Mr. Joseph Anthony Kizis Jr. reports

EQUITY METALS INITIATES SUMMER EXPLORATION PROGRAM ON THE ARLINGTON GOLD PROPERTY, BRITISH COLUMBIA

Equity Metals Corp. has initiated its 2025 summer exploration program on the Arlington property in Southern British Columbia.

The fully financed 2025 exploration program consists of an initial DCIP (direct-current induced polarization) geophysical survey over the Fresh Pots geochemical anomaly, an airborne lidar (light detection and ranging) survey over the entire property, further surface sampling and mapping of specific target areas, and a 3,000-metre core drilling program designed to test prominent surface soil and rock anomalies in the south Fresh Pots target.

Exploration crews have mobilized to the property in preparation for a 26-line-kilometre DCIP geophysical survey. The survey is anticipated to take 15 to 20 days to complete and aims to provide subsurface target definition of strongly pyrite-arsenopyrite-gold-bearing veins and fracture sets identified in surface sampling carried out between 2021 and 2024. The Fresh Pots target itself is a broad 800-metre-by-2,000-metre gold-in-soil anomaly that extends in a north-northeast direction through the centre of the property and is on trend with the Rona showing. To date, 2,271 soil samples have been collected over the Fresh Pots and Rona targets, with 75 samples returning more than 100 parts per billion (ppb) gold (Au) and eight samples returning more than one ppm Au (one gram per tonne (g/t) Au).

The Fresh Pots soil anomaly is further characterized by a prominent magnetic low and an elevated K/Th (potassium/thorium) radiometric signature identified in an airborne magnetic/radiometric survey flown over the entire 5,387-hectare Arlington property in January, 2025.

Drilling, which is anticipated to start in mid to late-May, will initially target broad clusters of strongly anomalous Au-Ag-As (gold-silver-arsenic) soil anomalies in the south Fresh Pots area. Stepouts from the initial targets will be guided by both drill success and results of the IP (induced polarization) survey. Additional surface sampling and mapping toward further drill target definition are planned for the north Fresh Pots, Rona and other target areas on the property, and will include several new claims that were staked earlier this year.

Vice-president of exploration Rob Macdonald commented: "The Arlington property represents a new and exciting early-stage exploration project with tremendous discovery potential. Multiple drill-ready targets exist on the property, and the upcoming DCIP survey should further enhance the subsurface projections of mineralization identified in earlier soil and rock sampling. Drilling is anticipated to start in three to four weeks time that will test the more advanced targets, while further surface mapping and sampling will be employed to upgrade targeting in several other highly prospective areas. The work is fully funded for 2025."

About Equity Metals Corp.

Equity Metals is a member of the Malaspina-Manex Group. 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- and base-metal veins related to a buried porphyry system, which has been only partially delineated. A significant resource has been developed on four of the high-grade veins, with an aggressive expansion drilling program planned during 2025. Deeper porphyry-copper mineralization has been intersected but has been only partially delineated. See the news release dated Jan. 16, 2022, for a summary of the resource, with the full National Instrument 43-101 technical report available on the company's profile on SEDAR+ or Equity's website.

The company also has a controlling joint venture (JV) 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. As well, the company has an option to acquire a 100-per-cent interest in the Arlington property, located within the Boundary district of south-central British Columbia.

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

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