Core Assets Corp. announced assay results from the remaining diamond drill holes completed during the 2022 exploration program at the Silver Lime Porphyry-CRD Project and the Laverdiere Skarn-Porphyry Project (the Laverdiere Project or Laverdiere) at the Blue Property (the Blue Property) located in the Atlin Mining District of NW British Columbia. A total of 1,497 metres of diamond drilling were completed at the Grizzly CRD Target in 2022.

First-pass diamond drilling at the Grizzly Target intersected significant near surface, high-grade carbonate replacement mineralization. SLM22-011 intersected 5.64m of 659g/t AgEq (254g/t Ag, 5.1% Pb, 4.8% Zn, 0.11% Cu and 0.12g/t Au) from 57.36m core depth including 3.15m of 1,132g/t AgEq.424g/t Ag, 9.1% Pb, 8.3% Zn, 0.20% Cu, and 0.14g/t Au), and extending the previously rushed carbonate replacement massive sulphide intercept which included 1.16m of 3,056g/t AgEq ("1,145g/t Ag, 23.2% Pb, 23.5% Zn, 0.52% Cu, and 0.37g/t Ag) from 58.54m depth. SLM22-010 intersected 2m of 218g/t Ag Eq (99g/t Ag, 0.4% Pb, 1.8% Zn, and 0.5% Cu) from 276m depth, including 0.90m of 287g/t AgEq(141g/t Ag, 0.,5% Pb, 2.5% Zn, and 0.,14% Cu).

SLM22-009 intersected 2.23m of 124g/t AgEq,63g/t Ag, 0.'6% Pb, and 0.9% Zn) from 143m depth, including 0.73m of 375g/t AgEq®? (192g/t Ag, 1.9% Pb, and 2.6% Zn). All drill intercepts remain open in multiple directions and at depth (down-dip).

Core Assets President & CEO Nick Rodway commented: The first ever drill season at the Silver Lime and Laverdiere projects have yielded remarkable results confirming the presence of large, well-mineralized porphyry-skarn and CRD systems. Data collected in 2022 will allow to execute a targeted, fully funded-CRD focused drilling program which will begin in the next few months. As the begin to demonstrate continuity in new discoveries, plan to step out into thick limestone sequences to the northwest of Silver Lime and test the additional >250 CRD occurrences that have been mapped.