Target includes the B-1 spodumene bearing pegmatite dyke along strike towards the B-2 and B-3 pegmatites extending the mineralization laterally Potential for additional gold mineralization at depth will be targeted based on previous drill results of 7.50 g/t Au over 7.66 metres from 94.35 - 102.01 metres , a North American hard-rock lithium exploration company, is pleased to announce today its drilling plans for its Jean Lake Lithium/Gold Property located near the historic mining centre of Snow Lake in Manitoba. The Company is completing plans in preparation for a 15-hole, 2,500-metre diamond drill winter program including submitting a work permit at the Manitoba Mines Branch. Figure 1. Map of Jean Lake's B1,B2 and B3 Spodumene Bearing Pegmatites "Gold has hit an all-time high this month. ...

Abitibi Metals is pleased to announce a non-brokered private placement to raise gross proceeds of up to C$4,000,000 through the issuance of up to 5,833,333 common shares of the Company that will be closed before Dec 29, 2023. The Offering consists of two parts, a) $3,500,000 of charity flow-through common shares priced at C$0.70/share for the issuance of 5,000,000 CFT Shares and b) $500,000 of flow-through common shares (“FT Shares”) priced at C$0.60/share for the issuance of 833,333 FT Shares. The FT Shares and CFT Shares will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”)).

Jonathon Deluce, CEO of Abitibi Metals, stated, “We are very grateful for the support Abitibi Metals has received from new and past shareholders. The closing of this financing, in conjunction with the recent financing where we welcomed strategic investors, will bring our treasury to over nine million dollars and put us in a position to execute a significantly expanded and more aggressive drill campaign in 2024 as we will be fully funded to drill over 20,000 metres.”

Mr. Deluce continued: “Our objective in the upcoming year will be to build on the previous 115,311 metres drilled to delineate the open-pit potential of the B26 deposit, while concurrently advancing and expanding the existing underground resource as we progress towards our goal of delivering a robust economic high-grade copper resource. Drilling is anticipated to commence in January, and the Company will provide an update shortly to detail the plans for its fully funded phase one drill program.”

The gross proceeds from the Flow-Through Offering and Charity Flow-Through Offering will be used to incur “Canadian exploration expenses” that are “flow-through mining expenditures” (as such terms are defined in the Income Tax Act (Canada)) related to the Company’s projects in Québec.

Finder’s fees in cash or securities may be paid on gross proceeds of the financing, as permitted by securities laws.

The securities issued in connection with the Offering are subject to the Company’s filing requirements with the Canadian Securities Exchange, and all securities will be subject to a four-month statutory hold period after closing.

About Abitibi Metals Corp.:

Abitibi Metals Corp. is a Quebec-focused mineral acquisition and exploration company focused on the development of quality base and precious metal properties that are drill-ready with high-upside and expansion potential. Abitibi’s portfolio of strategic properties provides target-rich diversification and includes the high-grade B26 Polymetallic Copper Deposit (Ind: 7.0MT @ 2.94% Cu Eq & Inf: 4.4MT @ 2.97% Cu Eq) and the Beschefer Gold Project, where historical drilling has identified 4 historical intercepts with a metal factor of over 100 g/t gold highlighted by 55.63 g/t gold over 5.57 metres and 13.07 g/t gold over 8.75 metres amongst four modelled zones.

ON BEHALF OF THE BOARD

Jonathon Deluce, Chief Executive Officer

For more information, please call 226-271-5170, email info@abitibimetals.com, or visit https://www.abitibimetals.com.

The Company also maintains an active presence on various social media platforms to keep stakeholders and the general public informed and encourages shareholders and interested parties to follow and engage with the Company through the following channels to stay updated with the latest news, industry insights, and corporate announcements:

Twitter: https://twitter.com/AbitibiMetals

LinkedIn: https://www.linkedin.com/company/abitibi-metals-corp-amq-c/

Awalé Resources Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement with Newmont Ventures Limited , a wholly-owned subsidiary of Newmont Corporation, to raise gross proceeds of C$957,530.89. The proceeds from the private placement will be used to initiate greenfield exploration on the Odienné project permits, which lie outside the Newmont Joint Venture, and for general administrative costs of Awalé. The completed private placement by Awalé consisted of two separate components: The sale of an aggregate of 2,908,714 units at $0.12 per unit for an aggregate purchase price of C$349,045.68. Each Unit consists of one common share of Awalé and one-half of a Common Share purchase warrant , each Warrant entitling the holder to acquire...

Pacific Empire Minerals announces that it intends to issue, pursuant to a non-brokered private placement, up to 20,000,000 common shares of the Company at a price of C$0.01 per Share for gross proceeds of up to $200,000. In addition, the Company announces that it intends to issue up to 15,000,000 Flow-Through shares of the Company at a price of C$0.015 per FT Share for gross proceeds of up to $225,000 . The funds will be used for exploration on its flagship Trident copper-gold-silver porphyry project and for general working purposes. Closing of the Offering is expected to occur on or around January 10, 2024 and is subject to all necessary approvals, including the approval of the TSX Venture Exchange. The Company also announces ...

Skyharbour Resources Ltd. , is pleased to announce that partner company, North Shore Uranium has provided an update on the exploration activities at the 55,699 hectare Falcon Property located at the eastern margin of the Athabasca Basin in northern Saskatchewan. North Shore has identified a number of high priority uranium targets on the Property and will commence drilling several of these targets in Q1 2024. Location Map of Falcon Project: https://skyharbourltd.com/_resources/maps/Sky-SouthFalconOption.jpg?v=0.1 Falcon is a highly prospective uranium exploration property with a limited exploration history in an area of the Athabasca Basin that is seeing increased exploration activity and recent discoveries. Significant grass roots uranium discoveries in 2021 by Baselode Energ...

Colibri Resource Corp. is very pleased to announce that its recently completed drilling program has resulted in the discovery of a promising new zone of gold mineralization on the Evelyn property at the EP gold project located in the Caborca Gold Belt, NW Sonora. The new area of mineralization has been named West Sahuaro. Drilling highlights of the West Sahuaro includes: Gold mineralization was intersected in all 6 holes that tested the target Longer intercepts of continuous mineralization include: 23 m intersection length at an average grade of 0.350 g/t Au in hole EVE23-196 66 m intersection length at an average grade of 0.273 g/t Au in hole EVE23-198 Higher grade intercepts included in the longer zones of mineralization include: 5 m intersection length at an average grade ...

Scotch Creek Ventures Inc. is pleased to announce the results of the soil sampling program has confirmed the presence of lithium on the 5,360-acre Miranda project. The work program conducted by the Scotch Creek team focused on the Southern portion of the property and consisted of 69 samples. The results indicate a lithium anomaly extending over 2 kilometers by 1 kilometer on the near surface of the property. The anomalous samples range in value from 102 to 223 parts per million lithium with an average lithium content of 57 PPM. "The exploration region contains weathered and bleached sandstone outcrops, as well as rubble zones with low relief, surrounded by recent gravel units that extend across the majority of the Miranda property. Resemblance can be drawn between the anomalo...

Beauce Gold Fields is pleased to announce it has it is closing a non-brokered private placement of 1,100,000 Flow-Through units at $0.05 per unit for gross proceeds of $55,000 and 7,000,000 units at $0.035 per unit for gross proceeds of $245,000. Patrick Levasseur, President and CEO of Beauce Gold Fields, said, "With a developing macro environment that is favorable for gold, along with our recently announced discovery of a promising structure which could be one of the sources of gold placers in Saint-Simon-les-Mines, we are very excited for 2024." Each Flow-through unit will be comprised of one Flow-through common share and one half of one common share purchase warrant of the company. Each full warrant will entitle the holder thereof to purchase one common share of the capital stock of t...

BacTech Environmental Corp. announced that it has received subscription agreements totaling $614,040 for the first tranche of its recently announced private placement of units in the Company. Each Unit, priced at $0.08 per Unit, comprises one common share and one half of a common share purchase warrant in the capital of the Company. Each whole Warrant will entitle the holder to acquire one additional common share in the capital of the Company at a price of $0.12 for a period of two years from the date the Units are issued. If during...

Teako Minerals Corp. is pleased to announce that it has approved the settlement of $102,750 of indebtedness through the issuance of an aggregate of 1,141,663 Common Shares . The indebtedness relates to fees for services performed by certain insiders and external consultants of the Company through to November 30, 2023. The Settlement Shares will be issued at a deemed price of C$0.09 per Settlement Share in alignment with the price per common share issued by the Company pursuant to the Company's recently completed private placement, which closed on August 25, 2023. The Company will enter into shares for debt agreements with each Creditor in connection with the Debt Settlement. The issuance of an aggregate of 455,554 Settlement Shares to certain insiders of the Company constitut...

10.45 metres of 1.45% NiEq "Most recently, drillhole SNUG-23-017, while being extended to be used as an underground BHEM platform, intersected N2 Limb mineralization 180 metres down-plunge of the wire frame of the historic resource. This intersection confirms that mineralization continues to depth beyond the bottom of the legacy resource." - CEO, Keith Morrison Premium Nickel Resources Ltd. is pleased to report additional assay results from drilling at its past-producing nickel-copper-cobalt sulphide Selebi North underground mine in Botswana. Results have been previously released for 12 holes and results for a further four holes are released herein. Details of the assay results are shown below along with accompanying visuals via Figure 1, Figure 2, Figure 3. Drill core photos for recent ho...

Independence Gold Corp. wishes to announce a proposed equity financing of up to a maximum of 4,000,000 shares comprised of flow-through common shares . The FT Shares will be offered at $0.25 for a maximum aggregate proceeds of $1,000,000. Subject to compliance with applicable securities laws and the approval of the TSX Venture Exchange, finders' fees may be payable to eligible arm's length persons with respect to certain subscriptions accepted by the Company. President & CEO Randy Turner commented, "We are excited to be able to raise additional funds to further advance exploration at the 3Ts Project. This financing, in addition to the recently completed $2.6 million financing, will give us the ability to explore targets outside of the known resource through more aggressive dr...

Highlights Channel Sampling Program Summary Results of channel samples delineated continuous grades higher than 1.0% Li2O zones enveloped by wider intervals. Discovery of additional spodumene-bearing pegmatites extends original spodumene bearing pegmatite zone by 50% . Channel samples demonstrate the continuity of the lithium-bearing pegmatites system. The Wenasaga North Zone represents only 1.0% of the total Ear Falls project. Drilling Summary Completed seven AQ sized diamond drill holes totalling 329.59m from three different drilling sites testing up to 150 m strike length and 50 m dip continuity of pegmatites. Five holes intersected spodumene mineralization, including one dyke not exposed on surface. Model for stacked pegmatites system intercepting multiple subparallel spodumene-bearing...