Zonte Metals identifies additional priority targets in the Carols Hat area at its Cross Hills IOCG Project

Zonte Metals identifies additional priority targets in the Carols

Hat area at its Cross Hills IOCG Project

TSXV: ZON

HALIFAX

,

April 3, 2018

/CNW/ - Zonte Metals Inc. (TSXV: ZON) ("Zonte" or the "Company") is pleased to provide an update related to its

ongoing exploration program at the Cross Hills Iron Oxide Copper Gold Project.

During January and February, and as part of a larger program, Zonte carried out a high-resolution ground magnetometer surveys on select portions

of the Cross Hills Project. The Company is currently in receipt of the final results from the Carols Hat target area. Carols Hat is located two

kilometres south of the high-priority

Dunn's

Mountain

target where a large

600m

x

400m

magnetic high anomaly containing numerous copper

showings directly related to magnetite veining has been delineated (see Press release dated

February 27, 2018

). The survey carried out at the

Carols Hat area was successful in identifying three additional magnetic anomalies of interest.

Terry Christopher

, President and CEO states "The most recent work on the Cross Hills Project provides significant new anomalies outside of the

Dunn's

Mountain

target and illustrates the potential for large targets within a newly identified IOCG system. Field work is continuing and will be

expanded with prospecting and mapping as targets are identified and moved towards the drilling stage. The Company's goal is to have two fully

permitted and drill ready projects in

Newfoundland

and

Labrador

. The Company's Wings Point Gold project is now fully drill permitted and once

Cross Hill's is advanced further during the coming months the Company will be in a position to move forward to the drill stage on both projects."

The most recent geophysical surveying initially targeted the large topographic high feature referred to as Carols Hat where extensive magnetite

veining is present. Carols Hat appears to be very similar geologically to

Dunn's

Mountain

. Geophysically, Carols Hat is defined by a strongly

magnetic anomaly measuring in excess of

550m

x

600m

and with the southern portion of this anomaly being covered by granite. As previously

released, copper and uranium mineralization grading up to 2.82% Cu and 0.17% U3O8, has been identified within a fracture in the southernmost

portion of this target. The mineralization may suggest remobilization of fluids from depth and into the overlying granite which is only weakly

magnetic. As the survey was expanded away from Carols Hat, two additional magnetic anomalies of interest were identified. The first anomaly

occurs approximately

400m

south of Carols Hat and is characterized by a

400m

x

300m

strong magnetic response within granite and proximal to

the mapped granite contact. Located approximately

300m

northwest of Carols Hat, a second large geophysical target measuring

600m

x

700m

was also delineated and lies mostly under cover. A number of samples previously collected on the very southern limit of this anomaly showed

disseminated and veined magnetite with hematitic alteration, however, no sampling was carried out over the main portion of the anomaly. All three

areas will be field proofed to determine their significance. Images of the Carols Hat geophysical targets including plan views and 3D inversion

geophysical models can be viewed at

http://www.zontemetals.com/projects/cross-hill-project

.

Continued high-resolution ground magnetometer surveying along with continued prospecting and geological mapping will begin within the coming

weeks. Additional updates will be provided by the Company once the final data and interpretations have been received.

Qualified Person

Dean Fraser

, P.Geo. is the qualified person as defined by NI 43-101 and has reviewed and approved the contents and technical disclosures in this

press release.

About Zonte

Zonte Metals Inc. is a junior explorer focused on gold and copper. The Company has signed Option Agreements to acquire 100% of the

McConnells Jest project, in the Tintina Gold Belt, located in the

Yukon Territory

and the Cross Hills IOCG project located in

Newfoundland

and

holds a 100% interest in the drill ready Wings Point Gold Project also located in Newfoundland. In addition, the Company and partner have an

application over open areas sitting on top of the open pit outline of the Gramalote Deposit in

Colombia

, which is held by AngloGold Ashanti

(NYSE:AU) and B2Gold (TSX:BTO, NYSE:BTG). The title issuance is being contested by the state governing the application and the Company

has started legal action to protect its rights.

Forward-Looking Information

This news release contains forward-looking statements which include statements regarding the Corporation's future plans, as well as statements

regarding financial and business prospects and the Corporation's future plans, objectives or economic performance and financial outlooks. The

Corporation believes that the expectations reflected in this news release are reasonable but actual results may be affected by a variety of variables

and may be materially different from the results or events predicted in the forward-looking statements. Readers are therefore cautioned not to

place undue reliance on these forward-looking statements. In evaluating forward-looking statements readers should consider the risk factors which

could cause actual results or events to differ materially from those indicated by such forward-looking statements. These forward-looking

statements are made as of the date hereof, and unless otherwise required by applicable securities laws, the Corporation does not intend nor does it

undertake any obligation to update or revise any forward-looking statements. 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 of accuracy of this release.

SOURCE

Zonte Metals Inc.

View original content: http://www.newswire.ca/en/releases/archive/April2018/03/c1171.html

%SEDAR: 00029601E

For further information:

Terry Christopher, CEO and President, 902-405-3520, [email protected], www.zontemetals.com

CO: Zonte Metals Inc.

CNW 09:00e 03-APR-18