CMC Metals Ltd. announced that the Company has completed a detailed review of over 4 decades of historical and recent exploration data on its Silverknife Property that has resulted in the identification of four large zones with significant exploration potential. The review was completed by CMC's Project Geologist Cesar Symonds along with Company President and Chief Geoscientist, Kevin Brewer. The Silverknife Property is located immediately west of Coeur Mining Inc. very high-grade silver-lead-zinc-critical minerals carbonate replacement deposit (i.e the "Silvertip mine") located in the emerging Rancheria Silver District in north-central British Columbia.

Silverknife is located along one of the potential "spokes" or structural corridors. Other positive aspects of Silverknife include the presence of the host rock to Silvertip, the McDame limestone, found in outcrops in both the northernmost and southernmost portions of the Silverknife property, positive geochemistry, and a non-compliant historic resource with reported high grades in drill intersections at Silverknife Prospect. Limited mapping and exploration activity of these areas has been conducted to date by previous explorationists and CMC.

Required work will include, but may not be limited to, geochemical sampling, detailed geological/structural mapping, and ground geophysics. These techniques will serve to target possible faults which are prime areas for mineralization and/or the presence of sulfides with the expected result to be numerous drill targets. CMC has highlighted four target zones on the property, all of which require considerable exploration to truly evaluate their potential.

These are detailed in the following sections. Tootsee North: Interest in this zone stems from The defined presence of McDame Limestone in outcrops; A large coincident gravity-conductivity anomaly; Proximity to the Cassiar intrusive - a potential heat source to enhance the movement of mineralizing fluids into the overlying McDame limestone; likely presence of faults which present possible conduits for fluid movements. Work required in this area includes the completion of road access, grid establishment and line cutting, Induced Polarization, VLF and possibly CSMAT geophysical studies, trenching (if possible), and geochemical sampling to pinpoint drill targets.

Central Zone: interest in this zone stems from: A large and strong EM conductivity anomaly that is oriented northeastwards and extends across the entire property from the western boundary to the eastern boundary; Significant and areally large silver, lead and zinc geochemical anomalies within incised valleys that to date have no identified source. Silverknife South: Interest in this zone stem from: Complex fault structures with multiple orientations cutting through McDame and Tapioca Group sediments present possible conduits for mineralization; identified outcrops of McDame limestone; Hydrothermal and iron oxide alteration zones; Large dyke complex; Immediately north of Coeur's This is one of the least known areas of the property to date. It requires detailed geological/structural mapping and possible IP, VLF and CSMAT geophysical surveys to pinpoint drill targets.

Silverknife Prospect: Interest in this zone stems From: identified high grade silver-lead-zinc drill intersections in historical drilling; Evidence of faulting presenting possible conduits for mineralization, with recently defined fault structures from the 2023 drilling campaign; Known targets yet to be drilled as the 2023 drill program was limited to approximately 1,400 meters of drilling which is a small program; Geochemical anomalies; A conductivity anomaly identified from the airborne survey; Proximity to the Cassiar intrusive - a potential heat sources to enhance the movement of mineralized fluids into the local sediments; Drill modelling showing that further potential for expansion of a historical resource remains open along strike and at depth. Despite minimal success in the 2023 drilling in this area, only a small area of the Silverknife Prospect was covered and opportunities remain to expand non 43-101 compliant historical resources in this area. Further proposed work includes possible IP, VLF and CSMAT geophysical surveys to pinpoint drill targets.