MetalsTech Limited announced to provide stakeholders with an update on its Phase II diamond drilling program at the Company's 100%-owned Sturec Gold Mine, located in Slovakia (Sturec). During sampling, visible gold (VG) was identified identified in UGA-52 at 127.55m (downhole) in an approximately 1 cm thick, drusy, white to translucent, quartz-pyrite veinlet and is present as upto approximately 1 cm sized aggregates made up of many less than -O.5mm sized grains. The visible gold in UGA-52 was hosted within a 32.5m (107.2-139.7m downhole) wide zone of variably argillic altered, veined and hydrothermally brecciated andesite in the drill core.

UGA-52: UGA-52 was positioned as an extension drill hole below the existing Sturec Mineral Resource; and below UGA-14 and UGA-13, which were drilled in 2021. UGA-14 intersected a thick, continuous mineralized zone of 108m @ 2.22 g/t Au and 7.6 g/t Ag from 26m including: 60m @ 3.69 g/t Au and 9.8 g/t Ag from 73m (0.5g/t Au cut-off); Including 42m @ 4.98 g/t Au and 11.9 g/t Ag from 91m (1g/t Au cut-off); Including 10m @ 16.98g/t Au and 26.4 g/t Ag from 95m (2g/t Au cut-off); UGA-13 intersected a mineralized zone of 19m @ 4.25 g/t Au and 3.7 g/t Ag from 152m including: 5m @ 14.90 g/t Au and 6.1 g/t Ag from 157m (0.5g/t Au cut-off); UGA-52 intersected approximately 32.5m of variably argillic altered and brecciated andesite host rock containing varying amounts of quartz filled vein /stockwork /breccia, variably rich in fine to very fine grained sulphides (mainly pyrite/marcasite) from approximately 107.2m to 139.7m down hole. The Company looks forward to providing an update on UGA-52 in the next few weeks as the core has been sampled and will be dispatched to the lab as soon as possible.