iMetal Resources Inc. announced the assay results of the fall 2022 drill campaign at Gowganda West (GW). GW is an exploration-stage gold project about 100 km south-southeast of Timmins, Ontario, contiguous to Aris Gold Corp.'s Juby Project in the Shining Tree Camp of the southern part of the Abitibi Greenstone Gold Belt; contiguous also with the Knight project that is part of the Strategic Partnership between Orefinders Resources Inc. and Agnico Eagle Mines Limited. A total of seven drill holes were completed for a total meterage of 2611m.

All seven holes intersected gold mineralization in multiple intervals. Highlights include: Hole IMGW-22-01: 1.00m at 0.71 grams per tonne gold, ("g/t"), from 397.0 metres; Hole IMGW-22-02: 0.80m at 4.6 g/t, from 47.1 metres; Hole IMGW-22-03: 6.00m at 0.52 g/t, from 245.5 metres. Hole IMGW-22-05: 5.90m at 0.95 g/t, from 161.5 metres; Hole IMGW-22-06: 9.00m at 0.75 g/t, from 304.0 metres Including 0.80m at 4.1 g/t; Hole IMGW-22-07: 0.80m at 4.1 g/t, from 106.3 metres.

The results strongly suggest all previously encountered gold zones at Gowganda West continue along strike and up dip (towards surface), with gold trends now intersected over a strike of at least 1000m. Equally as important, the gold system continues to grow as a new gold trend to the east was discovered, as part of the multiple parallel gold zones encountered. The system is now open along 500m of width, 1000m of strike and 200m of depth.

Mineralization continues to show strong similarities to the nearby Juby Deposits (which has a current resource containing 0.77 Moz Au Indicated and 1.5 Moz Au Inferred). The company adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses. Drill core will be securely transported to the rented core facility in Larder Lake which has gate only access.

Samples will be sawn in half, labelled, placed in sealed, securitized bags and shipped directly to ALS Laboratories in Rouyn-Noranda, Quebec for analysis. ALS Geochemistry Rouyn-Noranda is a Standards Council of Canada (SCC) accredited facility that conforms with both CAN-P-1579 and CAN-P-4E ISO/IEC 17025. QA/QC control procedures include the systematic insertion of duplicate, blank and certified reference materials (CRM) at regular intervals into the sampling stream.

Geochemistry analyses will consist of gold by fire assay and atomic absorption spectrometry (Au-AA26) with overlimit values subsequently analyzed using the gravimetric finish (Au-GRA22) technique. Where elected select samples may be analyzed for multi-element using a four acid/inductively coupled plasma mass spectrometry (ME-MS61) analysis.