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EQTY.V ·

Equity Metals Reports on Recent Market Activity

Corporate Updates

Equity Metals Reports on Recent Market

Activity

Vancouver, British Columbia--(Newsfile Corp. - September 17, 2020) -

Equity Metals Corporation

(TSXV: EQTY) (the "Company" or "Equity Metals") at the request of IIROC, the Company wishes to

confirm that management is unaware of any material change in the Company's operations that would

account for the recent increase in market activity.

About Equity Metals Corporation

Equity Metals Corporation is a Manex Resource Group Company. The Group provides expertise in

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 18,892ha

Silver Queen project,

located in the Omineca Mining Division near Owen Lake, British Columbia. The property hosts a series

of high-grade, precious- and base-metal veins related to a buried porphyry system, which was only

recently discovered and has been only partially delineated. The Company also has a JV interest in the

Monument Diamond project

, strategically located on the south shore of Lac De Gras, NWT. Diamond-

bearing kimberlites of the Monument Property form part of the Lac de Gras cluster and occur within 40

km of both the Ekati Diamond Mine and the Diavik Diamond Mine. 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.

On behalf of the Board of Directors

"Lawrence Page"

Lawrence Page, Q.C.

Chairman, Director, Equity Metals Corporation

For further information, visit the website at

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/64042