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Major Precious Metals Reports 5.5 Million Palladium Equivalent Ounce Indicated Resource and …

VANCOUVER, British Columbia, April 23, 2021 , and in accordance with NI 43-101.

The Mineral Resource Estimate was prepared by SLR using drill hole and channel sample data generated by previous operators to create an updated block model, incorporating recent increases in palladium and gold metal prices, and assuming an underground mining scenario at Skaergaard.

As part of the data verification and QA/QC procedures for the MRE, Major Precious Metals completed the re-sampling and assay testing of half-core samples from the 2011 Platina diamond drilling program under the full supervision of SLR staff in Dublin, Ireland.

The half-core was sampled at one-metre intervals over the entire thickness of the material, from the H0 through H5 horizons, including the low-grade horizons between H0 and H5.

The Mineral Resource Estimate in this news release has been classified in accordance with CIM Definition Standards on Mineral Resources and Mineral Reserves .

Major Precious Metals is a Canadian junior mining and exploration company based in Vancouver, BC that owns a diversified portfolio of exploration properties within some of the most promising precious and base metal deposits worldwide.

The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

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