Capella Minerals Ltd. announced that it has been granted exploration permits covering five priority gold-copper ("Au- Cu") targets on its Northern Finland Gold-Copper project. The Company's initial priorities will be on the evaluation of potential extensions to Outokumpu Oy's former Saattopora gold-copper mining operation ("Saattopora W permit"), together with initial diamond drill testing of the historical gold-copper Bottom of Till ("BoT") geochemical anomalies defined by Anglo American plc in the Killero area ("Killero E permit"). The Company's target areas lie adjacent to the Sirkka thrust zone, a well-mineralized structural corridor in the Central Lapland Greenstone Belt which hosts a number of recent exploration discoveries (such as Rupert Resources' Ikkari gold project).

The granted exploration permits allow the Company to undertake more detailed field evaluations - including ground geophysical surveys and diamond drilling - within the individual target areas. Engagement with local communities /stakeholders to discuss upcoming work programs will also be a priority over the coming months. Capella currently holds a 70% interest in the five target areas through a Joint Venture ("JV") agreement signed with Cullen Resources Ltd. (Cullen) (see Company News Release dated August 24, 2021).

Locations of the five granted exploration permits (Saattopora W, Keisunselka, Jolhikko, Katajavaara, and Killero E) within the Northern Finland Gold-Copper Project.