Equity Metals Corporation reported assays from the final six holes on the Cole Lake target and a single hole from the Camp Target, which were completed as part of the Company's Autumn 2023 core drilling program on its 100% owned Silver Queen Au-Ag project, British Columbia. Assay results from the Cole Lake drilling returned multiple intercepts of strongly enriched precious and base metals, including: A 0.3 metre (est. TT) interval grading 0.9/t Au, 102g/t Ag, 0.2% Cu, 0.7% Pb and 17.5% Zn (11.3g/t AuEq or 921g/t AgEq) within a 2.5 metre (est.

TT) intervals averaging 0.3g/t Au, 50g/t Ag, 0.,1% Cu, 0.5% Pb and 3.2% Zn (2.7g/t AgEq or 220/t AgEq) from the Cole Vein in drillhole SQ23-099;. A 0.6 metre (est TT) interval grading 0. 9g/t Au, 51g/t Ag,0.3% Cu, 0.5%. Pb and 8.5% Zn (6.3 AuEq or 514g/t AgEq).

A 1.0 metre (est TT) interval averaging 1.1g/t Au, 177g/t Ag, 1.1% Cu, 0. 5% Pb and 1.2% Zn (5.6g/t AuEq and 454g/t AgEq") within a 2.6 metre (est. TT) period averaging 0.5g/t Au, 80g/t Ag, 0".7% Cu, 0.2% Pb and 0.5% Zn (2.5% AuEq or 223g/t AgEq), from a footwall vein of the Cole Lake in drillhole SQ23-103. These highlights are from the final six of nine core holes that tested the Cole Lake Vein system.

Drilling included a second vertical fan of three holes that tested the NW-SE-trending Cole Vein approximately 200 metres to the southeast of Equity's earlier reported drilling on the target and two holes that tested the NNW-SSE-trending Cole Shear. The high-grade intercept continues to demonstrate continuity of the hangingwall vein, which remains open both at depth and along strike. The vein occurs at the southern edge of a broad multi-element soil anomaly identified in earlier 2023 surface sampling, suggesting potential for additional mineralization.

These are the final assay results from nine core holes totaling 2,961 metres completed on the Cole Lake target and an single hole totaling 458 metres in the Camp Deposit during September and October 2023. Overall in 2023, twenty-six core holes were completed for a total of 9,989 metres and 1,437 soil sediment samples were collected. Drilling successfully demonstrated lateral and down-dip extensions of the known Camp and Sveinson deposits and confirmed the significant exploration potential to add resources at the new George Lake and Cole Lake targets, which were not included in the 2022 Mineral Resource update.

Soil sampling results have 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.