White Metal Submits Channel Samples to Lab from Its Gunners Cove Gold Project

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Thunder Bay, Ontario--(Newsfile Corp. - September 27, 2018) - White Metal Resources Corp. (TSXV: WHM) ("White Metal" or the "Company") is pleased to announce that the important channel sampling program campaign has been completed on priority targets on its Gunners Cove Gold Property (the "Property") in Newfoundland. (Please see the Company's press release dated August 24, 2018).

All channel samples have now been submitted to Eastern Analytical Laboratories in Springdale, Newfoundland (the "Lab") reporting to the following zones on the Property:

Bazooka Island - 354 samples
Gunners Main - 109 samples
Gunners East - 172 samples
Gunners Hidden Pit - 89 samples
Stephen Zone - 9 samples

The Lab has reported to the Company that, "The channel samples are all in the prep stage and are continuing through the process."

The Company will report results when available and analysed. Given the very large number of samples, this process is expected to take several weeks.

Jean-Pierre Colin, President & CEO of White Metal, stated, "I trust that White Metal exploration parties have had two productive expeditions since last August at Gunners Cove, in Newfoundland, whereby our crews have proficiently collected the best channel samples they could identify and using their best available modern techniques. To my knowledge, this is the first time such a comprehensive programme of this kind has ever been attempted in that area and I am very proud of the such large number of samples that our team has collected in the field, in such a very short interval, by using their own professional judgement in real time when proximate to interesting geology. We are looking forward to results and will report shortly when relevant information becomes available. Our current plan is that details of any promising wide-ranging follow-up drill programmes would depend entirely on the full and thorough professional analysis of our geologists once the channel sampling assay data is received and scientifically understood and would be announced as soon as the Company has made any definitive decisions regarding such possible and anticipated expenditures."

Technical personnel for the Company have designed the channel sampling program as the best way to properly evaluate the gold tenure and continuity on the various gold zones as well as assist in the delineation of targets for a future diamond drilling program.

The Gunners Cove Gold Project is a new unexplored gold system that has now been traced intermittingly for 18 km along strike (N-S) and from 1.3 to 3.0km in width (E-W). To date, 15 new areas of gold mineralization have been discovered of which seven have been identified as high priority targets.

Since the initial gold discovery in September 2017, the Company has had excellent success not only in making new discoveries, but extending the area of gold mineralization substantially at the Gunners Cove Gold Project. Evaluation of the geological controls of the known gold mineralization can be summarized as follows:

  • Anomalous and moderate grade gold assays are associated with pyrite nodules, discontinuous stringers, fragments and cubic crystals..
  • The gold zones are hosted in a geological distinctive unit of chaotic, multi-lithic breccia with a predominately graphitic and mudstone matrix. This unit is interpreted to be associated with regional thrust faulting and is referred to as a melange.
  • The higher pyrite content appears to be associated with well-foliated (sheared) graphitic melange.
  • This melange can be mapped over horizontal widths of up to 1.3km, however the full extent of the melange is not understood at this time. The unit appears to be located at the base of a sedimentary-ultramafic package and has been extended as a discontinuous unit over an area measuring approximately 18km by 3km.
  • Anomalous silver, copper and molybedinum are also associated with the gold mineralization.

Technical information in this news release has been reviewed and approved by Dr. Scott Jobin-Bevans (P.Geo.), Vice President Exploration and a Director of White Metal, who is a Qualified Person under the definitions established by the National Instrument 43-101.

For more information with respect to the Gunners Cove Gold Property please visit the Company's Web Page at www.whitemetalres.com.

About White Metal Resources Corp (TSXV: WHM):

White Metal Resources Corp. is a junior mineral exploration company exploring for gold in Canada.

On behalf of the Board of Directors of White Metal Resources Corp.

"Jean-Pierre Colin"
Jean-Pierre Colin, President, CEO and Director

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 NEWS RELEASE.

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projection

For further information contact:

Jean-Pierre Colin
President, CEO & Director
White Metal Resources Corp.
(416) 573-4300
Jpcolin.whitemetal@gmail.com

or

Michael Stares
Director
White Metal Resources Corp.
684 Squier Street
Thunder Bay, Ontario, Canada, P7B 4A8
Phone: (807) 628-7836   Fax (807) 475 7200

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