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Yukon Metals Announces 2.4% Copper and Gold Values up to 6.64 g/t in Multiple Rock-Chip Samples at Birch

Drill Results Sampling & Geoscience Results

1000-1055 W. Hastings St. Vancouver BC V6E 2E9 | [email protected] | yukonmetals.com |

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Yukon Metals Announces 2.4% Copper and Gold Values up to

6.64 g/t in Multiple Rock-Chip Samples at Birch

Vancouver, B.C., October 16, 2024. Yukon Metals Corp. (CSE: YMC, FSE: E770 , OTCQB:

YMMCF), the “Company” or “Yukon Metals”, is pleased to announce an exploration update

on its 2,285 -hectare Birch project, located approximately 65 km northeast of Burwash

Landing.

Completed fieldwork at the Birch property (Figure 1) includes a soil sampling and prospecting

program (Figure 2 to 6). Assays for 964 soil samples on a 50m x 100m grid over the northern

and central portion of the claim block were received and show encouraging gold, copper and

molybdenum results including a strong copper and gold anomaly in the north of the claim

block. The anomalous zone trends roughly east-west and extends over 1,400 meters. Rock-

chip float samples on the eastern portion of the zone returned up to 2.42 % copper

with up to 0.94 g/t gold within pyrite-chalcopyrite rich skarn (Figure 2, Table 1). These

strongly-oxidised massive sulfide boulders have been traced parallel to mapped east-west

striking limestone-marble outcrops in the area.

Rory Quinn, President & CEO stated, “These additional geochemical results have reinforced

the potential of the project to host a gold rich copper porphyry system . The positive

identification of skarn mineralization fits well within the exploration model that we are

developing for the Birch project. Once the new geophysical data is integrated with our

mapped geology and geochemical data sets we will be able to design first pass drilling of

the optimal targets scheduled for spring of 2025.”

Yukon Metals has also completed a shallow electrical resistivity and induced polarization

geophysical survey over the anomalous northern zone to better define bedrock structure and

rock type with results in process.

1000-1055 W. Hastings St. Vancouver BC V6E 2E9 | [email protected] | yukonmetals.com |

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Table 1- Significant results from the 2024 prospecting program at Birch.

Sample Au g/t Ag g/t Cu % Zn % Type

288068 6.64 2.1 0.22 0.01 Float

288069 1.62 0.3 0.02 0.00 Float

288071 0.57 0.5 0.01 0.01 Float

288094 1.29 0.7 0.03 0.00 Float

288095 0.10 4.9 0.94 1.92 Float

288096 0.24 3.7 0.62 15.55 Float

288097 0.04 1.5 0.42 0.08 Float

288098 0.16 6.3 1.16 2.08 Float

288100 0.07 8.5 0.25 5.87 Float

288158 0.94 42.1 2.42 0.08 Float

288159 0.33 34.1 0.63 0.04 Float

288160 0.17 3.2 0.32 0.01 Float

288161 0.09 4.5 0.52 0.01 Float

288162 0.67 72.8 2.40 0.09 Float

288163 0.03 4.1 0.19 0.02 Float

288164 0.15 14.6 0.41 0.01 Float

288165 0.40 2.9 0.05 0.00 Float

288166 0.02 1.9 0.13 0.01 Float

K137057 0.09 17.4 0.48 0.03 Outcrop

K137059 0.36 20.3 0.41 0.01 Float

K654501 14.05 12.0 0.43 0.01 Float

About the Birch Project

Yukon Metals owns 100% of the Birch project located 65km northeast of the community of

Burwash Landing, and accessible via helicopter. Rock exposures at the Birch project area

are dominated by frost -heaved boulders in unglaciated terrain, with outcrop present on

steeper ridges. The project lies predominantly within the Finlayson assemblage of the Yukon-

Tanana Terrane, consisting of variably carbonaceous schist and quartzite, marble, garnet

amphibolite and rare metaplutonic rocks.

The Yukon-Tanana Terrane structurally overlies the Ruby Range Batholith which is regionally

mapped in the northeastern portion of the property occurring as Ruby Range quartz-feldspar

porphyry and Rhyolite Creek porphyry and intermediate and felsic volcanic rock (Israel et.

Al., 2011). Project -level mapping indicates the geology of the area is comprised of schists

and marble units, moderately to strongly oxidised felsic intrusive, and patchy oxidised

porphyritic rhyolite dykes.

1000-1055 W. Hastings St. Vancouver BC V6E 2E9 | [email protected] | yukonmetals.com |

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Copper, zinc and molybdenum mineralization was first identified in the area in the early 1970s

as part of a small exploration campaign which uncovered several skarn horizons in the

northern project area, as well as molybdenite in quartz veins and stringers in granodiorite

float on the southeastern side of the property (MINFILE 115G 077). Gold was not assayed

for until interest renewed in the early 2010s with soil and mapping exploration work over the

area uncovering several high soil anomalies ranging from 0.02-15g/t Au.

The Birch claims were staked over skarn copper and soil gold anomalies in 2022 by Lapie

Mining Inc., and subsequently acquired by Yukon Metals in 2024 as part of the Berdahl land

package.

Vision Quest, a Yukon First Nations -owned and operated exploration company working

closely with Yukon Metals, conducted the sampling program using field staff whose traditional

territory includes the Birch property.

Sample Methodology

Rock and soil samples were sent to ALS Minerals for analysis with sample preparation in

Whitehorse, Yukon and analysis in North Vancouver, British Columbia.

Rock samples were prepared by c rush to 70 % passing 2mm , 250g split pulverised better

than 85% passing 75 microns (Prep-31A). Pulp samples were analysed for 34 elements by

four acid digestion and ICP -AES (ME-ICP61). All samples were analyzed for gold by fire

assay and AAS with a 50g nominal sample weight ( Au-AA24). Samples over 10g/t Au were

assayed by 50g sample fire assay with gravimetric finish (Au-GRA22).

Soil samples were collected with a battery-powered permafrost soil drill collecting high-quality

samples below boulders and frozen ground to depths of 1m. This technique was designed

specifically for Yukon geochemical exploration to better delineate mineralization along steep,

rocky and permanently frozen north -facing slopes unsuitable for traditional soil sampling

techniques. Samples were dried and sieved to 180 um (Prep -41A) and analysed for 51

elements by aqua regia digestion and ICP-MS and ICP-AES (AuME-TL44).

Rock samples taken while prospecting referenced in this release are selective in nature and

collected to determine the presence or absence of mineralization and may not be

representative of the mineralization hosted on the project.

1000-1055 W. Hastings St. Vancouver BC V6E 2E9 | [email protected] | yukonmetals.com |

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Figure 1- Birch project location map.

1000-1055 W. Hastings St. Vancouver BC V6E 2E9 | [email protected] | yukonmetals.com |

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Figure 2- Rock chip samples showing percent copper with anomalous copper (>200

ppm) contours over the northern Birch soil grid.

1000-1055 W. Hastings St. Vancouver BC V6E 2E9 | [email protected] | yukonmetals.com |

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Figure 3- Rock chip samples showing gold g/t with anomalous copper (>200 ppm)

contours over the northern Birch soil grid.

1000-1055 W. Hastings St. Vancouver BC V6E 2E9 | [email protected] | yukonmetals.com |

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Figure 4- Copper-in-soils at Birch 50m x 100m grid.

1000-1055 W. Hastings St. Vancouver BC V6E 2E9 | [email protected] | yukonmetals.com |

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Figure 5- Gold-in-soils at Birch 50m x 100m grid.