Metals Creek Options Jackson's Arm and Tilt Cove Properties in Newfoundland to Anaconda Mining Inc. - Seite 2

Key exploration highlights:

• Both projects are located along regional splays of the Long Range Fault system - a fertile gold bearing structure.
• A similar fault system, the Red Indian Line (and associated structures), was the focus of a recent staking rush for gold and, like the Long Range Fault, it is host to significant gold deposits.
• Both projects are located proximal to Anaconda's existing infrastructure at the Pine Cove Mine, accessible by road and have significant upside for discovery and resource growth.

The Jackson Arm Property is now part of Anaconda's Great Northern Project and boasts several gold prospects and showings including the Stocker, Shrik, Boot N' Hammer, and 954 Prospects. Surface grab samples assaying up to 20.2 g/t gold and 1232.0 g/t silver at the Boot N' Hammer Prospect; up to 56.7 g/t gold and 2.75 oz Silver at the Stocker Prospect; up to 7.2 g/t gold at the Shrik prospect; and 13.6 g/t gold at the 954 Prospect.

Great Northern Project Overview

The Great Northern Project is located near the community of Jackson's Arm, NL and is centered along the Doucer's Valley Fault, a regional splay off the Long Range Fault. The Doucer's Valley Fault is a significant geological control on and host to several gold deposits including Anaconda's Thor deposit (83,000 ounces Indicated and 31,000 Inferred resources)* and the Rattling Brook deposit (435,000 Inferred)**.

Tilt Cove Property Overview

Tilt Cove is located within the Baie Verte Mining District, near the community of La Scie, NL, approximately 60 km by road from the Company's Pine Cove mill. Tilt Cove is characterized by the same geological environment as Point Rousse, specifically the Nugget Pond horizon, an iron formation that hosted the historical high-grade-gold Nugget Pond mine, which produced 166,000 ounces of gold with an average grade of approximately 11 g/t. The Tilt Cove property has several occurrences with high grade gold grab samples from historical and recent prospecting including 69.38 g/t gold from the Scarp zone, 13.47 g/t gold from the Shaft zone and 6.02 g/t gold from the Road showing.