C3 Metals Inc. announced results from its initial scout drilling program at the Company's 100% owned Arthurs Seat Project in Jamaica.  The Arthurs Seat Project is contiguous with C3 Metals' 100% owned Bellas Gate and Main Ridge Projects to the southeast and west, respectively.  Ten scout holes tested extensive epithermal quartz breccias exposed north of the Crawle River-Rio Minho Fault Zone (“CRFZ”), a new and emerging porphyry – epithermal belt.  There is no record of any previous drilling at the Arthurs Seat Project.  Although first pass drilling did not intersect high-grade shoots that are common to these systems, broad zones of lower grade gold mineralization with small intervals of high grade (0.60m at 7.63 g/t Au) have been confirmed within telescoped porphyry-style alteration and mineralization. Drilling Summary: Mapping and sampling defined an 8.0km by 4.5km copper-gold-silver footprint within which a 5.0km by 3.0km high-density, low-intermediate sulphidation epithermal quartz breccia swarm occurs.  The Company completed 10 scout drill holes for 2,200m, testing multiple high potential epithermal gold targets.  Eight of 10 holes intersected epithermal and/or porphyry style mineralization, and two holes were lost due to ground conditions. Drill assays confirm lower grade epithermal gold mineralization over narrow and broad widths.

 Locally coarse gold occurs in association with bornite and pyrite mineralization, which reported 7.63 g/t gold over 0.60 metres within a broader zone of 0.28 g/t gold over 29.4 metres.  Epithermal gold mineralization in quartz breccias is telescoped by hydrothermal alteration which appears to be sourced from an interpreted porphyry at depth.  Copper is late and occurs as bornite with lesser chalcopyrite coating fractures and as disseminations.  Molybdenum is highly anomalous in several drill holes with 8.3m assaying at 46ppm molybdenum in ARS4950-002.  Molybdenum is a key porphyry indicator. Next Steps: C3 Metals is in a unique position to evaluate and unlock significant value from the multiple high potential porphyry and epithermal targets identified along this newly emerging porphyry – epithermal belt.  The Company has been granted two 5-year drilling permits for the Arthurs Seat and Bellas Gate Projects and expects to receive the Main Ridge Project drill permit during the first half of 2023.   A district-wide drill program is required to properly evaluate each of the high potential porphyry and epithermal targets at Bellas Gate, Arthurs Seat and Main Ridge.

The next phase of drilling in Jamaica will systematically evaluate high potential porphyry and epithermal prospects delineated.  Much of the historical drilling at the Connors, Camel Hill, Geo Hill, Hendley and Provost porphyry targets was undertaken prior to geophysical data but confirmed moderate to strong copper-gold mineralization on the margins of each system.  Several historical drill holes ended in mineralization and porphyry targets remain open along strike and at depth.  Overlying the historical drilling on the modelled magnetic and IP chargeability geophysical data has proven to be a key targeting tool for copper-gold porphyry-style mineralization.  Historical highlights include (refer to press releases August 30, 2021 and January 12, 2017): Connors 114.0m @ 0.69% Cu, 0.52g/t Au in CON-14-004 (from 28.0m); Camel Hill 137.2m @ 0.56% Cu, 0.25g/t Au in CAM92-01 (from surface); Provost  339.0m @ 0.28% Cu, 0.12g/t Au in PVT-16-002 (from 29m); Geo Hill 121.6m @ 0.35% Cu (gold not assayed) in GEO92-01 (from 39.6); Hendley 261.0m @ 0.35% Cu in HEN-15-003 (from 59.0). With respect to porphyry potential, C3 Metals plans to systematically test the surface extent and depth potential of the known mineralization and to test for higher grade bornite-rich cores to the systems at Connors, Camel Hill, Geo Hill, Hendley and Provost.  Other high potential porphyry targets are being evaluated at Bellas Gate, Arthurs Seat and Main Ridge, and will be drill tested if warranted. The Company is currently in discussions with several drill contractors. The Spanish and British excavated over 60 adits and shafts at Bellas Gate during the 1600s and 1800s respectively, targeting high grade epithermal gold, silver and copper veins. The Company plans to evaluate these and other high priority epithermal targets using a recently purchased low-cost, diamond drill rig that is expected to be operational by mid-2023.

 It is capable of drilling to 400 metres depth.   Epithermal targets will be evaluated across the 30km epithermal corridor that extends from Bellas Gate through to Arthurs Seat and Main Ridge. Epithermal drilling costs are expected to be at least 50% lower than porphyry drilling.