iMetal Resources Inc. announced the completion of drilling at the Company's Carheil project, which lies in the Northern Abitibi Greenstone Belt in Quebec. This phase of drilling included three holes totaling 1,053 metres and was a follow up on the 2016 graphite drilling program which included a highlight intersection of 7.48% Cg over 1.1 meters. The Company engaged DIAFOR Inc. of Malartic, Quebec for this phase of drilling at Carheil.

Access was limited to winter conditions and a faster than normal melt shortened the program slightly. All three holes drilled successfully intersected the target horizon. All samples have been submitted to ALS Geochemistry in Rouyn-Noranda for assaying.

Carheil is an exploration-stage project with multi-metal potential and previous graphite results. The project is about 170 km north of Rouyn-Noranda in the Northern AbitibiGreenstone Belt. The project is under 20 km distance to the west from the past-producing Selbaie Copper-Zinc-Silver-Gold mine (1.1 billion lbs Cu, 2.4 billion lbs Zn, 71 million oz Ag, 1 million oz Au produced from 1981-2004[i), under 20 km distance to the north from Hecla'sCasa Berardi Mine (127.5 Koz Au and 28.2 Koz Ag produced in 2022[ii), and under 40 km to the southeast from Agnico Eagle's Detour Lake mine (713 Koz Au produced in 2021).

Directly bordering the property to the north is Midland Exploration/Probe Metals' La Peltrie project, which recently intersected a 345.5 m of Cu-Mo-Au-Ag mineralization grading 0.21 CuEq[iv]. iMetal cautions investors the presence of mineralization at Selbaie, Casa Berardi, and Detour Lake is not necessarily indicative of similar mineralization on the Carheil property.