Mr. Jonathon Deluce reports

ABITIBI METALS OUTLINES 8.7 KILOMETRES OF HIGH-PRIORITY DRILL TARGETS FROM VTEM SURVEY AT B26 PROJECT

Abitibi Metals Corp. has released the results of a recently completed versatile time-domain electromagnetic (VTEM) airborne geophysical survey over the B26 polymetallic project, located in the prolific Abitibi greenstone belt of Quebec. The company currently owns 50 per cent of the B26 deposit and retains the option to earn an additional 30 per cent from Soquem Inc., a subsidiary of Investissement Quebec (see news release dated Nov. 16, 2023).

The survey successfully delineated 8.7 kilometres of high-priority conductive horizon targets, several of which are located along strike and at depth from the known B26 deposit, which hosts a current resource of 11.3 million tonnes at 2.13 per cent copper equivalent (indicated) (1.23 per cent copper, 1.27 per cent zinc, 0.46 gram per tonne gold and 31.9 grams per tonne silver) and 7.2 million tonnes at 2.21 per cent copper equivalent (inferred) (1.56 per cent copper, 0.17 per cent zinc, 0.87 gram per tonne gold and 7.4 grams per tonne silver).

"The VTEM results confirm what we were hoping for, showing several areas with strong potential for new discoveries," said Jonathon Deluce, chief executive officer of Abitibi Metals. "These results build a solid pipeline of new drill targets to support our ongoing infill and stepout drilling at B26. They also strengthen our ability to define and prioritize regional targets, which make up one of the key pillars of our phase 3 drill program."

The VTEM survey has been successfully completed over the B26 project, with all data processed and validated by Geotech Ltd.

The copper stringer zone at B26 displays a well-defined conductive response, while the main zinc-rich orebody remains non-conductive. Despite this, a potential 1.3-kilometre western extension of the main deposit has been identified. This zone is characterized by a low magnetic signature and is supported by early-stage indications of zinc and silver mineralization.

Two new high-priority targets have been delineated along the Enjalran-Brouillan contact, exhibiting geophysical and geological characteristics similar to the B26 deposit. These targets represent an additional 3.4 kilometres of prospective strike length for follow-up exploration. These include:

• Comparable VTEM conductive and magnetic responses;
• A favourable geological context marked by the presence of felsic volcanic (rhyolite) units;
• Historical drill intercepts containing chalcopyrite (the primary copper-bearing mineral at B26) as well as sphalerite and silver.

Two discrete conductive anomalies have been identified along the corridor between the B26 deposit and the past-producing Selbaie mine. Based on Geotech's interpretation, these anomalies are consistent with a favourable VMS (volcanogenic massive sulphide) environment. To refine these targets, advanced geophysical inversion and Maxwell modelling are recommended to better constrain geometry, depth and drill targeting. These anomalies collectively outline an additional four kilometres of mineralized trend for systematic exploration.

Next steps

The company is planning property-wide program of 2,000-to-4,000-metre follow-up drill program, expected to commence where accessible during the phase 3 program with the remaining in the winter of 2026, focusing on high-priority targets defined by the VTEM data and compilation of historical results from geophysical surveys and drilling.

Integration of VTEM results with existing geophysical and geological data sets will further refine exploration models across the property.

Qualified person

The scientific and technical content of this news release has been reviewed and approved by Louis Gariepy, PEng (OIQ No. 107538), vice-president, exploration, of Abitibi Metals, who is a qualified person within the meaning of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Abitibi Metals Corp.

Abitibi Metals is a Quebec-focused mineral acquisition and exploration company focused on the development of quality base and precious metal properties that are drill ready with high upside and expansion potential. Abitibi's portfolio of strategic properties provides target-rich diversification and includes the option to earn 80 per cent of the high-grade B26 polymetallic deposit, which hosts a resource estimate of 11.3 million tonnes at 2.13 per cent copper equivalent (indicated) (1.23 per cent copper, 1.27 per cent zinc, 0.46 gram per tonne gold and 31.9 grams per tonne silver) and 7.2 million tonnes at 2.21 per cent copper equivalent (inferred) (1.56 per cent copper, 0.17 per cent zinc, 0.87 gram per tonne gold and 7.4 grams per tonne silver), and the Beschefer gold project, where historical drilling has identified four historical intercepts with a metal factor of over 100 grams per tonne gold highlighted by 55.63 grams per tonne gold over 5.57 metres (BE13-038) and 13.07 grams per tonne gold over 8.75 metres (BE12-014) amongst four modelled zones.

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