23:17:57 EDT Tue 10 Mar 2026
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Clarity Metals Corp
Symbol CMET
Shares Issued 83,426,077
Close 2026-03-10 C$ 0.05
Market Cap C$ 4,171,304
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Clarity Metals begins drilling at Fecteau

2026-03-10 17:33 ET - News Release

Mr. Timothy Ko reports

CLARITY METALS MOBILIZES DRILL RIG AT FECTEAU GOLD PROJECT; DRILLING UNDERWAY

The drill rig has been successfully mobilized to Clarity Metals Corp.'s Fecteau gold project, located in the Abitibi region of the province of Quebec, and drilling is now under way.

The drill rig was transported to site and assigned to its first drill hole (FEC-26-016), located in the eastern portion of the property. (Please see Clarity Metals' news release dated Feb. 17, 2026, for additional details.) The hole is oriented on a strike of N020 degrees with a dip of minus 45 degrees and is planned to a depth of 200 metres. Collar set-up was completed upon mobilization, with drilling initiated Saturday. The company will provide updates on drilling progress as results become available.

"With the rig now on site and turning, we are excited to move this program forward in what continues to be a strong environment for gold exploration. The eastern part of the property has shown us high-grade gold mineralization in prior campaigns and FEC-26-016 is designed to extend our understanding of that system. We look forward to keeping shareholders informed as the program advances," said Timothy Ko, chief executive officer, Clarity Metals.

Program logistics and operational updates

Drilling activities are being managed by Services Technominex Inc. (Technominex), the company's contracted drilling and project management firm. Technominex's drilling foreman will provide a minimum of one operational update per day to the company. A tentative hole sequencing plan is being finalized, with communication of actual execution in subsequent news releases. As with any field program, sequencing may be adjusted in response to ground conditions, weather or other operational considerations. The program design includes opportunity to add holes in areas of more prominent interest as the company tests a blend of targets across the property.

About the drill program

The planned drill program consists of approximately 3,650 metres of NQ-size diamond core distributed over five target areas across the property, with built-in optionality to expand based on field results. FEC-26-016 is the program's first hole, targeting the Fecteau East zone in the eastern part of the property, building on prior intercepts, including FEC-22-05 (14.91 grams per tonne (g/t) gold (Au) over 1.0 metre) and FEC-22-13 (5.98 g/t Au over 0.6 metre). Subsequent holes will test the SW (southwest) target area, the north-central target, the Syncline drill area and the Buteux-Marceau showing across the broader property footprint.

The Fecteau property covers approximately 5,247.47 hectares within the Abitibi greenstone belt, and is situated proximal to Gold Fields' Windfall Lake camp and Bonterra Resources' projects. A total of 17,815 metres has been drilled historically on the property and in the surrounding area since the mid-1970s. The company has invested approximately $1.4-million in exploration at Fecteau to date.

Qualified person

David Albert, PGeo (OGQ No. 00812), geologist and director of professional services at Technominex, a consultancy engaged by the company, is a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the technical information in this news release. Mr. Albert is not independent of the company for the purposes of NI 43-101.

About Clarity Metals Corp.

Clarity Metals is a Canadian mineral exploration project generator company focused on the acquisition, exploration and development of precious and base metals projects. Clarity's exploration mandate is global and focused on countries with established legal and regulatory systems supporting mining investment. The company is based in Vancouver, B.C., and is listed on the Canadian Securities Exchange under the symbol CMET.

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