BC Moly Ltd. provided an update on its 100% owned Storie Molybdenum Deposit located in Northern British Columbia as further outlined in the technical report entitled “NI 43-101 Resources Estimate for the Storie Deposit” and dated March 3, 2023 (effective October 28, 2022), prepared by Sue Bird, P. Eng., an independent Qualified Person (as such term is defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects), which updates the mineral resource estimate on the Storie Deposit. Storie Molybdenum Deposit Highlights Include: The Storie Deposit is comprised of four mineral tenures 100% owned by the Company and covers an area of 1,506 hectares; Measured & Indicated resource of 241.6Mlb Molybdenum (“Mo”) within 157.4Mtonnes grading 0.07% Mo at a 0.035% Mo cut-off; Inferred resource of 23.4Mlb Mo within 15.5Mtonnes grading 0.069% Mo at a 0.035% Mo cut-off; 27% increase in Measured & Indicated resource compared to the previous 2014 resource estimate; Remains open along strike and down dip to the west; Road and airstrip accessible, located 6km southwest from the Town of Cassiar in Northern British Columbia; 55,000+ metres of historical diamond drilling since first discovered in 1959. 2023 Updated Mineral Resource Estimate: The updated mineral resource for the Storie Deposit comprises near-surface Measured and Indicated resources of 241.6M lbs Mo grading 0.07% Mo at a 0.035% Mo cut-off and Inferred resources of 23.4M lbs Mo grading 0.069% Mo at a 0.035% Mo cut-off using a restated Mo price of US$18/lb to define the resource.

The deposit remains open along strike and down-dip in the west. The updated mineral resource represents a 27% increase in Measured & Indicated resource from the previous 2013 resource estimate and increase in grade from 0.068% Mo to 0.07%. Additional drilling opportunities available to extend mineralization along strike and at depth.

The west of the deposit remains undrilled and is also open at depth. The property consists of four mineral tenures owned 100% by BC Moly in an area covering 1,506 hectares. The effective date of the resource estimate is October 28, 2022.

The Qualified Person is of the opinion that issues relating to all relevant technical and economic factors likely to influence the prospect of economic extraction can be resolved with further work. These factors may include environmental permitting, infrastructure, sociopolitical, marketing and other relevant factors.