BeMetals Corp. announced that three of four new core holes have intersected significant copper sulphide mineralization at the Pangeni Copper Project in Zambia. This new analytical results support and enlarge the Company's discovery of extensive zones of copper mineralization covering more than 1.7 kilometres of strike length under sand cover.

Importantly, the copper mineralization bears many of the hallmarks in terms of style, width, grade, and geology to deposits that are mined in the Domes Region of the Zambian Copperbelt. Pangeni Copper Project: D-Prospect: At the beginning of March 2024, during the Zambian rainy season, BeMetals commenced the first phase of core drilling as part of the 2024 exploration program planned to comprise six holes for approximately 2,000 metres at the D-Prospect area of the Pangeni Property. This phase of drilling was successfully completed on the May 20, 2024 with a total of 2,038 metres.

Currently, analytical results have been received for four of the six drill holes, with geological logging and sampling still in progress for the last two holes. The current exploration program is focused on identifying zones of higher grades and extending zones of known copper mineralization. In January 2024, the Company reported an intersection of 18.10 metres grading 0.70% Cu in Hole D22-C1.

This zone is characterized by consistent copper sulphide mineralization, comprising disseminated and veinlet chalcopyrite and subordinate bornite. It is generally hosted within a scapolite and kyanite bearing schist unit. It has been named the Nkala Zone.

The Nkala Zone is interpreted to extend for at least 1.1 kilometres along strike within the overall 1.7 kilometres of known copper mineralization. In the southwest of the currently drilled prospect, it has increased widths and copper grades in a lens or shoot currently termed the Ingwe Shoot. To-date, Hole D24-C1 is the southwestern most hole to have encountered copper mineralization in the Nkala Zone, with an intersection of 16.16 metres grading 0.74% Cu and 533 ppm Co, including 5.50 metres grading 0.93% Cu and 701 ppm Co.

Hole D22-C2 intersected 14.78 metres grading 0.42% Cu some 110 metres to the northeast of D24-C1, and Hole D11-C3 intersected 23.20 metres grading 0.54% Cu with 263 ppm Co, including 7.90 metres at 0.92% Cu, a further 500 metres east-northeast of Hole D24-C1. There are now four drill holes D24-C1, D22-C2, D11-C3, and previously reported D22-C1 that all intersected the interpreted Ingwe Shoot of the Nkala Zone, with copper grades that approximate or exceed those of several large-scale copper mines in the Domes Region of the Zambian Copperbelt. The Ingwe Shoot, with higher-grade copper and associated cobalt mineralization, is interpreted to be structurally controlled, similar in style to the Equinox, Chimiwungo Main and East Shoots at the Lumwana Mine.

As reported in April 2024, Dr. Richard Sillitoe, technical advisor to BeMetals, concluded from review of the drill core at the D-Prospect that the copper mineralization is closely similar in geological setting, style and age to that of the large-scale Lumwana Copper Mine operated by Barrick Gold Corporation. The Lumwana Mine is producing at grades of 0.51% Cu and has a Measured and Indicated Resource of 1.36 billion tonnes grading 0.52% Cu, containing 7.1 million tonnes (15.5 billion pounds) of copper. Hole D14-C1, previously reported, intersected multiple zones of copper mineralization, including 12.64 metres grading 0.32% Cu, 12.91 metres grading 0.37% Cu, and 5.89 metres grading 0.38% Cu.

Importantly the upper zones of mineralization in this drill hole are projected to extend to the base of the Kalahari sand cover at roughly 25 metres vertical depth. Drill hole D11-C2 intersected 14.00 metres grading 0.13% Cu within the Nkala Zone, interpreted as a possible margin of the Ingwe Shoot, whereas Hole D11-C3 appears to have intersected a more central portion of the Shoot, returning robust grades over significant widths. Thus far, copper grades in the Ingwe Shoot appear to be improving to the southwest and southeast, and additional drilling will be required to test for further extensions of the mineralization as well as to confirm grade continuity.

There remains significant potential to expand the copper mineralization, following identification of additional target zones to the northeast. Also of interest is the association of the higher-grade copper intercepts in D24-C1 and D11-C3 with appreciable intervals of cobalt mineralization, ranging from 263 ppm Co over 23.20 metres in D11-C3 to 701 ppm Co over 5.50 metres in D24-C1. As a result of the success of the ongoing exploration campaign, BeMetals intends to conduct a second and larger phase of core and aircore drilling later this year to accelerate expansion of the mineralized footprint at the D-Prospect.

Quality Assurance and Quality Control: The results reported here for this core drilling program were analyzed by Intertek Genalysis, an independent and accredited laboratory. Samples were prepared at their facility in Kitwe, Zambia and analytical work conducted in Perth, Australia. The results were determined using multi-acid, near total digest, and analyzed by Inductively Coupled Plasma (ICP) Optical (Atomic) Emission Spectrometry (OES).

The core sampling was conducted with a robust sampling protocol that included the appropriate insertion of standard reference material, duplicates and blanks into the sample stream. Field operations and management have been provided by Remote Exploration Services (RES) an independent geological consulting and contracting company. The core drilling was conducted by BluRock Mining (Drilling) Services of Kitwe, Zambia.