Red Metal Resources Ltd. announced the assay results for four of the nine holes drilled in the company's winter 2022 diamond drill program on its Carrizal property. The 2,010 metre 2022 winter diamond drill program focused on extending known mineralization on the Farellon vein down dip on both the North and South ends of the 1.5 kilometre vein that had been historically drilled and also tested a new vein previously only sampled on surface. Work is ongoing on the Carrizal property to continue to expand the Company's knowledge of the Gordal vein through mapping of structures and alteration on surface.

The first significant amount of diamond drilling has allowed the geological team to better understand the mineralized structures and associated alteration that can now be applied to the rest of the property. The mapping program will result in new targets which will be tested in the next phase of drilling. Management believes there remains significant unrealized potential in the numerous veins observed on surface but not yet thoroughly investigated.

Red Metal has implemented a quality control program to comply with industry best practices for sampling, chain of custody and analyses. Certified copper gold reference standards, blanks and duplicates are inserted at the core processing site as part of the QA/QC program in addition to the control samples inserted by the lab. Samples are prepared and analyzed by ALS laboratories in La Serena, Chile and Lima, Peru.

Samples are analyzed for gold using Fire Assay-AA techniques. All samples are analyzed using a 33 element 4 acid digestion ICP analysis method and copper samples over 10,000 ppm are analyzed again for just copper using the same analysis method. All results reported herein have passed QA/QC protocols.