CMC Files Drill Permits for Amy and Silverknife Properties, Rancheria Silver District, Northern BC - Seite 2

The Company has also contacted the First Nations who have overlapping traditional territories to gather their perspectives on proposed exploration activities, issues identification and mitigation approaches. The aim of the Company is to undertake early-stage engagement and consultation activities with the goal to conclude exploration agreement(s) with First Nations.

Kevin Brewer, President and CEO noted, "Our preliminary visits of these properties this past summer and results from samples collected at Amy (see press release January 6, 2022, www.cmcmetals.ca) convinced us to advance Silverknife and Amy projects to the drill ready stage as quickly as possible in 2022. These properties hold considerable exploration potential with a lot of positive historical results and a demonstrated presence of very high grades of silver-lead-zinc mineralization in possible carbonate-replacement ("CRD") style deposits. CRD deposits are typically high grade and tonnage deposits - 30-100 million tonnes in size. So, these are attractive targets on these properties for CMC. The budgets for these proposed operational plans are reasonable, affordable, and will not detract from advancing our resource definition work at our flagship Silver Hart Property. We also understand the importance of dialogue and effective communications with First Nations. It has been challenging to contact Frist Nations as COVID has impacted these governments and remote communities. Like everyone, we hope that these impacts on our lives will soon reach an end and we can start to have face to face meetings in the near future."

Mr. John Bossio, Chair noted, "The Board have reviewed the proposed operational plans and have concluded that they have the potential to add considerable value generation for the Company. The proposed work plans will start to confirm the considerable exploration potential of Amy and Silverknife. Being so close geographically to the Silvertip silver-lead-zinc mill complex we fell can provide us with an advantage in terms of having to only focus on identifying a resource and advancing development on these properties in the medium term."

Detailed property information and the proposed operational plans will be posted in the near future on our website at www.cmcmetals.ca.

Qualified Person

Kevin Brewer, a registered professional geoscientist in BC, Yukon and Newfoundland, is the Company's President and CEO, and Qualified Person (as defined by National Instrument 43101). He has approved the technical information reported herein. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.