Metal Energy.

The Program consists of diamond drilling 10,000 metres in approximately 33 drill holes. The drill hole collar locations will be within 150 to 600 metres of the old mine workings. The average drill hole depths are planned for between 225 and 400 metres. All drill holes will be inclined between -45 and -85. Figure 1 is a location map of the drill program within the Manibridge project.

Geochemical assays will be released as they become available from the lab and reviewed for QA/QC. Metal Energy is the operator of the Program, holds 49% of the Project, and is currently earning towards 70% ownership of the Project with a short-term objective for 100% ownership of Manibridge. CanAlaska Uranium Ltd. currently holds the remaining 51% of the Project.

All drill holes successfully intersected nickel-copper sulphide mineralization, confirmed with a handheld XRF*. Confirmation of sulphides ranged from 3.7 m thickness (MNB003) to 16.8 m thick (MNB001) including a couple of drill holes intersecting small occurrences of massive net-textured sulphides. Drill hole MNB004 intersected sulphides over three separate intervals. All drill holes had evidence of nickel-copper sulphides remobilized in foliations and shears. Intense serpentinization alteration of the sulphide bearing ultramafic rock types is interpreted to remobilize nickel-copper sulphides to other areas, therefore possibly providing higher-grade occurrences of nickel-copper sulphides at or near alteration margins.

Geochemical assay results from the Phase 1 drill program will be released once received from the lab and reviewed for QAQC. See Metal Energy news release dated May 2, 2022 , for a detailed review of the Phase 1 drill program.

*Handheld XRF ("hXRF") results do not replace traditional laboratory-based analysis, however the results do provide an effective screening tool for the determination of nickel-copper sulphides for selecting samples for geochemical assay analysis. hXRF analyses were taken on every 10 cm of the surface of the core as spot analyses with a 1 cm view window wherever visible sulphides and/or ultramafic rock types were present. The reported widths of mineralization in Table 1 were calculated with a hXRF cut-off grade of 0.3% Ni with no greater than 1.0 m of consecutive internal dilution, and are subject to confirmation by chemical analyses from an independent laboratory. The hXRF model used was a Niton XL3 and operated by CanAlaska Uranium Ltd. The reader is cautioned that these width results might not reflect laboratory-quality width results and therefore should only be viewed as an initial screening for the presence of nickel-copper sulphides within the drill core.

Manibridge encompasses 4,368 hectares and is within the world-class Thompson Nickel Belt. The Project is 20 kilometers southwest of Wabowden , which has significant infrastructure and capacity that has supported previous exploration programs, including year-round highway access via Highway 6.

Table 1 below shows some of the historic drill intersections on the Manibridge project.

FIGURE 1 – Manibridge Project and Phase 2 Drill Program Location

Metal Energy is a well-funded nickel and battery metal exploration company with two projects, Manibridge and Strange, in the politically stable jurisdictions of Manitoba and Ontario, Canada , respectively. Both projects are subject to earn-in agreements where the Company can acquire 100% exploration rights to approximately 16,200 hectares.

The technical information contained in this news release has been reviewed and approved by Mike Sweeny , P.Geo., Vice-President, Exploration & Development for Metal Energy, and a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."

Certain information set forth in this news release contains forward-looking statements or information (" forward-looking ‎statements "), including details about the business of the Company. By their nature, forward-looking statements are subject to numerous risks ‎and uncertainties, some of which are beyond the Company's control, including the impact of general economic conditions, ‎industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from ‎other industry participants, stock market volatility. Although the ‎Company believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have ‎been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and ‎assumptions are based upon currently available information. Such statements are subject to known and unknown risks, ‎uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially ‎from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue ‎reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. ‎Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our public disclosure ‎documents available at www.sedar.com including the Filing Statement dated November 15, 2021 . Furthermore, the forward-looking statements contained in this document are made as of ‎the date of this document and, except as required by applicable law, the Company does not undertake any obligation to publicly ‎update or to revise any of the included forward-looking statements, whether as a result of new information, future events or ‎otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.‎

Neither the TSX Venture Exchange Inc. 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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Nickel has long been used in the production of stainless steel, but as the world races towards widespread adoption of green technologies, such as electric vehicles and renewable energy sources, the metal is becoming increasingly attractive for its role in high-capacity batteries. The green metal recently skyrocketed a historic 250 percent in two days, the largest-ever increase for nickel on the London Metals Exchange (LME). Russia’s invasion of Ukraine is the presumed catalyst, as Russia is the third-largest producer of nickel. LME halted trading for the day on March 8th due to rapidly crossing the US$100,000 per tonne threshold and then receding to US$80,000 per tonne before trading halted.

Even before Russia’s invasion of Ukraine, nickel had a positive outlook for 2022 after it surpassed expectations in 2021 with the metal ending in a deficit. Stainless steel is expected to remain the key driver of nickel demand for 2022, but the usage of nickel cathodes in long-range electric vehicle (EV) batteries is strengthening momentum. Some market analysts anticipate a “supercycle like no other” for the various metals necessary for the world to transition to green energy and the electrification of things.

The supercycle will go down as historically important as it is aims to replace centuries of dedicated fossil fuel use. The demand for nickel in green technologies is still gaining momentum, presenting mining companies with a unique opportunity: act pre-emptively to achieve a sustainable long-term market position. Governments around the world have made promises to transition to clean energy, a strong indication of the anticipated supercycle. Canada alone has promised that all of its electricity and all new cars sold will be zero-emission by 2035 – more clean energy metals are necessary to achieve that goal. Where will they come from?

James Sykes, CEO of Metal Energy, recently put the importance of the Manibridge Project’s location into context, stating, “The thing we know about the Thompson Nickel Belt is that over six billion pounds of nickel has been produced from within the belt since 1961, that’s a lot of nickel. It’s the fifth-largest nickel mining jurisdiction in the world; this is not a little area, this is huge. This has global implications moving forward, especially with the advent of EVs and battery requirements, we need nickel! So why not go back to the Thompson Nickel Belt.”

A 3,000-meter drill program recently commenced within the Manibridge Project targeting high-grade nickel within a kilometre of the old mine workings. The drilling program is focused on a historic mining area that produced 1.3 million tonnes of high-grade nickel from 1971 to 1977. Metal Energy isn’t just reproducing historic drill holes, it's identified additional targets to extend the current envelope of high-grade nickel, acting on this interest with its recent 49 percent acquisition of Manibridge.

The Strange Project, the company’s second project, is located within the Animikie Basin geological region in Ontario This area includes major sulphide nickel deposits that resemble the deposits found in the nearby Lundin Mining’s (TSX:LUN) Eagle East and Eagle Mine deposits.

Metal Energy is part of the Ore Group, a collection of mining companies targeting premier jurisdictions that share in-house technical and financial expertise. Additionally, a team of experienced experts lead Metal Energy’s exploration and growth. James Sykes, CEO, brings his past successes in the uranium space to the team, confident he can repeat history with nickel. Stephen Stewart serves as chairman and director, adding his extensive management background to the team. Charles Beaudry adds 30 years of experience in exploration and hands-on project management within the mining space. The team is rounded out by additional experts in their respective fields, including corporate financing and natural resource investment.

The Manibrige Project is located within the famous Thompson Nickel Belt, which is one of the world’s richest nickel districts. The company believes that the project has potential for numerous multi-million-tonne deposits of high-grade ore enveloped by additional lower-grade mineralized shells.

Metal Energy recently acquired 49 percent interest in this project, electing to continue exploration pursuant to the company's option agreement to earn up to 100 percent of the Manibridge Project. "Our current and planned 10,000 metre summer drill program are designed to help us understand the geological controls of nickel mineralization in order to advance the Project towards a mineral resource estimate," said James Sykes , CEO of Metal Energy.

This project is a potential district-scale discovery opportunity for nickel sulfide. Multiple targets have already been identified, including a few large-scale magnetic anomalies. The presence of the anomalies prompted Metal Energy to stake additional claims, bringing the total area of the project to 11,000 hectares.

James brings more than 15 years of mineral exploration and discovery experience to the team, most notably from prominent roles in high-grade uranium and rare earth element successes. Over the past decade, he has been directly and indirectly involved with the discovery of over 500 million pounds of uranium-three in the Athabasca Basin, located in Northern Saskatchewan, having helped generate billions of dollars in shareholder appreciation. Sykes is also the CEO, president, and director of Baselode Energy, where they made a new uranium discovery, ACKIO, with the company’s first drill program.

Stephen Stewart is the CEO and director of Orefinders Resources and QC Copper & Gold, both TSXV-listed companies, while also being a director of Mistango River Resources, a CSE-listed company. He is also Managing Partner of Minvest, a private group focused on natural resource discovery and development. Stewart is the founder and chairman of the Young Mining Professionals Scholarship Fund, the largest mining-focused charitable organization and fund, supporting mining engineering and geology education in Canada. Stewart holds a bachelor's of arts degree from the University of Western Ontario, a master's of business administration from the University of Toronto’s Rotman School of Management, and a master's of science from the University of Florida.

Charles is a professional geologist with over 30 years of experience in project generation, business development, exploration chemistry, and hands-on project management. Beaudry previously held the position of general manager of new business opportunities with IAMGOLD from 2008 until 2009, after having spent nearly 17 years in various capacities for Noranda-Falconbridge-Xstrata. His tenure included serving as country manager of Brazil from 1996 to 2001 and manager of the Frieda River Project from 2005 to 2006. He holds a bachelor's of science in geology from the University of Ottawa and a master's of geology from McGill University.

Alexander Stewart has over 40 years of experience in the practice of corporate and securities law and natural resource investment. He has been a director of numerous public companies on various exchanges including NASDAQ, NYSE, TSX, and TSXV. For the last fifteen years, he has focused exclusively on the mining and metals sector and has been instrumental in sourcing, funding, and developing high-quality mineral assets in North and South America. In the past, he was the founder, seed financier, and principal behind a number of mining projects including the Cote Lake Project, acquired by IAMGOLD in 2012 for over C$580 million, and the Eagle One polymetallic project now owned by Noront Resources. He holds a bachelor's of arts degree from the University of Western Ontario, a juris doctor degree from the University of Toronto Law School, and an LCE diploma from the University of Madrid.

Joel Friedman is a finance professional with over 13 years of experience working in the mining and cannabis industries. Most recently, Joel served as the CFO of Khiron Life Sciences Corp, prior to this, he was Vice President, Finance at CannTrust Inc., and Director of Finance at Primero Mining Corp. and senior finance roles at Banro Corporation and Iamgold Corporation. Mr. Friedman began his career at Deloitte in the Real Estate and Resources group, where he worked with a variety of publicly listed clients throughout the mining lifecycle, from exploration to multi-asset operators. Mr. Friedman holds a CPA, CA and Honours Bachelor of Business Administration from the Schulich School of Business at York University, Canada.

Mike Sweeny is a professional geologist with over 30 years of experience and a strong focus on nickel, copper, and platinum group element (“Ni-Cu-PGE”) minerals systems. Previously he held various positions, including senior geologist for numerous underground and surface exploration programs with Falconbridge-Xstrata-Glencore. He played primary roles in the discoveries of the Onaping Depth Deposit (currently in development), Fraser Morgan Deposit (currently in production). Sweeny was a part of the exploration team that discovered the recent Ni Rim Depth and Norman West Footwall deposits, for a combined total that's close to 65 million tonnes of nickel and copper resources. He has extensive experience in managing and designing underground and surface exploration programs from grassroots discovery to definition drilling leading to production. He started his career with the Ontario Geological Survey focused on the Lac des Iles PGE deposit, in the Thunder Bay area, positioned in Northwestern Ontario. Sweeny holds a master's of geology from Western University.

Metal Energy Corp. (" Metal Energy " or the " Company ") (TSXV: MERG) is pleased to announce that it will be featured at Ore Day which will be broadcast today June 10 th at 9 am ET at www.Oreday.com

Ore Day is a conference hosted by the Ore Group of Companies who focus on gold, copper, nickel, and uranium development projects.

Ore Day will also feature keynote talks and interview with industry experts, including:

Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes information about the Company's expectations regarding future operations and other forward-looking information. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the application of the proceeds of the Offering as anticipated by management and the inability to obtain the necessary TSX Venture Exchange approval to complete the Offering. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's ability to close the Offering, that the Company's financial condition and development plans do not change as a result of unforeseen events, and that the Company will receive all required regulatory approvals, TSX Venture Exchange approval, for the Offering.

Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein. The Company does not assume any obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements, unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com

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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Baselode Energy Corp. (" Baselode " or the " Company ") (TSXV: FIND) (OTCQB: BSENF) is pleased to announce that in partnership with the YMP Scholarship Fund it has renewed its Indigenous Mining Scholarship for 2022. Baselode will be awarding a $2,000 scholarship to an Indigenous student leader enrolled in a Canadian post-secondary institution looking to pursue a career in the mining industry who has demonstrated academic success and a commitment to preserving Indigenous languages and culture.

"Baselode is very proud to support Canada's Indigenous youth pursuing academic studies in the mining and exploration sector with our scholarship contribution. This scholarship presents an opportunity for an individual to benefit directly from Canada's mining sector, which has a history of supporting Indigenous communities and partnering together for mutual benefits. We are pleased to know that this scholarship will benefit the recipient's educational growth and development," said James Sykes , CEO and President of Baselode Energy Corp.

Apply Here: Click here to find the YMP Scholarship applications. The application deadline is August 31, 2022 .

Baselode, along with other Ore Group Companies, American Eagle Gold (TSXV: AE), Orefinders Resources (TSXV: ORX), Mistango River Resources (CSE: MIS), Metal Energy (TSXV: MERG), and QC Copper and Gold (TSXV: QCCU), are proud to be donating a total of $20,000 to students from the Indigenous Community in Canada in partnership with the Young Mining Professionals Scholarship Fund.

Young Mining Professionals Scholarship Fund ("YMPSF") is pleased to announce the continuation of its scholarship program in 2022, with $200,000 in scholarships to be given directly to students studying earth sciences in Canada . YMPSF is a volunteer-based organization with 100% of its donations from partners awarded directly to the student scholarship recipients. YMPSF's mandate is to attract young people to Canada's exploration and mining industry by supporting their academic studies in earth sciences.

Baselode currently controls 100% of approximately 207,000 hectares for exploration in the Athabasca Basin area, northern Saskatchewan, Canada . The land package is free of any option agreements or underlying royalties.

Baselode's Athabasca 2.0 exploration thesis is focused on discovering near-surface, basement-hosted, high-grade uranium orebodies outside of the Athabasca Basin. The exploration thesis is further complemented by the Company's preferred use of innovative and well-understood geophysical methods to map deep structural controls to identify shallow targets for diamond-drilling.

For information and updates on Baselode please visit: www.baselode.com And please follow us on Twitter @BaselodeE And please follow us on LinkedIn @BaselodeEnergyCorp

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release. Certain information in this press release may contain forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements regarding whether the TSX Venture Exchange will approve the Assignment Agreement, and whether the Company's exploration efforts on the Property produce the results that are anticipated by management. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. American Eagle Gold Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to American Eagle Gold Corp. Additional information identifying risks and uncertainties is contained in filings by American Eagle Gold Corp. with Canadian securities regulators, which filings are available under American Eagle Gold Corp. profile at www.sedar.com .

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Metal Energy Corp. (the " Company " or " Metal Energy ") (TSXV: MERG) is pleased to announce it has received a 3-year Work Permit (the " Permit ") from the province of Manitoba to allow for 100,000 metres of diamond drilling on the high-grade nickel and copper Manibridge Project (the " Project " or " Manibridge ") in the Thompson Nickel Belt of Manitoba .

"This is a big step forward for Metal Energy as operators advancing Manibridge. The Permit provide us the necessary approval to continue definition drilling of the Manibridge Mine target, expanding on the Manibridge North high-grade nickel deposit, and drill testing kilometres of prospective greenfield exploration targets over the next 3 years ( Figure 1). We are optimistic that there are more high-grade nickel and copper greenfield discoveries to be made on the Project. Still, we are more confident that the historic Manibridge Mine target has significant growth opportunities for a viable nickel-copper resource. We are weeks away from starting Phase Two's 10,000 metre summer drill campaign, which is largely focused on delineating a resource on the Manibridge Mine target," said James Sykes , CEO of Metal Energy.

Preparations for Manibridge's Phase Two 10,000 metre diamond drill program are underway, with Metal Energy now acting as operator of the Project. The drilling contractor, accommodations, support services, and the Permit have all been secured. The Company anticipates mobilization of the drill program during the first days of June.

The Company has approximately $5.5 million in cash and is fully-funded to carry out the Phase Two drill program.

The recently completed Phase One drill campaign included six drill holes (MNB001 to MNB006) for over 2,350 metres. All drill holes successfully intersected nickel-copper sulphide mineralization; assay results are pending. Confirmation of nickel-copper sulphides ranged from 3.7 m thickness to 16.8 m thick, including a couple of drill holes intersecting small occurrences of massive net-textured sulphides. For full details, see Metal Energy news release dated May 2 , 2022.

The Company is preparing an in-depth video presentation to detail Phase One's drill program results, including its interpretations of mineralization controls and vectors for higher-grade nickel and copper occurrences.

FIGURE 1 – Manibridge Project Location and Future Drill Program Targets

Manibridge encompasses 4,368 hectares and is within the world-class Thompson Nickel Belt. The Project is 20 kilometers southwest of Wabowden , with significant infrastructure and capacity supporting previous exploration programs, including year-round highway access via Highway 6.

Metal Energy has acquired 49% interest in the Manibridge project effective March 22 , 2022. The Company has elected to continue exploration to earn up to 70% in Manibridge with a long-term objective for 100% ownership of Manibridge.

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Metal Energy Corp. (the " Company " or " Metal Energy ") (TSXV: MERG) is pleased to announce its inaugural drill program is complete on the high-grade nickel and copper Manibridge project (the " Project " or " Manibridge ") in the Thompson Nickel Belt, Manitoba .

"This first drill program on our flagship Manibridge project was a success. We had a 100% nickel-copper mineralization intersection rate in every hole, and we confirmed our model. Most importantly, two holes confirmed nickel-copper sulphide mineralization within gaps of our model. The nickel-copper sulphide system at Manibridge is completely open at depth which can add a significant amount of bulk tonnage to what's already there. Preparations for our planned 10,000 metre follow-up drill program are underway and we anticipate some exciting discoveries this summer. Nickel demand continues to grow with a projected shortfall of supply over the next decade; we intend to have Manibridge contributing to the North American electrification supply chain," said James Sykes , CEO of Metal Energy.

The Company is preparing an in-depth video presentation to provide details on this completed drill program, including its views on mineralization controls and vectors for higher-grade nickel and copper occurrences.

Drilling was focussed within a one-kilometre strike-length of the Manibridge Mine which produced 1.3 million tonnes at 2.55% nickel and 0.27% copper from 1971 to 1977 ( Figure 1 ). Six drill holes (MNB001 to MNB006) were completed for a total of 2,350 metres ( Figure 2, Table 1 ). Drilling was cut short due to the expiration of the Government drill permits.

All drill holes successfully intersected nickel-copper sulphide mineralization, confirmed with a handheld XRF*. Confirmation of sulphides ranged from 3.7 m thickness (MNB003) to 16.8 m thick (MNB001) including a couple of drill holes intersecting small occurrences of massive net-textured sulphides (MNB001, Figure 3 ). Drill hole MNB004 intersected sulphides over three separate intervals. All drill holes had evidence of nickel-copper sulphides remobilized in foliations and shears. Intense serpentinization alteration of the sulphide bearing ultramafic rock types is interpreted to remobilize nickel-copper sulphides to other areas, therefore possibly providing higher-grade occurrences of nickel-copper sulphides at or near alteration margins.

Preparations for Manibridge's Phase Two 10,000 metre diamond drill program are underway, with Metal Energy now acting as operator of the Project. The drilling contractor, accommodations, and support services have been secured, and the drill permits from the Manitoba Government are expected prior to month's end. The Company anticipates mobilization of the drill program immediately thereafter.

Geochemical assay results from the drill program will be released once received from the lab and reviewed for QAQC. Metal Energy has been advised that the current turn-around time has been estimated at 6 to 8 weeks. CanAlaska Uranium Ltd. was the operator for this drill program.

Table 2 below shows some of the historic drill intersections on the Manibridge project.

Table 2 - Selected Historic Drill Intersections on Manibridge

FIGURE 1 – Manibridge Project Location and Planned Drill Program Location

FIGURE 2 – Winter 2022 Drill Holes Within Manibridge Mineralization Shell (looking west)

FIGURE 3 – Massive Net-Textured and Brecciated Sulphides (MNB001 at 269.0 m depth)

Table 1 - Winter 2022 Diamond Drill Hole Collar Data and Visible Sulphide Results

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Metal Energy Corp. ("the " Company " or " Metal Energy ") (TSXV: MERG) is pleased to announce the acquisition of 49% interest in the Manibridge project (" Manibridge " or the " Project ") effective March 22, 2022 . The Company has also elected to continue exploration to earn up to 70% interest in Manibridge. These transactions are a part of Metal Energy's option agreement to earn up to 100% of Manibridge.

"This is a monumental step forward for Metal Energy as we advance the Manibridge project. We firmly believe Manibridge has the potential to contribute to the evolving global electrification transition, particularly in the electric vehicle and renewable energy markets. Manibridge was a past-producer of high-grade, high-tenor sulphide nickel and the historic operators left a lot of high-grade nickel in the rocks. Our current and planned 10,000 metre summer drill program are designed to help us understand the geological controls of nickel mineralization in order to advance the Project towards a mineral resource estimate," said James Sykes , CEO of Metal Energy.

CanAlaska are the operators of the on-going diamond drilling program within the shadow of the past-producing Manibridge mine which produced 1.3 million tonnes at 2.55% nickel and 0.27% copper from 1971 to 1977. The drill program is planned for 3,000 metres with 9 drill holes within a kilometre strike of the Manibridge mine (see Metal Energy news release dated March 7, 2022 ).

The Company has issued a total of 1,198,630 Common Shares to the optionor of the Project, CanAlaska Uranium Ltd. (" CanAlaska "), at a price of $0.146 per Common Share (20 day VWAP) and has also granted a 1% NSR royalty on two claims and a 2% NSR royalty on all other claims.‎ The Common Shares issued have a four-month resale restriction.

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Metallum Resources Inc. (TSXV: MZN) (OTCQB: MTLLF is developing a high-grade zinccopper project in Ontario. BTV chats with President & CEO, Kerem Usenmez to learn more.

Metallum Resources Inc.(TSXV: MZN) (OTCQB: MTLLF)

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Midnight Sun Mining Corp. (TSXV: MMA) (OTCQB: MDNGF) (the "Company" or "Midnight Sun") has received notification of Rio Tinto Mining and Exploration Limited's ("Rio Tinto") intention to terminate the previously announced Earn-In and Joint Venture Agreement (the "Earn-In Agreement") (see the Company's news release dated April 27, 2020). Termination will be effective June 28, 2022.

Under the terms of the Earn-In Agreement, Rio Tinto has not earned any ownership of the Solwezi Licences, and control will be returned to Midnight Sun, along with all samples and data collected while Rio Tinto acted as the project operator.

Al Fabbro, President & CEO commented, "While Rio Tinto were not satisfied with the results generated by their work on our properties, I do not share their feelings. From the outset of this Agreement, Rio Tinto made it clear to me they were looking for a 'Rio sized deposit.' Falling short of their parameters does not mean we don't have the makings of an economic orebody on our hands. They have generated excellent databases of geochemical and geophysical information that tell me the Solwezi Licences are very much still alive and warranting further work."

Midnight Sun has received the 2021 Solwezi exploration report from Rio Tinto. All of the work in this field season was focused on license 12124-HQ-LEL and total expenditures for the 2021 program were approximately USD $2.95 million.

The work consisted of 5,968 meters ("m") of drilling divided into: 2,483 m of diamond drilling ("DD") over 8 holes, 1,050 m of Reverse Circulation drilling ("RC") and 2,682 m of air core drilling ("AC"). There were also 668 new soil samples taken and 1,200 AC samples from Mitu reanalyzed.

A total of five target areas were examined: Gameno, Likoko, Sanda, Mawemba and Dumbwa.

There were three DD holes at Gameno totalling 1,300 m. The program was designed to test a Cu-Bi anomaly that was upgraded by two AC holes in 2020 that returned 18 m of 0.21% Cu and 14 m of 0.23% Cu. The three best intercepts were 2.1 m of 0.68% Cu from 360 m, 1.5 m of 0.79% Cu from 188.5 m, and 1.42 m of 8.3% Cu from 164 m.

No further work is recommended due to lack of strike continuity and thickness. It is also the most populous part of the licenses, running into the town of Solwezi, which hampers further exploration and potential development.

Two DD holes, totalling 461 m tested the Mitu extension to the southeast over a moderate copper soil anomaly coincident with a strong Versatile Time Domain Electromagnetic ("VTEM") anomaly and an audiomagnetotelluric ("AMT") conductor. Neither diamond drill hole intersected Cu mineralisation, indicating further geological and structural modelling of the Mitu Trend is required to understand the controls of mineralisation and the fluid focusing mechanism along this target area.

Two DD holes totalling 499 m tested a weak soil geochemical anomaly and a large VTEM anomaly similar to Mitu. Weak mineralisation was encountered in each hole.

One diamond drill hole was completed to test a Cu in soil anomaly on the north-west edge of a large mafic intrusive body. This diamond drill hole intercepted 20 m of 0.19% Cu from 27.3 m.

At Mawemba NE, 18 air core holes were drilled across three fences, testing a Cu in soil anomaly and along a linear magnetic anomaly. The strongest result was 1 m of 1.13% Cu from 26 m, terminating in mineralization.

Rio Tinto performed a full review of the diamond drilling previously performed by Midnight Sun on the area to get an understanding of the geology and mineralisation of the area. A 200 m x 200 m infill soil geochemical grid confirmed the continuity of the anomaly and seven reverse circulation holes were drilled.

Midnight Sun engaged an independent Copperbelt expert, Dr. Simon Dorling, to review the data generated by Rio Tinto's work and prepare recommendations for Midnight Sun's 2022 work program.

All samples collected by Rio Tinto including soil samples and all drilling were sent to ALS Global Ndola facility for preparation and on turn ALS Vancouver for analysis. The prepared samples was provisionally analysed by ALS certified pXRF at Ndola and in turn by ICP-AES/MS method in Vancouver. One duplicate sample and one certified standard sample were inserted by Rio Tinto in every 20 samples analysed for quality control/quality assurance purposes.

Qualified Person: Richard Mazur, P.Geo., a Director of the Company anda Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release.

ON BEHALF OF THE BOARD OF Midnight Sun Mining Corp.

Al Fabbro President & CEO

For Further Information Contact: Al Fabbro President & CEO Tel: +1 604 351 8850

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 NEW RELEASE.

This news release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, changes in market conditions, unsuccessful exploration results, changes in commodity prices, unanticipated changes in key management personnel and general economic conditions. Mining exploration and development is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/127225

News Provided by Newsfile via QuoteMedia

Fireweed Zinc LTD. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF) is pleased to provide the results of its Annual and Special Meeting of Shareholders which was held on May 25, 2022, and to announce Fireweed shares are now eligible for electronic clearing and settlement with the Depository Trust Company ("DTC") for trading in the USA.

Annual and Special Meeting At the Annual and Special Meeting of shareholders, 25,038,453 shares were voted and the Company received majority shareholder approval for the following:

Details of the matters approved at the meeting are set out in the Company's Information Circular dated April 19, 2022 and available under the Company's profile on SEDAR at www.sedar.com .

Depository Trust Company Eligibility in USA The Company is pleased to announce that Fireweed shares are now eligible for electronic clearing and settlement through the Depository Trust Company ("DTC") in the USA. DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly traded companies. Securities which are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible." The Company believes that being DTC eligible will simplify and make trading in its common shares on the OTCQB Venture Market more accessible to the US investment community with accelerated settlement periods and expected reduction in costs for investors and brokers.

DTC eligibility compliments Fireweed's OTCQB ® Venture Market (the "OTCQB") listing (OTCQB: FWEDF) in the USA. The OTCQB, operated by the OTC Markets Group in New York, is the premiere marketplace for early stage and developing U.S. and international companies, and is recognized by the United States Securities and Exchange Commission ("SEC") as an established public market providing public information for analysis and value of securities.

About Fireweed Zinc Ltd. (TSXV: FWZ; OTCQB: FWEDF; FSE:20F ): Fireweed Zinc is a public mineral exploration company on the leading edge of Critical Minerals project development. The Company has three projects located in northern Canada:

In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed (OTCQB: FWEDF) trades on the OTCQB Venture Market for early stage and developing U.S. and international companies and is DTC eligible for enhanced electronic clearing and settlement. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the Company on www.otcmarkets.com . In Europe, Fireweed (FSE: 20F) trades on the Frankfurt Stock Exchange.

Additional information about Fireweed Zinc and its projects can be found on the Company's website at www.FireweedZinc.com and at www.sedar.com .

ON BEHALF OF Fireweed Zinc LTD.

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.

Forward Looking Statements This news release may contain "forward-looking" statements and information relating to the Company including its DTC eligibility that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company's operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Additional risks are set out in the Company's prospectus dated May 9, 2017, and filed under the Company's profile on SEDAR at www.sedar.com. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

Contact: Brandon Macdonald Phone: (604) 646-8361

News Provided by GlobeNewswire via QuoteMedia

TSXV:AUC)(OTCQB:AUCCF)(Frankfurt:9FY), (the "Company" or "Goldplay"), is pleased to announce that it will be exhibiting at the annual 2022 Prospectors & Development Association of Canada Convention (PDAC), the world's premier mineral exploration & mining event. We invite all our shareholders and conference delegates to visit us at booth # 3352. The in-person event will be held at the Metro Toronto Convention Centre (MTCC) from Monday, June 13 to Wednesday, June 15, 2022

We welcome all stakeholders to come visit our senior team members who are attending PDAC from Portugal and BC and discuss one on one Goldplay's plans for 2022 and beyond.

Goldplay Mining is a Canadian public company listed on TSXV and in US on OTCQB. Goldplay holds large district scale gold, and copper-gold projects located in BC's Golden Triangle and southwestern BC with potential for world class mineral discoveries. The Company also holds several brownfield gold, and copper-gold projects located in Portugal with near term mining potential.

On behalf of the Board of Directors "Catalin Kilofliski" President, CEO & Director

For further information please contact:

Goldplay Mining Inc. Mr. Catalin Kilofliski, President & CEO Suite 650 - 1021 West Hastings Street Vancouver, BC V6E 0C3 T: (604) 655-1420 E: catalin@goldplaymining.ca www.goldplaymining.ca

News Provided by ACCESSWIRE via QuoteMedia

Azarga Metals Corp. ("Azarga Metals" or the "Company") (TSXV:AZR) is pleased to announce the appointment of Doris Meyer as a director. The number of directors of the Company is now restored to three by this appointment

Doris Meyer is the Corporate Secretary of the Company. She gained her early experience in the mining industry as Vice President Finance of Queenstake Resources Ltd. from 1985 to 2003. Ms. Meyer launched her private company Golden Oak in October 1996 with Queenstake as her first client. Since that time, Golden Oak has provided publicly traded mineral exploration companies with administrative, financial reporting and corporate compliance services. Ms. Meyer is also Corporate Secretary and Director for a number of publicly listed exploration companies trading on the TSX-V. Ms. Meyer is a past member of the Institute of Chartered Professional Accountants of British Columbia. Ms. Meyer has been the Corporate Secretary of the Company since 2008.

Gordon Tainton, President and CEO

For further information please contact: Doris Meyer, at +1 604 536-2711 ext. 3 or visit www.azargametals.com. The address of the head office of Azarga Metals is Unit 1 - 15782 Marine Drive, White Rock, BC V4B 1E6, British Columbia, Canada.

News Provided by ACCESSWIRE via QuoteMedia

June 9 2022 TheNewswire - Vancouver, BC Interra Copper Corp. (CSE:IMCX) (CNSX:IMCX.CN) (OTC:IMIMF) (FRA:3MX) (" Interra " or the " Company ") is pleased to announce that it has signed a "definitive option agreement" with Christopher O. Naas and T. Greg Hawkins, both Directors of the Company, (the "Property Holders") to acquire a 100% of the Chuck Creek Property (the "Property"). The Property Holders hold a 100% interest in the Property, located in central British Columbia, approximately 30 kilometers east of Clearwater. On closing, Interra shall have paid to the Property Holders, CDN$ 30,000 plus 35,000 Interra shares and granted a 1% Net Smelter Return (NSR), with a 0.5% buy back option.

The Chuck Creek Property covers 33.57 sq. kilometers (8,293 acres) and is situated in central British Columbia. The property is located within the Eagle Bay Assemblage of rocks and is surrounded on all sides by Taseko Mines' Yellowhead property, which hosts a copper-gold volcanogenic massive sulphide deposit. The large undeveloped Yellowhead deposit has proven and probable reserves of 817 million tonnes grading 0.29% copper equivalent. ( https://www.tasekomines.com/properties/yellowhead ).

"The Chuck Creek claims have yielded significant multi-ounce gold silt samples in the past. Interra aims to discover the source of this mineralization, and conduct work this year on the project with compelling location, proximity to major deposits, and year-round access, minutes from a major highway" stated CEO Jason Nickel.

The Chuck Creek Property was first staked by the Property Holders in 2002 and is one of the largest unexplained alluvial gold stream geochemical anomalies in the province. Historical silt samples concentrates have returned up to 58,600 ppb Au and soil samples panned to concentrates have returned up to 78,600 ppb Au. Location maps are shown below.

Click Image To View Full Size

ON BEHALF OF Interra Copper CORP.

Interra is a junior exploration and development company focused on creating shareholder value through the advancements of its current assets that include the Thane Property in north-central British Columbia. Utilizing its heavily experienced management team, Interra continues to source and evaluate assets to further generate shareholder value.

The Thane Property covers approximately 206 km 2 (50,904 acres) and is located in the Quesnel Terrane geological belt of north-central British Columbia, midway between the previously-operated open pit Kemess Mine and the current open pit Mount Milligan mine, both two copper-gold porphyry deposits. The Thane Property includes several highly prospective mineralized areas identified to date, including the ‘Cathedral Area' on which the Company's exploration is currently focused.

Forward-Looking Statements: This press release contains "forward ‐ looking information or statements" within the meaning of Canadian securities laws, which may include, but are not limited to statements relating to the Consolidation, the receipt of any required regulatory approvals thereto, the cancellation of stock options, and exploration plans on the Thane Property. All statements in this release, other than statements of historical facts that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ from those in the forward-looking statements. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties, and assumptions. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects. The Company does not undertake to update forward ‐ looking statements or forward ‐ looking information, except as required by law.

News Provided by TheNewsWire via QuoteMedia

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