Abitibi Metals Corp. provided an update on the 13,500 metre maiden drill program at the B26 Polymetallic Deposit ("B26", the "Project" or the "Deposit") completed under the first phase of a fully funded 30,000-metre 2024 field season. Abitibi Metals is fully funded with $18.5 million to complete the remaining 16,500 metres planned for the 2024 work program and an additional 20,000 metres in 2025, which will be incorporated into a Preliminary Economic Assessment to complete the option.

On November 16th, 2023, the Company entered into an option agreement on the B26 Deposit to earn 80% over 7 years from SOQUEM Inc. The Company has identified significant semi-massive and massive sulphides in infill drilling at the Central Lens of the B26 Polymetallic deposit, where it recently announced some of the highest-grade intercepts in the Project's history, including 11.4% CuEq over 10.6 metres at 135 metres depth in 1274-24-293 and 6.3% CuEq over 10". Drillhole 1274-24-339, advanced to test the immediate extension 20 metres east of the high-grade lens identified in #293 and #294, intercepted copper mineralization concentrated in separate bands varying in thickness from 0.4 to nearly 4 metres with chalcopyrite volume evaluated between 10% and 60% and forming a 106.5 metres long interval of mineralization observed from 83 to 189.5 metres. This hole continues to add to the goal of better defining the high-grade lens while also outlining the lower-grade near-surface halo, supporting bulk-tonnage open pit target.