Torr Metals Inc. announced the final assay results from the 2023 soil sampling program on its 100% owned Kolos Project, located on Highway 5 just 23 kilometers (km) north-northeast of the city of Merritt, British Columbia. The comprehensive analysis from a total 3,348 soil samples, spanning an extensive area of 48 km, has delineated five kilometre-scale mineralized zones within a potential cluster porphyry trend spanning 7 km, with each zone boasting highly anomalous copper (Cu) concentrations surpassing 200 parts per million (ppm) up to a maximum of 1175 ppm Cu. The latest findings from the newly defined Rea and Clapperton Zones, in conjunction with previous soil results from the Lodi, Kirby, and Ace Zones, further accentuates the vast extent of the greater than (>) 100 ppm Cu soil envelope on the Kolos Project; now expanded from 15.6 km2 to approximately 20 km2.

Both copper-gold (Au) and copper-molybdenum (Mo) mineralizing systems are evident, associated with proximity to high magnetic geophysical anomalies (Lodi, Kirby, Ace, Rea) as well as disruptions within the high magnetic signature (Clapperton). Additionally, the presence of typical pathfinder elements associated with porphyry and genetically related epithermal systems offers invaluable insights for pinpointing potential mineralized cores within each of the 5 delineated zones on the Kolos Project, where further expansion potential remains open to the northeast, south, and southwest. Highlights: New Copper Discoveries with Comparable Geology to other Porphyry Deposits in British Columbia: Significant new mineralized zones with over 200 ppm Cu have been identified in the northern portion of the 2023 soil sampling grid; including the Rea Zone (Cu-Au) measuring 1200 metres (m) by 350 m and the 1000 m by 900 m Clapperton Zone (Cu-Mo).

The presence of highly anomalous Cu-Mo mineralization associated with Late Triassic intrusions in proximity to large-scale intersecting north-south and northwest-southeast shear structures within the Clapperton Zone suggests a strong geological comparison to the nearby Highland Valley Cu-Mo porphyry deposit ~30 km to the northwest; Multiple Styles to Porphyry Mineralization: Promising zonation patterns of pathfinder elements Cu ­ Au ­ arsenic (As) ­ antimony (Sb) ­ lead (Pb) ­ zinc (Zn) within the Lodi, Rea, Kirby, and Ace Zones mirror typical geochemical signatures indicative of alkalic-suite porphyry systems such as the Copper Mountain and New Afton deposits, located 106 km south and 30 km to the north respectively. The Clapperton Zone differs with coincident Cu ­ Mo with styles of alteration indicating a potential calc-alkaline porphyry suite more comparable to the Highland Valley deposits; District-Scale Mineralized Trend Optimized for New Discovery Potential: The 2023 exploration program has now defined a previously unknown >7 km trend to Cu-Au ± Mo mineralization with 5 target areas (Kirby, Ace, Lodi, Rea and Clapperton) never tested by drilling with direct road access from Highway. Forthcoming rock grab assays (47) combined with property-wide ZTEM geophysics will provide additional insight to exploration upside on the Kolos Project.