M3 Metals Files Technical Report for the Daggett Lithium Project

Vancouver, British Columbia--(Newsfile Corp. - October 16, 2023) - M3 Metals Corp. (TSXV: MT) (FSE: XOV) ("M3 Metals" or the "Company"). On May 9, 2023 the Company announced that it had entered into a mineral property option agreement (the "Agreement") to acquire up to an eighty (80%) percent interest in the Daggett Lithium Project (the "Property"), a mineral property prospective for lithium and located in San Bernardino County, California. On September 29, 2023, the Company issued a news release providing readers with details regarding the Property.

The Company has now filed a technical report (the "Technical Report"), on its Issuer Profile at www.sedar.com, concerning the Property. The Technical Report provides an independent valuation of the exploration potential of the Property and makes recommendations for exploration work which were disclosed in the September 29, 2023 news release and are more fully discussed in the Technical Report itself.

The Technical Report was prepared for the Company in connection with obtaining TSX Venture Exchange approval for the Agreement and was further prepared in accordance with the requirements of NI 43-101. The Technical Report, which has an effective date of October 5, 2023, is titled "Daggett Lithium Project - San Bernardino County, California NI 43-101 Technical Report" and is authored by Mr. Jerry L. Aiken, BSc, Professional Geologist (WA), SME Registered Member.

ABOUT M3 METALS CORP.

M3 Metals Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in North America. For additional information please visit M3 Metals website at www.m3metalscorp.com. You may also email info@m3metalscorp.com or call investor relations at (604) 669-2279.

M3 METALS CORP.

"Kosta Tsoutsis"
Kosta Tsoutsis, CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals (including environmental, habitat and other similar requirements or approvals), the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of US$ for CDN$, changes in exploration costs and government royalties or taxes in Canada, the United States, California or other jurisdictions and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/184178