EQTY.V · 2022-03-30 12:00:00

Equity Builds Continuity Between the Camp and Sveinson Targets, Intersecting 0.7 Metres of 13.6g/t Au, 690g/t Ag, and 5.9% Cu, (30.3g/t AuEq or 2,273g/t AgEq) on the Silver Queen Project, BC

Drill Results

Equity Builds Continuity Between the Camp and Sveinson

Targets, Intersecting 0.7 Metres of 13.6g/t Au, 690g/t Ag, and 5.9%

Cu, (30.3g/t AuEq or 2,273g/t AgEq) on the Silver Queen Project,

Vancouver, British Columbia--(Newsfile Corp. - March 30, 2022) -

Equity Metals Corporation (TSXV: EQTY) ("Equity")

reports several

intersections of high-grade gold and silver in three holes from the Camp and Sveinson target areas on the Silver Queen property, BC,

indicating continuity of veins within the two target areas.

Drilling highlights include:

0.7 metre

interval grading

13.6g/t Au, 690g/t Ag, 5.9% Cu,

0.1% Pb and 0.2% Zn

(30.3g/t AuEq or 2,273g/t AgEq)

from drill hole

SQ22-063;

0.3 metre

interval grading

3g/t Au

426g/t Ag, 3.7% Cu

0.3% Pb and 1.2% Zn

(14.1g/t AuEq or 1,054g/t AgEq)

within

1.8 metre

interval averaging

1.8g/t Au, 90g/t Ag,

0.6% Cu, 0.3% Pb and

1.1% Zn (4.4g/t AuEq or 334g/t AgEq)

from drill hole

SQ22-063;

and

0.3 metre

interval grading

12.1g/t Au

46g/t Ag,

0.3% Pb and 2.1% Zn

(14.0g/t AuEq or 1,048g/t AgEq)

within

2.8 metre

interval

averaging

1.7g/t Au, 22g/t Ag,

0.1% Pb and

1.7% Zn (3.1g/t AuEq or 233g/t AgEq)

from drill hole

SQ22-065.

The drill intercepts are from the first three of thirteen core holes from the Winter '22 program, which tested both the Camp/Sveinson and

NG-3 vein systems. The three holes tested the eastern margin of the Camp Vein target where it transitions into the 1km-long the Sveinson

Extension, which was drill tested by 12 holes during the Fall of 2021 (assays previously reported, see Figures 1 and 2). Drilling confirmed the

lateral projection of several shallow veins (<150 metres depth) and a deeper intercept approximately 300 metres below surface. Strong gold

and silver values were received from several intercepts reflecting the character of both the Camp Vein target (generally silver-enriched) and

the Sveinson target (generally gold-enriched), indicating a possible gradation between the two styles of mineralization. Veins were

intersected across the full 150-metre width of the target zone with preliminary 3D modeling indicating good continuity between the two

mineralized trends.

The Winter '22 program consisted of 13 core holes totaling 4,382 metres, including six holes (2,431m) at the NG-3 target and seven holes

(1,931m) on the Camp and Sveinson targets. Assay results are pending and anticipated over the coming 6 to 8 weeks for six NG-3 holes and

for the remaining four holes, three which tested the west side of the Camp target and a single hole which is a step-out from a high-grade gold

intercept in the Sveinson target.

President Joe Kizis commented,

"We have enjoyed nice news flow of high-grade intercepts from our drilling programs since 2020, and we are

now in the process of modeling those intercepts from the Camp Vein in preparation for a maiden resource on that target, which will add to the

existing 2019 resource on the No. 3 Vein and will support our initial evaluation that additional deposits exist to be discovered on this target-

rich property. The Camp Vein resource is expected to be completed in mid-2022."

Figure 1: Plan Map of targets on the Silver Queen vein system, BC

To view an enhanced version of Figure 1, please visit:

https://orders.newsfilecorp.com/files/5566/118628_ad67d32f749949a8_002full.jpg

Figure 2: Longitudinal View of the Sveinson Target showing AgEq/m values

To view an enhanced version of Figure 2, please visit:

https://orders.newsfilecorp.com/files/5566/118628_ad67d32f749949a8_003full.jpg

Table 1: Summary Composites from Drilling on the Camp/Sveinson Targets

Hole #

From

(m)

Interval

(m)

(g/t)

(%)

AuEq

(g/t)

AgEq

(g/t)

Comments

Camp V ein

SQ21-062

317.0

317.6

0.6

0.0

101

0.0

2.5

2.7

201

Sveinson Target

SQ22-063

68.0

69.2

1.2

0.2

142

0.6

0.1

3.0

223

SQ22-063

250.8

251.4

0.7

13.6

690

5.9

0.1

0.2

30.3

2273

SQ22-063

325.5

327.3

1.8

0.6

0.3

1.1

4.4

334

inc.

326.6

326.8

0.3

3.0

426

3.7

0.3

1.2

14.1

1054

SQ22-063

334.8

335.3

0.4

6.2

598

6.6

0.1

0.3

22.6

1698

SQ22-063

342.1

343.0

0.9

4.4

403

2.1

0.2

3.4

14.3

1070

SQ22-064

147.4

148.6

1.3

0.1

0.2

0.1

2.7

2.5

185

46% dilution

inc.

148.4

148.6

0.3

0.1

0.4

0.1

7.0

5.3

401

SQ22-064

202.8

203.2

0.4

3.3

1226

2.1

1.2

3.9

24.8

1857

SQ22-065

69.3

72.1

2.8

1.7

0.1

1.7

3.1

233

35% dilution

inc.

69.3

69.6

0.3

12.1

0.0

0.3

2.1

14.0

1048

SQ22-065

177.8

178.1

0.3

1.8

0.1

2.0

4.5

5.5

415

Samples were analyzed by FA/AAS for gold and 48 element ICP-MS by MS Analytical, Langley, BC. Silver (>100ppm), copper, lead and zinc (>1%) overlimits assayed by ore grade ICP-ES analysis, High

silver overlimits (>1000g/t Ag) and gold overlimits (>10g/t Au) re-assayed with FA-Grav. Silver >10,000g/t re-assayed by concentrate analysis, where a FA-Grav analysis is performed in triplicate and a

weighed average reported. Composites calculated using a 80g/t AgEq (1g/t AuEq) cut-off and <20% internal dilution, except where noted. Reported intervals are core lengths, true widths undetermined or

estimated. Accuracy of results is tested through the systematic inclusion of QA/QC standards, blanks and duplicates into the sample stream. AuEq and AgEq were calculated using prices of $1,500/oz Au,

$20/oz Ag, $2.75/lb Cu, $1.00/lb Pb and $1.10/lb Zn. AuEq and AgEq calculations did not account for relative metallurgical recoveries of the metals.

About Silver Queen Project

The Silver Queen Project is a premier gold-silver property with over 100 years of historic exploration and development and is located

adjacent to power, roads and rail with significant mining infrastructure that was developed under previous operators Bradina JV (Bralorne

Mines) and Houston Metals Corp. (a Hunt Brothers company). The property contains an historic decline into the No. 3 Vein, camp

infrastructure, and a maintained Tailings Facility.

The Silver Queen Property consists of 45 mineral claims, 17 crown grants, and two surface crown grants totalling 18,852ha with no

underlying royalties. Mineralization is hosted by a series of epithermal veins distributed over a 6 sq km area. An initial NI43-101 Mineral

Resource Estimate was detailed in a News Release issued on July 16th, 2019 and is hosted by the No. 3 Vein, which is traced by drilling for

approximately 1.2km and then to the southeast where it transitions into the NG-3 Vein close to the buried Itsit copper-molybdenum porphyry.

More than 20 different veins have been identified on the property, forming an extensive network of zoned Cretaceous- to Tertiary-age

epithermal veins. The property remains largely under explored.

About Equity Metals Corporation

Equity Metals Corporation is a Manex Resource Group Company. Manex provides exploration, administration, and corporate development

services for Equity Metals' two major mineral properties, the

Silver Queen Au-Ag-Zn-Cu project,

located in central B.C., and the

Monument

Diamond project

, located in Lac De Gras, NWT.

The Company owns 100% interest, with no underlying royalty, in the

Silver Queen project,

located along the Skeena Arch in the Omineca

Mining Division, British Columbia. The property hosts high-grade, precious- and base-metal veins related to a buried porphyry system, which

has been only partially delineated. The Company also has a controlling JV interest in the

Monument Diamond project

NWT

, strategically

located in the Lac De Gras district within 40 km of both the Ekati and Diavik diamond mines. The project owners are Equity Metals

Corporation (57.49%), Chris and Jeanne Jennings (22.11%); and Archon Minerals Ltd. (20.4%). Equity Metals is the operator of the project.

The Company also has royalty and working interests in other Canadian properties, which are being evaluated further to determine their value

to the Company.

Robert Macdonald, MSc. P .Geo, is VP Exploration of Equity Metals Corporation and a Qualified Person as defined by National Instrument

43-101. He is responsible for the supervision of the exploration on the Silver Queen project and for the preparation of the technical

information in this disclosure.

On behalf of the Board of Directors

"Joseph Anthony Kizis, Jr."

Joseph Anthony Kizis, Jr., P .Geo

President, Director, Equity Metals Corporation

For further information, visit the website at

https://www.equitymetalscorporation.com

; or contact us at 604.641.2759 or by email at

[email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)

accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. Forward-

looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ

materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in

forward-looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and

financing and general economic, market or business conditions. Equity Metals Corporation does not assume any obligation to update or

revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by

applicable law.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/118628

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