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Miocene Metals rpdates mrogress on drassroots doldJBase Metal sein mroperties TorontoI lntario – ganuary OPI OMNO – Miocene Metals iimited ETpuJsW MffF Ethe ±Company” or ±jiocene jetals”F today announced exploration results from its grassroots goldJbase metal vein projects in southJwestern British ColumbiaK qhe summer OMNN work programI which included prospectingI rockI siltI and soil sampling on the phulapsI Custer oidge and jount Barr propertiesI discovered new mineralization and generated specific targets for followJup in OMNOK eighlights Efull results are given belowF are as followsW phulaps · ia oochelle

drab samples of float from massiveI enJechelon quartz veins and massiveI quartzJrich dykes up to OM metres wide returned maximum values of MK8OB copper E±Cu”FI PKS8 gLt gold E±Au”FI MKVSB molybdenum E±jo”F and NKSRR gLt rhenium E±oe”FK Custer oidge

· Custer oidge bast jaximum values of MK8TP gLt AuI PMN gLt AgI MKQ8B CuI MKVPB mb and QKNPB wn were returned from grab samples taken from carJsized blocks of float mineralized by quartzJsulphide veinsK · Custer oidge test

A sample of shattered hornblende diorite outcrop with porphyryJstyle alteration and disseminated chalcopyriteI pyrrhotite and pyrite mineralization returned TON ppm Cu and NKON gLt AuK qhe sample was taken in the headwaters of a streamI which yielded silt sample values of NKOMR gLt Au in OMNN and OKPO gLt Au in OMNMK Mount Barr · Mount Barr North A AuJinJsilt value of MKMVP gLt Au was returned from a stream draining a SMM x OIMMM metre eastLwest trending magnetic low with coincidentI high radiometric signatureX the same area returned MKM8N gLt Au from a silt sample collected in OMNMK · Mount Barr pouth MKNPP gLt Au was returned from a silt sample draining the intersection of north and northJnortheast trending regional faultsK Commenting on the results Bruce gagoI mresident and Cbl of jiocene jetals statedI ±qhis is excellent progress as the majority of these propertiesI which cover the core of qertiaryJaged intrusionsI have seen

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little focused exploration for porphyryJrelated mineralization in the pastK fn additionI all of these properties have reasonable access and are located remarkably close to power and transportation infrastructureK OMNN sampling results have provided a focus for exploration in OMNO with the goal of producing drillJready targetsK qhese outstanding results nicely complement results from our more advanced projectsI oogers CreekI jachenzie and palal and represent the next projects in jiocene’s project pipelineK” phulaps qhe ia oochelle target is a S kilometre long by NKQ kilometre wide northJwest trending structural zone delineated by enJechelon quartz veinsI massive quartzJrich dykes up to OM metres wide and linear groupings of anomalous soil and grab samplesK seinsI dykes and grab samples are mineralized by fractureJfillingsI clots and blebs of chalcopyrite and molybdeniteK qhe zone is located SKO kilometers along strike to the southJeast of Anglo Canadian jining Corporation’s oex jountain or weus propertyI which hosts an historicI inferred resource of N8VIQRP tonnes grading 8KRT gLt Au and MKVOB Cu EBritish Columbia jincile ko MVOgkbMPQF within structurallyJcontrolledI sheeted quartzJsulphide veinsK qhe ia oochelle trend is defined by PM soil samplesI which returned values from OQKR to TSS ppm CuI MKMNN to MKOST ppm AuI MKMQ to PKVO ppm Ag and MKRQ to TVKR ppm joK eighlight samples from a total of OO float and grab samples collected along the trend returned the following resultsW

pample @ Copper EppmF

dold EppmF

jolybdenum EppmF

ohenium EppmF

h88NMSO NN PKS8M QI8QM MKVT8

h88NMSP PS MKRRN VIRTM NKSRR

h88MTQN 8IN8M MKMSM NNT MKMOQ

h88MTQR NITMM MKMNV NPN MKMPT

h88MTQT OITNM MKMOR O8R MKM8M

h88NVRP T MKMM8 OIMQM MKOMV

h88NVRQ PMS MKMMO PIMNM MK8T8

Custer oidge Custer oidge bast was recognized in OMNM as prospective for strikeJpersistentI mesothermal base metal ± AuJAg mineralized quartzJsulphide veins as prospecting in the lower reaches of the host drainage discovered up to carJsized boulders of quartzJsulphide vein mineralizationK mrospecting and sampling in OMNN discovered additional boulders further upJdrainage that point to a PKR x N kilometre source areaK eighlight samples of NR grab samples collected in OMNN returnedW

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pample @ Copper EppmF

dold EppmF

pilver EppmF

winc EppmF

iead EppmF

h88MORQ QI8OM MKMMO QS OINOM RIPRM

h88NMTS SRV MKM8R OP VISTM QIOMM

h88NM8P NISNR MKMMN PKM SNKM NMKM

h88MNRP TVKM MKOTO PQ NIQ8M RIVQM

h88MNRQ RSV MKQMM RP QNIPMM QIVRM

h88MNRS NI8MM MK8TP PMN P8ISMM QI8RM

h88MNRT NIPPM MKTRN NSS OOIVMM VIPRM

Custer oidge test was highlighted in OMNM for followJup on the basis of a silt sample in the lower reaches of a drainage that returned OKPO gLt AuK collowJup sampling in OMNN corroborated the anomalous nature of the drainageI with an anomalous silt sample in the lower reaches of the drainage returning NKOMR gLt AuK mrospecting up to the head of the drainage in OMNN discovered inJsitu AuJCu mineralization in alteredI rusty weathering dioriteK A grab sample from a shatteredI altered and mineralized outcrop in the upper reaches of the drainage returned NKOMN gLt Au and TON ppm CuK Mount Barr pilt sampling in the eastern half of jount Barr in OMNM highlighted a linear trend of five anomalous AuJinJsilt samples distributed along a NM kilometre long northJsouth trending zoneK qhe linear zone is interpreted as faultJrelated on the basis of airborne magnetic surveys conducted in OMNM and OMNNI and appears to part of a regionalI roughly northJsouth trending fault swarmI with related splaysI that hosts numerous gold and base metal occurrences within and parallel to the craser oiver CanyonK Mount Barr North qwo areas were defined by silt sampling in OMNN for followJup in OMNOK At jount Barr korthI NM silt samples from a SMM x OIMMM metre eastLwest trending magnetic low with a coincidentI high radiometric signature returned values from MKMMN to MKMVP gLt Au and QMKS to NMVKR ppm CuX the same structure returned MKM8N gLt Au in a silt sample collected in OMNMK Mount Barr pouth cive silt samples on jount Barr pouth returned values from MKMMN to MKNPP gLt Au and QPKT to SPKS ppm Cu in drainages from the intersection of north and northJnortheast trending regional faults as interpreted from airborne magnetic surveysK

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ptream sediment and rock samples were collected by jiocene jetals personnel and delivered directly to Aip Chemex itdK iaboratories in sancouver for preparation and analysisK qhe grab sample assay results quoted above represent samples of mineralization collected from outcrop by jiocene jetals staffK drab samples are selective by nature and are unlikely to represent average grades on the propertyK fn each case samples of mineralized outcrop weighing approximately MKR to O kg were collected using a rock hammerK oock samples were crushed to TMB passing O mmI after which a split was taken with a riffle splitter and pulverized to 8RB passing TR micronsK qhe samples were then analyzed for Q8 elements using ChemexDs jbJjpSN packageI which is an inductivelyJcoupled plasma mass spectrometry EfCmJjpF method utilising a near total four acid digestionK qhe samples were assayed for Au by standard lead collectionLfire assay fusion EAuJfCmONF using a PM gram pulp split and an inductively coupled plasma atomic emission spectrometry EfCmJAbpF finishK pilt samples were screened to minus OMM micronsI and analysed by the same techniques as described above for the rocksK qhe nualified merson responsible for the technical content of this press release is gose payo darciaI mKdeoI sice mresident bxploration of jiocene jetalsK About Miocene Metals iimited jiocene jetals is focused on the exploration and development of seven porphyry copperJgoldJmolybdenum properties in southJwestern British Columbia that occur within the qertiaryJaged Cascade jagmatic ArcK qhe Cascade Arc shares many geological characteristics with qertiaryJage porphyry belts that stretch the length of Chile and meru in pouth America and hosts some of the world’s largest porphyry copperJgoldJmolybdenum depositsK qhe Cascade jagmatic Arc hosts a number of significant porphyry CuJAu and jo deposits in tashington ptateI and Alaska Edlacier meak and jargaretI and nuartz eill respectivelyF but remains largely unexplored in British ColumbiaK keither the qpus nor its oegulation pervices mrovider Eas that term is defined in the policies of the qpusF accepts responsibility for the adequacy or accuracy of this releaseK cor curther fnformation mlease visit the jiocene jetalDs website at wwwKmiocenemetalsKcomI or contactW jiocene jetals iimited Bruce CK gagoI mhKaKI mKdeo jiranda Berukoff mresident and Cbl of jiocene jetals siceJmresident fnvestor oelations ESMQF SRQJOR8N or ESMQF SRQJOR8R or bjago@miocenemetalsKcom mberukoff@miocenemetalsKcom clotAoaJillhfkd pqAqbjbkqp qhis news release contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of the Corporation, including, without limitation, those listed under "oisk cactors" and " corward-iooking ptatements" in the Corporation's

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cinal mrospectus (collectively, "forward-looking information"F. corward-looking information in this news release includes, but is not limited to, information concerning the Corporation’s expectations and estimates regarding the Corporation’s drilling program. qhe Corporation cautions investors about important factors that could cause actual results to differ materially from those projected in any forward-looking statements included in this news release. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and may be forward-looking and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. ko assurance can be given that the expectations set out in the Corporation's cinal mrospectus or herein will prove to be correct and accordingly, prospective investors should not place undue reliance on these forward-looking statements. qhese statements speak only as of the date of this press release and the Corporation does not assume any obligation to update or revise them to reflect new events or circumstances. qhe Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.