White Metal Provides Update on its 100% Owned Seagull Lake Platinum-Palladium Property

White Metal Provides Update on its 100% Owned Seagull

Lake Platinum-Palladium Property

Thunder Bay, Ontario--(Newsfile Corp. - January 8, 2020) -

With renewed interest in platinum and palladium

White Metal

Resources Corp. (TSXV: WHM)

("White Metal" or the "Company") is revaluating the prospectivity of its 100% owned Seagull

Lake Pt-Pd Property (the "Property'), located about 50 km south of Impala Canada's Lac des Iles Mine (previously North

American Palladium) in northwestern Ontario. The 6,168 hectare property, approximately one hour drive north of the port city of

Thunder Bay, is also about 28 km north of the new copper, nickel, platinum, and palladium discoveries of Rio Tinto and

Panoramic Resources (previously Magma Metals).

Michael Stares, President & CEO of White Metal, commented, "With palladium closing in on US$2,100 per ounce, and future

forecasting suggesting still higher prices due to the uncertainty in the global supply chain of palladium and platinum, the

Company believes that the Seagull Lake Property can help build shareholder value as it holds great potential for a new discovery

of platinum and palladium mineralization. We are currently reviewing existing historical information and data to better understand

the significance of past discoveries and to develop new targets in the intrusion, in addition to evaluating other opportunities in

the region."

The Seagull Lake Intrusion ("SLI") is described as being a 10 km diameter, circular intrusive composed of ultramafic rocks with

a high olivine content that has been derived from a deep mantle source. Layering and multiple phases of intrusion have been

recognized which creates a favourable setting for Noril'sk Type sulphide accumulation. The SLI is located in the Nipigon Plate,

which is interpreted to represent the failed third arm of a Proterozoic-aged, mid-continent rift system, the bulk of which lies

beneath Lake Superior to the south. The Nipigon Plate area has been compared to the Noril'sk Region of Siberia, Russia, and

is considered to be highly prospective for the discovery of new Cu-Ni-PGE deposits. Known platinum group element-copper-

nickel ("PGE-Cu-Ni") zones in the intrusion support the interpretation that Proterozoic ultramafic intrusions in this area of the

Nipigon Plate have undergone magmatic processes that are capable of producing large PGE-Cu-Ni sulphide deposits (

see

Company news release dated March 12, 2019).

Three styles of PGE mineralization have been identified in the SLI: (1) near surface, PGE-rich detrital "black sands"; (2)

magnetite associated, PGE-rich layers or "reef-type"; and, (3) sulphide associated, basal Cu-Ni-PGE mineralization, interpreted

as "Noril'sk-type". Although the detrital and reef-type mineralization was the first style known in the SLI, the discovery of Noril'sk-

type Cu-Ni-PGE sulphide mineralization became the focus for subsequent exploration programs, which reported from diamond

drilling 3.6 g/t Pt+Pd, 0.34% Cu and 0.21% Ni over 2.1 metres and 1.04 g/t Pt+Pd, 0.14% Cu and 0.16% Ni over 16.0 metres

(from Pettigrew, 2002). The possibility for the discovery of other styles of sulphide mineralization remains including Contact-type

deposits (e.g., Lac Des Iles Mine and River Valley deposits, Ontario) and structurally hosted high-grade concentrations along

regional fault systems.

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 National Instrument

43-101.

About White Metal Resources Corp (TSXV: WHM):

White Metal Resources Corp is a junior exploration company exploring

in Canada.

For more information in regards to White Metal Resources Corp. you can visit the company's Web Page at

www.whitemetalres.com

.

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

"Michael Stares"

President & CEO, Director

For further information contact:

Michael Stares

President & CEO, Director

684 Squier Street

Thunder Bay, Ontario, Canada, P7B 4A8

Phone: (807) 628-7836

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.

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

https://www.newsfilecorp.com/release/51247