Clean Air Metals posts 14.0M tonne resource at Thunder Bay North

News provided by Clean Air Metals Inc. May 04, 2023, 07:00 ET Share this article Share to X Share this article Share to X THUNDER BAY, ON , May 4, 2023 /PRNewswire/ - Clean Air Metals Inc. (" Clean Air Metals " or the " Company ") (TSXV: AIR) (OTCQB: CLRMF ) (FRA: CKU) is pleased to announce that further to its disclosure of February 15, 2023 , the Company has completed an updated Indicated and Inferred Mineral Resource estimate disclosed in accordance with National Instrument 43-101 (" NI 43-101") for the Company's 100%-owned Thunder Bay North Critical Metals Project (the " Project "). The New Mineral Resource Estimate was prepared by SLR Consulting Ltd. ("SLR") and is based on an underground constrained resource model using a Net Smelter Return (NSR) cut-off value of US$48 /tonne and consensus metal pricing (Table 3). An NI 43-101 technical report will be filed on SEDAR within 45 days of the date of this news release.

The Current Deposit contains an Indicated Mineral Resource of 8.2 million tonnes grading 2.7 g/t 2PGE ("Pt + Pd"), 0.33% copper and 0.22% nickel and an Inferred Mineral Resource of 1.6 million tonnes grading 1.7 g/tonne 2PGE, 0.32% copper, 0.20% nickel (See Table 1; Figure 1). The Escape Deposit contains an Indicated Mineral Resource of 5.8 million tonnes grading 2.6 g/t 2PGE, 0.52% copper, 0.28% nickel and an Inferred Mineral Resource of 0.6 million tonnes grading 1.5 g/tonne 2PGE, 0.29% copper, 0.17% nickel (See Table 1; Figure 1). Thunder Bay North Critical Mineral Project Highlights Contained metal Indicated mineral resource at the Current Deposit is 717,000 oz 2PGE, 27,000 tonnes copper, 17,700 tonnes nickel.

Contained metal Indicated mineral resource at the Escape Deposit is 492,000 oz 2PGE, 30