Equity Metals Corporation reported High-grade Gold-Silver drill intercepts from a previously unmodelled hangingwall zone on the eastern end of the Camp Vein Target at the Silver Queen project, B.C. Highlight intervals Include: In drill hole SQ21-047: a 0.4 metre interval grading 9.0g/t Au, 3,574g/t Ag, 12.7% Cu, 1.2% Pb and 5.5% Zn (5,692g/t AgEq) within a 3.2 metre interval averaging 1.8g/t Au, 679g/t Ag, 2.4% Cu, 0.2% Pb and 2.2% Zn (1,131g/t AgEq); In drill hole SQ21-048: a 1.6 metre interval grading 2.9g/t Au, 4,032g/t Ag, 11.4% Cu, 0.5% Pb and 6.8% Zn (5,597g/t AgEq) within a 3.0 metre interval averaging 1.8g/t Au, 2091g/t Ag, 5.9% Cu, 0.4% Pb and 3.9% Zn (2,941g/t AgEq); and In drill hole SQ21-048: a 0.8 metre interval grading 3.3g/t Au, 632g/t Ag, 3.3% Cu, 0.4% Pb and 2.6% Zn (1,299g/t AgEq) within a 2.8 metre interval averaging 1.0g/t Au, 192g/t Ag, 1.0% Cu, 0.4% Pb and 1.1% Zn (416g/t AgEq). The intercepts correlate with the No. 5 Vein, which historically was identified in surface sampling and limited shallow drilling to the east of the holes reported here. The target remains open to the east where it transitions into the larger Sveinson Vein Target, which includes the historic No 5 and other veins. The current intercepts are relatively shallow (<100 metres depth) and undrilled to depth. Additional assay results from drill holes SQ21-042 to -046 and the extension of drill hole SQ21-018 returned multiple mineralized intercepts which continue to establish continuity of the four modelled veins on the eastern extension of the main Camp Vein target. Highlights include: In drill hole SQ21-046: a 1.3 metre interval averaging 0.6g/t Au, 416g/t Ag, 1.9% Cu, 0.6% Pb and 14.1% Zn (1,196g/t AgEq), and In drill hole SQ21-045: a 0.3 metre interval grading 1.2g/t Au, 1,434g/t Ag, 2.6% Cu, 0.3% Pb and 0.2% Zn (1,789g/t AgEq). All assay results have now been received from the Phase IV drilling on the Camp Vein Target, which was completed in early Autumn 2021. A further 13 drill holes were drilled in November/December 2021 as part of Phase V drilling on the Sveinson Vein target which includes the historic No. 5 and other veins that have been only partially tested. Assays are pending and anticipated over the next several
weeks. Crews have now mobilized to recommence drilling on the property, focusing initially on the NG-3 target. Detailed drilling, including the intercepts reported here, will be utilized in developing the Company's maiden resource for the Camp Vein target, expected in Second Quarter of 2022. Samples were analyzed by FA/AAS for gold and 48 element ICP-MS by MS Analytical, Langley, BC. Silver (>100ppm), copper, lead and zinc (>1%) overlimits assayed by ore grade ICP-ES analysis, High silver overlimits (>1000g/t Ag) and gold overlimits (>10g/t Au) re-assayed with FA-Grav. Silver >10,000g/t re-assayed by concentrate analysis, where a FA-Grav analysis is performed in triplicate and
a weighed average reported. Composites calculated using a 80g/t AgEq (1g/t AuEq) cut-off and <20% internal dilution, except where noted. Reported intervals are core lengths, true widths undetermined or
estimated. Accuracy of results is tested through the systematic inclusion of QA/QC standards, blanks and duplicates into the sample stream. AuEq and AgEq were calculated using prices of $1,500/oz Au, $20/oz Ag, $2.75/lb Cu, $1.00/lb Pb and $1.10/lb Zn. AuEq and AgEq calculations did not account for relative metallurgical recoveries of the metals.