Cornish Metals TSXV:CUSN Stock Report

Cornish Metals Inc. Announces Election of Kenneth A. Armstrong and Tony Trahar to the Board of Directors

Cornish Metals Inc. announced election of Kenneth A. Armstrong and Tony Trahar to the board of directors at the Annual General Meeting held on July 28, 2022.

Cornish Metals Inc. Announces Commencing Metallurgical Study Drill Programme at South Crofty

Cornish Metals Inc. reported that it has commenced a minimum 8,000 metre drill programme at South Crofty. The programme is designed to collect samples for metallurgical testwork as part of the Feasibility Study. Key Points · Three drill rigs have been contracted from Priority Drilling, two drilling from surface and one from underground in the Tuckingmill Decline. · The first drill rig has commenced drilling and will collect samples from the central part of the mine complex, focusing on No. 4 and No. 8 Lodes. · The second rig will be on site by the third week of July and will target the North Pool Zone, located in the east of the resource area. · The third rig is expected in late July and will drill from underground in the Tuckingmill Decline, collecting samples from Roskear and Dolcoath Lodes in the western part of the mine complex. · "Parent" diamond drill holes will be drilled initially and multiple wedges ("daughter" and "granddaughter" holes) will be drilled from the parent hole to collect the samples. · Samples will be collected for various metallurgical studies, including XRT ore sorting, flowsheet optimisation, and paste backfill studies, as well as collecting assay data to complement the current Mineral Resource Estimate. The geology at South Crofty comprises metasediments (locally termed "killas") overlying an intrusive granite body. The killas typically hosts vein structures ("lodes") containing polymetallic copper - tin - zinc mineralisation, whereas the underlying granite hosts lodes that are predominantly tin only. The granite hosted tin mineralisation ("Lower Mine") is the focus of ongoing work at South Crofty. The technical information in this news release has been compiled by Mr. Owen Mihalop who has reviewed and takes responsibility for the data and geological interpretation. Mr. Owen Mihalop (MCSM, BSc (Hons), MSc, FGS, MIMMM, CEng) is Chief Operating Officer for Cornish Metals Inc. and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined under the JORC Code (2012) and as a Qualified Person under NI 43-101. Mr. Mihalop consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

Cornish Metals Inc. Reports Drilling from the Trenares Target, United Downs Project, Cornwall, UK

Cornish Metals Inc., Annual General Meeting, Jul 21, 2022

Cornish Metals Inc., Annual General Meeting, Jul 21, 2022.

Price target increased to CA$0.42

Up from CA$0.38, the current price target is provided by 1 analyst. New target price is 20% above last closing price of CA$0.35. Stock is up 79% over the past year. The company is forecast to post earnings per share of CA$0 next year compared to a net loss per share of CA$0.012 last year.