Aston Bay Signs Definitive Agreement to Option the Epworth Sediment Hosted Copper-Silver-Zinc-Cobalt Project, Nunavut, Canada; Dr. Elizabeth Turner Joins Advisory Board

Expanding Aston Bay's large-scale high-grade copper portfolio

TORONTO, ON / ACCESSWIRE / April 24, 2024 / Aston Bay Holdings Ltd. (TSX-V:BAY)(OTCQB:ATBHF) (the "Company" or "Aston Bay") is pleased to announce that on April 23, 2024, it entered into a definitive agreement (the "Agreement") with Emerald Geological Services ("EGS") pursuant to which it has been granted an option (the "Option") to acquire an undivided 80% beneficial interest in a property owned by EGS in Nunavut, Canada (the "Property") (see March 1, 2024 Aston Bay press release). In addition, the Company is excited to announce the appointment of Dr. Elizabeth Turner to the Company's Technical Advisory Board.

Highlights

Mineralization at Epworth is similar in style to the mineralization in deposits of the Central African Copper Belt and Aston Bay's Storm Copper Project

Over 74-kilometre ("km") long trend of sediment-hosted style stratiform copper ("Cu"), silver ("Ag"), zinc ("Zn") and cobalt ("Co") mineralization

Chalcocite boulders at surface yield up to 61.2% Cu with 5600 grams per tonne ("g/t") Ag in select rock grab samples from over 300 historic samples

Recent prospecting rock grab samples yielded up to 37.8% Cu, 27.4% Zn, 1100 g/t Ag, 3.0 g/t gold ("Au") and 1700 ppm Co

$3 million total expenditure over four years to acquire an 80% interest with no yearly minimums

Airborne electromagnetic ("EM") geophysical program planning is underway for late spring 2024

Land Use Permit granted, mapping program planned for summer 2024, with late summer drill program contemplated

Dr. Turner brings a wealth of experience in sediment-hosted copper deposits and the geology of northern Canada

"We are pleased to sign the definitive agreement for the Epworth Property," stated Thomas Ullrich, CEO of Aston Bay, "and we are very excited to have Dr. Elizabeth Turner join our Technical Advisory Board. Dr. Turner has extensive knowledge earned walking the ground in over three decades of fieldwork in northern Canada and more recently in central Africa. As well, her academic focus on the controls on sedimentary-rock-hosted mineralization makes her a formidable source of knowledge to add to our accomplished group of technical advisors and associates.