C3 Metals Inc. ("C3 Metals"or the "Company") announced assays from a further seven holes from its ongoing drilling program at the Jasperoide Copper-Gold Project, Southern Peru. All seven holes were drilled on Line JAS2750 at the Montana de Cobre zone, located 50 metres north of high-grade copper-gold mineralization reported on Line JAS2700 (Press release dated September 8, 2021). Drilling continues to intersect high-grade copper-gold mineralization across the shallow dipping skarn domain that is laterally extensive for 400m to 600m and varies from 100m to 150m in true thickness. Drilling at the Cresta Verde zone is progressing well, testing a high-priority coincident magnetic - IP anomaly located approximately 2 kilometres north-northwest of Montana de Cobre. The target measures 1200m by 600m and drill holes JAS4350-02 and JAS4350-03 intersected significant intervals of pervasive garnet-diopside-magnetite skarn alteration with up to 90% pyrrhotite and pyrite and with visible chalcopyrite mineralization. The JAS4350 drill collar is approximately 700 metres northwest of historical drill hole JADD11-20 which tested the southern extent of the anomaly and intersected 23.5m of 1.86% Cu1 from 19m downhole. Drilling on Line JAS2750 demonstrates that skarn alteration and copper-gold mineralization thicken to the northeast, where drill holes JAS2750-04, 05, 06 and 07 intersected pervasive garnet diopside and magnetite skarn that is strongly oxidized to over 200m in depth. Secondary copper species comprise malachite, chrysocolla and azurite, occurring as disseminations, infill and in cm-scale veins. The most westerly drill fan (JAS2750-01 and 02) intersected narrow zones of skarn mineralization with the best interval assaying 16.75m @ 1.36% Cu and 0.47g/t Au in JAS2750-01. Drill hole JAS2750-03 intersected multiple high-sulfidation (acid) epithermal veins similar to drill hole JAS2700-04, with the best assay being 16.55m @ 1.60% Cu and 0.58g/t Au. Multiple cavities were encountered in this hole which was stopped short of target depth. Cresta Verde Drilling: The Company recently completed airborne magnetic and ground IP surveys across the permitted area, defining several coincident magnetic and IP chargeability anomalies. Modelling and inversion of the geophysics data indicates the magnetic and IP chargeability anomalies strengthen with depth and therefore represent compelling drill targets. Three holes were completed at Cresta Verde approximately 2km to the north of Montaña de Cobre on Line JAS4350, for a total of 1429.1 metres. The holes were targeted on large-scale and cohesive IP chargeability and magnetic anomalies defined from the recently completed ground IP and airborne magnetic surveys. JAS4350-01 drilled northeast (065 degrees azimuth) and was designed to test a large north-south oriented magnetic anomaly. The hole intersected a multi-stage intrusive complex that is locally endoskarn altered and is cut locally by sulphide veinlets. JAS4350-02 drilled southwest (245 degrees azimuth) and tested a separate target comprising a coincident magnetic and IP chargeability anomaly measuring 1200m by 600m. Moderate to strong skarn alteration with significant sulphide mineralization was intersected from surface to 330m depth. A hydrothermal breccia with a massive sulphide matrix was intersected from 260m to 310m depth. The breccia zone contains up to 90% sulphides that are dominated by pyrrhotite and pyrite, overprinted by late-stage chalcopyrite and molybdenite mineralization. From 330m to the end of the hole at 705.5m is equigranular diorite cut by millimetre to metre-scale pyrrhotite veins with chalcopyrite along vein selvages. The hole was terminated in mineralization due to rig capacity.