Canadian Metals Announces ROCK Sampling Results from Nicolas Denys Project

Canadian Metals Inc. CSE: CME

CANADIAN METALS ANNOUNCES ROCK SAMPLING RESULTS

FROM NICOLAS DENYS PROJECT

August 10, 2021, Montréal, Québec. - Canadian Metals Inc. (“ CME” or the “ Corporation”)

(CSE: CME) is pleased to report results of surface prospecting over the Ann’s Creek block which

is part of the overall Nicolas-Denys property, covering over 12’000 ha. The project is located in

north-eastern New Brunswick, approximately 25 km northeast of the City of Bathurst and contains

117 claims units for a total surface of 2340 hectares, Figure 1. Results highlight the presence of

high-grade silver, gold, lead and zinc mineralization in grab samples from outcrops.

Figure 1. Map of claim blocks comprising the Ann’s Creek block and the historic mineral

occurrences.

The project is in north-eastern New Brunswick, in the Bathurst Mining Camp. The property is

easily accessible by road from the town of Bathurst , a full-service community which provides

infrastructure and skilled manpower for exploration campaigns.

The total historic production tonnage from the neighbouring Nigadoo mine has been reported as

2,049,843 tons grading 0.28% Cu, 2.39% Pb, 2.50% Zn and 106.87 g/t Ag. The Project is in the

Canadian Appalachians and is crosscut by the Rocky Brook -Millstream Fault that represent a

major regional -scale structur e, transversing the entire property. The mineralization consists of

massive to disseminated sulphides in or near carbonate-rich veins, fractures and lenses or gossans

that cut sheared and brecciated sediments and thin seams of pyrrhotite and pyrite with disseminated

sphalerite and galena.

In the summer of 2020, the former owner’s team conducted a sampling program on the Hache y,

Dante and Henry zones. A total of 43 samples were collected. These samples were sent to the

AGAT laboratory in Toronto for analysis. Most samples had high values in gold, silver, zinc, and

lead including the highest value for: gold (Au) 90.8 g/t, silver (Ag) 3590 g/t, zinc (Zn) 27% and

lead (Pb) 80.6%.

Table 1: Prospecting results from Ann’s Creek work program

HACHEY ZONE

Sample Au g/t Ag g/t Pb % Zn % UTM E UTM N AgEq/gr*

HZ-20-1 3.12 142 0.6 3.4 281097 5283839 508

HZ-20-2 0.96 782 5 10.1 281111 5283835 1368

HZ-20-3 3.86 580 3.6 5.3 281105 5283839 1158

HZ-20-4 7.26 1900 14.5 10 281099 5283831 3217

HZ-20-5 1.59 314 2.4 5.8 281096 5283833 711

HZ-20-6 4.42 1580 4.9 10.4 281090 5283831 2423

HZ-20-7 1.05 102 0.4 3.2 281088 5283818 306

HZ-20-8 1.81 596 4.8 3 281082 5283815 978

HZ-20-9 5.44 567 2.7 13 281082 5283825 1513

HZ-20-10 0.14 15 0.15 0.11 281077 5283830 34

HZ-20-11 0.43 88 1.5 0.39 281070 5283816 178

HZ-20-12 0.85 237 6.3 11.4 281051 5283814 901

HZ-20-13 1.37 404 1.6 0.37 281077 5283813 564

HZ-20-14 0.7 367 1.3 4.93 281094 5283825 636

HZ-20-15 9.71 3590 20.3 21.4 281114 5283839 5671

HZ-20-16 1.78 137 4.1 5.8 281043 5283807 598

HZ-20-17 0.98 42 0.25 4.2 281069 5283825 266

HZ-20-18 1.91 80 0.11 0.42 281088 5283836 222

HZ-20-19 1.98 26 0.046 1.2 281148 5283854 214

HZ-20-20 0.33 41 0.14 0.74 281139 5283865 96

HZ-20-21 1.61 111 0.46 0.42 281141 5283858 256

Average 1038

HENRY EAST ZONE

Sample Au g/t Ag g/t Pb % Zn % UTM

East

UTM

North AgEq/gr*

HE-20-1 10.3 722 13.8 4 279279 5283323 2018

HE-20-2 24.7 627 12.6 12.2 279301 5283331 3224

HE-20-3 18 773 16.2 11.3 279309 5283335 2961

HE-20-4 5.76 646 13.9 8.1 279325 5283339 1768

HE-20-5 12.2 93 1.9 2.5 279342 5283344 1119

HE-20-6 90.8 1420 30 5.6 279473 5283384 9050

HE-20-7 4.4 494 9.2 4.7 279360 5283345 1255

HE-20-8 38.3 752 13.7 5.9 279208 5283302 4131

Average 3191

DANTE WEST ZONE

Sample Au g/t Ag g/t Pb % Zn % UTM

East

UTM

North AgEq/gr*

DW-20-1 0.05 145 6.4 24 279450 5283904 1214

DW-20-2 0.94 1670 80.6 0.7 279529 5283898 4151

DW-20-3 2.02 55 10 27 279580 5283903 1481

DW-20-4 0.28 70 18 5.3 279584 5283886 817

DW-20-5 2.7 78 2 14 279585 5283894 842

DW-20-6 0.41 21 0.8 0.8 279588 5283888 103

DW-20-7 0.68 1350 67 2.4 279580 5283899 3471

DW-20-8 6.25 156 2.3 5.7 279584 5283891 882

DW-20-9 1.35 409 17 14 279553 5283908 1520

Average 1609

DANTE EAST ZONE

Sample Au g/t Ag g/t Pb % Zn % UTM

East

UTM

North AgEq/gr*

DE-20-1 0.008 19 1.3 1.3 279766 5283964 105

DE-20-2 0.028 63 0.9 0.3 279770 5283960 103

DE-20-3 0.008 37 0.3 0.4 279762 5283969 61

DE-20-4 0.091 634 33 4.8 279761 5283974 1787

DE-20-5 0.034 173 9.5 4.8 279759 5283980 632

Average 538

* Assumptions used in USD for the silver equivalent calculation were metal prices of $25.00/oz Ag, $1800/oz Au, $1.08/lb Pb and

$1.30 Zn and recovery is assumed to be 100% as no metallurgical test data is available.

Samples collected on Henry East give results with high grade gold values, which had not been

recorded in the past. Eight rocks were analysed , six of them give results of more than 10 g/t Au

and up to 600g/t Ag, of which 4 of these massive sulphide rocks give gold values of 90 g/t, 38 g/t,

24 g/t, 18 g/t plus more than 600 g/t Ag for an average AgEq of 3,19 kg AgEq.

For the Hachey area, 21 rocks were analysed. Fifteen of these rocks give values of more than 100

g/t Ag, including 3590 g/t Ag, 1900 g/t Ag, 1580 g/t Ag, 782 g/t Ag, 596 g/t Ag, 580 g/t Ag, 567

g/t Ag, 400 g/t Ag, 367 g/t Ag, 314 g/t Ag, 237 g/t Ag, 142 g/t Ag, 137 g/t Ag, 102 g/t Ag and 111

g/t Ag. Hachey area also reported gold results of more than 1 g/t Au on more than 12 rock s,

including values of up to 9.71 g/t Au, 7.28 g/t Au and 5.44 g/t Au plus high silver content of up to

359 g/t for an average AgEq of over 1kg/t Ag

On the Dante East area, five rocks were collected over a width of 24 metres. Two of these rocks

give values of 173 g/t Ag and 634 g/t Ag and more than 33% Pb for an average AgEq of 538 g/t.

On Dante West nine rocks were collected, five of which give results of mor e than 100 g/t Ag,

including 1670 g/t Ag, 1350 g/t Ag, 409 g/t Ag, 156 g/t Ag and 145 g/t Ag. Four of these rocks

also give results of more than 1 g/t Au, including 6.25 g/t Au, 2.70 g/t Au, 2.02 g/t Au and 1.35 g/t

Au. Very high lead values have also been detected in these rocks of up to 80% Pb for an average

AgEq of 1609g/t.

Mr. Stéphane Leblanc, President & CEO comments: “From historic data on the property, we knew

about the high -grade mineral potential within the Nicolas -Denys project. Anyhow, t he present

sampling program on Ann's Creek was a great success and demonstrates the high-grade mineral

potential of the property”.

The technical contents of this press release were approved by George Yordanov, professional

geologist, an Independent Qualified Person as defined by National Instrument 43-101.

About Canadian Metals Inc.

Canadian Metals is a diversified resource company focused on creating shareholder value through the

development of large-scale mineral deposits in specific commodities and safe jurisdictions.

For more information, please contact:

Stéphane Leblanc

President and CEO

Website: www.canadianmetalsinc.com

Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this

release.

The statements in this news release that are not historical facts are "forward -looking statements". Readers are

cautioned that any such statements are not guarantees of future performance, and that actual developments or results

may vary materially from those described in such "forward-looking" statements.