GSKKF - Abitibi Metals Announces Appointment of Shane Williams to Advisory Committee

(TheNewswire)

January 5, 2024 – TheNewswire - London, Ontario – AbitibiMetals Corp. (CSE:AMQ) (OTC:AMQFF) (FSE:4KG) ( “ Abitibi ”or the “ Company ”), is pleased to announce the appointment of Mr.Shane Williams to the Company’s Advisory Committee.

Shane Williams is an accomplished mining executive and engineer,renowned for his track record of executional excellence in successfulmine restarts and builds. With extensive experience in Canada’s goldmining sector, and particularly his successful track record in Quebec,his experience and expertise are highly relevant to act as an advisorto Abitibi Metals.

Jonathon Deluce, CEO of Abitibi Metals, stated, "We are excitedto announce the addition of Shane Williams to our Advisory Committee.Shane's extensive background in the mining industry, especially inQuebec, is a valuable asset to our team. His instrumental role intransforming the Lamèque gold project in Quebec from a PreliminaryEconomic Assessment stage to a fully operational mine in just 18months is a testament to his expertise. We look forward tocollaborating with him as we begin to mobilize on the B26 Deposit,which will see aggressive exploration in 2024."

Shane is the current CEO and President of West Red Lake Gold Mines.Under his leadership and guidance, in 2023, the company hassuccessfully transitioned from an early-stage explorer to a leadingdeveloper in the Red Lake region of Canada.

As the Chief Operating Officer at Skeena Resources from 2020 to 2023,Mr. Williams played a pivotal role in advancing the past-producingEskay Creek gold mine in B.C. towards a restart. His leadership, teambuilding and business development contributed to a remarkable fivefoldincrease in market value for Skeena during his tenure.

From 2013 to 2019, Mr. Williams held various leadership positions atEldorado Gold, culminating in his role as Senior Vice Presidentoverseeing Canadian and Greek operations. Under his guidance, theLamèque gold project in Quebec progressed from a Preliminary EconomicAssessment to a fully operational mine in 18 months. Mr. Williams alsoserved as Project Director for Eldorado’s Greek assets, successfullydeveloping the Skouries and Olympias projects with a combined capitalexpenditure exceeding US$1 billion. Prior to his tenure at EldoradoGold, Mr. Williams was involved with several thriving operations inprogressively senior roles around the world.

Mr. Williams holds a B.Eng. in Electrical Engineering from the DublinInstitute of Technology, Ireland, and an M.Sc. in Project Managementfrom the University of Limerick, Ireland.

“I am thrilled to join Abitibi Metals’ advisory committee at sucha pivotal time in the Company’s trajectory. The team has madeexcellent progress in such a short period of time, and I am excited tosupport as we move forward with the Company’s remarkable assets,”commented Mr. Williams.

About Abitibi Metals Corp.:

Abitibi Metals Corp. is a Quebec-focused mineral acquisition andexploration company focused on the development of quality base andprecious metal properties that are drill-ready with high-upside andexpansion potential. Abitibi’s portfolio of strategic propertiesprovides target-rich diversification and includes the high-grade B26Polymetallic Copper Deposit (Ind: 7.0MT @ 2.94% Cu Eq & Inf: 4.4MT@ 2.97% Cu Eq) and the Beschefer Gold Project, where historicaldrilling has identified 4 historical intercepts with a metal factor ofover 100 g/t gold highlighted by 55.63 g/t gold over 5.57 metres and13.07 g/t gold over 8.75 metres amongst four modelled zones.

ON BEHALF OF THE BOARD

Jonathon Deluce, Chief Executive Officer

For more information, please call 226-271-5170, email info@abitibimetals.com , or visit https://www.abitibimetals.com .

The Company also maintains an active presence on various social mediaplatforms to keep stakeholders and the general public informed andencourages shareholders and interested parties to follow and engagewith the Company through the following channels to stay updated withthe latest news, industry insights, and corporate announcements:

Twitter: https://twitter.com/AbitibiMetals

LinkedIn:

Neither the Canadian SecuritiesExchange nor its Regulation Services Provider accepts responsibilityfor the adequacy or accuracy of this release.

Forward-looking statement:

This news release contains certainstatements, which may constitute “ forward-looking information” within the meaning of applicablesecurities laws. Forward-looking information involves statements thatare not based on historical information but rather relate to futureoperations, strategies, financing plans, financial results or otherdevelopments on the B26 Project or otherwise. Forward-lookinginformation is necessarily based upon estimates and assumptions, whichare inherently subject to significant business, economic andcompetitive uncertainties and contingencies, many of which are beyondthe Company’s control and many of which, regarding future businessdecisions, are subject to change. These uncertainties andcontingencies can affect actual results and could cause actual resultsto differ materially from those expressed in any forward-lookingstatements made by or on the Company’s behalf. Although Abitibi hasattempted to identify important factors that could cause actualactions, events or results to differ materially from those describedin forward-looking information, there may be other factors that causeactions, events or results to differ from those anticipated, estimatedor intended. All factors should be considered carefully, and readersshould not place undue reliance on Abitibi’s forward-lookinginformation. Generally, forward-looking information can be identifiedby the use of forward-looking terminology such as “ expects,” “estimates,” “anticipates,” or variations ofsuch words and phrases (including negative and grammatical variations)or statements that certain actions, events or results “ may,” “could,” “might” or “ occur.  Mineral exploration and development are highly speculativeand are characterized by a number of significant inherent risks, whichmay result in the inability of the Company to successfully developcurrent or proposed projects for commercial, technical, political,regulatory or financial reasons, or if successfully developed, may notremain economically viable for their mine life owing to any of theforegoing reasons, among others. There is no assurance that theCompany will be successful in achieving commercial mineral productionand the likelihood of success must be considered in light of the stageof operations.

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