Fabled Copper Participates In Legacy Sites Clean Up |

Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL)(FSE:XZ7) announces that in August 2022 the legacy site clean-up was successfully accomplished under time and under budget on its Muskwa Copper Project. See Figure 1 below

Figure 1 - General Property Location

The Muskwa Project is comprised of the Neil Property, the Toro Property and the Bronson Property located in northern British Columbia. The Bronson Property was the location of the legacy exploration camps and related equipment circ 1971 left behind. See Figure 2 below.

Peter Hawley, President, CEO reports; "We commend Tom Fulton, Chair, Director of the Northeastern British Columbia Wildlife Fund (NEBCWF) for spearheading the Gataga River Basin clean-up, which took place in August 2022. This project involved the clean-up and removal of 119 abandoned fuel drums (weighing 2,304kg) and 1,896kg of other assorted waste from an area of the Gataga River Basin commonly used by both northern mountain caribou and thin horn stone's sheep.

The project was managed by the NEBCWF in partnership with the Wild Sheep Society of British Columbia, Fabled Copper Corp., North Country Projects Ltd., Shifting Mosaics Consulting, Northern Fire WoRx Corp., Stone and Folding Mountain Outfitters, Qwest Helicopters, the Northern Rockies Regional Municipality and we acknowledge the financial support of the Province of British Columbia.

We acknowledge that this project occurred on lands and in watersheds of importance to Kaska, Fort Nelson First Nation, and Treaty 8 Nations. We are honored to share responsibility for the stewardship of these places and all who inhabit them for our current and next seven generations and beyond."

The NEBCWF was notified of the contaminated sites in 2017 by a FLNRORD employee engaged in a mountain goat survey in the Gataga River basin.

On July 26 2018, a NEBCWF crew travelled to the Gataga sites to inventory what was there, obtain flying distances, and assess airstrip condition in order to develop a cost-estimate for clean-up. This trip was paid for by the NEBCWF. The crew located 119 fuel drums across the three sites as well as a variety of other waste: from the remains of old buildings, to cans and bottles, to appliances. Much of the waste likely originated from the historical Gataga Camp which was abandoned in 1971 (See Photo 2).

NEBCWF volunteers also observed that the area was used extensively by thin horn stone's sheep and northern mountain caribou, which had left many tracks within the basin, and was ideal habitat for grizzly bear and other large carnivores.

Over the next few years, NEBCWF contacted local guide outfitters, the Habitat Conservation Trust Foundation, the Peace-Williston Fish and Wildlife Compensation Program, Ministry of Environment, and the Muskwa-Kechika Advisory Board (M-KAB) to explore cost sharing possibilities for the Gataga clean- up. NEBCWF also connected with other organizations for funding and project support and reached out to Kaska Dena Council, Kwadacha Nation, and Daylu Dena Council to engage them for interest. The NEBCWF received support letters from all three Indigenous Communities as well as the NEBCWF executive, M-KAB, and the Wild Sheep Society of British Columbia. In addition, NEBCWF itself donated to this project and notified local outfitters (when able to get a hold of them) of project timing so as not to interfere with their activities.

In early July 2021 Fabled Copper's crew began to work in the area and were notified about the legacy camps and fuel barrels in the Bronson area. Peter Hawley, President, CEO visited the site in early August 2021 and this is what he had to say, (CLICK HERE).

This led to a meeting with Jim Fulton, NEBCWF President and Peter Hawley while he was a site, see Photo 1. Jim was presented with a complete inventory of all materials left behind at the site by Windermere Exploration in 1971 that was documented. See Photo 2

PHOTO 1 - P. HAWLEY, LEFT; JIM FULTON, RIGHT

PHOTO 2 - LEGACY 1971 INVENTORY LEFT BEHIND

In addition, Fabled Copper pledged its support to clean up the sites by supplying helicopter time for manpower and slinging loads.

The final clean-up began on August 6, 2022, with the involvement of several area businesses and non-profits supporting the NEBCWF.

Though managed by the NEBCWF, this initiative involved several local businesses and non-profits who aided with logistics, labor, equipment, funding, and transportation. The WSSBC obtained and provided $75 000 in funding which was matched and exceeded by the following participants: Fabled Copper Corp., North Country Projects Ltd. (NCPL), Shifting Mosaics Consulting (SMC), Northern Fire WoRx Corp. (NFWRx), Stone and Folding Mountain Outfitters, and Qwest Helicopters (Qwest). The Northern Rockies Regional Municipality (NRRM) also contributed to the clean-up through waiving dump fees for the associated waste.We acknowledge the financial support of the Province of British Columbia.

The legacy Gataga clean-up began on August 6, 2022. To reduce transportation costs, NEBCWF crew camped in the area for three nights while sorting waste from the identified clean-up sites into piles for transport and disposal. Wood waste was burned on site (following the regulations) and metal waste above a certain length was cut into smaller pieces for easier transport. Piles were not more than 2m x 3m at any time. (PRESS HERE for video)

PHOTO 3 - NEBCWF crew cutting pipes for easier transport. Photo: T. Fulton, August 2022.

PHOTO 4 - Sorted waste ready for transport and disposal. Metal waste (R) is netted for helicopter slinging. Photo: T. Fulton, August 2022.

An AStar helicopter forwarded waste piles (PRESS HERE for video) to a central clean-up site where they were packaged and netted in preparation to be long-lined directly to the Mile 113 staging off the Alaska Highway using a larger 205 helicopter.

Crews utilized "super nets", which enabled the helicopter to transport up to 39 fuel drums at once, minimizing the number of trips required with the 205.

At the Mile 113 staging, NCPL, Qwest, SMC and NFWRx staff loaded waste onto trailers and trucked it to the Fort Nelson dump for disposal. See Photo's 5 & 6 for before and after clean up. Photos 7,8,9 of material removed and final crew.

PHOTO 5 - prior to clean-up, showing abandoned fuel drums and other waste piles. Photo: T. Fulton, August 2022.

PHOTO 6 - Project area post-clean-up with previous locations of waste and burn piles visible. Photo: T. Fulton, August 2022.

PHOTO 7 - Fuel drums were loaded onto flat deck trailers at the Mile 113 staging for transport to the Fort Nelson dump. Photo: S. Neudorf, August 2022

PHOTO 8 - Various waste was deposited by hand into the dumpster at the Mile 113 staging Photo: S. Neudorf, August 2022

PHOTO 9 - 2,360kgs of fuel drums were removed from the Gataga River Basin to the Fort Nelson dump. Final handling crew included: SMC, NFWRx, NCPL, and Qwest. Photo: S. Leverkus, August 2022.

The type of contamination and garbage dumping that lead to the waste in the Gataga River basin should no longer be taking place in the region. In addition to wider policy change over time, companies such as project-partner Fabled Copper Corp are working diligently to ensure effective stewardship of the lands they develop. Non-profits such as WSSBC are dedicated to conserving valuable wildlife habitat in Northeast BC and it has been very effective and efficient to work in collaboration with them. As such, after the clean-up of the identified sites, we hope to focus attention in the surrounding basins and watersheds to decrease the risk of this type of pollution occurring in the area again.

Fabled Copper is a junior mining exploration company. Its current focus is to creating value for stakeholders through the exploration and development of its existing copper properties located in northern British Columbia. The Muskwa Project comprises a total of 76 claims in two non-contiguous blocks and totals approximately 8,064.9 hectares, located in the Liard Mining Division in northern British Columbia.

Mr. Peter J. Hawley, President and C.E.O. Fabled Copper Corp. Phone: (819) 316-0919 peter@fabledcopper.org

For further information please contact:

The technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

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The demand for copper is expected to grow a whopping 600 percent by 2030, according to Goldman Sachs. However, the estimated 5.4 million tons in expected demand will not be met without new production. This anticipated supply gap has pushed copper prices to all-time highs including copper price estimates as high as C$5.25 per pound for the end of 2021, according to CIBC.

The exploding demand for copper stems from the fact that it is the most widely used metal in renewable energy and is considered a cornerstone for all electricity-related technologies, according to IEA. Its unique electrical conductivity places it above other metals such as aluminum, nickel and zinc. The recent all-time high prices of copper coupled with further price growth make copper investments a highly attractive opportunity for investors.

Fabled Copper (CSE:FABL) is well-funded, the recently announced 6 million dollar financing was oversubscribed and resulted in the financing closing at 6.9 million. Fabled Copper Corp is an early-stage exploration company focused on exploring, identifying and acquiring copper in highly prospective regions in Canada and through the use of its cutting-edge technology. The company is led by a strong management team with over 20 decades of combined experience and proven track records in mining, exploration and financing.

Fabled Copper is the result of increasing shareholder value from its parent company Fabled Siler Gold by becoming a public company to explore its copper assets.

The company is now under a new and highly experienced management team, including current management members of SSR Mining Inc. (TSE:SSRM) and GFG Resources Inc. (CVE:GFG) and a co-founding member from Niogold Resource Corporation (CVE:NOX) which is now known as Osisko Mining (TSE:OSK).

Fabled Copper owns multiple claim blocks in northern British Columbia, including Davis-Keays, Churchill Copper, Fort Reliance, David-Keays North (Okey), Bronson, Windermere and Toro-Churchill. All of the company’s claims are located near the town of Fort Nelson in a world-class and mining-friendly jurisdiction with significant historical copper production on the copper belt.

The company’s project includes impressive copper reserve estimates and grades with limited historical exploration. Copper reserves are estimated to be as high as 1,424,007 tonnes with grades as high as 10.2 percent across all of the company’s BC properties.

The company’s claims in British Columbia are located near several producing mines and deposits. Located near the decommissioned Bell Mine that was previously owned by Glencore PLC (LON:GLEN), the Bell mine has historically produced 667 million pounds of copper, 0.4 million ounces of gold and 2.2 million ounces of silver.

Fabled Copper has a strong foundation for growth with the use of its cutting-edge technology and modern exploration tools for expanding the known mineralization zones. The company believes there is significant blue sky potential based on positive diabase mapping results. The company is confident that the size of the historical resource will increase with systematic exploration. The company also has strong support from First Nations communities which is crucial to the development of any mining program.

Fabled Copper recently closed an oversubscribed financing round of C$6.9 million, despite a goal of only C$6 million. The company plans to use its strong cash position to fund operations on its projects, including helicopter support, field crews, sample assays, drone surveys, compilation work and working capital and general corporate purposes.

Fabled Copper has already completed extensive exploration work, including GIS compilation, satellite imagery interpretation and localized field observations on the Toro property. The company has also integrated historical mapping from 1970 with high-resolution satellite imagery on the Bronson property which led to a new diabase interpretation. Fabled Copper has also completed a sample catchment basin analysis, regional targeting and regional airborne geophysics to define the target mapping area.

Fabled Copper is in the process of conducting further field and exploration work on the British Columbia properties and drilling work on the Mexico property. The company has deployed a field crew of 10 people, including geologists and geophysicists in British Columbia who are sampling, mapping and conducting drone work on both pre-existing and potential new copper occurrences and deposits. A property scale airborne gravity survey is also being considered for targeting purposes.

The company plans to begin a drilling program on the BC properties in the summer of 2022 based on the sample results from the 2021 exploration program regarding drill collar locations. Moving forward, the company plans to release footage and assay results from exploration to drilling as they are obtained.

The Muskwa property is composed of three separate claim block which are Neil, Toro and Bronson.

The Neil vein has been traced over a strike length of 1185 metres and a vertical extent of at least 579 metres. The vein has only been examined part way down the mountain and appears to continue another 1000 metres to the valley floor. The vein follows a northeast trending shear which is approximately 1100 metres long, 30 metres wide and 1500 metres vertical.

The Toro-Churchill district property consists of the Toro, John, Ho and Churchill veins. The Toro vein contains copper grades of 2.95 percent. The Toro vein width was measured at 2.4 metres, a minimum length of 1,830 metres and a minimum vertical extent range of 500 to 1,000 metres. The Churchill vein contains copper grades of 1.5 percent and could be an extension of the Toro vein which is 3,000 metres north. The Churchill vein width was measured at 3.91 metres and a minimum length of 3,000 metres. There are also four unexplored veins in the Toro area.

From 1967 to 1969, previous owners conducted underground drilling and development which led to a proven and probable mineral reserve of over 1 million tonnes and copper grades of 3.92 percent including a 20 percent dilution factor. From 1970 to 1975, development led to the production of 14,673 tonnes of recovered copper. The copper was extracted from 498,132 tonnes of milled ore which established a copper grade of 2.95 percent. It was estimated that only 42 percent of the original reserve estimate was mined when the mine closed.

The property has copper grades of 8.8 percent, gold grades ranging from 0.34 to 0.68 percent and silver grades ranging from 3.4 to 6.8 percent based on rock sampling. However, a historical sample on the property found copper at 18.9 percent and cobalt at 0.295 percent with historical grab samples indicating copper as high as 42 percent.

The main vein on the Bronson district property is Bronson. The copper grades found on the property were 9.2 percent based on 18 samples from eight veins. The Bronson vein width was measured at 1.43 metres and a minimum length of 1,400 metres. There are also eight other unexplored veins.

The property was previously assessed in 1991 in which potential copper grades were estimated to be 2 to 3 percent of 13,600,000 tonnes of copper. The previous assessment included potential gold grades up to 5.83 gpt and potential silver grades up to 116.6 gpt.

The main veins on the David-Keays district property include Eagle and Harris. The Eagle vein includes historical reserves of 1,424,007 million tonnes of copper at 3.42 percent grades above the 6400 level. The Eagle vein width measured at 2 metres in width, a minimum length of 1200 metres and a minimum vertical extent of 427 metres. The Eagle vein is also characterized as quartz-carbonate with chalcopyrite mineralization. The Harris vein has copper grade ranges from 3.77 percent to 7.73 percent. The Harris vein width measured between 1.25 to 2.25 metres and a minimum length of 150 metres. There are also 18 unexplored veins on the David-Keays property.

The historical indicated reserve on the David-Keays property is 3.7 million tonnes at a 2.5 percent cut-off grade of copper. The estimated reserve on the property is 1.4 million tons with grades of 2.5 percent copper. Historical sampling on the property in 1992 found copper as high as 24.32 percent in the Eagle vein.

The main vein on the Churchill Copper district property is Magnum measured at 2.4 metres in width, a minimum length of 853 metres and a minimum vertical extent of 365 metres. Mined ore on the property is 498,000 tonnes with copper grades of 3 percent. Historical reserves of copper are 1,068,674 tonnes with grades of 3.92 percent.

The property was mined from 1970 to 1973.

The main vein on the Fort Reliance district property is the Reliance vein. Historical reserves include 214,000 tonnes at grades of 5.5 percent. The Reliance vein width was measured at 2 metres.

Drilling conducted in 1973 on eight holes on the property revealed 3.4 percent of copper over 1.5 metres.

The main vein on the David-Keays North (Okey) district property is Neil. The vein width was measured at 3 metres, a minimum length of 1,186 metres and a minimum vertical extent of 380 metres.

The breccia found on the property was observed in 1971 with copper grades of 4.8 percent. Historical work involving trenching over 40 metres revealed IOGC Breccia with copper grades of 8 percent. In 1990, it was estimated the potential economic grade was 1,235,000 tonnes.

Fabled Copper traced the Neil vein over a strike length of 1185 metres and a vertical extent of at least 579 metres. Assays from a deep trench that cross-cuts the Neil breccia showed a copper grade range from 3.4 to 10.2 percent. Exploration conducted by the company, including a high-level MAG survey on the property which found structural blocks and a deep-seated magnetic body with shallower linear bodies and dykes.

Peter Hawley is the co-founder of Fabled Copper which is now Fabled Silver Gold Corp. Hawley is also the founder of Scorpio Mining Corporation (renamed Americas Gold and Silver Corporation). Hawley is also the founder of Scorpio Gold which is a Nevada open pit gold producer. Hawley is also a co-founder of Niogold Resource (renamed Osisko Mining). He has over 35 years of mining industry experience that spans grassroots exploration through to development and production.

David Smalley is a corporate finance and securities lawyer who has practiced for 28 years. He has been a director and officer of public companies for over 19 years. Smalley was one of the founders of Canaco Resources.

Luc Pelchat is the founder and president of the Canadian Chamber of Commerce in North Mexico. Following 24 years with a Canadian multinational company operating in the construction industry, Pelchat formed a number of his own companies and has realized multiple projects in the construction industry in Mexico.

Louis Martin has been a major contributor to the co-discovery of several gold and base metal deposits during his more than 35-year-long career working for major, mid-tier and junior mining companies. His experience includes exploration and development roles throughout Quebec, Ontario and British Columbia. Martin has been fortunate to be part of the exploration teams that were awarded the Discovery of the Year by the AEMQ (Quebec Mineral Exploration Association) for the West Ansil Deposit (2005) and the Louvicourt Deposit (1989). He brings a wealth of technical experience that spans from generating and managing projects, to advanced project studies and mine development.

Pat Donovan is a retired geologist with over 30 years of experience in mineral exploration and project development. Donovan is a former director of the Prospectors and Development Association of Canada. He was the Vice President of Corporate Development with Detour Gold Corp.

From 1991 to 1996, he was responsible for all Québec exploration activities at Placer Dome Canada. From 1999 to 2006, Donovan managed advanced exploration projects, including Tulawaka and Buzwagi, in Tanzania with Barrick Gold Corporation. From 2006 to 2008, Donovan managed and delivered positive feasibility studies for both the Chinese and Canadian requirements at Hunter Dickinson Inc. He worked on the Xietongmen copper-gold project in Tibet, China for Continental Minerals Corporation. Donovan also previously worked for Consolidated Trillion Resources Ltd. during which he managed all exploration programs in Zimbabwe. He is also a graduate of St. Francis Xavier University with a major in Geology.

Brian R. Booth brings more than 30 years of experience in mineral exploration throughout Canada, Europe and Southeast Asia. Brian was previously CEO and board member of Pembrook Copper Corp., where he developed the copper resource at Pecoy in Peru. He also served as the CEO, president and director of Lake Shore Gold Corp., where he completed an acquisition of the Bell Creek mine and mill and led the team that discovered the Timmins West, Thunder Creek and Bell Creek deep deposits. Booth began his career as a geologist on the Casa Berardi gold discoveries in Quebec. He opened Inco's exploration office in Val d'Or, Quebec and is credited with the discovery of the Douay West gold deposit in 1990 and was subsequently appointed to the board of Societe D'Exploration Miniere Vior Inc. In 1994, as Inco's Manager Exploration in Eastern North America, he conducted the preliminary assessment of the Voisey's Bay Ni-Cu-Co discovery. Booth later managed Inco's exploration office in Jakarta and was involved, through a JV with Highlands Gold, in the discovery of the Beutong copper-porphyry in Sumatra. He holds a B.Sc. in Geology from McGill University and is also a member of the Professional Geoscientists of Ontario. Booth is also a director of SSR Mining Inc. and GFG Resources Inc.

Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL)(FSE:XZ7) announces that it has received preliminary data from the 2002 underground LIDAR Survey conducted in August 2022 on its Muskwa Copper Project. See Figure 1 below

Figure 1 - General Property Location

The Muskwa Project is comprised of the Neil Property, the Toro Property and the Bronson Property located in northern British Columbia. See Figure 2 below.

Peter Hawley, President, CEO reports; " It has been a pleasure working with the CAN Office of Applied Research and Innovation with this ground breaking underground LIDAR survey on the Muskwa Project and look forward to the next stage once all surface and underground point clouds have been meshed together."

The object of the underground LIDAR survey was to develop and test a work flow process for the use of autonomous UAV systems or mounted systems to create and continuously update an as-built 3-D model oof the underground development of the Eagle and Harris veins specifically levels 6400' and 6950' of the Eagle deposit using "Simultaneous Localization And Mapping (SLAM) optimization methods to create a 3D point cloud data set.

A less that 10 cm georeferenced accuracy was accomplished in past process trials. The output data will be available in .las, .csv, or .ply format with all files georeferenced.

The exynpak and geoslam discovery pack systems, note books and geomatics surveying equipment such as robotic total station, YPS backsight, RTK GPS system, etc..

From August 1 to August 5, 2022, CNA Office of Applied Research and Innovation (OARI) employees Blair Bridger, Charlie Dalton, and Dr. Gary Thompson were at Fabled Copper's Muskwa mine site in northern British Columbia.

The purpose of this trip was to test whether Mobile Mapping Systems (MMS) could be used to generate an accurate georeferenced dense point cloud of old underground workings. The resulting 3-D model would then be used to collect geospatially referenced samples for assay, which then could be used to generate a 43-101 compliant resource. The MMS used were the GeoSLAM Zeb Horizon and the ExynPak, in both the Eagle vein and the Harris vein.

The initial plan was to install control points inside the Eagle Vein using traditional survey techniques and use these controls points to geo-reference the collected scan data. This proved to be impossible due to ice buildup in the first 100 m of the adit that reduced the effective height to less than 1.3 m.

The total station used and to establish control points it requires a minimum of 1.5m to operate. To overcome this issue, control was established outside the entrance of the Eagle vein and used to geo-reference an initial scan that subsequent scans would be aligned with during post-processing. This same procedure was applied to the Harris vein.

Photo 1- 6400 Level portal base stations set up

Figure 3 - 6400 Level LIDAR Survey at Audit, note definition of portal base station set ups

A total of 913.93 meters horizontally was surveyed at the 6400 level of the Eagle Vein. See Figure below.

Figure 4 - Plan View of LIDAR Survey of 6400 Level, Eagle Vein

During post-processing, the team encountered some issues when aligning subsequent scans of the Eagle vein to the first georeferenced scan. The scans were roughly aligned manually in Veesus's Arena4D software, and a fine registration algorithm was run in the same software.

It was found that a combination of manual and automated registration was most effective for this application. While the registration is not perfect the error observed should not be an issue when identifying coordinates of drill targets.

In areas measured, the maximum error was 3.61 cm. Had there been no ice buildup on the interior floor of the mine, a traverse could have been run, placing coordinated points throughout the vein. This would have greatly improved both the accuracy and efficiency of registration, and should the opportunity arise, this is the method that will be used in future scans.

The Harris vein was able to be completed in one georeferenced scan, so there were no alignment issues present as can be seen by the high-resolution shots below in Figures 5 and 6.

Figure - 5 2021 Photo of end of drift Location, Figure - 6 2022 Same underground Location by LIDAR

In preliminary processing, it was found that mineral veins are partly visible in the scans as seen below. Note comparison between photograph and LIDAR scan at same location showing the strike and dip in Figure 7.

Figure 7 - 6400 Eagle Vein with exact GPS location.

Below in Figure 8 the copper bearing vein is clearly visible on the back or roof by LIDAR on the 6400 level of the Eagle Vein with the exact location of mineralization plus structures at an accuracy of 3.61 cm.

Below in Figure 9 the mineralized veining continues to be visible on the back or the roof of the 6400 level but as seen by the GPS coordinates this location is 248.012 meters East and 172.39 meters north with an elevation change of plus 1.99 meters from the shot in Figure 8.

Figure 10 is at the bottom of the adit entrance of the 6400 level. Note the ladder for reference. Press HERE for LIDAR video of entrance into the adit and the first part of a two parts LIDAR survey thru the level.

In closing, using this cutting-edge technology and now having the 3-D point cloud we can integrated this with our surface UAV drone missions over the Davis Keays Eagle Vein plus add our 2021 and 2022, sampling results, structural mapping and geophysics.

The Company will keep the shareholders informed as data becomes available.

Analytical results of sampling reported by Fabled Copper Corp represent rock samples submitted by Fabled Copper Corp staff directly to ALS Chemex, Vancouver, British Columbia Canada. Samples were crushed, split, and pulverized as per ALS Chemex method PREP-31, then analyzed for ME-ICP61 33 element package by four acid digestion with ICP-AES Finish. ME-GRA21 method for Au and Ag by fire assay and gravimetric finish, 30g nominal sample weight.

For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:

Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample.

Ag-GRA21 Ag by fire assay and gravimetric finish.

Fabled Copper Corp. monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.

Mr. Peter J. Hawley, President and C.E.O.

Fabled Copper Corp. Phone: (819) 316-0919 peter@fabledcopper.org

For further information please contact:

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

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Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL)(FSE:XZ7) announces that from mid-June - Early September 2022 they were successful in securing 4 adit entrances on its Muskwa Copper Project. See Figure 1 below

Figure 1 - General Property Location

The Muskwa Project is comprised of the Neil Property, the Toro Property and the Bronson Property located in northern British Columbia. The Neil Property was the location of the various adits secured during 2022. See Figure 2 below.

Peter Hawley, President, CEO reports; " We at Fabled Copper Corp are continuing to work diligently to ensure effective stewardship of the lands by securing open adit entrances which could be a potential hazard not only to the guide and outfitter of the area but also wildlife. By taking this approach not only do we prevent a potential accident but also secure the historical adits in case access is required at a future time."

"As always Fabled Copper acknowledges that the Muskwa project occurred on lands and in watersheds of importance to Kaska, Fort Nelson First Nation, and Treaty 8 Nations. We are honoured to share responsibility for the stewardship of these places."

From mid-June - early September 2022 the Fabled crew worked on the cleaning and rehabilitation of 4 adits entrances

A 1 tonne mini-excavator was slung into and moved around by a 205 helicopter during the moves. See Photo 1 below.

Photo 1 - Excavator Move by Helicopter

The first of the 4 adits worked on was the Davis Keays Eagle Vein 6400 level, followed by the Eagle Vein 5950 level, the 5800 level of the Harris vein and then the final adit for the season, the Magnum 5200 level.

Davis Keays Eagle Vein 6400 Level

The initial snow clearing began in mid-June as at the 6,400-foot elevation the spring melt had not begun at that time. See Photo 2 below.

Photo 2 - 6400 Level Snow Removal.

Once all the snow was removed from all exposed rock faces including the back or the roof of the entrance of the adit, all were then mechanically scraped to remove all loose debris that could pose a safety hazard and two munster heaters were placed in the entrance to melt the ice plug. See Photos 3-4 below.

Photo 3 - Cleaning 6400 level adit

Photo 4 - Heaters in Entrance

While the ice plug was thawing out, the base at the entrance was constructed and a tower built to clear future snow falls and a door with lock installed, see Photo's 5,6 and 7 below.

Photo 5 - Base Being Constructed

Photo 6 - Tower Being Constructed

Photo 7- Final door installed on Davis Keays 6400 level.

Davis Keays Eagle Vein 5950 Level

The excavator was then slung by a 205 helicopter to the Davis Keays 5950 level at a lower elevation and the same process was performed. See Photo's 8-11 below.

Photo 8 - Snow at Audit Entrance 5950 Level

Photo 9 - Back / Roof Inspection of 5950 Level

Photo 10 - Wood Timber Supporting the Roof / Back of the Adit Entrance

Photo 12 -Final door installed on Davis Keays 5950 level.

The excavator was then moved by helicopter to the Harris Adit location and once again the same process was completed. See Photos 13 and 14 below.

Photo 13 - 5800 Level Harris Vein Adit Before

Photo 14 - 5800 Level Harris Vein Adit After

Once again, the excavator was move by helicopter to the Magnum Mine 5200 level adit and the same procedure was done once again. See Photos 15 and 16 below.

Photo 15 - 5200 Level Magnum Mine before

Photo 16 - 5200 level magnum Mine After

In closing, this major undertaking which not only included the slinging of the excavator by helicopter but also all the wood and metal to support building the adit closures was done under budget and on time. The first priority is to look out for the safety of our workers and to prevent any potentially dangerous situations to people and wild life.

Mr. Peter J. Hawley, President and C.E.O.

For further information please contact:

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

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Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL)(FSE:XZ7) announces the completion of the 2022 field exploration programs on its Muskwa Copper Project. See Figure 1 below

Figure 1 - General Property Location

The Muskwa Project is comprised of the Neil Property, the Toro Property and the Bronson Property located in northern British Columbia. See Figure 2 below.

Peter Hawley, President, CEO reports; "The 2022 exploration program was designed to focus on areas we studied last year, test structural theories with respect to new predictable of mineralized areas which has resulted in discoveries plus advance certain areas with respect to a potential 43-101 status at the end of 2023."

Well over 250-person field days were spent on the property during the season and below we will briefly discuss each of the 11 items executed this summer. As results are received and compiled timely news release will be made public with respect to their findings.

One-meter-long rock hammer for scale on gossan brown color copper showing.

All samples were documented, photographed and geotagged for future reference.

The above photo taken during the season shows the size of the grizzle paw prints next to a 20-inch-long VLF Electromagnetic instrument while performing a geophysical survey.

Safety First, all personal carried bear mace, whistles, bear bangers and bear gun for groups.

The above photo taken from a video clip of a UAV drone mission over the Toro Vein copper structures as seen in the mountain wide dark copper mineralized banding.

It is now known certain structure orientations are required for copper mineralization.

Security is always our priority.

The results from the Eagle Vein and Harris LIDAR will be discussed in detail with video footage in the near future

Historical drill core was located, documented and examined.

Fabled Copper participated in the 2022 legacy clean-up of 2,360kgs of fuel drums and 1,896kgs of waste material that were removed from the Gataga River Basin to the Fort Nelson dump. Final handling crew included: Shifting Mosaics Consulting, Northern Fire Worx Corp, North County Projects Ltd and Qwest. Photo: S. Leverkus, August 2022. We acknowledge the financial support of the Province of British Columbia.

In March 2022 the Company applied for a 15-drill pad, 3 holes per pad good for 5-year drill permit to Department of Mines, Permitting. In July, bonding was requested and was posted. At present, the Inspector of Mines, Permitting and the First Nations are in consultation.

In closing, we will release 2022 field results as they are received and compiled, plus the plans for 2023 as they become available.

For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:

Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample.

Ag-GRA21 Ag by fire assay and gravimetric finish.

Fabled Copper Corp. monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.

Mr. Peter J. Hawley, President and C.E.O. Fabled Copper Corp. Phone: (819) 316-0919 peter@fabledcopper.org

For further information please contact:

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

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Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL)(FSE:XZ7) announces additional results of 2021 surface field work on its Muskwa Copper Project. See Figure 1 below

Figure 1 - General Property Location

The Muskwa Project is comprised of the Neil Property, the Toro Property and the Bronson Property located in northern British Columbia. See Figure 2 below.

Peter Hawley, President, CEO reports; " To date we have reported on the geology and sampling on the numerous copper occurrences on the Neil and Bronson Properties in addition to the geophysical and UAV Drone missions. We now would like to report on our findings on the Toro Property conducted during the 2021 summer field season. See Figure 3 below

Figure 3 -Toro Property, Copper Occurrence Locations

The Toro property is underlain by interbedded dolostone and slatey argillites of the Proterozoic Aida Formation and red‐weather siliciclastic sandstones and conglomerates of the unconformably overlying Cambrian Sylvia Formation. East of the main Toro mineral occurrences clastic sedimentary rocks of the Tuchodi Formation occur. Cambrian stratigraphy occurs predominantly within the western half of the property and Proterozoic stratigraphy in the east.

The Proterozoic sedimentary rocks are cut by several large, NNE‐trending diabase dikes which, in the western area of the showings, are truncated and unconformably overlain by varicolored clastic Cambrian strata of the Sylvia Formation (Preto, 1971). Taylor et al (1973) interpreted a major northwest‐ trending southwest‐dipping thrust fault to be located approximately one kilometer northeast of the property.

Copper mineralization occurring in the quartz‐carbonate veins appears to be highly variable and discontinuous. Preto (1971) suggested that the better mineralized veins are older than the dikes, occurring either as inclusions inside dikes or as panels along or near the sides of dikes. See Photo 1 below.

Photo 1 - Toro Property, Ho Copper Occurrence Diabase Dike

The Toro claims encompass four mineral occurrences summarized below with information from the B.C. Minfile. The main showings outcrop on top of a 2,438 meter high north‐south trending ridge. The remnants of an old helicopter pad on the ridge top and other old workings are still visible. See Figure 4 below.

The Ho and John Occurrences and Target 11 Anomaly on the Toro Property were prospected over 5 days and thirteen samples of float were collected and assay results are presented in Table 1and copper assay values are displayed on Figure 5 below.

Figure 5 -Toro Property Copper Assay Values

A prospecting traverse was started on the west branch of the Churchill Creek and continued up‐slope along an old dozer switchback trail to within 65 meters, at a slope of 37 degrees, of the Ho Vein. The vein is exposed on a northeast trending rock face at an altitude of ~ 1,400 meters. Five examples of quartz‐carbonate float (D-723211 to D-723214), with copper mineralization and shale‐siltstone fragments, were sampled at elevations of 1,166 to 1,365 meters. See Photo 2, Table 1 below.

Photo 2 - Toro Property, Ho Copper Occurrence, 0.66% copper

Four of the five samples contained 1.16 to 1.46 % copper and the fifth sample (D-723210) collected the farthest from vein exposure, at the lowest elevation, assayed 0.66% Cu. The five samples contained 1 to 5 % chalcopyrite, abundant malachite and trace bornite. See Photo 3, Table 1 below

Photo 3 - Toro Property, Ho Copper Occurrence, 1.33% copper

Target 11 is comprised of 2 anomalies located 1 and 1.35 km. north of the exposure of the Ho Vein and the downslope area east of the anomalies was prospected and five samples(D-723517 to D-723521) of float were collected at elevations of 1,111 to 1,154 meters.

The highest copper content (0.97 %) was found in sampleD-723518 which was comprised of weathered wacke with quartz‐sulphide (1 % chalcopyrite and trace azurite and bornite), See Photo 4, Table 1 below.

Photo 4 - Toro Property, Target 11 Occurrence, 0.97% copper

Samples D-723517, 520 and521, of quartz‐carbonate veining with shale‐ siltstone fragments, minor chalcopyrite and trace amounts of bornite, contained0.11, 0.30 and 0.38 % Cu, respectively. A sample (D-723519) of wacke, with 3‐5 % pyrite, assayed low in Cu (0.005%).

While prospecting the anomalies of Target 11 an exposed quartz vein was seen upslope to the west and the helicopter placed the crew upslope and 2 quartz veins, striking ~ 355 degrees at an altitude of 1767 meters, were observed across an east trending ravine to the north. These veins lie 1.10 kilometers north along strike of the Ho Vein exposure.

The John Occurrence wasn't found or seen in outcrop while prospecting a valley and a valley‐old switchback dozer trail, east and northwest, respectively, of the supposed location of the occurrence.

Three examples (samples D-723470‐472) of quartz‐carbonate float were collected at elevations of 1,693 to 1,783 meters. These samples contained no sulphide content and assayed low in Cu (0.006‐0.01 %).

The locations of the Toro and Churchill Occurrences were overflown and the Toro veins and some old workings were observed from the air, but rough terrain and lack of climbing aids prevented prospecting in the area. The plotted location of the Churchill Occurrence was also overflown but no veining or Cu alteration was observed.

In summary, a total of 13 samples were collected across the Toro property in 2021 with grades ranging from sub anomalous to 1.46% copper. Cobalt values were significantly anomalous at the Ho occurrence.

Anomalous barite was characteristic of samples collected at the John occurrence. Manganese is also anomalous in samples from both the John and Ho occurrence.

Table 1 - Toro Property Copper Occurrences Samples

All samples taken were photographic and a GPS location taken, plus a metal sample tag left in place for future reference if required. All this data plus the assay results were geotagged and placed in a .kml /.kmz file for use such as google earth for easy reference. See Photo 5 below.

Photo 5 -Toro Occurrence, Geotagged data

In closing, mineralization encountered within the Toro claims consists of copper‐bearing quartz iron carbonate veining hosted in Proterozoic carbonates.

A spatial correlation exists between this vein‐hosted mineralization and the presence of Neoproterozoic diabase units. No data currently exists demonstrating a temporal relationship, however given the spatial coincidence of the two features and exploitation of similar structures, it is plausible they are genetically related and this will be examined during the 2022 field season.

For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:

Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample.

Ag-GRA21 Ag by fire assay and gravimetric finish.

Fabled Copper Corp. monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.

Mr. Peter J. Hawley, President and C.E.O. Fabled Copper Corp. Phone: (819) 316-0919 peter@fabledcopper.org

For further information please contact:

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

News Provided by ACCESSWIRE via QuoteMedia

Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL; FSE:XZ7) announces additional results of 2021 surface field work on its Muskwa Copper Project. See Figure 1 below

Figure 1 - General Property Location

The Muskwa Project is comprised of the Neil Property, the Toro Property and the Bronson Property located in northern British Columbia. See Figure 2 below.

Peter Hawley, President, CEO reports; " The Bronson property comprises 4 mineral tenures covering approximately 2,524.6 hectares and to date, we have reported on the Book 6 UAV drone mission, surface sampling, geophysical survey, structural survey and ASTER compilation. In addition, we have reported on the Book 9 and 10 which may be the southern extent of the Book 6, the sampling on the 428 central , the 428 South, the PJ 100 and PJ 105 copper occurrences and now the last occurrence worked on the Bronson copper occurrence during the 2021 field season. See Figure 3 below."

Figure 3 - Bronson Property, Bronson Occurrence Location

The area containing the Bronson Occurrence was prospected on July 19 and August 3, 2021 and while overflying the occurrence an old adit and 3 veins, to the north-northeast, were observed along a near vertical trending cliff face. The adit was probably excavated to provide platforms for underground drill stations. See Photo 1 below

Photo 1 - Bronson Property, Bronson Copper Occurrence

On August 3, 2021 in the valley located north and downslope of the ridge hosting the adit, 4 examples of quartz-carbonate float were collected. Sample D-723404 was taken from a large piece of float (1 meter by 0.5 meters) that was located 500 meters north-northwest of the adit at an elevation of 1837 meters. This sample was mineralized with 6% chalcopyrite and 1% bornite and had a copper content of 8.17%. See Photo 2, Table 1 below.

Photo 2 - Bronson Copper Occurrence, Sample # D-723404 - 8.17% Copper

Three samples, D-723411-413, collected in the east end of the valley, upslope from sample D-723404 at elevations of 1,886-1,946 meters, contained a pyrite concentration of trace to 10% and trace copper (

The broad, east-northeast valley, south of the adit and veining, was prospected on July 19 and August 3, 2021. On a cliff face the position of an old drill pad was observed at an elevation of 2,247 meters, see Photo 2 below.

Photo 2 - Bronson Property, Bronson Copper Occurrence

A highly mineralized (25-35% chalcopyrite, 1% bornite & Co bloom) float sample D-723398 was collected, assaying 23.1% copper and 36.5 g/t silver, see Photo 3 and Table 1 below.

Photo 3 - Bronson Copper Occurrence, Sample D-723398 - 23.10% Copper, 36.50 g/t Silver

In a north-northeast trending valley off of the property, 150 meters south of the southwest corner an old campsite was visited on Aug. 3, 2021 Old remnants of the old camp still remain and a small amount of old drill core was found at an elevation of 1735 meters. See Photo 4 below.

Photo 4 - Bronson Copper Occurrence, Old Drill Core

Table 1 - Bronson Property Bronson Copper Occurrence Samples

All samples taken were photographic and a GPS location was taken, plus a metal sample tag left in place for future reference if required. All this data plus the assay results were geotagged and placed in a .kml /.kmz file for use such as google earth for easy reference. See Photo 5 below.

Photo 5 -Bronson Occurrence, Geotagged data

For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:

Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample.

Ag-GRA21 Ag by fire assay and gravimetric finish.

Fabled Copper Corp. monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.

Mr. Peter J. Hawley, President and C.E.O. Fabled Copper Corp. Phone: (819) 316-0919 peter@fabledcopper.org

For further information please contact: info@fabledcopper.org

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

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Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) ("Barksdale" or the "Company") has finalized the extension of the maturity date of the secured convertible debentures ("Debentures") administered by Delbrook Capital Advisors Inc. (see new release dated September 6, 2022) by one year until December 31, 2023 ("Debenture Extension"). The Debentures have a remaining principal amount of $1,500,000 and all other terms of the Debentures remain unchanged except for the conversion price, which has increased to $0.55 per share from $0.45 per share.

Additionally, Delbrook and the Company have agreed to a debt for equity plan whereby approximately $99,166 of accrued interest will be exchanged for 206,595 units of the Company (the "Units"). Each Unit will consist of one common share of Barksdale (each a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder to acquire one Common Share at a price of $0.72 for a period of three years from the date of issuance. Any subsequent interest accrued under the Debentures shall be payable in cash in accordance with the terms and conditions of the Debentures.

In exchange for extending the Debentures, the Company has agreed to an extension fee of 2,777,777 common share purchase warrants, exercisable at a price of $0.72 for a period lasting up to December 31, 2023 ("ExtensionWarrants"). Should any part of the Debentures be repaid or converted prior to the maturity date, a pro-rata portion of the Extension Warrants will have their maturity date accelerated to the later of (i) one year from closing of the Debenture Extension, and (ii) 30 days after the date of repayment or conversion. The number of warrants issued as an extension fee has been increased from the original announcement, but the expiry date has been shortened to conform with TSX Venture Exchange ("Exchange") policy. The Company expects to close the Debenture Extension and debt for equity plan within the next seven days, subject to approval of the Exchange.

Barksdale Resources Corp. is a base metal exploration company headquartered in Vancouver, B.C., that is focused on the acquisition, exploration and advancement of highly prospective base metal projects in North America. Barksdale is currently advancing the Sunnyside copper-zinc-lead-silver and San Antonio copper projects, both of which are in the Patagonia mining district of southern Arizona, as well as the San Javier copper-gold project in central Sonora, Mexico.

ON BEHALF OF Barksdale Resources Corp Rick Trotman President, CEO and Director Rick@barksdaleresources.com

Terri Anne Welyki Vice President of Communications 778-238-2333 TerriAnne@barksdaleresources.com

For more information please phone 778-238-2333, email info@barksdaleresources.com or visit www.BarksdaleResources.com.

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 news release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes "forward-looking information" under applicable securities legislation including, but not limited to, the final terms and conditions of the Debenture Extension and debt for equity plan including the total number of Units and Extension Warrants to be issued and the terms thereof and the estimated completion date therefor. Such forward-looking information reflects management's current beliefs and is based on a number of estimates and assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information is neither a promise nor guarantee, and is subject to known and unknown risks and uncertainties including, but not limited to, delays in obtaining governmental, regulatory or third party approvals as well as general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets and lack of available capital. There are no assurances that the Exchange will approve the Debenture Extension and debt for equity plan on the terms contemplated herein or at all. In addition, there is uncertainty about the continued spread of COVID-19, the ongoing war in Ukraine and rising inflation and interest rates and the impact they will have on the Company's operations, supply chains, ability to access mineral properties, conduct due diligence or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All forward-looking information contained in this news release is qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. Accordingly, readers should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/140509

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Romios Gold Resources Inc. (TSXV: RG) (OTCQB: RMIOF) (FSE: D4R) ("Romios Gold" or the "Company") is pleased to report that field work in 2022 has expanded the known extent of mineralization at the TOE Zone on Romios' Trek Property in the Golden Triangle of NW British Columbia and continues to support an Eskay Creek or Kuroko VMS model for this untested high-grade Cu-Au-Ag-Sb target.

The geology and style of the high-grade mineralization at the TOE Zone are both very similar to the world class Eskay Creek Au-Ag deposit. The known extent of this mineralization was increased by 75% in 2022 and it is believed that there is room for substantial expansion as many of the showings trend off under overburden.

Photo 1: Typical mineralized sulphide horizon within basalts; >1 m wide gossan with a high-grade core

To view an enhanced version of Photo 1, please visit: https://images.newsfilecorp.com/files/5376/140410_c2a9bc10f471d836_002full.jpg.

Romios' VP of Exploration Mr. John Biczok, P. Geo, commented, "The TOE Zone showings are high in metals like copper, zinc, lead, gold and silver which are found in typical VMS (volcanogenic massive sulphide) deposits while both the geological setting and the enrichment in an "epithermal suite" of metals such as antimony, arsenic +/- mercury are characteristic of the Kuroko or Eskay Creek VMS sub-types. Although it is still early days in our understanding of this exciting prospect, we are confident that the TOE Zone will develop into a high-potential drill target."

1) A series of narrow, high-grade Cu-Au-Ag-Pb-Zn-Sb sulphide horizons up to 1 m wide are found within the andesite / basalt units. The cores of these zones have returned assays from trace to highs of 2.2 g/t Au, 809 g/t Ag, 3.9% Cu, 2.7% Zn, 0.9% Pb, 539 ppm As, and 0.28% Sb (antimony) over widths of 15 to 25 cm (see Photo 1 and Map 1). 2) Thick units of gossanous felsic volcanics occur in a belt NW of the mafic volcanics and the widest of these returned assays of 1.5 g/t Au, 65 g/t Ag, 480 ppm As and 0.13% Cu over 4.0 m (Photo 2).A 1.0 m wide sample collected from the centre of this aforementioned zone in 2021 assayed 2.3 g/t Au, 82 g/t Ag, 556 ppm As and 1.24% Cu with no visible copper mineralization. This zone is highly weathered at surface and the grades may well be higher in fresher rock at depth. 3) A highly mineralized quartz vein near the felsic volcanics assayed 3.0 g/t Au, 373 g/t Ag, 2.3% Cu, 0.25% Pb, 0.23% Sb, 0.96% Zn across 0.25 m. Scattered veins of coarse-grained massive pyrite are also mineralized; one 0.1 m vein assayed 0.85% Cu, 0.27 g/t Au and 17 g/t Ag.

Stephen Burega, President and CEO, stated, "We are very encouraged by the latest results from the TOE Zone, especially given its close proximity (600 m) to our Trek South porphyry Cu-Au-Ag target, which is Romios' current primary focus in the Golden Triangle (see Romios press release September 29, 2022). This is one of several historic high-grade showings on Trek that we expect to include in the anticipated future drill program at Trek South."

Map 1: TOE Zone general geology and 2022 assays

To view an enhanced version of Map 1, please visit: https://images.newsfilecorp.com/files/5376/140410_c2a9bc10f471d836_004full.jpg.

Photo 2: View of the widest mineralized felsic unit exposed at the TOE Zone

To view an enhanced version of Photo 2, please visit: https://images.newsfilecorp.com/files/5376/140410_c2a9bc10f471d836_005full.jpg.

Photo 3: View looking SW across the main escarpment at the TOE Zone. Central pyritic argillite flanked by gossanous, locally mineralized felsic units. High grade zones occur on the hill top to the left of the photo and behind the observer.

To view an enhanced version of Photo 3, please visit: https://images.newsfilecorp.com/files/5376/140410_c2a9bc10f471d836_007full.jpg.

BACKGROUND INFORMATION ON THE TOE ZONE

The TOE Zone is one of at least 10 underexplored historic mineral showings on the southern Trek claims and was discovered in 1988 by Lorica Resources. A 2.0 m chip sample collected at that time assayed 1.23 g/t Au, 267 g/t Ag, 5.2% Cu, 1.06% Zn and 0.42% Pb. Geological mapping, soil sampling, a VLF survey and further rock sampling were carried out by Lorica in 1990, returning individual assay highs up to 645 g/t Ag, 2.6 g/t Au, 4.8% Cu, 2.25% Pb, and 5.0% Zn in grab samples. Mineralization was described as consisting of massive to semi-massive, variably banded/layered pyrite, chalcopyrite, sphalerite, galena and barite, hosted in andesitic volcanics with local intense quartz-sericite-pyrite altered horizons (now thought to be mineralized felsic volcanics). This prospect was interpreted as a Kuroko-type VMS occurrence when discovered in 1988. Romios believes that a Kuroko model, or the somewhat similar Eskay Creek model, are both still valid.

Little work has been done on this prospect since the early work by Lorica. A limited sampling program by Romios in 2006 returned assays up to 4.45 g/t Au, 1,965 g/t Ag, 3.78% Cu, 2.27% Pb, 2.9% Zn and >1% Sb. No further work was carried out here until brief field exams by Romios in 2021 and 2022.

The TOE Zone is located approximately 600 m west of the exposed edge of the Trek South porphyry Cu-Au-Ag target which was explored with a major geophysical and mapping program by Romios in 2022 (results are pending). It is 1.5 km south of the partially cleared road route from Highway 37 to the giant Galore Creek alkalic porphyry Cu-Au-Ag deposit(s) site and 15 km SW of the proposed Galore Creek mill site. The Galore Creek project is owned by a Teck-Newmont JV (GCMC) and currently in the final stages of a pre-feasibility study.

The samples discussed in this document were grab and chip samples considered representative of the outcrops and veins being sampled. They were submitted to the ISO/IEC 17025 accredited ALS Canada Ltd. laboratories in Terrace and Vancouver, BC for assay and multi-element analyses. As a matter of procedure, a rigorous quality assurance and quality control program was implemented to ensure reliable assay results by inserting alternating blanks and commercial assay standards at every 10th position in the sample series.

The technical information in this news release has been reviewed and approved by John Biczok, P. Geo., VP-Exploration for Romios Gold and a Qualified Person as defined by National Instrument 43-101. In addition to his extensive experience with several major mining companies exploring for a wide variety of ore deposit types across Canada and India, Mr. Biczok spent 12 years conducting exploration and research at the Musselwhite gold mine in NW Ontario.

About Romios Gold Resources Inc.

Romios Gold Resources Inc. is a progressive Canadian mineral exploration company engaged in precious- and base-metal exploration, focused primarily on gold, copper and silver. It has a 100% interest in the Lundmark-Akow Lake Au-Cu property plus 4 additional claim blocks in northwestern Ontario and extensive claim holdings covering several significant porphyry copper-gold prospects in the "Golden Triangle" of British Columbia. Additional interests include the Kinkaid claims in Nevada covering numerous Au-Ag-Cu workings and two former producers: the Scossa mine property (Nevada) which is a former high-grade gold producer and the La Corne molybdenum mine property (Quebec). The Company retains an ongoing interest in several properties including a 20% carried interest in five of Honey Badger Mining's claim blocks in the Thunder Bay silver district of northwestern Ontario; a 2% NSR on McEwen Mining's Hislop gold property in Ontario; a 2% NSR on Enduro Metals' Newmont Lake Au-Cu-Ag property in BC, and the Company has signed a definitive agreement with Copperhead Resources Inc. ("Copperhead") whereby Copperhead can acquire a 75% ownership interest in Romios' Red Line Property in BC.

For more information, visit www.romios.com.

As our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (Twitter, Facebook, LinkedIn) please feel free to send direct messages.

To book a one-on-one 30-minute Zoom video call, please click here.

For further information, please contact:

Stephen Burega, President and CEO - 647-515-3734 or sburega@romios.com

John Biczok, P. Geo., VP of Exploration - 613-410-7877 or jbiczok@romios.com

This News Release contains forward-looking statements which are typically preceded by, followed by or include the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements. TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) do not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/140410

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Emerita Resources Corp. (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) (the "Company" or "Emerita") is pleased to announce additional assay results from the 2022 delineation drilling at La Romanera Deposit at its wholly owned Iberian Belt West project ("IBW" or the "Project"). The Company continues to have 13 drilling rigs on site on a 24-hour rotation.

Assay results have been received from 4 drill holes, LR028, LR024, LR020 and LR018 (Figure 1). All intercepted significant mineralization except LR018, which intercepted primarily massive pyrite.

Holes LR028, LR024 and LR020 are aligned along a similar elevation of approximately 225 meters vertically below surface and extend across a horizontal distance of approximately 450 meters. Massive sulphide mineralization occurs in both the Upper and Lower lenses in holes LR024 and LR028 (Figure 1, 2 and 3). Hole LR024 occurs within the zone explored by previous companies in the 1970s and 1980s, and drillholes LR028 and LR020 are equidistant to the west and east from LR024 and occur outside the historic drilled zone. This demonstrates massive sulphide mineralization extends along strike for at least 450 m at this elevation.

From east to west, the order of the drill holes presented is:

Drill Hole LR020: Drill hole LR020 intercepted massive sulphide mineralization only in the Lower Lens. The Lower Lens was intercepted from 281.7 m and encountered 16.6 m grading 0.3 % Cu; 0.5 % Pb; 0.9 % Zn; 1.2 g/t Au and 58.6 g/t Ag including 2.1 m grading 0.1 % Cu; 0.6 % Pb; 2.5 % Zn; 2.4 g/t Au and 105.6 g/t Ag. This drill hole represents a step out of 50 m east of LR007 (see Emerita's news release dated August 4, 2022).

Drill Hole LR024: Drillhole LR024 intercepted both the Lower and Upper massive sulfide lenses. The Upper Lens occurs from 285.2 m and intercepted 10.7 m grading 0.9 % Cu; 3.8 % Pb; 6.6 % Zn; 1.2 g/t Au and 129.7 g/t Ag. The interval between the two lenses is 22.4 m and is characterized by disseminated sulfide mineralization. The Lower Lens consists of 30.0 m grading 0.5 % Cu; 0.6 % Pb; 0.5 % Zn; 3.0 g/t Au and 67.6 g/t Ag, including 7.5 m grading 0.3 % Cu; 0.9 % Pb; 0.1 % Zn; 7.2 g/t Au and 41.6 g/t Ag.

Drill Hole LR028: Drill hole LR028 intercepted two lenses of massive sulphides. The Upper Lens occurs from 299.3 m with 4.4 m grading 0.3 % Cu; 2.0 % Pb; 7.3 % Zn; 1.1 g/t Au and 94.9 g/t Ag. The Lower Lens occurs 12.1 m below the Upper Lens and intercepted lower grade massive sulfides consisting of 2.8 m grading 0.5 % Cu; 0.1 % Pb; 0.1 % Zn; 0.3 g/t Au and 6.9 g/t Ag.

According to Joaquin Merino, P.Geo., President of Emerita, "Drilling to date carried out by the Company shows the existence of two semi-parallel massive sulphide lenses, which appear to merge to the west, and importantly appear to continue at depth below the present drilling. The strike extent also remains to be fully tested. At depth below approximately 500 m below surface both lenses remain open for further expansion potential with additional drilling."

Figure 1: Location map for drill holes LR018, LR020, LR024 and LR028. https://www.globenewswire.com/NewsRoom/AttachmentNg/77499eca-2a0b-4be9-bbdb-de60b5e1df18

Figure 2: Vertical Longitudinal section of the Upper Lens at La Romanera Deposit. The dotted outline shows the approximate area included within the historical 34 million tonnes mineral resource estimate. Drill intercepts shown are from Emerita's drill campaign and not the historical drill holes. https://www.globenewswire.com/NewsRoom/AttachmentNg/c2205115-4175-4b30-9433-c5503c819925

Figure 3: Vertical Longitudinal section of the Lower Lens at La Romanera Deposit. The dotted outline shows the approximate area included within the historical 34 million tonnes mineral resource estimate. Drill intercepts shown are from Emerita's drill campaign and not the historical drill holes. https://www.globenewswire.com/NewsRoom/AttachmentNg/2625656f-44b8-48ca-8cbf-da48a66b5db9

Table 1. Diamond drillhole data: La Romanera.

LL= Lower Lens La Romanera, UL= Upper Lens La Romanera

Drilling at La Romanera is HQ size and core is placed into core trays at the drill site and transported directly from the site to Emerita's coreshack (15Km) from Romanera and (8Km) from Infanta. Once the cores are received at Emerita's coreshack they are photographed and geotechnical logging is performed. Geological, mineralogical and structural logging follows and mineralized zones are identified. The samples are marked every 1m or less, and respecting lithological contacts, with most of the samples 1.0m long. The zone immediately above and below the mineralized zones are also sampled. Core samples are sawed in half and half of the core is returned to the core tray for future reference. Once the core samples are cut, bagged and tagged, they are shipped to the ALS laboratory in Seville by Emerita personnel where sample preparation is done. In Seville, ALS performs the mechanical preparation of the samples and then the pulps are sent to ALS Ireland (ICP) and ALS Romania (fire assay). The analysis at ALS Lab corresponds to the ME-ICPore (19 elements) package, together with the Au-AA23 fire assay (Gold).

10% of the analyzed samples correspond to control samples (fine blanks, coarse blanks, high, medium and low grade standards). In addition, 10% of pulps are reanalyzed at a second independent certified laboratory (AGQ Lab Sevilla). When the analysis is completed, the certificates are received from the laboratory and the QA/QC protocol identifies any deviation or anomaly in the results and the entire batch is reassayed in such case. Once the data is approved by the QA/QC protocol assays are entered digitally directly into the database.

The scientific and technical information in this news release has been reviewed and approved by Mr. Joaquin Merino, P.Geo, President of the Company and a Qualified Person as defined by NI 43-101 of the Canadian Securities Administrators.

A qualified person, as defined in National Instrument 43-101, has not done sufficient work on behalf of Emerita to classify the historical estimate reported above as current mineral resources or mineral reserves and Emerita is not treating the historical estimate as current mineral resources or mineral reserves. The historical estimate should not be relied upon.

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.

Vincent Chen +1 778 990 9433 (Toronto) info@emeritaresources.com

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, the mineralization of the IBW Project; the Company's ongoing drill program and exploration efforts; the timing of assay results; the prospectivity of the Project; the timing and ability of the Company to produce an NI 43-101 compliant mineral resource estimate 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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CALGARY, ALBERTA TheNewswire October 13, 2022 - CMX Gold & Silver Corp. ( CSE:CXC ) ; ( OTC:CXXMF ) ("CMX" or the "Company") announces that testing of samples taken from the Clayton Mine Stockpile is nearing completion. The testing was undertaken with no upfront cost to CMX pursuant to the agreement with Sulphide Remediation Inc. ("SRI") announced on May 31, 2022.

Under SRI's supervision, 600 kilograms of materials were collected from nine locations on the mine stockpile located adjacent to the old Clayton Silver Mine. These locations were the same as the locations used by the Company for its 2014/15 stockpile sampling program. Approximately 536 kilograms were shipped to Sydney, Australia for testing in TOMRA's ore-sorting laboratory facility. TOMRA is a world-leader in state-of-the-art precision ore sorting technology used to high-grade mine stockpiles of unprocessed rock to enhance the grade of material delivered to a mill. Dual Energy X-Ray Transmission technologies differentiate between rocks based on small fluctuations in density profiles and are effective at removing sulphides and concentrating valuable metals. The sorted rock can be treated at existing mills/smelters where valuable metals will be extracted and sulphides will be safely handled. SRI has some of the world's leading experts in crushing, screening and ore sorting.

The testing program results will be used to determine the best ore-sorting process for the Company's stockpile. Jan Alston, President & CEO of CMX stated: "Positive test results will confirm our assessment that there should be significant value realized from processing the stockpile material, based on the stockpile sampling program conducted in 2014/15. We expect the application of modern technology will unlock near-term value for CMX shareholders and provide funds for future exploratory drilling programs targeting significant prospects for additional resources adjacent to the old mine workings."

The Company's historic Clayton Silver Mine stockpile is estimated to contain up to 1,000,000 tonnes of metal-bearing rock. In the 2014/15 evaluation program, over 3,000 kilograms of sample material were collected from 16 locations selected to ensure representative results. Analysis of the samples confirmed the presence of gold in each sample. In particular, assays confirmed gold values up to 2.84 gm/t with an average of 0.80 gm/t for the 16 locations sampled. Statistical averages of the 16 locations of the mine stockpile sampling program were: gold – 0.80 gms/t; silver – 24.31 gms/t; lead – 0.44%; zinc – 0.27%.

Subject to positive results from analysis of the samples taken from the stockpile and confirmation of suitability of the material for the ore sorting process, SRI at its cost will construct and deliver an optimal ore sorting system to the Clayton Mine site. The system will be capable of processing from 3,000 tonnes to 4,000 tonnes per day. SRI will manage all aspects of the stockpile processing program. After deducting operating expenses from the revenue received for the processed stockpile material from the toll mill or smelter, the net profits will be shared 50:50 between CMX and SRI.

About the Clayton Silver Project

CMX's 100%-owned Clayton Silver Property is located in the mining-friendly State of Idaho, USA. The property comprises approximately 684 acres in Custer County in south-central Idaho, including the former Clayton silver-lead-zinc mine. The Clayton Mine was developed on eight levels to a depth of 1,100 feet below surface and is comprised of approximately 19,690 feet of underground development. Two major ore bodies were partially mined: the "South Ore Body" and the "North Ore Body".

The recorded production from the Clayton Mine included 7,031,110 oz silver, 86,771,527 lbs lead, 28,172,211 lbs zinc, 1,664,177 lbs copper, and minor amounts of gold from an estimated 2,145,652 tonnes of ore mined between 1934 and 1985.

Significant potential is demonstrated in hole 1501-A, drilled in the mid-1960's, which penetrated the mineralized zone at 1,425 feet. At that depth, the hole intercepted 22 feet of 4.07 oz (126 gms) Ag/t, 5.75% lead and 5.37% zinc (note: true width is unknown).

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Jan M. Alston, President & C.E.O. at (403) 457-2697 janalston@cmxgoldandsilver.com ;

Robert d'Artois at (604) 329-0845 bobdartois@cmxgoldandsilver.com .

You can also visit the Company's Website : www.cmxgoldandsilver.com

WARNING : the Company relies upon litigation protection for "forward looking" statements. The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the operations of the Company, changes to securities regulation requirements, other changes in laws or regulations, unanticipated risks of the COVID-19 pandemic crisis, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

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October 13, 2022 TheNewswire - Renforth Resources Inc. (CSE:RFR) (OTC:RFHRF) (FSE:9RR) ("Renforth" or the "Company") is announcing a non-brokered private placement (the "Offering") for gross proceeds of up to C$1,000,000 from the sale of any combination of non-flow-through units of the Company (each, a "Unit") at a price of C$0.035 per Unit and flow-through units of the Company (each, a "FT Unit", and collectively with the Units, the "Offered Securities") at a price of C$0.04 per FT Unit. Red Cloud Securities Inc. will be acting as a finder for the Offering on behalf of the Company.

Each Unit will consist of one common share of the Company (each, a "Common Share") and one common share purchase warrant (each whole warrant, a "Warrant"). Each FT Unit will consist of one Common Share to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a "FT Share") and one half of one Warrant. Each Warrant will entitle the holder thereof to purchase one Common Share at a price of C$0.06 for a period of 24 months following the distribution date.

The Company intends to use the net proceeds of the Offering to fund the Company's ongoing exploration program at Surimeau, expected to include drilling, as well as for working capital and general corporate purposes. Permits have been applied for and are expected to be approved imminently. Proceeds from the sale of FT Shares will be used to incur "Canadian exploration expenses" as defined in subsection 66.1(6) of the Income Tax Act and "flow through mining expenditures" as defined in subsection 127(9) of the Income Tax Act. Such proceeds will be renounced to the subscribers with an effective date not later than December 31, 2022, in the aggregate amount of not less than the total amount of gross proceeds raised from the issue of FT Shares.

The closing of the Offering will be subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the Canadian Securities Exchange. The Common Shares and FT Shares issuable from the Offering will have a hold period ending on the day that is four months and one day following its distribution date.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.

For further information please contact:

President and Chief Executive Officer

#Unit 1B – 955 Brock Road, Pickering ON L1W 2X9

Follow Renforth on Facebook, LinkedIn and Instagram

Renforth is focused on Quebec's newest battery metals district, our wholly owned ~330 km2 Surimeau District Property, which hosts several known areas of polymetallic "battery metals" mineralization, each with various levels of exploration, as well as a significant amount of unexplored ground. Victoria West has been drilled over a strike length of 2.2km, within a 5km long mineralized structure, proving nickel, copper, zinc and cobalt mineralization, in the western end of a 20km magnetic anomaly. The Huston target, during initial reconnaissance, resulted in a grab sample grading 1.9% Ni, 1.38% Cu, 1170 ppm Co and 4 g/t Ag. Additionally, the Lalonde, Surimeau and Colonie Targets are all polymetallic mineralized occurrences which, along with various gold showings, comprise the areas of potential of this NSR free property.

In addition to the Surimeau District battery metals property Renforth wholly owns the Parbec Gold deposit, a surface gold deposit contiguous to the Canadian Malartic Mine property in Malartic, Quebec. In 2020/21, Renforth completed 15,569m of drilling which successfully twinned certain historic holes, filled in gaps in the resource model with newly discovered gold mineralization and extended mineralization deeper. Based upon the success of this significant drill program the Company considers the spring 2020 MRE, with a resource estimate of 104,000 indicated ounces of gold at a grade of 1.78 g/t Au and 177,000 inferred ounces of gold at a grade of 1.78 g/t Au to be out of date. With the new data gained Renforth will undertake to complete the first ever structural study of the mineralization at Parbec, as well as additional total metallic assay work in order to better contextualize the nugget effect on the gold mineralization.

Renforth also holds the Nixon-Bartleman property, west of Timmins Ontario, with gold present on surface over a strike length of ~500m.

No securities regulatory authority has approved or disapproved of the contents of this news release.

This news release contains forward-looking statements and information under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as ‘may', ‘will', ‘plan', ‘expect', ‘believe', ‘anticipate', ‘estimate', ‘intend' and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company's securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.

Not for distribution to United States newswire services or for dissemination in the United States

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Usha Resources Ltd. ("USHA" or the "Company") (TSXV:USHA)(OTCQB:USHAF)(FSE:JO0), a North American mineral acquisition and exploration company focused on the development of drill-ready battery and precious metal projects, is pleased to announce that it has filed its 43-101 technical report (the "Technical Report") which has been prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), on the Company's Nicobat Project, in relation to the proposed spinout of the Company's Nickel-Copper-Cobalt property located in Northwest Ontario

The Technical Report, entitled "NI 43-101 Technical Report on The Nicobat Project" and dated April 19, 2022, has been prepared for the Company by Andrew Tims, P.Geo, who is a "Qualified Person" as such term is defined in NI 43-101. The Technical Report is available on www.sedar.com under the Company's profile.

The Technical Report has been filed as part of the process for USHA's previously announced spinout transaction (the "Spinout") to transfer the Nicobat Nickel-Copper-Cobalt property to its wholly-owned subsidiary, Formation Metals Corporation ("Formation Metals" or "FMC"). Under the terms of the Arrangement dated May 10, 2022, if approved, USHA shareholders will be issued one (1) share of FMC with respect to every five (5) shares of USHA owned on the share distribution record date (the "Share Distribution Record Date"), which will be predetermined by USHA's Board of Directors and announced by a news release -in advance. Holders of USHA options and warrants, who exercise their options and/or warrants before the Share Distribution Record Date, will also be entitled to receive one (1) share of FMC with respect to every five (5) shares of USHA.

Upon completion of the Arrangement, USHA shareholders will ultimately own shares in two public companies:

Completion of the Arrangement is subject to a number of conditions, including the following conditions which must be met:

The Arrangement cannot be completed until all the above conditions are met.

The Technical Report documents and confirms the results of historical prospecting and exploration activities completed by previous owners of the property and recent data compilation, review and exploration targeting work completed by the Company. It also provides additional information on the project's history, regional geology, mineralization styles and exploration targets, and provides recommendations for exploration work.

The Nicobat Nickel Property is a nickel-copper-PGE project located in Dobie Township, Northwest Ontario 21 kilometres south of New Gold's Rainy River Mine which hosts the Zone 34 nickel discovery.

Historic exploration work between 1952 and 1972 included over 15,000 metres of drilling, 220 drill holes and numerous bulk samples that identified a non-compliant historic resource of 5.3 Mt grading 0.24% Ni that contained a high-grade zone of approximately 225,000 tons grading 0.87% Ni.

Recent exploration work includes over 4,000 metres of drilling that has confirmed high-grade nickel-copper shoots do exist and are considerably better than previously recorded in the historical drilling, with drillhole A-04-15 intersecting from surface to approximately 63.75 metres a weighted average of 1.05% nickel and 2.18% copper that included an approximately 9.8-metre interval of 1.92% Ni from 53.95 to 63.75 metres.

The targeted feeder conduit measures approximately 305 metres by an average of 60 metres in width to a depth of 245 metres that is potentially open at depth and down-plunge to the north and is composed of cumulate textured olivine gabbro. This magma conduit sits in a larger norite body at the base of the Dobie Gabbro. The historical assessment data records high-grade "ribs", one of which includes the zone described above. Future work will, therefore, focus on making the historic resource compliant current and expanding on the work completed to assess for other high-grade "ribs" and the potential high-grade feeder zone as shown in the model below.

The technical content of this news release has been reviewed and approved by Mr. Andrew Tims, P.Geo., a qualified person as defined by National Instrument 43-101.

Usha Resources Ltd. is a North American mineral acquisition and exploration company focused on the development of quality battery and precious metal properties that are drill-ready with high-upside and expansion potential. Based in Vancouver, BC, Usha's portfolio of strategic properties provides target-rich diversification and consist of Jackpot Lake, a lithium project in Nevada; Nicobat, a nickel-copper-cobalt project in Ontario; and Lost Basin, a gold-copper project in Arizona. Usha trades on the TSX Venture Exchange under the symbol USHA, the OTCQB Exchange under the symbol USHAF and the Frankfurt Stock Exchange under the symbol JO0.

"Deepak Varshney" CEO and Director

For more information, please call Tyler Muir, Investor Relations at 1-888-772-2452, email tmuir@usharesources.com, or visit www.usharesources.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.

This news release contains "forward-looking information" under applicable Canadian securities legislation. Such forward-looking information reflects management's current beliefs and are based on a number of estimates and/or assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information are neither promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.

These statements include proposed terms of the spinout transaction, proposed business plans for each of Usha and FMC, the listing of FMC's Shares, the anticipated benefits of the transaction, and disclosure of additional details concerning the transaction. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Usha cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by many material factors, many of which are beyond their respective control. Such factors include, among other things: determination of acceptable terms for the proposed spinout transaction, risks and uncertainties relating to the receipt of approvals to proceed with and complete the transaction and the satisfaction of the conditions precedent to the completion of the transaction, unexpected tax consequences, the market valuing Usha and FMC in a manner not anticipated by management of the Company, the benefits of the spinout transaction not being realized or as anticipated, and each of Usha and FMC being unable to add additional properties to their respective portfolios. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company does not undertake to publicly update or revise forward-looking information.

The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

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