Mr. Joseph Kizis Jr. reports

EQUITY METALS TO ACQUIRE 100% OF THE ARLINGTON GOLD PROPERTY

Equity Metals Corp. has received TSX Venture Exchange approval of the letter agreement with Origen Resources Inc. dated Nov. 5, 2024 (the Arlington agreement), pursuant to which the company has the option to earn a 100-per-cent interest in nine claims, totalling 3,583.89 hectares, located within the Boundary district of south-central British Columbia.

Pursuant to the Arlington agreement, the company has now paid Origen $80,000 ($30,000 of which is reimbursement of costs associated with the bond posted in regards to the current drill permit to be assigned to Equity) and has issued to Origen 944,686 common shares of Equity valued at $200,000. In order to exercise its option under the Arlington agreement, the company must also meet the following obligations within one year: (i) pay Origen $50,000; (ii) issue to Origen two million shares; and (iii) incur exploration expenditures of $250,000 on the Arlington property.

Origen will retain a royalty of 2 per cent of net smelter returns, provided that the company may purchase 1 per cent of such royalty at any time for the price of $1-million.

Initial work on the project by Equity will include detailed soil sampling, geological mapping, prospecting and potentially trenching toward further refinement of the known targets to be followed by initial drilling in 2025.

See the company's news release dated Nov. 12, 2024, for further details on the Arlington property and previous work completed on the project.

About Equity Metals Corp.

Equity Metals is a Malaspina-Manex Group company. The company owns a 100-per-cent interest, with no underlying royalty, in the Silver Queen project, located along the Skeena arch in the Omineca mining division of British Columbia. The property hosts high-grade, precious-metal and base-metal veins related to a buried porphyry system, which has been only partially delineated. The company also has a controlling JV (joint venture) interest (57.49 per cent) in the Monument diamond project, Northwest Territories, strategically located in the Lac De Gras district within 40 kilometres of both the Ekati and Diavik diamond mines, and an option to earn a 100-per-cent interest in the Arlington Au-Ag-Cu (gold-silver-copper) property in Southern British Columbia.

Robert Macdonald, MSc, PGeo, is vice-president of exploration of Equity Metals and a qualified person as defined by National Instrument 43-101. He is responsible for the supervision of the exploration on the Silver Queen project and for the preparation of the technical information in this disclosure.

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