Technical Report Supporting Increased Mineral Resource Estimate For High-Grade South Mountain Zinc-Silver-Gold-Copper Project

VANCOUVER - BeMetals Corp. has filed an independent National Instrument 43-101 Mineral Resource Estimate (MRE) Technical Report for the South Mountain Project in southwestern Idaho. The updated MRE has an effective date of April 20, 2021 and was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI-43-101).

John Wilton, President and CEO, said, "We are very pleased with this updated mineral resource and the progress to date at the South Mountain Project. With the efficient deployment of our exploration budget, we have more than doubled the inferred resources and increased the measured and indicated resources by over 21% while maintaining the high-grade nature of mineralization. Drilling over the past two years has focused on the DMEA and Texas zones and both these areas as well as other known zones of mineralization remain open to significant further increase with future underground drilling. The results of the filed technical report supporting the MRE will be incorporated into the ongoing South Mountain Preliminary Economic Assessment (PEA), which is planned for completion in September this year."

This MRE now includes an additional 50 core drill holes (approximately 5,000 meters), of which 30 drill holes (approximately 2,400 meters) were completed during the 2020 program and 20 drill holes (approximately 2,250 meters) from the 2019 campaign. Some results from BeMetals' past two drilling campaigns demonstrate the high-grade nature and continuity of the deposit in both the DMEA and Texas zones. These intersections from the underground drilling on the Sonneman level illustrate the high-grade zinc-silver-gold component of the DMEA Zone mineralization and the increased copper content in the Texas West Zone of the deposit.