C3 Metals Inc. provided an update on 2023 exploration results and strategy for 2024 at the Company's 100% owned copper-gold projects in Jamaica. Exploration work has confirmed 16 porphyry and over 40 epithermal copper-gold prospects along a 30km strike extent. Drill holes completed during 2023 highlight significant porphyry potential that remains open at depth and along strike.

The 2023 exploration program focused on a comprehensive remapping campaign over the Bellas Gate and Arthurs Seat mineral concessions in order to advance understanding of the geology, refine the Company's geologic interpretation and develop a first pass 3D regional geology model for use in planning future drill targets. All geologic data has been incorporated into a regional geology model, which is significantly enhancing targeting copper-gold-silver mineralization. The 2023 drilling campaign confirmed a cluster of high level, uneroded porphyry systems and associated fully preserved epithermal base and precious metal veins (low, intermediate, and high sulphidation).

Drillhole assays confirm significant potential for a meaningful copper-gold porphyry discovery in this highly prospective, yet significantly underexplored porphyry-epithermal belt. The 2024 Jamaica drill program will largely focus on the Bellas Gate Project where two district scale porphyry copper-gold and epithermal copper-gold-silver vein corridors extend over 10km of strike extent. C3 Metals plans to systematically evaluate these two mineralized corridors and anticipates drilling up to 20,000m on high priority targets in 2024.

A cluster of copper-gold mineralized porphyries has been identified associated with a 4km zone of strong porphyry alteration mapped at surface. Drilling will progressively step out along strike to determine the potential for continuous copper-gold mineralization in this highly prospective zone. Work is also planned to further develop other priority copper-gold prospects, which include; COFFEE - Magnetic anomaly and coincident 2.5km by 2.5km copper-in-soil anomaly; PLEASANT HILL - Magnetic & IP anomalies and coincident 700m by 600m copper-in-soil anomaly; COCOA RIDGE - Magnetic anomaly and coincident 900m by 500m copper-in-soil anomaly; STAMFORD HILL - CHARING CROSS EPITHERMAL FIELD - Spanish and British historical adits and shafts exploited multiple high-grade copper-gold-silver epithermal veins up to 10m wide; ARTHURS SEAT- an untested porphyry target.

Discrete magnetic anomaly over a high tenor 1200m by 800m copper in soil anomaly. Additionally, Induced Polarisation (IP) geophysics survey work is planned at Bellas Gate and Arthurs Seat in 2024. Completing an IP survey will be a major step to aid in the systematic evaluation of numerous porphyry and epithermal prospects.

After a short break for the drill crews during the holiday season, drilling has resumed with two drill rigs. Both rigs are currently drilling at Provost to test the strike and depth extent of this high-priority porphyry target. With a well-funded treasury following the closing of an oversubscribed and upsized private placement on November 15, 2023, two drill rigs turning and up to 20,000m of drilling planned for 2024, C3 Metals expects to provide regular news flow from its exploration program in Jamaica.