Emerita Intersects 14.0 Meters Grading 4.3% Copper Included Within 26.8 Meters Grading 2.6% Copper At La Romanera Deposit, Increases Number Of Drills At IBW Project To Thirteen |

Emerita Resources Corp. (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) (the "Company" or "Emerita") is pleased to announce additional assay results from the 2022 delineation drilling at the La Romanera Deposit at its wholly owned Iberian Belt West project ("IBW" or the "Project"). IBW hosts three previously identified massive sulphide deposits: La Infanta, La Romanera and El Cura. All deposits are open for expansion along strike and at depth. The Company also announces that it continues to accelerate drilling at IBW where it has increased the number of drill rigs from 10 to 13. Presently, there are 12 drills on La Romanera deposit delineation and 1 rig continues to drill at La Infanta. Six drilling companies are engaged in the program.

Assay results have been received from 2 drill holes (LR019 and LR023) at the La Romanera deposit reported below.

Drill hole LR019 intercepted massive sulphide mineralization along section 6525E. The drill hole encountered the two lenses that comprise La Romanera deposit.

The Upper Lens was intersected at 302.0 m down the hole and comprises 31.0 m grading 0.2 % Cu; 0.5 % Pb; 0.6 % Zn; 1.7 g/t Au and 37.4 g/t Ag, including 9.7 m grading 0.3 % Cu; 0.5 % Pb; 0.7 % Zn; 3.4 g/t Au and 32.1 g/t Ag . The Lower Lens was intercepted at 345.7 m, 18.9 m below the Upper Lens and encountered 26.8 m grading 2.6 % Cu; 0.5 % Pb; 1.1 % Zn; 0.3 g/t Au and 28.6 g/t Ag, including 14.0 m grading 4.3 % Cu; 0.8 % Pb; 1.7 % Zn; 0.3 g/t Au and 41.7 g/t Ag). Historical drills in this area, on the west side of the deposit, stopped short of the Lower Lens and only intersected the Upper Lens (Figure 3) which places this intercept outside of the historical resource area.

Both lenses are thick in this area of the deposit. The Lower Lens occurs west of and outside the historical drilling area (Figures 2 and 3). The massive sulphides comprise chalcopyrite, sphalerite and galena and pyrite. The Upper Lens has high gold values, which has been observed in other drill holes drilled in this area and was not included as part of the historical assessment of the mineral resource deposit. The Lower Lens has very high copper values. This is the first intercept above 4% copper drilled in La Romanera either by Emerita or within the historical drill hole data base. The nearest historic drill hole that penetrated the Lower Lens is about 100 m to the west. The longitudinal section of the Lower Lens (Figure 3) shows the historical drill hole intercepts footprint.

According to Joaquin Merino, P.Geo., President of Emerita, "We continue to extend the mineralized envelope at La Romanera. The historical drilling was done over a number of campaigns by more than one operator and the approach appears to have been inconsistent between campaigns and as the understanding of the geology evolved over time. In certain holes massive sulphides were identified but not assayed. Emerita is seeing high gold values in areas of the Upper Lens, for example, that were not sampled in the historic holes because visually they had lower base metal content. In other areas of the deposit, Emerita is intersecting two Lenses where the historical data base only has data indicating a single lens. We continue to accelerate the drill program and look forward to delivering a NI 43-101 compliant mineral resource estimate."

Drill hole LR023 intercepted massive sulphide mineralization about 250 m below surface along section 6550E. It is approximately 50 m above drill hole LR019. It also intercepts the two lenses. The Upper Lens occurs from 281.7 m with 12.6 m grading 0.4 % Cu; 0.3 % Pb; 0.2 % Zn; 1.0 g/t Au and 22.3 g/t Ag. The Lower Lens was intersected 23.4 m below the Upper Lens comprising 5.3 m grading 0.9 % Cu; 1.2 % Pb; 1.9 % Zn; 1.0 g/t Au and 65.7 g/t Ag. In this hole, the Lower Lens has higher base metal grades than the Upper Lens and similar gold grades.

To date, 33 drill holes have been completed on the La Romanera deposit which is the main focus of the IBW program. Presently, there are 12 additional drill holes in the lab and 12 additional drill holes in progress at La Romanera. The Company keeps one rig in La Infanta doing infill drilling. Temperatures are dropping rapidly, which will facilitate improved drilling efficiency by eliminating fire hazard restrictions. The Company has also incorporated a third coreshack in the same industrial area to store core boxes.

Figure 1: Location map for drill holes LR019 and LR023. https://www.globenewswire.com/NewsRoom/AttachmentNg/46437dba-e764-4376-be95-4609654d624b

Figure 2: Vertical Longitudinal section of the Upper Lens La Romanera Deposit. The dotted outline shows the approximate area included within the historical 34 million tonnes mineral resource estimate. Drill intercepts shown are from Emerita's drill campaign and not the historical drill holes. https://www.globenewswire.com/NewsRoom/AttachmentNg/75a7c949-3f63-4009-8021-6d700bf362f8

Figure 3: Vertical Longitudinal section of the Lower Lens at La Romanera Deposit. The dotted outline shows the approximate area included within the historical 34 million tonnes mineral resource estimate. Drill intercepts shown are from Emerita's drill campaign and not the historical drill holes. Historical drill holes that intersected the Upper Lens in the area of LR019 were stopped before intersecting the Lower Lens. https://www.globenewswire.com/NewsRoom/AttachmentNg/2934efe7-a5c2-4330-9fb0-568871b21039

Table 1. Diamond drillhole data: La Romanera.

LL= Lower Lens La Romanera, UL= Upper Lens La Romanera

The scientific and technical information in this news release has been reviewed and approved by Mr. Joaquin Merino, P.Geo, President of the Company and a Qualified Person as defined by NI 43-101 of the Canadian Securities Administrators.

A qualified person, as defined in National Instrument 43-101, has not done sufficient work on behalf of Emerita to classify the historical estimate reported above as current mineral resources or mineral reserves and Emerita is not treating the historical estimate as current mineral resources or mineral reserves. The historical estimate should not be relied upon.

Emerita is a natural resource company engaged in the acquisition, exploration and development of mineral properties in Europe, with a primary focus on exploring in Spain. The Company's corporate office and technical team are based in Sevilla, Spain with an administrative office in Toronto, Canada.

Vincent Chen +1 778 990 9433 (Toronto) info@emeritaresources.com

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, the mineralization of the IBW Project; the timing of assay results; the prospectivity of the Project; the timing and ability of the Company to produce an NI 43-101 compliant mineral resource estimate and the Company's future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Emerita, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Emerita has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Emerita does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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Copper is one of the most used metals in the world and its value is constantly pointing toward a bull market. Although copper prices took a slight retreat in 2022, some forecasts show copper price could rise to an average of $9,580 per MT in 2023 and $10,400 per MT in 2026. Along with copper, zinc is a highly essential metal used in electric vehicles and other infrastructures.

In 2021, Spain exported copper ore worth $4.56 billion making it the world's 15th-largest copper ore exporter. Its zinc production also reached more than 90,000 MT in the same year.

Emerita Resources Corp. (TSXV:EMO; OTC:EMOTF) is a Canadian natural resource company that acquires, explores and develops mineral properties in Spain. The company has acquired 100 percent of the Iberian Belt West (IBW) project located in the Iberian Pyrite Belt in Spain. The area is one of the most productive volcanogenic massive sulphide (VMS) terranes in the world, offering well-established infrastructure and ease of access. In March 2021, Spanish authorities declared underground mining a preferred economic development activity for the region. The European Union declared the area strategically important to EU’s metal supply and has allocated 3.2 billion euros to support and fund mining and metallurgy projects in the region.

In June 2021, Emerita was awarded the concessions of Nuevo Tintillo, located in the eastern part of the belt, in Seville province, between the world-class deposits of Aznacóllar, in the southeast, and Rio Tinto in the northwest. The project consists of 6,875 hectares, previously held by several major companies during the 1980s and 1990s, most recently by Boliden Apirsa. Emerita is also currently in the process of acquiring the Aznalcóllar Project, a past-producing property within the Iberian Pyrite Belt that hosted open pit zinc-lead-silver mines.

Heading Emerita Resources’ management team is CEO David Gower and President Joaquin Merino-Marquez. Gower brings over 20 years of experience in mineral exploration and has made brownfield discoveries at Raglan and Sudbury, Matagami, Falcondo and greenfield discoveries at Araguaia, Kabanga and Amazonas. Merino-Marquez is a professional geologist with over 20 years of experience in the mining industry and has extensive international experience in South America, Europe and Asia-Pacific. Management holds approximately 12 percent of the company’s shares.

The IBW project is located within the renowned Iberian Pyrite Belt, one of the most productive VMS terranes in the world. The IBW Project encompasses three polymetallic deposits: La Infanta, El Cura and La Romanera. The jurisdiction is known to have a long history of mining dating back to the Roman era. Located in the western part of the belt, the IBW project extends along a strike length of approximately 12 kilometers.

The Nuevo Tintillo project was acquired by Emerita Resources in June 2021. Also hosted within the Iberian Pyrite Belt, Nuevo Tintillo encompasses 6,875 hectares, and has a rectangular shape along the east-west axis for about 25 km. These concessions were previously owned by major companies during the 1980s and 1990s, most recently by Boliden Apirsa. Traces of artisanal operations dating from the 19th century are still found on the property, most notably at Pilancrones, La Jarosa and Nazaret.

In 2022, Emerita received the results for the high-resolution, airborne geophysical survey on the Nuevo Tintillo property. The company identified magnetic anomalies and EM conductors favourable for polymetallic minerals exploration and three highly prospective targets.

Emerita is currently in the process of acquiring the Aznalcóllar Project, a past-producing property within the Iberian Pyrite Belt that hosted the Aznalcóllar and Los Frailes open pit zinc-lead-silver mines.

David Gower is the President of Brazil Potash Corp. which has discovered the largest and highest-grade potash deposit to date in Brazil. He has over 20 years of experience in exploration with Falconbridge, (now Xstrata/Glencore) most recently as Director of Global Nickel and PGM exploration. He was a member of the Senior Operating Team for mining projects with Falconbridge. He has led exploration teams that made brownfield discoveries at Raglan and Sudbury, Matagami, Falcondo and greenfield discoveries at Araguaia in Brazil, Kabanga in Tanzania and Amazonas in Brazil. He has held executive and director positions with several junior and midsize mining companies for the past 10 years.

Joaquin Merino-Marquez is a professional geologist with 20 years of experience in the mining industry. He was previously Vice President Exploration for Primero Mining Corp. and before that Vice President Exploration for Apogee Minerals Ltd. Previously, he was the exploration manager for Placer Dome at Porgera mine and a mine geologist at Hecla Mining’s La Camorra mine. He has extensive international experience in South America, Europe and Asia-Pacific. Merino-Marquez holds a M.Sc. from Queens University, and a B.Sc. in Geology from the University of Seville (Spain). He is a member of the Association of Professional Geoscientists of Ontario.

Greg Duras has over 10 years of corporate and project finance experience in the resource sector. Some of his previous positions include, Vice President of Finance and Administration at S.C. Rosia Montana Gold Corporation S.A. (RMGC), a mineral exploration and mining development company based in Romania. He has also held a number of senior finance roles, including Controller of TSX-listed Gabriel Resources Ltd. and High River Gold Mines Ltd. He is a Certified General Accountant and a Certified Professional Accountant, and holds a Bachelor of Administration from Lakehead University.

Damian Lopez is a corporate securities lawyer who works as a legal consultant to various TSX and TSXV-listed companies. He previously worked as a securities and M&A lawyer at a large Toronto corporate legal firm, where he worked on a variety of corporate and commercial transactions. Lopez obtained a Juris Doctor from Osgoode Hall and he received a Bachelor of Commerce with a major in Economics from Rotman Commerce at the University of Toronto. He is also a director of the Canadian Hispanic Bar Association.

Marilia Bento has over 20 years of experience in the financial industry and Canadian capital markets. Some of her previous positions include, Managing Director and Head of Equity Capital Markets Canada at Macquarie Capital Markets Canada Ltd. (formerly Orion Securities Inc.) and Vice President of Corporate Development for various resource companies. She was on the Board of Directors of Orion Securities Inc. and has been a board member of junior mining companies.

Lawrence Guy is Chief Executive Officer of North 52nd Asset Management Inc. Previously, he was a Portfolio Manager with Aston Hill Financial Inc. Prior to Aston Hill, he was Chief Financial Officer and Director of Navina Asset Management Inc., a company he co-founded that was subsequently acquired by Aston Hill Financial Inc. He has also held senior offices at Fairway Capital Management Corp. and First Trust Portfolios Canada Inc. He holds a Bachelor of Arts (Economics) degree from the University of Western Ontario and is a Chartered Financial Analyst.

Catherine Stretch is the Chief Commercial Officer of Aguia Resources Limited, an ASX and TSXV-listed company engaged in the exploration and development of phosphate and copper assets in Brazil. She has 20 years of experience in capital markets with a particular focus on the formation, development and operation of resource companies. She has a Bachelor of Arts in Economics and History from Western University and a Masters of Business Administration from the Schulich School of Business at York University.

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Emerita Resources Corp. (" Emerita " or the " Company ") (TSXV: EMO) is pleased to announce that it has closed its previously announced bought deal private placement of units of the Company (the " Units ") pursuant to which the Company issued 18,182,500 Units at a price of $1.10 per Unit (the " Offering Price ") for aggregate gross proceeds of $20,000,750 (the " Offering "), which included the full exercise of the Underwriters' option to purchase additional Units. The Offering was led by Clarus Securities Inc. and Research Capital Corporation, as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters (collectively, the " Underwriters ") that included iA Private Wealth Inc.

Each Unit is comprised of one common share of the Company (a " Common Share ") and one-half of one Common Share purchase warrant (each whole warrant, a " Warrant "). Each Warrant is exercisable to acquire one Common Share (a " Warrant Share ") at a price of $1.50 per Warrant Share for a period of 24 months from the closing of the Offering.

The Company intends to use the net proceeds from the Offering for exploration activities in Spain and for working capital and general corporate purposes.

In connection with the Offering, the Underwriters received an aggregate cash fee equal to 6.0% of the gross proceeds from the Offering. In addition, the Company issued to the Underwriters 1,090,950 non-transferable broker warrants (the " Broker Warrants "). Each Broker Warrant will entitle the holder thereof to purchase one Common Share at an exercise price equal to the Offering Price for a period of 24 months following the closing of the Offering.

The securities issued pursuant to the Offering will be subject to a four-month and one day hold period under applicable securities laws in Canada. The Offering remains subject to the final approval of the TSX Venture Exchange (the " TSXV ").

An insider of the Company subscribed for 6,800 Units under the Offering. Each transaction with an insider of the Company constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (" MI 61-101 "). The Company is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to section 5.7(1)(a) in respect of such insider participation as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25% of the Company's market capitalization.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act "), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

Emerita is a Canadian natural resource company engaged in the acquisition, exploration and development of mineral properties with a primary focus on exploring in Spain. Management has spent decades with major mining companies globally and has a successful track record that includes numerous mineral deposit discoveries and subsequent project developments in North and South America, Africa and Australia. The Company's corporate office and technical team are based in Sevilla, Spain with an administrative office in Toronto, Canada. The Company's shares are listed on the TSXV under the symbol "EMO". For further information please refer to the Company's website at www.emeritaresources.com .

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the Offering, the use of proceeds of the Offering, the expected exploration program in Spain and the Company's future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Emerita, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Emerita has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Emerita does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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Emerita Resources Corp. (TSXV:EMO) (the " Company ") is pleased to announce today that, due to strong demand, it has agreed with Clarus Securities Inc. (" Clarus ") and Research Capital Corporation (" Research Capital ") as co-lead underwriters and joint bookrunners on behalf of a syndicate of underwriters (collectively, the " Underwriters "), to increase the size of its previously announced C$10,000,100 "bought deal" private placement offering. Pursuant to the upsized deal terms, the Underwriters have agreed to purchase, on a "bought deal" private placement basis 14,546,000 units of the Company (the " Units ") at a price of C$1.10 per Unit (the " Offering Price ") for aggregate gross proceeds to the Company of C$16,000,600 (the " Offering "). Each Unit will be comprised of one common share of the Company (a " Unit Share ") and one half of one common share purchase warrant (each whole common share purchase warrant, a " Warrant "). Each Warrant will entitle the holder thereof to purchase one common share of the Company (a " Warrant Share ") at a price of C$1.50 for a period of 24 months following the Closing Date (as defined below).

The Company has also granted to the Underwriters an option to purchase an additional 3,636,500 Units at the same price, exercisable by the Underwriters for a period of up to two days prior to closing of the Offering for additional gross proceeds of up to $4,000,150.

The Company plans to use the net proceeds of the Offering for working capital requirements and general corporate purposes.

The Offering is scheduled to close on or about July 15, 2021, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals of the TSX Venture Exchange. The securities to be issued under this Offering will be offered by way of private placement exemptions in all the provinces of Canada. The Units to be issued under this Offering will also be offered offshore, including in the United Kingdom pursuant to applicable exemptions and in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of, nor a solicitation for offers to buy, any securities in the United States. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the issuer and its management, as well as financial statements.

Emerita is a Canadian natural resource company engaged in the acquisition, exploration and development of mineral properties with a primary focus on exploring in Spain.

Management has spent decades with major mining companies globally and has a successful track record that includes numerous mineral deposit discoveries and subsequent project developments in North and South America, Africa and Australia. The Company's corporate office and technical team are based in Sevilla, Spain with an administrative office in Toronto, Canada.

The Company's shares are listed on the TSXV under the symbol "EMO".

For further information please refer to the Company's website at www.emeritaresources.com

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the Offering and the Company's future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Emerita, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Emerita has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Emerita does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

David Gower dgower@fmresources.ca

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Emerita Resources Corp. (TSXV:EMO) (the "Company") is pleased to announce that it has entered into an agreement with Clarus Securities Inc. and Research Capital Corporation as co-lead underwriters and joint book runners on behalf of a syndicate of underwriters (collectively, the "Underwriters") to purchase, on a bought deal private placement basis, 9,091,000 Units of the Company at a price of $1.10 per Unit, for aggregate gross proceeds of $10,000,100 (the " Offering "). The Company has also granted to the Underwriters an option to purchase an additional 1,363,650 Units at the same price, exercisable by the Underwriters for a period of up to two days prior to closing of the Offering for additional gross proceeds of up to $1,500,015.

The Company plans to use the net proceeds of the Offering for working capital requirements and general corporate purposes.

The Offering is scheduled to close on or about July 15, 2021, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange ("TSXV"). The securities to be issued under this Offering will be offered by way of private placement exemptions in all the provinces of Canada , and in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended.

The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

About Emerita Resources Corp. Emerita is a Canadian natural resource company engaged in the acquisition, exploration and development of mineral properties with a primary focus on exploring in Spain. Management has spent decades with major mining companies globally and has a successful track record that includes numerous mineral deposit discoveries and subsequent project developments in North and South America, Africa and Australia. The Company's corporate office and technical team are based in Sevilla, Spain with an administrative office in Toronto, Canada.

The Company's shares are listed on the TSXV under the symbol "EMO".

For further information please refer to the Company's website at www.emeritaresources.com

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the Offering and the Company's future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Emerita, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Emerita has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Emerita does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

David Gower dgower@fmresources.ca

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Emerita Resources Corp. (" Emerita " or the " Company ") (TSXV: EMO) is pleased to announce that it has closed its previously announced non-brokered private placement of 13,636,363 units of the Company (the " Units ") at a price of $0.22 per Unit (the "Offering").

Each Unit is comprised of one common share of the Company (a " Common Share ") and one-half of one Common Share purchase warrant (each whole warrant, a " Warrant "). Each Warrant is exercisable to acquire one Common Share (a " Warrant Share ") at a price of $0.30 per Warrant Share for a period of 24 months from the date hereof.

Eric Sprott, through 2176423 Ontario Ltd., a corporation that is beneficially owned by him, acquired 13,636,363 Units pursuant to the Offering for approximate consideration of $3,000,000. As a result, Mr. Sprott beneficially owns and controls 13,636,363 Common Shares and 6,818,181 Warrants, representing approximately 10.1% of the issued and outstanding Shares of the Company on a non-diluted basis and approximately 14.4 % of the issued and outstanding Common Shares on a partially-diluted basis assuming exercise of the Warrants acquired hereunder and forming part of the Units. Prior to the Offering, Mr. Sprott did not beneficially own or control any securities of the Company.

The Units were acquired by Mr. Sprott for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of the Company including on the open market or through private acquisitions or sell securities of the Company including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other factors that Mr. Sprott considers relevant from time to time.

A copy of Mr. Sprott's early warning report will appear on Emerita's profile on SEDAR and may also be obtained by calling Mr. Sprott's office at (416) 945-3294 (200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1).

The proceeds of the Offering will be used to continue project development work in Spain and for general corporate purposes. The Company paid finder's fees of $180,000 in cash and issued 818,181 non-transferable finder's warrants ("Finder's Warrants"). Each Finder Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.30 for a period of 24 months from the date hereof. The Offering is subject to final approval of the TSX Venture Exchange and the securities issued under the Offering have a statutory hold period of four months and one day from today's date.

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the Offering, the use of proceeds of the Offering and the Company's future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Emerita, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Emerita has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Emerita does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Emerita Resources Corp. (" Emerita " or the " Company ") (TSXV: EMO) is pleased to announce that it intends to complete a non brokered private placement for gross proceeds of $3,000,000 through the issuance of up to 13,636,363 of units of the Company (the " Units ") to be priced at $0.22 per Unit (the "Offering"). Mr. Eric Sprott has indicated his intention to subscribe for the entire Offering.

Each Unit will be comprised of one common share of the Company (a " Common Share ") and one-half of one Common Share purchase warrant (each whole warrant, a " Warrant "). Each Warrant shall be exercisable to acquire one Common Share (a " Warrant Share ") at a price of $0.30 per Warrant Share for a period of 24 months from the closing of the Offering. Any unexercised Warrants shall automatically expire at the end of the Exercise Period.

The Offering is scheduled to close on or about February 19, 2021 (the " Closing ") and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Exchange. The Units to be issued under the Offering will have a hold period of four months and one day from Closing.

David Gower, P.Geo., CEO of Emerita commented, "We are very gratified to welcome a strategic investment from such a strong and knowledgeable partner as Mr. Sprott. This support will be invaluable as we move forward in the development of our strong Spanish projects."

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the Offering, the use of proceeds of the Offering, the expected drill program at the Iberian Belt West Project, the prospectivity of Iberian Belt West Project and the Company's future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Emerita, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Emerita has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Emerita does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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Cancels and Grants Incentive Stock Options

World Copper Ltd. (TSXV: WCU) (OTCQX: WCUFF) (FSE: 7LY0 ("World Copper") reports that its shareholders have approved all matters voted on at the annual general and special meeting held on September 27, 2022 (the "AGSM").

Results of Annual General and Special Meeting

A total of 31,525,821 common shares were represented in person or by proxy at the AGSM, representing 29.41% of the Company's issued and outstanding common shares. All directors nominated in the management information circular dated August 15, 2022 were re-elected, and the voting results from the AGSM are set out in the table below.

Stock Option Cancellations and Grants

The Company reports that it has cancelled an aggregate of 4,585,000 incentive stock options originally granted under the Company's rolling stock option plan to certain directors, officers, employees and consultants of the Company on January 31, 2022, and exercisable until February 1, 2024, at an exercise price of $0.91.

The Company also reports that, subject to applicable shareholder and TSX Venture Exchange approvals, the Company has granted incentive stock options under the amended stock option plan to certain directors, officers, employees and consultants of the Company to purchase up to 4,755,000 common shares in the capital stock of the Company. The options are exercisable on or before September 30, 2025 at a price of $0.27 per share. Under the amended stock option plan, the Company may grant up to an aggregate of 11,246,172 stock options, and after the grant of the above-mentioned stock options the Company will have 491,172 stock options available for grant under the plan.

World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused on the exploration and development of its two primary copper porphyry projects, Escalones and Cristal, both located in Chile. World Copper has laid claim to four copper porphyry targets, one with estimated resources, significant soluble copper mineralization, and exciting potential to expand the resource base.

The World Copper team has a unique skill in navigating the mining sector within Chile, with some members having worked in the country for more than 40 years and with discovery success.

Detailed information is available at the Company's website at www.worldcopperltd.com, and for general Company updates you may follow us on our social media pages via Facebook, Twitter & LinkedIn.

For further details on the Company readers are referred to the Company's website. To view the Company's Canadian regulatory filings, please visit SEDAR.

On Behalf of the Board of Directors of

Nolan Peterson Chief Executive Officer

For further information, or to schedule a Zoom meeting with Management, please contact: Nolan Peterson or Michael Pound Phone: 604-638-3287 E-mail: info@worldcopperltd.com

For all Investor Relations inquiries, please contact: John Liviakis Liviakis Financial Communications Inc. Phone: 415-389-4670

For all Public Relations inquiries, please contact: Nancy Thompson Vorticom, Inc. Office: 212-532-2208 | Mobile: 917-371-4053

Twitter: https://twitter.com/WorldCopperLtd Facebook: https://www.facebook.com/WorldCopperLtd LinkedIn: https://www.linkedin.com/company/worldcopperltd

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact, included herein, including, without limitation, the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the TSX Venture Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, currency fluctuations, title disputes or claims, environmental issues and liabilities, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company's business, financial condition and results of operations, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company's continuous disclosure documents. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/139162

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Romios Gold Resources Inc. (TSXV: RG) (OTCQB: RMIOF) (FSE: D4R) ("Romios Gold" or the "Company") is pleased to report that it has completed an extensive exploration program on six of the company's projects in the Golden Triangle of northwestern British Columbia (see Map 1). Field work by Romios' crew began in early July and continued until mid-September. Assay results are now being received and compiled, and will be reported on when complete. Field observations on some of the claim blocks are very encouraging, particularly those from the Trek South Porphyry Cu-Au-Ag prospect. Many of Romios' projects in the Golden Triangle are close to the giant Galore Creek porphyry Cu-Au-Ag project held by a Teck-Newmont JV (GCMC) and currently in the final stages of a pre-feasibility study.

Romios' VP of Exploration Mr. John Biczok, P. Geo, commented, "we are very pleased that the first ever IP-MT survey has been successfully completed on the Trek South porphyry Cu-Au-Ag prospect, and a 3D model is now being generated of this significant target. Romios' 2022 work in the Golden Triangle also resulted in the discovery of numerous, often substantial, quartz veins near historic gold showings on several properties and we look forward to receiving and evaluating those results soon."

Stephen Burega, President and CEO, stated, "The 3D modelling will be key to opening conversations with potential funding partners for the Trek South prospect. Management has been cultivating numerous contacts to initiate their review/assessment of the potential at Trek South. We are looking forward to correlating these results with the mineralized surface exposures, and to sharing more in the near future once the modelling is competed."

PHOTO 1: Chalcopyrite (copper sulphide) covered fractures on boulder along Trek South IP survey line.

To view an enhanced version of Photo 1, please visit: https://images.newsfilecorp.com/files/5376/138858_photo1rg.jpg.

North West Claims: Located 10 km west of Galore Creek, they were explored to follow-up the discovery of gold bearing quartz veins in 2021 (5 - 9 g/t Au) and 2010 (16.5 g/t Au). Numerous additional veins were located at this latter site and several large veins up to 1.2 m wide were discovered elsewhere this season, some with visible copper mineralization. Assays are pending.

PHOTO 2: Newly discovered copper-stained quartz vein, ~70 cm wide, North West Claims

To view an enhanced version of Photo 2, please visit: https://images.newsfilecorp.com/files/5376/138858_photo2rg.jpg.

Burega continued, "the discovery of additional quartz veins of substantial size on the North West claims in the vicinity of historic showings was another highlight of the summer program. Romios personnel also completed several weeks of exploration work on three of our projects in NW Ontario and a summary of that work will be forthcoming shortly."

The samples discussed in this document were grab and chip samples considered representative of the outcrops, veins and boulders being sampled. They were submitted to the ISO/IEC 17025 accredited ALS Canada Ltd. laboratories in Terrace and Vancouver, BC for assay and multi-element analyses. As a matter of procedure, a rigorous quality assurance and quality control program was implemented to ensure reliable assay results by inserting alternating blanks and commercial assay standards at every 10th position in the sample series.

Map 1: Location of Romios' projects in the Golden Triangle, NW British Columbia

To view an enhanced version of Map 1, please visit: https://images.newsfilecorp.com/files/5376/138858_map1rg.jpg.

The technical information in this news release has been reviewed and approved by John Biczok, P. Geo., VP-Exploration for Romios Gold and a Qualified Person as defined by National Instrument 43-101. In addition to his extensive experience with several major mining companies exploring for a wide variety of ore deposit types across Canada and India, Mr. Biczok spent 12 years conducting exploration and research at the Musselwhite gold mine in NW Ontario.

About Romios Gold Resources Inc.

Romios Gold Resources Inc. is a progressive Canadian mineral exploration company engaged in precious-and base-metal exploration, focused primarily on gold, copper and silver. It has a 100% interest in the Lundmark-Akow Lake Au-Cu property plus 4 additional claim blocks in northwestern Ontario and extensive claim holdings covering several significant porphyry copper-gold prospects in the "Golden Triangle" of British Columbia. Additional interests include the Kinkaid Nevada claims covering numerous Au-Ag-Cu workings and two former producers: the La Corne molybdenum mine property (Quebec) and the Scossa mine property (Nevada) which is a former high-grade gold producer. The Company retains an ongoing interest in several properties including a 20% carried interest in five of Honey Badger Mining's claim blocks in the Thunder Bay silver district of northwestern Ontario; a 2% NSR on McEwen Mining's Hislop gold property in Ontario; a 2% NSR on Enduro Metals' Newmont Lake Au-Cu-Ag property in BC, and the Company has signed a definitive agreement with Copperhead Resources Inc. ("Copperhead") whereby Copperhead can acquire a 75% ownership interest in Romios' Red Line Project in BC.

For more information, visit www.romios.com

This News Release contains forward-looking statements which are typically preceded by, followed by or include the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements. TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) do not accept responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Stephen Burega, President - 647-515-3734 or sburega@romios.com

John Biczok, P. Geo., VP of Exploration - 613-410-7877 or jbiczok@romios.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/138858

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Canada Nickel Company Inc. ("Canada Nickel" or "The Company") (TSXV: CNC) (OTCQB: CNIKF) is pleased to provide an update on the Crawford project and its financing activities.

"The Company remains on track to deliver the feasibility study for Crawford by year-end. The study work is approximately 85% complete and the company is confident in its outcome. This financing will allow us to execute post feasibility study work on permitting and detailed engineering that is advantageous for us to complete during the coming winter months and allows us to remain well-funded as we continue to aggressively advance the project" said Mark Selby , Chair and CEO of Canada Nickel.

The Company has arranged a US$10 million loan facility with Auramet which is expected to close on or before October 14 , 2022. The loan will be due January 14, 2023 , will carry an interest rate of 1.00% per month, and be subject to a 2% arrangement fee. At closing, Auramet will also receive 325,000 1-year warrants with a strike price of $1.52 per share. The warrants and the underlying shares will be subject to a four month hold period under applicable Canadian securities laws. The closing of the loan facility is subject to customary conditions including the approval of the TSX Venture Exchange.

Auramet is one of the largest physical precious metals merchants in the world with over $20 billion in annual revenues and provides a full range of services to all participants in the precious metals chain, from extraction and production to manufacturing and consumption. Auramet is a private company established in 2004 by a team who had worked previously together since 1989. Their business is comprised of three main activities: physical metals trading, metals merchant banking and advisory. Auramet has built a consistently successful and prominent franchise in the metals space on the back of an experienced management team that has proven to be innovative and capable of delivering the highest quality service to participants in the sector. Auramet purchases tens of millions of ounces of gold, silver and PGMs sourced from a diversified base of mining companies, recycling companies and refineries/smelters. Auramet has also provided term financing facilities in excess of $900 million to date in the mining sector and is looking to grow its capital investment business in the precious metals and battery-related metals mining space. In 2022, Auramet received a Gold Metal Sustainability Rating from Ecovadis, a global leader in business sustainability ratings.

Canada Nickel Company Inc. is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has successfully registered and applied for trademarks in various jurisdictions for NetZeroNickel™, NetZero Cobalt™ and NetZero Iron™ and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins - Cochrane mining camp. For more information, please visit www.canadanickel.com .

Contact: Mark Selby , Chair and CEO Phone: 647-256-1954 Email: info@canadanickel.com

This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, the metallurgical results, the timing and results of the feasibility study and the timing and completion of the loan facility. Readers should not place undue reliance on forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Canada Nickel to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. The PEA results are estimates only and are based on a number of assumptions, any of which, if incorrect, could materially change the projected outcome. There are no assurances that Crawford will be placed into production. Factors that could affect the outcome include, among others: the actual results of development activities; project delays; inability to raise the funds necessary to complete development; general business, economic, competitive, political and social uncertainties; future prices of metals or project costs could differ substantially and make any commercialization uneconomic; availability of alternative nickel sources or substitutes; actual nickel recovery; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; accidents, labour disputes, the availability and productivity of skilled labour and other risks of the mining industry; political instability, terrorism, insurrection or war; delays in obtaining governmental approvals, necessary permitting or in the completion of development or construction activities; mineral resource estimates relating to Crawford could prove to be inaccurate for any reason whatsoever; additional but currently unforeseen work may be required to advance to the feasibility stage; and even if Crawford goes into production, there is no assurance that operations will be profitable.

Although Canada Nickel has attempted to identify important factors that could cause actual actions,events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Canada Nickel disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

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SOURCE Canada Nickel Company Inc.

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Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) ("Copper Fox" or the "Company") is pleased to announce that its unaudited interim consolidated July 31, 2022, financial statements have been filed on SEDAR.

For the nine months ended July 31, 2022, Copper Fox had a net loss of $889,829 (July 31, 2021 - $747,620) which equated to $0.00 loss per share (July 31, 2021 - $0.00 loss per share).

During the nine months ended July 31, 2022, the Company incurred $854,245 in expenditures primarily furthering the development of the Van Dyke and Schaft Creek copper projects and exploration of the Eaglehead, Sombrero Butte and Mineral Mountain copper projects. Copies of the financial statements, notes, and related management discussion and analysis may be obtained on SEDAR at www.sedar.com, the Company's website at www.copperfoxmetals.com or by contacting the Company directly. All references to planned activities and technical information contained in this news release have been previously announced by way of news releases. All amounts are expressed in Canadian dollars unless otherwise stated.

Elmer B. Stewart, President and CEO of Copper Fox, stated, "During the quarter, the 2022 programs on the Mineral Mountain and Sombrero Butte projects were completed as planned. The positive results from these surveys better defined the relationship between the distribution on the mineralization, alteration, and structural setting of the porphyry systems on both projects. Field activities by the Schaft Creek Joint Venture on the Schaft Creek project and by Copper Fox on the Van Dyke and Eaglehead projects continued throughout the quarter. At Schaft Creek, further investigation of identified project enhancements continued with the planned 5,000m metallurgical drilling program focusing on the first five-year pit as well as other portions of the Liard, Paramount, and West Breccia zones. The Biological Evaluation for the Van Dyke project indicated that due to current and historical mining operations in the Miami area and absence of special status species and their habitat within the survey area, proceeding with field activities would have minimal environmental impact. Activities at Eaglehead included the discovery of a large area of copper mineralization and locating historical drill holes with unsampled porphyry style mineralization thus, indicating a larger mineralized envelope than previously expected. These positive results were offset by delay in receipt of the Notice of Work ("NoW") that resulted in a decision to delay the drilling program until mid-2023. As at the date of the MD&A, the Company has not received approval for the NoW."

Elmer B. Stewart, MSc. P. Geol., President of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves the scientific and technical information disclosed in this news release.

As of July 31, 2022, the Company's cash position was $611,859 (October 31, 2021 - $ $2,646,608)

Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSXV: CUU) and the OTC Market (OTCQX: CPFXF) focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly owned Canadian and United States subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia, and the 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona. For more information on Copper Fox's other mineral properties and investments visit the Company's website at www.copperfoxmetals.com.

On behalf of the Board of Directors,

Elmer B. Stewart President and Chief Executive Officer

For additional information please contact: Lynn Ball at 1-844-464-2820 or 1-403-264-2820 or investor@copperfoxmetals.com

Cautionary Note Regarding Forward-Looking Information

This news release contains forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and forward-looking information within the meaning of the Canadian securities laws (collectively, "forward-looking information"). Forward-looking information in this news release include statements about our Schaft Creek, Van Dyke, Sombrero Butte, Mineral Mountain and Eaglehead projects; positive results from the Sombrero Butte and Mineral Mountain surveys; investigating project enhancements at Schaft Creek; Biological Evaluation at Van Dyke indicates minimal environmental impact, and discovery of a large area of copper mineralization and locating unsampled historical drill holes at Eaglehead.

In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: the geological, financial, and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards; that the resources estimates and the key assumptions and parameters on which such estimates are based are reasonable; the costs and results of planned exploration activities are as anticipated; and the stability of economic and market conditions. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.

Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, 2022 Schaft Creek program results may not enhance the project; the geotechnical data gap analysis and collection of the environmental baseline data for the Schaft Creek project may not be completed as planned or at all; the plan to advance Van Dyke copper project including a two-phase program with the objective of establishing a broad network of hydrogeological monitoring and testing locations to collect hydrogeological and water quality data may not be completed as planned or at all; the interpretation of the results of the high-resolution airborne magnetic and radiometric survey on the Mineral Mountain and Sombrero Butte projects may not be accurate; the review by Moose Mountain Technical Services and the 2022 field program on the Eaglehead project may not achieve the desired results; the drilling program on the Eaglehead project that has been delayed until mid-2023 may not be completed as planned or at all; the overall economy may deteriorate; uncertainty as to the availability and terms of future financing; copper prices and demand may fluctuate; currency exchange rates may fluctuate; conditions in the financial markets may deteriorate; trading prices of the Company's common shares may decrease below the exercise price of any outstanding warrants of the Company; and uncertainty as to timely availability of permits and other governmental approvals.

A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/138776

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Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) ("Pan Global" or the "Company") is pleased to announce that drilling is underway at the Hornitos and La Jarosa targets and that multiple new targets have been identified for drill testing at the Company's 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain.

Tim Moody, Pan Global President and CEO states: "Drilling has continued at Escacena with up to four drill rigs operating since January. The current plan includes testing at least six new targets in the Escacena Project in addition to continuing to expand the copper and tin mineralization at La Romana. We are excited at the potential to make further copper discoveries with drilling now initiated on several new targets, all within 5km of our near-surface La Romana copper-tin discovery. Ongoing exploration continues to generate multiple high-priority drill targets. Drilling is underway at the Hornitos and La Jarosa targets and is due to commence shortly at the Pilar, Zarcita and La Romana Deep targets. This is the first time most of the new targets will be drill tested. The fact that we are already seeing evidence of copper, lead and zinc mineralization in some of our first holes on new targets at Hornitos and La Jarosa is very encouraging with assay results awaited. Assay results are also pending for 14 drill holes at the La Romana discovery."

Mr. Moody added: "Pan Global is in a strong financial position and remains well funded to allow drilling to continue at an aggressive pace into 2023."

Figure 1 - Escacena Project gravity anomalies and priority targets

To view an enhanced version of Figure 1, please visit: https://images.newsfilecorp.com/files/5190/138630_f163fcc7240d0b6d_001full.jpg

Table 1 - Escacena Project: Priority target summary and planned drill holes

Gravity survey Pan Global expanded its ongoing 100m x 50m gravity survey over the entire Escacena Project area throughout the year with data collected on more than 5,500 new gravity stations. Eleven large gravity targets have been selected for initial follow-up. The results confirm and provide additional detail over gravity targets previously identified from wider-spaced historical gravity data (see Figure 1 above). Testing gravity-high anomalies has proven highly effective in the Iberian Pyrite Belt for discovering volcanogenic massive sulphide mineralization. The first drill holes at the La Romana copper tin discovery intersected significant mineralization after testing a gravity anomaly, with copper mineralization intersected in nearly all 130 drill holes completed to date on the target.

Figure 2 - Portable-XRF copper and zinc soil geochemistry anomalies

To view an enhanced version of Figure 2, please visit: https://images.newsfilecorp.com/files/5190/138630_f163fcc7240d0b6d_002full.jpg

Soil geochemistry survey A multi-element portable X-Ray fluorescence (pXRF) spectrometer soil geochemistry survey has been conducted over approximately 20% of the Escacena Project area. Copper and zinc anomalies are highlighted in Figure 2 above. The results highlight a 1.5 x 1.5km discrete copper anomaly open to the east and west above the La Romana mineralization. Large copper and/or zinc anomalies are coincident with and in-part define the Hornitos, Zarcita, Barbacena and El Pozo targets.

Escacena Project - Priority Drill Targets The extensive and ongoing exploration campaign at Escacena has identified 11 high priority targets for drill testing and/or further ground work outside of the La Romana discovery (see Table 1 above). The targets were selected using a combination of gravity, heliborne electromagnetics (HEM) data collected earlier this year (PGZ news release, February 23, 2022), soil geochemistry, induced polarization (IP) surveys and geological mapping. The scale, nature and quality of several of these targets are illustrated below in figures 3 to 8.

Up to 40 drill holes are currently planned on eight new targets, including La Romana Deep, Zarcita, La Jarosa, Hornitos, Pilar, Pilar South, Cañada Honda and Bravo Norte. Drilling is already underway at Hornitos and La Jarosa and is due to commence shortly at the Zarcita, El Pilar and La Romana Deep targets.

Hornitos Target - Drill holes intersect Pb-Zn mineralization The initial drilling at the Hornitos target (drill holes HOD01 and HOD02) have both intersected crackle breccia/stockwork style sphalerite (Zn) and galena (Pb mineralization. HOD01 tested a coincident Pb-Zn soil anomaly, IP chargeability and weak gravity high, and intersected Pb-Zn mineralization over a 15m interval from approximately 99m downhole. HOD02, drilled from the same collar position as HOD01 and testing the downdip extension to the mineralization, intersected approximately 18m with Pb-Zn mineralization from 114m downhole. Assays are pending.

Figure 3 - La Romana Deep Target: Heliborne-EM cross section showing conductor anomalies coincident with the La Romana mineralization and downdip at La Romana Deep. The La Romana Deep EM anomaly is apparent across several lines at approximately 400m depth and well beyond previous drilling at La Romana.

To view an enhanced version of Figure 3, please visit: https://images.newsfilecorp.com/files/5190/138630_f163fcc7240d0b6d_003full.jpg

Figure 4 - Zarcita Target: Plan view showing coincident soil-copper (top) and gravity anomaly trends (bottom), historic mines, alteration, heli-EM conductor and planned drill holes. The trend extends over 2.5km east-west partially beneath thin post-mineral sediments. Copper mining ceased at Zarcita at the start of World War 1.

To view an enhanced version of Figure 4, please visit: https://images.newsfilecorp.com/files/5190/138630_f163fcc7240d0b6d_004full.jpg

Figure 5 - Hornitos Target: Geology map showing the planned drill hole locations and recently completed holes HOD01 and HOD2, along a 3.3km target trend defined by coincident altered volcanics, IP chargeability, gravity and Pb-Zn soil anomalies. The historic El Pozo mine workings occur at the western end of the trend.

To view an enhanced version of Figure 5, please visit: https://images.newsfilecorp.com/files/5190/138630_f163fcc7240d0b6d_005full.jpg

Figure 6 - La Jarosa Target: Plan view of the La Jarosa Target area with planned and completed drill holes, and gravity anomaly and coincident IP trend.

To view an enhanced version of Figure 6, please visit: https://images.newsfilecorp.com/files/5190/138630_f163fcc7240d0b6d_006full.jpg

Figure 7 - La Jarosa East Target: Orthogonal view of the La Jarosa East target with coincident north-dipping heliborne-EM conductor and gravity anomaly.

To view an enhanced version of Figure 7, please visit: https://images.newsfilecorp.com/files/5190/138630_f163fcc7240d0b6d_007full.jpg

Figure 8 - El PilarTarget: Oblique view of the Pilar Target with 2 planned drill holes designed to test a coincident Heliborne-EM (HEM) anomaly and gravity anomaly.

To view an enhanced version of Figure 8, please visit: https://images.newsfilecorp.com/files/5190/138630_f163fcc7240d0b6d_008full.jpg

Quality Control/Quality Assurance The gravity survey was contracted by Geognosia SL and points were collected every 50m on north-south lines spaced 200m apart. These were then infilled to 100m x 50m and in areas of high interest to 50m x 50m. Goegnosia used a SCINTREX CG 5 y LeCoste Romberg gravity meter and topography was collected using an EMLID Reach RS2 Multiband GNSS receiver. Geognosia SL were also contracted for IP surveying using an IRIS Elrec Pro receiver with 10 channels. The method used dipole-dipole with 100m spacing. Terra Resources Geophysical-Geological Consulting provide additional review of the geophysical data.

Soil samples were collected by Pan Global staff on 100m x 50m or 200m x 50m north-south profiles. Samples were collected from the B / C horizon approximately 15cm to 20cm from the surface. Samples were initially analysed using an Olympus Vanta Portable XRF and check analysis was completed at ALS using 4 acid digest. Gold was analysed using 30gm Fire assay with ICP finish. Sufficient duplicates and certified reference materials were inserted during the sampling and analysis.

All coordinates are in ERTS89 (geodetic reference), UTM29N.

About the Escacena Project The Escacena Project includes a large, plus 5,760-hectare land package controlled 100% by Pan Global in the east of the Iberian Pyrite Belt. The project is located near operating mines at Las Cruces and Rio Tinto, and is immediately adjacent to the former Aznalcollar and Los Frailes mines where Grupo Mexico is in the permitting stage to restart mining. The Escacena Project hosts the La Romana copper-tin discovery and a number of other prospective targets, including La Jarosa, Hornitos, Zarcita, Pilar, Bravo and Barbacena.

About Pan Global Resources Pan Global Resources Inc. is actively engaged in base and precious metal exploration in southern Spain and is pursuing opportunities from exploration through to mine development. The Company is committed to operating safely and with respect to the communities and environment where we operate.

Qualified Persons James Royall, VP Exploration for Pan Global Resources and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information for this news release. Mr. Royall is not independent of the Company.

On behalf of the Board of Directors www.panglobalresources.com.

FOR FURTHER INFORMATION, PLEASE CONTACT: tmoody@panglobalresources.com +44 7766 253145

Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. The Company believes that the expectations reflected in the forward-looking information included in this news release are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.

The forward-looking information contained in this news release is based on information available to the Company as of the date of this news release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/138630

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Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL)(FSE:XZ7) announces that from mid-June - Early September 2022 they were successful in securing 4 adit entrances on its Muskwa Copper Project. See Figure 1 below

Figure 1 - General Property Location

The Muskwa Project is comprised of the Neil Property, the Toro Property and the Bronson Property located in northern British Columbia. The Neil Property was the location of the various adits secured during 2022. See Figure 2 below.

Peter Hawley, President, CEO reports; " We at Fabled Copper Corp are continuing to work diligently to ensure effective stewardship of the lands by securing open adit entrances which could be a potential hazard not only to the guide and outfitter of the area but also wildlife. By taking this approach not only do we prevent a potential accident but also secure the historical adits in case access is required at a future time."

"As always Fabled Copper acknowledges that the Muskwa project occurred on lands and in watersheds of importance to Kaska, Fort Nelson First Nation, and Treaty 8 Nations. We are honoured to share responsibility for the stewardship of these places."

From mid-June - early September 2022 the Fabled crew worked on the cleaning and rehabilitation of 4 adits entrances

A 1 tonne mini-excavator was slung into and moved around by a 205 helicopter during the moves. See Photo 1 below.

Photo 1 - Excavator Move by Helicopter

The first of the 4 adits worked on was the Davis Keays Eagle Vein 6400 level, followed by the Eagle Vein 5950 level, the 5800 level of the Harris vein and then the final adit for the season, the Magnum 5200 level.

Davis Keays Eagle Vein 6400 Level

The initial snow clearing began in mid-June as at the 6,400-foot elevation the spring melt had not begun at that time. See Photo 2 below.

Photo 2 - 6400 Level Snow Removal.

Once all the snow was removed from all exposed rock faces including the back or the roof of the entrance of the adit, all were then mechanically scraped to remove all loose debris that could pose a safety hazard and two munster heaters were placed in the entrance to melt the ice plug. See Photos 3-4 below.

Photo 3 - Cleaning 6400 level adit

Photo 4 - Heaters in Entrance

While the ice plug was thawing out, the base at the entrance was constructed and a tower built to clear future snow falls and a door with lock installed, see Photo's 5,6 and 7 below.

Photo 5 - Base Being Constructed

Photo 6 - Tower Being Constructed

Photo 7- Final door installed on Davis Keays 6400 level.

Davis Keays Eagle Vein 5950 Level

The excavator was then slung by a 205 helicopter to the Davis Keays 5950 level at a lower elevation and the same process was performed. See Photo's 8-11 below.

Photo 8 - Snow at Audit Entrance 5950 Level

Photo 9 - Back / Roof Inspection of 5950 Level

Photo 10 - Wood Timber Supporting the Roof / Back of the Adit Entrance

Photo 12 -Final door installed on Davis Keays 5950 level.

The excavator was then moved by helicopter to the Harris Adit location and once again the same process was completed. See Photos 13 and 14 below.

Photo 13 - 5800 Level Harris Vein Adit Before

Photo 14 - 5800 Level Harris Vein Adit After

Once again, the excavator was move by helicopter to the Magnum Mine 5200 level adit and the same procedure was done once again. See Photos 15 and 16 below.

Photo 15 - 5200 Level Magnum Mine before

Photo 16 - 5200 level magnum Mine After

In closing, this major undertaking which not only included the slinging of the excavator by helicopter but also all the wood and metal to support building the adit closures was done under budget and on time. The first priority is to look out for the safety of our workers and to prevent any potentially dangerous situations to people and wild life.

Fabled Copper is a junior mining exploration company. Its current focus is to creating value for stakeholders through the exploration and development of its existing copper properties located in northern British Columbia. The Muskwa Project comprises a total of 76 claims in two non-contiguous blocks and totals approximately 8,064.9 hectares, located in the Liard Mining Division in northern British Columbia.

Mr. Peter J. Hawley, President and C.E.O.

For further information please contact:

The technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

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