Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") is pleased to announce that the terms of its agreement to acquire the Carmelitas concessions (located in the district of Acobambilla, department of Huancavelica, and in the district of Chongos Altos, department of Junín, in Peru) have been amended, and Kuya Silver intends to commence initial field work. The acquisition of the three concessions was first announced on May 14, 2021, with the purchase price consisting of cash and common shares of Kuya Silver, to be paid on a schedule over eighteen months. Kuya Silver and the vendor, Freddy Canales, have agreed to amend the terms of the transaction as follows:

The total purchase price for the Carmelitas concessions, reflecting both cash and common shares, has increased from US$892,500 to US$952,500. Title to the three concessions totalling 800 hectares has already been transferred to Kuya Silver's Peruvian subsidiary, Kuya Silver S.A.C.

The Carmelita concessions, and, in particular, the recently past-producing Carmelitas Mine, remain an area of focus for Kuya Silver's regional exploration in the greater Bethania district. Up until 2020, the Carmelitas Mine hosted small-scale silver-lead-zinc production of epithermal-related mineralization, similar to mineralization hosted at the Bethania Mine, which is located only 3 km to the east. To date, Kuya Silver personnel have mapped and observed five veins, of which three saw recent production with access via several horizontal adits in two vertical levels approximately 40 metres apart (Table 1).

Table 1: Highlights of previous rock chip samples taken at the Carmelitas Project

*silver equivalent ("eq.") is calculated using the following metal prices: silver $19/oz, lead $1900/t, zinc $3200/t

Four of the five veins identified to date strike in a NE-SW direction, essentially parallel to the principal vein systems of the Bethania Mine (e.g. Española, 12 de Mayo, Victoria; Figure 1). These two mineralized vein systems (Bethania and Carmelitas), as well as the other vein prospects identified by Kuya Silver and other personnel in the field, are interpreted to be features of a larger collapsed caldera system known as the Huayta Caldera (Figure 2). The Carmelitas and Bethania vein systems are mirrored across the flanks of the Huayta Caldera, which likely controls and drives local epithermal mineralization in the Bethania district, and much of this prospective area is now covered by Kuya Silver's mining concessions and mineral claims.

Kuya Silver intends to conduct a more detailed mapping, prospecting, and sampling program to better understand the Carmelitas vein system, including grade distribution, alteration, metal zoning, and other data, in order to prepare for more advanced exploration leading to a future drilling campaign.

David Stein, Kuya Silver's President and CEO, remarked: "Understandably, Kuya Silver has focused much of its exploration attention to date on at the Bethania mine and its immediate vicinity, while at the same time accumulating a commanding land position in the Bethania district. While our work at the Bethania mine site and nearby area (e.g. the Hilltop Zone) has just started to scratch the surface on the potential to host a significant silver-polymetallic deposit at depth and along strike, the exploration of a potential second zone of mineralization in the district, such as Carmelitas, will be highly strategic to our long-term growth in the area."

A total of six rock chip samples were collected in early 2021. The coordinates of the locations of each sample were measured by handheld GPS and recorded, and the samples dispatched to the SGS laboratory in Lima for geochemical analysis. The analyses were carried out using the following methods: FA313 - Fire Assay for gold, ICP40B - ICP-AES Multi-acid digestion for 36 elements, and AAS41B - Atomic Absorption, multi-acid digestion for Ag, Pb, Zn over detection limit. SGS Laboratories in Lima has international certifications OHSAS 18001, ISO 14001 and ISO 9001 and is accredited by INACAL under the NTP-ISO / IEC 17025.

The technical content of this news release has been reviewed and approved by Mr. David Lewis, P.Geo., Exploration Director of Kuya Silver and a Qualified Person as defined by National Instrument 43-101.

Kuya Silver is a Canadian‐based mineral exploration and development company with a focus on acquiring, exploring, and advancing precious metals assets in Peru and Canada.

For more information, please contact:

David Stein, President and Chief Executive Officer Telephone: (604) 398‐4493 info@kuyasilver.com www.kuyasilver.com

This news release contains statements that constitute "forward-looking information," including statements regarding the plans, intentions, beliefs, and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "future," "growth," "must," "next," "potential," "progress," "prospect," and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Investors are cautioned that statements including forward-looking information are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those described in the forward-looking information as a result of various factors, including but not limited to fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing, and general economic, market and business conditions. There can be no assurances that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Figure 1: Detailed Carmelitas Project map showing known veins and surficial grab samples

To view an enhanced version of Figure 1, please visit: https://images.newsfilecorp.com/files/5945/137893_2972c6cdf45cb85b_001full.jpg

Figure 2: Bethania district map showing interpreted collapsed Huayta Caldera and spatially associated mineralization

To view an enhanced version of Figure 2, please visit: https://images.newsfilecorp.com/files/5945/137893_2972c6cdf45cb85b_002full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137893

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Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") has, subject to approval by the Canadian Securities Exchange (the "Exchange"), granted 250,000 incentive stock options ("Options") to acquire common shares in the capital of the Company (each a "Common Share"), to independent directors at an exercise price of $0.57. The Options are subject to vesting provisions. Any Common Shares issued pursuant to the Options, are subject to a hold period expiring December 20, 2022, unless written approval to issue the Common Shares without the hold period is obtained from the Exchange.

Kuya Silver is a Canadian‐based mineral exploration and development company with a focus on acquiring, exploring, and advancing precious metals assets in Peru and Canada.

For further information, please contact the Company at:

Kuya Silver Corporation Telephone: (604) 398‐4493 info@kuyasilver.com www.kuyasilver.com

This news release contains statements that constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may," "would," "could," "should," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "must," "next," "focus," "potential," "progress," "develop," "investigate," "optimize," "opportunity," "future," "vision," "envisage," "option," "roadmap," "pursue," and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Investors are cautioned that statements including forward-looking information are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those described in the forward-looking information as a result of various factors, including but not limited to fluctuations in the market price of silver and other commodities, successes of the operations of the Company, continued availability of capital and financing, the Company's ability to obtain and renew required permits, licenses, consents, authorizations, and approvals, and general economic, market, and business conditions. There can be no assurances that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134383

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Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") is pleased to announce that it has completed its previously announced "best efforts" private placement of units of the Company ("Units") at a price of $0.45 per Unit (the "Private Placement"), which was led by Canaccord Genuity Corp. and Research Capital Corporation (the "Co-Lead Agents") and including Red Cloud Securities Inc. (collectively, the "Agents"). The Company sold an aggregate of 5,718,000 Units, which includes the full exercise of the Agents' option to purchase up to an additional 15% of the Units of the Private Placement, for aggregate gross proceeds of $2,573,100. Concurrently with the Private Placement, the Company sold an aggregate of 1,320,000 Units on a non-brokered private placement basis on the same terms as the Private Placement, for additional gross proceeds of $594,000 (the "NBPP"). The Company intends to use the proceeds from the issuance of the Units for general working capital purposes.

Each Unit consists of one common share of the Company (a "Common Share") and one transferable Common Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.70 for a period of five years following the closing of the Private Placement.

As consideration for the services provided by the Agents, the Company paid the Agents cash fees totalling $190,026, being 6.0% of the aggregate gross proceeds from the sale of the Units, and issued to the Agents 422,280 non-transferrable broker warrants (each, a "Broker Warrant"), being equal to 6.0% of the number of Units sold pursuant to the Private Placement and the NBPP. Each Broker Warrant entitles the holder to purchase one Common Share at an exercise price of $0.45 for a period of two years following the date hereof.

The Private Placement and the NBPP were conducted in all provinces of Canada pursuant to private placement exemptions, in the United States to "qualified institutional buyers" and "accredited investors" pursuant to exemptions from registration under the United States Securities Act of 1933, as amended, and in such other jurisdictions as are agreed to by the Company and the Agents in accordance with applicable law. The securities issued in connection with the Private Placement and the NBPP are subject to a hold period of four months from closing in accordance with applicable securities laws.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities, in the United States or in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements.

Kuya Silver is a Canadian‐based mineral exploration and development company with a focus on acquiring, exploring, and advancing precious metals assets in Peru and Canada.

For more information, please contact:

David Stein, President and Chief Executive Officer Telephone: (604) 398‐4493 info@kuyasilver.com www.kuyasilver.com

This news release contains statements that constitute "forward-looking information," including statements regarding the plans, intentions, beliefs, and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "must," "next," "propose," and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Without limiting the generality of the foregoing statements, the proposed use of the proceeds of the sale of Units is forward-looking information. Investors are cautioned that statements including forward-looking information are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those described in the forward-looking information as a result of various factors, including but not limited to fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing, and general economic, market, and business conditions. There can be no assurances that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

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Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") is pleased to announce that it has agreed with Canaccord Genuity Corp. and Research Capital Corporation (the "Co-Lead Agents") on behalf of Red Cloud Securities Inc. (collectively, the "Agents"), to amend the engagement letter dated July 25, 2022 (the "Engagement Letter") in respect of the best efforts private placement financing of units ("Units") announced on July 26, 2022 (the "Private Placement"), to increase the size of the Private Placement. The Private Placement is now expected to consist of up to 6,120,000 Units at a price of $0.45 per Unit, for gross proceeds of up to $2,754,000 with the Agents having an option exercisable, in whole or in part, up to 48 hours prior to the closing date, to increase the size of the Private Placement by up to 15% of the amended Private Placement, being 918,000 Units for additional proceeds of up to $413,100 . In all other respects, the Engagement Letter remains unchanged.

Each Unit will consist of one (1) common share (each, a "Common Share") in the capital of the Company and one (1) transferrable common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share at a price of $0.70 per Common Share until the date that is five (5) years from the date of issuance. The Company intends to use the proceeds from the Private Placement for general working capital purposes.

The Private Placement will be conducted in all provinces of Canada pursuant to private placement exemptions, in the United States to "qualified institutional buyers" pursuant to an exemption from registration under the United States Securities Act of 1933, as amended, and in such other jurisdictions as are agreed to by the Company and the Agents in accordance with applicable law. Closing is expected to occur on or about August 9, 2022 and is subject to certain conditions, including but not limited to the receipt of all necessary corporate and regulatory approvals, including the approval of the Canadian Securities Exchange. All securities issued under the Private Placement, including securities issuable on exercise thereof, will be subject to a hold period of four months and one day from the closing date in accordance with applicable securities laws.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities, in the United States or in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements.

Kuya Silver is a Canadian–based mineral exploration and development company with a focus on acquiring, exploring, and advancing precious metals assets in Peru and Canada .

This news release contains statements that constitute "forward-looking information," including statements regarding the plans, intentions, beliefs, and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "must," "next," "propose," and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Without limiting the generality of the foregoing statements, the Company meeting all conditions for a timely closing of the Private Placement, including obtaining all required approvals, and the proposed use of the proceeds of the Private Placement, are forward-looking statements. Investors are cautioned that statements including forward-looking information are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those described in the forward-looking information as a result of various factors, including but not limited to fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing, and general economic, market, and business conditions. There can be no assurances that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

View original content: http://www.newswire.ca/en/releases/archive/July2022/28/c8526.html

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Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. and Research Capital Corporation (the "Co-Lead Agents") on behalf of a syndicate of agents (collectively, the "Agents"), in connection with a proposed best efforts private placement financing (the "Private Placement") of units ("Units") for total proceeds of up to approximately $2,025,000 . The Private Placement is expected to consist of up to 4,500,000 Units at a price of $0.45 per Unit. Each Unit will consist of one (1) common share (each, a "Common Share") in the capital of the Company and one (1) transferrable common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share at a price of $0.70 per Common Share until the date that is five (5) years from the date of issuance. The Company intends to use the proceeds from the Private Placement for general working capital purposes.

The Private Placement will be conducted in all provinces of Canada pursuant to private placement exemptions, in the United States to "qualified institutional buyers" pursuant to an exemption from registration under the United States Securities Act of 1933, as amended, and in such other jurisdictions as are agreed to by the Company and the Agents in accordance with applicable law. Closing is expected to occur on or about August 9, 2022 and is subject to certain conditions, including but not limited to the receipt of all necessary corporate and regulatory approvals, including the approval of the Canadian Securities Exchange. The securities issued and issuable in connection with the Private Placement will be subject to a hold period of four months from closing in accordance with applicable securities laws.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities, in the United States or in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements.

Kuya Silver is a Canadian–based mineral exploration and development company with a focus on acquiring, exploring, and advancing precious metals assets in Peru and Canada .

This news release contains statements that constitute "forward-looking information," including statements regarding the plans, intentions, beliefs, and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "must," "next," "propose," and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Without limiting the generality of the foregoing statements, the Company meeting all conditions for a timely closing of the Private Placement, including obtaining all required approvals, and the proposed use of the proceeds of the Private Placement, are forward-looking statements. Investors are cautioned that statements including forward-looking information are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those described in the forward-looking information as a result of various factors, including but not limited to fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing, and general economic, market, and business conditions. There can be no assurances that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

View original content: http://www.newswire.ca/en/releases/archive/July2022/26/c6449.html

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Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company") announced it has agreed to a term loan financing (the "Loan") with two non-arm's-length related parties of the Company (the "Lenders") for aggregate proceeds of CAD$300,000 to be used for general working capital purposes in Peru and Canada.

The Loan will have a 12-month term and an interest rate of 4%, accrued monthly, with interest becoming due and payable on repayment of the principal or at the end of the term. Additionally, the Company has agreed to issue the Lenders 450,000 common share purchase warrants (each a "Warrant"), with the number of Warrants granted to each Lender proportional to the amount provided by such Lender. Each Warrant will entitle the holder to purchase one common share of the Company at a price of CAD$0.47 until the date that is 12 months from the date of issuance. The Warrants will be subject to a hold period expiring four months and one day from the date of issuance.

Kuya's goal for the Bethania Silver Project (the "Project") remains to build a 350-tpd processing facility (the "Plant") as contemplated in the technical report summarizing the results of the recent preliminary economic assessment in relation to the Project (the "PEA Report"). However, in the immediate future, the Company's management has decided to focus on reviewing options that will add further value to the Project, until conditions are supportive for raising the required funds and making a construction decision. The Company is evaluating the opportunity to conduct toll-milling (i.e. processing ore from the Project at a third-party mill into saleable concentrate) at Bethania prior to construction, which could generate near-term cash flow while de-risking the mining operation by providing valuable production experience, and advancing the underground development required for eventual full-scale production.

In addition to toll-milling, the Company's management believes there are opportunities to expand on the Company's exploration strategy throughout the Bethania district, where several high-priority targets are ready to be followed up with mapping and sampling programs to advance these targets to a drill-ready stage.

For more information on the Project, please see the PEA Report, the full title of which is "Bethania Silver Project - NI 43-101 Technical Report (Preliminary Economic Assessment prepared for Kuya Silver Corporation), Huancavelica, Peru." The PEA Report was prepared by Mining Plus, with contributions from other consultants, and has an effective date of April 6, 2022. The PEA Report is available under the Company's SEDAR profile at www.sedar.com.

The Company's President and CEO David Stein stated, "The Kuya management team has worked hard to add value to its 100%-owned Bethania Silver Project, bringing it closer to the construction phase and assembling a much larger land position surrounding the mine in the Bethania district. We believe that the value of this exciting silver asset is there to be unlocked and we are well-positioned to achieve rapid growth, in production and cash flow, and in exploration, as the markets improve."

The participation of the Lenders in the Loan 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 and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the Loan Transaction, as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the Loan Transaction, insofar as it involves the related parties (being the Lenders), exceeds 25% of the Company's market capitalization (as determined under MI 61-101). Further details will be included in a material change report to be filed by the Company. The material change report will not be filed more than 21 days prior to closing of the Loan Transaction due to the timing of the announcement of the Loan Transaction and the anticipated closing thereof occurring in less than 21 days.

The technical content of this news release has been reviewed and approved by Mr. David Lewis, P.Geo., Exploration Director of Kuya Silver and a "Qualified Person" as defined by National Instrument 43‐101 - Standards of Disclosure for Mineral Projects.

Kuya Silver is a Canadian‐based mineral exploration and development company with a focus on acquiring, exploring, and advancing precious metals assets in Peru and Canada.

For more information, please contact the Company at:

Kuya Silver Corporation Telephone: (604) 398‐4493 info@kuyasilver.com www.kuyasilver.com

This release contains statements that constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may," "would," "could," "should," "will," "intend," "plan," "goal," "anticipate," "believe," "estimate," "expect," "achieve," "must," "next," "focus," "potential," "progress," "develop," "continue," "advance," "investigate," "optimize," "improve," "opportunity," "future," "prospect," "vision," "target," "growth," "envisage," "option," "roadmap," "pursue," "near-term," "de-risking," "eventual," "later," "until," and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Forward-looking information in this release includes, but is not limited to, information relating to the use of the proceeds of the Loan Transaction. Investors are cautioned that statements including forward-looking information are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those described in the forward-looking information as a result of various factors, including but not limited to fluctuations in the market price of silver and other commodities, successes of the operations of the Company, continued availability of capital and financing, the Company's ability to obtain and renew required permits, licenses, consents, authorizations, and approvals, general economic, market, and business conditions, and the other risks identified under the heading "Risk Factors" in the Company's annual information form dated April 20, 2022 and in other disclosure documents available on the Company's profile on SEDAR at www.sedar.com. There can be no assurances that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/131613

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Falcon Gold Corp. (FG:TSX-V), (3FA:GR), (FGLDF:OTCQB), ("Falcon"); and Marvel Discovery Corp. (TSX-V:MARV), (Frankfurt:O4T), (MARVF:OTCQB), ("Marvel"); and together (the "Alliance") are pleased to provide an update on their combined exploration focus for their Hope Brook Projects which are strategically located contiguous to Benton-Sokoman Joint Venture, and First Mining's ground which was recently optioned to Big Ridge Exploration. The Alliance had originally planned to complete high resolution magnetic gradiometer surveys over the project area, a proven method to distinguish structural complexities in geological terranes. Start of the survey work has been delayed due to helicopter availability from forest fires in Central Newfoundland, a state of emergency was issued. Providing the Alliance an opportunity to conduct a geophysical review and structural interpretation over the Hope Brook project area in advance of the survey and surface work. The Alliance is pleased to announce that the geophysical review has identified kilometer-scale shear zone corridors, and a major fold closure, interpreted from the magnetic patterns, within the Hope Brook Property area. These will be the focus of prospecting and till sampling projects employed to verify the structures and determine their mineralization potential. With recent success in identifying anomalous gold, tungsten, silver and copper reported by Falcon at their Gander North Property (September 15, 2022), the Alliance has shifted their exploration focus to the Gander district

In the past year, Benton-Sokoman made headlines announcing the first High Grade Discovery of Lithium bearing pegmatites at their Golden Hope project. It is important to note this discovery is less than 1 km away from the combined ground held by Falcon and Marvel, and appears to be the same structural corridor covered by the Alliance land tenure. The 35 grab and chip samples noted in the Benton-Sokoman NR (September 16th 2021) were collected over a 2 km distance. Their sampling program confirmed the presence of lithium pegmatites, and the first significant occurrence of Lithium documented in the province of Newfoundland and Labrador, Canada.

Falcon and Marvel recently formed a strategic partnership (November 17, 2021) that combines both the Hope Brook and Baie Verte Brompton District properties covering a combined 115,170 hectares to be explored on a 50-50 Joint Venture basis. The Hope Brook Property is hosted within the Exploits subzone of the central Newfoundland gold belt. The property covers extensions of, or are proximal to, two major structures linked to several significant gold prospects (Cape Ray; Matador Mining) and deposits (Hope Brook; First Mining) in southern Newfoundland. Rock lithologies and structures on the property are also related to those associated with Marathon Gold's Valentine gold deposits, Sokoman's Moosehead gold project and New Found Gold's Queensway gold project. The combined land position straddles both the eastern and western extents of recent land acquisitions by the Benton-Sokoman JV partnership, with the JV now controlling areas of considerable structural complexity marked by large-scale fold and fault structures, which provide important structural controls (traps) for gold mineralization within this area.

Within this immediate area, the most significant deposit is the Hope Brook Gold Mine, which was in production from 1987 to 1997, producing 752,163 ounces of gold. The Hope Brook deposit is now owned by Coastal Gold Corp., which has outlined an additional 6.33 million tonnes at an average grade of 4.68 grams per tonne gold for 954,000 ounces of gold in the indicated and inferred categories.

The technical content of this news release has been reviewed and approved by Greg Robinson, P.Geo., who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Falcon's flagship project, the Central Canada Gold Mine, is approximately 20km southeast of Agnico Eagle's Hammond Reef Gold Deposit which has currently estimated 3.32 million ounces of gold (123.5 million tonnes grading 0.84 g/t gold) mineral reserves, and 2.3 million ounces of measured and indicated mineral resources (133.4 million tonnes grading 0.54 g/t gold). The Hammond Reef gold property lies on the Hammond shear zone, which is a northeast-trending splay off the Quetico Fault Zone ("QFZ") and may be the control for the gold deposit. The Central Gold property lies on a similar major northeast-trending splay of the QFZ.

The Company holds 14 additional projects: The Esperanza Gold/Silver/Copper mineral concessions located in La Rioja Province, Argentina, The Viernes Gold/Silver/Copper project in Antofagasta Chile, The Springpole West Property in the world-renowned Red Lake mining camp; a 49% interest in the Burton Gold property with Iamgold near Sudbury Ontario; and in B.C., the Spitfire-Sunny Boy, Gaspard Gold claims; and most recently the Great Burnt, Hope Brook, and Baie Verte acquisitions adjacent to First Mining, Matador, Benton-Sokoman's JV, and Marvel Discovery in Central Newfoundland.

Karim Rayani Chief Executive Officer, Director

Telephone: (604) 716-0551 Email: k@r7.capital

Cautionary Language and Forward-Looking Statements

Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Forward-looking statements in this press release relate to, among other things: completion of the proposed Arrangement. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. There is no assurance any of the conditions for closing will be met. Forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law

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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Satori Resources Inc. (TSXV: BUD) ("Satori" or the "Company") is pleased to announce the commencement of its fall drilling campaign at the Tartan Lake Project, Flin Flon, Manitoba.

The Company plans to test the Hanging Wall Zone (in Main Zone) to extend the significant mineralization that was intersected in hole TLMZ21-12, which returned 47.56 g/t Au over 5.8 metres, within a broader interval that averaged 23.76 g/t Au over 12.6 metres (see news release dated December 6, 2021). This intercept isthe second highest value intercept ever recorded at Tartan Lake Main Zone and the Company believes that the physical differences in lithology and mineralization tenor suggest that this could represent the upper portion of a new zone in the hanging wall of the Main Zone trend.

The Company also plans to follow up on the most significant intersection reported from the South Zone in 2021. TLSZ21-05, intersected 7.48 g/t Au over 16.75 metres within a broader interval that averaged 4.76 g/t Au over 27.80 metres.

Jennifer Boyle, Chief Executive Officer, states, "This fully funded program is designed to expand the newly identified mineralization in the Main Zone hanging wall and the South Zone. Recent drilling over the past year and a half has evidenced the tremendous potential for this project which has been long overlooked throughout the past three decades."

Wes Hanson, P.Geo., is the qualified person who has reviewed and approved the contents of this press release.

ABOUT Satori Resources Inc. (TSXV: BUD)

Satori is a Toronto-based mineral exploration and development company whose primary property is expanding the resource at the past producing Tartan Lake Gold Mine Project, located in the prolific Flin Flon Greenstone Belt, Manitoba.

The Tartan Lake Project (2,670 Ha.) is located approximately 12 kilometres northeast of Flin Flon, Manitoba, and includes the Tartan Lake Mine (1986-1989) which produced 36,000 ounces of gold before the mine was shut down due to, in part, the price of gold falling below USD$390. Remaining infrastructure includes: an indicated resource estimate of 240,000 ounces averaging 6.32 g/t Au (see news release February 23, 2017), an all-season access road, grid connected power supply, mill, mechanical, warehouse and office buildings, tailing impoundment and a 2,100 metre decline and developed underground mining galleries to a depth of 300 metres from surface. Gold mineralization is associated with anastomosing quartz-carbonate veins hosted in east-west striking, steeply dipping shear zones up to 30 metres in width. The veins vary from several centimetres to several metres in width and gold grades vary from 1.0 to +100 g/t. Satori believes the mineral resources of the project are currently limited by drill coverage.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Jennifer Boyle, B.A., LL.B. President and Chief Executive Officer Satori Resources Inc. (416) 904-2714 jennifer@capexgroupinc.com

Mr. Pete Shippen Chair, Satori Resources Inc. (416) 930-7711 pjs@extramedium.ca

Neither the 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.

This news release of Satori contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Satori's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/138081

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Finlay Minerals Ltd. (TSXV: FYL) (OTCQB: FYMNF) (" Finlay " or the " Company ") is pleased to announce results from the 2022 exploration program conducted on its ATTY Property (" ATTY ") which included trenching at the Attycelley Target, and mapping and rock sampling at the KEM Target

Highlights included Trench 2 on the Attycelley Target assaying 32.4 g/t silver ("Ag"), 0.34 % copper ("Cu"), 1.07 % lead ("Pb"), 2.98 % zinc ("Zn"), and 0.04 g/t gold ("Au") over 11 metres, ("m") including 1 metre grading 198 g/t Ag, 1.62 % Cu, 8.23 % Pb, 0.88 % Zn, and 0.18 g/t Au.

Robert F. Brown , President & CEO of Finlay Minerals states:

" The 2022 ATTY exploration advanced the KEM porphyry and Attycelley epithermal vein targets to drill-ready status. Favorable alteration, widespread mineralization and coincident geophysical anomalies at both these adjacent occurrences suggests the presence of a significant mineralizing system underlying the western portion of the ATTY Property.  F inlay is pleased with the results and target sizes and will be planning further exploration for 2023."

The Attycelley target is an east-northeast-trending, steeply south-dipping, low-sulphidation epithermal vein system along a similar trending fault/shear. The structure exhibits intense oxidation and clay alteration associated with meter-scale quartz-carbonate-galena-sphalerite-chalcopyrite-pyrite veins.

The Attycelley target is east-northeast of the KEM target.  ( Click HERE to view the Zn Soil and Rocks map for Attycelley and KEM .)  Mapping and sampling have demonstrated mineralization over 500 m in length striking to the east and dipping steeply to the south. Based on past and 2022 geological mapping, the Attycelley target coincides with a structure mapped for 2,200 m along strike, with potential for mineralization along its entire length. The structure appears to extend west-southwest to the KEM target.

In 2022, mineralization along the shear zone was exposed and sampled in three (3) hand-dug trenches, the extents of which were limited by overburden cover; mineralization in all three trenches is open laterally.

Trench 1 was sampled across 5 m , and the first two (0- 2 m ) samples were mineralized within sheared, chloritized, and oxidized volcanic rocks and averaged 11.3 g/t Ag, 0.07 % Cu, 0.21 % Pb, 0.70 % Zn, and 0.38 g/t Au. Mineralization in quartz-carbonate veins included malachite stains, blebby chalcopyrite, and pods of galena.

Trench 2 was the western and longest trench.  The trench was 11 m long.  Sampling was done on 1 m intervals and included 1 m (7- 8 m ) grading 198 g/t Ag, 1.62 % Cu, 8.23 % Pb, 0.88 % Zn, and 0.18 g/t Au, within 11 m grading 32.4 g/t Ag, 0.34 % Cu, 1.07 % Pb, 2.98 % Zn, and 0.04 g/t Au.

Trench 3 was sampled across 2 m of sheared, chloritized oxidized volcanic rock, with calcite-quartz veining mineralized by pyrite, malachite, chalcopyrite, and blebby galena.  The 2 m interval averaged 9.3 g/t Ag, 0.11 % Cu, 0.48 % Pb, 0.35 % Zn, and 0.11 g/t Au.

Trenches 1 and 3 were sampled using a typical channel saw along the desired length with 1 m continuous sample intervals. Trench 2 was channel sampled by chipping the heavily altered and oxidized rock with a shovel and hammer and sampling composite 1 m sample intervals.

The KEM target consists of a multi-oriented mineralized vein/breccia swarm underlain by a deep high chargeability anomaly as indicated by induced polarization (IP) surveys. KEM is considered a porphyry Cu-Au target due to its characteristic alteration and vein assemblages. The occurrence lies 1.8 km north of the Kemess North Trend which hosts Centerra Gold's Kemess Underground and Kemess East porphyry deposits. The Kemess East deposit is truncated at its eastern margin by a northwest-trending fault which extends onto the ATTY property and west of the KEM target area.

The 2022 exploration program expanded the extent of the known mineralization and further supports the potential for a porphyry system at the KEM Target. Alteration mapping north of historic drilling showed a gradational increase in the intensity of propylitic alteration northward, with exposures of weak potassic alteration assemblages in the far north. Multiphase quartz-carbonate-chalcopyrite-malachite-pyrite veins range in thickness from 5 cm – 2.0 m , and trend subparallel to topography for > 1 kilometre.

The 2022 KEM rock samples, of which there were 31 samples, consisted of mineralized veins, breccias and altered country rock. Samples yielded up to 0.61 g/t Au, 49.5 g/t Ag, and 1.10 % Cu.  Average assay values for the rock samples were 0.11 g/t Au, 0.29 % Cu and 14.9 g/t Ag.

Selected Rock Sample Highlights from the KEM Target:

Composite 1 m chip sample over chloritized and brecciated basalt with quartz and calcite matrix

Quartz-carbonate oxidized vein with malachite

Augite phyric basalt cut by quartz and calcite veining and pervasively chlorite and epidote altered

Crystalline epidote-hematite-quartz-chalcopyrite- magnetite veins cross-cutting propylitic altered basalt

Multiple parallel stages of quartz-chalcopyrite, quartz- calcite-hematite-chalcopyrite and vein breccia

Quartz-calcite-chalcopyrite matrix within a brecciated propylitic altered augite phyric basalt

Vuggy quartz breccia and parallel wide coxcomb quartz-chalcopyrite vein

Cross cutting oxidized quartz-chlorite-malachite vein and oxidized quartz-calcite-chalcopyrite breccia vein

These KEM rock samples are from outcrops and the field sampling was selective.

The 2022 ATTY program included a total of 71 rock, 18 channel/chip, and 162 soil samples. Additionally, numerous mapping points, structural measurements, and alteration chips for spectral analysis were collected.  Further maps, details and photos from the 2022 ATTY exploration program are available on the Finlay website at www.finlayminerals.com under the ATTY Property Mineralization page.

The ATTY Property is located within the Toodoggone Mining District of northern British Columbia.  It is situated north of Centerra Gold Inc.'s former Kemess South Mine, the fully permitted Kemess Underground Cu-Au porphyry deposit, and the Kemess East Cu-Au porphyry deposit, and to the south of Amarc Resources' and Freeport McMoRan's joint venture Joy property hosting the Pine and Mex Cu-Au porphyry targets.

The KEM represents a Cu-Ag porphyry target and combined with the Attycelley low-sulphidation epithermal vein target, both now have drill-ready targets for discovery.  With the purchase of the adjacent ATG Property, the ATTY also now includes the Wrich target which is south of the South Takla target which hosts a large Cu-Au surface geochemical anomaly on the Joy Property. ( Click HERE to view the complete ATTY Property Map .)

The ATTY property contains intriguing targets with great potential for near-term discovery.

All samples were shipped to ALS Global Laboratories for analysis. The rock and trench samples were sampled, photographed and geological information was taken in the field. The samples were placed in sample bags with a sample tag and securely sealed with zap straps and then placed in rice bags that were sealed with security tags and then shipped to ALS Global Laboratories in Kamloops, BC . Rock and trench samples were crushed to 70% less than 2 millimetres, rotary split off 250 grams ("g"), and pulverised split to better than 85% passing 75 microns. Samples were analyzed for 48 elements by four-acid digestion on a 0.25 g sample (method ME-MS61). Gold was analyzed by fire assay using a 30 g sample with an AAS finish (method Au-AA23). Over limit silver assays greater than 100 ppm were re-analyzed by fire assay using a gravimetric finish using a 30 g sample. Assays for copper, lead and zinc that were greater than 10,000 ppm were re-analyzed by four-acid digestion and an ICP finish using a 0.4 g sample for overlimit values.

Soil samples were placed within rice bags, securely sealed with security tags, and shipped to ALS Global Laboratories in Kamloops, BC . The soil samples were dry screened to 180 micron (80 mesh) and analyzed by Aqua Regia (AuME-TL43) using a 25 g sample.

In addition to the ALS Global Laboratory QA/QC protocols, Finlay Minerals implements an internal QA/QC program that includes the insertion of duplicates, standards, and blanks into the sample stream accounting for 4% of the total samples.

Wade Barnes , P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

Finlay is a TSXV company focused on exploration for base and precious metal deposits in northern British Columbia .

Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown , P. Eng. President & CEO

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements.  Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the ATTY Property.  Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

View original content: http://www.newswire.ca/en/releases/archive/September2022/22/c5709.html

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Nevada Sunrise Gold Corporation (TSXV: NEV) (OTC: NVSGF), (" Nevada Sunrise" or the " Company "), announced today that effective September 23, 2022 the Company's name will change from "Nevada Sunrise Gold Corporation" to "Nevada Sunrise Metals Corporation."

The Company's common shares will begin trading on the TSX Venture Exchange on September 23, 2022 under the new name.  The Company's trading symbol will remain "NEV".  The new CUSIP will be 641492103 and the new ISIN number will be CA6414921032. The share capital of the Company remains unchanged.

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC , Canada , that holds interests in lithium, gold, copper and cobalt exploration projects located in the State of Nevada, USA .

Nevada Sunrise owns 100% interests in the Gemini and Jackson Wash lithium projects, both of which are located in Esmeralda County, NV. The Company owns Nevada water right Permit 86863, located in the Lida Valley basin, near Lida, NV.

The Company's key gold asset is a 20.01% interest at the Kinsley Mountain Gold Project ("Kinsley Mountain") near Wendover, NV. Kinsley Mountain is a joint venture with Copaur Minerals Inc. Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au 1 .

Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin, Ph.D., and Gary L. Simmons, MMSA and filed under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR ( www.sedar.com ).

Nevada Sunrise has right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, NV , with Global Energy Metals Corp. holding an 85% participating interest.

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

SOURCE Nevada Sunrise Gold Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2022/21/c0362.html

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New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to outline the Company's 2022 exploration programs at its 100% owned Moray property ("Moray") located approximately 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson Gold Mine operated by Alamos Gold Inc. New Break developed a fresh approach to 2022 exploration following the interpretation of results from its 2021 exploration programs, including observations and findings from detailed compilation work that also identified gaps in historical exploration work. Gold mineralization at Moray occurs in second order structures interpreted as splays off the Cadillac Larder-Lake Fault Zone, part of the famous Abitibi greenstone belt.

For almost 60 years, Moray has attracted over a dozen different operators, including mining industry giants like Noranda Inc. ("Noranda"), Rio Tinto, Inmet Mining Corporation and Newmont Corporation. Successive cycles of exploration work were completed, focused on gold, base metals (Cu, Pb, Zn, Ag) and ultramafic hosted Ni-Cu mineralization with 13 separate mineral showings recognized in the Ontario Mineral Index Inventory. Historical drilling includes an aggregate of 9,794 metres in 61 diamond drillholes, completed from 1964 to 2012 by a dozen different companies, including the most recent 2012 work, completed by SGX Resources Inc. ("SGX"). SGX performed prospecting and trenching programs during the summer of 2012, completed an induced polarisation ("IP") survey in November 2012 and completed a 776-metre diamond drilling program in five drillholes in December 2012. SGX cut short its exploration of Moray to focus on another nearby property. After a number of years of inactivity, New Break is bringing a fresh and collaborative approach to exploration at Moray.

Numerous instances of short tenure by past operators left a gap in understanding the geological structures that underlie the Moray property and its mineral showings. Success from drilling is increased tremendously by spending the necessary time and performing the necessary work to gain this understanding. New Break has focused on analyzing all historical work on the property, including historical drilling. Through this analysis and after incorporating new field work and interpretations, it is apparent that other compelling drill intersections of gold mineralization have never been followed up.

Michael Farrant, President and CEO of New Break, noted, "After acquiring the Moray property in September 2020, the task of understanding the geology of Moray and its potential host an economic mineral deposit was led by Bill Love, New Break's Vice-President, Exploration and a key member of the Hemlo gold deposit discovery team. Discoveries like Hemlo don't come without patience and developing a new and better understanding of the geology. The 1981 discovery at Hemlo was years in the making and only came after 75 unsuccessful drillholes by Corona Resources. The Hemlo gold camp has produced over 22 million ounces of gold and is one of Canada's most important gold camp discoveries. Who better to lead the efforts at Moray than one of the geologists who participated in the Hemlo discovery."

Bill Love built a technical team comprised of Orix Geoscience Inc. ("Orix"), along with a number of industry specialists to support him in undertaking a detailed compilation of the historical exploration work performed at Moray. Initial collaboration included reviewing assessment reports, observing and sampling historical drill-core, speaking to past operators to understand their perspectives on the property and facilitating a variety of technical sessions focused on interpretation and targeting. The results of 2021 survey work were interpreted using advances in technology, including proprietary 3-D modelling. 2022 exploration programs have been further designed to allow New Break to develop the best ever drill targets on the Moray property, based on a new and comprehensive geological understanding, and drill them.

In August and October 2021, Shaun Parent, P. Geo., of Superior Exploration Co. ("Superior Exploration") completed 22.61 line-kilometres of Very Low Frequency ("VLF") ground geophysical surveys over three principal targets areas, the Fiset showing ("Fiset"), the Voyager showing ("Voyager") and over the eastern end of Moray Lake, in order to test the historical results yielded in the NOR-1 drillhole, drilled by Noranda in 1965. VLF data are used to map geologic structure, including the apparent dip of fault zones and shear zones. The data can be interpreted to identify the dip of these structures for reliable drilling. The main Voyager trend was evident from the results of the survey and is evidenced by pyrite-pyrrhotite mineralization associated with mafic volcanics. The VLF survey at the East end of Moray Lake did produce a conductor/structure co-incident with the presumed azimuth of the NOR-1 drillhole.

From early October 2021, New Break engaged Pioneer Exploration Consultants Ltd. ("Pioneer") to perform a detailed airborne drone magnetometer ("Drone-MAG") survey over the entire 1,856-hectare Moray property using an Unmanned Aerial Vehicle ("UAV"). The UAV provides a low altitude aeromagnetic survey, producing high resolution data at regular intervals at a fraction of the cost of ground magnetics. The Drone-MAG survey resulted in New Break gathering Total Magnetic Intensity, 1st Vertical Derivative and 3D Analytic Signal data for the Moray property. The Drone-MAG survey details are noted in the following table:

Magnetic methods are applicable to gold exploration in syenites, such as the Fiset syenite at Moray, because alteration readily destroys magnetite such that gold deposits in syenites invariably occur within "magnetic quiet zones". The data generated through the Drone-MAG survey at Moray, was further analyzed with the generation of magnetic inversions. The magnetic inversions provide a 3-D view of areas where magnetite destruction has occurred, including gold mineralized sections of the Fiset syenite, similar to syenite-hosted gold mineralization found at the Young-Davidson mine. Areas of magnetite enrichment are also highlighted, associated with serpentinization and potential Ni-Cu mineralization in the Moray ultramafic rocks.

In March 2022, New Break purchased the raw IP data from SGX from their 2012 IP survey, which was far more cost effective than duplicating the work. IP surveys are important as they measure the chargeability and conversely the resistivity of the subsurface and are a well-known tool for mapping disseminated style mineralization and sulphide mineralization associated with gold. IP can help discriminate between non-mineralized conductors such as shear zones and faults and map alteration zones.

New Break engaged Alan King of Geoscience North Ltd. ("Geoscience North") with the assistance of Gordon Morrison, to interpret the results of the 2021 VLF and Drone-MAG surveys, along with the purchased raw IP data. Mr. King was Chief Geophysicist at Inco Ltd. and Vale S.A., while Mr. Morrison was past President of TMAC Resources Inc. as well as having been an integral part of the discovery of 13 major polymetallic and precious metal deposits, six of which are producing mines. Through the use of proprietary technology, Mr. King created a geological model of the Moray property incorporating the VLF, Drone-MAG and IP data which has yielded revolutionary new targets for mechanical stripping and drilling unlike any historical data interpretation conducted in respect of the Moray property.

Spring and Summer 2022 Moray Exploration Programs

VLF Survey of the Fiset Syenite

3-D modelling of Drone-MAG survey data by Geoscience North has interpreted a magnetic low represented in a southerly plunging inversion shape within the Fiset syenite. As a result, New Break again engaged Superior Exploration to complete a 14.88 line-km VLF ground geophysical survey of the northeastern corner of the Moray property in April 2022. The purpose of the survey was to test for conductors and structures associated with this plunging magnetic low. Gold mineralization is thought to exist in the altered syenite. The survey yielded two VLF trends that have yet to be tested.

Glacial till sampling is a tried-and-true mineral exploration technique based on glacial erosion and the down-ice transportation of primary bedrock mineralization. This relatively new method has led to several critical gold discoveries in Canada in the past few decades, including the Rainy River gold deposit in northwestern Ontario. Till sampling has never been performed on the Moray property by any of the previous operators. In June 2022, New Break engaged IOS Services Géoscientifique Inc. ("IOS") out of Chicoutimi, Quebec, to complete a till sampling survey of the Moray property. In 2021, IOS completed an extensive till sampling program for Kenorland Minerals Ltd. on their Frotet Project in Quebec.

From June 5-10, 2022, IOS visited the Moray property taking 46, 10-kilogram basal till samples from the C-horizon of glacial till. The sampling grid consisted of sampling lines (WSW-ENE and E-W) approximately 1 kilometre apart and perpendicular to the dominant ice flow with spacing of approximately 250 metres between samples. Samples will be processed by IOS in Chicoutimi, Quebec using their ArtPHOT and ArtGOLD methodologies. Following sample preparation, this involves the use of a high-resolution optical camera to identify gold grains and their morphologies (ArtPHOT technique). Any gold grains recognized through automated photo recognition will be scanned with a research-grade scanning electron microscope to confirm the composition. The analysis and findings are expected to be completed by the end of October 2022.

Mechanical Stripping, Washing, Channel Sampling and Structural Mapping

During the process of compiling the results of historical exploration work on the Moray property, it became apparent to New Break that no previous operator had completed a sufficient level of structural mapping to understand the geological structure associated with the main mineral showings on the property. In addition, while SGX did undertake a 76-sample prospecting program and completed 2,285 m2 of mechanical stripping in a 15-trench program that yielded 194 samples, SGX did not cut channel samples and did not drill their best gold target in their December 2012, 5-hole, 776 metre drilling program.

In approaching 2022 exploration of Moray, New Break determined that gaining a better understanding of the structural controls governing the mineralization at Moray was a critical component to ensuring the greatest chance of future drilling success. New Break engaged CXS Canadian Exploration Services Ltd. ("CXS") out of Larder Lake, Ontario, to complete an initial program of approximately 3,800 m2 of mechanical stripping, principally focused on the Voyager area, including the historical SGX trench 12 and the Fiset area, including the historical SGX trench 1 and NOR-1 vein discovered by Noranda. Stripping, which also included the dewatering of SGX trenches 1 and 12 to accommodate structural mapping by Orix, was completed from June 20-30, 2022. CXS washed both the newly stripped areas and the historical SGX trenches 1 and 2 at Fiset and trench 12 at Voyager which was followed by a 135-sample channel sampling program. The channel sample areas were marked by New Break personnel and cut by CXS, with the program being completed on July 17, 2022.

New Break engaged Orix to oversee the channel sampling program and complete detailed structural mapping of the Voyager and Fiset areas, including prospecting, which included taking 77 rock chip samples from various areas of the Moray property, including historical SGX trench 12 at Voyager. Orix arrived at Moray on July 13, 2022 and completed a high-resolution drone imaging survey of the new and historical stripped areas at Moray. This high-resolution survey has provided New Break with an unprecedented visual record of exploration work at Voyager and Fiset. Orix completed the rock sampling program, including geological and structural mapping by mid-August 2022. New Break expects the assay results from the channel sampling and prospecting programs to be available in the coming days.

The 2022 exploration work programs at Moray are being funded in part by the Province of Ontario as part of the Ontario Junior Exploration Program ("OJEP"). New Break is extremely pleased to be part of a small group of companies that were successfully approved to receive funding under OJEP. The funding period covers eligible exploration work completed between April 1, 2022 and February 15, 2023. Eligible expenses are reimbursed at a rate of 50% with the aggregate reimbursement capped at $200,000. Only 12 companies were approved during the first intake in 2021 and only 18 were approved in the second intake in 2022, including New Break, which accomplished this while still private. Further information on OJEP can be found at www.ontario.ca/page/ontario-junior-exploration-program, including a list of the successful companies.

The Moray property is fully permitted for conducting prescribed exploration activities, including mechanical stripping and drilling, for a period of three years to October 21, 2024. In addition, New Break has the support of the Matachewan and Mattagami First Nations ("First Nations") through a Memorandum of Understanding ("MOU") signed October 22, 2022. New Break has agreed to make payments to the First Nations equal to 2% of the cost of prescribed exploration activities and where possible, New Break will look to offer employment and training opportunities to First Nations members.

Peter C. Hubacheck, P. Geo., consulting geologist to New Break, and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure in this news release.

About New Break Resources Ltd.

New Break is a Canadian mineral exploration company with a dual vision for value creation. In northern Ontario, New Break is focused on its Moray Project, in a well-established mining camp, within proximity to existing infrastructure, while at the same time, through our prospective land holdings in Nunavut, we provide our shareholders with significant exposure to the vast potential for exploration success in one of the most up and coming regions in Canada for gold exploration and production. New Break is supported by a highly experienced team of mining professionals committed to placing a premium on Environmental, Social and Corporate Governance. Information on New Break is available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.newbreakresources.ca. New Break began trading on the Canadian Securities Exchange (www.thecse.com) on September 7, 2022 under the symbol (CSE: NBRK).

For further information on New Break, please contact:

Michael Farrant, President and Chief Executive Officer Tel: 416-278-4149 E-mail: mfarrant@newbreakresources.ca

And follow us on Twitter and LinkedIn

No stock exchange, regulation securities provider, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to property agreements, timing and content of upcoming work programs, geological interpretations, receipt of property titles, an inability to predict and counteract the effects global events on the business of the Company, including but not limited to the effects on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains etc. Forward-looking information addresses future events and conditions and therefore involves inherent risks and uncertainties, including factors beyond the Company's control. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise any forward-looking information, except as may be required by law. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's financial statements and management's discussion and analysis (the "Filings"), such Filings available upon request.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137944

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Virtual core shack visit planned for September 21, 2022 at 4:00 pm EDT

Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) (the "Company" or "Prismo") is pleased to provide an update of the drilling program currently underway at its Palos Verdes project, located in the historic Panuco-Copala district of the state of Sinaloa, Mexico. The Company has drilled approximately 560 meters in two core holes of a planned minimum of 2,000-meter drill program, with the second hole currently in progress. The Palos Verdes property is contiguous to the Panuco silver-gold project of Vizsla Silver Corp. The drilling campaign is expected to last approximately two and a half months. The first batch of samples have been sent to SGS, an internationally recognized laboratory with a preparation and analytical facility near the project in Durango, Mexico.

"After a challenging start due to a particularly intense rainy season and some maintenance issues with the drill rig, we are now advancing with the drilling," said Craig Gibson, President and CEO of Prismo. "The first batch of samples have been sent to the lab for analysis. Results are expected to be received in about two weeks."

The drill program is designed to test the Palos Verdes vein and a structural intersection with a second vein at depths where it is believed that potential for a large ore shoot is present, similar to the drilling accomplished by Vizsla Silver on their adjacent land package. Previous shallow drilling has intersected high grade mineralization with the best intercept of 2,336 g/t Ag and 8.42 g.t Au over a true width estimated at 0.8 meters within a larger mineralized interval with 1,098 g/t Ag and 3.75 g/t Au over a true width of 2.3 meters (see Prismo's news releases dated September 30 and December 20, 2020).

Photos of some vein intercepts from the current drilling campaign are presented on the Prismo website:

https://prismometals.com/wp-content/uploads/2022/09/photos_of_vein_intercepts_from_the_second_hole_Palos_V.pdf

Prismo also announces that will be hosting virtual visit of its Palos Verdes core shack by ZOOM call on Wednesday September 21, 2022 at 4:00 pm EDT.

Format: Management presentation (15 to 20 minutes) followed by question period (5 to 10 minutes). Please email your questions to jason.frame@prismometals.com

https://us02web.zoom.us/j/85022667307?pwd=bG14bC9KMXUrOHFFbGJhMzVUSW95Zz09

The investor update will be posted on the Company's website immediately following the meeting.

Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations and President, CEO and a director of the Company, has reviewed and approved the technical disclosures in this news release.

The Palos Verdes project is located in the historic Pánuco-Copala silver-gold district in southern Sinaloa, Mexico, approximately 65 kilometers NE of Mazatlán, Sinaloa, in the Municipality of Concordia. The Palos Verdes concession (claim) covers 700 meters of strike length of the Palos Verdes vein, a member of the north-easterly trending vein family located in the eastern part of the district outside of the area of modern exploration. Shallow drilling (see table of intercepts at www.prismometals.com). This mineralization is open in all directions and the currently planned drilling program is designed to follow it along strike and to depth.

Prismo (CSE: PRIZ) is junior mining company focused on precious metal exploration in Mexico.

Contact: Craig Gibson, Chief Executive Officer and Director 1100 - 1111 Melville St., Vancouver, British Columbia V6E 3V6 craig.gibson@prismometals.com

Jason Frame, Manager of Communications jason.frame@prismometals.com

Neither the Canadian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain forward-looking statements concerning the warrants exercise financing, the proceeds received from such warrant exercise financing, the use of proceeds of the warrant exercise financing, the future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks, the availability of financing, the potential impact of COVID-19 on the Company's exploration program and on the Company's general business, operations and financial condition, and other risks and uncertainties described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137874

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