Vancouver, British Columbia--(Newsfile Corp. - June 10, 2020) - M3 Metals Corp. (TSXV: MT) (FSE: XOVP) ("M3 Metals" or the "Company") is pleased to announce that it entered into a Letter of Intent effective June 9, 2020 whereby ML Nevada Corp. ("M3 Metals Nevada"), a wholly owned Nevada incorporated subsidiary of M3 Metals Corp. ("M3 Metals"), would grant to Huffington Capital Corp. ("Huffington") (TSXV: HU.H) an option (the "Option") to acquire up to a 90% interest in a mineral property option and purchase agreement (the "Underlying Agreement") for a total consideration of 6.1 Million dollars payable in cash and or shares to M3 Metals. Under the Underlying Agreement M3 Metals has the right and option to acquire up to a 100% right, title and interest in and to certain mineral properties (the "Mohave Project") in Arizona. The remaining 10% interest will be carried until the time in which a feasibility study (the "FS") is delivered, at which point M3 Metals and Huffington will enter into a Joint Venture arrangement.

The Letter of Intent is non-binding and calls for the completion of a definitive option and assignment agreement (the "Assignment Agreement").

THE OPTION AND ASSIGNMENT AGREEMENT

Under the terms of the Assignment Agreement, Huffington, through a wholly owned Nevada subsidiary, will assume all cash payment and exploration expenditure obligations of M3 Metals pursuant to the Underlying Agreement.

In addition, Huffington must make the following cash payments to M3 Metals and / or M3 Metals Nevada and must make the following exploration expenditures on the Mohave Project:

To the second anniversary of the Assignment Agreement (70% interest):

-CDN$300,000 upon closing of the Assignment Agreement;

-CDN$400,000 on the fifteenth month anniversary of the Assignment Agreement; and

-CDN$400,000 on the second anniversary of the Assignment Agreement.

(collectively, the "Initial Assignment Agreement Payments")

Upon having made the Initial Assignment Agreement Payments and on the condition Huffington has kept the Underlying Agreement in good standing by making the cash payments (the "Cash Payments") to the Vendors and completing exploration expenditures (the "Exploration Expenditures") as required in the Underlying Agreement Huffington will have earned a 70% interest in M3 Metals Nevada's right, title and interest in the Underlying Agreement.

To the third anniversary of the Assignment Agreement (additional 10% interest)

To earn an additional 10% interest, Huffington must make the following payment and exploration expenditures:

-CDN$2 Million payment (payable to M3 Metals in cash or up to 50% in Huffington shares (as those shares are valued at the time of issuance) at Huffington's option) on or before the third anniversary of the Assignment Agreement.

-A minimum of CDN$1 Million in exploration expenditures on the Mohave Project including Exploration Expenditures made by Huffington pursuant to the Underlying Agreement.

Upon having made the payment and expenditures above and on the condition that Huffington has kept the Underlying Agreement in good standing by making the Cash Payments to the Vendors and completing Exploration Expenditures as required in the Underlying Agreement Huffington will have earned an additional 10% interest (for a total 80%) in M3 Metals Nevada's right, title and interest in the Underlying Agreement.

To the fourth anniversary of the Assignment Agreement (additional 10% interest)

To earn an additional 10% interest, Huffington must make the following payment and exploration expenditures:

-CDN$3 Million payment (payable to M3 Metals in cash or up to 50% in Huffington shares (as those shares are valued at the time of issuance) at Huffington's option) on or before the fourth anniversary of the Assignment Agreement; and

-A minimum of CDN$2 Million in additional exploration expenditures (for CDN$3million aggregate exploration expenditures) on the Mohave Project including Exploration Expenditures made by Huffington pursuant to the Underlying Agreement.

Upon having made the payment and expenditures above and on the condition that Huffington has kept the Underlying Agreement in good standing by making the Cash Payments to the Vendors and completing the Exploration Expenditures as required in the Underlying Agreement, Huffington will have earned an additional 10% interest (for a total 90%) in M3 Metals Nevada's right, title and interest in the Underlying Agreement.

M3 Metals Nevada will retain a 10% interest in the Underlying Agreement (and through it, to the Mohave Project) carried until the time in which Huffington completes and delivers the FS. The FS will be at a quality and level at least as high as that defined in the CIM Definition Standards for a feasibility study.

After Huffington has earned a 90% right, title and interest in the Underlying Agreement, and after Huffington has delivered an FS, M3 Metals Nevada and Huffington through its subsidiary will enter into a joint venture agreement on industry standard terms.

Additionally, Huffington's interest in the Mohave Project will be forfeited back to M3 Metals Nevada if: (i) Huffington fails to make the Cash Payments or Exploration Expenditures required under the Underlying Agreement; or (ii) Huffington advises M3 Metals it wishes to abandon the Mohave Project.

Huffington, under the terms and conditions of the Assignment Agreement will act as operator on the Mohave Project.

Closing of the Assignment Agreement will occur with payment of the CDN$300,000 to M3 Metals, receipt of written consent of the Vendors to the Assignment Agreement, and receipt of regulatory approval by Huffington to close the Assignment Agreement and other transactions concurrently being engaged in by Huffington. Huffington is a Capital Pool Company (CPC) listed on the NEX Board of the TSX Venture Exchange.

ABOUT M3 METALS CORP.

M3 Metals Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in North America. For additional information please visit M3 Metals website at www.m3metalscorp.com. You may also email This email address is being protected from spambots. You need JavaScript enabled to view it. or call investor relations at (604) 669-2279.

M3 METALS CORP.

"Adrian Smith"

Adrian Smith

President

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.

This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of US$ for CDN$, changes in exploration costs and government royalties or taxes in Canada, the United States or other jurisdictions and other factors or information. Such statements represent Huffington's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by Huffington, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. Huffington does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/57624

Vancouver, British Columbia--(Newsfile Corp. - May 6, 2020) - M3 Metals Corp. (TSXV: MT) (FSE: XOVN.F) ("M3 Metals" or the "Company") is pleased to report that its initial sampling program at the Mohave Mine Gold Project ("Mohave" or the "Property") has identified high-grade gold values over an area of approximately 10 square kilometres (see Figure 3 below). Gold mineralization has been identified across the entire project area and is associated with quartz-calcite veins, breccia, quartz and/or calcite sheeted veins, and stockworking. Samples ranged up to 78 gpt (grams per tonne) gold over 1.5 metres from surface chip sampling (See Figure 3 and Table 1 below). Results grading above 3 gpt are outlined in the Table 1. below, the full list of results is available on the Mohave Project page on M3 Metals website at https://www.m3metalscorp.com/projects/gold-project/mohave-gold-mine-project.

Appreciable gold values were detected in almost every zone sampled during this initial program which may collectively be a part of a large and robust low-sulfidation, epithermal system. The current geological model at the Mohave project indicates that the epithermal gold system was emplaced into an evolving volcanic/intrusive complex within a north-trending corridor undergoing extreme extension. Evidence of ore-fluid boiling is widely observed and locally well-developed lattice texture (bladed calcite) is present. Images from the program including sample mineralization style and textures are available on the Mohave project page on M3 Metals website https://m3metalscorp.com/projects/gold-project/mohave-gold-mineproject/initiail-sampling-program-photos​.

Three styles of mineralization were observed during this initial program:

• Compact intra-mineral tectonic breccia developed along low-angle faults;
• Low-angle quartz-chalcedony-calcite veins and breccia (banding and lattice texture are widespread) developed in extensional zones; and
• Quartz-chalcedony sheeted veins and stockwork (mostly in porphyritic dacite flows) surrounding the above structural lenses or 'damage zones'.
• When all three mineral styles are observed together, the overall mineralized package may attain in excess of 50 meters in width.

M3 Metals is currently planning a follow up program that will continue to prioritize drilling targets by focusing on areas with the greatest volume potential and will better define the full extent of mineralized zones. This will include efforts to identify new undiscovered zones that may exist below the surface. Field observations and consideration of historic drill data support extensions of surface mineralization to depth or gold zones blind to the surface.

Robert Johansing, Economic Geologist, M.Sc., Q.P., comments "Mineralization and tectonism at the Mohave Project likely overlapped and occurred in multiple stages, creating numerous environments for gold deposition. At many of the sites only a portion of the mineralized package were sampled and require additional sampling to determine their full extent. The results presented below [see Table 1] should allow Phase 2 sampling to focus on areas that contain significant gold values within broadly mineralized, unsampled packages and in areas where the geologic environment is suggestive of significant tonnages".

Adrian Smith, President of M3 Metals comments "The initial results from the Mohave are significant and identify many horizons within broad zones containing abundant oxide gold mineralization that have not been properly documented. We see a clear path forward at the Mohave Project through continued exploration to defining a significant resource and through to production".

 

Figure 1: Sub-horizontal vein breccia composed of massive chalcedony vein and veined, silicified fragments cemented by banded, quartz-calcite veins and veinlets. Sample Nos. 0016 & 0017 - 3.0m @ 5.12 gpt Au.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5509/55422_7ea4254df4ea8bbe_002full.jpg

 

Figure 2: Several meters of strong calcite > quartz sheeted veinlets; Sample No. 0166 (lower center of photo) contained 1.5 meters @ 4.85 ppm Au; north side of Epidote Zone.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/5509/55422_7ea4254df4ea8bbe_001full.jpg

 

Figure 3: Location Map of Rock Chip and Grab Samples from M3 Metals Initial Sampling Program

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5509/55422_7ea4254df4ea8bbe_003full.jpg

Table 1. Rock Chip and Grab Samples from M3 Metals Initial Sampling Program (>3gpt gold)

May 2020 Samples			UTM WGS 84 Z11
Sample Number	Area	Sample Type	Easting	Northing	Sample Width (meters)	Gold Au (gpt)	Silver Ag (gpt)
0003	N. Klondyke	Grab	723323	3934174	grab	3.23	7.1
0006	Klondyke	Chip	723346	3934160	1.5	78.1	115
0007	Klondyke	Chip	723347	3934159	1.5	5.43	28.1
0009	Klondyke	Chip	723390	3934185	1.0	5.28	1.5
0012	N. Klondyke	Chip	723431	3934353	2.0	3.84	20.7
0014	Klondyke	Chip	723529	3934124	3.0	5.06	1.7
0016	Klondyke	Chip	723346	3934143	1.5	5.39	11.9
0017	Klondyke	Chip	723346	3934143	1.5	4.85	8.6
0018	S. Klondyke	Chip	723619	3933721	2.0	8.56	5.2
0020	Jim & Jerry	Chip	723707	3935120	2.0	10.55	37.5
0021	Jim & Jerry	Float	723723	3935115	grab	21.2	76.4
0023	Jim & Jerry	Chip	723729	3935120	1.5	12.85	19.4
0029	Scout	Chip	723315	3935180	2.0	3.82	3.9
0030	Scout	Chip	723314	3935177	2.0	3.8	4.7
0031	Scout	Chip	723344	3935168	2.0	3.83	3.4
0032	Scout	Chip	723342	3935164	1.2	3.85	8.4
0042	S. Scout	Chip	723256	3934838	1.1	3.78	15.5
0048	Jim & Jerry	Chip	723711	3935102	grab	13.2	35.4
0054	Jim & Jerry	Chip	723757	3935211	1.6	5.87	5
0055	Golden Ram	Chip	723710	3935566	0.9	6.06	8.9
0062	Golden Ram	Float	723644	3935552	grab	3.34	1.8
0063	Golden Ram	Grab	723607	3935590	grab	8.33	4
0065	Golden Ram	Grab	723582	3935572	grab	4.42	2.8
0068	West Jim & Jerry	Chip	723524	3935364	1.5	3.26	8.5
0069	West Jim & Jerry	Chip	723524	3935362	2.0	5.16	13
0079	Scout	Chip	723308	3935205	1.0	6.73	5.8
0080	Scout	Chip	723281	3935236	0.8	3.26	2.2
0084	Orphan	Grab	723142	3935133	grab	3.98	3.7
0085	Orphan	Chip	723141	3935138	1.6	6.66	3.4
0086	Orphan	Chip	723156	3935142	1.0	8.5	5.7
0087	Orphan	Chip	723152	3935144	1.1	14.2	56.8
0090	Lower Scout	Chip	723240	3935156	2.0	4.58	31.2
0092	Golden Door	Chip	722944	3935241	2.0	13.1	17.6
0094	Golden Door	Chip	722935	3935189	1.5	18.3	40.8
0097	Golden Door	Chip	722845	3935240	1.3	3.68	3.4
0101	Dixie Mine	Chip	723314	3932405	0.5	9.22	4.8
0112	Dixie Queen	Grab	724243	3932409	grab	6.91	48.7
0113	Dixie Queen	Chip	724260	3932441	0.2	4.92	58.4
0116	Middle Dixie	Float	723771	3932385	grab	4.27	1.6
0119	Dixie Queen	Chip	724118	3932521	0.5	3.42	57.5
0120	Dixie Queen	Grab	724119	3932520	grab	7.54	31.9
0126	Middle Dixie	Chip	723852	3932581	1	3.27	57.8
0129	Jamie	Chip	724748	3933184	0.8	5.07	0.8
0131	Jamie	Grab	724743	3933184	grab	20.3	14.6
0134	Jamie	Chip	724711	3933074	0.5	10.05	1.1
0135	Jamie	Chip	724702	3933122	1.3	8.98	2.3
0136	Jamie	Grab	724687	3933133	grab	20.5	8.8
0137	Ringbolt	Chip	723529	3932791	0.7	8.17	2.8
0144	Klondyke Mine	Chip	723308	3933876	1	8.08	8.4
0145	Klondyke Mine	Chip	723253	3933904	1	4.4	6.8
0158	N. Apex	Grab	723358	3934378	grab	8.74	16.8
0159	N. Apex	Chip	723375	3934353	0.6	14.35	24.3
0166	Epidote	Chip	723898	3934822	1.5	4.85	1.6
0169	Epidote	Chip	723953	3934911	0.9	3.65	2.3
0179	Red Gap (lower)	Grab	722323	3935251	grab	4	20.8
0183	Red Gap (upper)	Chip	722431	3935379	1.2	6.04	27.6
0185	Red Gap (upper)	Chip	722486	3935384	1.6	8.91	22.3
0192	Cottonwood Rd.	Chip	724157	3931474	0.5	6.26	2
0193	Cottonwood Rd.	Grab	724074	3931541	grab	4.97	10.3
0194	Cottonwood Rd.	Chip	724087	3931557	2.5	4.75	8.9
0195	Cottonwood Rd.	Grab	724123	3931501	grab	34.1	57.4

 

Note: Chip sample widths were measured approximately perpendicular to strike of veining and represent approximate true widths, or, represent a portion of approximate true widths from wider zones that either constitute multiple samples or wider zones that could not be completely sampled due to exposure or physical limitations or scope of program. Also, the samples labelled as "grab" are selected samples and are not necessarily indicative of the mineralization hosted on the property. The Company plans to better determine the full width and extent of the mineralized zones in additional work programs.

The analytical results from the sampling program are summarized (gold-silver) below. A few general observations are presented and relate to the overall project area:

• Table 1 (above) presents the samples containing in excess of 3 gpt Au (n= 61 or 32%).

• Gold values for Phase 1 (192 samples) averaged 3.27 gpt Au and ranged between 5 ppb (Low Limit of Detection) and 78.1 gpt Au;

• Silver values averaged 7.88 gpt with a maximum value of 115 gpt Ag;

• the Gold - Silver ratio (Ag:Au) is 2.4;

• Cu-Pb-Zn values are consistently low with an average combined value of 72.7 ppm; and

• Arsenic values average 8.4 ppm and most Sb values as less than 2 ppm.

Aside from gold, other metal enrichment in the various vein styles is limited making the oxide, gold-rich material exceptionally clean.

M3 Metals continues to move forward with its Plan of Operation submitted to the Bureau of Land Management ("BLM") outlining the planned drilling program and corresponding Environmental Assessment work required to get permits for the disturbance of approximately 1,000 Acres. Field work is ongoing.

Quality Assurance / Quality Control (QAQC)

Robert Johansing, Economic Geologist, M.Sc., Q.P., has been responsible for all phases of sample collection, labelling, bagging and transport from the project to Reno, where the samples were analyzed by ALS labs of Reno, Nevada Samples were then dried, crushed and split, and pulp samples were prepared for analysis. Gold was determined by fire assay with an atomic absorption spectroscopy (AAS) finish, over limit samples were determined by fire assay and gravimetric finish. Silver plus 34 other elements were determined by Aqua Regia ICP-AES, over limit samples were determined by ore grade Aquia Regia ICP-AES finish. Standard sample chain of custody procedures were employed during field work until delivery to the analytical facility.

Quality control of the sampling program includes insertion of reference standards and blanks. All sampling was done with a rock hammer and approximately 2 kg of broken, sized (<3cm) material was collected at each site. The results from the blanks and standards do not suggest any issues in the sample prep and analytical procedures.

Disclaimer

Robert Johansing, Economic Geologist, M.Sc., is a Qualified Person as defined by National Instrument 43-101 for the above-mentioned project. The QP is a Qualified Professional in good standing of Mining and Metallurgical Society of America (MMSA). Mr. Johansing has reviewed and approved the technical information disclosed above.

ABOUT M3 METALS CORP.

M3 Metals Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in North America. For additional information please visit the Company's website at www.m3metalscorp.com. You may also email This email address is being protected from spambots. You need JavaScript enabled to view it. or call investor relations at (604) 669-2279.

M3 METALS CORP.

"Adrian Smith"

Adrian Smith
President

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.
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of US$ for CDN$, changes in exploration costs and government royalties or taxes in Canada, the United States or other jurisdictions and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/55422

Vancouver, British Columbia--(Newsfile Corp. - April 9, 2020) - M3 Metals Corp. (TSXV: MT) (FSE: X0VP) ("M3 Metals" or the "Company") is pleased to provide an update on its ongoing activities.

Mohave Mine Gold Project, Arizona USA

M3 Metals is pleased to announce that it has completed a preliminary sampling and mapping program on the Mohave Mine Gold Project. The program included geological mapping, structural analysis and the collection of approximately 200 rock chip and grab samples from numerous target areas spread across the property. The program was designed to identify potential controls on mineralization and prioritize target areas for the planned drilling program. Samples have been submitted to an analytical lab in Reno, Nevada. Samples are currently being analysed and results will be released as appropriate.

M3 Metals also continues to move forward with its Plan of Operation submitted to the Bureau of Land Management ("BLM") outlining the planned drilling program and corresponding Environmental Assessment work required to get permits for the disturbance of approximately 900 Acres. This is a significant undertaking and represents an area close to one third of the entire Project area. The extent and location of the 900 acres of proposed disturbance is based on the presence of numerous historic gold mines, elevated gold in soil and rock samples, and more than 550 historic drill holes totaling approximately 68,000 feet drilled.

COVID-19 Mitigation Measures

M3 Metals has been closely monitoring the developments of the novel coronavirus pandemic ("COVID-19") through the World Health Organization, the Public Health Agency of Canada, and the U.S. Department of Health and Human Services. M3 Metals holds the health and safety of its employees, contractors and communities as a top priority and critical responsibility.

M3 Metals is working closely with its contractors located in the U.S. to ensure that all activities being undertaken are being done in-line with regulations and recommendations currently in place.

Ongoing field work does not involve international workers, and plans are in place to ensure that any travel complies with any restrictions or advisories. Currently staff designated to be at site and decisions regarding future travel to site will be made based on local, state and federal government travel advisories.

M3 Metal's Vancouver office staff are currently working from home until government advisories change.

Block 103 Iron Ore Project

M3 Metals has submitted a permit application for trenching at 16 separate DSO (Direct Shipping Ore) style targets identified for their potential to host near surface haematite rich mineralization. The target areas were determined as part of a joint exploration program between Tata Steel Minerals Canada Ltd. ("Tata") and M3 Metals in 2014 under the terms of the road access and use and exploration agreement between them dated September 29, 2014 and amended effective March 1, 2016. Preliminary identification of the target areas were determined from airborne magnetic and airborne gravity surveys. Additional follow-up ground-based surveys subsequently led to confirm and better define the target areas which were never tested.

M3 Metals continues to seek a partner on the Block 103 Project.

Stars Copper Project

M3 Metals has secured permits for drilling at its Stars Copper Project to expand on the 2018 discovery of a new copper porphyry system in British Columbia. The current permits allow for drilling at 20 additional drill sites falling within the area-based permit which give the Company the ability to adjust the exact location of the drill sites without having to submit new permit application giving flexibility moving forward.

The Company continues to analyse the market conditions to determine the potential for future work at the Stars Project.

Disclaimer

Adrian Smith, P.Geo., is Qualified Person as defined by National Instrument 43-101 for the above-mentioned project. The QP is a member in good standing of the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) and the Professional Engineers & Geoscientists Newfoundland & Labrador (PEGNL) as a registered Professional Geoscientist (P.Geo.). Mr. Smith has reviewed and approved the technical information disclosed above.

ABOUT M3 METALS CORP.

M3 Metals Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in North America. For additional information please visit the Company's website at www.m3metalscorp.com. You may also email This email address is being protected from spambots. You need JavaScript enabled to view it. or call investor relations at (604) 669-2279.

M3 METALS CORP.

"Adrian Smith"
Adrian Smith
President

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.

This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of US$ for CDN$, changes in exploration costs and government royalties or taxes in Canada, the United States or other jurisdictions and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/54291

Vancouver, British Columbia--(Newsfile Corp. - February 10, 2020) - M3 Metals Corp. (TSXV: MT) (FSE: XOVP.F) ("M3 Metals" or the "Company") is pleased to announce it has mobilized crews to the field on the Mohave Mine Gold Project (the "Project") for a preliminary work program. The purpose of the program is to confirm historic geological mapping and sampling and to prioritize drill targets for the planned drilling program currently being permitted.

The program will focus on previously untested areas identifying the structural controls and extent of gold mineralization which was the focus of historic mining in the early 1900's. Little documentation exists regarding the extent of the historic underground mining especially within the Dixie area. However, mapping by the previous owner shows the historic mining focused on individual veins and did not target the broader potentially lower grade mineralization that could possibly be amenable to heap leaching.

The known gold mineralization on the Project appears to be primarily hosted in intermediate to felsic Tertiary volcanics that rest on crystalline, pre-Cambrian basement where mineralization seems to be related to structures, rhyolitic flow domes and altered intrusive dykes. The Project shows remarkable similarities to the DeLamar Project held by Integra Resources Corp. in both the history of development and the style of mineralization. Integra Resources has been successful in expanding on and defining new resources at the DeLemar project by targeting lower grade material surrounding historic high-grade underground gold mines. Both the Mohave and the DeLamar are considered to be volcanic-hosted, low-sulphidation type epithermal systems and share many similar mineralization styles closely related to emplacement of rhyolite domes and flows.

The Company continues to develop geologic models for the Project and aims to confirm anomalous gold values on numerous areas that have not been drill tested. Most of these untested zones are centered on altered and silicified areas. The geologic environment of the Project is very promising, and indications suggest that the gold system responsible for the historically mined veins could occur on a property wide scale and could have the potential to host a bulk tonnage style deposit that could be amenable to heap leaching techniques.

Mohave Mine Gold Project

M3 Metals has the right to acquire a 100 percent title and interest in the Mohave Mine Gold Project. The Project is comprised of a total of 160 lode and mill-site claims. The Project area covers numerous historic past-producing gold mines in the Weaver mining district, Mohave County, Arizona, USA. Three main areas within the Project include the Dixie Area, Klondyke Area and Golden Door Area.

Additional information is available on the Mohave Project page at www.m3metalscorp.com.

Disclaimer

Adrian Smith, P.Geo., is Qualified Person as defined by National Instrument 43-101 for the above-mentioned project. The QP is a member in good standing of the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) as a registered Professional Geoscientist (P.Geo.). Mr. Smith has reviewed and approved the technical information disclosed above.

ABOUT M3 METALS CORP.

M3 Metals Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in North America. For additional information please visit the Company's website at www.m3metalscorp.com. You may also email This email address is being protected from spambots. You need JavaScript enabled to view it. or call investor relations at (604) 669-2279.

M3 METALS CORP.

"Adrian Smith"
Adrian Smith 
President

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.

This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of US$ for CDN$, changes in exploration costs and government royalties or taxes in Canada, the United States or other jurisdictions and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52252