Mr. Rory Quinn reports

YUKON METALS ANNOUNCES POSITIVE RESULTS OF UP TO 14.1 G/T GOLD AND 4,260 PPM COPPER FROM SURFACE ROCK CHIP AND SOILS SAMPLING UP TO 0.99 G/T GOLD AT ITS BIRCH PROPERTY

Yukon Metals Corp. has provided an exploration update on its 2,285-hectare Birch project, located approximately 65 kilometres northeast of Burwash Landing.

Fieldwork commenced at the Birch property on Aug. 3, 2024, including a soil sampling and prospecting program. Assays from 341 of 530 samples on a 50-metre-by-100-metre grid over the northern anomaly were received and show encouraging Au (gold) and Cu (copper) results up to 0.988 g/t (gram per tonne) Au and 2,310 ppm (parts per million) Cu. The anomalous zone trends roughly east-west and extends over 1,400 metres. A rock-chip sample over this zone contains 14.1 g/t gold and 4,260 ppm copper within pyrite-chalcopyrite rich skarn. Field mapping indicates the geology of the project area comprised schists and marble units, moderately to strongly oxidized felsic intrusive, and patchy oxidized porphyritic rhyolite dikes.

Rory Quinn, president and chief executive officer, stated: "We are excited about these first-pass results that have clearly identified a copper and gold mineralized system that has significant scale as demonstrated by the soil anomaly being over 1,400 metres long. The exceptionally high gold grades of up to 14.1 g/t from the surface rock chip program taken in the same area also point to the potential of the system to host economic grades. The metal association and the geology of the prospect area all point to the prospectivity for a gold-rich copper porphyry system that is largely preserved. The project area also has relatively benign topography and is located 65 kilometres from the Alaska highway."

Yukon Metals will follow up on the soils results by using a combination of electrical resistivity tomography and induced polarization geophysics to delineate bedrock structure.

About the Birch project

Yukon Metals owns 100 per cent of the Birch project located 65 km northeast of the community of Burwash Landing, and accessible via helicopter. The Birch project lies predominantly within the Finlayson assemblage of the Yukon-Tanana terrane, consisting of variably carbonaceous schist and quartzite, marble, garnet amphibolite and rare metaplutonic rocks.

The Yukon-Tanana terrane structurally overlies the Ruby Range batholith which is regionally mapped in the northeastern portion of the property occurring as Ruby Range quartz-feldspar porphyry and Rhyolite Creek porphyry and intermediate and felsic volcanic rock (Israel et. Al., 2011).

Cu-Zn (copper-zinc) and Mo (molybdenum) mineralization was first identified in the area in the early 1970s as part of a small exploration campaign which uncovered several skarn horizons in the northern project area, as well as molybdenite in quartz veins and stringers in granodiorite float on the southeastern side of the property (Minfile 115G 077). Gold was not assayed for until interest renewed in the early 2010s with soil and mapping exploration work over the area uncovering several high soil anomalies ranging from 0.02 to 15 g/t Au.

The Birch claims were staked over copper skarn and soil gold anomalies in 2022 by Lapie Mining Inc., and subsequently acquired by Yukon Metals in 2024 as part of the Berdahl land package.

Vision Quest, a Yukon first nations-owned and operated exploration company working closely with Yukon Metals, conducted the sampling program using field staff whose traditional territory includes the Birch property.

Sample methodology

Rock and soil samples were sent to ALS Minerals for analysis with sample preparation in Whitehorse, Yukon, and analysis in North Vancouver, B.C.

Rock samples were prepared by crush to 70 per cent passing two millimetres, 250 g split pulverized better than 85 per cent passing 75 micrometres (Prep-31A). Pulp samples were analyzed for 34 elements by four-acid digestion and ICP-AES (ME-ICP61). All samples were analyzed for gold by fire assay and AAS with a 50 g nominal sample weight (Au-AA24). Samples over 10 g/t Au were assayed by 50 g sample fire assay with gravimetric finish (Au-GRA22).

Soil samples were collected with a battery-powered permafrost soil drill collecting high-quality samples below boulders and frozen ground to depths of one m. This technique was designed specifically for Yukon geochemical exploration to better delineate mineralization along steep, rocky and permanently frozen north-facing slopes unsuitable for traditional soil sampling techniques. Samples were dried and sieved to 180 um (Prep-41A) and analyzed for 51 elements by aqua regia digestion and ICP-MS and ICP-AES (AuME-TL44).

Qualified person

The technical content of this news release has been reviewed and approved by Helena Kuikka, PGeo, as the qualified person (as defined by National Instrument 43-101).

About Yukon Metals Corp.

Yukon Metals represents a property portfolio built on over 30 years of prospecting by the Berdahl family, the prospecting team behind Snowline Gold's (SGD) portfolio of primary gold assets. The Yukon Metals portfolio consists primarily of copper-gold and silver-lead-zinc assets, with a substantial gold and silver component. The company is led by an experienced board of directors and management team across technical, exploration and finance disciplines.

Yukon Metals is focused on fostering sustainable growth and prosperity within Yukon's local communities, while simultaneously enhancing shareholder value. Its strategy centres around inclusivity and shared prosperity, offering both community members and investors the chance to contribute to, and benefit from, its ventures.

The Yukon

The Yukon ranks 10th most prospective for mineral potential across global jurisdictions according to the Fraser Institute's 2023 Survey of Mining Companies, and is host to a highly experienced and conscientious local work force, fostered by a long culture of exploration coupled with deep respect for the land. Recent major discoveries with local roots such as Snowline Gold's Rogue project -- Valley Discovery, demonstrate the Yukon's potential to generate fresh district-scale mining opportunities.

We seek Safe Harbor.