Update On The Rimrock and Gold Jackpot Properties

VANCOUVER - CAT Strategic Metals Corporation reported that it has just completed a 43-101 compliant technical report on Rimrock, in Elko County, Nevada, and is about to start a new program of geological mapping and rock chip sampling, and a geophysical program of drone aerial magnetics, a ground gravity survey, and 2-line induced polarization programs on both the Rimrock and Gold Jackpot properties, beginning in May. Rimrock also lies directly on the Carlin Trend, which extends through the property. Drilling exploration on Rimrock has found Carlin-style gold-silver mineralization, associated with the Eocene Hatter stock and possible offshoots.

Exploration, reported in CAT's new technical report, has delineated 4 target areas that may have gold-silver mineralization. The Dilation gold-silver target zone in the northern part of the Rimrock property, which has fault-controlled mercury mineralization exposed in a large, wide fault-jog structural target at the surface. The main drilling target will be in this fault jog at the 5100 foot (1555m) MSL elevation level, which was the centroid elevation of the main high-grade gold-silver ore mineralization in similar vein systems mined and the Columbus Breccia target in the northeastern part of the Rimrock property.

In addition to the gold-silver target areas, a large-size occurrence of bentonite is covered by the central part of CAT's claims, that overlies the gold-silver bearing strata. Bulk sampling of this deposit took place, and Halliburton examined the occurrence in the late 2000s. Further work is being done on the bentonite to determine its possible economic value.

CAT controls a 100% undivided ownership in the Gold Jackpot mineral property, comprising 62 lode mining claims totaling 1,280 acres (518 Ha). Gold Jackpot adjoins and lies 70 km north of Nevada Gold Mines LLC's Long Canyon gold mine, and is situated in the Pequop gold-porphyry copper trend, 135 km (81 mi) northeast of Elko.

Gold Jackpot has porphyry and diatreme copper-gold targets, as well as Carlin-Style gold mineralization with outcrop gold values of up to 1.2 ppm Au along a 3.5 Km length of a major range-front fault system. Strong Carlin-style acid-leach rock alteration is present in and immediately west of the property. A new program of geologic mapping and rock chip sampling will begin in May. A drone aerial magnetic survey and ground gravity surveys will be conducted on Gold jackpot in May-June, and an induced polarization survey in the 3rd quarter of 2021, concurrent with the work on the Rimrock property.