C3 Metals Inc. announced the intersection of strong porphyry copper-gold mineralization in the first two holes of its recently commenced drill program on the company's 100% owned Bellas Gate project in Jamaica. Complete assays have been received for hole PVT0900-001 (EOH 152.0m) and partial assays for PVT0900-002 down to 350.0m depth (EOH 480.7m). PVT0900-001 was the maiden drill hole with the company's recently purchased, man-portable drill rig and was a training hole for the new Jamaican drilling team and trainers. Both holes confirmed broad zones of near surface copper-gold mineralization. To date, approximately 1,650m of a fully funded and recently announced 8,500m drill program have been completed. Ongoing drilling will continue evaluating a cluster of discrete high priority porphyry copper- gold targets. These targets are defined by geology, soil geochemistry and geophysics along the two parallel Camel and Connors porphyry belts at the Bellas Gate project. Drilling highlights: Longest interval of copper-gold mineralization intersected at Provost to date. 285.9m at 0.37% copper and 0.21 g/t gold (0.52% CuEq. 1) from 64.1m, including 191.5m at 0.45% copper and 0.27% gold (0.64% CuEq. 1) intersected in the upper 350m of hole PVT0900-002. Copper sulphide mineralization logged to the end of hole PVT0900-002 at 480.7m. Assays are pending for the lower 130.7m with the last assay interval returning 12.0m (338.0m to 350.0m) at 0.46% copper and 0.27 g/t gold (0.64% CuEq. 1). 92.0m at 0.24% copper and 0.12 g/t gold (0.32% CuEq. 1) from 60.0m intersected in hole. PVT0900-001. End of Hole assayed 0.23% copper and 0.10 g/t gold (0.30% CuEq. 1) over its last 2.0m interval. Multiple phases of alteration, veining, and mineralization evident, porphyry copper-gold mineralization overprinted by intermediate and high-sulphidation epithermal veining. C3 Metals' recently purchased man portable drill rig is performing strongly with excellent penetration rates being achieved at very low direct drilling costs to date. Three holes for approximately 1,100m now completed at Provost with a fourth hole in progress. A larger contractor rig is drilling on the Camel Hill porphyry target where historical hole depths average only 220m below surface. The first hole has been extended from its planned 450m depth, as visual copper mineralization is evident to the current depth of 615m. The PVT0900-002 copper-gold intersection is the longest mineralized intercept drilled to date at Provost. Pyrite and chalcopyrite mineralized diorite was intersected to the bottom of hole when drilling had to be terminated at 480.7m due to a shortage of drill rods. The depth capacity of the Company's recently acquired man-portable drill rig was expected to be approximately 400m; however, based on the performance to date, significantly greater depths in NQ sized core are possible. Additional drill rods have been sourced to enable drilling to continue to 650m depth in suitable ground conditions. Drilling at Provost confirms a telescoped, fully intact (not eroded) porphyry copper-gold system which is interpreted to be spatially interrelated to a larger porphyry system at depth, as illustrated in a cross section. Drill core observations include: A syn-porphyry lahar (volcanic debris flow) partially covers the Provost porphyry indicating a well- preserved system; Coincident porphyry A and B type quartz veins associated with gold-rich chalcopyrite-pyrite mineralization; Porphyry mineralization is commonly overprinted by mineralized intermediate- and high- sulphidation epithermal veins; Pervasive porphyry style alteration and mineralization open along strike and at depth. Next Steps: Recent and historical drilling at Provost confirms porphyry and epithermal copper-gold mineralization is open in most directions. C3 Metals' man-portable drill rig is lightweight, maneuverable and ideally suited to step out extension drilling of the high-grade porphyry mineralization intersected in PVT0900-002. The Company plans to systematically evaluate this extensive zone of alteration and surface geochemistry at Provost with multiple drill holes. A larger capacity contractor drill rig is currently drilling approximately 3.5km southeast of Provost at the Camel Hill porphyry target. The first hole planned to a depth of 450m has been extended due to the continued presence of appreciable chalcopyrite copper mineralization in the drill core. At September 11, 2023, this hole was at 615m depth. These first drill holes along this southeastern part of the Camel trendwill provide structural, geochemical, alteration and mineralization information to assist in the targeting for the the bornite-rich potassic altered cores of most economic porphyry systems. Four deep holes (700m -
1,000m) are currently planned along the Camel and Connors porphyry belts. The Company looks forward to providing further updates as drilling progresses and anticipates a steady flow of assay results through the end of 2023.