Equity Metals Corporation reported high-grade gold-silver intercepts in a step-out drill hole that extends mineralization at the Camp Vein target along strike to the west and remains open ended in that direction. This, and two drill holes which tested a portion of the Sveinson target, were completed as part of a limited 1,500-metre drill program in June 2022 at the Company's 100% owned Silver Queen project in northwestern British Columbia. Drillhole SQ22-078 is a 50-metre step-out of the Camp Vein target and intersected three main clusters of veins, two which returned highlight intercepts including: a 1.3 metre interval grading 9.3g/t Au, 1,998g/t Ag, 0.17% Cu, 2.2% Pb and 6.8% Zn (41.8g/t AuEq or 3,136g/t AgEq) within a 7.5 metre interval averaging 1.8g/t Au, 539g/t Ag, 0.5% Pb and 1.8% Zn (10.4g/t AuEq or 778g/t AgEq); and a 0.4 metre interval grading 0.2g/t Au, 2,313g/t Ag, 1.2% Pb and 1.0% Zn (32.2g/t AuEq or 2,411g/t AgEq) within a 6.8 metre interval averaging 156g/t Ag, 0.1% Pb and 0.1% Zn (2.2g/t AuEq or 166g/t AgEq).

Two additional holes tested the full 200-metre width of the Sveinson target near the transition to the Camp target. Multiple veins were intersected including: a 0.4 metre interval grading 653g/t Ag, 1.3g/t Au, 7.3% Cu, 0.1% Pb and 0.4% Zn (19.5g/t AuEq or 1,462g/t AgEq) within a 1.6 metre interval averaging 232g/t Ag, 0.8g/t Au, 3.3% Cu, 0.1% Pb and 0.4% Zn (8.7g/t AuEq or 649g/t AgEq) from drillhole SQ22-076. Several other intercepts, although narrow, continue to confirm the continuity, and in some cases depth projection, of at least three different vein sets that project through the Sveinson target.