CONE - Canada One Completes MMI Soil Geochemical Survey at 100% Owned Copper Dome Project Princeton British Columbia

(TheNewswire)

Vancouver, BC - TheNewswire - June 22, 2023 - Canada One Mining Corp. (“ CanadaOne ” or the “ Company ”) (TSXV:CONE) is pleased to announce that it has completed a Mobile MetalIon (MMI) soil geochemical survey at its 100%owned Copper Dome Project (the “ Project ”,“ Property ” or “ CopperDome ”), located south of Princeton, BC.

MMI Survey Overview

As part of the Company’s 2023exploration program, the MMI soil survey was completed over twopreviously identified zones of interest, the Friday Creek and RoadHaul zones, and one new zone of interest, the Boundary Road zone.

Friday Creek Zone

The MMI survey covered 3.2 line-kms with samples beingcollected at nominal 100m line spacings and 50m sample intervals overthe area of interest in a north south direction. Prior explorationwork at the Friday Creek zone has identified palladium (Pd), platinum(Pt), and gold (Au) mineralization (minfile 092HSE033) .

Road Haul Zone

The Road Haul zone survey covered 4.8 line-kms withsamples being collected at nominal 100m line spacings and 50m sampleintervals over the area of interest in a north south directionencompassing a historical high induced polarization (IP) signature.

The Boundary Road Zone

The Road Boundary zone is located 1km from theProperty’s northern border that it shares with the Copper MountainMine. The survey covered over 4.8 line-kms with samples beingcollected at nominal 100m line spacings and 50m sample intervals overthe area of interest in an east west direction.

All samples have been submitted to SGS Burnaby withresults expected within the next 4 to 6 weeks.

Project Overview

Copper Dome, located 18km south of Princeton, BritishColumbia, is contiguous to Copper MountainMining Corporation’s (TSXV: CMMC) currently producing CopperMountain Mine, which hosts a Proven and Probable Mineral Reserve of702 Mt of 0.24% Cu (cumtn.com) . Copper Dome’s northern boundary lies 1.5kms from themine’s deposits.

Currently, the Company is compiling past explorationdata, initiated fieldwork and submitted a drill permit application inanticipation of a potential fall drill program. Following this summer’s fieldwork, Canada One will turn its attentionto defining the best drill targets with the intent of validating thework that has been done to date and outlining areas of coppermineralization.

Project Highlights

• The Project lies within the lowerportion of the Quesnel Trough porphyry belt, a well-established miningdistrict. The belt extends north from the Copper Mountain Mine,through the Elk, Brenda, Craigmont, Highland Valley, and New Aftonmines

• Previous drilling has confirmed the presence ofhigh-grade copper associated with northeastrunning geological structures similar to those seen at the CopperMountain Mine

• Past exploration has identified the presence ofpalladium (Pd), platinum (Pt) and gold (Au) mineralization on theProperty

• Multiple zones of mineralization have been discoveredon the Property to date

• Excellent infrastructure provides year-round accesswith low-cost exploration and low jurisdictional risk

• Past exploration includes, airborne magnetics flownover the entire Project, 51km of induced polarization (IP) surveyedover areas of interest, Airborne Magnetics and electro-magnetics (EM)surveyed over half of the Project area, 2,253soil and 378 rock samples collected, over 8900m of diamond drillingand over 1km of trenching

Copper Mountain Mine

The Copper Mountain Mine, which is contiguous to thenorth of Copper Dome, is a conventional open pit, truck and shoveloperation. The mine has a 45,000 tonnes per day plant that utilizes aconventional crushing, grinding and flotation circuit to producecopper concentrates with gold and silver credits. A new life of mineplan to expand the mill to 65,000 tonnes per day, further increasesaverage annual production to 138 million pounds of copper equivalentand reduces all-in costs to US$1.76 per pound of copper over the first20 years of a 32-year mine life. The 65,000 tonnes per day millexpansion, including the integration of New Ingerbelle, brings CopperMountain Mine’s after-tax NPV at an 8% discount to US$1.245 billion(see Life of Mine Plan Expansion Study Technical Report, CopperMountain Mining Corporation, Sept. 2022). Further potential existsthrough the upgrading of Mineral Resources to Mineral Reserves andfurther exploration to continue to extend the mine life and addvalue.

The Company cautions the discoveries and observationson properties in proximity to the Company’s properties are notnecessarily indicative of the presence of similar mineralization orgeology on the Company's properties.

Qualified Person

The technical information contained in this newsrelease has been reviewed by Freeman Smith, P.Geo, a Qualified Personfor the purposes of National Instrument 43-101.

For further information, interested parties areencouraged to visit the Company’s profile on SEDAR ( www.sedar.com ) or contact the Companyat info@evolvemgmt.net.

On behalf of the Board of Directors of

CANADA ONE MINING CORP.

Peter Berdusco

President and Chief Executive Officer

1 877 844 4661

Forward-LookingStatements

This press release includes certain"forward-looking information" and "forward-lookingstatements" (collectively "forward-looking statements")within the meaning of applicable Canadian securities legislation. Allstatements, other than statements of historical fact, included herein,without limitation, statements relating to the future operating orfinancial performance of the Company, are forward looking statements.Forward-looking statements are frequently, but not always, identifiedby words such as "expects", "anticipates","believes", "intends", "estimates","potential", "possible", and similar expressions,or statements that events, conditions, or results "will","may", "could", or "should" occur or beachieved. Forward-looking statements in this press release relate to,among other things: statements relating to the successful closing ofthe Offering and anticipated timing thereof and the intended use ofproceeds. Actual future results may differ materially. There can be noassurance that such statements will prove to be accurate, and actualresults and future events could differ materially from thoseanticipated in such statements. Forward looking statements reflect thebeliefs, opinions and projections on the date the statements are madeand are based upon a number of assumptions and estimates that, whileconsidered reasonable by the respective parties, are inherentlysubject to significant business, technical, economic, and competitiveuncertainties and contingencies. Many factors, both known and unknown,could cause actual results, performance or achievements to bematerially different from the results, performance or achievementsthat are or may be expressed or implied by such forward-lookingstatements and the parties have made assumptions and estimates basedon or related to many of these factors. Such factors include, withoutlimitation: the timing, completion and delivery of the referencedassessments and analysis. Readers should not place undue reliance onthe forward-looking statements and information contained in this newsrelease concerning these times. Except as required by law, the Companydoes not assume any obligation to update the forward-lookingstatements of beliefs, opinions, projections, or other factors, shouldthey change, except as required by law.

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