CMC Metals Awards Drill Contract for its 2023 Exploration Programs

VANCOUVER, BC / ACCESSWIRE / March 23, 2023 / CMC Metals Ltd. (TSX-V:CMB)(Frankfurt:ZM5P)(OTCQB:CMCXF) ("CMC" or the "Company") is pleased to announce that it has selected Flamingo Drilling Ltd. ("Flamingo") to conduct up to 3,000 meters of exploration drilling in 2023.

Subject to receipt of a drill permit which is expected within the next 2-3 months, CMC is proposing to undertake a 3,000-meter drill program on its Silverknife Property (north-central British Columbia) that is located immediately west of the Silvertip Mine (owned by Couer Mining Inc.). The Silvertip mine is one of the highest-grade underground silver-lead-zinc mines in the world and the immediate area around it is considered as highly prospective for carbonate replacement ("CRD") style deposits that typically form in clusters.

Flamingo will provide a modern style Zinex U5 drill, a version of the A5 drill of which over 400 units have operated on drill projects worldwide and are recognized as high performance drills. Flamingo have extensive experience in delivering effective drill programs in remote areas such as Yukon.

Kevin Brewer, President and CEO noted: "We are very pleased to have Flamingo aboard with us this year and hopefully for many years to come. We have been seeking out a drilling company that could provide us with the modern style of drill that is highly portable but yet has the depth and hole size capabilities we need to investigate the exploration targets we have on our Silverknife and Silver Hart properties. Another key advantage of using a this style of drill is that it requires a very small drill pad footprint, enabling us to minimize ground disturbance on our exploration sites. Flamingo have the experience in Yukon and we are looking forward to a very successful drill program with them this year."

About CMC Metals Ltd.

CMC Metals Ltd. is a growth stage exploration company focused on opportunities for high grade polymetallic deposits in Yukon, British Columbia and Newfoundland. Our polymetallic silver-lead-zinc CRD prospects in the Rancheria Silver District include the Silverknife project (British Columbia), located in very close proximity to one of the world's highest grade underground silver-lead-zinc mines in the world (owned by Coeur Mining Inc.), the Silver Hart Deposit and Blue Heaven claims (Yukon), Amy claims located 7km west of the Silverknife claims (British Columbia). Our polymetallic projects with potential for copper-silver-gold and other metals include Bridal Veil, Terra Nova (optioned to Highbank Mining Inc.), and Rodney Pond (central Newfoundland) and Logjam (Yukon).