Core Assets Corp. announce assay results for channel samples collected from Pete's CRD Target ("Pete's") - a newly discovered high-grade carbonate replacement Target located 1.25 KM north-northwest of the Grizzly CRD Target at the Silver Lime Porphyry-CRD Project("Silver Lime"),central Blue Property ("Property"); Atlin Mining District of NW British Columbia. Core Assets also provides an update on the status of 2022 diamond drilling results.

Pete's CRD Target was identified and extended in 2022 during follow-up prospecting on one surficial grab sample (152236) collected from a 1m x 4m massive sulphide occurrence that assayed 245g/t Ag, 17.8% Pb, 19.6% Zn, and 0.32% Cu. High-grade massive sulphide in the form of carbonate replacement mineralization at Pete's is hosted in limestone near NW-SE trending lithological contacts with biotite schist and is observed intermittently for over 300m. This new Target is located along trend with the limestone units at the high-grade Grizzly CRD Target and the Amp Target - which is host to both massive sulphide carbonate replacement and base metal sulphide veins with exceptional silver, lead, and zinc grades and local copper and gold.

In each Target area, high-grade mineralization is currently observed near predominantly NNE-SSW trending faults and associated splays that have caused minor displacement of the folded stratigraphy. In 2022, during project-wide prospecting and reconnaissance sampling, sulphide-bearing vein samples collected from the Amp Target graded up to 474g/t Ag, 13.7% Pb, 7.6 % Zn, and 0.37g/t Au. Combined, these three Target areas currently boast an average surficial grade of 143g/t Ag, 3.0% Pb, 5.8% Zn, 0.28% Cu, and 0.15g/t Au over 117 surficial samples, defining a 1.57 KM2 zone of carbonate replacement mineralization located within the 6.6 x 1.8 KM mineralized project area.

Core Assets completed 5,355 metres of diamond drilling over 15 HQ-sized holes at the Silver Lime Porphyry-CRD Project in 2022. In October of 2022, the Company reported rushed assay results for select intervals from two drill holes (SLM22-001 and SLM22-011) that contained classic carbonate replacement massive sulphide mineralization, confirming that surface mineralization continues and gets stronger with depth. SLM22-011 (Grizzly CRD Target) returned 1.97m grading 661g/t Ag, 13.2% Zn, 14.0% Pb, 0.27% Cu, and 0.22g/t Au including 1.16m of 1,145g/t Ag, 23.5% Zn, 23.2% Pb, 0.52% Cu, 0.37g/t Au, whereas SLM22-001 (Jackie CRD Target) returned 17.19m of 28g/t Ag, 1.2% Zn, 1.4% Pb, and 0.10% Cu including 1.25m of 215g/t Ag, 9.9% Zn, 8.9% Pb, and 0.36% Cu.

All channel samples were cut in the field using a gas-powered diamond blade rock saw. Locations were marked with spray paint across presumed mineralized horizons and parallel lines were cut approximately 5 centimetres apart. Perpendicular lines were then cut at approximately 1-metre sample intervals.

A hammer and chisel were then used to remove the rock from the channels and the samples were placed in pre labelled sample bags. Locations were obtained using a handheld GPS and azimuth measurements were collected using a compass. All rock samples were shipped by ground to ALS Preparation Facility in Whitehorse, YT where they were finely crushed and sieved to <75 microns.

Samples were then shipped to ALS Geochemistry in North Vancouver, BC where they were analysed for gold by fire assay with an AA finish, over limits for Ag, Pb Cu and Zn and additional elements were analysed using four acid digestion with an ICP-AES finish.