Angel Wing Metals Intercepts Gold Mineralization with Inaugural Drill Program at The La Reyna Project

Rhea-AI Summary

Angel Wing Metals (TSXV: AWM) has announced results from its inaugural 13-hole (1,400 metre) diamond drill program at the La Reyna Gold Project in Nayarit, Mexico. The program tested five prospects: El Polo, Dolorosa North, Dolorosa South, Celeste, and Zorillo.

Key findings include:

• All 13 drillholes showed anomalous intersections >0.1 g/T Au
• Eight holes returned intersections >1 g/T Au
• Notable results at El Polo: 2.07 g/T Au and 38.6 g/T Ag over 7.1m
• Dolorosa South highlights: 3.84 g/T Au and 13.8 g/T Ag over 2.10m

The program successfully confirmed depth continuity of extensive mineralization observed at surface. Only 10-15% of the total project area has been sampled to date, with follow-up work planned based on these initial results.

Positive

• 100% success rate with all 13 holes hitting anomalous gold mineralization
• 8 of 13 holes returned significant gold grades >1 g/T Au
• Multiple high-grade intercepts including 2.07 g/T Au over 7.1m
• Confirmed mineralization depth continuity across multiple prospects
• 85-90% of project area remains unexplored, indicating significant exploration potential

Negative

• Most gold intersections are relatively narrow width
• Current drilling to only 10-15% of total project area
• Some holes encountered heavily faulted ground affecting mineralization continuity

Vancouver, British Columbia--(Newsfile Corp. - April 9, 2025) - Angel Wing Metals Inc. (TSXV: AWM) ("Angel Wing Metals" or the "Company") is pleased to report assay results from the initial, 13-hole (1,400 metre) diamond drill program at the district scale La Reyna Gold Project in Nayarit, Mexico.

This drill program tested five widely spaced prospects: El Polo, Dolorosa North, Dolorosa South, Celeste and Zorillo. These targets represent a selection of the many prospects identified on the project to date. The objective of this first drill program was to confirm continuity at depth of the extensive mineralization and alteration observed at surface across the project. All 13 drillholes returned anomalous intersections greater than 0.1 grams per tonne Au (g/T Au). Eight of the 13 holes returned intersections greater than 1 g/T, see Table 1. For a plan view of the drill hole locations see Figure 1. For drill collar locations see Table 2.

Highlights include:

El Polo:

• 2.07 g/T Au and 38.6 g/T Ag over 7.1 m (hole LR-25-005)
• 1.01 g/T Au over 6.8 m from 72.80 m to 78.8 m including 2.09 g/T Au and 234 g/T Ag over 1.40 m. (hole LR-25-013)

Dolorosa South:

• 1.52 g/T Au and 12.4 g/T Ag over 7.75 m from 3.00 m down hole, including 2.10 g/T Au
• and 11.8 g/T Ag over 3.85 m (hole LR-25-001)
• 3.84 g/T Au and 13.8 g/T Ag over 2.10 m from 21.60 down hole (hole LR-25-011)
• 3.59 g/T Au and 9.9 g/T Ag over 2.30 m from 12.40 down hole (hole LR-25-012)

Marc Prefontaine, President and CEO states, "We are very pleased that such an early-stage drill program successfully intersected mineralization in 8 of the 13 drill holes completed to date, with all drill holes intersecting anomalous mineralization. This maiden drill program marks the first time this extensively altered area has been drill tested. Drilling has succeeded in its initial objective, confirming the depth continuity of the extensive alteration and mineralization observed over the different targets exposed at surface, confirming our belief that precious metal systems underlies the project land holdings. Only 10- 15% of the total project area has been sampled to date. As we remain focused on ensuring the progress we are making on the ground continues, we will use the results of this maiden program to plan for follow-up work on the property."

Table 1: Assay Intercepts - Grade Weighted

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Figure 1: Drill Hole Location Map

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DISCUSSION OF RESULTS:

El Polo

Three holes were drilled on the El Polo prospect, all successfully intersected a targeted hydrothermal breccia and flow banded rhyolite at depth.

• LR-25-005 intersected 2.07 g/T Au and 38.6 g/T Ag over 7.10 m, including 3.75 g/T Au and 69.8 g/T Ag over 3.35 m.
• LR25-006 intersected the target downdip in heavily faulted ground returning 4.65 m 0.99 g/T Au and 12.2 g/T Ag over 4.65 m, which includes 3.39 g/T Au and 19.1 g/T Ag over 1.05 m.
• LR-25-013 stepped out 30 m to the north and intersected breccia grading 1.01 g/T Au and 60.1 g/T Ag over 6.80 m. This intersection includes 2.09 g/T Au, 234.0 g/T Ag and 0.5% Zn over 1.40 m.

Gold mineralization is hosted primarily by a distinctive hydrothermal breccia and exhibits a strong correlation with tungsten. The target horizon is flanked by an extensive base metal anomaly (Zn>Pb) over 80 m in width. Values of Zn up to 0.6% occur in close proximity to the Au-W bearing hydrothermal breccias. See figure 2 cross section of results. More drilling is warranted to delineate the extents of the intersected mineralization.

Figure 2: El Polo Assay Section (Note LR-13 is 30 m to the north of holes 5 & 6). Looking east.

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Dolorosa South

Drilling at Dolorosa South also tested a series of historical trenches and pits dug into limited exposures of altered hydrothermal and fault breccia with quartz veining, in an area with scarce outcrop exposure. Four short holes tested this target from several orientations LR-25-001 intersected quartz vein breccia near surface for 7.75 m of 1.52 g/T Au and 12.4 g/T Ag, including 2.10 g/T Au and 11.8 g/T Ag over 3.85 m (See Table 1 and Figure 3 cross section). Hole LR-25-011 intersected 3.84g/T Au and 13.8 g/T Ag over 2.10 m in quartz vein breccia, while hole LR-25-012 intersected 3.59 g/T Au and 9.9 g/T Ag over 2.30 m. Drillhole LR-25-002 drilled the footwall in crystal tuff with 5 narrow intersections with anomalous gold less than 0.2 g/T Au. The grade thickness intersected in this area warrants follow up geophysics and drilling.

Figure 3: Dolorosa South Assay Section (looking east)

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Dolorosa North

Drilling at Dolorosa North target tested a series of historical trenches and pits exposing altered hydrothermal and fault breccia with quartz veining, in an area with little outcrop. Two drill holes tested this target.

LR-25-003 intersected a 4.4 m fault structure returning 0.1 g/T Au, 12 g/T Ag and 0.41% Cu, including 0.23 g/T Au, 37.9 g/T Ag and 2.8% Cu over 0.3 m. LR-25-004 is currently interpreted to have drilled the footwall to the target, intersecting anomalous gold and silver mineralization with a best assay of 0.35 g/T Au and 2.0 g/T Ag over 2.6 m. More drilling is needed to determine target geometry and thickness and test continuity with the Dolorosa South prospect. (Table 1).

Celeste

The Celeste Ridge exposes widespread silicification, brecciation, and stockwork quartz veining over a strike length of one kilometer. Two holes were completed with the objective of testing beneath the silificied cap; both holes intersected on the order of 50 m of siliceous, felsic volcanic rock with abundant pyrite. Locally hydrothermal breccias occur within the pyritic envelop with abundant quartz.

Zorillo

Two short holes (50 m each) were completed at Zorillo to better test broken and faulted quartz veins exposed in trenches. Holes LR-25-009 & 10 intersected intensely faulted vein material with only LR-25-009 intersected 0.81 g/T Au and 11.8 g/T Ag over 0.65 m.

Table 2: Drill Hole Coordinates

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QA/QC

HQ sized drill core samples were sawed in half and the half core samples were shipped to ALS Limited in Zacatecas, Zacatecas, Mexico and in North Vancouver, Canada for sample preparation and for analysis at the ALS laboratory in North Vancouver and rock samples were shipped to SGS Lab in Durango, Mexico for sample preparation and analysis. The ALS Zacatecas, North Vancouver facilities and SGS lab are ISO 9001 and ISO/IEC 17025 certified. Gold and Silver were analyzed using a four-acid digestion with an ICP finish and gold was assayed by 30-gram fire assay with atomic absorption ("AA") spectroscopy finish. Over limit analyses for silver, lead and zinc were re-assayed using an ore-grade four-acid digestion with AA finish.

Control samples comprising certified reference samples, duplicates and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's quality assurance / quality control protocol.

QUALIFIED PERSON

Marc Prefontaine, M.Sc. P.Geo., President and CEO, is a qualified person for the purposes of National Instrument 43-101 and has reviewed and approved the technical content in this news release.

ABOUT ANGEL WING METALS

Angel Wing Metals (TSXV: AWM) is focused on the exploration and development of its portfolio of precious metals properties in Mexico and Canada . The Company's flagship La Reyna Project covers 106.89 km2 in the southern extension of the prolific Sierra Madre Occidental gold-silver belt in the state of Nayarit, Mexico.

Angel Wing Metals is committed to sustainable and responsible exploration and business activities in line with industry best practices, supportive of all stakeholders, including the local communities in which the Company operates.

For more information, please visit the Company's website at www.angelwingmetals.com.

ON BEHALF OF THE BOARD OF ANGEL WING METALS INC.

Marc Prefontaine
President & CEO
Email: mprefontaine@angelwingmetals.com

Katherine Pryde
Investor Relations
Tel: 646-354-9375
Email: katherine@angelwingmetals.com

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

Forward-Looking Information: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", " expects" or "does not expect", "proposed", "is expected", "budgets", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. In particular, this news release contains forward-looking information regarding: exploration and future discoveries. There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information. This forward-looking information reflects Angel Wing Metals' current beliefs and is based on information currently available to Angel Wing Metals and on assumptions Angel Wing Metals believes are reasonable. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of Angel Wing Metals to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; general capital market conditions and market prices for securities; delay or failure to receive board or regulatory approvals; the actual results of future operations; competition; changes in legislation, including environmental legislation, affecting Angel Wing Metals; the timing and availability of external financing on acceptable terms; and lack of qualified, skilled labor or loss of key individuals. A description of additional assumptions used to develop such forward-looking information and a description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in Angel Wing Metals' disclosure documents on the SEDAR+ website at www.sedarplus.ca. Although Angel Wing Metals has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the foregoing list of factors is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Angel Wing Metals as of the date of this news release and, accordingly, is subject to change after such date. However, Angel Wing Metals expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.

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FAQ

What are the main gold intercepts from Angel Wing Metals' La Reyna drilling program?

The best intercepts include 2.07 g/T Au and 38.6 g/T Ag over 7.1m at El Polo, and 3.84 g/T Au and 13.8 g/T Ag over 2.10m at Dolorosa South.

How many drill holes were completed in Angel Wing's La Reyna initial program?

The initial program comprised 13 diamond drill holes totaling 1,400 metres across five prospects.

What percentage of Angel Wing's La Reyna project area has been sampled?

Only 10-15% of the total project area has been sampled to date.

What was the success rate of Angel Wing's initial La Reyna drilling program?

All 13 drillholes returned anomalous intersections >0.1 g/T Au, with 8 of 13 holes returning intersections greater than 1 g/T Au.