Mr. Joseph Kizis Jr. reports

EQUITY METALS INITIATES DRILLING ON THE ARLINGTON GOLD PROPERTY, BRITISH COLUMBIA

Drilling has commenced on Equity Metals Corp.'s Arlington property in Southern British Columbia.

Up to 3,000 metres of drilling will target three separate clusters of strongly anomalous gold-silver-arsenic-in-soil (Au-Ag-As) anomalies in the southern Fresh Pots area that have been enhanced by geophysical features identified in a recently completed DCIP (direct current induced polarization) geophysical survey. Additional surface sampling and mapping toward further drill target definition are also planned for the northern Fresh Pots area, the Rona areea and other target areas on the property, and will include initial targeting on several new claims that were staked earlier this year. Work will continue through the month of June and into the early part of July.

The drilling is part of a fully financed 2025 exploration program initiated in January, 2025, consisting of now-completed property-wide airborne magnetic and radiometric geophysics surveys, a lidar (light detection and ranging) survey and a DCIP geophysical survey over specific target areas, including the Fresh Pots gold-silver-arsenic-in-soil anomalies. The Fresh Pots target itself is a broad 800-metre-by-2,000-metre gold-in-soil anomaly that extends in a north-northeast direction through the centre of the property and is on trend with the Rona showing. To date, 2,271 soil samples have been collected over the Fresh Pots and Rona targets, with 75 samples returning more than 100 parts per billion (ppb) Au and eight samples returning more than one part per million (ppm) Au (one gram per tonne (g/t) Au).

The Fresh Pots soil anomaly is further characterized by a prominent magnetic low and an elevated K/Th (potassium/thorium) radiometric signature identified in an airborne magnetic/radiometric survey flown over the entire 5,387-hectare Arlington property in January, 2025.

The company's vice-president of exploration, Rob Macdonald, commented: "Drill target selection for this initial 2025 exploration program is the culmination of several generations of surface sampling, augmented by new airborne and ground geophysical data. Three specific gold-in-soil sample clusters have been selected for testing in this first round of drilling on this new and exciting early-stage exploration project, with tremendous discovery potential. Targets continue to be developed as new data is acquired and compiled into the growing database, which will form the basis for further exploration and drilling on the Arlington project in 2025."

About Equity Metals Corp.

Equity Metals is a member of the Malaspina-Manex Group. The company owns a 100-per-cent interest, with no underlying royalty, in the Silver Queen project, located along the Skeena arch in the Omineca mining division, British Columbia. The property hosts high-grade, precious and base metal veins related to a buried porphyry system, which has been only partially delineated. A significant resource has been developed on four of the high-grade veins, with an aggressive expansion drilling program planned during 2025. Deeper porphyry-copper mineralization has been intersected but has been only partially delineated. See news release dated Jan. 16, 2022, for a summary of the resource, with the full National Instrument 43-101 technical report available on the company's profile on SEDAR+ or Equity's website.

The company also has a controlling joint venture (JV) interest (57.49 per cent) in the Monument diamond project, Northwest Territories, strategically located in the Lac De Gras district within 40 kilometres of both the Ekati and Diavik diamond mines. As well, the company has an option to acquire a 100-per-cent interest in the Arlington property, located within the Boundary district of south-central British Columbia.

Robert Macdonald, MSc, PGeo, is the vice-president of exploration of Equity Metals and a qualified person as defined by National Instrument 43-101. He is responsible for the supervision of the exploration on the Arlington and Silver Queen projects, and for the preparation of the technical information in this disclosure.

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