BTU Provides Update and Identifies New Target Areas

VANCOUVER, BC - BTU METALS CORP. ('BTU' or the 'Company') (BTU:TSX:V)(BTUMF:OTCQB) is pleased to provide an update as the Company continues to explore for gold and copper-gold-silver across its ~230km2 Dixie Halo property that shares a >35km common boundary with Kinross Gold Corporation's (K-TSX) recently acquired Great Bear project.

Through the combination of re-mapping on the property, the autumn field program and a new Artificial Intelligence report, the Company has identified multiple new target areas.

New mapping by the BTU geological team incorporates the full scope of work to date, including drilling in which almost all holes hosted anomalous gold, till sampling that yielded high pristine gold grain counts, SGH targets, as well as other sampling, and geophysical work. Artificial Intelligence provider, Windfall Geotek, is in the process of completing a revised report based on new information available from both sides of the border, (Kinross's Dixie project and BTU's Dixie Halo). Additionally, the team recently returned from site and has mapped and sampled some previously un-surveyed areas.

The team is currently planning the next field program expected to take place in the new year in order to hone in and prioritize targets within these areas.

Gold Potential and Future Work Plans in the Northern TNT Area

The TNT copper silver (+/ - gold) mineralization was discovered by drill testing a geophysical anomaly on a test line of ground induced polarization ('IP') geophysics up ice from copper bearing boulders. Drill hole BTU-19-13 intersected 1.14% Copper Equivalent over 44.3 metres (metal equivalency based on US$2.70/lb Cu, US$1350/oz Au, and US$17/oz Ag; noting that no adjustments were made in the metal equivalency calculation for metal recovery, as this is still an early-stage project). Further drilling on the same line (perpendicular to the strike of the geological units) intersected additional significant copper/silver/gold mineralization (e.g. 0.52% CuEq over 85 m in hole BTU-20-25).

Because the Company focused on drilling wide spaced step-out holes targeting the geophysical signature at the time, there were few holes drilled in the immediate area of the discovery. The nearest drill holes along strike were drilled ~260 metres north and ~370 metres south of discovery hole 13, thus a minimum of ~630 m of strike length in the immediate vicinity of the discovery has not been follow-up drill tested along strike.

To date, most of the work done following the TNT discovery focused on the area south of the discovery. Future work will focus on the relatively unexplored areas to the north of, and in the immediate vicinity of the TNT discovery. Anomalous gold was encountered in most of the drill holes in the TNT area and there are strong similarities between the rock units and alteration at the TNT area and the LP Fault area that hosts the world class gold mineralization on the Kinross Dixie project to the northwest. The extension of the LP Fault structure, if it continues to the southeast on the Kinross project and beyond would be through the area north of the TNT discovery and the associated broad alteration that accompanies the mineralization.

SGH Survey in Northern TNT Area

BTU's geological team completed sample collection in October for Spatiotemporal Geochemical Hydrocarbon (SGH) analysis in the area north of the TNT discovery (see figure 1). The SGH samples will be processed for both gold and copper signals. A total of 678 samples were collected on 50 m centers, covering an area of ~157 hectares. This area is between 400 m and 1500 m north of discovery hole BTU-19-13. The area of the SGH samples has only had one hole drilled within it and that hole is located near its southern margin and the area has only had one line of geophysical survey conducted nearby, that being where the solitary hole was drilled

Contact:

Paul Wood

CEO

Director

E: pwood@btumetals.com

BTU Metals Corp.

Telephone: 1-604-683-3995

Toll Free: 1-888-945-4770

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