White Metal Completes Drilling Program at the Taranis Copper-Silver Project, Namibia

White Metal Completes Drilling Program at the

Taranis Copper-Silver Project, Namibia

Thunder Bay, Ontario--(Newsfile Corp. - February 18, 2021) -

White Metal Resources Corp. (TSXV:

WHM)

("White Metal" or the "Company") is pleased to announce that it has completed its first drilling

program on its 95% owned Taranis Copper-Silver Project (the "Project" or "Property"), located in

northwestern Namibia and defined by Exclusive Prospecting Licence ("EPL") 7071. The reverse

circulation ("RC") drilling program, which began January 19, 2021 (

see

Company news release January

14, 2021), consisted of 28 drill holes totalling 3,226 metres. The drilling program focused in the area that

covers the historical mineral resources contained within the Okohongo Copper-Silver Deposit (the

"Okohongo").

Michael Stares, President & CEO of the Company, stated, "The four week RC drilling program in

Namibia was a success and will provide us with the necessary data and information to complete an NI

43-101 compliant mineral resource estimate on the Okohongo copper-silver deposit. We look forward to

receiving assay results by mid-March and announcing a resource estimate by April."

A total of 727 samples were submitted to Actlabs in Windhoek, Namibia for preparation and will be

analyzed at Actlabs in Canada. Of the total samples, 619 are RC chip samples and 108 are blank,

standard and duplicate samples submitted as part of the quality assurance/quality control program.

The Taranis Property (aka Okohongo Property), covering about 19 850 ha, includes the historical

Okohongo Cu-Ag Deposit which has been outlined by historical drilling (

see

INV Metals news release

dated August 3, 2011), showing it extends over 600 metres in strike length, 400 metres down-dip, and is

interpreted to be open in all directions. The Okohongo, situated within the Kaoko Belt of northwest

Namibia about 700 km northwest of Windhoek, is hosted by metasedimentary stratigraphy and is

considered to be analogous with the stratiform sediment-hosted Central African Copperbelt deposits of

Zambia and the Democratic Republic of the Congo. This deposit contains historical Inferred Mineral

Resources of 10.2 million tonnes grading 1.12% Cu and 17.75 g/t Ag, using a 0.3% Cu cut-off (Table 1;

INV Metals Inc. NI 43-101 Technical Report, Effective Date March 31, 2011).

Table 1. Historical Mineral Resources for the Okohongo Copper-Silver Project, Namibia.

Cut-off

Specific Gravity

Tonnes

Cu (%)

Ag (g/t)

Cu (tonnes)

Ag (ounces)

Category

0.0

2.45

11 691 539

1.01

15.85

117 645

5,957,874

Inferred

0.1

2.45

11 682 796

1.01

15.86

117 640

5,957,640

Inferred

0.2

2.45

11 453 414

1.02

16.13

117 219

5,940,047

Inferred

0.3

2.45

10 196 456

1.12

17.75

114 046

5,818,534

Inferred

0.4

2.45

9 535 538

1.17

18.66

111 731

5,719,226

Inferred

0.5

2.45

8 705 239

1.24

19.73

107 993

5,522,454

Inferred

0.6

2.45

8 142 684

1.29

20.50

104 877

5,366,572

Inferred

0.7

2.45

7 366 110

1.35

21.61

99 810

5,116,714

Inferred

0.8

2.45

6 379 793

1.45

23.16

92 402

4,750,190

Inferred

source: NI 43-101 Technical Report on the Okohongo Copper-Silver Property in Northwest Namibia, INV Metals Inc.; Prepared By: Caracle Creek

International Consulting (Pty) Ltd., South Africa, Effective March 31, 2011.

The Company is treating the tonnages and grades reported in Table 1 as historical mineral resources.

The Inferred Mineral Resource estimate reported in Table 1 for the Okohongo Copper-Silver Deposit

was prepared by qualified authors in 2011, conforming to CIM Definition Standards on Mineral

Resources and Mineral Reserves as outlined in National Instrument 43-101, Standards of Disclosure for

Mineral Projects. A Qualified Person has not done sufficient work to classify the historical estimates as

current mineral resources and the Company is not treating the historical estimates as current mineral

resources. Investors are cautioned that the historical estimates do not mean or imply that economic

deposits exist on the properties. The Company has not undertaken any independent investigation of the

historical estimates or other information contained in this news release nor has it independently analyzed

the results of the previous exploration work in order to verify the accuracy of the information. The

Company believes that these historical estimates and other information contained in this news release

are relevant to continuing exploration on the Property.

Technical information in this news release has been reviewed and approved by Dr. Scott Jobin-Bevans

(P.Geo.), Vice President Exploration and a Director of White Metal, who is a Qualified Person under the

definitions established by the NI 43-101.

About White Metal Resources Corp (TSXV: WHM):

White Metal Resources Corp. is a junior exploration company exploring in Canada. For more information

please visit the Company's website at

www.whitemetalres.com

.

On behalf of the Board of Directors of White Metal Resources Corp.

"Michael Stares"

Michael Stares

President & CEO, Director

For further information contact:

Michael Stares

684 Squier Street

Thunder Bay, Ontario, Canada, P7B 4A8

Phone: (807) 358-2420

Fax: (807) 475-7200

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT

RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains "forward-looking statements" within the meaning of

applicable securities legislation. Forward-looking statements relate to information that is based on

assumptions of management, forecasts of future results, and estimates of amounts not yet

determinable. Any statements that express predictions, expectations, beliefs, plans, projections,

objectives, assumptions or future events or performance are not statements of historical fact and may

be "forward-looking statements."

Forward-looking statements are subject to a variety of risks and uncertainties which could cause

actual events or results to differ from those reflected in the forward-looking statements, including,

without limitation: risks related to failure to obtain adequate financing on a timely basis and on

acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks

associated with mining and exploration; risks related to the maintenance of stock exchange listings;

risks related to environmental regulation and liability; the potential for delays in exploration or

development activities or the completion of feasibility studies; the uncertainty of profitability; risks and

uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral

deposits; risks related to the inherent uncertainty of production and cost estimates and the potential

for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility

that future exploration, development or mining results will not be consistent with the Company's

expectations; risks related to gold price and other commodity price fluctuations; and other risks and

uncertainties related to the Company's prospects, properties and business detailed elsewhere in the

Company's disclosure record. Should one or more of these risks and uncertainties materialize, or

should underlying assumptions prove incorrect, actual results may vary materially from those

described in forward-looking statements. Investors are cautioned against attributing undue certainty to

forward-looking statements. These forward looking statements are made as of the date hereof and the

Company does not assume any obligation to update or revise them to reflect new events or

circumstances. Actual events or results could differ materially from the Company's expectations or

projections

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/74833