EQTY.V · 2025-11-17 12:00:00

Equity Metals Extends the No 3 Vein to Depth at the Silver Queen Property, BC

Exploration Programs

Equity Metals Extends the No 3 Vein to Depth

at the Silver Queen Property, BC

Vancouver, British Columbia--(Newsfile Corp. - November 17, 2025) -

Equity Metals Corporation

(TSXV: EQTY) (FSE: EGSD) (OTCQB: EQMEF)

("Equity")

reports new precious and base metal

assays from the Summer '25 drill program on its 100% owned Silver Queen Au-Ag project, British

Columbia, which continue to extend the projection of mineralization in the No. 3 Vein beyond the limits of

the Company's 2022 Resource Estimate.

Assay highlights from the latest drilling include:

1.3 metre

(Est. TT) interval averaging

4.7g/t Au

471g/t Ag, 2.5% Cu, 0.3% Pb

and

1.5% Zn

(1,128g/t AgEq or 15.6g/t AuEq),

including a

0.7 metre

(est. TT) interval grading

8.9g/t Au,

890g/t Ag, 4.8% Cu, 0.3% Pb and 0.2% Zn (2,042g/t AgEq or 28.2g/t AuEq)

from SQ25-160;

and

1.7 metre

(Est. TT) interval averaging

0.2g/t Au, 519g/t Ag, 0.1% Cu, 2.8% Pb

and

9.5% Zn

(910g/t AgEq or 12.6g/t AuEq)

including

0.4 metre

(est. TT) interval grading

2,026g/t Ag, 0.1%

Cu, 7.9% Pb and 14.5% Zn (2,687g/t AgEq or 37.1g/t AuEq)

from SQ25-164.

Drilling continues to extend mineralization along strike and to depth along the northwest extension of the

No. 3 vein and has now tested down-dip of previously released high-grade intercepts from 2024 drilling

(eg: SQ24-136: 7.6m est TT. averaging 431g/t AgEq; see NR-15-24, December 17, 2024) and along

strike of intercepts from earlier in 2025 (eg: SQ25-148: 3.5m averaging 536g/t AgEq; see NR-07-25,

August 11, 2025). Mineralization now extends to depths of 450 metres below surface. Multiple veins

have been intersected in most of these holes, including veins that have historically been identified as the

No. 3 and No. 2 veins. Several additional hangingwall and footwall intercepts have been identified and

drilling continues to provide definition to each of the vein sets and mineralized segments.

Of note, mineralization related to the No. 3 Vein is adjacent to historical mine workings, providing

potential access advantages in any future development scenarios.

VP Exploration Rob Macdonald commented,

"The Summer '25 drill program successfully extended

mineralization in the No. 3 and No. 2 vein sets for up to 650 metres laterally and to depths of 450

metres below surface. Mineralization identified in the current drill program continues to expand and

develop continuity within the vein sets and is accretive to previously modelled mineral resources on

the Silver Queen Project. Work in 2025 will continue to incorporate the new drill data into a revised

exploration and resource model, in anticipation of a Mineral Resource update to be prepared in Q1

'26, and to continue exploration on the ever-expanding Silver Queen vein system in 2026."

2025 Exploration Program Summary

Twenty-one core holes totalling 8,143 metres were drilled on the No. 3 North target. Assays have been

returned from 19 holes. Assays from two holes which tested the furthest lateral projections of the No. 2

and No. 3 vein sets, are pending. A short sampling surface program consisting of reconnaissance soil

and stream sediment samples was completed. The program was designed to investigate several

district-scale targets outboard from the No. 3 Vein system in preparation of potential drill testing in 2026.

The No. 3 Vein system contains the single largest resource currently identified on the Silver Queen

property, and along with its southern extension, the NG-3 Vein, account for 65% of the currently modelled

mineral resource on a AgEq basis. Extensions to the No. 3 Vein should be highly accretive to the current

mineral resource. The current NI43-101 Mineral Resource Estimate, with an effective date of December

1st, 2022, is detailed in a News Release issued on Jan 16, 2023 and can be found by clicking

here

. The

full Technical Report can be found on SEDAR and on the Company's website.

Figure 1: Plan of Silver Queen project area

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

https://images.newsfilecorp.com/files/5566/274594_1ac3ab689460bbed_002full.jpg

Figure 2: No.3 North Longitudinal Section showing historical and 2024-25 drill intercepts.

Historical Intercepts are semi-transparent. Drill holes with assays pending are shown in green

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

https://images.newsfilecorp.com/files/5566/274594_1ac3ab689460bbed_003full.jpg

Table 1: Select Composites from 2025 Drilling on the No. 3 North Target

Hole #

From

(m)

Interval

(m)

(g/t)

(%)

AgEq

(g/t)

AuEq

(g/t)

ETT

(m)

SQ25-160

344.0

344.5

0.5

0.4

1.4

280

0.8

0.1

0.2

473

6.5

SQ25-160

355.0

356.5

1.5

1.3

4.7

471

2.5

0.3

1.5

1128

15.6

inc.

355.7

356.5

0.8

0.7

8.9

890

4.8

0.3

0.2

2042

28.2

SQ25-160

390.9

398.4

7.5

6.3

0.4

0.2

0.1

1.2

127

1.8

inc.

393.3

396.0

2.8

2.3

0.8

0.4

0.2

3.2

292

4.0

inc.

393.3

393.8

0.5

0.4

2.5

327

1.7

0.9

15.9

1223

16.9

SQ25-160

405.6

406.6

1.1

0.9

0.6

130

1.5

0.5

1.2

376

5.2

SQ25-161

329.5

330.2

0.6

0.4

0.2

129

0.2

1.8

1.0

239

3.3

SQ25-161

432.6

434.6

1.9

1.2

0.6

134

0.4

0.1

0.5

242

3.3

SQ25-162

457.6

458.4

0.8

0.6

7.7

804

4.7

0.2

0.1

1845

25.5

SQ25-162

465.7

466.6

0.9

0.7

1.9

1.2

0.0

0.2

327

4.5

SQ25-162

469.8

471.0

1.2

0.9

1.9

0.2

1.0

235

3.2

inc.

469.8

470.4

0.6

0.5

3.4

0.4

0.1

0.3

353

4.9

SQ25-162

543.9

544.5

0.5

0.4

0.1

5.2

3.2

319

4.4

SQ25-163

NSV

SQ25-164

330.0

330.4

0.4

0.3

118

2.8

0.6

1.0

477

6.6

SQ25-164

393.0

394.3

1.3

1.0

1.3

0.1

0.2

1.1

163

2.2

SQ25-164

450.0

452.1

2.1

1.7

0.2

519

0.1

2.8

9.5

910

12.6

inc.

450.5

450.9

0.5

0.4

0.0

2026

0.1

7.9

14.5

2687

37.1

SQ25-165

433.8

434.2

0.4

0.3

0.5

0.0

0.5

7.8

320

4.4

SQ25-165

507.9

508.3

0.4

0.3

2.1

0.6

0.7

1.6

346

4.8

SQ25-165

511.4

512.9

1.5

1.0

0.4

0.3

0.6

2.4

200

2.8

Notes: drill core 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. Downhole composites calculated using a 80g/t AgEq (1g/t AuEq) cut-off and <20% internal dilution, except where noted. 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 $2,360/oz Au, $28.50/oz Ag, $4.25/lb Cu, $0.90/lb Pb and $1.20/lb Zn. AuEq and AgEq calculations utilized relative

metallurgical recoveries of

Au 70%, Ag 80%, Cu 80%, Pb 81% and Zn 90%.

Table 2: Collar Survey data

Hole #

Survey Data

Collar Data

UTM Coordinates_NAD83Z11

DIP

Depth

Easting

Northing

Elev (m)

Deg

(m)

SQ25-160

648968

5995992

949

195

-46

477

SQ25-161

648968

5995993

948

204

-53

477

SQ25-162

648968

5995993

948

192

-58

558

SQ25-163

648968

5995993

948

212

-62

561

SQ25-164

648969

5995993

948

217

-47

537

SQ25-165

648969

5995993

948

228

-56

582

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 and the George

Lake Vein, as well as camp infrastructure and a maintained Tailings Facility.

The Silver Queen Property consists of 46 mineral claims, 17 crown grants, and two surface crown grants

totalling 18,871ha with no underlying royalties. Mineralization is hosted by a series of epithermal veins

distributed over a 6 sq km area. 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 member of the Malaspina-Manex Group. 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 (57.49%) 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. As well, the

Company has an option to acquire a 100% interest in the

Arlington Property

, located within the

Boundary District of south-central British Columbia where 2025 exploration work consisted of

geophysics and diamond drilling designed to identify and delineate an apparent gold system.

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. He has

reviewed and approved this news release.

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/274594

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