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MT.V ·

M3 Metals Update 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]

October 14, 2019

M3 METALS UPDATE MOHAVE MINE GOLD PROJECT

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

it has secured the extensive physical historic database on the Mohave Mine Gold Project. The database

records cover everything from historic resource drilling to mine planning and engineering, construction

reports, geology reports and targeting.

M3 Metals initial efforts to compile and digitize the historic data has resulted in identifying significant

target areas. The most prominent area, newly termed the Dixie King (See Figure 1), shows potential for a

large-scale gold system over a two-by-two-kilometre area which overlaps with a string of historic mines

commonly referred to as the Dixie Mines. This area has not seen any modern exploration.

Highlights:

• two by two-kilometre target area never drill tested

• Individual soil samples up to 3.7 g/t gold

• Individual rock samples up to 125.6 g/t gold

• No drilling on southern part of Project

The historically reported high-grade underground mines on the property have not been exploited at a

commercial scale and remain in place . These areas have the potential to be brought into a 43 -101

compliant resource with an aggressive drilling program. Little effort from the previous operators focused

on testing new targets or expanding on the historical resources, instead work focused on construction of

the heap leach operation and infrastructure. Regional geological models indicate that there may be depth

extensions or “feeder zones” beneath the well mineralized areas on the property in -line with similar

systems in the region. Mineralization on the project area is shown to occur across multiple rock types

attributing to the well-developed nature and the potential size of the gold system.

Suite 2310 – 1177 West Hastings St

Vancouver, BC Canada V6E 2K3

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

[email protected]

Figure 1: Mohave Mine Gold Project Dixie King Area Soil Map

Suite 2310 – 1177 West Hastings St

Vancouver, BC Canada V6E 2K3

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

[email protected]

Moving Forward

The Company is currently completing an inventory on all historic records while digitizing and reviewing

the geological data including the historic soil, rock, and drillhole assays. Once complete the data will to be

used in drill hole targeting.

Following the data compilation and targeting exercise currently underway, the Company plans to file an

application for an aggressive drilling program aiming to brin g the historic resources into compliance and

identify new areas and extensions that may significantly increase their size. The Company will continue to

update the market as appropriate.

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

Disclaimer

The Company discloses that a qualified person has not done sufficient work to classify the historical

estimate as current mineral resources or mineral reserves, and the issuer is not treating the historical

estimate as current mineral resources or mineral reserve . Furthermore, the Company has not

independently verified the samples and grades presented in this release and considers them to be historic

in nature, and not compliant with NI 43 -101 standards. The Company also does not guarantee the

completeness of the database as it has not independently confirmed and reviewed all of the historic

records at this time.

Adrian Smith, P.Geo., is Qualifie d 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) and the Professional Engineers & Geoscientists Newfoundland

& Labrador (PEGNL) 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.

Suite 2310 – 1177 West Hastings St

Vancouver, BC Canada V6E 2K3

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

[email protected]

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”, “estim ate”, “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 min eral or resource exploration activity, reserves or resources, regulatory 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 royalties 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 an d 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.