Mr. Nicholas Rodway reports

CORE ASSETS ANNOUNCES WIDESPREAD GOLD MINERALIZATION AT SILVER LIME

Core Assets Corp. has presented gold assay results from the Silver Lime CRD (carbonate replacement deposit) porphyry project on the central Blue property in the Atlin mining district of northwestern British Columbia.

Exploration work completed outboard of the Sulphide City Porphyry has uncovered late-stage gold mineralization at Silver Lime. Significant gold grades have already been observed at the Pete's, Amp, Falcon, and Jackie targets in areas coincident with massive sulphide mineralization - adding to the endowment of our high-grade skarn and carbonate replacement targets. Gold mineralization at Silver Lime appears to be hosted in late fugitive calcite veins stemming from steeply dipping fault splays that affect schist, marble, local porphyritic dykes, and zones of massive sulphide. It is interpreted that late gold-bearing fluids utilized the same structural pathways that focused the earlier massive sulphide-bearing ore-fluids, making these newly discovered, steep conduits excellent drill targets for both high-grade massive sulphide and late gold mineralization. Surface samples with comparable gold and silver grades to those at Silver Lime have also been discovered in massive sulphide and quartz-carbonate veins regionally - 7.7 kilometers to the northwest of the Jackie Target.

Pete's & Amp Target Highlights (Table 1)

• SLM23-030 intersected 2m of 1.26 g/t Au and 13 g/t Ag from 7m depth.
• SLM23-029 intersected 1.64m of 3.46 g/t Au and 64 g/t Ag from 10.36m depth.
• SLM23-028 returned 2m of 0.80 g/t Au and 3 g/t Ag within 4m of 0.28 g/t Au from 6m depth.
• SLM23-026 intersected 2m of 1.00 g/t Au and 6 g/t Ag from 13m depth.
• This gold-bearing zone was also intersected at Drill Pad 2, located 100m west of the holes listed above, and graded up to 0.26 g/t Au and 14 g/t Ag over narrow intervals.
• Gold in quartz-carbonate veinlets with sulphides at the AMP Target, located almost a kilometer southeast of Pete's, grade up to 6.75 g/t Au and 931 g/t Ag.
• Gold occurrences at Pete's and Amp are localized along NW-SE trending faults stemming from a larger, >1.2-kilometer-long, gold-bearing fault zone located between the two targets (Figure 1).

Jackie & Falcon Target Highlights (Table 2)

• SLM22-004 intersected 8m of 0.69 g/t Au and 6.5 g/t Ag including 2m of 5.42 g/t Au and 5.6 g/t Ag from 335m.SLM23-041 (and SLM23-040) intersected multiple Au-bearing zones including 2m of 3.10 g/t Au within 10m of 0.32 g/t Au from 70m.
• SLM22-003 returned 1.6m of 0.35 g/t Au from 78m depth. This intercept forms an ~200m long gold trend outlined with 2023 drilling (SLM23-040 and 041) along a schist-marble contact.
• The two best gold-bearing surface samples collected to-date were discovered at the Falcon and Jackie targets. Historic Sample 89868 (Carmac, 1990) at Jackie graded 21 g/t Au, 12 g/t Ag, and 15% Zn (+As-Cu-Sb), whereas sample D935063 collected by Core Assets at Falcon in 2022 returned 19.5 g/t Au and 33 g/t Ag from coarse quartz-carbonate veins measuring up to 2m wide (Figure 2)
• Gold occurrences at Jackie and Falcon are also observed along multiple NW-SE trending faults stemming from a larger, >1.5-kilometer-long fault zone located immediately to the east (Figure 2).

Porphyritic dykes proximal to gold-bearing faults appear closely associated with late gold mineralization, as well as earlier massive sulphide carbonate replacement mineralization. These intrusions locally carry a similar metal (As-Sb-Ba-Tl) signature to other gold-bearing zones sampled at Silver Lime. These gold zones outcrop in clusters over 3.5-kilometer area outboard of the Sulphide City Mo-Cu Porphyry and remain open for exploration in all directions (Figure 3).

Core Assets' President & CEO Nick Rodway commented, "We are thrilled to have intersected gold-rich zones at the Silver Lime Porphyry-CRD Project. We continue to uncover evidence for a district-scale example of the full mineralization spectrum from the Mo+Cu Porphyry Hub at Sulphide City, through Zn-Pb-Ag-Cu massive sulphide, and distal/late gold. In 2023, multiple shallowly dipping drillholes intersected these steep gold-rich conduits. These gold zones remain open for exploration, and we look forward to providing continued updates as we prepare for our fully funded 2024 exploration program."

About the Silver Lime CRD-Porphyry Project

The Silver Lime Project is predominantly hosted in carbonate rocks of the Florence Range Metamorphic Suite (ca. 1150Ma). Target limestone and marble host rocks are intercalated with upper amphibolite grade metapeltic rocks, quartzite, and amphibole-bearing gneiss. The protoliths to the metasedimentary units include continentally derived clastic strata and platform carbonate, whereas the amphibole-bearing gneiss is interpreted as probable basaltic flows, sills, dykes, and tuffaceous units related to early rifting of the ancestral North America continental margin (i.e., Mihalynuk, 1999). Younger felsic to intermediate intrusive rocks are also widespread within the project area and range from Triassic to Eocene in age. Widespread Eocene magmatic activity was associated with Cordillera-wide, brittle strike-slip faulting. Eocene volcano-plutonic centres in the western Cordillera are known to host porphyry, skarn, and epithermal-type mineralization extending from the Golden Triangle in NW British Columbia to the Tally-Ho Shear Zone in the Yukon (>100 kilometers).

A total of 5,565 metres of exploratory diamond drilling was completed at the Silver Lime CRD-Porphyry Project during the Company's inaugural drilling campaign in 2022. First-pass drilling successfully confirmed the presence of high-grade Ag-Pb-Zn-Cu carbonate replacement (CRD) mineralization at depth, as well as widespread porphyry Mo mineralization and associated mineralized skarn.

The explored extent of the Silver Lime CRD-Porphyry Project currently measures 10KM by 9.5KM and boasts an average surficial grade of 83 g/t Ag, 0.22% Cu, 1.8% Pb, 3.4% Zn, and 0.16 g/t Au (700 samples). High-grade carbonate replacement mineralization has been observed in folded marble host rocks ranging up to 250-meters-thick. In 2022, Ag-Zn-Pb-Cu-bearing mineralization was intersected near the bottom of Sulphide City hole SLM22-006 near 453 meters depth.

Currently, the Silver Lime Project consists of 7 highly prospective targets that span the complete mineralization spectrum from Porphyry Mo-Cu to Fe-Zn-Cu-Ag massive sulphide skarn (Sulphide City) and Ag-Pb-Zn-Cu-Au carbonate replacement mineralization (Gally, Pete's, Grizzly, Jackie), to distal, sediment-hosted Ag-Au bearing quartz veining and Au-bearing base metal sulphide vein occurrences (Amp, Falcon). Prospecting and surface sampling in 2022 more than doubled the number of exposed, high-grade carbonate replacement massive sulphide targets at Silver Lime that remain open in all directions and at depth.

Sampling Protocol, Quality Assurance & Quality Control

All recovered drill core was transported by helicopter to the core logging facility in Atlin, British Columbia for processing. Down hole surveys were conducted on all drill holes upon termination, using a Reflex Gyro Sprint downhole survey tool equipped with an azimuth positioning capability. Drill core was typically sampled over two-meter intervals and occasionally reduced in areas of higher visual sulphide mineralization. Core samples were cut in half with an electric core saw, bagged, labelled, sealed, and submitted to ALS Minerals preparation facility in Whitehorse, YT with the remaining core stored in Atlin, BC. Half core samples were finely crushed and sieved to <75 microns. Samples were then shipped to ALS Geochemistry in North Vancouver, British Columbia where they were analysed for Au by fire assay with an AA finish, over limits for Ag, Pb Cu, and Zn and additional elements were analysed using four acid digestion with an ICP-AES or ICP-MS finish, In some cases, gravimetric separation was used to determine and compare Ag overlimit assays.

Blank rock (siliceous river rock), duplicate, and certified reference materials were inserted into the sample stream for at least every 20 samples. Certified reference materials were acquired from OREAS North America Inc. of Sudbury, Ontario and CDN Resource Laboratories Ltd. of Langley, British Columbia for the 2023 diamond drilling campaign.

National Instrument 43-101 Disclosure

Nicholas Rodway, P.Geo, (Licence# 46541) (Permit to Practice# 100359) is President, CEO and Director of the Company, and qualified person as defined by National Instrument 43-101- Standards of Disclosure for Mineral Projects. Mr. Rodway has reviewed and approved the technical content in this release.

About Core Assets Corp.

Core Assets Corp. is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in British Columbia, Canada. The Company currently holds 100% ownership in the Blue Property, which covers a land area of 114,074 hectares (~1,140 km Superscript 2). The project lies within the Atlin Mining District, a well-known gold mining camp located in the unceded territory of the Taku River Tlingit First Nation and the Carcross/Tagish First Nation. The Blue Property hosts a major structural feature known as The Llewellyn Fault Zone ("LFZ"). This structure is approximately 140km in length and runs from the Tally-Ho Shear Zone in the Yukon, south through the Blue Property to the Alaskan Panhandle Juneau Ice Sheet in the United States. Core Assets believes that the south Atlin Lake area and the LFZ has been neglected since the last major exploration campaigns in the 1980's. The LFZ plays an important role in mineralization of near surface metal occurrences across the Blue Property. The past 50 years have seen substantial advancements in the understanding of porphyry, skarn, and carbonate replacement type deposits both globally and in British Columbia's Golden Triangle. The Company has leveraged this information at the Blue Property to tailor an already proven exploration model and believes this could facilitate a major discovery. Core Assets is excited to become one of Atlin Mining District's premier explorers where its team believes there are substantial opportunities for new discoveries and development in the area.

We seek Safe Harbor.