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MT.V ·

M3 Metals Begins Work at Its Mohave MINE GOLD Project

Corporate Updates

Suite 2310 – 1177 West Hastings St

Vancouver, BC Canada V6E 2K3

T: 604-669-2279 / F: 604-602-1606

[email protected]

February 10, 2020

M3 METALS BEGINS WORK AT ITS MOHAVE MINE GOLD PROJECT

M3 Metals Corp. (TSX-V: MT; FSE: XOVP.F) (“M3 Metals” or the “Company”) is pleased to announce it

has mobilized crews to the field on the Mohave Mine Gold Project (the “Project”) for a preliminary work

program. The purpose of the program is to confirm historic geological mapping and sampling and to

prioritize drill targets for the planned drilling program currently being permitted.

The program will focus on previously untested areas identifying the structural controls and extent of gold

mineralization which was the focus of historic mining in the early 1900’s . Little documentation exists

regarding the extent of the historic underground mining especially within the Dixie area. H owever,

mapping by the previous owner shows the historic mining focused on individual veins and did not target

the broader potentially lower grade mineralization that could possibly be amenable to heap leaching.

The known gold mineralization on the Project appears to be primarily hosted in intermediate to felsic

Tertiary volcanics that rest on crystalline, pre -Cambrian basement where m ineralization seems to be

related to structures, rhyolitic flow domes and altered intrusive dykes . The Project shows remarkable

similarities to the DeLamar Project held by Integra Resources Corp . in both the history of development

and the style of mineralization. Integra Resources has been successful in expanding on and defining new

resources at the DeLemar project by targeting lower grade material surrounding historic high -grade

underground gold mines. Both the Mohave and the DeLamar are considered to be volcanic-hosted, low-

sulphidation type epithermal systems and share many similar mineralization styles closely related to

emplacement of rhyolite domes and flows.

The Company continues to develop geologic models for the Project and aims to confirm anomalous gold

values on numerous areas that have not been drill tested. Most of these untested zones are centered on

altered and silicified areas . The geologic environment of the Project is very promising, and indications

suggest that the gold system responsible for the historically mined veins could occur on a property wide

scale and could have the potential to host a bulk tonnage style deposit that could be amenable to heap

leaching techniques.

Mohave Mine Gold Project

M3 Metals has the right to acquire a 100 percent title and interest in the Mohave Mine Gold Project. The

Project is comprised of a total of 160 lode and mill-site claims. The Project area covers numerous historic

past-producing gold mines in the Weaver mining district, Mohave County, Arizona, USA. Three main areas

within the Project include the Dixie Area, Klondyke Area and Golden Door Area.

Additional information is available on the Mohave Project page at www.m3metalscorp.com.

Disclaimer

Suite 2310 – 1177 West Hastings St

Vancouver, BC Canada V6E 2K3

T: 604-669-2279 / F: 604-602-1606

[email protected]

Adrian Smith, P.Geo., is Qualified Person as defined by National Instrument 43 -101 for the above -

mentioned project. The QP is a member in good standing of the Association of Professional Engineers and

Geoscientists of British Columbia (APEGBC) as a registered Professional Geoscientist (P.Geo.). Mr. Smith

has reviewed and approved the technical information disclosed above.

ABOUT M3 METALS CORP.

M3 Metals Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries

and strategic development of mineral properties in North America. For additional information please visit

the Company’s website at www.m3metalscorp.com. You may also email [email protected] or call

investor relations at (604) 669-2279.

M3 METALS CORP.

“Adrian Smith”

Adrian Smith

President

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.

This news release may contain certain “Forward- Looking Statements” within the meaning of the United States Private Securities

Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words

“anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions

identify forward-looking statements or information. These forward-looking statements or information may relate to future prices

of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regul atory or government

requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure,

currency risks including the exchange rate of US$ for CDN$, changes in exploration costs and government ro yalties or taxes in

Canada, the United States or other jurisdictions and other factors or information. Such statements represent the Company’s

current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while

considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and so cial

risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements

to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-

looking statements. The Company does not intend, and does not assume any obligation, to update these forward -looking

statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such

statements and information other than as required by applicable laws, rules and regulations.