Cullinan Metals Corp. Announces Successful Completion of Ground Exploration Program at LDI Graphite Mine
(CSE: CMT) (OTCQB: CMTNF) (FWB: 7KO)
604-669-9788 [email protected] cullinanmetals.com
Cullinan Metals Identifies Graphite Mineralization in the Extension of
LDI Graphite Mine in Québec
Vancouver, B.C., December 11, 2023 – Cullinan Metals Corp. (CSE: CMT)(OTCQB: CMTNF) (FWB: 7KO)
("Cullinan" or the “ Company”) is pleased to announce that it has successfully completed a ground
exploration program at its Lac-des-Îles West Graphite Property (the “Property”) in Quebec, Canada. Focus
of the program was a follow up ground checking of the two of the most promising airborne geophysical
targets, T1 and T2, identified immediately to the north of the Lac des Îles graphite mine (“LDI”), which is
currently owned by Northern Graphite Corp. (TSX-V: NGC) (see Figure 1 below).
Highlights
• The program successfully iden�fied graphite mineraliza�on with geological similari�es to LDI,
showcasing graphite content typically ranging from 1 -15% Cg, with occasional thin veins of
massive graphite.
• Trenching and overburden stripping work was also conducted on both conductors T1 and T2 which
uncovered graphite mineraliza�on, a part of which was extended to the edge of the Property on
the adjacent LDI mine.
• During the present field inves�ga�ons, a total of 60 rock samples were collected from the Property
and have been sent to an independent accredited laboratory, “ACTLABS” in Ancaster Ontario, for
assaying.
• Access nego�a�ons with surface landowners were successfully completed providing the necessary
access for explora�on work on the iden�fied targets.
• The program laid the groundwork for planning drill holes in the next phase of explora�on, aimed
at verifying the con�nuity of large flake surface graphite mineraliza�on at depth and along strike.
Target areas T1 and T2 boast dimensions of 500 m in the e ast-west direc�on and over 1,000 m
long in the north-south direc�on.
Mr. Marc Morin, CEO of Cullinan Metals Corp., expressed his enthusiasm for the recent developments,
s t a � n g , " T h e p o s i � v e o u t c o m e s f r o m o u r L a c-des-Îles West explora�on program mark a significant
milestone for Cullinan Metals. Iden�fying graphite mineraliza�on with similari�es to the exis�ng LDI mine
underscores the poten�al of our property and posi�ons us strategically in the growing graphite market.
We are par�cularly encouraged by the successful nego�a�ons with landowners, allowing us to proce ed
with our explora�on plans. The forthcoming assay results from the rock samples and the planned drill
holes in the next phase will be crucial in advancing our understanding of the Property's graphite poten�al.
This is an exci�ng �me for Cullinan, and we look forward to building on these achievements as we con�nue
to unlock the value of our assets."
2
Figure 1: Airborne geophysical survey map showing graphite exploration targets including T1 and T2.
3
Photo of individual flake size (2023 fieldwork photo)
Photo: Graphite mineralization on T1 (2023 fieldwork photo)
4
About the Lac-des-Îles West Graphite Property
The property is in Bouthillier township in Saint -Aimé-du-Lac-des-Îles area adjacent to the western and
northern limit of the LDI Graphite Mine approximately 17 kilometers southwest of the town of Mont-
Laurier on NTS map sheet 31J05. The property is locally accessible through a series of forestry service
roads and the main V illage Road 0 (Chemin du Village 0) that cuts through the property, connecting the
property to Highway #309 which is about two kilometers east of the property. Geologically, the Lac -des-
Îles West Graphite property is within a geological setting very similar to the LDI Graphite Mine. The LDI
Graphite Mine is associated with paragneisses, biotite gneisses and marbles. The area is mainly underlain
by Precambrian metasedimentary rocks of the G renville Series comprised of quartzofeldspathic,
garnetiferous paragneiss, and marble beds.
Qualified Person
Afzaal Pirzada, P.Geo., a “Qualified Person” for the purposes of National Instrument 43 -101 - Standards
of Disclosure for Mineral Projects , has reviewed and approved the scientific and technical information
contained in this news release.
Cautionary Statement
Investors are cautioned that the information regarding LDI graphite mine has been taken from Northern
Graphite Corp. website https://www.northerngraphite.com/project/lac -des-iles-mine/ and other online
sources at: https://www.mern.gouv.qc.ca Energie et Resources Naturelles Quebec. The Company is
unable to verify the information and the information is not necessarily indicative of the mineralization on
the Property which is subject of this news release.
On Behalf of the Board,
CULLINAN METALS CORP.
Marc Enright-Morin
CEO, Director
(604) 669-9788
About Cullinan Metals Corp.
Cullinan Metals Corp. is focused on the exploration of clean energy metals. As the clean energy transition
rages on, the demand for commodities such as copper, graphite and lithium are critical for the future of
civilization. Cullinan Metals currently has major lithium and graphite projects in Canada.
Forward-Looking Statements
This news release contains forward -looking statements and forward -looking information within the
meaning of Canadian securities laws (collectively, “forward- looking statements”). Forward- looking
statements in this news release relate to, among other things: statements with respect to exploration
results, anticipated exploration program results from exploration activities, the anticipated business plans
and timing of future activities of the Company and all other statements that are not historical facts,
particularly statements that express, or involve dis cussions as to, expectations, beliefs, plans, objectives,
assumptions or future events or performance of the Company. Often, but not always, forward looking
statements can be identified through the use of words or phrases such as “will likely result”, “are expected
5
to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”,
“forecast”, “projection”, “strategy”, “objective” and “outlook”. Forward- looking statements contained in
this news release are made based on reasonable estimates and assumptions made by management of the
Company at the relevant time in light of its experience and perception of historical trends, current
conditions and expected future developments, as well as other factors that are believed to be appropriate
and reasonable in the circumstances. Forward-looking statements contained in this news release are made
as of the date of this news release and the Company will not update any such forward-looking statements
as a result of new information or if m anagement’s beliefs, estimates, assumptions or opinions change,
except as required by law. There can be no assurance that forward- looking statements will prove to be
accurate, as actual results and future events could differ materially from those anticipat ed in such
statements. Accordingly, the reader is cautioned not to place undue reliance on forward- looking
statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors, many of
which are beyond the Company’s control, which could cause actual results, performance, achievements
and events to differ materially from those that are dis closed in or implied by such forward- looking
statements. Such risks and uncertainties include, among others, operating and technical difficulties in
connection with mineral exploration and development activities, actual results of exploration activities ,
the estimation or realization of mineral reserves and mineral resources, the fact that the Company’s
interest in the Property is an option only and there is no guarantee that such interest, if earned, will be
certain, capital expenditures, requirements for additional capital, future prices of graphite , changes in
general economic conditions, changes in the financial markets and in the demand and market price for
commodities, delays in obtaining governmental approvals, permits or financing, title disputes, the inability
of the Company to obtain any nece ssary permits, consents, approvals or authorizations, the timing and
possible outcome of any pending litigation, environmental issues and liabilities, and all other risks and
uncertainties disclosed in the Company’s prospectus dated January 31, 2022 and ot her publicly filed
documents under the Company’s profile on SEDAR at www.sedarplus.ca. The Company cautions that the
list of risk factors and uncertainties described in its publicly filed documents on SEDAR is not exhaustive
and other factors could materially affect its results. New factors emerge from time to time, and it is not
possible for the Company to consider all of them, or assess the impact of each such factor or the extent to
which any factor, or combination of factors, may cause results to differ materially from those contained in
any forward- looking statement. Any forward -looking statements contained in this news release are
expressly qualified in their entirety by this cautionary statement.