CMC Metals Ltd. Identifies Significant Exploration Potential on Its Silverknife Property in the Emerging Rancheria Silver District, Northern B.C.

VANCOUVER, BC / ACCESSWIRE / March 20, 2024 / CMC Metals Ltd. (TSXV:CMB)(Frankfurt:ZM5P)(CMCXF:OTCQB) ("CMC" or the "Company") is pleased to announce that the Company has completed a detailed review of over 4 decades of historical and recent exploration data on its Silverknife Property that has resulted in the identification of four large zones with significant exploration potential. The review was completed by CMC's Project Geologist Cesar Symonds along with Company President and Chief Geoscientist, Kevin Brewer.

The Silverknife Property is located immediately west of Coeur Mining Inc. very high-grade silver-lead-zinc-critical minerals carbonate replacement deposit (i.e the "Silvertip mine") located in the emerging Rancheria Silver District in north-central British Columbia. CMC has only conducted preliminary exploration at the Silverknife Property and intends to focus future exploration efforts on the property. The company will also continue to advance exploration and evaluation of the Amy and Silver Hart properties in the Rancheria Silver District when market conditions improve.

Mr. John Bossio, Chairman of the Company noted "Silverknife is a property with significant exploration merit and now that we have secured 100% ownership we are working diligently to secure a strategic partner to advance an aggressive exploration program. We remain very committed to all of our projects in the emerging Rancheria Silver District."

Mr. Kevin Brewer, P.Geo. and President and CEO of the Company noted that "Our in-depth analysis of the data produced some highly positive results. That work truly demonstrated to us the vast exploration potential encompassing a majority of the property area. We accomplished a lot in 2023 including the establishment of a 20 person modern camp facility, confirmation of the Cassiar instrusive, and identification of significant fault structures and mineralization in the Silverknife Prospect Zone. This hard work has culminated in the generation of a very detailed exploration plan which we now plan to implement. We expect to focus initial work efforts in the Tootsee North and Silverknife South and a description of the positive features of these areas is further described. I look forward to a very successful 2024 exploration season at Silverknife."