Saville Resources Extends Earn-In Agreement with Commerce Resources for the Niobium Claim Group Property, Quebec

VANCOUVER, BC / ACCESSWIRE / February 14, 2023 / Saville Resources Inc. (TSXV:SRE)(FSE:S0J) (the "Company" or "Saville") is pleased to announce the extension of the earn-in agreement with Commerce Resources Corp.'s (CCE)(D7H0)(CMRZF) ("Commerce Resources") for exploration of the Niobium Claim Group Property (the "Property"), a subset of the Commerce Resources' Eldor claims, located in northern Quebec. The agreement will be extended, with similar terms as originally agreed upon in January 2018 (see news release dated January 11^th, 2018), for one additional year, until January 2024.

Saville Resources President and CEO Mike Hodge states "We are excited to have this extension to our Earn-in in place as we continue to explore and delineate the Mallard and Miranna prospects at the Property. Our exploration since acquiring the option has resulted in the best niobium drill intersections to date at Mallard and has confirmed high-grade niobium at depth in the first drill holes to test the Miranna Prospect. We are very excited to follow-up with additional drilling at these two prospects in the coming year ahead."

The Niobium Claim Group Property consists of 26 contiguous mineral claims, encompassing an area of approximately 1,223 hectares, and is considered prospective for niobium, tantalum, phosphate, and fluorspar. The Property includes the Miranna Target, where 5.9% Nb₂O₅ and 1,220 ppm Ta₂O₅ has been returned in boulder sampling and 0.72% Nb₂O₅ over 20.4 m, including 1.20% Nb₂O₅ over 3.1 m (EC21-180), has been returned in initial drill testing. Additionally, the Property hosts the more advanced Mallard Prospect where drilling has returned wide intercepts of mineralization, including 1.00% Nb₂O₅ over 17.1 m, within a larger interval of 0.82% Nb2O5 over 42.3 m (EC21-175)

NI 43-101 Disclosure

Darren L. Smith, M.Sc., P.Geo., Dahrouge Geological Consulting Ltd., a Permit holder with the Ordre des Géologues du Québec and ‘Qualified Person' as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects, supervised the preparation of the technical information in this news release.

About Saville Resources Inc.

The Company's principal asset is the Niobium Claim Group Property, situated within the central Labrador Trough, Quebec, and currently under Earn-In Agreement from Commerce Resources Corp. for up to a 75% interest. The Property consists of 26 contiguous mineral claims, encompassing an area of approximately 1,223 hectares, and is considered prospective for niobium, tantalum, phosphate, and fluorspar. The Property includes the Miranna Target, where prior boulder sampling in the area has returned 5.9% Nb₂O₅ and 1,220 ppm Ta₂O₅, as well as the Mallard Prospect where drilling has returned wide intercepts of mineralization, including 1.00% Nb₂O₅ over 17.1 m, within a larger interval of 0.82% Nb2O5 over 42.3 m (EC21-175).