Major Precious Metals Corp. provided final results on its 2021 diamond drilling program at its Skaergaard Project in eastern Greenland. Drilling Results: Mineralised intercept results from the first 32 holes and 4 sets of channel samples successfully completed within these priority areas confirm the potential to upgrade confidence and significantly expand the existing MRE for Skaergaard.

Assay results for the 32 holes and 4 cross sections with sawn blade channels confirmed Pd, Pt and Au grades and mineralised widths are comparable to historical drilling in the four main mineralised horizons that define the existing MRE as detailed in the Report. The assay analysis was performed at the independent Omac Laboratories Limited, Loughrea County Galway, Ireland. Omac is part of ALS Global, which provides laboratory testing, inspection certification and verification solutions and has ISO17025 certification.

Available results from 14 holes completed as part of a NW-SE trending drill fence on the Forbindelses Glacier, with drill holes spaced approximately 300 metres apart, show continuity of Pd, Pt and Au grades and thicknesses. New results testing the mineralisation beneath the glacier confirmed the results of the holes reported in the April 22, 2022 News Release, and are projected to allow the Company to upgrade the resource classification in this large area and expand the MRE from the existing geological model further to the north. Holes MPD0012, and MPD013, the two shallower of four holes completed on a plateau in the area north of the Forbindelses Glacier returned near surface Pd-Pt-Au mineralisation from a vertical depth of 35 metres - from surface.

MPD015, a second hole drilled from the same pad as historical drill hole PRL11-57, but dipping south and designed to test the extension of and potential resource expansion of mineralised material, also confirmed the geometry and distribution of Pd-Pt-Au mineralisation in this area. The fourth new hole completed at the northern plateau area; MPD009, showed good Pd Eq correlation with historical hole PRL-11-58 collared 75 metres to the east. Holes MPD029, MPD023, MPD024, MPD028 and MPD031, collared in the northern edge of the Forbindelses glacier, returned PdEq mineralisation from 95 to 110 metres downhole depth also showed good correlation with historical holes PRL11-54 and D89-05, completed 175 metres north uphill.

The new assay results on the northern plateau and the northern edge of the glacier, along with two historical holes and historical channel samples, will be used to assess the open pit potential in this area, and to choose a starting point for an underground mining scenario as part of the PEA. Assay results for holes MPD001, MPD002, MPD003, MPD026 and MPD004 show the consistency of the mineralised Pd-Pt-Au footprint in the northwest area of the project, with hole MPD026 interpreted to intercept the gold-dominant H5 upper horizon at a vertical depth of 15 metres. Hole MPD004 is interpreted to intercept H5 at a vertical depth of 97 metres and anomalous Pd-Au-Pt mineralisation starting from 78 metres depth.