Mr. Adrian Lamoureux reports

92 RESOURCES CORP. UPDATES THE 2019 EXPLORATION, INCLUDING A NEW DISCOVERY OF CHALCOPYRITE MINERALIZATION, AT CORVETTE-FCI, QUEBEC

92 Resources Corp.'s 2019 summer field program at its Corvette-FCI property has now concluded with several significant discoveries, as indicated from field observations. The primary objectives of the program were to sample, expand upon and rank the known historical prospects/showings, and to discover new mineralization.

Program highlights include:

1. Elsass copper prospect -- a newly discovered area of chalcopyrite mineralization in outcrop and boulders identified over an estimated width of 40 metres to 60 m and strike length of at least one kilometre;
2. Lac Bruno gold prospect -- prospecting in the up-ice direction of boulder field (historical samples of one to 38 grams per tonne gold) and completion of tightly spaced soil survey over the area;
3. Several new occurrences of spodumene-bearing pegmatite discovered, including the largest pegmatite outcrop to date;
4. Multiple additional areas identified with high potential for gold and/or base metals.

The Corvette-FCI property is situated within the Lac Guyer greenstone belt (part of the larger La Grande greenstone belt) and trends east-west through the region, approximately six to 18 km south of the Trans-Taiga Road and power-line infrastructure corridor. The geologic setting is prospective for gold, base metals and lithium over several potential deposit styles including orogenic gold, volcanogenic massive sulphide and lithium pegmatite. In addition, a magmatic-hydrothermal Cu-Au-Ag-Mo deposit style has recently been recognized in the immediate region by Midland Exploration on its adjacent Mythril property.

The 2019 summer exploration program was completed by a crew of four persons over 23 field days, with a total of 680 rock samples collected across the three contiguous claim blocks that comprise the property -- FCI West, FCI East and Corvette. In addition, a total of 211 soil samples were collected over a grid focused up-ice of the Lac Bruno prospect where historical sampling returned numerous boulders of one to 38 g/t Au.

Elsass copper prospect

The Elsass copper prospect is located on the FCI West claim block, approximately 1.5 km southwest of the Golden Gap prospect, in an area of the southern copper exploration trend not historically prospected. The core area of Elsass is characterized by numerous chalcopyrite mineralized outcrops spread over an area 350 m long, up to 60 m wide and extends at least one km farther west through sampling of mineralized boulders and a mineralized outcrop located at the edge of a lake.

The dominant rock type at Elsass is amphibolite with chalcopyrite-quartz plus-or-minus pyrrhotite accessory mineral assemblage. Sample assays for the Elsass prospect have not yet been received with the discovery's significance based on sample mineralogy and field observations.

The Elsass discovery was made in the final days of the program and therefore limited follow-up was completed. As such, the extent of the zone is not fully constrained and a ground program, to commence this fall, is being considered pending receipt of sample assays.

Lac Bruno gold prospect

Historical sampling at Lac Bruno identified a number of gold-bearing boulders which contained between one and 38.1 g/t Au. Two historical drill holes failed to intersect mineralization with the source interpreted to be farther to the northeast, in the up-ice glacial direction.

At Lac Bruno, the mineralized boulders consist predominately of pyrrhotite- and arsenopyrite-bearing amphibolite. The 2019 prospecting along trend to the northeast located two previously unsampled outcrops of similar mineralogy. A soil-sampling grid was completed over the area, with sample spacing tightened based on the location of the outcrops. Assays have not yet been received.

Spodumene-bearing pegmatite occurrences

Although the primary focus of the 2019 program was base and precious metals, the prospective geological setting overlaps with that of lithium pegmatite. The company is pleased to report that several spodumene pegmatite occurrences were discovered northwest and west-southwest along strike of the CV1-2-3 discoveries from 2018.

The new discovery includes a large pegmatite outcrop of approximately 220 m in length by 20 m to 40 m in width, located approximately one km along strike to the southwest of CV1-2. This spodumene-bearing outcrop is larger than CV1 and is situated further from water. Sample assays for the spodumene-bearing pegmatite occurrences discussed herein have not yet been received with the significance of the discoveries based on sample mineralogy and field observations.

Other showings and areas of interest

Several target areas of significant interest and potential were evaluated during the 2019 program, including:

• Along strike at the Golden Gap prospect -- historical sampling of 3.1 to 108.9 g/t Au in outcrop;
• Along the southern copper trend where limited historical exploration has been completed;
• Assessment of the numerous historical mineral showings on the property.

All rock samples collected, as well as quartz blanks and certified reference materials, were shipped to ALS Canada Ltd. in Val d'Or for multielement analysis by four-acid digestion with inductively coupled plasma mass spectrometry finish (package ME-ICP61) and gold analysis by fire assay with inductively coupled plasma atomic emission spectroscopy finish (package Au-ICP21), with any overlimits to then be determined by the applicable package. Pegmatite samples will also be analyzed for tantalum by lithium-borate fusion with ICP-MS finish (package ME-MS85). Analysis of soil samples will include multielement by aqua regia digestion with ICP-MS finish (package ME-MS41L) and gold by fire assay with ICP-AES finish (package Au-ICP21).

Of the 23-field-day program, approximately three-quarters were focused over FCI (east and west) and the remaining quarter over the company's 100-per-cent-owned Corvette claim block. Sample assays will be reported as they are received. The 2019 exploration of the property is being carried out by Dahrouge Geological Consulting Ltd. and managed out of Quebec.

NI 43-101 disclosure

Darren L. Smith, MSc, PGeo, vice-president of exploration for the company, a permit holder with the Ordre des Geologues du Quebec and qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.

About 92 Resources Corp.

92 Resources is a junior mineral exploration company focused on acquiring and advancing strategic and prospective properties that position it strongly for the world's continuing shift to high-tech and green technologies including base and precious metals, and lithium. The company's primary assets are the wholly owned Corvette property and the FCI property (held under option from O3 Mining, a recent spinout from Osisko Mining, for a 75-per-cent interest) located in the James Bay region of Quebec. The properties are contiguous and host significant gold-copper-lithium potential highlighted by the Golden Gap prospect with grab samples of 3.1 to 108.9 g/t Au from outcrop and 10.5 g/t Au over seven m in drill hole, the Tyrone-T9 prospect with 1.15 per cent Cu over 2.1 m in channel sampling, and the CV1 pegmatite prospect with 2.28 per cent lithium oxide over six m in channel.