VANCOUVER, BC / ACCESSWIRE / January 29, 2024 / CMC Metals Ltd. (TSX-V:CMB)(Frankfurt:ZM5P)(OTCQB:CMCXF) ("CMC" or the "Company") is pleased to provide an update on its Gavilanes silver-gold-polymetallic project.

The management team including Kevin Brewer, President and CEO, Jose Manuel Delgado Canedo, Director, CFO and Legal Advisor-Mexico, and Cesar Symonds, Project Geologist attended the annual assembly of the Ejido de los Gavilanes yesterday. The Company outlined its exploration plans for Gavilanes for 2024. The Ejido de los Gavilanes expressed support for the project and has agreed to enter into a Letter of Intent with CMC to advance an exploration agreement for the project. This is an important milestone for the project as the ejido control the surface rights and are also highly influential in the process related to the assignment of exploration permits in Mexico. An extension of the current permit has recently also been filed with the Mexican permitting authority SEMARNAT.

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