Phase III Drill Program At The B26 Polymetallic Deposit

LONDON, ON - Abitibi Metals Corp. has received assay results from the four holes completed before breakup as part of its Phase III drill program at the B26 Polymetallic Deposit. To date, a total of 2,522 meters have been drilled as part of 20,000-meters Phase III program. The remaining 17,500 metres are set to commence with all necessary permits received and both equipment and technical crews (including technicians and drillers) already mobilized on site. The Company currently owns 50% of the B26 Deposit and retains the option to earn an additional 30% from SOQUEM Inc., a subsidiary of Investissement Québec.

"We are very encouraged by these positive initial results from the Phase III drill program," said Jonathon Deluce, CEO. "The assays not only confirm the potential for resource growth, but also align closely with our block model by intersecting mineralization where predicted. This supports both the continuity and predictability of the deposit. These first four holes represent progress on one of the three strategic objectives of Phase III, which is focused on increasing overall resource grade by expanding known higher-grade zones within the block model."