Mr. Terry Christopher reports

ZONTE METALS SIGNS DRILL CONTRACT FOR PHASE 1 AT CROSS HILLS IOCG PROPERTY

Zonte Metals Inc. has signed a drill contract for phase 1 drilling at the Cross Hills iron oxide copper-gold property in Newfoundland and Labrador. The drill rig is scheduled to be mobilized to the target during the second week of January. Drilling will be conducted on the Dunns Mountain target, where the company has delineated a large target defined by coincident high-resolution ground magnetics, induced polarization, and a large mineralized corridor containing copper, silver and gold in surface grab samples (see press release dated Oct. 11, 2018).

Zonte also advises that the closing of its previously announced non-brokered private placement (see press release dated Nov. 28, 2018) consisted of the issuance of 3,636,000 units at a price of 25 cents per unit and 2,783,333 flow-though shares at a price of 30 cents per flow-through share for total proceeds of $1,743,990.90.

About Zonte Metals Inc.

Zonte Metals is a junior explorer focused on gold and copper. The company has signed option agreements to acquire 100 per cent of the McConnells Jest project in the Yukon territory and the Cross Hills IOCG project located in Newfoundland and Labrador, and holds a 100-per-cent interest in the drill-ready Wings Point gold project. In addition, the company and its partner have an application over open areas sitting over the Gramalote deposit in Colombia, which is held by AngloGold Ashanti and B2Gold. The title issuance is being contested by the state governing the application, and the company has started legal action to protect its rights.

We seek Safe Harbor.