Clean Air intersects sulphide mineralization at Escape

Executive Summary

• Clean Air Metals intersected >50 m of magmatic sulphide mineralization at depth ~400 m in drill hole EL25‑001, located ~350 m from the current Escape deposit limits.
• The intercept validates a 2.5 km magnetic/electromagnetic trend and opens a major down‑plunge extension opportunity for the Thunder Bay North (TBN) project.
• Assay results are pending; the company plans additional drilling on two high‑priority targets and is advancing its Preliminary Economic Assessment (PEA).

Key Details

• Hole EL25‑001: >50 m of magmatic sulphide mineralization intersected at ~400 m depth in the Escape ultramafic conduit.
• Location: Approximately 350 m west of the known Escape deposit limits, targeting a ballroom‑shaped geophysical anomaly.
• Geophysical Context: First of several coincident magnetic and electromagnetic anomalies drilled in the eastern half of the Escape conduit; defines a 2.5 km prospective trend.
• Future Drilling: Two additional high‑priority magnetic/conductivity targets slated for drilling; further geophysical surveys under consideration to refine conductivity targets.
• Assay Timeline: Results expected in the coming weeks.
• Exploration Strategy: Hole EL25‑001 validates the company’s targeting methodology and serves as a springboard for resource expansion at Escape and the broader TBN project.
• PEA Update: Ongoing work on a Thunder Bay North Preliminary Economic Assessment, including updated resources for Current and Escape deposits and a higher‑grade production model; results anticipated soon.
• Environmental Work: Baseline hydrology and surface water monitoring collected during summer to support future permitting.

Notable Quotes

“We couldn't be more pleased with what we see in this first hole drilled at the Escape down plunge… This hole serves as a springboard for future exploration efforts to expand the resource at Escape while we aggressively advance the Thunder Bay North project.” – Mike Garbutt, CEO, Clean Air Metals

“The success of hole EL25‑001 … is a game‑changer. The hole appears to have hit the edge of the ballroom target… opens up tremendous potential for resource expansion.” – Lionnel Djon, VP Exploration, Clean Air Metals