Fireweed Appoints Market-Maker
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NEWS RELEASE
April 10, 2023 TSXV: FWZ
OTCQB: FWEDF
FSE:20F
Fireweed Appoints Market-Maker
Vancouver, British Columbia: FIREWEED METALS CORP. (“Fireweed” or the “ Company”)
(TSXV: FWZ; OTCQB: FWEDF, formerly Fireweed Zinc Ltd.) is pleased to announce that it has
retained PI Financial Corp. (“ PI”) to provide market-making services in accordance with TSX
Venture Exchange Policies.
PI will trade the securities of Fireweed on the TSXV for the purpose of maintaining an orderly
market. In consideration of the services provided by PI, the Company will pay PI a monthly fee of
$4,000 for a minimum term of three months and renewable thereafter. Fireweed and PI are
unrelated and unaffiliated entities. PI will not receive shares or options as compensation. The
capital used for market-making will be provided by PI.
About Fireweed Metals Corp. (TSXV: FWZ; OTCQB: FWEDF; FSE:20F): Fireweed Metals is a
public mineral exploration company on the leading edge of Critical Minerals project development.
Fireweed is well-funded, with a current cash position of approximately C$38,000,000 and is well-
positioned to carry out a large 2023 exploration program. The Company has three projects located
in Canada:
• Macmillan Pass Zinc-Lead-Silver Project: Fireweed owns 100% of the district-scale
940 km2 Macmillan Pass project in Yukon, Canada, which is host to one of the largest
undeveloped zinc resources in the world* where the Tom and Jason zinc -lead-silver
deposits have current Mineral Resources 1 (11.21 Mt Indicated Resource at 6.59% zinc,
2.48% lead, and 21.33 g/t silver; and 39.47 Mt Inferred Resource at 5.84% zinc, 3.14%
lead, and 38.15 g/t silver ) and a Preliminary Economic Assessment 2 (PEA). In addition,
Boundary Main, Boundary West, Tom North and End Zone have significant zinc-lead-silver
mineralization drilled but not yet classified as mineral resources. The project also includes
large blocks of adjacent claims with known showings and significant upside exploration
potential.
• Mactung Tungsten Project: The Company recently signed a definitive Asset Purchase
Agreement and acquired 100% interest in the 37.6 km2 Mactung Tungsten Project located
adjacent to the Macmillan Pass Project. Mactung contains historic resources that make it
one of the largest and highest-grade undeveloped resources in the world of the Critical
Mineral tungsten*. Located in Canada, it is one of the rare large tungsten resources
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outside of China. An updated mineral resource is planned for Q2 2023, and re-sampling
of historic drill core is completed and will include assays for previously unreported by -
product metals, such as gold, copper, and bismuth, in addition to tungsten.
• Gayna River Zinc-Lead-Gallium -Germanium Project: Fireweed has 100% of the
128.75 km 2 Gayna River project located 180 kilometres north of the Macmillan Pass
project. It is host to extensive mineralization including Critical Minerals zinc, gallium and
germanium as well as lead and silver, outlined by 28,000 metres of historic drilling and
significant upside potential. The results from the 2022 field program of geochemical
sampling, airborne LiDAR topographic surveying and ground geophysics are now being
interpreted towards defining drill targets.
Qualified Person Statement
Technical information in this news release has been approved by CEO Brandon Macdonald,
P.Geo. (BC), a ‘Qualified Person’ as defined under Canadian National Instrument 43-101.
In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture Exchange. In the USA, Fireweed
(OTCQB: FWEDF) trades on the OTCQB Venture Market for early stage and developing U.S.
and international companies and is DTC eligible for enhanced electronic clearing and settlement.
Investors can find Real -Time quotes and market information for the Company on
www.otcmarkets.com. In Europe, Fireweed (FSE: 20F) trades on the Frankfurt Stock Exchange.
Additional information about Fireweed and its projects can be found on the Company’s website
at FireweedMetals.com and at www.sedar.com.
ON BEHALF OF FIREWEED METALS CORP.
“Brandon Macdonald”
CEO & Director
Contact: Brandon Macdonald
Phone: (604) 646-8361
Email: [email protected]
Neither the 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.
Cautionary Statements
Forward Looking Statements
This news release contains “forward- looking” statements and information (“forward- looking statements”).
All statements, other than statements of historical facts, included herein, including, without limitation,
statements relating to interpretation of drill results, future work plans, the use of funds, and the potential of
the Company’s projects, are forward looking statements. Forward-looking statements are frequently, but
not always, identified by words such as "expects”, "anticipates”, "believes”, "intends”, "estimates”,
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"potential”, "possible”, and similar expressions, or statements that events, conditions, or results "will”, "may”,
"could”, or "should” occur or be achieved. Forward-looking statements are based on the beliefs of Company
management, as well as assumptions made by and information currently available to Company
management and reflect the beliefs, opinions, and projections on the date the statements are made.
Forward-looking statements involve various risks and uncertainties and accordingly, readers are advised
not to place undue reliance on forward -looking statements. There can be no assurance that such
statements will prove to be accurate, and actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause actual results to differ materially from the
Company's expectations include but are not limited to, exploration and development risks, unanticipated
reclamation expenses, expenditure and financing requirements, general economic conditions, changes in
financial markets, the ability to properly and efficiently staff the Company’s operations, the sufficiency of
working capital and funding for continued operations, title matters, First Nations relations, operating
hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and
strategic partners, governmental regulations and oversight, permitting, seasonality and weather,
technological change, industry practices, uncertainties involved in the interpretation of drilling results and
laboratory tests, and one -time events. The Company assumes no obligation to update forward ‐looking
statements or beliefs, opinions, projections or other factors, except as required by law.
Footnotes and References
* References to relative size and grade of the Mactung historic resources and Macmillan Pass resources
in comparison to other tungsten and zinc deposits elsewhere in the world, respectively, are based on review
of the Standard & Poor’s Global Market Intelligence Capital IQ database.
1: Fireweed Technical Report titled “NI 43-101 Technical Report on the Macmillan Pass Zinc- Lead-Silver
Project, Watson Lake and Mayo Mining Districts Yukon Territory, Can ada” filed on www.SEDAR.com on
Feb 23, 2018, and Fireweed News Release dated January 10th 2018.
2: Fireweed Technical Report titled “NI 43-101 Technical Report Macmillan Pass Project Yukon Territory
Canada” filed on www.SEDAR.com on July 9th 2018, and Fireweed News Release dated May 23 rd, 2018.
This Preliminary Economic Analysis includes an economic analysis of mineral resources that is preliminary
in nature and does not include any mineral reserves. It is equally emphasized that the mineral resources
disclosed within this Technical Report are not mineral reserves and do not have demonstrated economic
viability.