Abitibi Metals Corp. announced the arrival of a second drill on-site at the B26 Polymetallic Deposit. The Company is currently completing its winter drill program at the Deposit, where a minimum of 10,000 metres is targeted by the end of March under the first phase of a fully funded 30,000- metre 2024 field season.

On November 16, 2023, the Company entered into an option agreement on the B26 Deposit to earn 80% over 7 years from SOQUEM Inc. To-date, five holes have been completed on the B26 Main Deposit target, totalling 1,477 metres. Drilling in this first phase is broken down between 3 targets along strike testing the first 300 vertical metres: 1. B26 Main Deposit: The key objective of drilling within the B26 Main Deposit is to evaluate the open pit potential and potential up-dip near-surface extensions of the main deposit to the north. This testing is distributed over a 1.2-kilometre strike length.

2. Satellite West: Targeting the geometric continuity of a potential satellite zone 500 metres to the west of the main deposit. 3. Eastern Extension: Targeting the expansion of the main deposit to the east where 2.45% Cu Eq over 26.7 metres, including 4.74% CuEq over 11.7 metres (1274-14-167) was intercepted in historical drilling. Drill Hole Descriptions: Holes 1274-24-293 & 1274-24-294 were designed to test the geometry (infill & extension) of mineralization in historical hole B26-40 and secondly to crosscut historical hole 1274-16-224 which graded 3.05% CuEq over a length of 48.1 metres from 113.4 to 161.5 metres.

Holes 1274-24-295 & 1274-24-296 were designed to intercept the copper-bearing structure up-dip close to surface, which was previously intercepted 3.65% CuEq over a length of 31.8 metres in hole 1274- 14-202M at a vertical depth of approximately 60 metres. Hole 1274-24-297 was designed to test the up-dip structure closer to the surface of historical hole 1274- 14-193, which intercepted 1.65% CuEq over 12.8 metres, ending at a depth of 200.5 metres.