ETF:CC - Indata 2022 Drill Discoveries

(TheNewswire)

Vancouver, BC – TheNewswire- Jan 23, 2023 Eastfield Resources Ltd. “Eastfield”(TSXV:ETF) (OTC:ETFLF) and Option Partner Alpha Copper Corp “Alpha Copper”(CSE:ALCU) (OTC:ALCUF) (FSE:PP0) are pleased to review the results of 11 of 13 holes completed( 2,140 meters) on the Indata project in the 2022field season. Samples from the final two holes are currently in thelab being analyzed. Significant results from the program include holeIN22-82 drilled in the Lake Copper Zone and hole IN22-74 whichdiscovered a previously unknown molybdenum mineralized system 5kilometers to the south:

Hole IN22-82 ;

This hole intersected 173.6 meters grading 0.23% copper startingat 2.9 meters including 28.9 metersgrading 0.47% copper starting at 2.9 meters . Itwas drilled east to west and constitutes the northern boundary of theLake Zone which remains open to the north beyond this point.Mineralization is hosted in andesitic to basaltic volcanic andsubvolcanic diorite variably altered to chlorite, actinolite andbiotite (high temperature). Significant intercept are asfollows:

Copper mineralization in the Lake Copper Zone occurswithout other accessory metals in significant concentration. The openended footprint for the Lake Copper Zone now measures 900 meters by400 meters.

Hole IN22-74 ;

This hole intersected 30.8 meters grading 0.10% molybdenum (0.16MoS 2 eq.) starting at 113.7 meters and continuing to the bottom of the hole including 7.5 metersgrading 0.32% molybdenum (0.51% MoS 2 eq.) starting at 113.7 meters. Mineralization occurs in a granitic intrusive capped by agabbroic intrusive. Depth and lateral extent ofthe molybdenum mineralization, which occurs as disseminations andstockwork veins without significant copper, is unknown. The finalsample in the hole returned 0.043 % Mo. The discovery has been named“Area 74”.

Hole IN22-84 ;This hole tested a Carbonate Replacement Deposit (CRD) target locatedapproximately 2 kilometers north of the Lake Copper Zone and 7kilometers north of hole IN22-74. The hole intersected brecciatedlimestone to 71.3 m followed by weakly molybdenum mineralized granite(Mo values to 275 ppm) to the end of the hole at 246.6 m. Thelimestone was found to be consistently anomalous in the pathfinderelements arsenic and antimony with arsenic values to 402 ppm andantimony to 136 ppm. These results support the conclusion that thisarea, now named “the Dover Area” is permissive for both CarbonateReplacement Deposit (CRD) and Carbonate Hosted Precious Metal stylesof mineralization.

MSALabs of Langley, BC completed the analyticaldeterminations utilizing a multi element procedure that includes AquaRegia digestion followed by inductive plasma (ICP) analysis andadditionally a 30 gram gold fire assay using atomic absorptiontechniques. QC/QA protocols included submitting independent standardsinto the sample stream to augment laboratory standards.

The Indata project is located 240 kilometres northwestof Prince George, 88 kilometres west of Centerra’s Mount MilliganMine, and 16 kilometres south of Northwest Copper’s Kwanika andStardust projects.

The property straddles the Mesozoic aged QuesnelTerrane on the east side and the Paleozoic age Cache Creek Group ofRocks on the west. The 2022 program focused on porphyry copperrelated, and carbonate replacement (CRD) style mineralization. Thediscovery of a blind molybdenum system was not anticipated. AlphaCopper may earn a 60% interest in the Indata project by completing$2,000,000 in exploration and paying $450,000 (cash and/or shares) byJune 20, 2023.

This news release has been reviewed and approved by Mr.J.W. Morton, P. Geo., who is the Qualified Person within the contextof NI 43-101 and takes responsibility for its technicalcontent.

J.W. Morton, P. Geo.

President and CEO

Contact: (604) 681-7913 or Toll Free:888-656-6611

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this news release.

For more information, please visit the company’swebsite at www.eastfieldresources.com.

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Other Projects :

Zymo : 8 kmlong copper-gold porphyry system with several 1 km scale targets,located 45 km west of Smithers, BC and 100% owned. Results includedrill holes ZY08-07 with 0.72% copper and 0.66 g/t gold over 72 metersand hole ZY11-20 with 0.28% copper and 0.34 g/t gold over 126 m.Peripheral precious metal veins have returned up to 10.78 g/t gold.Work completed in 2021 included expansions to the induced polarizationand soil grids at a cost of approximately $430,000. Zymo is fullypermitted.

Iron Lake : copper-gold- palladium-platinum-cobalt, located40 kilometers northeast of 100 Mile House, BC. The project is optionedto Tech-X Resources Inc. (a private company headed by Haig Farris).Targets include ultramafic copper-gold- palladium-platinum-cobalt andporphyry copper-gold. Tech-X may earn an 80% interest in Iron Lake bycompleting a total of $12,000,000 in work and paying a total of$1,000,000 in option payments by December 31, 2027. Inducedpolarization surveying continued through the winter and spring (2022)with 23 drill diamond drill holes (5001 m) completed thereafter.Analytical work continues and an aggressive program is planned for2023.

Hedgehog :copper-gold (VMS) and lode gold, located approximately 12 kilometersnorth of the community of Barkerville, BC. In 2021 option partner WestOak Gold Corp discovered several new anomalies. Particularlyintriguing is a soil sample with 0.22% copper and 8.45% iron. Interest in this sample is inspired by previous float samplescollected further south on the property including a massive sulfideboulder grading 24.3% copper and 19.6 g/t silver collected in 1999 andfive additional copper rich massive sulfide boulders with an averagegrade of 8.0% copper and 8.9 g/t silver collected in 2000. In 2013,Eastfield discovered a new area of mineralization in the northernregion of the claims where quartz veins hosted in sheared rhyolitereturned grab samples to 1.51 g/t gold and 1.37% zinc. Other companiesactive in the area include Osisko Gold Royalties Ltd.) (TSX: OR) whoare currently conducting a major exploration program for gold tenkilometers to the south in and around the former operating Barkerville Mine. Hedgehog is fully permitted. Soil grid expansions and infillsampling were completed in October.

CR: gold,located approximately 80 km northeast of the town of Quesnel, BC and20 km north of the gold mining towns of Wells and Barkerville, wasacquired by staking in 2014. There is no record of hard rock mineralexploration on the CR property prior to Noranda Exploration carryingout regional exploration in the area in 1986 with airborne magneticand ground follow-up (ground based surveys and soil sampling)identifying a 1.2 kilometre by 0.7 kilometre arsenic in soil anomalysurrounding a local drainage named Arsenic Creek. In 2014, Eastfieldcarried out induced polarization and magnetic surveys in this area andoutlined a 200 metre by 800 metre northwest trending chargeabilityhigh that remains open to the north. In 2018 soil sampling upslope ofhistorical heavy mineral stream sediment anomalies exposed severalspot gold and gold-arsenic anomalies that may indicate a source of thehistorical heavy mineral sampling in this direction.. An initial drilltest was completed late in the 2022 field season (analytical work isin progress).

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