Metal Energy Corp. announced the acquisition of 100% interest in the Manibridge project ("Manibridge" or the "Project") concurrently with the completion of the Phase Two 10,000 metre drill program (the "Program"). All completed drill holes intersected visible nickel sulphides.

The Company has released assays from 14 of 30 holes, with 16 holes to be released in early 2023. A total of 10,091.6 metres were completed over 36 diamond drill holes, including 6 abandoned drill holes, with all completed drill holes having intersected visible nickel sulphides. The drill hole collar locations were all within 150 to 600 metres of the old mine workings.

The drill holes targeted the shallower parts of the Manibridge nickel sulphide system at depths between 200 and 400 metres. Assay results have been released for drill holes MNB007 to MNB023. Highlight assay results from the first eleven drill holes include 0.84% Ni eq.

over 20.0 metres starting at 268.5 m drill hole depth in MNB014. Assay results for drill holes MNB024 to MNB040A are still pending, and the Company has sampled a few new intervals from drill hole MNB022 based on encouraging spot sample results (i.e., 0.1 m sample length). Assay results will be reported after the data has been received, reviewed, and approved.