District Metals Corp. announced an exploration work program to be completed before the end of 2022, and an update on the planned drill program at the Bakar Property located on Northern Vancouver Island, British Columbia. The Bakar Property is in a Joint Venture between District and Sherpa II Holdings Corp.

where District is the operator. Exploration work completed in 2020 and 2021 at the Bakar Property identified the high priority Elephant Crossing Target, which comprises a coincident VTEM anomaly and ZTEM anomaly along with two rock chip samples from outcrop at the edge of the VTEM and ZTEM anomalies that returned 0.49% Cu and 4.13% Cu. The discovery of the EC Target led the District-Sherpa II JV to approve an 800 m drill program, and the associated drill permit application was submitted to the BC Ministry in November 2021.

The Company has been in regular contact with the BC Ministry and Quatsino First Nation to obtain approval for drill permit application on the Bakar Property. Unforeseen delays have occurred during the final stages of the drill permitting process, and the expected drill permit approval has been extended to First Quarter 2023. Consequently, the exploration budget for the remainder of 2022 has been re-allocated towards conducting additional airborne geophysical and geochemical surveys at the Bakar Property that do not require an exploration permit.

The planned airborne geophysical survey will comprise VTEM and over and "down-ice" from the EC Target. Details on the results from these surveys will be released in early-2023.