First Class Metals PLC announced high-grade gold assays from channel sampling undertaken following the recently completed exploration at the Company's 100% owned Sunbeam property ("the Property"). The Property contains three subparallel mineralised structures, each identified over 10km traversing the property; these are inferred to continue to the northeast into the recently staked area where prospective structural features are inferred. Since the announcement of the Sunbeam acquisition in early October 2022, FCM through Emerald Geological Services (EGS) have been working to advance the Property to drill ready status.

The pre-exploration phase included a review of historic core; however, recent work has identified the potential of the porphyry to host significant gold mineralisation, therefore further review of the Sunbeam (Nuinsco) core is now recommended with additional samples taken if warranted. The Sunbeam Property is dominated by three mineralised structures, all of which host significant gold anomalism as well as historic development, including the Sunbeam high grade gold mine which operated until 1905 and reportedly produced multi ounce material. In July 2021, Nuinsco reported grades up to 93.3g/t Au from a drill programme conducted predominantly in the vicinity of the Sunbeam Mine area.

Significant results include: NS-21-01 - 3.98g/t Au over 0.6m (from 96.0m) within 3.39m of strongly gold anomalous deformation zone. NS-21-02 - 13.8g/t Au over0.15m (from 80.85m) within 2.83m of strongly gold anomalous Deformation zone. NS-21 - 93.3g/t gold over 0.44m (from 99.5m) within 3.19m of strongly anomalous deformation zone.

o NS-21-05 - 2.94g/t Au over 0". The results from the channel sampling at Roy and Pettigrew, in conjunction with the encouraging geology encountered in the stripping at both locations (as well as the geology /geochemistry at the Sunbeam mine area) validate the Company's efforts to bring the property to drill ready stage. The 'English claims have now been transferred 100% to First Class Metals Canada Inc. FCM currently holds 100% ownership of seven claim blocks covering over 180km2 along a 150km strike of the Hemlo-Schemlo Sunbeam property.