Mr. Dan Symons reports

C3 METALS ANNOUNCES CLOSING OF FULLY SUBSCRIBED $8,050,000 PRIVATE PLACEMENT FINANCING

C3 Metals Inc. has closed its previously announced non-brokered private placement (see news releases dated Nov. 1, 2023, and Nov. 6, 2023) through the issuance of 115 million common shares of the company at a price of seven cents per common share for total gross proceeds of $8.05-million.

Proceeds from the offering will be used primarily for continued exploration programs in Jamaica in addition to exploration and property costs for the Jasperoide, Peru, project, as well as for working capital and general corporate purposes. In connection with the offering, the company paid certain eligible finders cash commissions in the aggregate of $42,600 and an advisory fee of $107,100.

All securities issued in connection with the offering are subject to a hold period expiring on March 16, 2024, and the resale rules of applicable securities legislation. The offering is subject to the final approval of the TSX Venture Exchange.

About C3 Metals Inc.

C3 Metals 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 30-kilometre strike extent across its 20,700-hectare exploration licence 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 28-kilometre belts. The company has published a maiden resource estimate on the first of these skarn targets, which contained measured and indicated resources of 52 million tonnes at 0.5 per cent copper and 0.2 gram per tonne gold.

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