Initiation Of UAV-Platform Airborne Survey AT Twin Peaks Cobalt Project

TORONTO - Champion Electric Metals Inc. announced the initiation of low-altitude orthophotography and aeromagnetic data acquisition at the Company's Twin Peaks Cobalt Project located in the Idaho Cobalt Belt. MWH Geo-Surveys of Reno, Nevada, will conduct the airborne surveys in two stages. First, the contractor will deploy an unmanned aerial vehicle (UAV) to collect detailed orthophotography. The airborne photography and resulting digital terrain model will serve as a base map for subsequent field work and guide safe low-altitude aeromagnetic data acquisition. The subsequent aeromagnetic survey will consist of approximately 640 line-km flown at a nominal sensor height and line spacing of 50 m.

Jonathan Buick, said, "Our field crews have confirmed that the metasedimentary rocks known to host significant copper-cobalt mineralization elsewhere along the Idaho Cobalt Belt are present at the Twin Peaks Project. We anticipate that the detailed aeromagnetic coverage will complement geologic mapping of sub-units within this sequence at Twin Peaks and assist with identification of future drill targets."