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Cleghorn Minerals Reports on Recent Channel Sampling Results from Historical Trenches & Pits on The Meech Lake - Matachewan Prospect 4.91% copper, 1.35% nickel, 1.53 ppm platinum and 4.49 ppm palladium over 0.5 metres, at the

Drill Results Exploration Programs Sampling & Geoscience Results

Cleghorn Minerals Reports on Recent Channel

Sampling Results from Historical Trenches &

Pits on The Meech Lake - Matachewan

Prospect

4.91% copper, 1.35% nickel, 1.53 ppm platinum and 4.49 ppm palladium over 0.5 metres,

at the

Kell's Showing

2.08 ppm Gold, 5.2 ppm Silver & 1.08% Zinc over 0.7 metres, at the

Waterhole Showing

Val-d'Or, Québec--(Newsfile Corp. - November 14, 2024) - Cleghorn Minerals Ltd. (TSXV: CZZ)

("Cleghorn" or the "Company") is pleased to announce Nickel-Copper-PGE and Gold-Silver-Zinc

surface channel sampling results, on the Company's 100%-owned

Meech Lake - Matachewan Prospect

,

located in northeastern Ontario

.

2023-2024 Project Exploration Program Summary

A Phase II exploration program on the

Meech Lake - Matachewan Prospect

was completed in the Fall of

2023. The program consisted of detailed mapping and channel sampling over the

Kell's Showing

(Ni-

Cu-PGE),

T25 Trench

Area (Au-Ag-Zn), Wat

erhole Showing

(Au-Ag-Zn), and

Kell's Cabin Showing

(Au-Ag-Zn) of previously excavated historic pits and trenches (2018). The objective of the mapping and

channel sampling program was to define and characterize the surface mineralization outlined in the 2018

drill program.

A total of eight (8) excavations were mapped and sampled with four (4) on and over the western inferred

strike extensions respectively of the

Kell's Showing

(designated Trenches 2-5 on the accompany map

below), one (1) in the area of the

T25 Showing

(designated Trenches 1a and 1b - Note 1b was not

washed but channel sampled, one (1) on a historical trench between the

T25 and Waterhole Showings

(designated Trench 6 on the accompany map below), one (1) on the

Waterhole Showing

(designated

Trench 7 on the accompany map below), and one (1) on the

Kell's Cabin Showing

(designated Trench 8

on the accompany map below).

Stripped Areas Location Map

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

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A total of 42 channel samples were collected over the washed and mapped historical pits and trenches.

During the second quarter of 2024, the channel sample assay results were received from the laboratory.

A summary of the geology, sample highlights and the accompanying detailed mapping / channel maps

for the three (3) main mineralized zones on the property identified to date, are as follows:

Kell's Showing (Ni-Cu-PGE):

Trench 2 & 3 - Hostrock pyroxenite is generally enriched in nickel and slightly anomalous in copper

and platinum. No significant exposed mineralization and /or structures were noted.

Image 1

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Table 1

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https://images.newsfilecorp.com/files/4861/229943_tbl1cleghorn.jpg

Trench 4 - Hostrock gabbro is also generally enriched in nickel and slightly anomalous in copper,

palladium and platinum. Two separate fault structures mapped.

Trench 5 - 4.91% copper, 1.35% nickel, 1.53 ppm platinum and 4.49 ppm palladium over a 50 cm

channel. Cut across a 5 x 12 cm bleb of sulfides proximal to a fault structure that was previously

covered by overburden. The sample is located immediately adjacent to the Kell's historic pit to the

east where a remnant 30 x 40 cm accumulation of in-situ massive sulfide (sampled in 2017 -

8.31% Cu, 3.80% Ni, 13.5 g/t Pt, 60.4 g/t Pd) remains intact within the gabbro hostrock.

Image 2

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Table 2

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Left-Trench 4 channel samples in host gabbro with elevated nickel values in gabbro hostrock; Right-Trench 5 channel samples;

sample L903426 was taken over a 12 cm long sulphide inclusion in the gabbro hostrock

Waterhole Showing (Au-Ag-Zn):

Trench 1a (

Historical Trench 25 Area

)

- S

ingle channel sample, hostrock is lamprophyre.

Trench 1b (

Historical Trench 25 Area

) - Single channel sample over mineralized and oxidized

shear/fracture zone.

Image 3

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Table 3

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https://images.newsfilecorp.com/files/4861/229943_tbl3cleghorn.jpg

Trench 6 (historical trench

between the T25 and Waterhole Showings)

- Four (4) channel samples

are cut in a mafic volcanic hostrock across a narrow quartz stringer zone along a slip-

fracture/shear zone along the northern edge of the exposed outcrop. Three of the samples

generated significant zinc values ranging from 1.08 - 5.06%, as well as gold values ranging from

0.12 - 2.08 ppm, and silver values from 1.5 - 5.2 ppm, over widths of 0.6 - 0.7 cm.

Image 4

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Table 4

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https://images.newsfilecorp.com/files/4861/229943_tbl4cleghorn.jpg

Trench 6 Shear zone and weak quartz stringers crosscutting mafic volcanics with elevated Zn

values;

Trench 7 - A series of channel samples were cut across the two (2) main shears, narrow quartz

stringers/veins/patches and oxidized weathered surface features, over the historical Waterhole

Showing area. Gold values were generally anomalous with local elevated gold, silver and zinc

values. One of the better channel samples across one of the shears graded 0.957 ppm gold, 3.9

ppm silver, 9240 ppm zinc and 1060 ppm copper, over 70 cm.

Image 5

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Table 5

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Trench 7 channel samples taken over local oxidized shear zones with quartz stringers cutting

massive mafic volcanics. Elevated Zn and Au values appear to be associated with oxidized

zones;

Kell's Cabin Showing (Au-Ag-Zn):

Trench 8 - Channel samples were cut in and around the historic pit near the site of Mr. Hugh Kell's

1930's cabin. The best result was from a sample cut across the main shear zone across the top

end of the historical pit; assaying 0.168 ppm gold, 9.1 ppm silver, 9820 ppm zinc and 1030 ppm

copper.

Image 6

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Table 6

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Trench 8 channel samples were taken over local oxidized shear zone, veining, and fracture zones cutting the mafic metavolcanic

hostrock.

In conclusion, this additional exploration work conducted by Cleghorn on the property further confirmed

the presence of two separate mineralized systems on the property, previously documented in a series of

historical pits and/or trenches. They are represented by the

Kell's Ni-Cu-PGE Showing

and the

Waterhole Au-Ag-Zn Showing.

These two mineralized trends have now been defined over 45 metres

(Trench 2 to Trench 5) and 370 metres (Trench 1B to Trench 8), along their respective mineralized

trends.

It is recommended that the following program be initiated on the property to follow-up on these results:

1

.

Additional stripping along strike of the mineralized zones mapped and sampled to date.