Equity Metals Corporation reported that crews have mobilized in preparation for the 2024 Exploration Season on its 100% owned Silver Queen Ag-Au project, located in central British Columbia. Up to 6,500 metres of drilling are planned in this first phase of work, which will focus on the George Lake vein system (Figures 1). The George Lake veins were initially identified in limited historical drilling and were only partially tested by Equity's drilling in 2023.

The veins remain open for expansion and will be tested along a potential 600 metre strike-length and up to 400m depth in the upcoming drill program. The company has also prioritized several new targets to be further developed during 2024 in preparation for drilling, including a newly identified polymetallic soil anomaly located north of the Camp Deposit. Drilling will commence in early May and will continue into late June/early July.

Seven holes totalling 2,324 metres were completed in the Summer 2023 drill program on the George Lake target. Drilling confirmed both the historical grade and tenor of mineralization adjacent to the Bulkley Cross-cut (historic underground workings) and extended mineralization 400 metres to the southeast and up to 250 metres below surface. Highlights from the Summer '23 drilling on the George Lake target include: A 0.3 metre (est.

TT) interval averaging 4.1g/t Au, 824g/t Ag, 0.7% Cu, 3.4% Pb and 18.4% Zn (25.4g/t AuEq or 2,076g/t AgEq) within a 1.5 metre (est. TT) interval grading 1.3g/t Au, 226/t Ag, 1.0% Cu, 1.7% Pb and 6.6% Zn (9.2g/t AuEq or 755g/t AgEq) from drillhole SQ23-090; and A 0.9 metre (est. TT) interval averaging 7.1g/t Au, 56g/t Ag, 0.2% Cu, 1.5% Pb and 6.0% Zn (11.6g/t AuEq or 946g/t AgEq) within a 3.0 metre (est.

TT) interval averaging 2.5g/t Au, 31g/t Ag, 0.4% Cu, 0.5% Pb and 2.5% Zn (4.8g/t AuEq or 394g/t AgEq) from drillhole SQ23-093; Drilling also identified several hanging wall intercepts which require further testing and delineation. The Silver Queen Project is a premier gold-silver property with over 100 years of historic exploration and development and is located adjacent to power, roads and rail with significant mining infrastructure that was developed under previous operators Bradina JV (Bralorne Mines) and Houston Metals Corp. (a Hunt Brothers company).

The property contains an historic decline into the No. 3 Vein, camp infrastructure, and a maintained Tailings Facility. The Silver Queen Property consists of 46 mineral claims, 17 crown grants, and two surface crown grants totalling 18,870ha with no underlying royalties.

Mineralization is hosted by a series of epithermal veins distributed over a 6 sq km area. An updated NI43-101 Mineral Resource Estimate with effective date December 1st, 2022 was detailed in a News Release issued on Jan 16, 2023, and the full Technical Report can be found on SEDAR and the Company's website. Of the more than 20 different veins which have been identified on the property, only four have been sufficiently delineated to contribute to the most recent mineral resource estimate on the property.

The property remains largely underexplored.