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Fireweed Provides Update on Name Change to ‘Fireweed Metals Corp.’

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NEWS RELEASE

June 27, 2022 TSXV: FWZ

OTCQB: FWEDF

FSE:20F

Fireweed Provides Update on Name Change to ‘Fireweed Metals Corp.’

Vancouver, British Columbia: FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ;

OTCQB: FWEDF) is pleased to announce as a follow-up to its news release dated June 21, 2022, the TSX

Venture Exchange (“TSXV”) has approved the change of name to “Fireweed Metals Corp.”. The Company

will begin trading under its new name on Thursday, June 30, 2022. Fireweed will continue to trade under

the same symbol ‘FWZ’ on the TSX Venture Exchange and the number of shares outstanding will not

change.

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. The

Company has three projects located in northern 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 the Tom and Jason zinc -lead-silver

deposits with current Mineral Resources and a PEA economic study (see Fireweed news releases

dated 10th January 2018, and 23rd May 2018, respectively, and reports filed on www.sedar.com for

details) as well as the Boundary Zone, Boundary Zone West, Tom North Zone and End Zone which

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. Plans for 2022 include a large drill program toward expanded mineral

resources and an updated PEA to include large new zones of mineralization defined since 2018

including Boundary Zones.

• Mactung Tungsten Project: The Company has a binding Letter of Intent to acquire 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 tungsten

resources in the world. Located in Canada, it is one of the rare large tungsten resources outside of

China. Plans for 2022 include due diligence and validation work on historic data in order to support

a new mineral resource estimate followed by a Preliminary Economic Study.

• Gayna River Zinc-Gallium-Germanium Project: Fireweed has 100% of the 128.75 km2 Gayna

River project located 180 kilometres north of the Macmillan Pass project. It is host to extensive

critical minerals mineralization including zinc, gallium and germanium as well as lead and silver,

outlined by 28,000 metres of historic drilling and significant upside potential. Plans for 2022 consist

of an airborne LiDAR topography survey, ground geophysics survey and historic data compilation.

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 stag e and developing U.S. and international

companies and is DTC eligible for enhanced electronic clearing and settlement. The Company is current in

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its reporting, and undergoes an annual verification and management certification process. 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

www.FireweedMetals.com and at www.sedar.com .

ON BEHALF OF FIREWEED METALS CORP.

“Brandon Macdonald”

CEO & Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined i n 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 may contain “forward-looking” statements and information relating to the Company and

its projects that are based on the beliefs of Company management, as well as assumptions made by and

information currently available to Company management. Such statements reflect the current risks,

uncertainties and assumptions related to certain factors including but not limited to, without limitations,

exploration and development risks, 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, and one-time events. Should any one or more risks or

uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results

and forward-looking statements may vary materially from those described herein. The Company does not

undertake to update forward‐looking statements or forward‐looking information, except as required by law.