RCS - Clean Air Metals, In - Clean Air Metals to Drill the Escape Deposit

Clean Air MetalsAnnouncement

22/07/2025 13:00

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RNS Number : 9772R  Clean Air Metals, Inc.  22 July 2025

Clean Air Metals to Drill the Escape Deposit Down-Plunge Target

THUNDER BAY, ON / ACCESS Newswire (https://www.accessnewswire.com/) / July 22,
2025 / Clean Air Metals Inc. ("Clean Air Metals" or the "Company")
(TSXV:AIR)(FRA:CKU)(OTCQB:CLRMF) is pleased to announce its upcoming 2025
summer drilling program aimed at testing the interpreted down-plunge extension
of the Escape Deposit at its 100%-owned Thunder Bay North Critical Minerals
Project ("TBN"). An initial 900-m hole, targeting one of three newly
identified 'ballroom-type' coincident magnetic and conductivity anomalies,
will commence this week. The program is designed to be scalable depending on
results.

Escape Deposit Down-Plunge Extension Target

The Escape Deposit ("Escape") is a key contributor to the Thunder Bay North
("TBN") Project, representing approximately 40% of the total metal content of
the estimated 14 million tonnes of indicated resources (NI 43-101 technical
report on the Thunder Bay North Project, Ontario, Canada, SLR Consulting
Canada Ltd, June 19, 2023) containing 2.4 million equivalent ounces of
platinum.

The Escape down-plunge extension target (Figure 1) is believed to have the
best potential for a major resource expansion within the Thunder Bay North
project. The Company has been working on improving the target definition in
this area since 2023, starting with the identification of a large untested
magnetic anomaly that extends from the known Escape high-grade zone to a
distance of 2.5 km (see August 29, 2023, News Release (https://pr.report/cijw)
).

Figure 1.
(https://app.accessnewswire.com/imagelibrary/20852591-9318-4675-a8b4-687d93c14493/1051219/clair-img1-07222025.jpg)
Airborne total magnetic intensity map with wireframes of Escape and Current
conduits as determined from drilling. The Escape grid with seismic sensors is
shown in white.
(https://app.accessnewswire.com/imagelibrary/20852591-9318-4675-a8b4-687d93c14493/1051219/clair-img1-07222025.jpg)

In the spring of 2025, the Company engaged an expert in Magnetotelluric (MT)
geophysical surveys to reassess historical MT data for the extension target.
The assessment identified three coincident magnetic and EM anomalies (Figure
2) that have strongly similar characteristics to the recently drill-confirmed
high-grade 'ballroom' mineralization at the Current Deposit (see October 3,
2024 (https://pr.report/cijx) and April 15, 2025 (https://pr.report/cijy) News
Releases). It also clearly identified the known mineralization at the Escape
High-Grade zone, which provides additional confidence in these three targets.

Figure 2.
(https://app.accessnewswire.com/imagelibrary/5215d26f-78f0-46ad-a01a-5722bbbd3d66/1051219/clair-img2-07222025.png)
Location of newly identified 'ballroom-type' coincident magnetic and
conductivity anomalies within the modelled down-plunge extension of the Escape
Deposit.
(https://app.accessnewswire.com/imagelibrary/5215d26f-78f0-46ad-a01a-5722bbbd3d66/1051219/clair-img2-07222025.png)

The initial drill hole and borehole EM survey is planned to test target BH
25-01 (Figure 3). This target coincides with the borehole EM anomalies
identified from historical drill holes in this area. In addition, it lies ~300
metres to the east of the easternmost, drill-defined extent of the Escape
Deposit that hosts the Escape High-Grade Zone. Highlights of the high-grade
results disclosed in the October 29, 2020, News Release
(https://pr.report/cijz) include:

·      98.9 m grading 1.89g/t Pd, 1.40g/t Pt, 0.69% Cu and 0.35% Ni from
324.4 m downhole in hole ELR20-025, including 19.2 m of 4.09g/t Pd, 2.90g/t
Pt, 1.42% Cu and 0.75% Ni from 392.5 m;

·      39.2 m grading 2.61 g/t Pd, 1.94 g/t Pt, 0.99% Cu and 0.61% Ni
from 395.0 m downhole in hole ELR20-028, including 21.70 m of 3.70g/t Pd,
2.69g/t Pt, 1.40% Cu and 0.89% Ni from 398.1 m;

·      96.0 m grading 1.63 g/t Pd, 1.22g/t Pt, 0.61% Cu and 0.34% Ni
from 326.8 m downhole in hole ELR20-008, including 18.0 m of 3.20g/t Pd,
2.29g/t Pt, 1.17% Cu and 0.76% Ni from 391.8 m.

Figure 3.
(https://app.accessnewswire.com/imagelibrary/71145ce6-2eaf-4cfc-a30e-8e7a041e3bf0/1051219/clair-img3-07222025.png)
Traversal MT 2D sectionoutlining Target BH 25-01.
(https://app.accessnewswire.com/imagelibrary/71145ce6-2eaf-4cfc-a30e-8e7a041e3bf0/1051219/clair-img3-07222025.png)

Clean Air Metals' Vice President of Exploration, Lionnel Djon, commented. "The
new geophysical assessments have delivered very appealing 'ballroom-type'
drill targets in the Escape down-plunge extension area. We are excited to
begin drill testing these targets that collectively represent the best
opportunity for a significant expansion of the high-grade Thunder Bay North
Pt-Pd-Cu-Ni sulphide mineralization."

Update on Advancing the Thunder Bay North Project

The Company continues to work on a Preliminary Economic Assessment on the
Thunder Bay North Project. This study is driven in part by the successful
drilling programs in 2024 and early 2025, which expanded high-grade ballrooms
at the Current Deposit, and provides confidence in the development of a
robust, higher-grade production model that improves toll milling potential.
The company has also increased activity on baseline environmental monitoring
at the site, which will be critical to obtaining a permit for advanced
exploration.

Mike Garbutt, CEO of Clean Air Metals, remarked, "The identification of
geophysically-constrained drill-ready targets in the Escape down-plunge
extension is an important breakthrough for the Company and gives us a tangible
path forward to expanding the highest-grade components of the existing TBN
global mineral resource. At a time that the broader market has realized the
investment appeal of the PGEs, reflected in the recent appreciation in both
platinum and palladium prices, we are excited to continue exploration for
high-grade mineralization at Escape and to commence work on a new PEA study
focusing on the higher-grade parts of both the Escape and Current deposits."

Upcoming 2025 AGM

Clean Air Metals will hold its 2025 Annual General Meeting on July 29, 2025,
at 1:30 p.m. EDT virtually at
http://momentum.adobeconnect.com/cleanairagm2025/ (https://pr.report/cik0) .
Shareholders are encouraged to register their vote by Friday, July 25, 2025,
at 1:30 p.m. EDT. The information circular, proxy forms and voting
instructions can be found on the Company's website at Annual General Meeting |
Clean Air Metals Inc. (https://pr.report/cik1)

Qualified Person

Dr. Lionnel Djon, Ph.D., P.Geo., a Qualified Person under National Instrument
43-101 and Vice President of Exploration for the Company, has reviewed and
approved all technical information in this press release.

About Clean Air Metals

Clean Air Metals is a development and exploration company advancing its
flagship, 100% owned Thunder Bay North Critical Minerals ("TBN") project, 40
km northeast of Thunder Bay, Ontario. The TBN project, accessible by road and
next to established infrastructure, hosts two (2) deposits - the Current and
Escape deposits, only 2.5 km apart. Together, the deposits host a 13.8 Mt
indicated mineral resource containing 2.4M Pt eq. oz (Technical Report on the
Thunder Bay North Project, Ontario, Canada, NI43-101, SLR Consulting Canada
Ltd, June 19, 2023) with significant potential for expansion down-plunge.

One of the rare primary platinum resources outside of South Africa, the TBN
project is in a stable and mining-friendly jurisdiction and benefits from
longstanding relationships with local First Nations. With its proven technical
team, Clean Air Metals is committed to growing the resources at the TBN
project and creating long-term value for shareholders.

Social Engagement

Clean Air Metals Inc. acknowledges that the Thunder Bay North Critical
Minerals Project is located within the area encompassed by the
Robinson-Superior Treaty of 1850 and includes the territories of the Fort
William First Nation, Red Rock Indian Band, Biinjitiwabik Zaaging
Anishinabek and Kiashke Zaaging Anishinaabek. Clean Air Metals also
acknowledges the contributions of the Métis Nation of Ontario, Region 2 and
the Red Sky Métis Independent Nation to the rich history of our area. 

The Company appreciates the opportunity to work in these territories and
remains committed to the recognition and respect of those who have lived,
travelled, and gathered on the lands since time immemorial. Clean Air Metals
is committed to stewarding Indigenous heritage and remains committed to
building, fostering and encouraging a respectful relationship with First
Nations, Métis and Inuit peoples based upon principles of mutual trust,
respect, reciprocity and collaboration in the spirit of reconciliation.

ON BEHALF OF THE BOARD OF DIRECTORS

"Mike Garbutt"

Mike Garbutt, CEO of Clean Air Metals Inc.

Connect with us on X (https://pr.report/cik2) / Facebook
(https://pr.report/cik3) / Instagram (https://pr.report/cik4) .

Visit www.cleanairmetals.ca (https://pr.report/cik5) for more information or
contact:

Mia Boiridy

Director of Communications and Investor Relations

250-575-3305

mboiridy@cleanairmetals.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Cautionary Note

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: 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 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 except in accordance with applicable securities laws. Actual
events or results could differ materially from the Company's expectations or
projections.

SOURCE: Clean Air Metals, Inc.

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