C3 Metals outlines geophysical anomalies at Khaleesi

Mr. Dan Symons reports C3 METALS GEOPHYSICAL PROGRAM SIGNIFICANTLY ENHANCES KHALEESI COPPER-GOLD DRILL TARGET, PERU Recently completed ground-based geophysical surveys have identified large-scale anomalies coincident with high-tenor soil geochemistry on C3 Metals Inc.'s 100-per-cent-owned Khaleesi copper-gold project in southern Peru. Magnetic (mag), induced polarization (IP) and magnetotelluric (MT) anomalies coincide with a recently defined high-grade copper-molybdenum-in-soil anomaly measuring 1,900 metres by up to 650 metres and a high-grade copper-zinc-in-soil anomaly measuring 470 metres by 400 metres (see press release dated Feb. 19, 2025). A maiden 14-hole, 6,000 metres maiden diamond drill program is anticipated to commence during Q3 2025. Dan Symons, president and chief executive officer, stated: "Khaleesi is a highly compelling, undrilled copper-gold mineralized skarn, porphyry prospect in a world-class porphyry-skarn belt. Results of the IP, mag and MT surveys provide invaluable information for realizing the large-scale potential of the hydrothermal system at Khaleesi. We now have a robust data set to optimally target both the porphyry- and skarn-style copper mineralization. Importantly, IP and mag survey data also confirms large anomalies continue beneath and proximal to an area of glacial till cover where there is no outcropping rock at surface. With multiple large copper mines within 45 kilometres of Khaleesi, we have reason to be excited to move into the first-ever drilling program for the project." Highlights of the Khaleesi exploration program to date: The mag survey confirms a large, near-surface magnetic body that separates into two bodies at depth. This mag anomaly is coincident with IP chargeability and resistivity anomalies and areas with high copper geochemistry in soils. The IP survey defined two discrete near-surface IP chargeability anomalies with coincident resistivity anomalies, which extend to the maximum depth for this IP survey reliability of approximately 600 vertical metres: Porphyry copper target -- coincident IP chargeability-high and resistivity-high anomalies positioned beneath an 800-metre-by-400-metre copper-molybdenum-in-soil anomaly averaging 950 parts per million copper, where porphyry-style copper mineralization has been mapped at surface. Copper skarn target -- IP chargeability and coincident resistivity-low anomalies correlate with a 470-metre-by-400-metre copper-zinc soil anomaly averaging 1,260 parts per million copper that is open along strike to the north, south and to depth; For reference, copper in soils at or above 300 parts per million is considered anomalous and represents high-priority target areas for further exploration. The MT/AMT (audio magnetotelluric) survey shows a large conductive body coincident with the IP and mag anomalies, which also extends to depth. Field mapping confirmed a 3.3-square-kilometre porphyry, skarn and epithermal alteration zone: Outcrop samples assayed up to 2.82 per cent copper, 6.0 grams per tonne gold, 57.7 grams per tonne silver and 403 parts per million molybdenum (see press releases dated Oct. 22, 2024, and Jan. 8, 2025). Coincident geophysical anomalies, along with the recently defined copper-in-soil geochemical anomalies, provide further support for the interpretation of a potentially significant porphyry, skarn and epithermal copper-gold hydrothermal system at Khaleesi. Grid soils defined a 470-metre-by-400-metre-wide copper-zinc-in-soil anomaly, with soils averaging 1,260 parts per million copper and 450 parts per million zinc. Grid soils also defined a significant copper-molybdenum anomaly, which extends for over 1,900 metres by up to 650 metres; two discrete zones average 950 parts per million and 650 parts per million copper, respectively. Soil sampling also covered a 1.3-square-kilometre area with a thin glacial till cover, varying from less than one metre to 15 metres in thickness. Glacial till appears to conceal interpreted extensions of the skarn and porphyry mineralized zones. The geophysical data support the interpretation of the connection of these zones beneath the till occurrence. Khaleesi is located eight kilometres west of the company's Jasperoide project, where the company confirmed 13 skarn prospects along a 28-kilometre iron-skarn belt. Montana de Cobre (MCZ) is the first of these skarns the company systematically drill tested, yielding a near-surface measured and indicated mineral resource of 51.9 million tonnes at 0.50 per cent total copper and 0.20 gram per tonne gold for 569.1 million pounds of copper and 326,800 ounces of gold. Khaleesi represents a rare opportunity to explore an undrilled copper-gold-mineralized skarn, porphyry and epithermal prospect on the world-class Andahuaylas-Yauri porphyry-skarn belt. The company has strategically amalgamated a significant mineral concession package of over 31,000 hectares within 45 kilometres of the large Las Bambas (MMG) and Constancia (Hudbay Minerals) copper mines. Several major and intermediate mining companies hold mineral concessions surrounding C3 Metals' mineral concession package and in the district. Geophysical survey program details Geophysical surveys completed comprised a 45.5-line-kilometre ground mag survey (100-metre-spaced lines), a 24.5-line-kilometre IP survey (200-metre-spaced lines) and 14 full-tensor stations of MT over the Khaleesi project area. The surveys covered an area of approximately 4.4 square kilometres and focused on covering an extensive area with outcropping porphyry, skarn, epithermal copper-gold-molybdenum mineralization, including the central project area covered by glacial till. A high-resolution ground mag survey confirmed a large magnetic body (1,200 metres by 800 metres) defined after an MVI (magnetization vector inversion) and is coincident with two chargeability and coincident resistivity anomalies. The magnetic body splits at approximately 600 metres to 700 metres depth, separating into two large cohesive bodies. Each of these magnetic bodies measure approximately 800 metres by 800 metres. The IP survey was highly successful in defining two cohesive chargeability and coincident resistivity anomalies that extend along strike for up to 1,200 metres and are up to 1,000 metres in width. These IP anomalies are coincident with the Skarn zone and South zone copper-in-soil anomalies. The chargeability anomalies appear to converge at a depth of 450 metres beneath the till occurrence. The MT survey was undertaken to detect basement electromagnetic (EM) conductors and anomalous resistivity zones, which can be indicative of potential copper-gold porphyry systems. The MT survey successfully defined a large body coincident with the IP and magnetic anomalies. Next steps Initial mapping and sampling at Khaleesi defined an alteration footprint spanning 1,500 metres by 1,000 metres. Subsequent soil sampling defined multiple large-scale and coherent copper-in-soil anomalies located over a significant zone of mapped porphyry-skarn-epithermal styles of mineralization. Newly acquired mag, IP and MT data provide further evidence for a sizable system that appears to connect in the central project area beneath the glacial till occurrence. Based on all data collected to date, the Khaleesi project is ranked highest priority for drill testing. The company has designed a 14-hole, 6,000-metre maiden diamond drill program that will target both the Skarn and South zones as well as beneath an area of glacial till that sits between these zones. The company anticipates it will commence this maiden drill program during Q3 2025. About C3 Metals Inc. C3 Metals is a mineral exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The company holds approximately 31,000 hectares located in the prolific high-grade Andahuaylas-Yauri porphyry-skarn belt of southern Peru. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). At Jasperoide, the company has identified over 15 skarn prospects and an outcropping porphyry system over two parallel 28-kilometre belts. The company has published a maiden resource estimate on the first of these skarn targets, which contained measured and indicated resources of 52 million tonnes at 0.5 per cent copper and 0.2 gram per tonne gold. The company is also actively exploring in Jamaica, where it has identified 16 porphyry, 40 epithermal and multiple volcanic red-bed copper prospects over a 30-kilometre strike extent. The company holds a 100-per-cent interest in 17,855 hectares of exploration licences, of which Freeport-McMoRan Exploration Corp., a wholly owned affiliate of Freeport-McMoRan Inc., has the option on 13,020 hectares to earn up to a 75-per-cent interest by financing up to $75-million (U.S.) of exploration and project-related expenditures. The company also holds a 50-per-cent interest in 9,870 hectares in a joint venture with Geophsyx Jamaica Ltd., the largest mineral tenure holder in the country. Barrick Gold Corp. announced on May 1, 2024, that it had entered into an earn-in agreement with Geophysx Jamaica on approximately 400,000 hectares of exploration licences, several of which surround C3 Metals' mineral concessions. Mining is currently the second-largest industry in Jamaica, and historical mining dates back to the colonial eras of the 1500s (Spanish) and 1800s (British). QP Statement Stephen Hughes, P.Geo. is Vice President Exploration and a Director for C3 Metals and is a Qualified Person as defined by National Instrument 43-101. Mr. Hughes has reviewed the technical information in this news release and approves the written disclosure contained herein. Technical Program Induced Polarization (IP) measurements were carried out with the Pole-Pole configuration and 8 channels of 100 meters separation each. The advance was made every 50 metres to increase the horizontal resolution of the lines. The injection pulse was 2 seconds, and a current injection duty cycle of 50% was used. In total, 7 lines were completed for 24.5 surveyed kilometres. Ground Magnetometry totalling 13 East-West lines of 3.5 km each of length and with a line spacing of 100 metres. A total of 45.5-line kilometres were surveyed and readings were measured with one rover Overhauser magnetometer, with an upgraded omnidirectional sensor, and one proton precession for the base station. The readings for the rover unit were taken using a sampling frequency of 1 Hertz, while the base station used a sampling frequency of 1 reading every 3 second. Magnetotellurics and Audio-Magnetotellurics (AMT) comprised of 14 full tensor stations surveyed in two profiles with 7 stations each, using a distance of 300m between them. Each station was configured as a full-tensor mode, using three magnetic coils (Hx, Hy, Hz) and two electric channels (Ex, Ey). The coils cover a full frequency range of 0.0001 - 10,000 Hz, spanning both MT and AMT signal. Seven stations were installed day by day, 6 stations on the line and one station as a remote base to correct the noise. We seek Safe Harbor.