**Core Assets Corp. Reports on 2024 Exploration Season**

Core Assets (CSE:CN) has released an update on its 2024 exploration activities at the Silver Lime CRD-Skarn-Porphyry Project and the central Blue Property, both located in the Atlin Mining District of northwest British Columbia.

Core Assets’ President & CEO Nick Rodway commented in a press release: “We have made significant strides in understanding and uncovering the mineralizing system at Silver Lime. The data collected thus far has greatly enhanced our confidence in the presence of a deeply buried and extensive mineralized system. Moreover, regional prospecting has uncovered exciting new prospects for future exploration. All assays from drill core and surface samples are pending, and we look forward to presenting the data as it becomes available.”

The company has completed 3,600 meters of diamond drilling over 10 holes in four target areas of the Silver Lime Project. The 2024 drilling aimed to evaluate the mineralized extent of the Sulphide City Mo-Cu Porphyry and associated skarn mineralization at depths exceeding 500 meters. The drill campaign also targeted high chargeability anomalies detected during a 2023 3D-DCIP survey.

Drilling focused on several key areas: the Sulphide City Mo-Cu Porphyry Target, the Sulphide City – Whaleback Zn-Cu-Ag Skarn Target, and two newly identified epithermal-style vein occurrences at Pike Valley and Pete’s North. These targets form a 2.6-kilometer trend of Porphyry-Skarn-Epithermal mineralization at Silver Lime.

At Pike Valley, previously known as Gally South, drilling intersected sheeted to stockwork-style quartz-carbonate base metal sulphide veining, approximately 1 km south of the Sulphide City Porphyry. In 2023, surface samples from this area returned high grades of silver, lead, zinc, copper, and gold.

Four additional drill holes were completed at the Sulphide City Porphyry Target and Pike Valley. At Sulphide City, the drills intersected widespread quartz-sericite-pyrite alteration with increased porphyry vein density and mineralization. Molybdenite and chalcopyrite-bearing zones were observed, marked by increases in biotite and k-feldspar. However, these holes were cut short due to significant deviation caused by intense faulting and veining.

At Pike Valley, two shallow holes were drilled to assess the grade potential of high-sulphidation base metal sulphide veining discovered on the surface in 2023. These holes intersected numerous centimetre-scale high-sulphidation epithermal base metal sulphide veins, associated with increased silicification and demagnetization of the intermediate intrusive host.

Geological and structural mapping conducted alongside drilling identified four main phases of the Sulphide City Mo-Cu Porphyry, including two mineralized diatreme breccia zones. Mapping also revealed a zone of strong skarn alteration surrounding the porphyry, zones of silicification and argillic alteration with low-grade gold mineralization, and moderate-to-high-grade base metal sulphide-bearing epithermal-style veins surrounding the porphyry. Additionally, a new zone of interest with quartz-arsenopyrite veins was identified about 6 km north of the main Sulphide City system.

A newly mapped mafic-to-intermediate intrusion extends over 2.0 km between the Jackie and Pike Valley targets. This intrusion, which is locally magnetic, hosts high-grade base metal sulphide veins in demagnetized zones and appears to be causative of carbonate replacement mineralization. It has been preliminarily dated as Cretaceous, suggesting two distinct generations of mineralization at the Silver Lime Project.

All drill core has been sent to the Bureau Veritas Labs in Whitehorse, Yukon, for processing. Samples undergo a 4-Acid digestion with an ICP-MS finish and a fire assay for gold, platinum, and palladium. The results will be released as they become available.