BEMETALS CORP - BMTLF STOCK NEWS

BeMetals Corp. has successfully finalized its acquisition of Kronk Resources Inc. and its subsidiary, Kazan Resources. This strategic move grants BeMetals access to a portfolio of advanced gold exploration projects in Japan. To facilitate this acquisition, BeMetals issued 32.6 million shares to Kronk shareholders and secured a $7.5 million investment from B2Gold Corp., now a major stakeholder with 19% ownership. BeMetals currently holds about C$11 million in cash and aims to advance its exploration projects in Japan and ongoing assessments for its South Mountain Project in Idaho.

BeMetals announces promising exploration drilling results from its 2020 field program at the Pangeni Copper Project in Zambia. Key findings include drill hole D3-C1, showing intervals of 3.98 metres at 0.39% Cu and 3.70 metres at 0.37% Cu. The results expand the D-Prospect's mineralized footprint and have led to new targets for 2021 exploration. Additionally, a Joint Exploration and Option Agreement with JOGMEC aims to accelerate exploration plans. The 2020 program involved 3,700 metres of aircore drilling and 770 metres of core drilling, with results impacting the project's future potential.

BeMetals Corp. has announced a Joint Exploration and Option Agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC) for the Pangeni Copper Project in Zambia. JOGMEC will invest US$1.5 million for initial exploration activities, with US$1 million due by March 31, 2021, and an additional US$500,000 by December 31, 2021. Following this investment, JOGMEC will earn a 27.8% interest in BeMetals' option for a total of 72% in the project. BeMetals expects to accelerate exploration efforts and report 2020 drilling results soon.

BeMetals Corp. has initiated a Preliminary Economic Assessment (PEA) for its high-grade South Mountain Zinc-Silver-Gold-Copper Project in Idaho. The company appointed Mine Technical Services Ltd. for the study, which includes updated metallurgical testing and a new mineral resource estimate from recent drilling. Notable results from hole SM20-027 include 30.85 metres at 4.66% Zinc and 103.9 g/t Silver. The PEA is expected to be completed by September 2021, which will assist in advancing the project towards potential mine construction.

BeMetals Corp. (TSXV:BMET)(OTCQB:BMTLF) announced its acquisition of Kronk Resources Inc. and its subsidiary Kazan Resources, focusing on gold exploration projects in Japan. The deal includes a non-brokered private placement of $7.5 million through the issuance of approximately 17.05 million shares to B2Gold Corp., raising B2Gold's stake to about 19% in BeMetals. This acquisition enhances BeMetals' portfolio with advanced projects like the Kato Project, expected to drive growth in the lucrative gold sector, leveraging B2Gold's expertise in precious metals exploration.

BeMetals Corp. has announced new results from its Phase 2 drilling program at the South Mountain Zinc-Silver-Gold-Copper Project in Idaho. The results show high-grade mineralization in the Texas Zone, with copper grades exceeding previous estimates. Key drill highlights include:

• SM20-028: 10.85m at 2.56% Cu, 260.1 g/t Ag.
• SM20-050: 8.35m at 4.17% Zn, 4.05 g/t Au.

The ongoing drilling aims to enhance the mineral resource estimate, with updates expected by the end of Q1 2021 and a Preliminary Economic Assessment planned for Q3.

BeMetals Corp. (TSXV:BMET, OTCQB:BMTLF) has commenced a fully funded exploration program at the Pangeni Copper Project in Zambia. The program aims to extend copper mineralization discovered during a previous exploration campaign. John Wilton, President and CEO, highlighted the project's potential in the Zambian Copperbelt region. The 2020 drilling campaign will involve approximately 3,500 meters of aircore drilling and 1,000 meters of core drilling at priority targets, including D2 and SW(E2). Initial results are expected in early December 2020.

BeMetals Corp. has initiated a Phase 2 underground diamond drilling program at its high-grade South Mountain Zinc-Silver-Gold-Copper Project in Idaho, with plans to drill approximately 2,400 metres across 25 holes. This effort aims to expand mineral resources and conduct infill drilling at the DMEA Zone, preparing for an updated resource estimate and Preliminary Economic Assessment set for 2021. The program builds on previous successful findings, particularly from 2019, which revealed significant gold and silver components in the DMEA Zone and high-grade targets in the Texas Zone.

BeMetals Corp. announced the identification of high-priority targets at the Texas Zone in preparation for a Phase 2 underground diamond drilling program at its South Mountain Project in Idaho. The program aims to confirm mineralization grades and extend known mineral resources. Highlights include significant historical drill results, with intersections showing high grades of zinc, silver, gold, and copper. The Phase 2 program will include about 25 drill holes totaling 2,400 meters. Initial drilling is set to commence mid-September 2020, with an updated resource estimate expected in early 2021.