Vancouver, B.C. (September 28, 2020) – First Energy Metals Ltd. (CSE: FE) (“First Energy” or the “Company) is pleased to announce that it has received assay results for overlimit grab rock samples of its Kokanee Creek Property located in the southeastern British Columbia, Canada. The results were originally reported on September 7, 2020 news release indicating three samples for zinc, and one sample for cobalt and tungsten over the laboratory’s method detection limits. The Company requested the laboratory to reanalyze the overlimit samples for zinc, cobalt and tungsten using a different method to get exact values.

Highlights:

•  Zinc values in three overlimit samples are in the range of 1.06% to 4.42% with average of 3 samples is 2.66%.
• Cobalt and tungsten values in Sample KK20-16R are 0.237% and 0.076% respectively using method AQ370.
• Samples KK20-02R and KK20-16R with silver results of 43 g/t were reanalyzed using fire assay method FA530 came back with values of 41 g/t and 38 g/t silver.

The July 2020 exploration work included prospecting to locate historical mineralization areas, carry out surface sampling, and mapping of veins and geological structures. A total of 27 grab rock samples were collected from various outcrops and mineralized areas mentioned in the historical exploration work reports. The results indicate anomalous values of silver, cobalt, tungsten, and zinc. The Company wants to caution that grab samples are selected samples and are not necessarily representative of the mineralization hosted on the property.

The samples were prepared and analyzed at ACME Analytical Laboratories (Bureau Veritas) in Vancouver, BC which is an independent accredited laboratory. Samples were prepared and analyzed using codes: PRP70-250- Crush, split and pulverize 250 g rock to 200 mesh; AQ252_EXT 34 1:1:1 Aqua Regia digestion Ultratrace ICP-MS analysis 30g; AQ370 – ICP AES analysis (1g); FA430 – Gold by Lead Collection Fire Assay Fusion - AAS Finish 30 g; and FA530 – Silver by Lead collection fire assay fusion - Gravimetric finish (30 g). Two field duplicates were also inserted in the samples for quality assurance and quality control purposes (QA/QC).

During fieldwork at the Kokanee Creek Property in July 2020, a mineralization area with 2 kilometres by 500 meters dimensions was targeted where historical drilling in 1997 returned encouraging gold, silver, lead, or zinc mineralization at shallow depths. In this area, historical drill hole KC97-02 (Azimuth 052°/ Dip -45°) returned 26.11 grams per ton (g/t) gold over 0.7m from 7.0-7.7m, and 13.52 g/t gold over 1.4m from 21.8-23.2m. In addition, rock samples within the zone returned values of 3.54 percent (%) zinc, 4.22 g/t gold, and 48.0 g/t silver. A continuous chip rock sample taken along a road cut returned 0.3% zinc over 55 m, and 2.26 g/t gold over 5m.

Cautionary Statement: Investors are cautioned that the above information has been taken from the BC Government’s database at following websites: https://www.mtonline.gov.bc.ca/mtov/home.do. (Assessment Reports # 25105 dated June 30, 1997; #27749 dated May 13, 2005; Eagle Plains Resources News Release Dated May15, 2013). A Qualified Person from the Company has not verified the data and information reported in this news release. The Company’s current exploration work is one of the several steps to verify historical work and to find new targets. The historical resource and production reported on the adjacent properties may not be indicative of the mineralization on the Company’s properties.

Afzaal Pirzada, P.Geo., Geological Consultant of the Company, and a “Qualified Person” for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

About First Energy Metals Limited.

First Energy Metals is a publicly traded Canadian mineral exploration company with a primary focus of acquiring a multi-commodity mineral property portfolio. Our goal is to identify, acquire and explore North American mineral prospects in the precious metal, base metal, and industrial metals sector.
The Company’s strategy is to:

• Acquire and advance projects through prospecting and early-stage exploration;
• Source Joint Venture partners to fund future exploration and project development;
• Create shareholder value through exploration success. 

First Energy will continue to add to its multi-commodity portfolio through organic acquisitions of new projects and opportunities with the intention of adding value and projects over time. The Company’s common shares trade on the Canadian Securities Exchange (CSE) under the symbol FE and are also listed on the US OTC Markets (Pink) as ASKDF and on the Frankfurt Stock Exchange as A2JC89.

ON BEHALF OF THE BOARD OF
FIRST ENERGY METALS LTD.

“Gurminder Sangha”
Gurminder Sangha
President & Chief Executive Officer
For further information, please contact the Company at: gsangha@firstenergymetals.com

Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.

Forward-looking Information 

Except for the statements of historical fact, this news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. “Forward-looking information” in this news release includes information about the Company’s intentions, plans and future actions. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. The Company has also assumed that no significant events occur outside of the Company’s normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Table 1: Assay Results

Note: The highlighted samples are field duplicates