Equity Metals Corporation announced that it continued core drilling on its Silver Queen property during 2023 with the twin goals of extending select known mineralized veins and of identifying new mineralization that may further increase the project's resource base, for which an independent 2022 resource estimate demonstrated a significant increase compared to the Company's 2019 resource. Importantly, the Company conducted initial drilling on two exciting targets that are not included in the current Silver Queen resource, George Lake and Cole Lake. Drill results from these two targets during 2023 suggest that shareholders can look forward to continued encouraging news flow about Silver Queen, with the next round of drilling planned to begin early in the spring of 2024.

Twenty-six core holes were completed in 2023 for a total of 9,989 metres drilled and 1,437 soil sediment samples were collected. Drilling successfully demonstrated lateral and down-dip extensions of the known deposits and confirmed the significant exploration potential of the new George Lake and Cole Lake targets. Soil sampling results confirmed and extended the surface expression of several known zones of mineralization as well as highlighted an exciting new 1 km2 polymetallic soil target located just north of the Camp Deposit.

Assay results from the final six holes of the 2023 campaign are pending and will be released shortly. Drilling in 2024 will focus on systematic resource expansion of the Camp and Sveinson deposits and the further delineation of mineralization at the Cole Lake and George Lake targets. Several additional new targets will be tested in 2024 including the newly identified soil anomaly north of the Camp Deposit.

An initial 6000 metres of drilling is planned to test these targets.