Mr. Mario Pezzente of Musk Metals reports

MUSK METALS CORP. PLUTO PROPERTY

Musk Metals Corp. has terminated its property option agreement dated Jan. 19, 2022, and as amended on May 11, 2022, and June 27, 2023, with Jinhua Capital Corp., whereby the company agreed to grant an option for Jinhua to earn up to a 100-per-cent interest in 54 mineral claims constituting the Pluto property, located in the Dolomieu and Daubree townships of Quebec.

Summary and terms of the property option agreement

The option agreement was approved by the exchange and constituted Jinhua's qualifying transaction as defined by TSX Venture Exchange policy. Jinhua was granted the first option to earn an 80-per-cent interest in the property by:

• Paying the company $118,324 in cash, common shares of Jinhua or a combination thereof on the closing date of the option agreement (1,183,240 common shares issued by Jinhua to the company on Aug. 9, 2023);
• Paying an additional $118,324 in cash, common shares of Jinhua (in default) or a combination thereof at the sole election of Jinhua on or before Feb. 9, 2025, and closing of concurrent private placement of at least $500,000.

About Musk Metals Corp.

Musk Metals is a publicly traded exploration company focused on the development of highly prospective, discovery-stage mineral properties located in some of Canada's top mining jurisdictions. The company's properties are in the Chapais-Chibougamau, Abitibi, Upper Laurentides, Temiscamingue and James Bay regions of Quebec and the Golden Triangle district of British Columbia.

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