CCCM.V · 2023-09-12 12:00:00

C3 Metals Intersects 286 Metres at 0.37% Copper and 0.21 g/t Gold, Including 192 Metres at 0.45% Copper and 0.27 g/t Gold, at Bellas Gate, Jamaica

Drill Results

C3 Metals Intersects 286 Metres at 0.37%

Copper and 0.21 g/t Gold, Including 192 Metres

at 0.45% Copper and 0.27 g/t Gold, at Bellas

Gate, Jamaica

Toronto, Ontario--(Newsfile Corp. - September 12, 2023) -

C3 Metals Inc.

(TSXV: CCCM) (OTCQB:

CUAUF) ("C3 Metals" or the "Company") is pleased to announce the intersection of strong porphyry

copper-gold mineralization in the first two holes of its recently commenced drill program on the

Company's 100% owned Bellas Gate project in Jamaica.

Complete assays have been received for hole PVT0900-001 (EOH 152.0m) and partial assays for

PVT0900-002 down to 350.0m depth (EOH 480.7m). PVT0900-001 was the maiden drill hole with the

Company's recently purchased, man-portable drill rig and was a training hole for the new Jamaican

drilling team and trainers.

Both holes confirmed broad zones of near surface copper-gold mineralization

(see Table 1).

To date, approximately 1,650m of a fully funded and recently announced 8,500m drill program have been

completed.

Ongoing drilling will continue evaluating a cluster of discrete high priority porphyry copper-

gold targets.

These targets are defined by geology, soil geochemistry and geophysics along the two

parallel Camel and Connors porphyry belts at the Bellas Gate project (Figure 1).

Drilling Highlights

Longest interval of copper-gold mineralization intersected at Provost to date.

285.9m at 0.37% copper and 0.21 g/t gold (0.52% CuEq

)

from 64.1m,

including 191.5m at

0.45% copper and 0.27% gold (0.64% CuEq

)

intersected in the upper 350m of hole

PVT0900-002

Copper sulphide mineralization logged to the end of hole PVT0900-002 at 480.7m

(Figure

3). Assays are pending for the lower 130.7m with the last assay interval returning 12.0m (338.0m

to 350.0m) at

0.46% copper and 0.27 g/t gold (0.64% CuEq

)

92.0m at 0.24% copper and 0.12 g/t gold (0.32% CuEq

)

from 60.0m intersected in hole

PVT0900-001.

End of Hole assayed

23% copper and 0.10 g/t gold (0.30% CuEq

)

over its

last 2.0m interval.

Multiple phases of alteration, veining, and mineralization evident

, porphyry copper-gold

mineralization overprinted by intermediate and high-sulphidation epithermal veining.

C3 Metals' recently purchased man portable drill rig is performing strongly

with excellent

penetration rates being achieved at very low direct drilling costs to date. Three holes for

approximately 1,100m now completed at Provost with a fourth hole in progress.

A larger contractor rig is drilling on the Camel Hill porphyry target

where historical hole

depths average only 220m below surface. The first hole has been extended from its planned 450m

depth, as visual copper mineralization is evident to the current depth of 615m.

Dan Symons, President & CEO, stated

, "We believe we are in the initial stages of a significant

discovery at the Bellas Gate project in Jamaica. We are currently drill testing multiple porphyry targets

over a 4km trend of copper-gold mineralization.

We have confirmed multiple, near-surface porphyries

and believe there are deeper seated, high-grade drivers of such an extensive trend of porphyry

alteration and mineralization.

Prior drilling was sporadic with average hole depths of less than 225m at

Bellas Gate.

"For the first time in the project's history, C3 Metals is now well set up to systematically evaluate both

the strike extent and depth extent of these two distinct porphyry trends.

We have designed this

program utilizing all available data from surface geological mapping, soil and rock geochemical

sampling, geophysics (mag and IP) and the limited previous drilling.

Successfully drilling the

broadest interval of copper-gold mineralization ever at Provost in the second hole of the demonstrates

the significant advances we have made in our modelling and 3D understanding of the geology at

Bellas Gate."

Figure 1: C3 Metals' Bellas Gate project location map showing reinterpreted geology and high priority

copper-gold porphyry and epithermal prospects along two porphyry and epithermal copper-gold belts.

Note the long section line from Camel Hill northwest to Provost, which is shown in Figure 2.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/2661/180257_fe3ea933341358da_001full.jpg

Figure 2: Long section (~4km) through the Camel Hill - Geo Hill - Provost porphyry cluster showing iso-

surfaces of the magnetic inversion model.

Note the three planned drill holes, which will test below broad

intersections of copper-gold mineralization identified in shallow (225m average) previous drilling.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/2661/180257_fe3ea933341358da_002full.jpg

The PVT0900-002 copper-gold intersection is the longest mineralized intercept drilled to date at

Provost.

Pyrite and chalcopyrite mineralized diorite (Figure 3) was intersected to the bottom of hole

when drilling had to be terminated at 480.7m due to a shortage of drill rods. The depth capacity of the

Company's recently acquired man-portable drill rig was expected to be approximately 400m; however,

based on the performance to date, significantly greater depths in NQ sized core are possible.

Additional

drill rods have been sourced to enable drilling to continue to 650m depth in suitable ground conditions.

Drilling at Provost confirms a telescoped, fully intact (not eroded) porphyry copper-gold system which is

interpreted to be spatially interrelated to a larger porphyry system at depth, as illustrated in a cross

section (Figure 5).

Drill core observations include:

A syn-porphyry lahar (volcanic debris flow) partially covers the Provost porphyry indicating a well-

preserved system;

Coincident porphyry A and B type quartz veins associated with gold-rich chalcopyrite-pyrite

mineralization;

Porphyry mineralization is commonly overprinted by mineralized intermediate- and high-

sulphidation epithermal veins;

Pervasive porphyry style alteration and mineralization open along strike and at depth.

Table 1

. Significant intercepts from the Provost porphyry target at Bellas Gate Project

Hole

From

(m)

Length

(m)

(%)

(g/t)

CuEq

(%)

PVT0900-002

64.10

350.00

285.90

0.37

0.21

1.91

0.52

Includes

158.50

350.00

191.50

0.45

0.27

2.42

0.64

PVT0900-001

60.00

152.00

92.00

0.24

0.12

1.91

0.32

Copper equivalent (CuEq) calculation is for reporting purposes only and was determined based on CuEq (%) = Cu (%) + ((0.7079 × Au g/t) under

metal price assumptions of Copper - US$3.00/lb, Gold - US$1,800/oz.

As the Bellas Gate project is an early-stage exploration project and there is

insufficient metallurgical data to allow for estimation of recoveries, porphyry copper-gold recoveries are estimated based on multiple comparable

porphyry-style copper-gold deposits (Alumbrera, Batu Hijau, Fish Lake, Mt Milligan, El Pachon, Agua Rica, Cerro Cassle and Skouries) which

averaged 90% recovery for copper and 73% for gold.

All intervals are reported as core lengths, as true widths of the mineralized intervals are unknown at this time.

Figure 3:

(Top Left) PVT0900-002 with sheeted and crosscutting porphyry B-veins in strongly altered

andesite at 317.4m.

The 2.5m sample assayed 0.85% copper and 1.38g/t gold. (Top Right) PVT0900-

002 Porphyry B-veins telescoped by later stage chalcopyrite-quartz-carbonate epithermal veins at

314.4m.

The 3.0m sample assayed 0.86% copper and 0.53g/t gold.

(Bottom Left) PVT0900-002

Porphyry B-veins cutting a phyllic altered diorite with chalcopyrite-pyrite mineralization at 400.5m -

assays pending.

(Bottom Right) PVT0900-002 Andesite with strong magnetite alteration, chalcopyrite

and pyrite mineralization at 440.0m - assays pending.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/2661/180257_fe3ea933341358da_0003full.jpg

Figure 4:

Plan view map showing the collar and trace of planned and conditional drill holes (red),

completed 2023 drill holes (blue) and historical drill holes (black).

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/2661/180257_fe3ea933341358da_007full.jpg

Figure 5: Cross section through PVT0900-001 and PVT0900-002.

Completed drill hole traces in blue,

historical drill holes in black and in progess / planned drill holes in red.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/2661/180257_fe3ea933341358da_008full.jpg

Next Steps

Recent and historical drilling at Provost confirms porphyry and epithermal copper-gold mineralization is

open in most directions.

C3 Metals' man-portable drill rig is lightweight, maneuverable and ideally suited

to step out extension drilling of the high-grade porphyry mineralization intersected in PVT0900-002.

The

Company plans to systematically evaluate this extensive zone of alteration and surface geochemistry at

Provost with multiple drill holes.

A larger capacity contractor drill rig is currently drilling approximately 3.5km southeast of Provost at the

Camel Hill porphyry target.

The first hole planned to a depth of 450m has been extended due to the

continued presence of appreciable chalcopyrite copper mineralization in the drill core.

At September 11,

2023, this hole was at 615m depth.

These first drill holes along this southeastern part of the Camel trend

will provide structural, geochemical, alteration and mineralization information to assist in the targeting for

the the bornite-rich potassic altered cores of most economic porphyry systems.

Four deep holes (700m -

1,000m) are currently planned along the Camel and Connors porphyry belts.

The Company looks forward to providing further updates as drilling progresses and anticipates a steady

flow of assay results through the end of 2023.

For additional information, contact:

Dan Symons

President and CEO

+1 416 716 6466

[email protected]

ABOUT C3 METALS INC.

C3 Metals Inc. is a mineral exploration company focused on creating substantive value for its

shareholders through the discovery and development of large copper and gold deposits.

The Company

is actively exploring in Jamaica where it has identified 16 porphyry and 40 epithermal prospects over a

30km strike extent across its 20,700 hectare exploration licences package.

Mining is currently the

second largest industry in Jamaica, and historical mining dates back to the colonial eras of the 1500s

(Spanish) and 1800s (British).

The Company also holds approximately 24,000 hectares located in the

prolific high-grade Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru.

Mineralization at

Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las

Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore).

At Jasperoide, the Company has

identified over 15 skarn prospects and an outcropping porphyry system over two parallel 28km belts.

The Company has published a maiden resource estimate on the first of these skarn targets, which

contained Measured & Indicated Resources of 52Mt at 0.5% copper and 0.2 g/t gold.