Genius Metals Inc. announced that it has entered into an option agreement with Societe Bleida Mineral Ressources SARL to acquire a 100% interest in the BMR Cu-Au project, located in the Kingdom of Morocco. This option agreement was negotiated at arm's length. The Company aims to explore and develop the BMR project while continuing to advance its North American assets.

About the BMR Copper Property: The BMR Copper prospect covers an area of approximately 9 km², located southeast of Ouarzazate. It is accessible via the national road N9, which connects the cities of Ouarzazate and Zagora, and by a 2 km track from kilometer 24 of road N9. The permit area, characterized by historical copper and manganese workings, comprises predominantly volcanic and volcano-clastic terrains of Ediacaran age.

The property contains two main zones of mineralization with varying styles of copper mineralization. To the south of the property a subvertical mineralized structure, with a 1.2 km strike length and up to 5m wide, is evidenced by the presence of a tectonic brecciation within a shear zone that is exposed at the surface. This structure is a brecciated quartz-carbonate vein with variable portions of chalcocite and malachite.

The main zone of mineralization varies from 0.5m to 3m in width (locally reaching over a 5m width) and contains massive sulfide veins that dip steeply eastward. Initial surface sampling by Genius Metals from the exposed structure returned values up to 11.73% Cu and 5.53 g/t Au. To the north of the property, there is a historical copper quarry from which approximately 4,000 tonnes of material were extracted, most of this material remains on the property.

The copper mineralization in the northern part occurs in veins or is disseminated within the volcanic rocks (rhyolite and porphyritic rhyodacite). The mineralization is late to post-volcanic in age and appears to be controlled by magmatic and tectonic structures. A zone of propylitic alteration surrounds this mineralization.

An independent Canadian exploration consulting group is currently surface sampling exposed structures and trenches in order to test for copper mineralization and to also assess the gold potential, as the property has never been tested for gold. Option Agreement: The company has secured an agreement to acquire a 100% interest in the BMR Cu-Au project through cash payments totaling CAD 250,000 and work commitments totaling CAD 225,000, as outlined: Initial Payment: CAD 25,000 by August 31, 2024; First Anniversary: CAD 30,000 by August 31, 2025; Second Anniversary: CAD 45,000 by August 31, 2026; Third Anniversary: CAD 150,000 by August 31, 2027. The company must also incur the following eligible exploration expenses on the property: CAD 50,000 by August 31, 2025; CAD 75,000 by August 31, 2026; CAD 100,000 by August 31, 2027.