Mr. Terry Christopher reports

ZONTE METALS OUTLINES A LARGE DRILL TARGET AT THE K9 ANOMALY, ON ITS CROSS HILLS COPPER PROJECT.

Zonte Metals Inc. has advanced the K9 target to drill stage.

Highlights.

• Identification of a large gravity anomaly that is spatially associated with a magnetic anomaly, elevated copper in soils and rocks, and is structurally controlled.
• The gravity anomaly measures 1,250 metres by 875 m and plus 750 m depth.

The K9 target area is one of 12 target zones within the Cross Hills copper project. Recent drilling success at the K6 target has provided important insights into the copper mineralizing system that led to this discovery. Leveraging the knowledge gained from K6, the company is advancing several nearby large targets south of K6 including K6S to K7, K8, K9 and K10, to drill-ready status, pending supporting data. The K6 discovery represents an iron-sulphide-copper (ISC) variant within the iron-oxide-copper-gold (IOCG) system, which typically are smaller than traditional large tonnage IOCG deposits. The targets south of K6 are large-scale IOCG prospects, each exhibiting significant gravity and/or magnetic anomalies coincident with geochemical and geological datasets.

The company has now completed and compiled all the geochemical and geophysical data through the K9 target area. The reprocessing of the geophysical data has identified a large gravity anomaly which is spatially coincident with a magnetic anomaly, copper in soils and rocks, sitting in a fault structure, with mapped IOCG alteration. This anomaly now deemed a high-priority target, measures 1,275 metres in length, 875 metres in width and extends to depths exceeding 750 metres. To the east, the anomaly extends beyond the limits various surveys and may be open in that direction.

The K9 gravity anomaly sits about 75 to 100 m below the surface and dips steeply to the east. In and around the anomaly, multiple copper showings and indications have been discovered in bedrock. Grab samples through the area range from anomalous to 1.76 per cent Cu. Silver values in the grab samples range from trace up to 12 g/t with trace gold (see press release date April 21, 2021). Copper mineralization in the target area is composed of bornite, chalcocite and chalcopyrite. Surface alteration above the anomaly is strong, particularly in the area where the gravity anomaly is closest to the surface.

Terry Christopher, president and chief executive officer, comments: "The identification of this very large gravity anomaly at K9, spatially associated with bedrock copper mineralization and elevated copper in soils, presents the company with a significant large-scale drill prospect. The company is also advancing the compilation and processing of data for the remaining targets south of K6. Pending soil data from the lab for these remaining target areas will be integrated with other data sets upon receipt, with results to be shared in an upcoming press release."

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. Mr. Blake is a non-independent consultant to Zonte Metals.

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 the Yukon Territory, the Wings Point project in the new Central Newfoundland gold belt, and the Cross Hills copper 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 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 (NYSE: AU) and B2Gold (TSX:BTO, NYSE: BTG). 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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