Gold And Copper Intersections Extend The Jasperoide Project

TORONTO - C3 Metals Inc. reported on Phase 2 drilling program at the Jasperoide copper-gold skarn/porphyry project in Peru. The recently completed Phase 2 drill program comprising a total 6,811m in 20 drill holes has delineated a near surface, high-grade oxide copper-gold deposit at the Montana de Cobre Zone (MCZ) and tested copper-sulphide mineralization at the nearby Cresta Verde Zone (CVZ).

Phase 2 Drilling Program Highlights: Hole JAS2900-02 intersected 81.55m at 0.89% Cu, 0.25g/t Au from 21.0m, including 21.14m at 2.79% Cu and 0.59% Au; Extended high-grade copper-gold oxide mineralization by approximately 100m to the north from drill hole JA2800-01, which assayed 48.2m at 1.24% Cu and 0.43 g/t Au; Phase 1 and 2 drilling has defined an oxide copper-gold mineralized deposit that is laterally extensive for up to 650 meters and has a strike length of more than 550 meters. True thickness varies from 50 to 250 meters; Mineral domaining and updated geologic block modeling is underway; and Two holes tested a heavy sulphide brecciated skarn zone at CVZ (assays pending); Eight shallow holes tested a magnetite skarn body north of the Benoni Fault, where a single historic drill hole intersected 23.5m at 1.86% copper and 0.54% cobalt[1] (assays pending).

Dan Symons, President & CEO, said, "Having recently joined C3 Metals, I'm very pleased with the exploration results to date at Jasperoide. We have successfully delineated a sizeable, coherent body of near surface high-grade copper-gold skarn mineralization and see indications of a potential porphyry system. However, I am truly excited by the fact that in a short period of time we have expanded our prospective land position by 377% to 27,200 hectares and our drilling to date has only been focused on less than 20% of the total mineral tenure under C3 Metals' control. We look forward to further testing the numerous targets identified on the wider property once exploration permits are in hand for these newly acquired concessions. Given the location, geologic setting and sheer size of our land position, we believe we are only beginning to scratch the surface on Jasperoide's exploration potential."