Tests Demonstrate Carbon Capture Potential Of Inomin's Beaver Critical Minerals Project |

Property's Magnesium-rich Composition Key for Greenhouse Gas Mitigation

Inomin Mines Inc. (TSXV: MINE), ("Inomin", "MINE" or the "Company") is pleased to report positive initial test results demonstrating the potential for carbon capture and storage at its Beaver critical minerals project (magnesium-nickel-chromium-cobalt) in south-central British Columbia. The tests, carried-out by researchers at the University of British Columbia ("UBC"), demonstrate that samples from the Company's 2021 critical mineral discovery, contain key minerals that sequester carbon dioxide (CO2.) from the atmosphere.

John Gomez, President of MINE, states, "The test results are an exciting, important, value-add for our Beaver project. To put the results in perspective, most minerals are hardly reactive with CO2 so appreciable carbon storage is not possible. Brucite is the key mineral for carbon capture as it reacts with carbon dioxide, and 1% - 2% weight (wt) brucite content is considered significant. Beaver samples contain up to 11% wt brucite which is very substantial. UBC's findings add to Beaver's positive attributes, in short, a green, district-scale, critical minerals project that is just emerging. We look forward to continuing to assess Beaver's carbon mineralization possibilities, and completing further drilling to unearth our significant discovery."

Ultramafic rocks like those that host magnesium and nickel-rich mineralization at Beaver can be among the largest carbon capture and storage reservoirs on Earth. Ultramafic mine tailings can be reactive to CO2and therefore have the potential to reduce or eliminate the greenhouse gas (GHG) footprint of mine operations.

The Carbon Mineralization Lab (CarbMin Lab) at UBC assessed the mineral content of select Inomin's samples for the potential for carbon storage and capture. A total of 28 samples were analyzed from drill core from Inomin's 2021 drilling program (results reported March 29, 2022). The samples were selected to be representative of samples across the entire spectrum of the Company's drilling program. In general, the drill holes targeted magnetite associated with serpentinization over a strike length of approximately 5 km. None of the samples are contiguous and essentially reflect the ultramafic body the drilling intersected. In most cases, nickel-magnesium mineralization and serpentinite occurrences are open at depth.

Analysis by CarbMin Lab found that Beaver samples contain key magnesium-rich minerals that are known to react quickly with CO2 in air such as brucite and hydrotalcite group minerals. Notably, 19 of 28 samples contain moderate to high (up to 11% wt) brucite, a form of magnesium able to create carbon capture and storage. Based on the presence of brucite in 60% of the analyzed samples, and high serpentine contents in all analyzed samples, CarbMin Lab concluded there is potential for direct capture of CO2 from air in the form of Beaver tailings.

On the basis of the positive test results, CarbMin Lab recommends further assessment of the Beaver project for carbon mineralization.

Led by Dr. Greg Dipple, UBC has been at the forefront of carbon mineralization (carbon capture and storage) technology since 2005. Today the proprietary technology is being taken from the lab into the field by spin-out company Carbin Minerals Inc., for real-world, carbon dioxideremoval, at scale. In April the company was awarded US$1 million from a U.S. organization that has the backing of the Elon Musk Foundation. This year, Carbin Minerals signed its first contract with Ottawa-based Shopify to remove 200 tonnes of CO2 from the atmosphere as part of Shopify's corporate social responsibility plan.

Carbon mineralization sequesters carbon dioxide, a greenhouse gas, via the reaction of CO2 with alkaline earth metal-bearing silicate and hydroxide minerals to form carbonate minerals that store CO2 in a stable form. During the mining process, a significant amount of rock material must be removed and processed (tailings) in order to access valuable commodities below the surface. The carbon mineralization process can utilize the enormous amount of tailings produced by the mining industry to drawdown CO2 and safely store it for millions of years (Figure 1).

Figure 1. Certain mine tailings can permanently remove CO2 directly from the atmosphere through a process known as carbon mineralization. CarbMinLab have developed proprietary technologies to optimize and accelerate the process, creating the potential for gigaton-scale capture and permanent storage of atmospheric carbon dioxide. Illustration by Sterling Vanderzee.

To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/3069/128988_85e5996b64c47883_001full.jpg

Thus in addition to supplying critical minerals to power electric vehicles and green technologies, carbon capture is another way mining can play an important part to fight climate change. Carbon capture and storage is also beneficial to mine owners and ESG-conscious investors. A substantial reduction in greenhouse gas emissions could enable mines to become carbon neutral and lower operating costs. Even greater emission reductions could create carbon negative mines and the opportunity to generate carbon credits - the "holy grail" for mining operations and green investment.

The Beaver property comprises the 7,582 hectare (ha) northern claim block of Inomin's Beaver-Lynx project, collectively approximately 20,000 hectares. Beaver is ideally located in south-central British Columbia, 50 kilometres from the town of Williams Lake and just 15 kilometres east of the Gibraltar mine, one of the largest open-pit copper mines in Canada. Beaver is easily accessible by paved roads with hydro-electric power nearby. The Company owns a 100% interest in the project with no royalties.

Inomin's inaugural 2021 drilling program at Beaver generated a significant discovery of high-grade magnesium and other critical minerals including nickel, chromium, and cobalt.

Drill-hole B21-02 intersected 252.1 metres (827 feet) grading 20.6% magnesium, 0.16% nickel, and 0.33% chromium. B21-02 is the longest mineralized hole ever drilled at Beaver, and the first-ever drilling in the Spur zone, one of four mineralized zones on the eastern side of the property covering a 7 kilometre-long strike length.

The Company's drilling at Beaver hit substantial near-surface mineralization in all drill holes.Furthermore, all holes ended in mineralizationleaving the discoveries open to extension at depth.

The 12,662 ha Lynx block is geologically similar to Beaver with even larger mineral targets as defined by magnetics.

Given the positive drill and carbon capture test results - plus district size - the Beaver-Lynx project has the potential to be among the world's largest greenest deposits of high-grade magnesium and other critical minerals.

Inomin Mines Director, L. John Peters, P.Geo, a qualified person as defined by NI43-101, has reviewed and approved the technical information in this news release.

Inomin Mines is focused on the acquisition and exploration of mineral properties with strong potential to host significant resources, especially critical minerals, as well as gold and silver projects. Inomin owns a 100% interest in the Beaver-Lynx magnesium-nickel-chromium-cobalt project in south-central British Columbia. The Company holds the La Gitana and Pena Blanca gold-silver properties in Mexico, and the Fleetwood zinc-copper-gold-silver VMS project in south-west British Columbia. Inomin also holds a royalty on the King's Point gold-copper-zinc project in Newfoundland owned by Maritime Resources Corp. Inomin trades on the TSX Venture Exchange under the symbol MINE. For more information visit www.inominmines.com and follow us on Twitter @InominMines.

On behalf of the board of Inomin Mines:

Inomin Mines Inc. Per: "John Gomez" President and CEO

For more information please contact:

John Gomez Tel. 604.566.8703 info@inominmines.com

The test results reported in this news release are preliminary in nature and may not be representative of the mineralization in other areas of the Beaver property, as well as results or conditions in an operating environment. This news release contains certain statements that may be deemed "forward-looking statements". Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128988

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Global initiatives to lower carbon emissions to fight climate change and pollution is creating a paradigm shift across sectors. Among the changes decarburization and a greening world is creating, is a significant greater need for critical minerals. The International Energy Agency (IEA) estimates the demand for critical minerals will increase six-fold by 2040. Except in China, almost all critical minerals are in critically short supply. As a consequence of rising demand amid supply constraints, many such minerals including lithium, magnesium and nickel, have increased considerably in price.

In spring 2022, Inomin announced a major magnesium-nickel-cobalt discovery at the company’s Beaver property located in south-central, British Columbia, Canada. Inomin’s inaugural drilling program intersected long intervals of these critical minerals, and discovered other important commodities including chromium, copper and silver.

Inomin looks forward to completing further drilling at Beaver to test the extent of the discovery. Furthermore, as impressive as the Beaver discovery is, the company also looks forward to exploring its nearby Lynx property as it’s geologically similar to Beaver, with even larger mineral targets.

"I doubt you could find another junior explorer on the Canadian junior stock exchanges with a lower valuation that has properties of this caliber. Inomin belongs in everyone's junior exploration portfolio."

Ron Struthers of Struthers' Resource Stock Report

The 7,528 hectare Beaver property is ideally located in south-central British Columbia, 50 kilometres north from the city of Williams Lake, and just 15 kilometres east of the Gibraltar mine, the second largest open-pit copper mine in Canada. The property is easily accessible by paved roads with hydro-electric power nearby. Inomin owns a 100% interest in the property with no royalties.

Google satellite map showing location of Beaver (north block) and Lynx properties 11 kms apart, and the region’s excellent infrastructure including roads, railroad, and towns.

Inomin's inaugural drilling program at Beaver generated a major discovery of magnesium-nickel-chromium, and other critical minerals. Drill-hole B21-02 intersected 252.1 metres (827 feet) grading 20.6% magnesium, 0.16% nickel, and 0.33% chromium.

B21-02 is the longest mineralized hole ever drilled at Beaver, and the first-ever drilling in the Spur zone, one of five large mineralized areas at the property. Drill hole B21-01 at Spur also made another first, discovering near-surface silver and copper, intersecting 649 g/t silver and 0.29% copper over 3 metres, before the hole was terminated due to difficult ground drilling conditions.

Beaver drill hole location map with magnetic survey outlining four zones on east side of property.

Inomin’s 2021 Beaver drilling program, consisting of 5 holes (716 metres), successfully tested mineralization over a strike length of 5.7 kilometres. All holes ended in mineralization leaving the discoveries open to extension at depth. Further drilling is planned to follow-up the company’s significant discovery.

The 12,662-hectare Lynx property is situated 11 kilometers south of the Beaver project. Similar to the Beaver property, Lynx hosts multiple large areas prospective for nickel and other critical minerals. These targets have the potential for hosting bulk-tonnage deposits. Inomin owns a 100% interest in the property.

The Lynx area is geologically similar to Beaver with even larger mineral target areas. Regional stream sediment sampling (RGS) data collected by the Province of British Columbia illustrates the existence of a large 10 x 5 kilometre nickel anomaly at Lynx, the largest in the region.

Like at the Beaver property, Inomin has completed initial ground magnetics surveys at Lynx to identify drilling targets. At Beaver, air and ground magnetic surveys have proven very effective at delineating magnetite-serpentinite rocks hosting magnesium-nickel mineralization, and other critical minerals, including chromium and cobalt.

Given the positive drill results related to areas of significant magnetite-rich serpentinite rocks at the Beaver property, Lynx displays potential to host multiple large zones of nickel and other critical minerals.

Together with the Beaver project, the region has the potential to develop into a major magnesium-nickel-critical minerals mining district.

Inomin’s La Gitana gold-silver project is situated in Mexico’s Oaxaca Gold-Silver Belt, a prolific mineral trend that hosts several operating mines and prospects, including Gold Resource’s (NYSE: GORO) Arista and Mirador gold-silver mines, and Fortuna Silver’s (TSX: FVI) San Jose gold-silver mine. Initial drilling at La Gitana completed by past joint property owners Chesapeake Gold and Goldcorp (now Newmont) confirmed the discovery of a significant epithermal gold-silver deposit open to expansion.

The Oaxaca Gold-Silver Belt extends over 100 km with numerous prospects, deposits, and mines.

Drilling at La Gitana – literally a “mountain of gold and silver”.

A 38 hole diamond drilling program at the main Cerro Di Oro zone confirmed a near-surface gold and silver deposit in a zone 400 – 500 meters long, 50 to 150 meters deep with grades ranging from 0.25 to 27.8g/t gold and 5.0 to 2,330g/t silver. The gold-silver system remains open to expansion.

Next anticipated exploration at La Gitana includes airborne magnetic survey and drilling. After this exploration program, the company expects to complete a preliminary resource calculation.

The Pena Blanca property, situated just 15 kms from La Gitana, hosts similar geology with an even larger mineral footprint. Exploration at Pena Blanca has discovered widespread gold and silver mineralization on surface associated with an extensive area of hydrothermal alteration and mineralized structures. Inomin owns a 100% interest in the Pena Blanca project.

Initial exploration has identified gold-bearing, hydrothermal alteration over approximately nine square kilometers, of which only one area has been systematically mapped and sampled. Pena Blanca’s previous operator, Chesapeake Gold Corp. (TSX.V:CKG), reported sediment anomalies ranging between 276 ppb to 2,200 ppb gold across a 2.5 kilometer by 3.5-kilometer area surrounding the Pena Blanca ridge. Additional exploration highlights returned 2.26g/t gold and 178g/t silver grades from a 23.5-meter-long trench.

Prospecting at Pena Blanca property.

Pena Blanca consists of numerous prospective mineralized zones marked by stream sediment and soil and rock chip anomalies. The style of alteration and mineralization at Pena Blanca indicates strong evidence of a large, epithermal, gold-silver mineral system.

Mr. Gomez is an entrepreneur that has founded and managed private enterprises in mining, technology, and sports. Prior to being a founder of Inomin, Mr. Gomez founded and was president of a private gold exploration company in Colombia. Under his leadership, the company acquired strategic land and mining interests in some of the country’s top gold districts. Mr. Gomez also founded and was President of U3O8 Media Inc. a leading news provider for investors on the uranium market. The U3O8.biz model was used to establish the Investing News Network. His consulting company, Oro Grande Capital Inc., provides marketing, corporate development and funding services to select public and private companies. Mr. Gomez has a Bachelor of Arts degree from the University of Victoria.

Mr. Shack has practiced throughout his career as a commercial solicitor advising both public and private companies. Mr. Shack has extensive experience advising clients in relation to day-to- day commercial transactions and operations. In addition, Mr. Shack has experience advising private and public companies on corporate finance matters, including securities issuances and secured lending. Mr. Shack also assists clients with corporate structuring and reorganizations, including transactions involving amalgamations, continuations, dissolutions and tax motivated transactions. Ari is qualified to practice law in British Columbia and holds both a Bachelor of Commerce degree (1993) and a Bachelor of Laws degree (1997).

Mr. Jiwani CPA, CA, has more than 15 years’ of financial reporting experience with publicly listed companies. He is Chief Operating Officer of Avisar Everyday Solutions Ltd., a company that provides a wide range of financial services to growing businesses.

Mr. Allende Igarashi is a metallurgist and industrial engineer with 35 years of mining management experience in Mexico’s public and private sectors. Mr. Allende recently served (2017 – 2021) as Director of Industry and Mining for the State of Oaxaca, Mexico where he headed investment programs, development activities, and Government affairs for the State’s industry and mining sectors. In the private sector Mr. Allende was Superintendent at Gold Resource’s (NYSE: GORO) flagship El Aguila polymetallic (gold-silver-copper-lead-zinc) project in Oaxaca. At El Aguila he was a key member that developed the project into a successful mining operation.

Mr. Peters, P.Geo, has over 30 years of experience in the mining industry. He is currently a geological consultant for junior mining companies including Westhaven Ventures Inc, Commander Resources Ltd, and Fjordland Exploration Inc. Following four years as mine geologist for Homestake Canada, he spent 25 years as Exploration Manager for over 10 junior companies with projects located across Canada, West Africa, South America, United States, and Greenland. He has also acted as project manager during joint ventures with Sumitomo Mining, Capstone Mining, and Gold Fields Canada. Notable discoveries in British Columbia, Canada Mr. Peters has been involved with include the Woodjam porphyry copper-gold deposit, the Shovelnose gold discovery, and the Beaver-Lynx nickel discoveries.

Mr. Yeomans, P.Geo, is a gold exploration professional with over 36 years’ experience in all stages of gold exploration throughout the Americas. He gained extensive exploration management experience across the entire Guiana Shield of South America with BHP, along with several junior mining companies. Mr. Yeomans has worked as a senior exploration manager throughout all the major gold mining camps in Canada. He has generated projects which resulted in significant NI 43-101 compliant gold resources on three different projects including the Duquense-Ottoman gold project in Quebec. Mr. Yeomans has worked as a consultant to IAMGOLD and Dundee Precious Metals, evaluating advanced gold projects across Canada, western USA and Alaska. He obtained his HBSc. in Geological Sciences from Queen's University in1982.

Mr. Jaramillo, M.Sc., P.Geo, is an international geological consultant with over 30 years of experience in the mining industry. Mr. Jaramillo has worked for major and junior mining companies as senior project geologist, technical director, chief mine geologist and exploration and mine manager. His work has included regional exploration, property assessment, resource estimation and mine operations. He has worked in Canada, the United States and Latin America. Most of his experience in the last 25 years has been focused on precious metal deposits. Mr. Jaramillo was directly responsible for the discovery of the Langosta porphyry copper-gold deposit in Mexico, and the discovery of the Las Lomas porphyry copper-gold deposit in Peru. He holds an M.Sc.A. degree in Mineral Exploration from McGill University and a B.Sc. degree in geology from Washington & Lee University.

Mr. Winfield, M.Sc., P.Geo, has more than 40 years of experience in the minerals industry as a geologist, corporate executive and consultant. Following 14 years with major mining companies Texasgulf Inc. and Boliden Inc., he held the position of VP Exploration for Greenstone Resources and Eldorado Gold Corporation leading to the exploration and development of five gold deposits. Subsequently as President and or CEO he has led companies exploring primarily in South America for the last twenty years.

Inomin Mines Inc. (TSXV: MINE), ("Inomin", "MINE" or the "Company") reports completion of a ground magnetics survey on the Lynx property, generating numerous drill targets. Approximately 171 line-kilometres (kms) of magnetic readings were taken across two grids encompassing the Bear and a portion of the Skulow zones, two large 2 x 3 km nickel targets (Figure 1).

As at Inomin's Beaver property, where the Company reported on March 29, 2022 a significant discovery of critical minerals including magnesium, nickel, and cobalt, ground magnetics have delineated multiple linear features extending up to 1.5 kms in length. These strong magnetic structures - typically associated with mineralization - will be used for drill targeting. Given the geologic and mineral similarities, the Company anticipates Lynx hosting potentially comparable nickel and magnesium grades as at Beaver.

The ground magnetics surveys completed at Lynx and Beaver were effective at both sharpening the confines of strong magnetic relief, interpreted as the near surface expression of nickel-magnesium mineralization hosted by magnetic serpentinite bodies, as well as indications of the orientation of the mineralization.

The strong magnetic bodies delineated by the 2022 survey form both linear as well as broad circular anomalous areas. The linear features are likely indicative of thrust planes created during the subduction of the lower crust forming wedges near the mantle. Broad circular features, typically 3 - 6 km2, likely signify hot spots or mud volcanoes formed by the crust's proximity to the mantle.

John Gomez, President of MINE, states, "Air and ground mag surveys have been highly effective exploration targeting tools to finding significant magnesium and nickel rich mineralization. Given the number of targets the surveys are generating, it's exciting to appreciate the size potential of mineralization at Lynx and Beaver. We look forward to drill testing the Lynx area in 2022, as well as continuing with ground surveys to cover other strong magnetic targets already identified by airborne magnetics."

Magnetic Surveys and Stream Sediment Data Define Large Mineral Targets

Air and ground magnetics surveys at the Beaver property, located 11 km north of Lynx (Figure 2), have proven very effective at delineating magnetite-serpentinite rocks hosting magnesium-nickel mineralization, and other critical minerals including cobalt and chromium. At Beaver, magnetic surveys have identified five magnetite-serpentinite zones with a cumulative strike length of approximately 10 kilometres.

The Lynx area is geologically similar to Beaver with even larger prospective targets areas. Regional stream sediment sampling (RGS) data collected by the Province of British Columbia illustrates the existence of a large 10 x 5 kilometre nickel anomaly at Lynx, the largest in the region. An airborne magnetics survey delineated an 8-kilometre-wide ring-like magnetic anomaly and several strong magnetic anomalous trends - all greater than 2 kilometres in length.

Figure 1: Total Field ground-magnetic survey results (Airborne TF magnetics background) over the Bear and Skulow zones, two of five main mineral exploration targets on the Lynx property. The survey grids, completed in February by Scott Geophysics Ltd., were chosen due to their proximity to the paved Likely Road allowing access to most of the grid area during the winter. The project was halted prematurely while surveying the Skulow grid due to unsafe spring thaw conditions; as such, a large portion of the Skulow grid remains unsurveyed. To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/3069/120804_9540e638d4beba61_001full.jpg

Inomin's 100% owned Beaver-Lynx magnesium-nickel project, approximately 20,000 hectares in size, is located 15 - 25 kilometres east and southeast of Taseko Mines Ltd.'s Gibraltar Mine in British Columbia's Cariboo Mining Region. The topography of the properties is relatively flat and easily accessible via all-season roads as well as a network of forestry roads providing access to most portions of the properties. Other important nearby infrastructure includes electricity (hydro) and railroad. Skilled workers, contractors, and suppliers are available locally from the city of Williams Lake situated about 20 kilometres south of Lynx (Figure 2).

Figure 2: The Beaver-Lynx magnesium-nickel project is a large 20,000-hectare property located in the mineral and infrastructure-rich Cariboo Mining Region of south-central British Columbia. To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/3069/120804_9540e638d4beba61_003afull.jpg

Inomin Mines is focused on the acquisition and exploration of mineral properties with strong potential to host significant resources, especially gold, silver, and critical minerals. Inomin holds the La Gitana and Pena Blanca gold-silver properties in Mexico. The Company owns a 100% interest in the Beaver-Lynx magnesium-nickel project in south-central British Columbia, and the Fleetwood zinc-copper-gold-silver VMS project in south-west British Columbia. Inomin also holds a royalty on the King's Point gold-copper-zinc project in Newfoundland owned by Maritime Resources Corp. Inomin trades on the TSX Venture Exchange under the symbol MINE. For more information, visit www.inominmines.com and follow us on Twitter @InominMines.

Inomin Mines Director, L. John Peters P.Geo, a qualified person as defined by NI43-101, has reviewed and approved the technical information in this news release.

On behalf of the board of Inomin Mines:

Inomin Mines Inc. Per: "John Gomez" President and CEO

For more information please contact:

John Gomez Tel. 604.566.8703 info@inominmines.com

Forward-Looking Statements: This news release contains certain statements that may be deemed "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/120804

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Inomin Mines Inc. (TSXV: MINE), ("Inomin", "MINE" or the "Company") is pleased to announce previously unreported significant magnesium (Mg) grades from historical 2014 drilling on the Beaver property. Highlights include BN14-23 which reported 100.6 meters (m) at an average grade of 21.5% Mg with 0.14% Ni (nickel). These holes were drilled in the Skelton and Ring zones - not drill tested by Inomin in the 2021 drilling campaign - as well as the North Lobe zone. The historic results, combined with the newly released 2021 drill results, demonstrate that high-grade magnesium mineralization is widespread at Beaver. The 2014 drill core is on the property and additional sampling will be completed on these holes during the upcoming 2022 field season.

Table 1: Notable Mineralization from Historic Drilling

John Gomez, president of MINE, states, "These unreported, high-grade, magnesium results from drilling by a previous operator, plus the Company's 2021 drill results, confirms Beaver's potential for hosting, in addition to large volumes of nickel, extensive high-grade magnesium. We are in the unique position of having high-grade magnesium and potentially a lot of it - a great combination."

Inomin's inaugural 2021 drilling program encountered significantly greater magnesium than past drill programs. Exploration results include the longest mineralized hole ever drilled at Beaver, and the first-ever drilling in the Spur zone. At Spur drill-hole B21-02 intersected 252.1 metres grading 20.6% magnesium and 0.16% nickel. Drill-hole B21-03 - located approximately 600 metres south - returned 175.26 m grading 21.0% magnesium and 0.17 nickel, starting just 9.14 m from surface.

Magnesium and nickel prices have tripled and quadrupled respectivelysince the 2014 drilling programsat Beaver. Furthermore, Canada's 2022 budget, released last week, has earmarked $3.8 billion to implement the country's first critical minerals strategy, to ramp-up the extraction and processing of key minerals, including nickel, lithium, cobalt, and magnesium.

Figure 1: Beaver Property Historic and Current Drillhole Locations

To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/3069/119894_16a2f140948e2a6d_001full.jpg

Although the 2014 drill program and results were not completed by Inomin, L. John Peters, P.Geo., a qualified person as defined by NI43-101, was the QP and supervisor for the 2014 drilling completed on Beaver by the previous operator.

Analytical processing of the core samples for the reported grades from 2014 drill core was completed by ALS Laboratory located at 2103 Dollarton Hwy, North Vancouver, BC. Preparation methods (ALS code: SCR-41) involved drying and crushing the sample, then dry-sieving using a 180 micron (Tyler 80 mesh) screen. Analyses (ALS code: Ni-ICP05) was chosen for the selective decomposition of nickel sulphide to discriminate the nickel between the sulphides and the silicates. A solution mixture of 10% ammonium citrate and 35% hydrogen peroxide was used to leach the samples. Hydrogen peroxide, a strong oxidizing agent, oxidizes Ni sulphide to sulphate and releases Ni sulphide into the solution. Nickel in oxide and metallic forms are not leached if the leach time does not exceed a few hours at ambient temperature. Total digestion time was 2 hours. Final analysis was completed using Inductively Coupled Plasma - Atomic Emission Spectroscopy (ICP-AES).

Inomin's 100% owned Beaver-Lynx project, approximately 20,000 hectares in size, is located 15 - 25 kilometres east and southeast respectively of Taseko Mines Ltd.'s Gibraltar mine in British Columbia's Cariboo Region. Initial exploration and metallurgical studies at Beaver area in 2013 - 2014, including geophysical surveys and diamond drilling programs, demonstrated the property's potential to host large volumes of near-surface, Class 1 sulphide nickel and cobalt, amenable to conventional extraction methods.

The Lynx area is geologically similar to Beaver with even larger prospective target areas. RGS (regional stream sediment) data collected by the Province of British Columbia illustrates the existence of a large 10 x 5 kilometre nickel anomaly at Lynx. An airborne magnetics survey delineated an 8 kilometre-wide ring-like magnetic anomaly and several strong magnetic anomalies - all greater than 2 kilometres in length. The Lynx property shows potential for multiple, large, bulk-tonnage, nickel deposits.

The Beaver-Lynx project is situated in relatively flat terrain and easily accessible via all-season roads, as well as a network of forestry roads providing access to most of the property. Other important nearby infrastructure includes electricity (hydro-power) and railroad. Skilled workers, contractors, and supplies are available locally from the city of Williams Lake situated about 20 kilometres south of Lynx.

Inomin Mines Director, L. John Peters P.Geo, a qualified person as defined by NI43-101, has reviewed and approved the technical information in this news release.

For further information about the Beaver-Lynx project visit MINE's website at www.inominmines.com

Inomin Mines is focused on the acquisition and exploration of mineral properties with strong potential to host significant resources, especially gold, silver, and critical minerals. Inomin holds the La Gitana and Pena Blanca gold-silver properties in Mexico. The Company owns a 100% interest in the Beaver-Lynx magnesium-nickel-cobalt project in south-central British Columbia, and the Fleetwood zinc-copper-gold-silver VMS project in south-west British Columbia. Inomin also holds a royalty on the King's Point gold-copper-zinc project in Newfoundland owned by Maritime Resources Corp. Inomin trades on the TSX Venture Exchange under the symbol MINE. For more information visit www.inominmines.com and follow us on Twitter @InominMines.

On behalf of the board of Inomin Mines:

Inomin Mines Inc. Per: "John Gomez" President and CEO

For more information please contact:

John Gomez Tel. 604.566.8703 info@inominmines.com

Forward Looking Statements: This news release contains certain statements that may be deemed "forward-looking statements". Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/119894

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Inomin Mines Inc. (TSXV: MINE), ("Inomin", "MINE" or the "Company") is responding to misleading comments and statements made by newsletter writer, John Kaiser ("Kaiser"), publisher of Kaiser Research Online. In Mr. Kaiser's blog and podcast of March 31, he made a number of inaccurate and misleading remarks about the Company's March 29th announcement ("News Release") reporting drill results from Inomin's Beaver critical minerals property discovery. Mr. Kaiser's remarks contributed to a sell-off in the Company's shares, with the stock closing down 29.5% on March 31.

A few of John Kaiser's False and Misleading Remarks:

Kaiser implied the Company used the wrong analytical technique for the samples, and off-the-cuff stated what the grades should actually be.

Inomin consulted with SGS Laboratory professionals prior to submitting samples for analysis. SGS's best recommendation was to utilize a mild sodium peroxide digestion to deal with the issue of analyzing for silicate nickel, as stated in the Company's News Release.

Kaiser stated the Company presented assay results in ppm instead of percentage to confuse investors.

Reporting assay results in ppm is a common, standard reporting practice. The Company also reported select better grades in percentage in the title and first paragraph of news release. Stating we intended to confuse investors is false.

Kaiser inferred that magnesium cannot be extracted from ultramafic rocks containing the mineral serpentine.

Quebec-based Alliance Magnesium Inc (AMI) and Marubeni Metals and Minerals Canada Ltd. are planning the mining and processing of serpentine ore as an environmentally friendly source for magnesium at their Danville metallurgical site. The magnesium plant currently under construction will process 100 million tons of serpentine rock, the raw material that AMI will use in its production.

Kaiser suggested we paid UBC (University of British Columbia) to analyze our samples to participate in the university's carbon sequestration program.

Inomin did not pay UBC for analysis of the Company's samples. Furthermore, UBC specifically requested the Company submit magnesium-rich samples.

Kaiser criticized Inomin's reference to magnesium, nickel, and chromium as critical minerals.

A critical material is generally defined as a raw material of great economic importance with high risks of supply constraints. Magnesium, nickel, and chromium are among the list of critical minerals for Canada and the United States.

Inomin stands by its discovery announcement of March 29, 2022. The Company believes it has the opportunity to delineate significant resources of critical minerals of which magnesium is currently the most valuable having increased approximately 400% in the past 12 months.

Source: Trading Economics. To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/3069/119073_48b1487474565b4f_001full.jpg

For large scale mining projects, infrastructure is key. At the Beaver project, the land is flat lying, meaning that drilling and exploration activity can occur year-round without the need of helicopters, air support or boats. There is a nearby paved highway, all-season forestry roads, major power lines and nearby active rail lines. Local mining services and infrastructure are available at the nearby city of Williams Lake.

Inomin is planning a next phase exploration program at Beaver-Lynx to build on the Company's autumn 2021 drill discovery. Subject to financing, the Company expects to complete a substantial drilling program to determine the extent of mineralization at Beaver, as well as continue to define drill targets for the nearby Lynx property.

Inomin Mines Director, L. John Peters P.Geo, a qualified person as defined by NI43-101, has reviewed and approved the technical information in this news release.

Inomin Mines is focused on the acquisition and exploration of mineral properties with strong potential to host significant resources, especially gold, silver and critical mineral projects. Inomin holds the La Gitana and Pena Blanca gold-silver properties in Mexico. The Company owns a 100% interest in the Beaver-Lynx sulphide nickel project in south-central British Columbia, and the Fleetwood zinc-copper-gold-silver VMS project in south-west British Columbia. Inomin also holds a royalty on the King's Point gold-copper-zinc project in Newfoundland owned by Maritime Resources Corp. Inomin trades on the TSX Venture Exchange under the symbol MINE. For more information visit www.inominmines.com and follow us on Twitter @InominMines.

On behalf of the board of Inomin Mines:

Inomin Mines Inc. Per: "John Gomez" President and CEO

For more information please contact:

John Gomez Tel. 604.566.8703 info@inominmines.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/119073

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Drilling also Finds Silver and Copper

Inomin Mines Inc. (TSXV: MINE), ("Inomin", "MINE" or the "Company") reports significant new discoveries of nickel, magnesium, and chromium at the Company's Beaver nickel-cobalt property in south-central, British Columbia. Drill-hole B21-02 intersected 252.1 metres (m) grading 20.6% magnesium, 0.16% nickel, and 0.33% chromium. B21-02 is the longest mineralized hole ever drilled at Beaver, and the first-ever drilling in the Spur zone, one of five large mineralized areas at the property. Hole B21-01 at Spur also made another first, discovering near-surface silver and copper, intersecting 649 gt silver and 0.29% copper over 3 metres, before the hole was terminated due to difficult ground drilling conditions. All holes ended in mineralization leaving the discoveries open to extension at depth.

Summary - 2021 Drilling on the Beaver Property

Table 1: Drill Summary (No attempt was made to correct for true thickness) Notes: 1Drill hole terminated due to ground conditions. 2Entire mineralized zone average.

The 2021 drilling program, consisting of 5 holes (716 m), successfully tested mineralization over a strike length of 5.7 kilometres. Drilling confirmed the presence of significant, near-surface, polymetallic mineralization over the tested strike length, and discovered mineralization in untested areas of the property. Drilling in the Spur and North Lobe zones, the focus of the 2021 drilling, intersected long intervals of favourable mineralization up to 252 metres in thickness, open to expansion in all directions. All drillholes ended in mineralization.

John Gomez, President of MINE states, "Our initial drilling program demonstrates Beaver's potential for hosting large volumes of nickel, as well as magnesium and chromium - all critical metals. Finding significant magnesium and chromium in new areas of the property is a tremendous discovery that adds considerable more value to the project."

A ground magnetics program on the Lynx block of the Beaver property, started in early February, has been concluded and results are pending. The magnetics program was implemented to delineate targets for the next phase of drilling in this previously untested area.

Figure 1: Drillhole Location Map (TF Magnetics Background)

To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/3069/118431_197d2c89145d8b5b_001full.jpg

SGS Minerals Services of Burnaby, BC was chosen to analyze the core samples. Samples were dried, crushed, split, and pulverized prior to analyses. Multi-element analyses was completed using SGS's GE-ICP90A50 method which is a 29 element package using a sodium peroxide digestion with an ICP-AES finish. This package was chosen specifically to discriminate sulphide nickel from silicate nickels generally found in olivines.

Collaboration with University of British Columbia

Select magnesium-rich samples from the drilling program will be analyzed at the University of British Columbia (UBC). Led by award-winning professor Dr. Greg Dipple, UBC researchers have demonstrated that magnesium captures carbon dioxide (CO2) from the air in tailings of ultramafic nickel, diamonds, and PGEs deposits.

Magnesium is a key mineral for carbon capture as it naturally sequesters CO2. In tailings magnesium reacts with CO2 removing it from the atmosphere, converting it into a safe, solid form that is stable for thousands of years. Depending on the amount of carbon dioxide sequestered, it is technically possible for mines to be carbon neutral or even negative in terms of CO2 emissions.

Inomin is pleased to be working with UBC to support their leading carbon mineralization research and advancement of carbon capture technology. Carbonization technology could have a substantial impact to decrease carbon emissions and assist companies and governments reduce their CO2 footprints to fight climate change.

Inomin's 100% owned Beaver-Lynx project, approximately 20,000 hectares in size, is located 15 - 25 kilometres east and southeast respectively of Taseko Mines Ltd.'s Gibraltar Mine in British Columbia's Cariboo Region. Initial exploration and metallurgical studies at Beaver in 2013 - 2014, including geophysical surveys and diamond drilling programs, demonstrated the property's potential to host large volumes of near-surface, Class 1 sulphide nickel and cobalt, amenable to conventional extraction methods.

Inomin Mines Director, L. John Peters P.Geo, a qualified person as defined by NI43-101, has reviewed and approvedthe technical information in this news release.

For further information about the Beaver-Lynx project visit MINE's website at www.inominmines.com.

Inomin Mines is focused on the acquisition and exploration of mineral properties with strong potential to host significant resources, especially gold, silver and nickel projects. Inomin holds the La Gitana and Pena Blanca gold-silver properties in Mexico. The Company owns a 100% interest in the Beaver-Lynx sulphide nickel project in south-central British Columbia, and the Fleetwood zinc-copper-gold-silver VMS project in south-west British Columbia. Inomin also holds a royalty on the King's Point gold-copper-zinc project in Newfoundland owned by Maritime Resources Corp. (TSXV: MAE). Inomin trades on the TSX Venture Exchange under the symbol MINE. For more information visit www.inominmines.com and follow us on Twitter @InominMines.

On behalf of the board of Inomin Mines:

Inomin Mines Inc. Per: "John Gomez" President and CEO

For more information please contact:

John Gomez Tel. 604.566.8703 info@inominmines.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/118431

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Survey Increased to Include Two Large Sulphide Nickel Targets

Inomin Mines Inc. (TSXV: MINE), ("Inomin", "MINE" or the "Company") reports a ground magnetic survey is underway at MINE's Lynx nickel property in south-central British Columbia. The survey comprises 228 line-kilometres (kms) across the Bear and Skulow zones, two large 2 x 3 km sulphide nickel targets (Figure 1).

Figure 1: Location of ground-magnetic survey grids over Bear and Skulow zones of Lynx property. A distinct 8 kilometre-wide ring-like magnetic anomaly and several strong magnetic anomalies greater than 2 kilometres in length have been delineated at Lynx by an airborne magnetics survey. To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/3069/113615_5e6d94d2245ccb12_001full.jpg

Magnetics surveys in the Company's Beaver block located 11 km north of Lynx of the Beaver-Lynx project (Figure 2) have proven very effective at delineating magnetite-serpentinite rocks hosting nickel-cobalt mineralization. At Beaver, airborne and ground magnetic surveys have identified five magnetite-serpentinite zones with a cumulative strike length of approximately 10 kilometres. Historic drilling at these zones intersected strongly magnetic shallow-dipping serpentinites hosting nickel mineralization in sulphide form.

The Lynx area is geologically similar to Beaver with even larger prospective targets areas. RGS (regional stream sediment) data collected by the Province of British Columbia illustrates the existence of a large 10 x 5 kilometre nickel anomaly at Lynx. An airborne magnetics survey delineated an 8 kilometre-wide ring-like magnetic anomaly and several strong magnetic anomalies - all greater than 2 kilometres in length.

Given the positive drill results related to areas of significant magnetite-rich serpentinite rocks in the Beaver property, Lynx displays potential to host multiple zones of large, disseminated, sulphide nickel. Cobalt occurs with nickel mineralization in the Beaver property.

A 2020 National Instrument 43-101 technical report on the Beaver-Lynx sulphide nickel project - available on Inomin's website www.inominmines.com - notes that the Beaver property hosts large volumes of nickel and cobalt mineralization amendable to conventional floatation extraction techniques.

Inomin's 100% owned Beaver-Lynx project, approximately 20,000 hectares in size, is located 15 - 25 kilometres east and southeast respectively of Taseko Mines Ltd.'s Gibraltar Mine in British Columbia's Cariboo Mining Region. The topography of the properties is relatively flat and easily accessible via all-season roads as well as a network of forestry roads providing access to most of the properties. Other important nearby infrastructure includes electricity (hydro) and railroad. Skilled workers, contractors, and suppliers are available locally from the city of Williams Lake situated about 20 kilometres south of Lynx (Figure 2).

Inomin is seeking a joint venture partner for the Beaver-Lynx project in order to test the property's multiple large zones for sulphide (class 1) nickel and cobalt. The project is prospective for near-surface, bulk-tonnage style, nickel-cobalt deposits. Nickel and cobalt are critical metals for Canada and the United Sates, essential for the countries' growing infrastructure and clean energy requirements.

For further information about the Beaver-Lynx project visit MINE's website at www.inominmines.com.

Figure 2: The Beaver-Lynx nickel-cobalt project is a large 20,000 hectare project located in the mineral and infrastructure-rich Cariboo Mining Region of south-central British Columbia. To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/3069/113615_5e6d94d2245ccb12_002full.jpg

Inomin Mines is focused on the acquisition and exploration of mineral properties with strong potential to host significant resources, especially gold, silver and nickel projects. Inomin holds the La Gitana and Pena Blanca gold-silver properties in Mexico. The Company owns a 100% interest in the Beaver-Lynx sulphide nickel project in south-central British Columbia, and the Fleetwood zinc-copper-gold-silver VMS project in south-west British Columbia. Inomin also holds a royalty on the King's Point gold-copper-zinc project in Newfoundland owned by Maritime Resources Corp. Inomin trades on the TSX Venture Exchange under the symbol MINE. For more information visit www.inominmines.com and follow us on Twitter @InominMines.

Inomin Mines Director, L. John Peters P.Geo, a qualified person as defined by NI 43-101, has reviewed and approvedthe technical information in this news release.

On behalf of the board of Inomin Mines:

Inomin Mines Inc. Per: "John Gomez" President and CEO

For more information please contact:

John Gomez Tel. 604.566.8703 info@inominmines.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/113615

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

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

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

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

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, Integral's performance, the trading of the Company's shares and the Company's future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Emerita, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Emerita has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Emerita does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

For further information, please contact:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

ON BEHALF OF THE BOARD,

"Brad Peters" President and Chief Executive Officer

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 1. 3D Borehole Pulse EM system

Click Image To View Full Size

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

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

President and Chief Executive Officer

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

About the Escalones February 2022 PEA Study

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

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

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

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

On Behalf of the Board of Directors of

"Nolan Peterson" Nolan Peterson Chief Executive Officer and President

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

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

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

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

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

Cautionary Note Regarding Forward-Looking Statements

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129374

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