Equity Metals Corporation reported new assays from its Spring 2023 core drilling program on the Company's 100% owned Silver Queen Ag-Au project, located in central British Columbia. The new assays continue to extend mineralization on the west side of the Camp Vein Deposit and confirm blind, hanging wall mineralization north of the main vein set. a 0.8 metre (est.

TT) interval beginning at 463.5m grading 1952g/t Ag, 0.1% Pb and 0.2% Zn (24.1g/t AuEq or 1971g/t AgEq) within a 1.7 metre interval averaging 926g/t Ag, 0.1% Pb and 0.7% Zn (11.8g/t AuEq or 964g/t AgEq) from drill hole SQ23-080; and a 0.5 metre (est. TT) interval beginning at 463.1m grading 490g/t Ag, 1.2% Pb and 2.4% Zn (7.8g/t AuEq or 641g/t AgEq) from drillhole SQ23-079. These intercepts were returned from one of the more southerly veins within the Camp/Sveinson vein system and represent a 270 metre down-dip and a 140 metre lateral step-out from previous drilling.

The intercept in drill hole SQ23-080 is the deepest bonanza-grade silver intercept identified in the Camp/Sveinson vein system to date and reflects the continued exploration potential both at depth and laterally to the west within the southerly vein set. Shallow gold and base metal -rich mineralization intersected beginning at 30.5m depth in the upper part of drill hole SQ23-080 is similar to that reported earlier from hole SQ23-079 and confirms a shallow, blind target in the hanging wall, north of the main vein set. Nine holes totaling 4,038 metres were completed in the Spring 2023 drill program, testing the westward strike extensions of the Camp Target and a drilling gap within the Sveinson Target.

Final assays have been received from only two of the nine holes and additional assays are anticipated over the coming weeks. A short surface soil sampling program is underway on the property and drilling is set to resume mid-June to test the George and Cole Lake vein targets. The George and Cole Lake veins have been partially tested by historical drilling, which identified several hundred metres of strike length at each target that projects to between 200 metres and 400 metres depth, respectively.

Neither target has yet been incorporated into the 43-101 Mineral Resource Estimate of the property.