“We are very pleased with these results. We see a strong correlation between these IP anomalies and the recently demonstrated 5km soil trend in the Cloutier-Lapointe area. The IP survey was limited to the main areas we knew based on the work completed in 2020 but we now clearly see that this survey will need to be extended further based on the potential size of the anomalies. The Richer area, the strongest soil anomaly on the Wabash property to date, was not covered at all by this IP survey but we expect to complete this in the near future. By combining the strength of the IP anomaly, soil anomaly and geological/structural anomaly, these 6 areas have been graded in terms of priority for the upcoming summer program. The 2 IP anomalies which are pending trenching assay results will be further evaluated as part of planning the first drilling program on the Wabash property. Traditionally, sediment hosted copper deposits are long and continuous which is exactly the confirmation we wanted to see from the soil and the geophysical surveys.” commented Kiril Mugerman, President & CEO of Kintavar Exploration.

“This thorough soil geochemical survey and data treatment allowed us to get a different perspective of stratiform units in the Grenville. Our surface exploration footprint for the upcoming summer program will be more than twice as large as anticipated. Being able to compare the Wabash geochemical signature to that of the world class African stratiform deposits is another testament to the success of our exploration team. To do that in the difficult high grade metamorphic conditions of the Grenville is even more impressive. We are looking forward to receiving all the remaining results and to proceed with initial drilling and the associated summer work programs on the Wabash project.” commented Kiril Mugerman, President & CEO of Kintavar Exploration.

“It has been an exciting first year as operators of the Fer à Cheval. The team has grown and as a result our footprint in the region has grown. We are a unique exploration company with exposure to such an exciting regional business activity that generates revenues, and that ties in so well with our exploration properties. Our most recent discovery of the Wabash project earlier this year solidified our geological model of stratiform copper mineralization in the region and we are now advancing our exploration activities as a copper district rather than as a stand-alone project. The FAC provides Kintavar with a solid foundation from which to base our exploration activities both at Mitchi and Wabash. I would like to take this opportunity to wish all our shareholders, stakeholders and employees of Kintavar and the Fer à Cheval, Happy Holidays and a healthy and prosperous new year in 2021.” commented Kiril Mugerman, President & CEO of Kintavar Exploration.

“The majority of this financing was subscribed by existing shareholders of the Corporation, a strong sign of support and confidence. Furthermore, the strength of the copper market and the future demand projections are pointing to a significant supply deficit. Global economies are injecting unprecedented amounts of funds in transport electrification and renewable energies, both sectors of significant copper demand. And lastly, the global pandemic highlighted the need to diversify supply sources and that includes base metals and copper. The district scale mineralization at Mitchi and Wabash discovered by Kintavar’s team highlights the potential for development in a world-class jurisdiction like Quebec. Our technical team is currently working on processing the soil geochemical data, Induced Polarization (IP) data from the ongoing geophysical survey and is still awaiting pending results from the trenches and channels that were completed late fall. Based on those results, the Corporation is targeting a maiden drilling campaign on Wabash in the first quarter of 2021. This will be followed up by further field work starting late spring and continuing throughout the summer.” commented Kiril Mugerman, President & CEO of Kintavar Exploration.