Starr Peak Mining Ltd. announced that the company has identified several exciting untested geochemical soil anomalies on its NewMétal property ("NewMétal" or "the Property"), located in the Abitibi Greenstone Belt of Québec near the town of Normétal. This program, covering some of the priority areas, was completed last year before winter. An analysis from this survey has returned base and precious metal anomalies over new areas, as well as strengthening knowledge on historical zones.

Interpreted results from this survey highlighted several geochemically anomalous areas, some of which are located along VTEM (Versatile Time Domain Electromagnetic) geophysical anomalies, and therefore have generated priority drill targets for the company. A total of twelve (12) areas of interest have been identified: Three (3) areas are characterized by a Volcanogenic Massive Sulphide (VMS) base metal signature, enriched in Zn, Cd, Pb, In, with a minor enrichment in As, Bi, Sb - Five (5) areas are characterized by precious metal mineralization associated with VMS systems, enriched in Ag, Pb with minor enrichment in Cu, Au, and depletion in Fe - Four (4) areas characterized by anomalous gold (Au) content. The soil survey covered three (3) priority areas over the NewMétal property which include: The mine horizon to the West of Normetmar which was tested for continuation of the recently discovered Eastern VMS anomaly by Amex Exploration (See press release: Amex Exploration Generates Multiple New Gold and VMS Targets at Perron From Regional Exploration Program, dated May 30, 2023) that appears to extend into the western part of the NewMétal property.

The surroundings of the VMS horizon intersected by hole STE-22-98 and corresponding VTEM geophysical anomalies. The surroundings of hole STE-22-112 which returned anomalous gold results hosted into the granodiorite Pluton de Normétal, located in the north-east part of the property. The company also plans to complete a 2-week field program prior to executing the drilling phase, with the purpose of validating anomalous areas to refine drilling targets.

The soil samples were sent to ALS Canada for processing and Ionic LeachTM analysis (ME-MS23). In addition, all soil samples were separately tested for paste pH analysis (OA-ELE07). Ionic Leach samples used a static leaching process using sodium cyanide with a highly sensitive ICP-MS finish capable of sub-ppb detection.

The Ionic Leach method aims to detect mineralization through deep overburden coverage. Geochemical anomalies sourced from mineralization often present sharp and high-amplitude signals, which are ideal for drill targeting. The analysis and interpretation of the soil geochemical data was provided by Vision Geochemistry Ltd. A comprehensive review of the soil descriptions to ensure consistency in the interpretation of the soil data.

Due to the heterogeneous overburden cover, the dataset was geochemically levelled using the z-score method. Z-scores are commonly used in statistical analysis to normalize populations of data, and therefore establish meaningful connections between datasets. Geochemical anomalies containing several elements have been presented as weighted-sums models, which is a simple multivariate technique to reduce several variables to a single variable.