Mr. Richard Williams reports

CORNISH METALS ANNOUNCES APPOINTMENT OF MR. STEPHEN GATLEY AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR

Cornish Metals Inc. has appointed Stephen Gatley to the board of directors as an independent non-executive director.

Mr. Gatley is a mining engineer and graduate of the Royal School of Mines, London. He spent the early part of his career working in the Cornish tin industry at both Wheal Jane and South Crofty mines and was the general manager at South Crofty at the time of its closure in 1998. He also worked for Rio Tinto PLC in senior positions at underground base metal mines in both Europe and South America, prior to joining Lundin Mining Corp. where he served as vice-president, technical services, from 2012 to 2021. In this position, he provided technical oversight to Lundin's operating mines and growth initiatives, including the acquisition and subsequent construction of the high-grade Eagle underground nickel/copper mine in Michigan, the acquisition and subsequent expansion of the Candelaria copper open pit and its three underground mines in Chile, and the acquisition and integration of the Chapada copper/gold mine in Brazil.

Mr. Gatley is based in the United Kingdom and has been a director of numerous Lundin Mining Corp. subsidiary companies and remains as a director of its Portuguese subsidiary, Somincor SA. He has previously served as a non-executive director of Alternative Investment Market- and Australian Securities Exchange-listed Union Resources Ltd. and Toronto Stock Exchange-listed Sunridge Gold Corp.

Mr. Gatley stated, "I am delighted to join to the board of a company that is focused on restarting the Cornish mining industry and I look forward to bringing my technical underground mining experience and local knowledge to bear."

Richard Williams, chief executive officer of Cornish Metals, stated: "We are very pleased that Steve has agreed to join our board. He not only has an extensive background in mining but also is very familiar with our South Crofty tin project, which will be extremely valuable as we look to advance our Cornish assets. His commitment to our company is testament to the potential he sees for Cornish Metals to be an important supplier of some of the metals the U.K. needs in the push to net zero and electrification of the economy."

The information in the associated table is disclosed pursuant to Rule 17 and Schedule 2 Paragraph G of the AIM Rules for Companies in relation to Mr. Gatley, aged 61.

Current directorships                              Former directorships and/or
and/or partnerships                  partnerships (within the past five years)

                                                             Galmoy Mines Ltd.
                                                       Lundin Mining U.K. Ltd.
                                                            Lundin Mining Ltd.
Somincor SA                                     Lundin Mining Exploration Ltd.

About Cornish Metals Inc.

Cornish Metals completed the acquisition of the South Crofty tin and United Downs copper/tin projects, plus additional mineral rights located in Cornwall, United Kingdom, in July, 2016 (see company news release dated July 12, 2016). The additional mineral rights cover an area of approximately 15,000 hectares and are distributed throughout Cornwall. Some of these mineral rights cover old mines that were historically worked for copper, tin, zinc and tungsten.

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