CORE SAMPLING

Start of second phase of drilling sees Clean Air Metals add second rig at Escape

Clean Air Metals Inc. (formerly Regency Gold Corp.) has mobilised a second drill rig at the Escape Lake area of the Thunder Bay North Project with Phase 1 and 2 drilling continuing with a minimum total of 20,000m of drilling going forward.

 Section view of Phase 1, 2 drilling by Clean Air Metals on the Escape Lake mineralised conduit trend

Section view of Phase 1, 2 drilling by Clean Air Metals on the Escape Lake mineralised conduit trend

One drill continues to be focused on the southern portion of the Escape Lake mineralised zone conducting step-out holes testing possible lateral and along strike extensions to the south and east.

The second drill has mobilised to the northern portion of the Escape Lake mineralised zone and will be helping complete Phase 1 planned holes and step-out holes to the north to follow the postulated trend of the mineralised magma conduit on the Phase 2 drilling layout.

Reconnaissance drilling by the previous project operator 650m north of the company's Phase 1 drill pattern, obtained a mineralised intercept in favourable ultramafic conduit rocks including peridotites and olivine melagabbros in Hole 10CL0003 from 205.5m to 232.8m assaying 27.3m of 1.15ppm (g/t) Platinum, 1.3ppm (g/t) Palladium, 0.43 per cent copper, 0.22 per cent nickel.

Clean Air Metals plans a systematic approach to drilling off the potential strike extensions of the mineralised conduit in Phase 2 including application of borehole electromagnetic, borehole magnetometric resistivity and magnetotelluric surveys to isolate conduit architecture and follow the path of electrical conductivity in the mineralised magma conduit trend.

CEO Abraham Drost said: "The addition of a second drill at Escape Lake is a welcome result of the recent closing of the company's oversubscribed CAD$6.7 million (US$4.9 million) flow-through financing at C$0.50/flow through share. The second drill will help the company to increase the pace of exploration on Phase 1 testing of the Escape Lake Intrusion mineralised zone, transitioning to Phase 2 testing of an interpreted strike extension of the mineralised magma conduit to the north and south."