All statements and information other than statements of historical fact may be forward-looking statements. Forward-looking statements are statements and information regarding possible events, conditions, or results of operations that are based upon assumptions about future conditions and courses of action. securities laws, which we refer to collectively as 'forward-looking statements'. This news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements'), within the meaning of applicable Canadian securities laws and 'forward-looking information' within the meaning of applicable U.S. The Skagway port could once again become an option in 2025 or 2026 after the redevelopment project is completed. The Company is also currently exploring other options and expects a new arrangement in place by July 2023 in time for our summer concentrate haulage period. One option is the port at Stewart, BC which is a suitable alternative.

Minto is currently in discussions with certain parties to explore other alternatives to shipping concentrate from Skagway. This work allows for the berthing of an additional cruise ship and revamps the industrial section which results in no ability to load ore until the project is completed. The Skagway Port Redevelopment project involves significant rework of the Ore Dock over a two-year duration. Despite Minto's best efforts to reach a mutually beneficial agreement, the town of Skagway recently came to a decision to shift the focus of its port towards cruise ships and tourism.

WHITEHORSE, YT, Ma/CNW/ - Minto Metals Corp. ('Minto' or the 'Company') today announced it will cease to ship its copper concentrate through the port of Skagway for at least the next two years, where concentrate from the Minto Mine has been shipped since 2008.

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