Abitibi Metals Corp. announced that it has engaged the services of Forage DCB Drilling of Rouyn- Noranda to complete the near-term drill program for the high-grade B26 Polymetallic Copper Deposit. Located within the prolific Abitibi Greenstone Belt, B26 comprises 66 claims covering 3,328 hectares in the Eeyou Istchee Baie-James territory and represents a significant opportunity to develop a copper, zinc, gold, and silver Polymetallic Deposit in a region with a rich history of base and precious metal production, which includes the Detour and Casa Berardi Mines.

There is year-round road access with a power line running through the Project. Abitibi is the first public company with the option to earn into the B26 Deposit. With a strike length of 1 km and depth extent of 0.8 km, both of which are open for expansion, Abitibi will focus on delivering shareholder value with an aggressive exploration approach which includes a fully financed approximately 30,000 metres of drilling in 2024 that will focus on advancing and expanding the existing underground resource (Ind: 7.0MT @ 2.94% Cu Eq & Inf: 4.4MT @ 2.97% Cu Eq) while delineating its open-pit potential.

Property highlights include: 2018 resource that includes 254 holes over 115,311 meters, advancing the asset to a significant resource that includes, across all categories, 400 million pounds of copper, 286,000 ounces of gold, and significant zinc & silver exposure. B26 Resource Summary (2018)2: Indicated: 6.97 Mt at 2.94% Cu Eq (1.32% Cu, 1.80% Zn, 0.60 g/t Au and 43 g/t Ag) Inferred: 4.41 Mt at 2.97% Cu Eq (2.03% Cu, 0.22% Zn, 1.07 g/t Au and 9 g/t Ag) Drilling has established the continuity down to a vertical depth of 800 meters and the deposit remains open at depth and laterally with strong historical intercepts* including: 2.32% Cu Eq over 89.5 metres (1274-13-117) 3.05% Cu Eq over 48.1 metres (1274-16-224) 8.95% Cu Eq over 11.5 metres (1274-14-152) Within 7 km of the historical Selbaie Mine, a similar Polymetallic Copper Deposit with a variety of mineralization styles and element combination, that had a historical resource of 56.9 Mt @ 0.87% Cu, 1.85% Zn, 0.55 g/t Au, 39 g/t Ag (CONSOREM 2012). Reference to this nearby property is for information only, and there are no assurances that the Company will achieve the same results at the B26 Deposit.

The Company will advance B26 through a first-year exploration plan focused on 3 milestones: 1. 30,000 Metres of Drilling. The Company anticipates the completion of at least 30,000 metres in the first year. Phase 1 will concentrate on high-priority infill drilling in areas with higher metal factors within the resource, roughly from surface down to 300 metres and exploring mineralized lenses continuity and geometry, and expansion possibilities.

2. Updated Internal Resource & 3D Model. Through the review of the 2018 resource, the Company has identified opportunities for improvement, which will strengthen its drill plan and a potential increase of current tonnage without further drilling. These areas include a) geological modelling to better identify high-grade lenses to generate strong resource growth-focused drilling; b) reviewing and analyzing additional samples to determine the correct density factor to include in the updated internal resource /3D model as the Company believes the density factor could be currently understated, which could result in the correct factor contributing additional tonnage above the 2018 resource numbers; c) reviewing and analyzing metal grade variability for resource estimation update for gold and silver grades; and d) completing a robust 3D and internal resource model which will provide a strong basis for evaluating economic potential.

3. Gravity Survey. The Company is planning a Gravity Survey grid to cover extensions of the VMS contact to help model the geology, primarily the mafic-felsic contacts and sulphide-rich environment, in order to target new mineralized extensions close to the surface and at a moderate depth (300-600 metres). This is aligned with its first-year objective of improving its understanding and model of the open-pit potential of the Project.