OPHIR METALS CORP - OPHRF STOCK NEWS

Ophir Metals Corp. (TSXV: OPHR) (OTCQB: OPHRF) has commenced its inaugural drill program at the Pilipas Lithium Property in Quebec's James Bay region. The 2,000 m program (10-15 holes) aims to test the HW1 Spodumene Pegmatite at depth and along strike, following encouraging surface grab samples that returned fifteen samples >1.0% Li2O to a peak of 3.47% Li2O. The drilling, managed by Dahrouge Geological Consulting , is expected to continue until mid-September. The company is awaiting results from an additional 138 surface samples collected during the recent summer exploration program.

Ophir Metals Corp. (TSXV: OPHR) (OTCQB: OPHRF) reports promising initial results from its Pilipas Lithium Property in Quebec. Highlights include:

• Validation of the Highway Showing (HW1) with 16 spodumene pegmatite grab samples averaging 1.98% Li2O
• 15 samples returned >1.0% Li2O, with 6 exceeding 2.3% Li2O
• HW2 Showing, ~500m south of HW1, returned an average of 1.18% Li2O from 6 samples
• High tantalum values (up to 604 ppm Ta2O5) found 1.7-7.5 km east of HW1
• Drill planning for a 2,000-meter summer program finalized

The company is set to commence its inaugural drill program in August 2024 to test the extent of mineralization at the HW1 Showing.

Ophir Metals has announced the discovery of large spodumene pegmatite outcrops at its Pilipas Lithium Property in James Bay, Quebec. The primary discovery, HW1, spans over 150 meters in length and 30 meters in width and is open in multiple directions. Additional spodumene-bearing outcrops were found 500 meters south of HW1, covering a strike length of 450 meters.

Ophir plans a fully funded drill program for late summer/fall 2024, following the collection of over 460 grab samples. These samples are currently undergoing rush analysis at SGS Canada. The discovery is near existing infrastructure, which facilitates future exploration and development efforts.

CEO Shawn Westcott expressed excitement about the findings, highlighting the potential for further discoveries. The project benefits from its geological setting and proximity to essential infrastructure. The assay results from the initial exploration program are awaited to guide further exploration efforts.

Ophir Gold Corp. has officially changed its name to Ophir Metals Corp., effective June 18, 2024. The Company's stock symbol on the TSX Venture Exchange (TSXV: OPHR) remains unchanged. This name change aims to better represent the Company's diversified metals portfolio, which includes lithium projects in James Bay, Quebec, and gold and silver projects at the Breccia Gold Project in Idaho. Existing shareholders do not need to take any action regarding this change, as it will not affect their share certificates. For further inquiries, shareholders are encouraged to contact the Company or their broker.

Ophir Gold Corp. (TSXV: OPHR, OTCQB: OPHRF, FSE: 80M) has announced a proposed name change to Ophir Metals Corp., reflecting its diversified metals portfolio. The stock symbol 'OPHR' on the TSX Venture Exchange will remain unchanged. The name change, approved by the company's directors on May 28, 2024, is pending approval from the TSX Venture Exchange and relevant regulatory authorities. Shareholders do not need to take any action, as current share certificates will remain valid. Further updates on the effective date will be provided by the company.

Ophir Gold Corp announced plans for its first exploration campaign at the Pilipas Lithium Property in James Bay, Quebec. The campaign will begin on May 20, 2024, and will include geological prospecting, rock sampling, and a Property-wide LiDAR and orthophoto survey, with a budget of approximately $500,000. The aim is to evaluate high-priority targets identified from historical data and satellite imagery. Several large pegmatite outcrops with potential for lithium mineralization have been identified. Permitting is underway for a drill program later in the summer. Ophir has also granted 200,000 stock options to consultants, exercisable at $0.15 per share for five years.

Ophir Gold Corp. provides an update on the Pilipas lithium project in James Bay Quebec, highlighting the potential for fertile LCT geological setting and significant number of large-scale LCT pegmatites. The company has identified numerous occurrences of pathfinder elements in historical sampling, indicating further potential for mineralization. The Project is located proximal to existing hydroelectric power, all-season road infrastructure, and is situated in highly prospective greenstone terrain. Management cautions that discoveries on adjacent properties may not necessarily be indicative of the presence of mineralization on the Pilipas Property.

Ophir Gold Corp. provides an update on its lithium projects in Quebec, confirming lithium pegmatite at the Radis Property and reporting high-grade lithium and tantalum results. The Company also completed an IP-Resistivity Survey, identifying high-priority anomalies. CEO Shawn Wescott expresses excitement about the progress.

Ophir Gold Corp. (TSXV: OPHR) (OTCQB: OPHRF) (FSE: 80M) has announced the approval of its Option Agreement with Azimut Exploration Inc. to acquire up to a 70% interest in the Pilipas Lithium Property. The company will make cash and share payments, as well as incur exploration expenditures to earn the interest in the property.