Mr. Terry Christopher reports

ZONTE METALS COMMENCES DRILLING AT THE K6 TARGET ON ITS CROSS HILLS COPPER PROJECT

Zonte Metals Inc. has commenced drilling at the K6 target on its Cross Hill copper project in Newfoundland and Labrador.

Terry Christopher, president and chief executive officer, commented: "After three years of additional exploration, the company has resumed drilling at the Cross Hills copper project. The initial two years of exploration and drilling focused on magnetic and gravity geophysical highs. The revised exploration program over the last three years was designed to better identify geological, geophysical and geochemical signatures that could represent sites where copper mineralization is present. K6, which is the smallest known target, is one of the 11 targets the company has discovered throughout the Cross Hills copper project and a discovery on any one of these targets could point to a new copper belt in Canada."

Zonte acquired the Cross Hills copper project in late 2017 based on the strong hydrothermal system present within the project. Known copper mineralization at the time was limited to several copper showings. The company's initial two years of exploration were focused on exploring and drilling geophysical highs. Copper was discovered throughout the drilling programs with some of the better drill intersected mineralization sitting peripheral to the geophysical anomalies. As an example, CH-19-04, intersected a number of isolated copper zones, including a narrow high-grade interval of 14 per cent copper over 0.43 metre, while other drill holes returned low grades of mixed disseminated sulphides containing copper and spaced fractured-controlled copper mineralization over long intervals (see press releases dated April 23, 2019, March 3, 2020, and Nov. 24, 2020).

With the success of the initial drilling, which was based on limited exploration, the company recognized a fertile copper system that required additional examination. The last three years of surface exploration have provided a comprehensive data set that will be used to assist in testing the 11 known targets. The drilling will be targeting locations where multiple overlapping data sets indicate possible sites where copper mineralization might occur, with the K6 being the first target to be tested.

Qualified person

Donald Blake, PGeo, is the qualified person as defined by National Instrument 43-101 and has reviewed and approved the contents and technical disclosures in this press release.

About Zonte Metals Inc.

Zonte Metals is a junior explorer focused on gold and copper. The company owns 100 per cent of the MJ project, in the Tintina gold belt, located in Yukon; the Wings Point project in the new central Newfoundland gold belt; and the Cross Hills IOCG (iron oxide copper/gold), project located in Newfoundland and Labrador. In Colombia, the company has a 25-per-cent carried interest in Project X, where historic drilling intersected significant gold mineralization and the company and its partner have an application over open areas sitting on top of the open pit outline of the Gramalote deposit in Colombia, which is held by AngloGold Ashanti and B2Gold. The title issuance is being contested by the state governing the application and the company has started legal action to protect its rights.

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