Ibaera Capital Announces Filing Of Early Warning Report |

As required by applicable securities laws, Ibaera Capital Canada Investments LLC ("Ibaera Capital") announces that it acquired 1,271,429 common shares ("Common Shares") of Fireweed Zinc Ltd. ("Fireweed") at a price of Cdn$0.70 per share for a subscription price of Cdn$890,000 as part of a larger private placement by Fireweed (the "Private Placement").

Prior to completion of the Private Placement, Ibaera Capital held 8,550,000 Common Shares which represented 9.6% of the outstanding Common Shares. After giving effect to the Private Placement, Ibaera Capital held 9,821,429 Common Shares which represented 10.7% of the outstanding Common Shares.

The Common Shares were acquired for investment purposes. Ibaera Capital may, in the future and subject to applicable law, acquire or dispose of Common Shares or other securities of Fireweed depending upon a number of factors, including but not limited to general market and economic conditions and other available investment opportunities. In accordance with rights granted by Fireweed to Ibaera Capital in connection with the Private Placement, Ibaera Capital intends to nominate one person for appointment to the board of directors of Fireweed.

A copy of the early warning report is available under Fireweed's SEDAR profile at www.sedar.com. For further information, please contact the following.

James Wallbank investors@ibaera.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/125630

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Fireweed is a Canadian mining exploration and development company focused on advancing the Macmillan Pass, Mactung and Gayna River Projects located in the Yukon and Northwest Territories, Canada.

Fireweed Metals will sustainably explore and develop critical minerals assets to support the transition to a low-carbon economy. We will do this in a way that reflects our core value of respect, for both the environment in which we work and the people we work with. We will focus on leading with integrity, striving for consistency in words and actions, being honest, transparent, and accountable, mitigating health and safety risks, and being progressive and innovative while promoting environmental and social stewardship. Our collaborative and responsive nature will result in meaningful and trusting relationships with employees and local communities and successful partnerships with and benefits for First Nations and shareholders.

The large Macmillan Pass property encompasses 940 km2 of contiguous mineral claims located 200 km northeast of the settlement of Ross River in the eastern Yukon Territory of Canada. It lies within the traditional territories of the Kaska Dena and First Nation of Na-Cho Nyäk Dun. It is host to the large Tom and Jason shale-hosted zinc-lead-silver deposits as well as the Boundary Zone, Boundary West Zone, Tom North Zone and End Zone which have significant mineralization drilled but not yet classified as mineral resources. The property also includes large blocks of 100 percent-owned adjacent claims (Mac, MC, MP, Jerry, BR , NS, Oro, Sol, Ben and Stump) which cover exploration targets in the district where previous and recent work identified zinc, lead and silver prospects, and geophysical and geochemical anomalies in prospective host geology. The Company has a 70-person camp near the Tom deposit which is accessible via the North Canol Road from the community of Ross River and via a local airstrip.

The Tom and Jason deposits are located in the Selwyn Basin and hosted in Devonian-age Lower Earn Group sedimentary rocks. Zinc-lead-silver sulphide-barite mineralization typically occurs in thick stratiform lenses and extends for as much as 1,200 meters along strike and 450+ meters down dip. The Boundary zones are different and consist of veins, stockworks, disseminations and replacement sulphide mineralization as well as multiple horizons of stratiform mineralization in Devonian-age Lower Earn Group and Silurian-age Road River Group sedimentary rocks respectively. The main economic sulphide minerals are sphalerite and galena.

Based on the 2017 drill results along with the historic core re-sampling results and compilation of historic data, the Company announced updated NI43-101 mineral resources for the Tom and Jason deposits on January 10, 2018 which were substantially larger than historically reported resources. The updated base case resources were as follows:

Details and supporting information are provided in the NI43-101 Technical Report posted on www.sedar.com and in the Company’s news release, both dated January 10, 2018. Additional mineralization subsequently drilled and being drilled at Boundary Zone, Boundary West Zone, Tom North Zone and End Zone as well as step out drill holes at Tom and Jason will be considered in a future updated mineral resource estimate for the Property.

Tom-Jason Preliminary Economic Assessment Report

On May 23, 2018, the Company announced the positive results of an independent NI43-101 Preliminary Economic Assessment (“PEA”) for the Tom and Jason deposits prepared by JDS Energy and Mining, Inc. (“JDS”) with work on tailings and water by Knight Piesold Consulting, both of Vancouver, Canada utilizing the 2018 mineral resources of Table 1.

Details and supporting information are provided in the NI43-101 PEA Technical Report dated July 6, 2018 (effective date May 23, 2018) posted on the Company website, https://fireweedmetals.com, www.sedar.com, and in the Company’s news release dated May 23, 2018.

The large 2022 drill program is underway at Macmillan Pass utilizing four drills. Three of the drills will focus on Boundary Zone and Boundary West Zone with the fourth targeting the Tom and Jason deposits. All zones remain open for expansion. By the end of the 2022 campaign, Fireweed will have four seasons of additional drill data to inform new mineral resources for the project, including inaugural resources for the Boundary, Boundary West, End Zone and Tom North zones, and updated resources for Tom West, Tom East, Tom Southeast, Jason, and Jason South zones.

Blue Sky Potential on Large Land Package

The large 940km2 Macmillan Pass property covers numerous other prospects and anomalies indicating many additional exploration targets with strong blue sky potential for new discoveries. The currently known deposits occupy but small footprints on the large property. Many of these exploration targets occur along the “Fertile Corridor” which is a long lived fault corridor that acted as a plumbing system for mineralization.

Map showing some of the blue sky potential and exploration targets along the Fertile Corridor on the Macmillan Pass property.

In 2022, Fireweed Metals announced its acquisition of the 37.6 km2 Mactung Project in Yukon and Northwest Territories, Canada under terms of a binding Letter of Intent purchase agreement (see Fireweed news release dated June 7, 2022 for details). The Mactung property is located immediately adjacent to its Macmillan Pass zinc-lead-silver property. Mactung is one of the largest and highest-grade tungsten deposits in the world. It is an advanced stage project with extensive historic drilling, engineering, metallurgy, geotechnical, and environmental baseline data collected by previous operators as well as a Class 4 Land Use Permit. The property lies within the traditional territories of the Kaska Dena and First Nation of Na-Cho Nyäk Dun, and the Sahtú Settlement Area.

Gayna River property location map.

The Gayna River Zinc project located 180 kilometres north of the Macmillan Pass property in Northwest Territories, Canada. It is lies within the Sahtú Settlement Area, the Gwich’in Settlement Area, and the asserted territory of the First Nation of Na-Cho Nyäk Dun.

The property is host to extensive critical minerals mineralization including zinc, gallium and germanium as well as lead and silver. Mineralization occurs as veins and breccias in carbonate rocks similar to Mississippi-Valley-Type (MVT) mineralization, or Irish-type zinc-lead mineralization. Sphalerite and minor galena occur as infill within veins, vugs, and breccias along with dolomite-calcite-quartz-pyrite. Historic grab samples contain elevated concentrations of the critical metals gallium (up to 68 ppm) and germanium (up to 15.6 ppm). An extensive area of mineralization was outlined by 28,000 metres of wide-spaced, historic drilling but recent studies indicate potential for high grade massive sulphide targets not recognized by previous operators. The 2022 field program at Gayna River includes a ground gravity survey (now completed) and an airborne LiDAR topographic survey (pending) to define targets for drilling in 2023.

Mr. Robins is a professional geologist with over 35 years of experience mainly as an independent geologist and entrepreneur. Mr. Robins has been involved in many successful exploration ventures and sat on the Boards of several successful exploration companies. Most recently he was Founder, Executive Chairman & Director of Kaminak Gold Corporation which discovered the Coffee Gold Deposits in Yukon and sold the company to Goldcorp for $520 million. In 2008 Mr. Robins was recognized for his achievements in mining exploration by the Association for Mineral Exploration British Columbia with the H.H. “Spud” Huestis Award. This is recognized as the highest award given for mineral exploration and is awarded to those who have made “a significant contribution to enhance the mineral resources of British Columbia and/or the Yukon Territory, through the original application of prospecting techniques or other geoscience technology.”

Mr. Macdonald is a professional geologist with a diverse experience base including exploration geology worldwide and investment banking. In recent years he has focused his efforts on exploration and development as a principal of and consultant to various junior mining companies. In the past, he was in the City of London where he worked in structuring financings and risk management at Macquarie Bank. In 2007 Mr. Macdonald graduated with an MBA (with Distinction) from Oxford. He completed his B.Sc. in Geology from UBC in 2000. Mr. Macdonald has a long history of mining exploration work in Yukon, including zinc projects, he sits on the Board of Directors of the Yukon Chamber of Mines, and originally hails from Ross River, near the Macmillan Pass Project site.

Mr. Rothwell (Chair) has worked in the mining industry for over 25 years with extensive experience in oversight and corporate governance roles. Mr. Rothwell is currently President, Chief Executive Officer and Director of Angold Resources Ltd. Previously he was the Director, Strategy at Goldcorp Inc., and acted as Chief Financial Officer for many companies listed on the TSXV. Mr. Rothwell is a Chartered Professional Accountant (CPA, CA) in British Columbia and a designated Chartered Accountant in Australia & New Zealand. He articled at PricewaterhouseCoopers LLP in Australia and Canada and holds a BA in Economics from Macquarie University.

George Gorzynski is co-founder of the company and a geological engineer with 35 years of experience in exploration and mining company management. He has strong technical, management and leadership skills, and was a key person in the building and managing of several successful international junior mining and exploration companies. His technical experience ranges from management of large exploration projects in challenging settings to geology field work in isolated locations to oversight of mining operations. Mr. Gorzynski has geological engineering degrees from the University of Toronto (Honours) and University of British Columbia and has worked on a number of zinc projects in British Columbia and Yukon.

Mr. Hemstead has over 25 years of finance experience and has a proven track record of providing strong financial leadership. He has extensive experience in financial management, corporate finance, project finance, treasury, commercial banking, marketing/sales, financial risk management, insurance, and tax planning. Mr. Hemstead is a Chartered Professional Accountant with an Honours Economics degree from the University of Western Ontario. He is the Chief Financial Officer of Bluestone Resources Inc., since 2017, where he is a key executive in financing and moving the Cerro Blanco gold project toward production. He previously held a senior financial executive role for 10 years with Capstone Mining Corp., leading the financial team through the successful expansion from a development stage mining company to an intermediate copper producer.

Mr. Chalk has over 25 years’ experience as a leading strategic and capital markets advisor in the global metals and mining industry. Prior to founding GenCap Mining Advisory in May 2020, he spent the past 14 years leading the Vancouver mining investment banking team at Scotiabank. Prior to that, he was at Macquarie North America (Toronto and Vancouver) and CIBC Wood Gundy (Toronto, Sydney and Vancouver). He holds an Honours Business Administration and a BA in Economics from the University of Western Ontario and is a CFA Charterholder.

Mr. Scott is a Professional Geologist with over eighteen years’ experience in mineral exploration and development, having worked with leading mining companies, junior exploration companies, and provincial and federal government surveys. Mr. Scott brings diverse experience in geology, studies, engineering, innovation, project management, and leadership in the advancement of projects from exploration through to acquisition and early development. For eight years Mr. Scott was the technical lead on Kaminak’s Coffee Project leading up to and following acquisition by Goldcorp Inc. for $520M. Previously, he had led the resource definition program for Richfield’s Blackwater Davidson project which led to its acquisition the following year by New Gold Inc. for $550M. Mr. Scott holds an M.Sc. from the University of Alberta and a B.Sc. from Carleton University.

Ms. O’Hara is a Registered Professional Biologist with a unique blend of professional experience plus academic training. She has extensive and proven experience in acquiring approvals for complex mining and transportation infrastructure projects and understands the complex environmental and regulatory landscape. In the Yukon in recent years, she has been involved in the preparation of the Goldcorp/Coffee Mine (Yukon) YESAB project proposal and completed mine closure assessments for Yukon Energy, Mines and Resources. From 2005 to 2012, she was VP Environment & Community Affairs for Yukon Zinc/Wolverine Mine (Yukon), overseeing the successful implementation of the socioeconomic participation agreement with Kaska First Nations and obtaining project approvals for mine construction and operation. Ms. O’Hara believes that authentic, mutually respectful connections among people, as well as working towards shared common goals, are essential to achieving a sustainable future.

Mr. Dessureau is a Professional Geologist with over 20 years of exploration and development experience in Canada, focusing on the Western Cordillera including Yukon and British Columbia along with other locations throughout North America including Nevada, Ontario and Quebec. He is the Owner/Principal Geologist of Solidus Geological Services and has been providing geological and project management services to the industry since 2007. Since joining the Fireweed Team in 2018, he has been focused on advancing the Macmillan Pass project through exploration towards development. Previously, Mr. Dessureau was instrumental in advancing the Wolverine polymetallic VMS deposit, located in the Yukon, through pre-feasibility and into commercial production beginning in 2010, and was involved with advancing Golden Predator’s Brewery Creek and 3 Aces deposits. Mr. Dessureau graduated with a Master’s degree from Laurentian University in Sudbury following a Bachelor’s degree in Geology from St. Mary’s University in Halifax. He is a Professional Geologist registered with Engineers and Geoscientists British Columbia (EGBC) and the Association of Professional Geologists of Ontario (APGO).

Ms. Chiang is a Chartered Professional Accountant with experience in both public practice and industry since she became a Chartered Accountant in 2009. During her time in public practice at KPMG, Cindy led audit engagement team. Ms. Chiang is a Chartered Professional Accountant (CPA) with experience in both public practice and industry since she became a Chartered Accountant in 2009. During her time in public practice at KPMG, Cindy led audit engagement teams domestically and abroad, and is knowledgeable of Canadian and US accounting standards as well as IFRS. In industry, Ms. Chiang dealt with financial accounting and internal controls matters.

Mr. Dare is a compliance professional with over 14 years of experience advising companies on internal / external reporting and during this time has built an extensive network within the areas of legal, banking, audit, insurance, and transfer agency. He has also assisted in raising upwards of $220M in equity capital for growth companies. Currently, Mr. Dare holds several Senior Officer positions with a number of TSX-V and CSE Listed Issuers.

Fireweed Metals CORP. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF, formerly known as Fireweed Zinc Ltd.) is pleased to announce the 2022 diamond drilling program has started at the Macmillan Pass zinc-lead-silver Project, Yukon, Canada.

Brandon Macdonald, CEO, stated, "We are finally drilling! After a delayed start-up mainly due to a late spring, drilling has begun. The first two of four drills are turning with the final drill arriving at site shortly. Even with the late start we anticipate drilling over 7,000 metres this summer to make it the largest drill program Fireweed has ever carried out at the Project."

The 2022 program includes four diamond drill-rigs, targeting over 7,000 m of drilling divided between four zones, a reduction from the expected 8,000 m initially announced due to the late start. The Boundary zones are open in every direction, and the 2022 program has been designed to test step-outs around the peripheries of Boundary and Boundary West, in addition to testing a potential connection between the two zones. The step-outs will include testing potential down-dip continuation of the recently discovered high-grade stratiform mineralization at Boundary West (see Fireweed news release dated March 10, 2022), and testing for additional massive sulphide mineralization in the near-surface. Three of the rigs will operate at Boundary and Boundary West where the majority of the drilling will occur.

The fourth rig will drill Tom West, Tom North, Jason, and Jason South subzones targeting select extensions and other parts of these four large zinc-lead-silver deposits. The holes at Tom West will focus on providing infill within high-grade zones where the current mineral resource is supported by small-diameter historic diamond drill holes with very poor recovery in the higher-grade portions of the holes. Fireweed sees potential to increase zinc, lead, and silver grades in these areas by drilling modern larger diameter holes, as demonstrated in previous Fireweed drill programs (see Fireweed news releases dated 10th October 2018; 13 th November, 2018; 20 th August 2019; 10 th September 2019). The drilling at Tom North will target a step-out of the near-surface mineralization that is potentially amenable to open-pit mining. The drilling at Jason and Jason South will target high-grade step-outs.

By the end of the 2022 campaign, Fireweed will have four seasons of additional drill data to inform new mineral resources for the Project, including an inaugural resource for the Boundary, Boundary West, End Zone, and Tom North zones, and an updated resource for Tom West, Tom East, Tom Southeast, Jason and Jason South subzones.

Technical information in this news release has been approved by Gilles Dessureau, P.Geo., M.Sc., V.P. Exploration and a ‘Qualified Person' as defined under Canadian National Instrument 43-101.

About Fireweed Metals Corp. (TSXV: FWZ; OTCQB: FWEDF; FSE:20F): Fireweed Metals is a public mineral exploration company on the leading edge of Critical Minerals project development. The Company has three projects located in northern Canada:

In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed (OTCQB: FWEDF) trades on the OTCQB Venture Market for early stage and developing U.S. and international companies and is DTC eligible for enhanced electronic clearing and settlement. The Company is current in its reporting and undergoes an annual verification and management certification process. Investors can find Real-Time quotes and market information for the Company on www.otcmarkets.com . In Europe, Fireweed (FSE: 20F) trades on the Frankfurt Stock Exchange.

Additional information about Fireweed and its projects can be found on the Company's website at www.FireweedMetals.com and at www.sedar.com .

ON BEHALF OF Fireweed Metals CORP.

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 may contain "forward-looking" statements and information relating to the Company and its projects that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company's operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

Map 1: A map of the Macmillan Pass Project showing the location of Tom, Jason, End and Boundary zones as well as the Mactung Project. https://www.globenewswire.com/NewsRoom/AttachmentNg/2b95fab5-9a72-4b78-a179-ed89ad3bbf72

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Fireweed Metals CORP. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF, formerly known as Fireweed Zinc Ltd.) is pleased to announce that a ground gravity survey has commenced at its recently acquired Gayna River project, Northwest Territories.

Brandon Macdonald, CEO, stated, "Back in 2020 when we made a new discovery at Boundary West on our flagship Macmillan Pass project, gravity was a key part of defining the drill target. We are building on the experience that we had in using this exploration tool by applying it to a new search space at our recently acquired Gayna River property where we see the potential to make a new discovery of high-grade massive sulphide mineralization. We are excited to start early-stage work at Gayna River, advancing it in parallel with our portfolio of Critical Minerals projects."

The ground gravity survey will comprise several grids targeting the areas of highest geological potential. The survey is underway and is being conducted by Aurora Geosciences. A relatively tight station spacing of 50 m is being used, as the search space has already been narrowed down by focusing on specific geological targets. The intent is to use ground gravity to directly detect subsurface density anomalies associated with potential massive sulphide bodies that may lie within approximately 100-200 m of surface.

A state-of-the-art LiDAR survey will be flown using a fixed wing aircraft this summer. The survey will gather data to generate a very high-resolution topographic surface that will be used to assist the gravity survey by allowing the calculation of a high-resolution terrain correction that is necessary for accurate interpretation of the data in areas of rugged relief as well as providing a base map for future exploration work.

Fireweed has been awarded a Mining Incentive Program (MIP) grant from the Government of the Northwest Territories to assist the exploration program. The grant is valued at up to $132,000, significantly reducing the cost of the exploration program for Fireweed.

Gayna River Geology and Mineralization

The Gayna River project is being explored for a potential Kipushi-style target: high-grade zinc-rich massive sulphides. The steep to vertical sides of Neoproterozoic carbonate reefs are being targeted for steeply dipping massive sulphide lenses that may have been missed by previous exploration efforts using vertical holes in historic drill programs. A focused geological mapping and modeling program will refine the search space for this geological environment using high-resolution aerial photographs taken as part of the LiDAR survey, a compilation of historical geological information in 3D, and boots-on-the-ground geological mapping and ground truthing. For more details on Gayna River Geology, see Fireweed News Release dated May 10 th 2022, and www.fireweedmetals.com .

Technical information in this news release has been approved by Jack Milton, P.Geo., Ph.D., Chief Geologist and a ‘Qualified Person' as defined under Canadian National Instrument 43-101.

In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed (OTCQB: FWEDF) trades on the OTCQB Venture Market for early stage and developing U.S. and international companies and is DTC eligible for enhanced electronic clearing and settlement. The Company is current in its reporting, and undergoes an annual verification and management certification process. Investors can find Real-Time quotes and market information for the Company on www.otcmarkets.com . In Europe, Fireweed (FSE: 20F) trades on the Frankfurt Stock Exchange.

Additional information about Fireweed and its projects can be found on the Company's website at www.fireweedmetals.com and at www.sedar.com .

ON BEHALF OF Fireweed Metals CORP.

Forward Looking Statements This news release may contain "forward-looking" statements and information relating to the Company and its projects that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company's operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.

Contact: Brandon Macdonald Phone: (604) 646-8361

Map 1: The Gayna River Project, Northwest Territories, Canada. is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f0b41644-4087-49db-8336-6bddf44c1faf

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FIREWEED ZINC LTD. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF) is pleased to announce as a follow-up to its news release dated June 21, 2022, the TSX Venture Exchange ("TSXV") has approved the change of name to " Fireweed Metals Corp. ". The Company will begin trading under its new name on Thursday, June 30, 2022. Fireweed will continue to trade under the same symbol ‘FWZ' on the TSX Venture Exchange and the number of shares outstanding will not change.

About Fireweed Metals Corp. (TSXV: FWZ; OTCQB: FWEDF; FSE:20F ): Fireweed Metals is a public mineral exploration company on the leading edge of Critical Minerals project development. The Company has three projects located in northern Canada:

In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed (OTCQB: FWEDF) trades on the OTCQB Venture Market for early stage and developing U.S. and international companies and is DTC eligible for enhanced electronic clearing and settlement. The Company is current in its reporting, and undergoes an annual verification and management certification process. Investors can find Real-Time quotes and market information for the Company on www.otcmarkets.com . In Europe, Fireweed (FSE: 20F) trades on the Frankfurt Stock Exchange.

Additional information about Fireweed and its projects can be found on the Company's website at www.FireweedMetals.com and at www.sedar.com .

ON BEHALF OF Fireweed Metals CORP.

Forward Looking Statements This news release may contain "forward-looking" statements and information relating to the Company and its projects that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company's operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

Contact: Brandon Macdonald Phone: (604) 646-8361

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Fireweed Zinc LTD. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF) is pleased to announce it is rebranding and transitioning with a name change to FIREWEED METALS CORP. Fireweed will now operate as and market itself as Fireweed Metals Corp., but formal adoption of the new name will occur when regulatory approvals are received. Fireweed will continue to trade under the same symbols on stock exchanges (TSXV: FWZ; OTCQB: FWEDF; FSE:20F) and the number of shares outstanding will not change.

The rebranding features a new redesigned website, www.FireweedMetals.com, which launches today. Readers are encouraged to explore the new website which features a new look and new content with enhanced visuals and videos.

Executive Statement Fireweed CEO Brandon Macdonald stated: "Fireweed has quickly grown into much more than a zinc company. The purpose of this rebranding and the new website is to reflect that we are now a leading critical minerals company. Our projects host major deposits of zinc and tungsten, each with unique supply dynamics and compelling demand growth. Our flagship Macmillan Pass Project is one of the largest undeveloped zinc projects in the world. Nearby, our recently acquired Mactung Project is one of the world's largest and highest grade tungsten deposits. To the north, we have also recently acquired the Gayna River zinc-gallium-germanium project. All our projects are in the safe jurisdiction of Canada. With both zinc and tungsten being designated as critical minerals by Canada, the US, and the EU, Fireweed is positioned to be a significant critical minerals player on the world stage and to help enable the transition to a sustainable low-carbon economy."

New Website In coordination with the rebranding, Fireweed is pleased to launch a new redesigned website, www.FireweedMetals.com. The new website features a new look and content, and will have new content released regularly. Fireweed's ambition is to have industry leading data transparency, and will be working towards that goal in the coming months. Readers are encouraged to explore the new website and learn more about Fireweed and its projects.

Name Change Detailed Information The name change to Fireweed Metals Corp. was approved by a special resolution at the recent Annual General and Special Meeting of the shareholders held on May 25, 2022 (see Fireweed news release dated June 10, 2022) as well as by the Board of Directors. To finalize the name change, regulatory approvals are needed including TSX Venture Exchange approval. After the name change, Fireweed will continue to trade under the same symbols on stock exchanges (TSXV: FWZ; OTCQB: FWEDF; FSE:20F) but under a new CUSIP number, and the number of shares outstanding will not change.

About Fireweed Metals Corp. (TSXV: FWZ; OTCQB: FWEDF; FSE:20F ): Fireweed Metals is a public mineral exploration company on the leading edge of Critical Minerals project development. The Company has three projects located in northern Canada:

In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed (OTCQB: FWEDF) trades on the OTCQB Venture Market for early stage and developing U.S. and international companies and is DTC eligible for enhanced electronic clearing and settlement. The Company is current in its reporting, and undergoes an annual verification and management certification process. Investors can find Real-Time quotes and market information for the Company on www.otcmarkets.com. In Europe, Fireweed (FSE: 20F) trades on the Frankfurt Stock Exchange.

Additional information about Fireweed and its projects can be found on the Company's website at www.FireweedMetals.com and at www.sedar.com .

ON BEHALF OF FIREWEED METALS CORP.

Forward Looking Statements This news release may contain "forward-looking" statements and information relating to the Company and its projects that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company's operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

Contact: Brandon Macdonald Phone: (604) 646-8361

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Fireweed Zinc LTD. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF) is pleased to announce that the first field crews have been mobilized to the Macmillan Pass Property, in Yukon, Canada to prepare for a large 2022 drill program. Significant improvements are being made to the camp to support the four-rig 2022 program. Diamond drilling, core scanning, and a muon tomography survey will begin in the coming weeks after the access road opens.

Gilles Dessureau, V.P. Exploration, stated, "We are very excited to start our 2022 season. It will be the largest and most ambitious program ever carried out by Fireweed at the Macmillan Pass Project. We are also excited to use innovative new technologies, such as muon tomography and hyperspectral imaging to guide exploration. The main objectives of the 2022 field program will be to define and expand the known mineralized zones toward an updated mineral resource study this winter followed by an updated preliminary economic study."

The 2022 drill program will consist of 4 diamond drill-rigs, targeting approximately 8,000 m of drilling divided between the zones. Boundary Zone is open in every direction, and the 2022 program has been designed to test step-outs around the peripheries of Boundary Main and Boundary West, in addition to testing a potential connection between the two zones. The step-outs will include testing potential down-dip continuation of the recently discovered high-grade stratiform mineralization at Boundary West (see Fireweed news release dated March 10, 2022), and testing for additional massive sulphide mineralization in the near-surface. Three of the rigs will remain at Boundary Zone where Fireweed anticipates drilling approximately 5,800 m.

The fourth rig will drill Tom West, Tom North, Jason Main, and Jason South, targeting approximately 2,300 m between these four large zinc-lead-silver deposits. The holes at Tom West will focus on providing infill within high-grade zones where the current mineral resource is supported by small-diameter historic diamond drill holes with very poor recovery in the higher-grade portions of the holes. Fireweed sees potential to increase zinc, lead, and silver grades in these areas by drilling large HQ diameter holes using triple-split tubes to improve recovery, as demonstrated in previous Fireweed drill programs (see Fireweed news releases dated October 10, 2018; November 13, 2018; August 20, 2019; September 10, 2019). The drilling at Tom North will target a step-out of the near-surface mineralization that is potentially amenable to open-pit mining. The drilling at Jason Main and Jason South will target high-grade step-outs

By the end of the 2022 campaign, Fireweed will have four seasons worth of new drill data that will be used to inform a new global mineral resource, including an inaugural resource for the Boundary Main, Boundary West, End Zone and Tom North zones, and an updated resource for Tom West, Tom East, Tom Southeast, Jason Main and Jason South zones. Fireweed will use the new resource to inform a new Preliminary Economic Assessment (PEA) for the project.

Fireweed contracted GeologicAI to scan all 2022 drill core as well as a significant portion of the core from Fireweed's past programs and some of the historic core from the previous operators. The scanning will include high resolution digital photography, LiDAR topography, shortwave, visible, and near infrared hyperspectral imagery, and X-ray fluorescence (XRF) scans. Fireweed anticipates using this information to inform geometallurgical models of the deposits that have potential to deliver value by optimizing the upcoming PEA.

Working with Ideon Technologies, Fireweed will deploy muon detectors in two drill holes at Boundary West. These detectors will be used to define the geometry of the known zinc mineralization at Boundary West and target additional mineralization in the area. Muon tomography is a down-hole geophysical technique that uses naturally occurring cosmic-ray muons to measure density contrasts and identify subsurface anomalies such as dense bodies of zinc mineralization.

Technical information in this news release has been approved by Gilles Dessureau, P.Geo., V.P. Exploration and a ‘Qualified Person' as defined under Canadian National Instrument 43-101.

About Fireweed Zinc Ltd. (TSXV: FWZ; OTCQB: FWEDF; FSE:20F ): Fireweed Zinc is a public mineral exploration company on the leading edge of Critical Minerals project development. The Company has three projects located in northern Canada:

In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed (OTCQB: FWEDF) trades on the OTCQB Venture Market for early stage and developing U.S. and international companies and is DTC eligible for enhanced electronic clearing and settlement. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the Company on www.otcmarkets.com . In Europe, Fireweed (FSE: 20F) trades on the Frankfurt Stock Exchange.

Additional information about Fireweed Zinc and its projects can be found on the Company's website at www.FireweedZinc.com and at www.sedar.com .

Additional information about Fireweed Zinc and its Macmillan Pass Zinc Project including maps and drill sections can be found on the Company's website at www.FireweedZinc.com and at www.sedar.com .

ON BEHALF OF Fireweed Zinc LTD.

This news release may contain "forward-looking" statements and information relating to the Company and its projects that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, pandemics, the ability to properly and efficiently staff the Company's operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

Contact information: Brandon Macdonald Phone: (604) 646-8361

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/539d5060-21e0-42ed-8654-ea0ade9fc87e

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World Copper Ltd. (TSXV: WCU) (OTCQX: WCUFF) (FSE: 7LY0) ("World Copper" or the "Company") reports that it has filed an amended National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") technical report for the Escalones copper project, located in Chile.

The NI 43-101 technical report is entitled "Amended Preliminary Economic Assessment NI 43-101 Technical Report, Escalones Copper Project, Santiago Metropolitan Region, Chile" (the "Technical Report")with an effective date of February 15, 2022 and a revised and amended date of August 9, 2022. The Technical Report was prepared pursuant to NI 43-101 by Global Resource Engineering, Ltd. and Hard Rock Consulting, LLC. The Technical Report is available on the Company's SEDAR profile at www.sedar.com and is available on the Company's website at worldcopperltd.com.

World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused on the exploration and development of its copper porphyry projects: Escalones and Cristal in Chile, and Zonia in Arizona. Two of these projects have estimated resources with significant soluble copper mineralization, and each has additional copper porphyry targets with exciting potential to expand the resource base.

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

On Behalf of the Board of Directors of

Nolan Peterson Chief Executive Officer

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

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

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

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

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

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the TSX Venture Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, currency fluctuations, title disputes or claims, environmental issues and liabilities, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company's business, financial condition and results of operations, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company's continuous disclosure documents. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/133594

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Mink Ventures Corporation (TSXV: MINK.P) ("Mink" or the "Company") is pleased to announce that, further to its news release of June 27, 2022, it has entered into a definitive option and joint venture agreement dated August 10, 2022 (the "Definitive Agreement") with Voltage Metals Corp. (CSE: VOLT) ("Voltage"). Pursuant to the Definitive Agreement, Mink has been granted an option to acquire (the "Transaction") an 80% interest in the Montcalm Ni-Cu-Co project (the "Montcalm Project"). The Montcalm Project covers 38.8 sq. km and is located adjacent to Glencore's past producing Montcalm Mine, which had historical production of approximately 3.9 million tonnes grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2011) The Montcalm project is located 60 km northwest of Timmins, Ontario and has excellent access and infrastructure. The Transaction is intended to be Mink's "Qualifying Transaction" for purposes of the TSX Venture Exchange's Capital Pool Company program.

Terms of the Definitive Agreement:

Pursuant to the Definitive Agreement, Mink may acquire an 80% undivided interest in the Montcalm project from Voltage by, among other things, making the following cash payments, share issuances and minimum work expenditures:

Mink may accelerate and carry forward any of the cash payments, share issuances or work expenditures. Upon full exercise of the option, Mink shall assume responsibility for payment of the aggregate 1.25% net smelter returns royalty to the extent of its relative ownership interest in the Montcalm project.

Completion of the Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance.

The Qualifying Transaction, if completed, is an Arm's Length Qualifying Transaction. No Shareholder approval is required to complete the Qualifying Transaction.

Mink proposes to complete a private placement raising not less than $1,000,000 (the "Private Placement") to fund the phase one work program on the Montcalm project and general and administrative operating expenses. The Company intends to issue a further press release announcing the terms of the Private Placement.

Highlights of the Montcalm Project:

Future Exploration Plans which are subject to the completion and recommendations of an NI 43-101 report, which is currently underway, include:

Figure 1. Property Location To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8332/133557_4434f8b9641b98c1_001full.jpg

Figure 2 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8332/133557_4434f8b9641b98c1_002full.jpg

Mr. Kevin Filo, P.Geo. (Ontario), Corporate Secretary and a director of the Company, is a qualified person within the meaning of National Instrument 43-101. Mr. Filo approved the technical data disclosed in this release.

About Mink Ventures Corporation: Mink Ventures Corporation is a Capital Pool Company that is focused on identifying and evaluating businesses and assets with a view to completing a Qualifying Transaction. The Company has 8,367,500 shares outstanding.

About Voltage Metals Corp: Voltage is a mineral exploration company with a highly experienced team focused on nickel and other battery metals exploration in the Canadian provinces of Ontario and Newfoundland. The Company looks to create shareholder value by aggregating and exploring projects that possess sound geology and brand-new discovery potential. Voltage has a deep roster of management and key stakeholders, who are expert in the essential resource trifecta of exploration, operations and finance.

For further information about Mink Ventures Corporation please visit www.minkventures.com or contact Natasha Dixon, President & CEO, T: 250-882-5620 E ndixon@minkventures.com.

Forward-Looking Statements This press release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the future business and operations of Mink. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, general business, economic, competitive, political and social uncertainties; and the delay or failure to receive applicable Board or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. These forward-looking statements are made as of the date hereof and Mink disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/133557

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Terms of the Definitive Agreement:

Completion of the Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance.

The Qualifying Transaction, if completed, is an Arm's Length Qualifying Transaction. No Shareholder approval is required to complete the Qualifying Transaction.

Highlights of the Montcalm Project:

Future Exploration Plans which are subject to the completion and recommendations of an NI 43-101 report, which is currently underway, include:

Figure 1. Property Location To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8332/133557_4434f8b9641b98c1_001full.jpg

Figure 2 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8332/133557_4434f8b9641b98c1_002full.jpg

For further information about Mink Ventures Corporation please visit www.minkventures.com or contact Natasha Dixon, President & CEO, T: 250-882-5620 E ndixon@minkventures.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/133557

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Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) ("Pan Global" or the "Company") is pleased to announce effective August 16, 2022 the appointment of Andrew "Andy" Marshall as Chief Financial Officer ('CFO"), replacing Christina Cepeliauskas who will remain as a consultant with the Company in a transitional capacity for a period.

Mr. Marshall is a Chartered Accountant and Chartered Financial Analyst with more than 11 years of finance and CFO experience in the mining sector. He has an extensive background in financial and risk management; corporate reporting, ESG management; M&A transactions and working with international jurisdictions. Most recently, he served as Chief Financial Officer at First Mining Gold Corp. and assisted in building the company's gold project portfolio during its initial period of growth in 2015 when it acquired eight companies in just over one year. Prior to this, Andy held finance roles at two Vancouver based TSX/NYSE MKT-listed silver mining companies with operations in Mexico and Canada. Mr. Marshall started his career with PricewaterhouseCoopers LLP in London and moved to Vancouver in 2008.

Tim Moody, Pan Global President and CEO, states: "We are very pleased to welcome Andy to our growing senior management team. His background in finance, mining and project development will be a great fit as we continue expanding the La Romana copper discovery and explore new targets at the Escacena project in southern Spain. On behalf of the Board of Pan Global, I thank Christina for the excellent support and professionalism she has provided as CFO on a part-time basis over a number of years. We are very pleased that Christina has agreed to continue supporting Pan Global during a transition period."

"I am very excited to join the team at Pan Global and support the next stage of corporate growth. The work and results to date are impressive and we are entering a pivotal period for the advancement of the Escacena project which is in an excellent jurisdiction for development; and all this at a time when the macro outlook for copper and tin has never looked better," stated Andy Marshall.

Mr. Marshall has been granted 750,000 stock options and 200,000 restricted share units ("RSU's") of the Company. The stock options and RSU's were granted pursuant to the Company's Omnibus Equity Incentive Compensation Plan. Each stock option entitles the holder to purchase one common share of the Company at a price of $0.47 per common share for a period of five years from the date of grant. The RSU's will vest over 18 months from the effective date of Mr. Marshall's appointment, with 2/3 (133,333) vesting 12 months after the effective date and the balance (66,667) vesting 18 months after the effective date.

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

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

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

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

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

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

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

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/133419

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Nova Royalty Corp. (" Nova " or the " Company ") has reported its financial results for the quarter ended June 30, 2022 . Nova's financial statements and management's discussion and analysis for the three and six months ended June 30, 2022 are available on Nova's website at www.novaroyalty.com and on SEDAR at www.sedar.com .

Alex Tsukernik , President & CEO of Nova, commented, "During the second quarter of 2022 we further solidified our foundational portfolio of royalties on the next generation of major copper projects being actively advanced by industry-leading operators. In May 2022 , we acquired the rights to a royalty on Lundin Mining's Josemaria copper-gold-silver project, which is one of the most advanced large-scale copper development projects in the Americas."

Mr. Tsukernik continued, "Looking at the Nova portfolio, we are pleased by the continued forward progress of our royalty assets during the quarter. In addition to continued strength at the producing Aranzazu mine, many of our key royalty assets – including Taca Taca, Copper World, Josemaria, and Vizcachitas – were actively advanced along their respective paths to production. Nova's concentration of royalties on this group of the most advanced major copper assets in the Americas positions it very well for the future."

Mr. Tsukernik concluded, "We enter the second half of the fiscal year on solid financial footing, and well-positioned to capitalize on further opportunities in the copper royalty space. We look forward to updating the market at the appropriate time."

Nova recognized $0.5 million in revenue during the second quarter of 2022, compared to $Nil in the comparative quarter a year ago. The increase in revenue was due to the Aranzazu Royalty. For Q2 2022, the Company recorded a net loss of $2 .0 million ( $0.02 per share), compared to a net loss of $1.4 million ($0.02) per share in the prior year period. The loss was largely attributable to higher general and administrative (" G&A ") expenses relating to ongoing royalty acquisition initiatives and personnel recruitment costs, share-based payments, and interest expenses, which was partially offset by higher revenue (net of depletion). Excluding share-based payments, G&A during the period was approximately $1.0 million, compared to $0.7 million in the comparative period.

First Quantum continued pre-development and feasibility activities at Taca Taca during Q2 2022. During the second quarter of 2021, First Quantum submitted two environmental permits regarding key infrastructure at Taca Taca. The primary Environmental and Social Impact Assessment (" ESIA ") for Taca Taca was submitted to the Secretariat of Mining of Salta Province in 2019 and approval of the ESIA is anticipated in late 2022. First Quantum expects to continue permitting work at Taca Taca throughout 2022, in addition to engaging with government regarding key aspects of an administrative and fiscal regime for investment into Argentina (1) .

As of June 30, 2022 , First Quantum last reported proven & probable mineral reserves at Taca Taca of 1,758.5 million tonnes at 0.44% Copper, 0.09 g/t gold, and 0.012% molybdenum (2) .

Aura Minerals disclosed that Aranzazu sold 11.7 Mlbs copper equivalent (" CuEq ") at cash costs of US$1.61 /lb CuEq during Q2 2022. Sales and production at Aranzazu were in line with Aura's expectations. CuEq sales were 17% higher than in Q2 2021, but 17% below Q1 2022. Lower quarterly sales in Q2 2022 were primarily a result of lower grades, consistent with the Aranzazu mine plan and sequencing aimed to develop the mine to access higher grade areas for production later in 2022 (3) .

Aura Minerals also revised its production guidance for Aranzazu, moving from 108,000 – 120,000 gold equivalent ounces to 115,000 – 120,000 gold equivalent ounces. On a gold equivalent basis, Aura reported Q1 2022 production of 30,393 oz and Q2 2022 production of 26,352 oz (3) .

As of June 30, 2022 , Aura last reported proven and probable mineral reserves at Aranzazu of 6.4 million tonnes at 1.38% copper, 0.97 g/t gold and 18.82 g/t silver (4) .

Hudbay released the results of the Copper World Complex preliminary economic assessment (" PEA ") during Q2 2022, which includes the recently discovered Copper World deposits along with the Rosemont deposit. The PEA contemplates a two-phase mine plan that has an after-tax net present value (10%) of US$1,296 million and generates an 18% internal rate of return at $3.50 per pound copper. Hudbay also reported a significant increase in copper contained in all mineral resource categories, as compared to the mineral resources included in the 2017 feasibility study published by Hudbay for the Rosemont project.

Hudbay reported that phase I reflects a stand-alone operation on private land and patented mining claims over a 16-year mine life with average annual copper production of approximately 86,000 tonnes from mined resources at cash costs and sustaining cash costs of US$1.15 and US$1.44 per pound of copper, respectively. Phase II expands mining activities onto federal land and extends the mine life to 44 years with average annual copper production of approximately 101,000 tonnes from mined resources at cash costs and sustaining cash costs of US$1.11 and US$1.42 per pound of copper, respectively (5) .

Subsequent to quarter end, in July 2022 Hudbay announced that it received approval from the Arizona State Mine Inspector for its amended Mined Land Reclamation Plan for the Copper World Complex. Hudbay expects to submit applications for the other key State and local permits for Phase I of the Copper World Complex in the second half of 2022.

Hudbay also announced that it would be advancing a pre-feasibility study (" PFS ") for Phase I of the Copper World Complex, which will focus on converting the remaining inferred mineral resources to measured and indicated and evaluating many of the project optimization and upside opportunities (5) .

In April 2022 , Lundin Mining acquired Josemaria through its acquisition of Josemaria Resources. On April 11, 2022 , the mining authority of San Juan, Argentina approved the Environmental Social Impact Assessment for Josemaria. Lundin Mining reported that it is currently advancing commercial agreements and additional sectoral permits with national and provincial authorities in Argentina , which it expects to complete in 2022 ahead of a construction decision.

Lundin Mining also reported that it is completing basic engineering, which is approximately 23% complete, and study work for an updated technical report, which will include updated cost estimates and evaluation of potential scope changes compared to plans envisaged in a feasibility study completed by Josemaria Resources in November 2020 .

Lundin Mining has stated that it expects to publish an updated technical report in Q4 2022 and intends to spend up to $300 million to advance development of Josemaria. As part of the technical report update, Lundin Mining reported that it plans to complete a new Mineral Resource and Mineral Reserve estimate, which will incorporate approximately 31,200 metres of drilling that have been completed at Josemaria since the 2020 feasibility study (6) .

As of June 30, 2022 , Lundin Mining last reported proven and probable mineral reserves at Josemaria of 1,012 million tonnes at 0.30% copper, 0.22 g/t gold, and 0.94 g/t silver (7) .

In March 2022 , Los Andes Copper (" LAC ") announced a plan to temporarily suspend drilling at Vizcachitas in response to a Second Environmental Court decree granting a preliminary injunction on LAC's drilling activities (8) . In July 2022 , the Second Environmental Court revised the preliminary injunction issued in March, allowing drilling activities to continue at Vizcachitas. LAC previously announced that, prior to the Second Environmental Court injunction in March 2022 , sufficient drilling had been completed in order to provide an updated resource estimation and complete a PFS in Q4 2022 (9) . The Second Environmental Court's revised decision in June 2022 will allow LAC to pursue its original plan of further delineating extensions of the mineralized body at Vizcachitas concurrently with activities related to the PFS. LAC announced that it continues to target completion of a PFS in Q4 2022 (10) .

Second quarter 2022 conference call and webcast:

Nova will hold a conference call and webcast with management for investors and analysts on August 11, 2022 at 12:00 pm ET . Analysts and investors are invited to participate using the following dial-in numbers or webcast link:

Participant Number (Local): 416-764-8609 Participant Number (Toll-Free): 888-390-0605 Conference ID: 03117806 Audience URL: https://app.webinar.net/W64Yj3XLgqa

A replay of the conference call will be available until 11:59 pm (ET) August 25, 2022 , and can be accessed using the following dial-in numbers.

Encore (Local): 416-764-8677 Encore (Toll-Free): 1-888-390-0541 Encore ID: 117806#

Nova Royalty Corp. is a copper-focused royalty company. Nova has assembled a portfolio of royalties on a significant proportion of the next generation of major copper projects located in 1st-tier jurisdictions, providing investors exposure to some of the most critical resource assets for the clean energy transition. These projects are being advanced by the world's premier mining companies, which include First Quantum, Lundin, Hudbay, Anglo American and Glencore, among others. The Company is headquartered in Vancouver, British Columbia and is listed on the TSX Venture Exchange under the trading symbol "NOVR" and on the US OTCQB under the trading symbol "NOVRF".

ON BEHALF OF Nova Royalty CORP.,

(signed) "Alex Tsukernik" President and Chief Executive Officer

Refer to First Quantum Minerals 2021 Annual Report, Capital Markets Day Presentation dated January 2022, and Capital Markets Day Call Transcript, dated Tuesday, January 18, 2022.

Refer to First Quantum Minerals' NI 43-101 Technical Report Titled "Taca Taca Project, Salta, Argentina" prepared by David Gray (QP) BSc(Geology), MAusIMM, FAIG), Group Mine and Resource Geologist, FQM (Australia) Ltd, filed November 30, 2020.

Refer to Aura Minerals' Management's Discussion and Analysis for the three and six months ended June 30, 2022.

Refer to Aura Minerals' NI 43-101 Technical Report Titled "Feasibility Study of the Re-Opening of the Aranzazu Mine, Zacatecas, Mexico" prepared by F. Ghazanfari, P.Geo. (Farshid Ghazanfari Consulting), filed January 31, 2018.

Refer to Hudbay's Management's Discussion and Analysis for the three and six months ended June 30, 2022.

Refer to Lundin Mining's Management's Discussion and Analysis for the three and six months ended June 30, 2022.

Refer to Lundin Mining's NI 43-101 Technical Report Titled "Josemaria Technical Report" prepared by Mr. Robert McCarthy, P.Eng, filed September 28, 2020.

Refer to the press release titled "Los Andes Copper Announces Plan to Temporarily Suspend Drilling" published by Los Andes Copper Ltd. on March 21, 2022.

Refer to the press release titled "Los Andes Copper Corporate Update" published by Los Andes Copper Ltd. on March 29, 2022.

Refer to the press release titled "Los Andes Copper Announces Decision by the Environmental Court Reinstating Drilling Permit" published by Los Andes Copper Ltd. on July 21, 2022.

Nova has limited, if any, access to the properties on which Nova holds a royalty, stream or other interest. ‎Nova is ‎dependent on (i) the operators of the mines or properties and their qualified persons to provide ‎technical or other information ‎to Nova, or (ii) publicly available information to prepare disclosure pertaining ‎to properties and operations on the mines or ‎properties on which Nova holds a royalty, stream or other interest, and generally has limited or no ability to independently ‎verify such information. Although Nova does ‎not have any knowledge that such information may not be accurate, there ‎can be no assurance that such ‎third-party information is complete or accurate. Some information publicly reported by ‎operators may relate ‎to a larger property than the area covered by Nova's royalty, stream or other interests. Nova's royalty, ‎‎stream or other interests can cover less than 100% and sometimes only a portion of the publicly reported ‎mineral reserves, ‎resources and production of a property.‎

Unless otherwise indicated, the technical and scientific disclosure contained or referenced in this press re-‎lease, ‎including any ‎‎references to mineral resources or mineral reserves, was prepared in accordance with ‎Canadian ‎National Instrument 43-101 ‎‎‎(" NI 43-101 "), which differs significantly from the requirements of the ‎U.S. Securities and ‎Exchange Commission (the " SEC ") ‎‎applicable to U.S. domestic issuers. Accordingly, ‎the scientific and technical ‎information contained or referenced in this press ‎‎release may not be comparable ‎to similar information made ‎public by U.S. companies subject to the reporting and ‎‎disclosure requirements ‎of the SEC.‎‎

‎"Inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty ‎as to ‎their ‎‎economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral ‎resource will ‎ever be ‎‎upgraded to a higher category. Historical results or feasibility models presented herein ‎are not guarantees ‎or expectations of ‎‎future performance.‎

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information include, but are not limited to, the existence of future business opportunities; the continuation of permitting work at Taca Taca throughout 2022; the development of the Aranzazu mine to access higher grade areas for productions later in 2022; Hudbay advancing a pre-feasibility study for Phase I of the Copper World Complex; Lundin Mining publishing an updated technical report on Josemaria, future gold, silver, and copper prices; other potential developments relating to, or achievements by the counterparties for Nova's stream and royalty agreements, and with respect to mines or other properties Nova has, or may acquire, a stream or royalty interest; estimates of future productions, costs and other financial or economic measures; and future expectations regarding royalties and streams of Nova.

Such forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Nova to control or predict, that may cause Nova's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, risks associated with the impact of general business and economic conditions; the absence of control over mining operations from which Nova will purchase precious metals or from which it will receive stream or royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine development, construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans are refined; problems related to the ability to market precious metals or other metals; industry conditions, including commodity price fluctuations, interest and exchange rate fluctuations; interpretation by government entities of tax laws or the implementation of new tax laws; regulatory, political or economic developments in any of the countries where properties in which Nova holds a royalty, stream or other interest are located or through which they are held; risks related to the operators of the properties in which Nova holds a royalty or stream or other interest, including changes in the ownership and control of such operators; risks related to global pandemics, including the novel coronavirus (COVID19) global health pandemic, and the spread of other viruses or pathogens; influence of macroeconomic developments; business opportunities that become available to, or are pursued by Nova; reduced access to debt and equity capital; litigation; title, permit or license disputes related to interests on any of the properties in which Nova holds a royalty, stream or other interest; the volatility of the stock market; competition; future sales or issuances of debt or equity securities; use of proceeds; dividend policy and future payment of dividends; liquidity; market for securities; enforcement of civil judgments; and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated April 29, 2022 and other filings available for review on the Company's profile at www.sedar.com . Such forward-looking information represents management's best judgment based on information currently available. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2022/10/c7522.html

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Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL)(FSE:XZ7) announces additional results of 2021 surface field work on its Muskwa Copper Project. See Figure 1 below

Figure 1 - General Property Location

The Muskwa Project is comprised of the Neil Property, the Toro Property and the Bronson Property located in northern British Columbia. See Figure 2 below.

Peter Hawley, President, CEO reports; " The Bronson property comprises 4 mineral tenures covering approximately 2,524.6 hectares and to date we have reported on the Book 6 UAV drone mission and related surface sampling, geophysical survey, property wide structural survey and ASTER compilation. In addition, we have reported on the Book 9 and 10 which may be the southern extent of the Book 6, the sampling on the 428 central ,the 428 South, which again maybe the same mineralized unit and now the PJ 100 and PJ 105 copper occurrences. See Figure 3 below."

Figure 3 - Bronson Property, PJ 100, PJ 105 Locations

On September 3, 2021, the area containing the PJ 105 Occurrence was prospected and a total of 7 samples were collected. On anorth facing slope at elevations of 1,656 & 1,668 meters across the valley, ~600 meters south of the exposure of the 428 South Vein, 2veins were sampled (D-723529-532).

Grab sample D-723529, of the 120-degree striking & 0.6-meter-wide western vein, contained abundant malachite and assayed 0.35%Cu. Eighty meters to the east, a flatly dipping (40 degrees to the west), a 1.5 meter wide, vein strikes 140 degrees in shearedsediments.

Chip sample D-723531, across the 1.5 meters of vein, contained a Cu content of 0.03%. A higher-grade grab sample (D-723532) ofthe vein contained 3% chalcopyrite and assayed 0.67% Cu. Sheared sediments, west of the vein, were also sampled (grab sample D-723530). The sediments contained 5% pyrite and had a low Cu content of 0.03%. See Photo1, Table 1 below.

Photo 1 - Bronson Property, PJ 105 Copper Occurrence

Downslope to the north, the area south of the creek flowing east through the valley was prospected. Three 3 examples mineralized float (up to 50% chalcopyrite and 8% bornite) were collected at elevations of 1,558-1,616 meters. Samples D723526-528 assayed 22.9, 9.34 and 2.42% Cu.

Table 1 - Bronson Property PJ 105 Copper Occurrence Samples

Three veins representing part of the PJ 100 were observed outcropping on a ridge at elevations 1,910-1,939 meters. The exposures lie near the intersection of 2 steep slopes that trend south-southeast and east. From the helicopter landing point, 2 of the veins were sampled.

Chip sample D-723524, assaying 4.6% Cu across 0.3 meters and was collected from a 020 degrees striking and sub-vertically dipping vein mineralized with 5-7% chalcopyrite. See Photo 2, Table 2 below.

Photo 2 - Bronson Property, PJ 100 Copper Occurrence

On the steep south-southeast trending slope, about 30 m. to the east, a vein mineralized with 6% chalcopyrite was sampled. This grab sample, D723525, contained a Cu assay of 2.95%.

Also, a flat lying (45-degree dip), 115-degree striking vein was discovered ~ 200 meters to the south, at an elevation of 1,777 meters. The vein was not mineralized and grab sample D723168 collected there, assayed low in Cu (0.02%).

Table 2 - Bronson Property PJ 100 Copper Occurrence Samples

All samples taken were photographic and a GPS location taken, plus a metal sample tag left in place for future reference if required. All this data plus the assay results were geotagged and placed in a .kml /.kmz file for use such as google earth for easy reference. See Photo 3 below.

Photo 3 - Bronson Property, PJ 100, 105 Geotagged data

Analytical results of sampling reported by Fabled Copper Corp represent rock samples submitted by Fabled Copper Corp staff directly to ALS Chemex, Vancouver, British Columbia Canada. Samples were crushed, split, and pulverized as per ALS Chemex method PREP-31, then analyzed for ME-ICP61 33 element package by four acid digestion with ICP-AES Finish. ME-GRA21 method for Au and Ag by fire assay and gravimetric finish, 30g nominal sample weight.

For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:

Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample.

Ag-GRA21 Ag by fire assay and gravimetric finish.

Fabled Copper Corp. monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.

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

Mr. Peter J. Hawley, President and C.E.O. Fabled Copper Corp. Phone: (819) 316-0919 peter@fabledcopper.org

For further information please contact:

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

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

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

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

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