Core Assets Corp. announced assay results from the first four diamond drill holes completed at the Jackie CRD Target during the 2022 exploration program at the Silver Lime Porphyry-CRD Project ("Silver Lime"), central Blue Property ("Property"); Atlin Mining District of NW British Columbia. A total of 1,299 metres of diamond drilling, representing four of fifteen drill holes project wide, were completed at the Jackie CRD Target in 2022.

First-pass diamond drilling at the Jackie CRD Target intersected carbonate replacement mineralization near surface and to drilled depths exceeding 200 meters. Highlights: · SLM22-001 intersected 21.65m of 23g/t Ag, 1.0% Zn, 1.2% Pb, and 0.08% Cu from surface, including 1.25m of 215g/t Ag, 9.9% Zn, 8.9% Pb, and 0.36% Cu. SLM22-002 intersected 5.37m of 51g/t Ag, 4.0% Zn, 1.1% Pb, and 0.19% Cu from 1.10m depth, including 1.47m of 140g/t Ag, 6.3% Zn, 3.3% Pb, and 0.10% Cu.

SLM22-003 intersected 0.93m of 62g/t Ag, 1.6% Zn, and 1.9% Pb from 154.78m depth. SLM22-004 intersected 7.90m of 46.7g/t Ag, 0.4% Zn, 0.7% Pb, and 0.19% Cu from 190.70m depth, including 2.00m of 126g/t Ag, 0.8% Zn, 2.0% Pb, and 0.60% Cu, and 0.62m of 338g/t Ag, 2.1% Zn, 5.8% Pb, and 1.55% Cu. 2022 drilling results from the Jackie CRD Target also identified gold grades associated with localized base metal sulphide veining and carbonate replacement mineralization.

SLM22-004 intersected carbonate replacement mineralization and sulphide-bearing veinlets over 0.53m that returned 0.57g/t Au, 50.4g/t Ag, 1.8% Pb, and 0.4% Zn from 121.82m depth. SLM22-004 also intersected 8.00m 0.69g/t Au and 6.5g/t Ag including 2.00m of 5.42g/t Au, and 5.6g/t Ag from 335.00m depth. Fugitive calcite was observed in both SLM22-004 Au-bearing intercepts.

The highest-grade massive sulphide occurrences at Jackie appear to be associated with steeply dipping, mineralized felsic dykes that crosscut the folded carbonate stratigraphy and have localized massive sulphide mineralization along proximal faults and splays. l surficial structures hosting massive sulphide at Jackie that were targeted during 2022 drilling are confirmed to host high-grade mineralization at depth. It is inferred that these high-grade sulphide occurrences connect to larger massive sulphide feeder zones.

A causative intrusion sourcing the mineralized dykes at the Jackie Target has yet to be identified. Core Assets has also contracted Terrane Geoscience Inc. to conduct a desk-based structural analysis of the Silver Lime Porphyry-CRD Project to assist with drill targeting, and to develop an oriented core protocol in anticipation of the 2023 exploration program. Additionally, assay results for the remaining 11 diamond drill holes (totalling 4,266 meters) completed at the Sulphide City and Grizzly Targets will be released in the coming weeks.