Stelmine Acquires Three New Properties in Kanapisukau District, The Canadian Business Journal

garretschoenbergDecember 2, 2022

QUEBEC CITY, DECEMBER 2, 2022 (GLOBE NEWSWIRE) — Stelmine Canada (« Stelmine ») (TSXV : STH). Stelmine maintains an aggressive strategy of acquiring mining properties in the Caniapiscau mining area. The company adds his 326 new claims to his portfolio, bringing him in total to his 1,775 claims covering 936 km.²This scenario allows the company to protect his dominant land position and develop this new district while taking advantage of potential mineral targets.

In addition to gold potential, the mineralization discovered at these three new properties will allow Stelmine to achieve its goal of diversifying its portfolio, pursuing advances in gold properties while increasing nickel and some It should help us actively explore strategic metals such as base metals.

Arguably, over the past five years Stelmine has faced the challenge of focusing its exploration campaigns on the eastern extension of the Opinaka Metamorphic Sedimentary Territory, which presents similar gold potential as the western James Bay Territory. In fact, the La Grande/Opinaka contact stretches 400 km to the east and has received limited exploration by mining companies. However, Stelmine’s perseverance allowed him to successfully develop two important gold traits: Courcy and Mercator.

qualified person

Technical information in this news release has been reviewed and approved by Michel Boily, PGeo, PhD. Mr. Boily is the qualified person responsible for the scientific and technical information contained in this document under the National Instrument 43-101 standard.

About Stelmine in Canada

Stelmine is the forerunner of a new gold mining area (Caniapiscau) east of James Bay, in an underexplored part of the Opinaca metamorphic sedimentary basin with a geological background similar to that of the Eleonore mine. Stelmine has his 100% ownership of the Metasediment Basin, whose geological situation is similar to his Eleonore mine. Stelmine owns 1,775 claims or 936 km² in this area of northern Quebec at his 100%, highlighted by the Courcy and Mercator projects.

Forward-Looking Statements

Certain information in this press release may contain forward-looking statements. This includes statements regarding the expected closing of the offering and expected use of proceeds, acquisition and expansion plans, availability of quality acquisition opportunities and company growth. This information is subject to material risks and uncertainties that are difficult to predict, including current expectations and assumptions, including assumptions related to the offering and obtaining all necessary approvals given general economic and market conditions. ) It is based on. Actual results may differ materially from those implied by forward-looking statements. Risks that could cause results to differ from those set forth in the forward-looking statements in this release include risks related to our ability to complete the offering on the terms described above. We undertake no obligation to update any forward-looking statements, except as required by securities laws applicable to us, or to update any reason why our actual results may differ from those reflected in the forward-looking statements. shall have no obligation. Additional information identifying risks and uncertainties is contained in the Company’s filings with Canadian securities regulators available at www.sedar.com.

Note

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.

For more information, please contact:

Isabel Proulx, President and CEO	Investor Relations:
Sterumine	Market Smart Communications Co., Ltd.
Phone: 581-998-1222	Adrian Sydenham
[email protected]	Toll Free: 1-877-261-4466
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