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M3 Metals Provides Update ON Activities

Corporate Updates

Suite 2310 – 1177 West Hastings St

Vancouver, BC Canada V6E 2K3

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

[email protected]

April 08, 2020

M3 METALS PROVIDES UPDATE ON ACTIVITIES

M3 Metals Corp. (TSX-V: MT; FSE: XOVN.F) (“M3 Metal s” or the “Company”) is pleased to provide an

update on its ongoing activities.

Mohave Mine Gold Project, Arizona USA

M3 Metals is pleased to announce that it has completed a preliminary sampling and mapping program on

the Mohave Gold Mine Project. The program included geological mapping, structural analysis and the

collection of approximately 200 rock chip and grab samples from numerous target areas spread across

the property. The program was designed to identify potential controls on mineralization and prioritize

target areas for the planned drilling program. Samples have been submitted to an analytical lab in Reno,

Nevada. Samples are currently being analysed and results will be released as appropriate.

M3 Metals also continues to move forward with its P lan of Operation submitted to the Bureau of Land

Management (“BLM”) outlining the planned drilling p rogram and corresponding Environmental

Assessment work required to get permits for the dis turbance of approximately 900 Acres. This is a

significant undertaking and represents an area clos e to one third of the entire Project area. The exte nt

and location of the 900 acres of proposed disturbance is based on the presence of numerous historic gold

mines, elevated gold in soil and rock samples, and more than 550 historic drill holes totaling approximately

68,000 feet drilled.

COVID-19 Mitigation Measures

M3 Metals has been closely monitoring the developme nts of the novel coronavirus pandemic (“COVID-

19”) through the World Health Organization, the Pub lic Health Agency of Canada, and the U.S.

Department of Health and Human Services. M3 Metals holds the health and safety of its employees,

contractors and communities as a top priority and critical responsibility.

M3 Metals is working closely with its contractors l ocated in the U.S. to ensure that all activities be ing

undertaken are being done in-line with regulations and recommendations currently in place.

Ongoing field work does not involve international workers, and plans are in place to ensure that any travel

complies with any restrictions or advisories. Curre ntly staff designated to be at site and decisions

regarding future travel to site will be made based on local, state and federal government travel advisories.

M3 Metal’s Vancouver office staff are currently working from home until government advisories change.

Block 103 Iron Ore Project

M3 Metals has submitted a permit application for trenching at 16 separate DSO (Direct Shipping Ore) style

targets identified for their potential to host near surface haematite rich mineralization. The target areas

were determined as part of a joint exploration program between Tata Steel Minerals Canada Ltd. (“Tata”)

and M3 Metals in 2014. Preliminary identification o f the target areas were determined from airborne

Suite 2310 – 1177 West Hastings St

Vancouver, BC Canada V6E 2K3

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

[email protected]

magnetic and airborne gravity surveys. Additional f ollow-up ground-based surveys subsequently led to

confirm and better define the target areas which were never tested.

M3 Metals continues to seek a partner on the Block 103 Project.

Stars Copper Project

M3 Metals has secured permits for drilling at its Stars Copper Project to expand on the 2018 discovery of

a new copper porphyry system in British Columbia. The current permits allow for drilling at 20 additional

drill sites falling within the area-based permit wh ich give the Company the ability to adjust the exac t

location of the drill sites without having to submit new permit application giving flexibility moving forward.

The Company continues to analyse the market conditi ons to determine the potential for future work at

the Stars Project.

Disclaimer

Adrian Smith, P.Geo., is Qualified Person as define d 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) and the Professional Engineers & Geoscientists Newfoundland

& Labrador (PEGNL) as a registered Professional Geo scientist (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 P OLICIES

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 Canadi an securities laws. When or if used in this news r elease, the words

“anticipate”, “believe”, “estimate”, “expect”, “tar get, “plan”, “forecast”, “may”, “schedule” and simi lar 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 exp loration activity, reserves or resources, regulator y or government

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

currency risks including the exchange rate of US$ f or CDN$, changes in exploration costs and governme nt royalties or taxes in

Canada, the United States or other jurisdictions an d other factors or information. Such statements rep resent the Company’s

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

Suite 2310 – 1177 West Hastings St

Vancouver, BC Canada V6E 2K3

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

[email protected]

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

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, an d does not assume any obligation, to update these f orward-looking

statements or information to reflect changes in ass umptions or changes in circumstances or any other e vents affections such

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