Fireweed Commences 2022 Drill Program At Macmillan Pass |

Fireweed Metals CORP. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF, formerly known as Fireweed Zinc Ltd.) is pleased to announce the 2022 diamond drilling program has started at the Macmillan Pass zinc-lead-silver Project, Yukon, Canada.

Brandon Macdonald, CEO, stated, "We are finally drilling! After a delayed start-up mainly due to a late spring, drilling has begun. The first two of four drills are turning with the final drill arriving at site shortly. Even with the late start we anticipate drilling over 7,000 metres this summer to make it the largest drill program Fireweed has ever carried out at the Project."

The 2022 program includes four diamond drill-rigs, targeting over 7,000 m of drilling divided between four zones, a reduction from the expected 8,000 m initially announced due to the late start. The Boundary zones are open in every direction, and the 2022 program has been designed to test step-outs around the peripheries of Boundary and Boundary West, in addition to testing a potential connection between the two zones. The step-outs will include testing potential down-dip continuation of the recently discovered high-grade stratiform mineralization at Boundary West (see Fireweed news release dated March 10, 2022), and testing for additional massive sulphide mineralization in the near-surface. Three of the rigs will operate at Boundary and Boundary West where the majority of the drilling will occur.

The fourth rig will drill Tom West, Tom North, Jason, and Jason South subzones targeting select extensions and other parts of these four large zinc-lead-silver deposits. The holes at Tom West will focus on providing infill within high-grade zones where the current mineral resource is supported by small-diameter historic diamond drill holes with very poor recovery in the higher-grade portions of the holes. Fireweed sees potential to increase zinc, lead, and silver grades in these areas by drilling modern larger diameter holes, as demonstrated in previous Fireweed drill programs (see Fireweed news releases dated 10th October 2018; 13 th November, 2018; 20 th August 2019; 10 th September 2019). The drilling at Tom North will target a step-out of the near-surface mineralization that is potentially amenable to open-pit mining. The drilling at Jason and Jason South will target high-grade step-outs.

By the end of the 2022 campaign, Fireweed will have four seasons of additional drill data to inform new mineral resources for the Project, including an inaugural resource for the Boundary, Boundary West, End Zone, and Tom North zones, and an updated resource for Tom West, Tom East, Tom Southeast, Jason and Jason South subzones.

Technical information in this news release has been approved by Gilles Dessureau, P.Geo., M.Sc., V.P. Exploration and a ‘Qualified Person' as defined under Canadian National Instrument 43-101.

About Fireweed Metals Corp. (TSXV: FWZ; OTCQB: FWEDF; FSE:20F): Fireweed Metals is a public mineral exploration company on the leading edge of Critical Minerals project development. The Company has three projects located in northern Canada:

In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed (OTCQB: FWEDF) trades on the OTCQB Venture Market for early stage and developing U.S. and international companies and is DTC eligible for enhanced electronic clearing and settlement. The Company is current in its reporting and undergoes an annual verification and management certification process. Investors can find Real-Time quotes and market information for the Company on www.otcmarkets.com . In Europe, Fireweed (FSE: 20F) trades on the Frankfurt Stock Exchange.

Additional information about Fireweed and its projects can be found on the Company's website at www.FireweedMetals.com and at www.sedar.com .

ON BEHALF OF Fireweed Metals CORP.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain "forward-looking" statements and information relating to the Company and its projects that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company's operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

Map 1: A map of the Macmillan Pass Project showing the location of Tom, Jason, End and Boundary zones as well as the Mactung Project. https://www.globenewswire.com/NewsRoom/AttachmentNg/2b95fab5-9a72-4b78-a179-ed89ad3bbf72

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Fireweed Metals Corp. (TSXV:FWZ,OTCQB:FWEDF) is a Canadian mining, exploration and development company focused on advancing its Macmillan Pass zinc–lead–silver project in Yukon, Canada. Fireweed Metals' Macmillan Pass project is a district-scale play that has significant upside potential. Fireweed Metals intends to expand upon historic work and utilize modern exploration methods to make new discoveries.

Fireweed Metals has two large SEDEX deposits —Tom and Jason — and the company is confident that it can make additional SEDEX discoveries. In May 2022, it acquired the Gayna River Zinc Project by way of staking, covering over 128 square kilometers of mineral claims in the Northwest Territories. The area includes 28,000 meters of historic drilling by Rio Tinto and allows Fireweed Metals to increase its claims at an affordable rate in a proven area.

In addition to its exploration potential, the Macmillan Pass project also has a 2018 resource estimate. The resource was developed using a historic resource from 2007 as well as results from a 2,000-meter drill program. The resource highlighted an indicated resource of 11.2 million tonnes grading 9.6 percent zinc equivalent and an inferred resource of 39.5 million tonnes grading 10 percent zinc equivalent.

Following the release of the resource, Fireweed Metals released the results of a preliminary economic assessment (PEA) for the project in May 2018 outlining an 18-year mine life with 32.7 million tonnes of mineralization at a processing rate of 4,900 tonnes-per-day.

In 2022, Fireweed Metals signed two separate agreements to acquire significant large claims on the western extensions of the Boundary Zone and the Fertile Corridor in the Macmillan Pass area. The first agreement with QuestEx Gold & Copper Ltd. (TSXV:QEX) is composed of 410 claims covering a total area of 74 km2. The second agreement with two private arms-length individuals comprises 1,582 claims covering an area of 318 km2. The expansion further leads to a large area of zinc, lead and silver targets.

Since releasing the PEA, Fireweed Metals has continued its exploration efforts at Macmillan Pass. Recently, the company provided new diamond drilling results from the last two holes at Boundary West and a synopsis of its 2021 exploration results and work program. The results included drilling highlights in step out holes of 8.22 percent zinc and 53 g/t silver over 60.68 metres, and 7.71 percent zinc and 32 g/t silver over 46.96 metres. A new discovery assayed 23.77 percent zinc, 3.44 percent lead and 75.7g/t silver over 10.42 metres in stratiform mineralization similar in style to the Tom and Jason deposits.

Subsequently, the company mobilized its first field crews to the Macmillan Pass for a large $10 million 2022 drill program. Considered Fireweed's largest drill program to date, the company plans 8,000 meters of diamond drilling with two-thirds of the metres will be step-out and infill at Boundary Zone and Boundary West and the remaining metres split between Tom and Jason.

Fireweed also solidified its claim as one of the leading critical mineral exploration companies after acquiring 100 percent interest in the Mactung Tungsten Project located in the Yukon and Northwest Territories, Canada, immediately adjacent to its Macmillan Pass Zinc-Lead-Silver Project. Through staking, the company also acquired the Gayna River project at a very low-cost. Abundant zinc-lead-silver mineralization was discovered at Gayna River in the 1970s and Rio Tinto drilled over 28,000 m in the late 1970s resulting in a large tonnage exploration target.

The Macmillan Pass zinc-lead-silver project is located approximately 200 kilometers northeast of the community of Ross River in the Selwyn Basin of Yukon, Canada. Hosting 12 large SEDEX-type deposits, the Selwyn Basin is one of the world's most recognized basins for this type of deposit. Fireweed Metals' Macmillan Pass is nearby to Selwyn Chihong Mining's Selwyn (Howard's Pass) project which contains one of the world's largest undeveloped zinc deposits.

The Tom deposit was discovered in 1951 by Hudbay Minerals and the Jason deposit was discovered by the Ogilvie joint venture in 1974. Hudbay acquired the Jason deposit in 2007, combining the two deposits for the first time into one project. Fireweed Metals signed an option agreement to acquire 100-percent of the Tom and Jason claims from Hudbay in December 2016.

In August 2017, Fireweed Metals quadrupled the land area of its Macmillan Pass project with the acquisition of the adjoining MAC claims from Newmont Mining. The MAC claims cover the contiguous northwest extension of the same geology and mineralization trends that host the Tom and Jason deposits.

Fireweed Metals again added to the size of the Macmillan Pass project with its acquisition of the Nidd property from a subsidiary of Teck Resources (TSX:TECK.A or TECK.B,NYSE:TECK). With this acquisition, Fireweed Metals has consolidated the Macmillan Pass zinc district and now controls 544 square kilometers of highly-prospective zinc claims.

In January 2018, Fireweed Metals announced its mineral resource estimate for the Macmillan Pass project. The resource included the resource estimate already completed on the Tom and Jason zones on the property. An NSR cut-off grade of $65 was used to calculate the numbers in the table below.

“These new mineral resource estimates for Tom and Jason represent a substantial increase over the previous 2007 mineral resource estimates," said Fireweed Metals CEO Brandon Macdonald. “Building on this major milestone, we will now use these mineral resource estimates along with pending new metallurgical test results, toward completion of a preliminary economic assessment in the coming months to assess project economics. Next summer we plan to execute a larger drill program to expand on these mineral resources and test other targets for new discoveries within our large project area."

In May 2018, Fireweed Metals announced that they had completed a PEA for the Macmillan Pass project. The following numbers were calculated using a base case $1.21 per pound zinc, $0.98 per pound lead and $16.80 per ounce silver. Highlights include:

The PEA also highlighted numerous opportunities for economic improvements and that there is room for expanding the resource.

“This first NI 43-101-compliant PEA on the Macmillan Pass project represents a significant step for the company as we progress the project towards production. Project economics in the PEA demonstrate that Macmillan Pass is not just viable at the zinc, lead and silver prices levels contemplated in the study, but highly robust," said Macdonald. “With consideration of the exploration upside not just at the known zones, but also within the broader land package, the project is steadily shaping up to be a premiere district-scale zinc mining camp in the mining-friendly Yukon Territory."

The Macmillan Pass project represents an opportunity for upside potential. The footprints of the Tom and Jason deposits are quite small compared to the substantial size of the entire land package. Additionally, while approximately 70,000 meters of historical drilling was carried out on the Tom and Jason claim areas since their discovery, a vast majority of the current Macmillan Pass land package (including the MAC and Nidd claims) remain largely unexplored by modern exploration techniques.

Significant potential remains to expand the known mineralization at the Tom and Jason deposits at depth and along trend. Historic exploration activities on the MAC claims were limited to early-stage work in the search for gold, however, several areas of zinc and lead geochemical anomalies were discovered in stream sediments and soils.

Fireweed Metals is testing that potential via an exploration campaign aimed at expanding the known mineralization on the Tom and Jason claims. The program also includes aerial and ground reconnaissance over the MAC claims to delineate targets for further exploration.

In 2022, the company released new diamond drilling results from the last two holes at Boundary West together with a synopsis of its 2021 exploration results on the Macmillan Pass Zinc-Lead-Silver project. The drill results included a step-out hole NB21-009 at Boundary West intersected 14.0 percent zinc, 0.2 percent lead, and 57 g/t silver over 3.05 metres within a broader stratiform zone grading 4.9 percent zinc, 0.7 percent lead, and 34 g/t silver over 21.6 metres. The 2021 Exploration Program featured multiple wide zones of high-grade mineralization including stratiform layers, massive sulphides, veins, stockworks and replacements. Highlights in step out holes included 8.22 percent zinc and 53 g/t silver over 60.68 metres, and 7.71 percent zinc and 32 g/t silver over 46.96 metres.

In 2022, Fireweed Metals announced its acquisition of the 37.6 km2 Mactung Project in Yukon and Northwest Territories, Canada, immediately adjacent to its Macmillan Pass Zinc-Lead-Silver Project. Mactung is one of the largest and highest-grade tungsten deposits in the world. The area features skarn mineralization developed in carbonate rocks near contact with a granite intrusion. Historic 2007 indicated resources totaled 33.0 million tonnes grading 0.88 percent WO3 (tungsten trioxide) plus historic inferred resources of 11.8 million tonnes grading 0.78 percent WO3.

The Gayna River Zinc project located in Northwest Territories, Canada which contains the critical metals zinc, gallium, and germanium in addition to lead and silver. The acquisition was made at a very low-cost by staking 128.75 sq-km of mineral claims in NWT. The area is known for 28,000 meters of historic drilling by Rio Tinto which outlined impressive large-tonnage exploration targets.

John Robins is a professional geologist with over 35 years of experience mainly as an independent geologist and entrepreneur. Mr. Robins has been involved in many successful exploration ventures and sat on the boards of several successful exploration companies. Most recently he was Founder, Executive Chairman and Director of Kaminak Gold Corporation which discovered the Coffee gold deposits in Yukon and sold the company to Goldcorp for $520 million. In 2008, Mr. Robins was recognized for his achievements in mining exploration by the Association for Mineral Exploration British Columbia with the H.H. “Spud" Huestis Award. This is recognized as the highest award given for mineral exploration and is awarded to those who have made “a significant contribution to enhance the mineral resources of British Columbia and/or the Yukon Territory, through the original application of prospecting techniques or other geoscience technology." In 2017, Mr. Robins' companies (Bluestone Resources, Northern Empire Resources, Fireweed Metals) raised over $100 million.

Brandon Macdonald is a professional geologist with a diverse experience base including exploration geology worldwide and investment banking. In recent years he has focused his efforts on exploration and development as a principal of and consultant to various junior mining companies. In the past, he was in the City of London where he worked in structuring financings and risk management at Macquarie Bank. In 2007 Mr. Macdonald graduated with an MBA (with Distinction) from Oxford. He completed his B.Sc. in Geology from UBC in 2000. Mr. Macdonald has a long history of mining exploration work in Yukon, including zinc projects, and originally hails from Ross River, near the Macmillan Pass Project site.

Adrian Rothwell has worked in the mining industry for over 25 years with extensive experience in oversight and corporate governance roles. He is currently President and Chief Executive Officer of Kore Mining Ltd., a private mining venture with gold projects in the western US. Most recently, he was the Director, Strategy at Goldcorp Inc., and previously acted as Chief Financial Officer for many companies listed on the TSXV. Mr. Rothwell is a Chartered Professional Accountant (CPA, CA) in British Columbia and a designated Chartered Accountant in Australia and New Zealand. He articled at PricewaterhouseCoopers LLP in Australia and Canada and holds a BA in Economics from Macquarie University.

George Gorzynski is co-founder of the company and a geological engineer with 35 years of experience in exploration and mining company management. He has strong technical, management and leadership skills, and was a key person in the building and managing of several successful international junior mining and exploration companies. His technical experience ranges from management of large exploration projects in challenging settings to geology field work in isolated locations to oversight of mining operations. Mr. Gorzynski has geological engineering degrees from the University of Toronto (Honours) and University of British Columbia and has worked on a number of zinc projects in British Columbia and Yukon.

Mr. Hemstead has over 20 years of finance experience and has a proven track record of providing strong financial leadership. He has extensive experience in financial management, corporate finance, project finance, treasury, commercial banking, marketing/sales, financial risk management, insurance, and tax planning. Mr. Hemstead is a Chartered Professional Accountant with an Honours Economics degree from the University of Western Ontario. He is currently the Chief Financial Officer of Bluestone Resources Inc. where he is a key executive in financing and moving the Cerro Blanco gold project toward production. He is also a Director and Chair of the Audit Committee at Fiore Gold Ltd., a growth oriented gold producer and explorer with the producing Pan Mine as well as a suite of exploration projects in Nevada. He previously held a senior financial executive role for 10 years with Capstone Mining Corp., leading the financial team through the successful expansion from a development stage mining company to an intermediate producer. His expertise and experience will be a great benefit to Fireweed as the Company advances its Macmillan Pass Project toward production.

Mr. Dessureau is a Professional Geologist with over 15 years of exploration and development experience in the Western Cordillera including Yukon and British Columbia along with other locations throughout North America including Nevada, Ontario and Quebec. Mr. Dessureau is the Owner and Principle Geologist of Solidus Geological Services and has been providing geological and project management services to a number of clients including Golden Predator Mining Corp., Columbus Gold Corp., Colorado Resources Ltd., BMC Minerals, among others since 2007. Mr. Dessureau was instrumental in advancing the Wolverine polymetallic VMS deposit, located in the Yukon, through pre-feasibility and into commercial production beginning in 2010, and was involved with advancing Golden Predator's Brewery Creek and 3 Aces deposits. Mr. Dessureau graduated with a Master's degree from Laurentian University in Sudbury following a Bachelor's degree in Geology from St. Mary's University in Halifax. He is a Professional Geologist registered with Engineers and Geoscientists British Columbia (EGBC).

Mr. Scott is a Professional Geologist with over 18 years of experience in mineral exploration and development, having worked with leading mining companies, junior exploration companies, and provincial and federal government surveys. Mr. Scott brings diverse experience in geology, studies, engineering, innovation, project management, and leadership in the advancement of projects from exploration through to acquisition and early development.

Mr. Chalk has over 25 years of experience as a leading strategic and capital markets advisor in the global metals and mining industry. Prior to founding GenCap Mining Advisory in May 2020, he spent the past 14 years leading the Vancouver mining investment banking team at Scotiabank. Prior to that, he was at Macquarie North America (Toronto and Vancouver) and CIBC Wood Gundy (Toronto, Sydney and Vancouver).

Pamela O’Hara is a Registered Professional Biologist with a unique blend of professional experience plus academic training. Pamela has extensive and proven experience in acquiring approvals for complex mining and transportation infrastructure projects and understands the complex environmental and regulatory landscape.

Ms. Chiang is a Chartered Professional Accountant with experience in both public practice and industry since she became a Chartered Accountant in 2009. During her time in public practice at KPMG, Cindy led audit engagement team. Ms. Chiang is a Chartered Professional Accountant (CPA) with experience in both public practice and industry since she became a Chartered Accountant in 2009. During her time in public practice at KPMG, Cindy led audit engagement teams domestically and abroad, and is knowledgeable of Canadian and US accounting standards as well as IFRS. In industry, Cindy dealt with financial accounting and internal controls matters. Since May 2021, Ms. Chiang has been the Financial Controller for Fireweed and in recent months has transitioned into her new role as Chief Financial Officer.

Jeffrey Dare has over nine years of professional experience with respect to managing external reporting and corporate compliance for TSXV-listed issuers. He currently serves as the Corporate Secretary and advisor for a number of junior companies. Mr. Dare works closely with external partners and service providers in the areas of legal, compliance, transfer agency, audit, banking and insurance. Mr. Dare holds a BA from Simon Fraser University.

Fireweed Metals CORP. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF, formerly known as Fireweed Zinc Ltd.) is pleased to announce that a ground gravity survey has commenced at its recently acquired Gayna River project, Northwest Territories.

Brandon Macdonald, CEO, stated, "Back in 2020 when we made a new discovery at Boundary West on our flagship Macmillan Pass project, gravity was a key part of defining the drill target. We are building on the experience that we had in using this exploration tool by applying it to a new search space at our recently acquired Gayna River property where we see the potential to make a new discovery of high-grade massive sulphide mineralization. We are excited to start early-stage work at Gayna River, advancing it in parallel with our portfolio of Critical Minerals projects."

The ground gravity survey will comprise several grids targeting the areas of highest geological potential. The survey is underway and is being conducted by Aurora Geosciences. A relatively tight station spacing of 50 m is being used, as the search space has already been narrowed down by focusing on specific geological targets. The intent is to use ground gravity to directly detect subsurface density anomalies associated with potential massive sulphide bodies that may lie within approximately 100-200 m of surface.

A state-of-the-art LiDAR survey will be flown using a fixed wing aircraft this summer. The survey will gather data to generate a very high-resolution topographic surface that will be used to assist the gravity survey by allowing the calculation of a high-resolution terrain correction that is necessary for accurate interpretation of the data in areas of rugged relief as well as providing a base map for future exploration work.

Fireweed has been awarded a Mining Incentive Program (MIP) grant from the Government of the Northwest Territories to assist the exploration program. The grant is valued at up to $132,000, significantly reducing the cost of the exploration program for Fireweed.

Gayna River Geology and Mineralization

The Gayna River project is being explored for a potential Kipushi-style target: high-grade zinc-rich massive sulphides. The steep to vertical sides of Neoproterozoic carbonate reefs are being targeted for steeply dipping massive sulphide lenses that may have been missed by previous exploration efforts using vertical holes in historic drill programs. A focused geological mapping and modeling program will refine the search space for this geological environment using high-resolution aerial photographs taken as part of the LiDAR survey, a compilation of historical geological information in 3D, and boots-on-the-ground geological mapping and ground truthing. For more details on Gayna River Geology, see Fireweed News Release dated May 10 th 2022, and www.fireweedmetals.com .

Technical information in this news release has been approved by Jack Milton, P.Geo., Ph.D., Chief Geologist and a ‘Qualified Person' as defined under Canadian National Instrument 43-101.

In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed (OTCQB: FWEDF) trades on the OTCQB Venture Market for early stage and developing U.S. and international companies and is DTC eligible for enhanced electronic clearing and settlement. The Company is current in its reporting, and undergoes an annual verification and management certification process. Investors can find Real-Time quotes and market information for the Company on www.otcmarkets.com . In Europe, Fireweed (FSE: 20F) trades on the Frankfurt Stock Exchange.

Additional information about Fireweed and its projects can be found on the Company's website at www.fireweedmetals.com and at www.sedar.com .

ON BEHALF OF Fireweed Metals CORP.

Forward Looking Statements This news release may contain "forward-looking" statements and information relating to the Company and its projects that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company's operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.

Contact: Brandon Macdonald Phone: (604) 646-8361

Map 1: The Gayna River Project, Northwest Territories, Canada. is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f0b41644-4087-49db-8336-6bddf44c1faf

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FIREWEED ZINC LTD. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF) is pleased to announce as a follow-up to its news release dated June 21, 2022, the TSX Venture Exchange ("TSXV") has approved the change of name to " Fireweed Metals Corp. ". The Company will begin trading under its new name on Thursday, June 30, 2022. Fireweed will continue to trade under the same symbol ‘FWZ' on the TSX Venture Exchange and the number of shares outstanding will not change.

About Fireweed Metals Corp. (TSXV: FWZ; OTCQB: FWEDF; FSE:20F ): Fireweed Metals is a public mineral exploration company on the leading edge of Critical Minerals project development. The Company has three projects located in northern Canada:

In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed (OTCQB: FWEDF) trades on the OTCQB Venture Market for early stage and developing U.S. and international companies and is DTC eligible for enhanced electronic clearing and settlement. The Company is current in its reporting, and undergoes an annual verification and management certification process. Investors can find Real-Time quotes and market information for the Company on www.otcmarkets.com . In Europe, Fireweed (FSE: 20F) trades on the Frankfurt Stock Exchange.

Additional information about Fireweed and its projects can be found on the Company's website at www.FireweedMetals.com and at www.sedar.com .

ON BEHALF OF Fireweed Metals CORP.

Forward Looking Statements This news release may contain "forward-looking" statements and information relating to the Company and its projects that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company's operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

Contact: Brandon Macdonald Phone: (604) 646-8361

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Fireweed Zinc LTD. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF) is pleased to announce it is rebranding and transitioning with a name change to FIREWEED METALS CORP. Fireweed will now operate as and market itself as Fireweed Metals Corp., but formal adoption of the new name will occur when regulatory approvals are received. Fireweed will continue to trade under the same symbols on stock exchanges (TSXV: FWZ; OTCQB: FWEDF; FSE:20F) and the number of shares outstanding will not change.

The rebranding features a new redesigned website, www.FireweedMetals.com, which launches today. Readers are encouraged to explore the new website which features a new look and new content with enhanced visuals and videos.

Executive Statement Fireweed CEO Brandon Macdonald stated: "Fireweed has quickly grown into much more than a zinc company. The purpose of this rebranding and the new website is to reflect that we are now a leading critical minerals company. Our projects host major deposits of zinc and tungsten, each with unique supply dynamics and compelling demand growth. Our flagship Macmillan Pass Project is one of the largest undeveloped zinc projects in the world. Nearby, our recently acquired Mactung Project is one of the world's largest and highest grade tungsten deposits. To the north, we have also recently acquired the Gayna River zinc-gallium-germanium project. All our projects are in the safe jurisdiction of Canada. With both zinc and tungsten being designated as critical minerals by Canada, the US, and the EU, Fireweed is positioned to be a significant critical minerals player on the world stage and to help enable the transition to a sustainable low-carbon economy."

New Website In coordination with the rebranding, Fireweed is pleased to launch a new redesigned website, www.FireweedMetals.com. The new website features a new look and content, and will have new content released regularly. Fireweed's ambition is to have industry leading data transparency, and will be working towards that goal in the coming months. Readers are encouraged to explore the new website and learn more about Fireweed and its projects.

Name Change Detailed Information The name change to Fireweed Metals Corp. was approved by a special resolution at the recent Annual General and Special Meeting of the shareholders held on May 25, 2022 (see Fireweed news release dated June 10, 2022) as well as by the Board of Directors. To finalize the name change, regulatory approvals are needed including TSX Venture Exchange approval. After the name change, Fireweed will continue to trade under the same symbols on stock exchanges (TSXV: FWZ; OTCQB: FWEDF; FSE:20F) but under a new CUSIP number, and the number of shares outstanding will not change.

About Fireweed Metals Corp. (TSXV: FWZ; OTCQB: FWEDF; FSE:20F ): Fireweed Metals is a public mineral exploration company on the leading edge of Critical Minerals project development. The Company has three projects located in northern Canada:

In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed (OTCQB: FWEDF) trades on the OTCQB Venture Market for early stage and developing U.S. and international companies and is DTC eligible for enhanced electronic clearing and settlement. The Company is current in its reporting, and undergoes an annual verification and management certification process. Investors can find Real-Time quotes and market information for the Company on www.otcmarkets.com. In Europe, Fireweed (FSE: 20F) trades on the Frankfurt Stock Exchange.

Additional information about Fireweed and its projects can be found on the Company's website at www.FireweedMetals.com and at www.sedar.com .

ON BEHALF OF FIREWEED METALS CORP.

Forward Looking Statements This news release may contain "forward-looking" statements and information relating to the Company and its projects that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company's operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

Contact: Brandon Macdonald Phone: (604) 646-8361

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Fireweed Zinc LTD. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF) is pleased to announce that the first field crews have been mobilized to the Macmillan Pass Property, in Yukon, Canada to prepare for a large 2022 drill program. Significant improvements are being made to the camp to support the four-rig 2022 program. Diamond drilling, core scanning, and a muon tomography survey will begin in the coming weeks after the access road opens.

Gilles Dessureau, V.P. Exploration, stated, "We are very excited to start our 2022 season. It will be the largest and most ambitious program ever carried out by Fireweed at the Macmillan Pass Project. We are also excited to use innovative new technologies, such as muon tomography and hyperspectral imaging to guide exploration. The main objectives of the 2022 field program will be to define and expand the known mineralized zones toward an updated mineral resource study this winter followed by an updated preliminary economic study."

The 2022 drill program will consist of 4 diamond drill-rigs, targeting approximately 8,000 m of drilling divided between the zones. Boundary Zone is open in every direction, and the 2022 program has been designed to test step-outs around the peripheries of Boundary Main and Boundary West, in addition to testing a potential connection between the two zones. The step-outs will include testing potential down-dip continuation of the recently discovered high-grade stratiform mineralization at Boundary West (see Fireweed news release dated March 10, 2022), and testing for additional massive sulphide mineralization in the near-surface. Three of the rigs will remain at Boundary Zone where Fireweed anticipates drilling approximately 5,800 m.

The fourth rig will drill Tom West, Tom North, Jason Main, and Jason South, targeting approximately 2,300 m between these four large zinc-lead-silver deposits. The holes at Tom West will focus on providing infill within high-grade zones where the current mineral resource is supported by small-diameter historic diamond drill holes with very poor recovery in the higher-grade portions of the holes. Fireweed sees potential to increase zinc, lead, and silver grades in these areas by drilling large HQ diameter holes using triple-split tubes to improve recovery, as demonstrated in previous Fireweed drill programs (see Fireweed news releases dated October 10, 2018; November 13, 2018; August 20, 2019; September 10, 2019). The drilling at Tom North will target a step-out of the near-surface mineralization that is potentially amenable to open-pit mining. The drilling at Jason Main and Jason South will target high-grade step-outs

By the end of the 2022 campaign, Fireweed will have four seasons worth of new drill data that will be used to inform a new global mineral resource, including an inaugural resource for the Boundary Main, Boundary West, End Zone and Tom North zones, and an updated resource for Tom West, Tom East, Tom Southeast, Jason Main and Jason South zones. Fireweed will use the new resource to inform a new Preliminary Economic Assessment (PEA) for the project.

Fireweed contracted GeologicAI to scan all 2022 drill core as well as a significant portion of the core from Fireweed's past programs and some of the historic core from the previous operators. The scanning will include high resolution digital photography, LiDAR topography, shortwave, visible, and near infrared hyperspectral imagery, and X-ray fluorescence (XRF) scans. Fireweed anticipates using this information to inform geometallurgical models of the deposits that have potential to deliver value by optimizing the upcoming PEA.

Working with Ideon Technologies, Fireweed will deploy muon detectors in two drill holes at Boundary West. These detectors will be used to define the geometry of the known zinc mineralization at Boundary West and target additional mineralization in the area. Muon tomography is a down-hole geophysical technique that uses naturally occurring cosmic-ray muons to measure density contrasts and identify subsurface anomalies such as dense bodies of zinc mineralization.

Technical information in this news release has been approved by Gilles Dessureau, P.Geo., V.P. Exploration and a ‘Qualified Person' as defined under Canadian National Instrument 43-101.

About Fireweed Zinc Ltd. (TSXV: FWZ; OTCQB: FWEDF; FSE:20F ): Fireweed Zinc is a public mineral exploration company on the leading edge of Critical Minerals project development. The Company has three projects located in northern Canada:

In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed (OTCQB: FWEDF) trades on the OTCQB Venture Market for early stage and developing U.S. and international companies and is DTC eligible for enhanced electronic clearing and settlement. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the Company on www.otcmarkets.com . In Europe, Fireweed (FSE: 20F) trades on the Frankfurt Stock Exchange.

Additional information about Fireweed Zinc and its projects can be found on the Company's website at www.FireweedZinc.com and at www.sedar.com .

Additional information about Fireweed Zinc and its Macmillan Pass Zinc Project including maps and drill sections can be found on the Company's website at www.FireweedZinc.com and at www.sedar.com .

ON BEHALF OF Fireweed Zinc LTD.

This news release may contain "forward-looking" statements and information relating to the Company and its projects that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, pandemics, the ability to properly and efficiently staff the Company's operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

Contact information: Brandon Macdonald Phone: (604) 646-8361

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/539d5060-21e0-42ed-8654-ea0ade9fc87e

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Fireweed Zinc LTD. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF) is pleased to provide the results of its Annual and Special Meeting of Shareholders which was held on May 25, 2022, and to announce Fireweed shares are now eligible for electronic clearing and settlement with the Depository Trust Company ("DTC") for trading in the USA.

Annual and Special Meeting At the Annual and Special Meeting of shareholders, 25,038,453 shares were voted and the Company received majority shareholder approval for the following:

Details of the matters approved at the meeting are set out in the Company's Information Circular dated April 19, 2022 and available under the Company's profile on SEDAR at www.sedar.com .

Depository Trust Company Eligibility in USA The Company is pleased to announce that Fireweed shares are now eligible for electronic clearing and settlement through the Depository Trust Company ("DTC") in the USA. DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly traded companies. Securities which are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible." The Company believes that being DTC eligible will simplify and make trading in its common shares on the OTCQB Venture Market more accessible to the US investment community with accelerated settlement periods and expected reduction in costs for investors and brokers.

DTC eligibility compliments Fireweed's OTCQB ® Venture Market (the "OTCQB") listing (OTCQB: FWEDF) in the USA. The OTCQB, operated by the OTC Markets Group in New York, is the premiere marketplace for early stage and developing U.S. and international companies, and is recognized by the United States Securities and Exchange Commission ("SEC") as an established public market providing public information for analysis and value of securities.

In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed (OTCQB: FWEDF) trades on the OTCQB Venture Market for early stage and developing U.S. and international companies and is DTC eligible for enhanced electronic clearing and settlement. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the Company on www.otcmarkets.com . In Europe, Fireweed (FSE: 20F) trades on the Frankfurt Stock Exchange.

Additional information about Fireweed Zinc and its projects can be found on the Company's website at www.FireweedZinc.com and at www.sedar.com .

ON BEHALF OF Fireweed Zinc LTD.

Forward Looking Statements This news release may contain "forward-looking" statements and information relating to the Company including its DTC eligibility that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company's operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Additional risks are set out in the Company's prospectus dated May 9, 2017, and filed under the Company's profile on SEDAR at www.sedar.com. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

Contact: Brandon Macdonald Phone: (604) 646-8361

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FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") announces that a total of 2,640,000 stock options have been granted to the Company's directors, officers and employees. The options have an exercise price of $0.50 per share and will expire on July 28, 2027 .

FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at www.fpxnickel.com or contact Martin Turenne , President and CEO, at (604) 681-8600 or ceo@fpxnickel.com .

On behalf of FPX Nickel Corp. "Martin Turenne" Martin Turenne , President, CEO and Director

Forward-Looking Statements Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2022/29/c4061.html

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East dyke swarm has multiple Li-bearing (spodumene) dykes up to 27 m wide, located 600 m to the east of the Kraken discovery dyke

Sokoman Minerals Corp. (TSXV:SIC) (OTCQB:SICNF) ("Sokoman") and Benton Resources Inc. (TSXV:BEX) ("Benton") together, (the "Alliance") are pleased to update shareholders on the drilling progress at both the Kraken Lithium and Grey River Gold projects in southwest Newfoundland

Early in 2022, the Alliance completed the first-ever drill campaign for lithium on the Island of Newfoundland at the Kraken Lithium discovery on the Golden Hope JV Project. Six diamond drill holes tested the original Kraken discovery-dyke area where selective surface grab samples returned values from trace up to 2.37% Li2O. The winter drilling program verified the existence of significant lithium-rich dykes flanking the regional Bay d'Est Fault where hole GH-22-01 intersected 0.94% Li2O over 8.4 m. Important structural information was obtained from the drilling including the presence of relatively flat-lying dykes, as well as folding in the system. The flat-lying dykes are significant, in that the bulk of the lithium mineralization at Piedmont Lithium's Piedmont project in North Carolina lies in flat-lying dykes linking subvertical dipping dykes.

In May and June, 2022, the Alliance constructed a ten-man exploration camp and mobilized an excavator and diamond drill rig to the project site. To date in this exploration phase, the Alliance has completed further mapping, prospecting, trenching, and an additional 2392 m of drilling in 13 drill holes. The new drilling has targeted the East Dyke swarm, which is 600 m to 650 m to the east of the Kraken discovery dyke, intersecting multiple spodumene-bearing pegmatite dykes, over core lengths of up to 27 m while also gaining a better understanding of the geological setting of the dykes for future targeting.

The drill program is shut down for a scheduled crew break with drilling to recommence in two weeks. The Alliance will continue with regional exploration in the area including mapping, prospecting and soil geochemical sampling over this large and prospective area.

Sokoman's President and CEO Tim Froude, comments: "Drilling at Kraken's East Dyke Swarm has delivered multiple significant intersections of spodumene-rich pegmatite with multiple targets remaining to be tested. We will be completing a multidisciplinary program to further define drill targets at this rapidly-emerging lithium prospect. At Grey River, the large silica system is being tested by drilling that will continue for at least another month. The size of the system is impressive, and we hope to determine regional controls on the gold mineralization as we move forward with the program. We are proving again through this exploration that much of Newfoundland has been underexplored, and what is required is an aggressive approach to drilling, something that has been lacking in the past."

Benton's President and CEO Stephen Stares, states: "We are very pleased with our success rate thus far on both the Kraken and Grey River projects. While it is easier to assess success through the visual identification of spodumene in the Kraken drill core, we are also looking forward to receiving and analyzing the gold assays from the Grey River project. Our collective exploration teams are hoping that we are in the early days of Newfoundland's next wave of big mineral discoveries."

More than 700 core samples have been cut and submitted to the SGS Prep Lab in Grand Falls-Windsor and then shipped to SGS Lab in Burnaby, BC for Lithium and multi-element analysis.

Steve Stares, President and CEO of Benton Resources, with a section of spodumene dyke from GH-22-15

Spodumene (lithium) rich section of GH-22-15 - Kraken Prospect - Golden Hope Joint Venture

At the Grey River Gold Project, the Alliance is currently drilling hole GR-22-14, the ninth drill hole of a planned 15-20-hole, 2,000 m program designed to test the geometry at depth of units associated with anomalous gold on surface, as well as mineralized intercepts from the Phase 1 program. DDH GR-21-01 intersected three parallel gold zones including 1.80 m of 10.58 g/t Au (see November 25, 2021 press release). The gold mineralization is associated with zones of silica associated with disseminated and stringer pyrite (from 2% - 20% pyrite) in the >10-km-long quartz/silica body.

To date the Alliance has cut and submitted 400 core samples for analysis* at Eastern Analytical in Springdale, NL. Prospecting and mapping will be continued throughout the summer to assist with drill targeting.

Drill core from Grey River showing sulphide stringers cross-cutting the silica zone - GR-22-11

*All samples are shipped to Eastern Analytical Ltd., in Springdale, NL for Au (by fire assay) and 34 element ICP analysis. Any assay returning greater than 1 g/t Au (1 gram per tonne gold or 1000 ppb gold) will be re-assayed using metallics pulp methods. Blanks and standards are regularly inserted as part of the Alliances' joint sampling protocols, in addition to standards and duplicates inserted by Eastern Analytical Ltd. Eastern Analytical Ltd. is an ISO accredited lab.

This news release has been reviewed and approved by Timothy Froude, P.Geo., President and CEO of Sokoman Minerals Corp., and Stephen House, P.Geo., VP Exploration of Benton Resources Inc. Both are 'Qualified Persons' under National Instrument 43-101.

To ensure a working environment that protects the health and safety of the staff and contractors, Sokoman and Benton will continue to use best practices in the course of performing all work programs and will follow any future federally or provincially mandated or recommended COVID-19 guidelines.

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. The company's primary focus is its portfolio of gold projects: flagship, 100%-owned Moosehead, Crippleback Lake, and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland. The company has also entered into a strategic alliance (the Alliance) with Benton Resources Inc. through three large-scale joint-venture properties including Grey River Gold, Golden Hope and Kepenkeck on the island of Newfoundland. Sokoman now controls independently and through the Alliance over 150,000 hectares (>6,000 claims - 1,500 sq. km), making it one of the largest landholders in Newfoundland, Canada's newest and rapidly-emerging gold district. Sokoman also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to White Metal Resources Inc., and in Labrador, the company has a 100% interest in the Iron Horse (Fe) project that has Direct Shipping Ore (DSO) potential.

Benton Resources Inc. is a well-funded mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Following a project generation business model, Benton has a diversified, highly-prospective property portfolio in Gold, Silver, Nickel, Copper, and Platinum Group Elements, and most-recently Lithium assets, and currently holds large equity positions in other mining companies that are advancing high-quality assets. Whenever possible, BEX retains Net Smelter Return (NSR) royalties for potential long-term cash flow. Benton has also recently entered into a 50/50 strategic alliance with Sokoman Minerals Corp. (TSXV: SIC) through three large-scale joint-venture properties including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland that are now being explored.

For further information, please contact:

CHF Capital Markets Thomas Do, IR Manager Phone: 416-868-1079 x 232 Email:thomas@chfir.com

Sokoman Minerals Corp. Timothy Froude, P. Geo., President & CEO Phone: 709-765-1726 Email:tim@sokomanmineralscorp.com

Benton Resources Inc. Stephen Stares, President & CEO Phone: 807-475-7474 Email:sstares@bentonresources.ca

Website: www.bentonresources.ca, www.sokomanmineralscorp.com Twitter: @BentonResources, @SokomanMinerals Facebook: @BentonResourcesBEX, @SokomanMinerals LinkedIn: @BentonResources, @SokomanMinerals

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Alliance's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Alliance's prospects, properties and business detailed elsewhere in the Alliance's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Alliance does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Alliance's expectations or projections.

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1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") announces further to its news release of July 21, that it has closed the non-brokered private placement of flow-through common shares in the capital of the Company (the "F-T Shares") at $0.08 per F-T Share (the "Offering") by the issuance of 4,000,000 F-T Shares for gross proceeds of $320,000.

In connection with the closing of the Offering, the Company has paid cash finders' fees of $19,200.00, being 6 % of the aggregate proceeds from the sale of the F-T Shares to purchasers introduced by the finders and issued 240,000 non-transferable share purchase warrants (the "Finder's Warrants"), being 6 % of the number of F-T Shares sold under the Offering to purchasers introduced by the finders. Each Finder's Warrant entitles the holder thereof to purchase one common share in the capital of the Company (a "Share") at a price of $0.08 per Share until July 27, 2024. The securities issued under the Offering are subject to a four month and a day hold period ending on November 28, 2022.

About 1844 Resources Inc.: 1844 is an exploration company with a focus in strategic and energetic metals and underexplored regions "Gaspé, Chibougamau Québec". With a dedicated management team, the Company's goal is to create shareholder value through the discovery of new deposits.

(signed) "Sylvain Laberge"

Sylvain Laberge President and CEO 514.702.9841 Slaberge@1844 Resources.com

Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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Platinex Inc. (CSE: PTX) (Frankfurt: 9PX) ("Platinex" or the "Company") is pleased to provide an update on the W2 Copper-Nickel PGE (platinum group elements) project ("W2" or the "W2 Project"). The Company has recently completed go forward exploration plans at W2.

As part of the planning process, historical exploration and drilling data were analyzed, including 10,000 m of drilling by Aurora Platinum and Inco Limited, and airborne geophysical surveys by Aurora Platinum and Temex Resources. The Company has confirmed numerous drill targets, including step-outs within known areas of mineralization and new exploration targets in areas with no previous drilling. Dr. James Mungall, P. Geo., and Ike Osmani, P. Geo., advised management.

Exploration plans at W2 include:

At the centre of the property, a program of systematic step-out drilling will enable the Company to determine the continuity of mineralization and potentially expand historical resources as per the standards of NI 43-101. Currently, at least seven zones of significant Cu-Ni-PGE mineralization have been identified at wide spacing. For example, drill holes LH-01-05 and LH-01-06, which are located 4 km apart with no intervening drill holes, contain both wide sections of lower grade Copper Nickel Palladium Platinum mineralization and narrow sections of higher grade Cu-Ni-Pt-Pd mineralization. The historical drilling suggests a high level of continuity in the Cu-Ni-PGE mineralization.

Maxwell plate modelling of geophysical anomalies will be carried out to assist with selecting final drill hole locations and orientations.

Mineral exploration permit applications are ongoing in relation to the proposed work programs with drilling planned for the winter 2022/23 field season.

The W2 Project is a district-scale land package comprising 784 mining claims (823 cells) and covering over 16,000 hectares (160 km 2 ) at the southwestern extent of Ontario's Ring of Fire. W2 controls one of the major Oxford Stull Dome complexes, including the layered mafic-ultramafic Lansdowne House Igneous Complex ("LHIC") which is highly prospective for copper-nickel (Cu-Ni), platinum group element (PGE), and chromite deposits. Historical drilling along a 7.5 km folded corridor near the centre of the land package has identified widespread Cu-Ni-PGE mineralization across the widely spaced holes.

Overall, the system shows strong parallels with the nearby Ring of Fire Intrusive Suite (ROFIS), with which it may well be coeval. At the LHIC, there is an ultramafic body within an area spanning 7 x 4 km, associated with a similar volume of gabbroic rocks, and there is a nearby ferrodioritic to ferrogabbroic intrusion hosting massive titano-magnetite layers.

The Company continues a program of community engagement and information-sharing with First Nation communities in the vicinity of the project.

W2 Advisory Board and Management Appointment

A W2 Advisory Board has been formed by the Company and appointment of a Director of Operations and Community Relations. The W2 Advisory Board will advise and assist management as the W2 project moves forward. Three professionals with substantial industry and project-related experience, including Dr. Mungall, and Mr. Osmani have been appointed to the advisory board.

Dr James Mungall is an expert specializing in magmatic sulfide and chromite deposits and spent time as Chief Geologist for Noront Resources during the discovery and definition of their Ring of Fire deposit group. He received his BSc in Geology from the University of Waterloo and completed his MSc and PhD in igneous petrology at McGill University. He completed two years of postdoctoral research (in igneous petrology) at the Bayerisches Geoinstitut, followed by nearly three years of consulting in Quebec before joining the University of Toronto. He is now a Professor of Earth Sciences at Carleton University, where he teaches Mineral Deposits.

Ike Osmani has 35 years' experience in field-based mineral exploration as well as resource development and research encompassing geological mapping, geophysical data interpretation, diamond drill program supervision, core logging, field project planning and supervision, and preparation of NI 43-101 technical reports as a Qualified Person ("QP"). Mr. Osmani was the Principal Consultant for Aurora Platinum, who oversaw exploration and drilling at what was then called the Lansdowne House Project, now W2, in the early 2000s.

Mackenzie Potter holds extensive technical and managerial experience, having previously driven environmental, community relationships, and sustainability efforts for Treasury Metals, and has 10+ years of experience in northwestern Ontario securing meaningful dialogue with regional Indigenous communities. Mr. Potter currently holds a role at the Nuclear Waste Management Organization, advancing partnership dialogue in northwestern Ontario in support of the Adaptive Phased Management process and Canada's plan for the long-term management of used nuclear fuel.

Additionally, Platinex has appointed Robin Webster as Director of Operations and Community Relations for the Company. The appointment expands his responsibilities from his current role managing the W2 Project. Robin has a strong track record in Northwestern Ontario in exploration and community development work and was previously the CEO of Goldeye Explorations Limited.

Annual General and Special Meeting of Shareholders

Platinex's Annual General and Special Meeting ("AGSM") of shareholders was held in Toronto, Ontario on July 13, 2022. At the AGSM, 65,222,477 shares were voted, representing 32.04% of the outstanding shares and all resolutions passed with at least 99.47% approval. The following resolutions voted on an individual basis included appointing the following directors: Greg Ferron, James R. Trusler, Felix Lee, Christophe Vereecke, and Sam Kiri. The other resolutions included the appointment of auditors and share consolidation (up to 4:1). The Company contemplates completing the consolidation of shares only as part of a shareholder value-enhancing transaction.

The Company has granted 1,800,000 stock options to members of the new W2 technical advisory committee and three Consultants. The stock options shall be granted at a strike price of $0.05 for a period of three (3) years with standard vesting provisions. In addition, the Company cancelled 3,300,000 outstanding stock options to former advisors and consultants of the Company. Further, the Company notes that 16,852,133 common share purchase warrants expired on July 15, 2022.

The Company has commenced exploration activities at Shining Tree. More detailed information will be provided in a separate project update shortly.

The technical information presented in this news release has been reviewed and approved by Ike Osmani, P. Geo, a consulting geologist of the Company and a qualified person for exploration at the W2 project, as defined by National Instrument 43-101, Standards for Disclosure for Mineral Projects.

About Platinex Inc.: Platinex creates shareholder value through the opportunistic acquisition and advancement of high-quality projects in prolific Ontario mining camps. Current assets include a 100% ownership interest in the 160 km 2 district scale W2 Copper-Nickel-PGE Project in the Ring of Fire and a 100% interest in the 225 km 2 Shining Tree Gold Project in the Abitibi region of Ontario, a world-renowned gold district. The W2 Project controls one of the major Oxford Stull Dome complexes. The Shining Tree Project covers a major portion of the Ridout-Tyrrell deformation zone that trends as far west as Newmont's Borden Mine, through the area of IAMGOLD's Cote Gold deposit, and across Aris Gold's Juby Project. The Company is also developing a net smelter return (NSR) royalty portfolio and currently holds royalties on gold, PGE, and base metal properties in Ontario.

For further information please contact. Mr. Greg Ferron, Chief Executive Officer at 416-270-5042 or via email at: gferron@platinex.com

To receive Company press releases, please sign up on the website www.Platinex.com.

This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include those related to the timing and nature of exploration activities at the Company's W2 Project. There is no certainty that any of these events will occur. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances, except as required by applicable securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any province in which such offer, solicitation or sale would be unlawful. The securities issued, or to be issued, under the Private Placement have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

The Canadian Securities Exchange has not approved nor disapproved the contents of this press release.

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Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL)(FSE:XZ7) announces additional results of 2021 surface field work on its Muskwa Copper Project. See Figure 1 below

Figure 1 - General Property Location

The Muskwa Project is comprised of the Neil Property, the Toro Property and the Bronson Property located in northern British Columbia. See Figure 2 below.

Peter Hawley, President, CEO reports, "The Bronson property comprises 4 mineral tenures covering approximately 2,524.6 hectares and to date we have reported on the Book 6 UAV drone mission and related surface sampling and geophysical survey, plus property wide structural survey and ASTER compilation. In addition, we have reported on the Book 9 and 10 which may be the southern extent of the Book 6, the sampling on the 428 central and now the results of the 428 South copper occurrence, which may be the southern extension of the 428 Central. See Figure 3 below."

Figure 3 - Bronson Property, 428 South Location

A total of fourteen rock samples were collected on August 25, 2021 at the 428 Occurrence and the slopes hosting the veining and an east trending valley to the south were prospected.

An exposure of quartz-carbonate veining was discovered in a ravine trending southward into the valley, 1.65 kilometers along strike south from the southernmost exposure of the 428 Central Occurrence, (see previous release dated July 20, 2022).

The vein strikes 024 degrees and dips 85 degrees west, is exposed along ~20 meters and contains trace to 1% chalcopyrite. Two chip samples were collected at elevations between 1,549 and 1,726 meters, with sample D-723476 assaying 0.77% copper across 0.30 meters, see Photo 1 and Table 1 below.

Photo 1 - Bronson Property, 428 South Chip Sample 0.77% Cu / 0.30 meters

Chip sample D-723478 contained a higher copper content of 1.04% across 0.50 meters, see Photo 2 and Table 1 below.

Photo 2 - Bronson Property, 428 South Chip Sample 1.04% copper / 0.50 meters

The 2 grab samples (D-723486 & 489) taken of the vein had 0 to trace amounts of chalcopyrite and low copper assays of 0.001 & 0.01%, respectively. At lower elevations of 1,623 & 1,650 meters, in a parallel trending ravine, 200 meters to the east, 2 quartz-carbonate float samples (D-723487 & 488) were collected. Chalcopyrite content was 1% and the samples contained 1.58 and 0.81% copper, See Table 1 below.

Approximately, 350 meters south of the exposure sampled on the slope, 8 float samples (D-723474, 479 and 480-485) were collected in the east trending valley, at elevations of 1,539 to 1549 meters.

Mineralization of up to 40% sulphides was observed in these samples. Three samples (D-723481, 484 and 485)contained over 1% Cu, with samples D-723481, 484 and 485 assayed 5.22, 2.51 and 1.58%, respectively. The remaining 5 samples had a copper content between 0.51 and 0.93%, see Table 1 below.

Table 1 - Bronson Property 428 South Copper Occurrence Samples

All samples taken were photographic and a GPS location taken, plus a metal sample tag left in place for future reference if required. All this data plus the assay results were geotagged and placed in a .kml /.kmz file for use such as google earth for easy reference. See Photo 3 below.

Photo 3 - Bronson Property, 428 Central Geotagged data

Analytical results of sampling reported by Fabled Copper Corp represent rock samples submitted by Fabled Copper Corp staff directly to ALS Chemex, Vancouver, British Columbia Canada. Samples were crushed, split, and pulverized as per ALS Chemex method PREP-31, then analyzed for ME-ICP61 33 element package by four acid digestion with ICP-AES Finish. ME-GRA21 method for Au and Ag by fire assay and gravimetric finish, 30g nominal sample weight.

For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:

Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample.

Ag-GRA21 Ag by fire assay and gravimetric finish.

Fabled Copper Corp. monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.

Fabled Copper is a junior mining exploration company. Its current focus is to creating value for stakeholders through the exploration and development of its existing copper properties located in northern British Columbia. The Muskwa Project comprises a total of 76 claims in two non-contiguous blocks and totals approximately 8,064.9 hectares, located in the Liard Mining Division in northern British Columbia.

Mr. Peter J. Hawley, President and C.E.O.

Fabled Copper Corp. Phone: (819) 316-0919 peter@fabledcopper.org

For further information please contact:

The technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

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FPX Nickel Corp. (TSX-V: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to present key results from Phase 2 and initial results from Phase 3 of an ongoing three-phase metallurgical test program to support the continued development of the Company's Baptiste Nickel Project ("Baptiste" or the "Project") at the Decar Nickel District in central British Columbia . This release builds on results of Phase 1 metallurgical testing as released on December 8, 2021 . The overall metallurgical test program is aimed at validating and optimizing the flowsheet parameters outlined in the Project's 2020 Preliminary Economic Assessment (" PEA "), and to support the development of the next phase of study.

"The strong results of our ongoing three-phase metallurgical testwork program continue to demonstrate the technical viability of the Baptiste Nickel Project," commented Andrew Osterloh , FPX Nickel's Vice-President, Projects. "Our team continues to build a robust database that not only validates key PEA criteria, but also demonstrates that Baptiste's DTR-based resource provides heightened confidence in the Project's life-of-mine grade and recovery projections. Testwork is demonstrating that the advantages of Baptiste's minerology are not only centred on the production of very high-grade concentrates, but also on the potential to use a simple flowsheet with conventional unit operations, underpinned with improved production confidence."

The Company has completed approximately 70% of a three-phase metallurgical test program aimed at validating and optimizing the flowsheet parameters outlined in the PEA and to support continued development of the Project. Phase 2 of the program had the following key objectives:

Figure 1 shows the Baptiste nickel recovery flowsheet as presented in the PEA. Highlighted within this figure are the unit operations which are the focus of each respective testwork phase.

Phase 2 of the metallurgical testwork campaign was overseen by Jeffrey B. Austin , P.Eng., President of International Metallurgical and Environmental Inc. Table 1 presents a summary of the Phase 2 testwork program, including general scope assignment by laboratory.

Table 1 – Phase 2 Metallurgical Test Program Scope Assignments

The objective of the mineralogy variability testwork was to improve the understanding of nickel speciation at Baptiste and to provide insight into the relationship between awaruite grain size and DTR nickel. Detailed mineralogy was conducted on six mine phase composites samples representing the 35-year mine life envisioned in the PEA, as well as other composites from key historical testwork campaigns.

A key outcome of the testwork was finding that nickel mineralization at Baptiste is present only as awaruite (Ni 3 Fe) or nickel sulphide minerals. This supersedes a historic understanding that indicated approximately 10% of nickel was present as solid solution within silicates. The more detailed mineralogical work involved more exhaustive scanning microprobe analysis using QEMSCAN tools and longer scanning durations, confirming that previously reported solid solution nickel is actually very fine awaruite contained within a silicate matrix.

The mineralogical analysis indicated that awaruite accounts for 85-92% of total nickel content across the six mine phase composite samples. The balance of the nickel mineralization (8-15%) occurs as nickel sulphide minerals, most notably heazlewoodite and pentlandite. This confirms that awaruite is the dominant nickel mineralization across the Baptiste deposit, and that this mineral occurrence is relatively homogenous across all mine phases. The high content of awaruite, and the processing advantages associated with this style of mineralization, is the result of the virtual lack of sulphur in the host rock at the time of alteration.

Assay analysis of the composites indicated a range of 0.20-0.25% total nickel, with 50-70% of the total nickel reporting as DTR nickel. Comparing these assay results with the mineralogical results indicated the difference between DTR nickel (50-70% of total nickel) and awaruite speciation (85-92% of total nickel) correlates strongly with the percentage of very fine awaruite (less than 5 microns). This result was expected as the DTR test is essentially a metallurgical test to identify the proportion of awaruite of sufficient grain-size to be collected by magnetic separation.

The strong correlation between DTR nickel and awaruite grain size is shown in Figure 2. It is noteworthy that the PEA's starter pit ("PEA Testwork" and "Mine Phase 1AB" datapoints) has the lowest proportion of fine awaruite within the resource, which aligns with the higher DTR nickel grades during the early years of operation. This provides confidence in the selection of the Baptiste starter pit location, which provides increased nickel production in the early years of operation due to the generally coarser, more readily recoverable awaruite.

In addition to improving the understanding of the Baptiste mineralogy, these results also demonstrate the value of using the DTR assay method as a geometallurgical tool. Very fine awaruite and nickel sulphides are not captured in the DTR test, nor are they currently targeted for recovery in the PEA flowsheet (though both represent future recovery opportunities). This finding helps validate that the DTR nickel grade filters a significant portion of metallurgical variability from the Baptiste resource. As such, projected metallurgical recoveries on a DTR nickel basis will be significantly less variable than recoveries on a total nickel basis, thereby increasing the confidence in the basis of the Baptiste resource and the associated recovery projections.

As reported in the summary of the Phase 1 metallurgy testwork campaign (see the Company's December 8, 2021 news release), magnetic concentrate (principally containing awaruite and magnetite) was produced from pilot testing material approximately representative of the Baptiste resource. This pilot plant utilized closed circuit grinding with cyclone classification which, as planned, resulted in preferential grinding of the dense awaruite particles. While this preferential grinding tangibly lowered magnetic separation tailings grades, it also resulted in the significant hold-up of awaruite within the grinding circuit, resulting in a lower-than-expected flotation feed grade (2.2% observed versus 2.6-2.7% expected).

Batch and locked-cycle flotation testwork has demonstrated the ability to produce high-grade flotation concentrates, routinely exceeding 60% nickel, with select tests achieving grades of up to 68% nickel, despite the lower flotation feed grade. These high-grade concentrates are possible due to high nickel tenor in awaruite (Ni 3 Fe).

Metallurgical recoveries in optimized open circuit roughing tests yielded nickel recoveries of up to 91%, while locked cycle testing yielded nickel recoveries of 87% to the cleaner concentrate with nickel concentrate grades ranging from 60 to 66%. Flotation conditions were largely comparable to historic metallurgical testwork, validating the PEA flotation conditions.

While recovery values are less than the PEA flotation stage recovery criteria of 94%, the current SGS flotation results were impacted by the lower feed grade owing to the hold-up of nickel in the pilot plant grinding circuit. As comparable flotation tailings grades were observed across the current and historic flotation programs, and previous testwork indicated that coarse, liberated awaruite is readily recoverable in flotation, it is anticipated recovery estimates would increase if the flotation feed material was more representative.

In addition to affirming the PEA flotation reagent regime, Phase 2 testing included an alternative flotation regime targeting higher flotation slurry pH conditions, therefore requiring reduced acid addition rates. Optimized bench tests under the alternative flotation regime showed positive results with near identical recoveries and concentrate grades, but with a 25% decrease in acid consumption, thereby indicating a potential for reducing flotation operating costs versus the 2020 PEA.

Given the results described above, the scope and duration of Phase 2 testwork has been extended to pursue opportunities to further improve the flotation regime and overall results; results of this expanded portion of the Phase 2 testwork program are anticipated in the fourth quarter of 2022.

Building on the results of Phase 1 piloting, Phase 3 of the metallurgical testwork campaign includes larger-scale pilot processing, with the intent to both optimize the PEA flowsheet and to produce a significant quantity of high-grade awaruite concentrate for hydrometallurgical testwork. The pilot testwork is being conducted at Corem in Quebec City . Progress to date includes bench- and pilot-scale testing of the primary grind/magnetic separation and regrind/magnetic separation unit operations. Key initial findings of Phase 3 pilot testing are presented below, and the full results are expected to be released in the fourth quarter of 2022.

As noted above and previously released by the Company, the initial pilot-scale testing in Phase 1 indicated potential DTR nickel recoveries up to 5% higher than those observed in previous bench-scale testing, owing to the preferential grinding of the deposit's dense awaruite nickel mineralization using cyclone classification. However, due to the feed rate and duration of this Phase 1 initial piloting, substantial hold-up of nickel (estimated 20-40%) was witnessed within the grinding circuit. As such, this led the Company to undertake larger-scale piloting, utilizing higher feed rates and longer operating duration in order to reach steady state operation.

The Phase 3 primary grind and magnetic separation campaign processed a total of 16 tonnes of feed material over a cumulative duration of 80 hours (as compared to Phase 1 piloting which processed 3.6 tonnes over a cumulative duration of 23 hours). Similar to Phase 1 piloting, Phase 3 piloting saw significant hold-up of dense awaruite, and it took an estimated 11 tonnes of material over a cumulative period of 54 hours to reach steady state operation, indicated by equivalent DTR nickel grades in the fresh mill feed and the cyclone overflow.

At steady state, the DTR nickel recirculating load was approximately 700%, compared to the overall mill recirculating load of 300%. Once steady-state conditions were reached, a clear preferential grinding benefit of dense awaruite particles in closed circuit grinding was observed with a 5% DTR nickel recovery increase relative to open circuit grinding on the same sample. Consistent with the results of the Phase 1 program, these new results continue to indicate the potential to achieve nickel recoveries up to 5% higher than the 90% DTR nickel primary magnetic separation stage recovery assumed in the 2020 PEA. Better liberation seen in the pilot plant work, due to cyclone classification, is also contributing to a reduction in the mass recovery during magnetic separation at comparable or better nickel recoveries.

As a further optimization opportunity, additional pilot plant trials with modestly increased magnetic separation field strength demonstrated that a further 1-4% nickel recovery could be realized with a relatively low increase in mass recovery. Further testing and evaluation of varying magnetic intensities is planned during the remainder of the Phase 3 program. Complete results will be presented when the pilot campaign is complete.

In addition to the results described above, remaining aspects of the Phase 3 testwork program include the following:

The metallurgical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 Standards of Disclosures for Minerals Projects of the Canadian Securities Administrators ("NI 43-101") and supervised, reviewed, and verified by Jeffrey B. Austin , P.Eng., President of International Metallurgical and Environmental Inc., a "Qualified Person" as defined by NI 43-101 and the person who oversees metallurgical developments for FPX Nickel.

The Company's Decar Nickel District claims cover 245 km 2 of the Mount Sidney Williams ultramafic/ophiolite complex, 90 km northwest of Fort St. James in central British Columbia . The district is a two-hour drive from Fort St. James on a high-speed logging road.

Decar hosts a greenfield discovery of nickel mineralization in the form of a naturally occurring nickel-iron alloy called awaruite (Ni 3 Fe), which is amenable to bulk-tonnage, open-pit mining. Awaruite mineralization has been identified in four target areas within this ophiolite complex, being the Baptiste Deposit, and the B, Sid and Van targets, as confirmed by drilling, petrographic examination, electron probe analyses and outcrop sampling on all four targets. Since 2010, approximately US $28 million has been spent on the exploration and development of Decar.

Of the four targets in the Decar Nickel District, the Baptiste Deposit, which was initially the most accessible and had the biggest known surface footprint, has been the focus of diamond drilling since 2010, with a total of 99 holes and 33,700 m of drilling completed. The Sid target was tested with two holes in 2010 and the B target had a single hole drilled in 2011; all three holes intersected nickel-iron alloy mineralization over wide intervals with DTR nickel grades comparable to the Baptiste Deposit. In 2021, the Company executed a maiden drilling program at Van, which has returned promising results comparable with the strongest results at Baptiste.

On behalf of FPX Nickel Corp. "Martin Turenne" Martin Turenne , President, CEO and Director

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2022/27/c4374.html

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