Core Assets Corp. provided a summary of results from the 2023 exploration program at the Silver Lime CRD-Porphyry Project (Silver Lime Project or Silver Lime), central Blue Property (Blue Property), Atlin Mining District of NW British Columbia. In 2023, Core Assets completed 4,245m of shallow, exploratory diamond drilling over 21 HQ-sized drill holes; 14.4 line-kilometers of a high-resolution 3D-DCIP geophysical survey over the high-grade Pete's-Sulphide City-Gally Trend; and the collection of 89 surficial rock samples across the Silver Lime CRD-Porphyry Project footprint.

A brief overview of exploration work and results from the Silver Lime CRD-Porphyry Project follows the 2023 highlights section below. 2023 SILVER LIME CRD-PORPHYRY PROJECT HIGHLIGHTS Diamond drilling at the Pete's and Gally CRD Targets confirmed the presence of two new, near surface carbonate replacement (CRM) discoveries consisting of multiple high- and extremely high-grade Ag-Pb-Zn-Cu massive sulphide zones. These targets are located 1.4km apart, within a 2.5km-long high-grade corridor at Silver Lime that includes the Mo-Cu-bearing Sulphide City Porphyry.

The best and longest intercepts drilled to-date were obtained in 2023 from the Pete's and Gally targets: SLM23-028 (Pete's) intersected 6.40m grading 159g/t Ag, 8.7% Pb, 7.7% Zn, and 0.23% Cu from 27.43m depth, including 0.57m of 301g/t Ag, 11.5% Pb, 10.7% Zn, and 0.31% Cu; and SLM23-048 (Gally) intersected 8.00m of 139g/t Ag, 3.5% Pb+Zn, and 0.18% Cu from surface, including 1.30m of 845g/t Ag, 31.3% Pb+Zn, and 1.10% Cu, including 0.50m of 1,030g/t Ag, 32.4% Pb+Zn, and 1.16% Cu. In 2023, 7 out of 8 diamond drillholes completed at Jackie intersected numerous zones of high-grade Zn-Pb-Ag-Cu massive sulphide mineralization. SLM23-038 returned 2.20m of CRM from 17.05m depth that graded 187g/t Ag, 23.9% Pb+Zn, and 0.53% Cu, including 1.15m of 201g/t Ag, 25.7% Pb+Zn, and 0.52% Cu.

Some drill holes completed at Jackie intersected steep gold-bearing fugitive calcite veins that graded up to 2m of 3.10g/t Au within 10m of 0.32g/t Au between 40m and 80m drilled depths. Similar, near surface gold-bearing veins were also intersected at the Pete's and Grizzly targets in 2023, significantly adding to the precious metal endowment of the Silver Lime Project. The 2023 project-wide surface sampling program extended high-grade, Ag-Pb-Zn mineralization at both the Gally and Jackie Targets.

CRM and sulphide-bearing veins grading up to 680g/t Ag, >20% Pb, 14% Zn, 0.55% Cu, 0.75g/t Au, 0.14% Bi and 155ppm Te were collected south of the Gally Target, increasing the extent of the high-grade corridor by 850m to 2.5km in length. At the Jackie Target, 6 out of the top 10 surface samples were collected at Jackie in 2023 and returned up to 1,130g/t Ag with 13.5% Zn, 7.3% Pb, 0.25% Bi and 240ppm Te. A three-dimensional direct current induced polarization (3D-DCIP) geophysical survey identified a 1.5km by 0.5km chargeability (80mV/V) anomaly.

The top of this anomaly was intersected by drilling in 2022, and was accompanied by an increase in Cu grade, and continues past the drilled extents of the Sulphide City Mo-Cu Porphyry (>471m). Several highly conductive and chargeable linear bodies were identified in the survey area and range from 320 to 900 metres in length. They coincide with surficial occurrences of massive sulphide and high-grade CRM intersected at the Pete's and Gally targets in 2023.

These interpreted "feeder structures" appear to extend from surface and connect to the margins of the deep-seated chargeability anomaly below Sulphide City. Fifty-six (56) diamond drillholes totalling 9,808.7m have been completed at the Silver Lime Project to-date. Forty-eight (48) drill holes, or 85.7% of drilling to-date, has intersected mineralization styles that span the full Porphyry-CRD continuum.

In 2023, 83% of holes intersected high-grade CRM or gold-bearing veins.