District Metals intersects graphitic black shale in all 15 drill holes at Sweden Alum Shale properties

• District Metals completed first diamond-drilling at Österkälen, Malgomaj Alum Shale licenses in Sweden, targeting MobileMT conductive anomalies.
• 15 holes drilled for 1,943 m; each hole intersected graphitic black shale interpreted as Alum Shale Formation.
• Composite downhole Alum Shale thickness measured 51–65 m at Österkälen; 88–141 m at Malgomaj nr 1003; 79–87 m at Malgomaj nr 1002.
• Handheld radiometrics showed background to weak readings; assays pending to confirm grade, continuity of any mineralized horizons.
• Drilling pauses in September for moose hunting season; activity scheduled to resume at the Viken Property in October.

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