Mr. Dan Symons reports

C3 METALS INTERSECTS 208M AT 0.43% COPPER AND 0.20 G/T GOLD (0.57% CUEQ1) FROM ONLY 22M DOWNHOLE, INCLUDING 135M AT 0.52% COPPER AND 0.27 G/T GOLD (0.71% CUEQ1) AT BELLAS GATE, JAMAICA

C3 Metals Inc. has received assays for the first drill hole of the 2023 program at the Camel Hill copper-gold porphyry prospect. Camel Hill is approximately 4km southeast from the Provost porphyry within C3 Metals' 100% owned Bellas Gate project, where the Company recently announced excellent drill results (see press release dated September 25, 2023).

Drilling HighlightsCMH8350-001 assayed 207.8m at 0.43% copper and 0.20 g/t gold (0.57% CuEq1) from 22.0m, including 135.0m at 0.52% copper and 0.27 g/t gold (0.71% CuEq1). Lower half of the CMH8350-001 intersected strongly altered diorite porphyry with pyrite-rich (5-15%) quartz stockwork veining. Diorite appears to be cut by an interpreted diatreme breccia to the west. Assays pending for two further completed drill holes at Provost (PVT0900-003 - 418.6m) and Camel Hill (CMH8275-001 - 504.3m).Diatreme breccia with vuggy residual quartz fragments indicates preserved high-sulphidation alteration and mineralized system at depth.Two additional drill holes are well advanced.Provost drill hole PVT0900-002 intersected 390.7m at 0.37% copper and 0.19 g/t gold (0.50% CuEq1), including 279.5m at 0.43% copper and 0.24 g/t gold (0.60% CuEq1).

Dan Symons, President and CEO, stated, "After reporting strong initial results at the Provost porphyry approximately 4km from Camel Hill, we now have intersected even higher grade copper-gold mineralization, essentially from surface, in the first drill hole of this program at Camel Hill. Drilling to test for depth extensions of the Camel Hill mineralization is currently underway. Over time we intend to systematically drill test this entire 4km porphyry footprint extending from Camel Hill to Provost. Assays are pending for multiple drill holes, all of which display visible copper sulphide mineralization."

The Company is evaluating a cluster of high priority copper-gold porphyry and associated epithermal targets that extend from Camel Hill to Provost (Figure 1). Drilling has two goals: firstly, building a significant volume of near-surface copper-gold mineralization and secondly, delineating higher-grade, bornite-rich potassic cores commonly found in most economic porphyry systems.

A total of 32 drill holes have been completed at the Camel Hill area and approximately 80% of these drill holes are vertical; multiple holes were completed in BQ core size. Some drill collar locations of historical holes could not be field confirmed with the degree of accuracy required (Figure 2).

CMH8350-001 was designed to test the western extension of copper-gold mineralization beyond drill hole CAM92-06, which terminated in copper mineralization. CMH8350-001 intersected an interpreted diatreme breccia west of CAM92-06, which appears to be syn-mineral and potentially venting off the shoulder or top of a second porphyry system at depth. The breccia contains fragments of pyrite-mineralized intrusive, andesite volcanic fragments and vuggy residual quartz fragments, indicating a potential high-sulphidation mineralized system at depth (Figure 4).Figure 1: C3 Metals' Bellas Gate project location map showing geology and high priority copper-gold porphyry and epithermal prospects along two porphyry and epithermal copper-gold belts. Note the locations of two drill rigs currently operating.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2661/182855_89eee4228411db57_001full.jpg

Drilling at Camel Hill confirms a high-level "bell-type" porphyry system overprinted by intermediate sulphidation epithermal copper-gold mineralization. Copper mineralization comprises disseminated chalcopyrite and chalcopyrite in veins hosted by strongly altered andesites and intrusive diorites and monzodiorites. Drill results continue to support the interpretation of a well-developed and fertile hydrothermal system extending over 4km from Camel Hill to Provost.

Next Steps

Drilling at Bellas Gate continues to evaluate two parallel copper-gold porphyry and epithermal belts using two rigs. The Company's man-portable rig is currently drilling a porphyry copper-gold system at Provost that is overprinted by high and intermediate sulphidation epithermal style mineralization. The larger capacity contract rig has just commenced the first deep hole of the program at Camel Hill.

C3 Metals looks forward to providing further updates as drilling progresses and anticipates a steady flow of assay results.

ABOUT C3 METALS INC.

C3 Metals Inc. is a mineral exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company is actively exploring in Jamaica where it has identified 16 porphyry and 40 epithermal prospects over a 30km strike extent across its 20,700 hectare exploration licences package. Mining is currently the second largest industry in Jamaica, and historical mining dates back to the colonial eras of the 1500s (Spanish) and 1800s (British). The Company also holds approximately 24,000 hectares located in the prolific high-grade Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). At Jasperoide, the Company has identified over 15 skarn prospects and an outcropping porphyry system over two parallel 28km belts. The Company has published a maiden resource estimate on the first of these skarn targets, which contained Measured & Indicated Resources of 52Mt at 0.5% copper and 0.2 g/t gold.

QP Statement

Stephen Hughes, P.Geo. is Vice President Exploration and a Director for C3 Metals and is a Qualified Person as defined by National Instrument 43-101. Mr. Hughes has reviewed the technical information in this news release and approves the written disclosure contained herein.

Technical Program

C3 Metals adheres to a strict QA/QC protocol for handling, sampling, sample transportation and analyses. Chain-of-custody protocols are designed to ensure security of samples until their delivery at the laboratory.

Samples were cut at C3 Metals' operations base in Bellas Gate, St Catherine, Jamaica by Company personnel. Diamond drill core was sampled in maximum 3-metre intervals, stopping at geological boundaries, and using a rock saw. Core diameter is a mix of HQ3 and NQ3 depending on the depth of the drill hole. Samples were bagged, tagged and packaged for shipment by DHL air freight service to the ALS preparation laboratory in Sudbury, Ontario, Canada where entire samples were crushed to 70% passing 10 mesh (2mm), and a 250g split was pulverized to 85% passing 200 mesh (75microm).

The prepared samples were sent to the ALS assay laboratories in Vancouver, Canada for copper, gold and silver assays, and multi-element ICP. ALS is an accredited laboratory which is independent of the Company. Gold assays were by fire assay fusion with AAS finish on a 30g sample and the overlimit gold assay was completed by fire assay and gravimetric finish on 30g sample. Copper and silver were assayed by ICP-AES following a 4-acid digestion on the ME-ICP61 package for a suite of 33 elements and the over limit copper by 4-Acid digestion and assayed by ICP-AES on each sample with copper greater than 10000ppm (1%). Copper and gold standards as well as blanks and duplicates (coarse crush split) were randomly inserted into the sampling sequence for quality control. On average, 9% of the submitted samples are quality control samples. No data quality problems were indicated by the QA/QC program.

We seek Safe Harbor.