Aston Bay Holdings Ltd. announced two more Exceptional Discoveries at the Storm Copper Project, Canada Diamond drill hole ST23-03 has discovered a new near-surface zone of mineralization and a deeper sediment hosted copper system in an underexplored area of the Storm Project ST23-03 intersected two zones of visual copper sulfide mineralization: 76m of visual heavily mineralized breccia to massive copper sulfide (chalcocite, bornite and chalcopyrite) between 32m and 108m downhole. 2m of visual breccia and dense vein style copper sulfide (chalcOCite, bornite and Chalcopyrite) between 273m and 275m downhole. The program, still underway, is being conducted by American West Metals Limited ("American West"), who are the project operator since entering an option agreement with Aston Bay in March 2021.

Diamond drill hole ST23-02 has been completed in a largely untested area at the Storm Project and has intersected two main zones of visual copper sulfide Mineralization. The drill hole is the third hole to be completed in the current drill program and was designed to test a high-priority, near-surface MLEM conductor, as well as a gravity anomaly proximal to the Southern Graben Fault at depth. Both targets were successfully tested resulting in the discovery of two new zones of visual sulfide copper mineralization: a 76m intersection in the near surface corresponding to the MLEM conductor, and a deeper 2m intercept within the gravity anomaly.

The drill hole highlights the outstanding exploration and expansion potential of both the near-surface, potentially open-pit accessible mineralization, and the deeper, large-scale sedimentary copper system. Despite being relatively narrow (approximately 2m), the presence of strong chalcocite, the mineral common in the core of these sediment hosted systems, is highly encouraging. Significantly, ST23-03 is the first deep drill hole to be drilled to the south of the Southern Graben Fault and is located over 1.7km from the other deeper drill holes.

This discovery confirms the prospectivity of the area to the south of the main graben where multiple large gravity anomalies remain untested by drilling. Further diamond drilling is planned to test these features. Hole ID, Prospect, Easting, Northing, Depth (m), Azimuth, Inclination, ST23-01, 4100N, 464805, 8174335, 416, 180, -75, ST23-02, EXPL., 464255, 8174741, 602, 180, -70, ST23-03, EXPL., 465267, 8172805, 396, 320, -65.

Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. The drill hole was designed to test a near-surface MLEM conduct approximately 1km to the west of the high-grade copper 2750N Zone, and the edge of a moderately dense gravity anomaly close to the Southern Graben Fault. The massive sulfides are dominantly chalcocite, with bornite and chalcopynite, and represent a significant new discovery of near-surface copper mineralization.

Aston Bay is carried for all expenditures to the completion of a feasibility study and production decision. Results from the programs are in process and are released as they come available. A summer 2023 program plans further delineation drilling of the near-surface high-grade copper zones to advance them toward maiden resource reported by late 2023.

Diamond drilling is planned to test new high-priority gravity targets and environmental baseline studies will be initiated. The strategy is focused on developing mines that have a low-footprint and support the global energy transformation. Statements made in this news release, including those regarding the Option Agreement, including those regarding the Option agreement, grant of the Option and the expected closing date, American West's interest in the Storm Project and its other acquisitions and its other acquisitions and its Other acquisitions and its other acquisitions and plans, plans, plans, plans, plan, plans, plans, plans for the upcoming field season, plans for the upcoming field year, plans for the upcoming field region, plans for the upcoming fieldseason, plans for the upcoming field Season, and the upcoming field season, and the field season, and support the future.