Major Precious Metals Corp. provided an update on its Phase I diamond drilling program at its Skaergaard Project (“Skaergaard”) in eastern Greenland. Drilling commenced in July and has prioritized the northern part of the Skaergaard deposit including several areas being drilled to determine the open-cut potential at Skaergaard. Historically, these priority areas were never drilled at Skaergaard due to the focus being on defining a resource in the southern part of the deposit. Successful completion of these drill holes within these key priority areas by this September has the potential to both upgrade and significantly expand the existing mineral resource estimate (“MRE”) for Skaergaard. The current MRE includes Indicated Mineral Resources of 81.6 million tonnes at 2.10 g/t PdEq resulting in 5.51 Moz contained PdEq ounces and Inferred Mineral Resources of 217.3 million tonnes at 2.05 g/t PdEq resulting in 14.4 Moz contained PdEq ounces at a cutoff grade of 1.43 g/t PdEq. The current MRE is supported by a National Instrument 43-101 (“NI 43-101”) technical report (the “Report”) with an effective date of April 15, 2021. The Company is prioritizing the following key target areas (Zone 1 to 4) at Skaergaard for its current drilling program to both upgrade the existing mineral resource categories and significantly increase the size of the mineral resource: Several NW-SE trending drill fences in the northern part of the deposit with drill holes spaced approximately 300 m apart (Zone 1). Completion of these drill holes will allow the Company to not only upgrade the resource classification in this large area, but possibly expand the mineral resources further to the north from the existing geological model; Several drill holes in the northeast to determine the open-cut potential of the near surface mineralization in this area (Zone 2); Several drill holes immediately north of the glacier to determine the open-cut potential of the near-surface mineralization in this area (Zone 3); and Several drill holes southwest of the glacier to extend and upgrade the near-surface resource in this area (Zone 4). At the Company’s request, SLR has sent Consulting Geologist Phil Geusebroek, P.Geo. and Senior Mining Engineer Murray Dunn, P.Eng. to Skaergaard to complete an independent site visit and personal inspection of active drilling and coring operations. Both individuals are Qualified Persons under NI 43-101 and are visiting Skaergaard the week of August 23rd to: Review the Company’s active diamond drilling operations; Inspect the Company’s core logging and sampling facilities, and ensure the Company’s geological consultants are adhering to strict QAQC procedures and following CIM exploration best practices; Verify the current drilling plan will be fully effective in developing a robust updated MRE for Skaergaard with the main priorities being to upgrade and expand the existing resource. SLR geologist Phil Geusebroek completed the Company’s MRE for Skaergaard and also assisted the Company in designing its current drilling and sampling program, and will therefore audit the current drill plan and sampling protocols on site; Assess locations for future mining infrastructure and investigating open-cut and underground mining options for the Skaergaard Project as part of its upcoming Preliminary Economic Assessment (“PEA”). This task will be completed by SLR mining engineer Murray Dunn; and Time and weather permitting both SLR consultants will fly into the Company’s newest mineral exploration licence (MEL 2021-10) to determine this area’s potential for exploration work and future mining infrastructure requirements.