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.

Copyright (c) 2022 TheNewswire - All rights reserved.

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Exploring undeveloped land with the hopes of striking gold is a time-honored mining tradition, but it’s not the only way to create a profitable project. Restarting past-producing mines allows companies to start with proven mineralization, explore stockpile potential and utilize the existing infrastructure. In addition, stockpiles create a fast track to cash flow, as the previous miners may have had different criteria based on the economics of their time. For example, gold mines often stockpiled gold under a specific grade as it was not economically feasible, but given current prices and modern processing technology, it’s now worth processing the stockpiled gold and silver.

Restarting a past-producing mine begins by selecting the proper jurisdiction. Idaho, for instance, has mining-friendly policies that include tax incentives to create rural jobs. The gold rush of the 1800s led to the creation of the state. For example, the famous Silver City was founded near prolific silver and gold deposits. Mining policies in the state are focused on enabling ease of mining operations, both procedurally and practically.

CMX Gold & Silver notes that the previous miners simply followed the known vein system, and it was sufficient for their time and goals. However, the company plans to conduct additional exploration using modern techniques to identify other veins. Once identified, the company will conduct drilling operations to confirm survey results and identify additional development opportunities.

In a recent interview, CEO Jan Alston discussed the excitement surrounding the Clayton Silver Mine, stating, “After 50 years in operation, it was closed down when commodity prices fell in the mid-1980s. We think the potential exists to add a lot of shareholder value by doing the work that is needed to establish that there is a lot more ore still to be mined. Our hope is to get this mine operating again.”

A strong management team builds confidence in the company’s ability to capitalize on the past-producing mine. Jan Alston, CEO, has worked in the natural resources industry for over 35 years, including practicing business law in the oil and gas sector. Glen Alston, CFO, has 30 years of experience in corporate finance and has worked with mining companies focused on diamonds, precious metals, and base metals. Additional experts in geology and financing bring their specialties to the management team.

The flagship project covers 276 hectares and is roughly 30 kilometers from Custer country. It includes 29 patented mining claims, two patented mill sites, and six unpatented mining claims. Additionally, further exploration aims to identify targets for an upcoming drill program that hopes to locate additional mineralization.

Jan Alston was born in Calgary, Alberta and attended the University of Alberta, where he obtained a bachelor’s of arts in 1978 and an LLB in 1981. Alston has been involved in public junior natural resource companies for over 35 years. He practiced law in the 1980s in the areas of business law, oil and gas, securities regulation, and corporate finance. He led the management team as president, chief executive officer, director and cofounder of Purcell Energy, an oil and gas exploration and production company listed on the Toronto Stock Exchange. After sixteen years, Purcell 2005 sold two-thirds of its oil and gas assets for more than US$150 million and spun out Tenergy. From November 2005, Alston was chief executive officer and director of Tenergy, a Toronto Stock Exchange-listed natural gas exploration and production company, until its sale in March 2006 for US$92 million. Since 2006, he has been involved in several private businesses in management and as an investor.

Glen Alston attended the University of Calgary, where he obtained his bachelor’s of commerce in 1986. He has over 30 years of experience in executive and management roles with public junior mining exploration companies. Alston has been a senior officer and director of several junior companies, as well as being involved in many different aspects of the business, including stock exchange listings, corporate finance activities, corporate development, project management, and accounting and audit functions. He has extensive experience in facilitating exploration projects for precious metals, diamonds, and base metals.

James O’Sullivan is a partner in the Calgary office of Dentons LLP. His current practice focuses on providing corporate and commercial advice to junior issuers, including start-up and growth companies active in the energy, mining, healthcare and technology markets. O’Sullivan’s expertise includes corporate governance, regulatory compliance and continuous disclosure matters. He has extensive experience in financings, mergers and acquisitions and other corporate reorganizations. O’Sullivan also serves as corporate secretary for several Canadian public companies. He has been a member of the Law Society of Alberta since 2007.

Richard T. Walker attended the University of Calgary, where he obtained his bachelor’s of science in geology in 1986 and his master’s of science in geology in 1989. He is a professional geologist registered with the Association of Professional Engineers and Geoscientists of British Columbia. He has over 30 years of practical field experience working with organizations of all sizes, from junior to major mining companies, both private and public, in Canada, the United States, and South America. Walker’s primary role has been the management of exploration programs for precious metals, with an emphasis on silver, and base metals. He has successfully completed programs in diverse jurisdictions, including British Columbia, Alberta, Northwest Territories, Nunavut, Yukon Territory, Saskatchewan, New Brunswick, Montana, Alaska, Brazil, Peru, and Chile. Walker provides consulting services through his firm, Dynamic Exploration, of which he has been president since 1996. He is the former president of the East Kootenay Chamber of Mines and a director of the BC and Yukon Chamber of Mines.

May 31, 2022 TheNewswire - CALGARY, ALBERTA CMX Gold & Silver Corp. ( CSE:CXC ) ; (CNSX:CXC.CN); ( OTC:CXXMF ) ("CMX" or the "Company") announces that it has signed an agreement with Sulphide Remediation Inc. ("SRI") ( https:www.sulphide-remediation.com ), an affiliate of ABH Engineering Inc. of Surrey, B.C., a firm specializing in mineral processing ( https:www.abhengineeringinc.com ).  SRI utilizes precision ore sorting technology to high-grade mine stockpiles of unprocessed rock to enhance the grade of material delivered to a toll 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 millssmelters 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.

Pursuant to the agreement with CMX, SRI will take samples from the Clayton stockpile with no upfront cost to CMX.  The samples will be shipped to a laboratory for analysis and process testing.  The testing program will inform SRI as to the best ore sorting process for the Company's stockpile.  Jan Alston, President & CEO of CMX commented: "Ever since we completed an evaluation program of the Clayton Silver Mine stockpile in 2014/15, the results suggested there should be significant value realized from processing the material.  Higher metals prices today add even more value to the aboveground material. We simply needed to find the right partner with the best technology for this opportunity."

CMX's historic Clayton Silver Mine stockpile is estimated to contain greater than 500,000 tonnes of metal-bearing rock. In the 2014 evaluation program, over 3,000 kilograms of sample material were collected from test 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 comprised of the initial suite of samples. 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.  Mr. Alston stated: "Positive results will position CMX to generate cash flow in 2023."

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.  Very little exploration has been carried out previously on the Clayton Silver Property. 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 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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May 19, 2022 TheNewswire - CALGARY, ALBERTA CMX Gold & Silver Corp. ( CSE:CXC ) ; (CNSX:CXC.CN); ( OTC:CXXMF ) ("CMX" or the "Company") announces that it has retained the services of Dig Media Inc., doing business as Investing News Network ("INN") for an investor marketing and advertising campaign. INN will provide on-line marketing, advertising and investor awareness services to the Company for the purposes of informing investors about CMX and activities on its 100%-owned Clayton Silver Project in Idaho, USA. The contract with INN is for a twelve-month digital media campaign at a monthly cost of $6,000 that ends on April 25, 2023.

INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007. The on-line awareness campaign is intended to help investors discover and learn more about CMX. The campaign will only provide investors with previously disclosed factual information concerning CMX. Investors are encouraged to fully review all of the Company's publicly available disclosure filings, which are available on SEDAR or CMX's website: www.cmxgoldandsilver.com .

Effective May 19, 2022, CMX has changed its registrar and transfer agent for its securities to Olympia Trust Company of Calgary, Alberta.

About the Clayton Silver Project

CMX's major asset is the 100%-owned Clayton Silver Property 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. Very little exploration has been carried out previously on the Clayton Silver Property. 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 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.

Copyright (c) 2022 TheNewswire - All rights reserved.

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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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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

Copyright (c) 2022 TheNewswire - All rights reserved.

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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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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.

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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