Abitibi Metals Corp. announced results from the 13,500 metre maiden drill program at the B26 Polymetallic Deposit completed under the first phase of a fully funded 30,000-metre 2024 field season. Abitibi Metals is fully-funded with $18.5 million to complete the remaining 16,500 metres planned for the 2024 work program and an additional 20,000 metres in 2025 which will be incorporated into a Preliminary Economic Assessment to complete the option.

On November 16th, 2023, the Company entered into an option agreement on the B26 Deposit to earn 80% over 7 years from SOQUEM Inc. The Satellite West Zone is located approximately 500 metres west of the western margin of the B26 Main Deposit. According to the Company's evaluation, the thick accumulation of siliceous material reaching 100 metres in width is related to strong VMS activity and is a proximity indicator for a copper-gold mineralized system similar to B26. The best interval received from drillhole 1274-24-336, 1.35% CuEq over 19.75 metres beginning at 216.2 metres, confirmed a visual chalcopyrite stringer cut close to true thickness by cross-cutting historical holes drilled with a different orientation.

Holes 1274-24-333 to 1274-24-335 and 1274-24-337 tested the felsic complex on section at a regular 50 metres spacing northwards. Results obtained at the northern margin of the known system include 0.5% CuEq over 4.5 metres (#333), 0.95% CuEq over 3 metres (#334), and 3.32% CuEq over 1.95 metres (#334) and are part of extensive copper enrichment halos hosted in tuffaceous host rock open northwards. Additional data integration and geophysics work will be required to evaluate the potential of the area and see if the system extends further to the west and northwest.

The core logging program is run by Explo-Logik in Val d'Or, Quebec. The drill core was split with half, sent to AGAT Laboratories Ltd., and prepared in Val d'Or, Quebec. All samples are processed by fire assays on 50 gr with atomic absorption finish and by ?four acids digestion?

with ICP-OES finish, respectively, for gold and base metals. Samples returning a gold grade above 3 g/t are reprocessed by metallic screening with a cut at 106 µm. Material treated is split and assayed by fire assay with ICP-OES finish to extinction. A separate split is taken to assay separately mineralized intervals with target grades above 0.5% Cu using Na2O2 fusion and ICP-OES or ICP-MS finish.

Samples preparation duplicates, varied standards, and blanks are inserted into the sample stream. In the 2018 resource estimate, SGS recommended the QAQC protocol to explain the replicability for the four metals (Au-Cu-Ag-Zn). The Company has set up for this program a series of assaying protocols with the objective to control QAQC issues from the beginning of the project.

As a result, samples are crushed finer with 95% of particles passing 1.7 mm and a large split of 1 kg is pulverized down to 106 µm (150 mesh). Other measures put in place include the automatic re-assaying of gold results above 3 g/t by metallic screening and the use of sodium peroxide fusion in mineralized intervals interval corresponding to a target grade above 0.5% Cu.