NV Gold Corporation Announces Intended Plans For Its 2022-2023 Exploration Program And The Commencement Of Drilling At Its Sandy Project |

NV Gold Corporation (TSXV:NVX) (OTC PINK:NVGLF) ("NV Gold" or the "Company") is pleased to announce its intended plans for the 2022-2023 exploration and drilling program for its six highest priority projects in Nevada. The Company has secured a drill rig and has initiated drilling at its Sandy Project

Additionally the Company is in the process of completing a detailed strategic analysis and field investigation of the 31 targets identified by Goldspot Discoveries Corp's ("Goldspot") review of NV Gold's Data Library using its proprietary AI technology (see press release dated August 11, 2022 on the Company's website at www.nvgoldcorp.com). This review is intended to identify longer term prospective projects to continuously add to NV Gold's project pipeline. NV Gold holds one of the largest, most prolific land packages in Nevada, arguably the best gold mining jurisdiction in the World.

Highlights of the exploration programs by project are as follows:

Thomas Klein, VP Exploration commented, "I am excited about the exploration program we have in front of us. For the past two years, it has been challenging to engage drill rigs in Nevada with qualified teams. We are fortunate to have recently engaged Envirotech to commence our 2022-2023 exploration program. We have priority targets on several projects and expect significant field activity with respective news flow over the course of the next several months. I am optimistic that we could have several significant discoveries. Additionally, the targets identified by Goldspot provides a portfolio of high potential targets to add to our already large land package in Nevada."

John Seaberg, NV Gold's Chief Executive Officer added, "NV Gold is at a pivotal juncture in its evolution. We have amassed a significant portfolio of high priority gold properties in Nevada and are excited to test their potential, many of which have never been drilled before. We will be very active over the course of the next several months as we begin to unlock the hidden value of these properties.

Diagram one- Project Landing Page

About NV Gold Corporation NV Gold is a junior exploration company based in Vancouver, British Columbia that is focused on making significant gold discoveries in Nevada through well-planned and executed exploration activities. The Company aims to quickly evaluate and advance mineral opportunities to drill-ready stage utilizing its widely recognized and experienced technical team and its extensive historical data.

On behalf of the Board of Directors,

John Seaberg Chief Executive Officer

For further information, visit the Company's website at www.nvgoldcorp.com or contact:

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company's identification of new target areas, the potential of these targets, the timing and extent of exploration activities and the anticipated outcome, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, the extent to which mineralized structures extend on to the Company's Projects, the extent to which other promising geological features predict mineral deposits and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

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NV Gold Corporation (TSXV:NVX,OTC Pink:NVGLF) is a junior exploration company focused on delivering value through mineral discoveries and a highly-experienced in-house technical team. The company owns 16 gold properties throughout Nevada, which was named the number one mining jurisdiction in the world by the Fraser Institute. NV Gold is primarily focused on developing its Frazier Dome project.

The Frazier Dome project is located near the Tonopah mining district and is 32 kilometers from Columbus Gold’s (TSX:CGT) Eastside project. The company’s 2018 drill program tested four of nine target areas and intersected between 0.10 g/t gold and 1.035 g/t gold in five holes. The company is currently conducting a surface mapping, sampling, geophysics and drilling program that’s targeting the gold mineralization adjacent to the intrusive dome.

NV Gold’s 15 other Nevada properties are all in various stages of development. The company intends to develop each of its properties one at a time and is continuously looking to acquire additional projects. The company also intends to drill on one of these projects.

NV Gold has gained access to AngloGold Ashanti’s (ASX:AGG,NYSE:AU) and USMX Inc.’s historical databases, giving the company an edge over its peers when it comes to exploration. The company has also attracted the attention of Eric Sprott, Redstar Gold Corp. (TSXV:RGC) and US Global Investors who collectively own 16 percent of shares.

The company also boasts three highly-regarded and skilled management team members who all have experience working in Nevada. Heading the team is Chairman and CEO John Watson who has over 30 years of experience in the mineral resource industry in Nevada. Joining him are directors Dr. Quinton Hennigh, Dr. Odin Christensen and VP Exploration Dr. Marcus Johnston, who collectively have over 55 years of mining experience in Nevada.

The Frazier Dome project is comprised of 50 unpatented mining claims. The project is 13 kilometers north of the Tonopah mining district in Nevada. The Tonopah district contains two styles of volcanic-hosted epithermal gold mineralization: high-grade, intermediate sulfidation veins and low-sulfidation, gold-rich mineralization. The mineralized system at Frazier Dome is similar to the low-sulfidation mineralization found in the district and at Columbus Gold’s Eastside project which is located 32 kilometers to the west.

The project contains a high-grade, low-sulfidation, volcanic-hosted epithermal gold system in three areas: silicified breccias and veins, north and northwest-trending quartz vein stockworks and silicified volcanic lacking veins. The veins have been traced up to 370 meters before projecting under a thin post-mineral volcanic and alluvial cover.

Between 1980 and 1991, historical drilling intersected an area of shallow gold mineralization. Drilling, however, failed to test all areas of outcropping gold or for mineralization beneath the cover. Notable historical drill results included 1.5 meters grading 10.38 g/t gold and 15.2 meters grading 0.85 g/t gold.

Based on preliminary exploratory work, NV Gold has identified a target area adjacent to the intrusive dome that could be conducive to the development of high-grade epithermal mineralization. The company’s 2018 drill program tested four of nine target areas. Five of the eight widely-spaced holes intersected between 0.10 g/t gold and 1.035 g/t gold.

“Modelling of the Frazier Dome identified many geologic similarities with the shallow parts of low-sulfidation epithermal deposits, especially resources related to other rhyolite domes in the vicinity, such as the Eastside, Hasbrouk and Three Hills gold deposits,” said NV Gold VP Exploration Dr. Marcus Johnston. “The eight reverse circulation holes NVX drilled in 2018 all encountered significant runs of alteration and gold and silver mineralization. The lengths and widths of the mapped fracture and vein sets, combined with the long-runs of alteration and mineralization in drilling, and the shallow nature of the exposed system all point toward a potentially bonanza-grade deeper deposit(s), and the possibility of bulk-tonnage ore to be found on the property.”

NV Gold is currently conducting an exploration program at Frazier Dome. The program includes surface mapping, sampling, geophysics and drilling that will target the gold mineralization adjacent to the intrusive dome.

NV Gold has 14 additional properties in Nevada that are in different phases of development. The company intends to continue to move each property forward with plans to acquire additional properties.

The 6.5-square-kilometer SW Pipe project resides in the Cortez Gold Belt in north-central Nevada. The project is six kilometers southwest of Barrick Gold Corp.’s (TSX:ABX) Pipeline gold mine, which contains approximately 21 million ounces of gold.

Between 1989 and 1997, the property saw historical vertical drilling. Within 150 meters of the surface, a previous operator intersected gold mineralization. Notable results from the program include 17 meters grading 0.44 g/t gold, 11 meters grading 0.75 g/t gold and 18 meters grading 0.60 g/t gold.

NV Gold’s first-phase rock sampling returned gold values up to 1.74 ppm gold with high arsenic and antimony levels. The mineralization at SW Pipe is predominantly within 100 meters of the surface. Gold can be found over a vertical range of at least 300 meters within a 1.3-kilometer by 500-meter area.

The company’s preliminary results from the project indicate that north and northwest-striking faults may have localized mineralization which spread laterally away from these faults. The faults have not been drill tested to date.

NV Gold is reviewing historical exploration data which includes original assay certificates and drill logs, surface rock chip and soil data, internal third-party reports and geological and geophysical interpretations. Aside from its data review efforts, the company also intends to continue to assess the property for mineralization at the feeder structures and outside of historical drilling areas.

The Richmond Summit project is four miles northwest of Newmont Goldcorp’s (NYSE:NEM) Mike copper-gold deposit in the Maggie Creek district and five miles south of Newmont Goldcorp’s Carlin gold mine. The Maggie Creek district has a gold production, reserves and resource total of approximately 29 million ounces with 10 million ounces concentrated in the Carlin mine area alone.

Carlin-type gold mineralization occurs in several widely-spaced areas on the property. Select surface samples from the Main zone returned 7.75 ppm gold, and historical trenching samples returned 20 feet grading 3.048 ppm gold, 10 feet grading 4.960 ppm gold and 10 feet grading 3.59 ppm gold.

Before 1991, limited historical drilling intersected shallow gold mineralization within 200 feet of the surface, returning 10 feet grading 2.54 ppm gold. Mineralization in the area is accompanied by elevated arsenic, antimony and mercury levels, which are typically associated with Carlin-type gold mineralization.

The Ridge zone is 1,200 feet west of the Main zone which is another area of interest for NV Gold. Trenching returned 72 meters of anomalous gold with values of up to 1.97 g/t gold, and a rock-chip sample returned values of 3.7 g/t gold.

Two drill holes were completed at the Main zone and one at the Ridge zone. One of the holes at the Main zone intersected anomalous gold and arsenic values of up to 400 ppb gold and 2,600 ppm arsenic.

The Root Spring project is 80 kilometers south of Winnemucca, Nevada and 26 kilometers east of Coeur Mining’s (NYSE:CDE) Rochester silver mine. A 1.2-kilometer-long vein system has been identified on the property to date. Significant gold and silver values have been recovered as well, including up to 9.4 g/t gold and up to 1,500 g/t silver.

As part of NV Gold’s 2019 exploration program, the company completed mapping, sampling and drill target generation at the Root Springs project. The company traced the Root Springs vein system at surface for over 1,200-meters along strike and determined that there are two spatially distinct vein sets present. NV Gold also collected 39 rock-chip samples from the property. Sampling returned values up to 1,495 g/t silver and up to 8.02 g/t gold, along with positive base metal results of up to 0.51 percent copper, 0.68 percent lead and 0.89 percent zinc.

The Painted Hills property is 17 miles southwest of Denio, Nevada. A historical exploration program tested a portion of the 1.5-kilometer strike length on the property. Previous operators have conducted historical drilling on the property which identified a Middle Miocene gold system that shares similarities with the Sleeper vein deposit which is 85 kilometers southeast of the property.

The Cooks Creek project is eight miles west of Barrick Gold’s Pipeline mine and is adjacent to the Cortez and Cortez Hills deposits, which contain over 25 million ounces of gold. NV Gold has intersected 21.3 meters grading 2.32 g/t gold at the Main zone in 2016. Samples from the Dinner zone returned up to 2.45 ppm gold.

The Baker Spring project is a sediment-hosted, Carlin-style gold project located 12 miles north of Newmont’s Long Canyon mine, which contains a mineral reserve of 1.2 million ounces of gold grading 2.31 g/t gold. The Baker Spring project remains undrilled to date.

The Seven Devils project is 55 miles south of Winnemucca, Nevada. Widespread gold has been identified on the project, grading up to 2.6 g/t gold over a 3.3-kilometer strike length.

The Larus project is 23 miles northwest of Eureka, Nevada, 30 miles southeast of Barrick Gold’s Cortez Hills mine, two miles northwest of General Moly’s (TSX:GMO) Mt. Hope molybdenum deposit and six miles east of the Gold Bar district. Previous operators recovered values of 3.2 g/t gold on the property and delineated a strike length of approximately 4,000 feet.

Silicified Ov black shale from megabreccia below detachment fault 1.495 ppm

The Gold Cloud project is 17 miles south of Barrick Gold’s Ruby Hill gold mine in the Eureka mining district. The property has seen limited historical exploration where anomalous gold values were traced for 2,300 feet along a 6,000-foot system. Values of 2.8 g/t gold have been recovered on the property.

The Queens project is eight miles southeast of Kinross’ Round Mountain gold mine and five miles northeast of the Manhattan gold district. Approximately 500 meters of historical shallow drilling was completed in the early 1990s. Results include 23 meters grading 0.793 g/t gold, 17 meters grading 0.462 g/t gold and 14 meters grading 0.530 g/t gold.

The Long Island project is 12 miles southeast of Kinross Gold’s (TSX:K) Round Mountain gold deposit and 6.5 miles east of the Manhattan gold district. The property has seen limited historical exploration to date and hosts anomalous gold, arsenic and mercury values.

The Oasis project is located within the Goldfield mining district, which has produced 4 million ounces of gold in the Walker Lane Belt. NV Gold has recovered a surface gold sample that graded 6 g/t gold.

Centerra Gold (TSX:CG) completed a drill program on the property in 2010 and 2011. Results from the program include 96.1 meters grading 0.26 g/t gold, 30.5 meters grading 0.40 g/t gold and 169.2 meters grading 0.22 g/t gold.

The gold mineralization on the property correlates with copper, molybdenum, tin, potassium, potassium alteration and a-type quartz veinlets. There is potential to expand the copper-gold system at depth and to the south.

NV Gold is acquiring the Slumber gold property located in the Jackson Mountains. The property is approximately 50 miles northwest of Winnemucca, Humboldt County and 21 miles west of the Sleeper gold deposit.

The Slumber project is one of several high-grade epithermal gold systems on trend with the western splays and associated fault-fracture zones throughout the Jackson Mountains, Bilk Creek Mountains and up into Oregon. The splays and fault zones host numerous deposits, including Sleeper, Sulphur-Hycroft, Goldbanks, Blue Mountain and Sandman, among others.

To date, NV Gold has completed an initial exploration program at Slumber comprised of mapping, sampling and two geophysical surveys. Through the program, the company has identified a large hidden structural gold target that coincides with a 2,000-meter-long by 300-meter-wide magnetic low. NV Gold intends to follow up on the anomaly with a 1,200-meter drill program.

Mr. Watson has over 45 years experience in the mineral resource industry. Mr. Watson is the Founder of the Company and served as Chairman and CEO from 2009 through 2017 and Chairman since 2017. From 2002 to 2007, Mr. Watson was the President of Pan-Nevada Gold Corporation which, prior to the completion of its plan of arrangement with Midway Gold Corp. effective April 13, 2007, was a TSX Venture Exchange listed company focused on the acquisition, exploration and expansion of advanced stage gold projects in Nevada. Pan-Nevada performed extensive exploration and resource expansion of the Pan Project in Nevada, now in production. From 1979 to 1993, Mr. Watson was the President and CEO of Horizon Gold Corporation, which was listed on NASDAQ from 1986 to 1993. Horizon Gold Corporation built and operated two open pit, heap leach mines in Nevada during the period from 1985 to 1992. Mr. Watson holds a B.A. in Geology from the University of Texas and an M.Sc. in Mineral Economics from the Colorado School of Mines.

John Seaberg has held several executive roles within the mining industry throughout his career. Since September, 2021, he has been CFO of Condor Gold plc. From July 2019 to June 2021, he was the Senior Vice President and CFO of Calibre Mining. Prior to Calibre, he was the Executive Chairman of Paramount Gold Nevada Corp. He was previously Senior Vice President of Strategic Relations at Klondex Mines Ltd. In this role he was responsible for global investor relations and corporate development initiatives as an acting member of the senior executive team. Prior to Klondex, John was employed for more than 12 years by Newmont Mining Corporation where he last held the position of Vice President, Investor Relations. He has a Bachelor of Science Business Administration (BSBA) degree from Colorado State University and a Masters of BusinessAdministration (MBA) from the University of Denver.

Mr. Golden brings over 40 years of experience in the mining industry, across six continents. He has held senior executive roles with some of the largest mining operators in the world and played a pivotal role in the discovery of the Syama, Oyu Tolgoi, Agbaou and West Musgrave ore deposits. Prior to assuming his current role leading ASX listed Arrow Minerals Ltd, Mr. Golden was the Global Exploration Manager for Nordgold, with projects spanning across Africa, South America, Canada and Russia. Mr. Golden also held the role of General Manager, Exploration of Rio Tinto, responsible for discovering and acquiring resources in Central and West Africa. Prior to Rio Tinto, he spent three years as Regional Director of Exploration at Kinross Gold Corporation in Russia, where amongst other tasks, he was responsible for increasing the company’s gold reserves through the discovery, identification, acquisition, and economic evaluation of gold deposits in Russia. He also held the role of Chief Geophysicist of WMC Resources in Australia and was Principal Geoscientist for BHP Minerals for 18 years. Mr. Golden has a proven global track record of leading multi-disciplined exploration programs in different climates, conditions and regulatory regimes.

Alfred (Alf) Stewart has a career spanning over 40 years in the resource and investment industries. His career includes time spent as a geologist, stock exchange regulator, investment banker, analyst and investment advisor. He has worked for firms such as Bank of Montreal, Esso Minerals, Erickson Gold Mining, Canaccord Capital, Haywood Securities, Golden Capital and Raymond James. He has been involved in financing mining companies for over two decades, including discoveries in the base and precious metals sectors.

John Watson has over 30 years of experience in the mineral resource industry. From 2002 to 2007, he was the President of Pan-Nevada Gold Corporation which, prior to the completion of its plan of arrangement with Midway Gold Corp. effective April 13, 2007, was a TSXV-listed company focused on the acquisition, exploration and expansion of advanced-stage gold projects in Nevada. From 1979 to 1993, Watson was the President and CEO of Horizon Gold Corporation, which was listed on NASDAQ from 1986 to 1993. Horizon Gold Corporation built and operated two open-pit, heap leach mines in Nevada during the period from 1985 to 1992. Currently, he is a director of Prospero Silver Corp., a TSXV-listed company operating in Mexico. He holds a B.A. in Geology from the University of Texas and an M.Sc. in Mineral Economics from the Colorado School of Mines.

Thomas Klein brings over 25 years of distinguished global exploration experience. He has made very important contributions to multiple gold discoveries and/or project advancements in the USA, South America, West Africa, and the Middle East, and has spent the last decade exploring and generating exploration opportunities for Newmont Mining in Nevada. Klein discovered the Kupfertal Cu-Au Porphyry in Peru, is credited as the co-discoverer of the Amulsar Gold Deposit in Armenia, holds a Masters in Mineralogy from Ruprecht-Karls University in Heidelberg, Germany, and is a Member of the Geological Society of Nevada.

Ron Schmitz is the Principal and President of ASI Accounting Services Inc., which has provided administrative, accounting and office services to public and private companies since July 1995. He has served as a Director and/or Chief Financial Officer of various public companies since 1997, and currently holds these positions with various public and private companies.

Peter Ball brings over 25 years of experience as a mining professional at all levels of leadership. Throughout his career, he has held various senior management roles with international precious metals mining companies in corporate finance, securities trading, mine engineering, business development, corporate communications, public relations and marketing functions throughout North and South America, Asia and Europe.

Ball began his career in the late 1980s working as a mining engineer, a technical representative and in various management and senior executive roles for numerous companies including Redstar Gold, Columbus Gold, Hudson Bay Mining & Smelting, Echo Bay Mines Ltd., RBC Dominion Securities, Eldorado Gold Corp., Adriana Resources Inc. and Argentex Mining Corp. He is a graduate of the Haileybury School of Mines, Georgian Business College, UBC’s Canadian Securities Course and is a member of CIMM.

Dr. Quinton Hennigh is currently Chairman and former CEO of Novo Resources Corp., a Canadian corporation actively exploring for gold in Western Australia. Prior to founding Novo, he was the President of Exploration and Chief Geologist of Evolving Gold Corporation. He is credited with the discovery of the Rattlesnake Hills deposit in Natrona County, Wyoming. From May 2007 to March 2008, he was the Vice-President of Exploration for Evolving Gold Corp. From May 2004 to March 2007, he served as Senior Research Geologist with Newmont Mining Corporation.

Dr. Hennigh has worked throughout North America, in Europe, Australia, Asia and South America with several mining companies and has spent years developing regional concepts for the exploration for buried gold deposits, particularly in Nevada. He holds a Bachelor of Science from the University of Missouri and an MSc. and Ph.D. from the Colorado School of Mines. He is a member of the Society of Economic Geology and of the Mining and Metallurgical Society of America.

NV Gold Corporation (TSXV:NVX)(OTC PINK:NVGLF) ("NV Gold" or the "Company") is pleased to announce the finalization of the strategic data analysis (The Data Library Project) by GoldSpot Discoveries Corp. ("GoldSpot") (SPOT

NV Gold's Data Library consists of multiple data compilations, covering Nevada and elsewhere, including extensive proprietary exploration files created by AngloGold, USMX, Canyon Resources and others. Multiple significant regional geological, geochemical, and geophysical exploration programs generated this data, comprised of over 40 years of effort, and at a historical cost in excess of US$20 million.

Goldspot handled the legacy data inventory reviewing 241 file boxes and large numbers of rolled maps that were stored in NV Gold's warehouse in Reno, Nevada. A total of 1,186 individual files were scanned and the georeferenced maps were sorted by their designated county.

Data extracted from the scanned documents included:

One of the most effective data layers for gold targeting is the surface rock samples. GoldSpot evaluated areas peripheral to each anomalous rock sample noting its host, its exploration potential and generating ranked exploration targets. The targets were ranked on the published geology of the areas and on other proprietary criteria.

In total, GoldSpot identified 31 targets which were categorized and ranked, to be evaluated by NV Gold's technical team.

"I am excited about the outcome of this data analysis and the results presented by GoldSpot and their technical team. It has been our plan to get NV Gold's extensive geological databases into a digital format, homogenized and analyzed. The Company now has a cutting-edge advantage over other explorers in Nevada, and NV Gold will look forward to analyzing and potentially to adding new highly prospective properties with discovery potential to our Exploration Pipeline." commented Thomas Klein, VP Exploration of NV Gold.

GoldSpot Discoveries Corp. (SPOT) is a technology and investment company that leverages machine learning to reduce capital risk while working to increase efficiency and success rates in resource exploration and investment. GoldSpot Discoveries combines proprietary technology with traditional domain expertise, offering a front-to-back service solution to its partners, and in some cases, capital to initiate exploration programs. GoldSpot's solutions target big data problems, making full use of historically unutilized data to better comprehend resource property potential.

John Watson, NV Gold's Chairman added, "Historical data can be of great value for many reasons. New geologic models continue to evolve and historical results can illuminate new concepts that can lead to new discoveries. Knowledge of previous work can save many man-hours and avoid duplication of field effort, thus making exploration expenditures more focused and efficient. SPOT's analysis should lead to efficient evaluation of priority areas and add promising new projects."

NV Gold is a junior exploration company based in Vancouver, British Columbia that is focused on making significant gold discoveries in Nevada through focused exploration activities. The Company aims to quickly evaluate and advance mineral opportunities to drill-ready stage utilizing its widely recognized and experienced technical team and its extensive historical data.

On behalf of the Board of Directors, John Seaberg Chief Executive Officer

For further information, visit the Company's website at www.nvgoldcorp.com or contact:

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company's identification of new target areas and other planned exploration activities, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, the extent to which mineralized structures extend on to the Company's Projects and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

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NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") is pleased to announce the appointment of Mr. John Seaberg as the Company's new Chief Executive Officer

Mr. Seaberg has held several executive roles within the mining industry throughout his career. Since September, 2021, he has been CFO of Condor Gold plc. From July 2019 to June 2021, he was the Senior Vice President and CFO of Calibre Mining. Prior to Calibre, he was the Executive Chairman of Paramount Gold Nevada Corp. He was previously Senior Vice President of Strategic Relations at Klondex Mines Ltd. In this role he was responsible for global investor relations and corporate development initiatives as an acting member of the senior executive team. Prior to Klondex, John was employed for more than 12 years by Newmont Mining Corporation where he last held the position of Vice President, Investor Relations. He has a Bachelor of Science Business Administration (BSBA) degree from Colorado State University and a Masters of BusinessAdministration (MBA) from the University of Denver.

John Watson, NV Gold's Chairman commented - "I am very pleased to introduce Mr. Seaberg as NV Gold's new CEO. His breadth of experience is well-suited to lead our Company into the future. John's strong background in finance and investor relations, combined with his industry reputation will be pivotal to achieving the Company's goals. NV Gold is pursuing an aggressive exploration strategy designed to take advantage of its significant Nevada property portfolio."

Concurrent with Mr. Seaberg's appointment as CEO, Mr. Seaberg has been appointed to the Company's Board of Directors and John Watson will resume being just the Chairman of the Company.

In addition, the Company has granted 3,100,000 stock options to directors and officers of the Company, each option entitling the holder to purchase one common share of the Company at C$0.10 per share for five years.

On behalf of the Board of Directors,

For further information, visit the Company's website at www.nvgoldcorp.com or contact: Freeform Communications at 604.245.0054

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Hole SL-27 Returns 112m @ 0.26 gpt, Hole SL 25 Returns 47m @ 0.32 gpt

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") The Company reported an update today on its 2021-2 Slumber Project in Nevada, USA

NV Gold is pleased to announce positive results from the successful completion of the 2021-22 drilling program at its 100%-owned Slumber Project. In addition to enlarging the footprint of the epithermal mineralizing system, this recent program intersected higher grades in certain areas and indicates mineralization remains open laterally and to depth.

To view the full sized image, please click here

Figure 1: Location of Slumber project and nearby mining operations, past and present.

Slumber Gold Project, Humboldt County, Nevada

Three drill campaigns have been conducted between August 2019 and early 2022; 29 RC holes (reverse circulation) have been completed, totaling 5,200.9 m (17,063.3 ft).

The initial two drilling campaigns focused on a bonanza-style model and targeted a tightly-confined, silicified, and mineralized area in the central part of the Property. While the early drilling did not encounter the desired high-grade structures, it did intercept significant zones of low-grade-oxide gold along the northern limits of the initial drill area. In 2021 NV Gold reinterpreted this zone of mineralized silicification, using CSAMT data and IP-Resistivity to evaluate a wide-open resistivity zone illuminating its correlation with gold mineralization to the north. As a result, most of the 2021-2022 drill holes did encounter significant thicknesses of low-grade-oxide gold distributed over an area of 800+ meters by 350+ meters with thicknesses of 100-150 meters or more (see figures 2-5). Most 2021-2022 holes bottomed in gold mineralization. While drilling was depth-limited by ongoing equipment breakdowns, labor challenges and ground water, the results were highly encouraging.

The Company reports that Slumber has now been demonstrated to host a low-grade bulk-tonnage, oxide gold system, which remains open in multiple directions. Drilling remains very widely-spaced over this large area, with reasonable expectations of locating structural and lithologically favorable zones of stronger grades.

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Figure 2 - Rock types at Slumber (Trf and Trx are the main host rocks for gold while Tra and Pz are mostly barren).

"NV Gold has successfully delineated a substantial near-surface, oxide-gold mineralized gold system on its Slumber property in Humboldt County, Nevada. The gold zone is very homogenous and continuous, and preliminary AuCN tests returned potentially high gold recoveries. The gold system remains open in multiple directions and at depth. The northern part of the Property and most of the southern part remain untested. However, having mostly gold values of around 0.2 g/t Au compels NV Gold to test for better grades and thicker intercepts. Recently received assays of up to 1.5 g/t Au in SL-27 are indicators that higher grades can be present in the area. More fieldwork and results from the undertaken Mercury-vapor and biochemistry surveys will assist pinpointing higher-grade structures with the goal of enhancing Slumber to economic grade levels. The property now appears to have good potential for a +million-ounce target. While the grades encountered so far are sub-economic at current conditions, the drill-spacing is wide and good upside remains for more favorable zones of structural preparation or favorable lithologies",stated Thomas Klein, VP Exploration, NV Gold.

To view the full sized image, please click here

Table 1 - Slumber 2019-2022 significant drill intercepts.

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Figure 3 - Drill hole locations with gold intercepts (Au >100 ppb) and cross-sections.

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Figure 4 - Cross-section A-A' with gold intercepts (Au >100 ppb) on interpreted geology

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Figure 5 - Cross-section B-B' with gold intercepts (Au >100 ppb) on interpreted geology.

NV Gold CEO, John Watson commented - "These encouraging results have extended our understanding of this large, oxide gold system, elevating our expectations for an ultimate economic discovery. Oxide gold discoveries have been rare in Nevada over the past 15+ years despite intensive exploration efforts by many companies. Slumber remained undiscovered primarily because of its setting, largely obscured by recent sediments and volcanics. Its lateral and vertical extent remains open and compelling. The sheer size of the mineralized system is important, given the implications of a large, new, gold system in a relatively unexplored part of Nevada. The next program at Slumber will be a modest core program, designed to twin and deepen two of our existing reverse circulation holes. The goal is to further extend the mineralization and identify any potential RC sampling loss of values. We look forward to the next phases for Slumber, looking to extend the system both laterally and at depth. As drill density adds understanding, we can target zones of higher grades, such as demonstrated in hole SL-27."

Damir Cukor, P.Geo. is a Qualified Person pursuant to National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.

On behalf of the Board of Directors,

John E. Watson President & CEO

For further information, visit the Company's website at www.nvgoldcorp.com or contact:

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company's planned exploration activities, the interpretation of the resistive blanket as having come from higher grade feeder structures and a continuation of the gold system identified in the UVP, the appearance that previous drilling only peripherally intercepted the southwestern edges of two much larger, potentially mineralized resistor zones, the interpretations of the mapping exercise and the dimensions of the strike length and width are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, the lack of continuity of mineralization, the extent to which mineralized structures extend on to the Company's Projects and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

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NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") The Company announced today an update on its Slumber project in Nevada, USA

Slumber Gold Project, Humboldt County, Nevada

Our Q4/Q1-2021/22 reverse circulation drill program at Slumber has been completed. Twelve (12) reverse circulation drill holes totaling approximately 2,350 meters (7,710 feet) have been drilled and sampled. Results have been reported for the first five holes and the remaining seven holes are being submitted for assay. These final holes encountered longer thicknesses of silicified, oxide mineralization, distributed over an area in excess of 900 meters by 500+ meters, with drill-site RC chip logging having recorded thicknesses of 100-150 meters or more of mineralized material. The last two (deepest) holes revealed mineralization to depths of nearly 300 meters. The Company reports that Slumber has now been demonstrated to host a low-grade bulk-tonnage, oxide gold system, which remains open in multiple directions. Drilling is still very wide-spaced over this large area, with reasonable expectations of structural and stratigraphically favorable zones of higher grades yet to be encountered.

"I am very pleased that the "Low-Resistivity Model" has confirmed that alteration and related gold mineralization correlate extremely well with the low resistivity zones. All the reverse circulation holes drilled into the easternlow-resistivity extension have intercepted the same type of silicification and oxidation, suggesting that width of the Slumber gold system now appears to exceed half a kilometer (see Figures 1 & 2). NV Gold is also conducting a mercury-vapor survey which will be supported by additional biochemistry sampling to assist in locating potential higher-grade feeder structures." commented Thomas Klein VP Exploration NV Gold.

The Company plans further work at Slumber to include both reverse-circulation and diamond core drilling. A Plan of Operations is envisaged to allow for the larger program.

John Watson, President and CEO of NV Gold added "This years' work at Slumber continues to enlarge the dimensions of a new oxide gold system in Nevada. Our goal is the discovery of a million+ ounce gold deposit, building upon the current program's success. We believe that Slumber shows excellent potential to achieve this goal. As we have stated previously, we feel that there is great potential for new discoveries in Nevada for those willing to take the risks to explore obscured or covered areas of interest."

Figure 1 - Grade by Thickness (GxT) map showing recently discovered zone of low-grade oxide gold mineralization.

Figure 2 - Induced Polarization Line L4569000 showing correlation of gold mineralization with Low-Resistivity

Damir Cukor, P.Geo. is a Qualified Person pursuant to National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.

NV Gold (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) is a gold exploration company with ~80 million shares issued, with no debt. The Company is based in Vancouver, British Columbia, and Reno, Nevada and is focused on delivering value through mineral discoveries in Nevada, USA. Leveraging its expansive property portfolio, its highly experienced in-house technical team, and its extensive geological data library, 2022 promises to be highly productive for NV Gold.

On behalf of the Board of Directors,

John E. Watson, President & CEO

For further information, visit the Company's website at www.nvgoldcorp.com

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company's planned exploration activities, that the Company's expectations of encountering structural and stratigraphically favorable zones of higher grades are reasonable, that the drilling suggests the width of the Slumber gold system appears to exceed half a kilometer and that there is excellent potential to discover a million+ ounce gold deposit at Slumber are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, the lack of continuity of mineralization, the extent to which mineralized structures extend on to the Company's Projects and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

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NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") The Company announced today an update on its active projects in Nevada, USA

Slumber Gold Project, Humboldt County, Nevada

Our Q4/Q1-2021/22 drill program at Slumber has currently completed ten reverse circulation drill holes totaling approximately 2012 meters. Two RC and two core holes remain to be drilled during the current program. Results have been received for the first five holes and are summarized in the table below (see Table 1). These holes have encountered significant thicknesses of low-grade oxide gold mineralization, distributed over an area over 800+ meters by 300+ meters with thicknesses in excess of 100-150 meters. Most the holes bottomed in gold mineralization, depth-limited by ongoing equipment challenges and ground water. Slumber is now demonstrated to be a significant low-grade gold system, open in all directions, especially down-dip. Importantly, the current drilling program has confirmed the low-resistor zones from our CSAMT work are indeed mineralized (Refer to press release on Sept. 7th, 2021). These low-resistor zones reflect hydrothermally brecciated and intensely silicifiedvolcanics with consistent gold values (see Figure 3). As reported previously, the Slumber mineralization is largely obscured by recent gravels, making surface sampling and mapping largely ineffective. Consequently, NVX has recently completed an IP/Resistivity and is undertaking Mercury-vapor and biochemistry surveys over the target area to assist in further target definition (stated Thomas Klein, VP Exploration, NV Gold).

The Company has also performed a preliminary cyanide solubility test on ten, widely distributed drill intervals with very encouraging results demonstrating high initial recoveries (+95%).

The balance of this drill campaign is now focused on testing the deeper parts of the Slumber system, further examining areas illuminated by the recent IP/Resistivity work.

John Watson, CEO of NV Gold commented "The successful work completed so far at Slumber has been technically challenging, with winter conditions, personnel constraints, water inflow challenges and slow lab results. Despite this, these results have confirmed the presence of a new, significant, oxide gold system in an unexplored area of Nevada. The gold zone remains open in almost all dimensions and has potential for higher grades at depth and within structurally-prepared zones being identified by geophysics and shallow drill intercepts. The project is now considered to be in the early-stages of a discovery. We appreciate our investors' patience during our exciting work at Slumber."

The current drilling further confirms the correlation of the alteration and mineralization to the low resistor zone identified by last year's CSAMT work. While this alteration appears promising for gold mineralization, values are expected to remain in the lower range as we continue to improve our definition of the gold system and sharpen the subsequent targeting of feeder zones. Further results from this program are expected to be received in late March or early April, again depending upon laboratory constraints related to COVID and staffing.

Figure 1 - Grade by Thickness (GxT) map showing recently discovered zone of low-grade oxide gold mineralization.

Figure 2 - Current western extension drilling at Slumber.

Figure 3 - Mineralized hydrothermal breccia from Low-Resistor zone.

Table 1 - Slumber 2019-2022 significant gold intercepts.

The Company continues its focus on Nevada and the Great Basin, one of the largest and most productive gold provinces in the world. On a regional-scale, Nevada is thought by many to be a thoroughly explored gold province. Much of the near surface gold that has been found over the past 40 years has already been mined or is being mined today. To find significant new deposits, the successful explorer needs to employ modern, more sensitive sampling and interpretive techniques and a willingness to take risks with the drill. The breadth of experience of our staff and advisors gives us our advantage. Over 50% of Nevada is covered by recent basin sediments or volcanic cover, which often obscures the classic, visible expressions of mineralization. These covered areas are composed of the same rocks with the same temporal placement as the gold deposits found in the nearby ranges. There is a strong likelihood that other, similar-sized deposits await discovery! Significant discovery potential continues to remain in one of the pre-eminent gold provinces on Earth. The Company has a strong property position with over 20 projects, ranging from Greenfields to advanced "pre-discovery". Our property portfolio covers a number of geologic environments at varying levels of advancement. Holding costs for most of these properties are minimal, particularly those that are held as joint venture or lease-out possibilities.

It is our plan to drill 4-6 projects in the 12-18-month time horizon, providing a good news flow and multiple opportunities for success. We look forward to a productive and successful exploration season ahead.

Damir Cukor, P.Geo. is a Qualified Person pursuant to National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.

NV Gold (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) is a well-financed exploration company with ~80 million shares issued, a solid treasury and no debt. The Company is based in Vancouver, British Columbia, and Reno, Nevada and is focused on delivering value through mineral discoveries in Nevada, USA. Leveraging its expansive property portfolio, its highly experienced in-house technical team, and its extensive geological data library, 2022 promises to be highly productive for NV Gold.

On behalf of the Board of Directors,

John E. Watson, President & CEO

For further information, visit the Company's website at www.nvgoldcorp.com or contact:

This news release includes certain forward-looking statements or information. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, The Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

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ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") announced that it has made an application to the TSX Venture Exchange (the "TSXV") to amend the terms of an aggregate of 19,219,733 outstanding share purchase warrants (the "Warrants"), which were issued in connection with a non-brokered private placement (the "Offering") (see ALX news releases dated October 2, 2020 and October 20, 2020).

The Company is seeking to extend the term of the Warrants for an additional year. Warrants issued in the first tranche of the Offering would be extended to October 2, 2023, and the Warrants issued in the second tranche of the Offering would be extended to October 20, 2023. The exercise price of the Warrants will remain unchanged, at $0.10 per Warrant.

The application to extend the expiry date of the Warrants is subject to acceptance by the TSXV.

ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol "AL", on the Frankfurt Stock Exchange under the symbol "6LLN" and in the United States OTC market under the symbol "ALXEF".

ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include uranium, lithium, nickel-copper-cobalt and gold projects. The Company uses the latest exploration technologies and holds interests in over 220,000 hectares of prospective lands in Saskatchewan, a stable Canadian jurisdiction that hosts the highest-grade uranium mines in the world, a producing gold mine, and production from base metals mines, both current and historical.

ALX's uranium holdings in northern Saskatchewan include 100% interests in the Gibbons Creek Uranium Project,the Sabre Uranium Project and the Javelin and McKenzie Lake Uranium Projects, a 40% interest in the Black Lake Uranium Project (a joint venture with Uranium Energy Corporation and Orano Canada Inc.), and a 20% interest in the Hook-Carter Uranium Project, located within the uranium-rich Patterson Lake Corridor with Denison Mines Corp. (80% interest) as operator of exploration since 2016.

ALX owns 100% interests in four lithium exploration properties staked in September 2022 collectively known as the Hydra Lithium Project, located in the James Bay region of northern Quebec, Canada.

ALX also owns 100% interests in the Firebird Nickel Project (now under option to Rio Tinto Exploration Canada Inc., who can earn up to an 80% interest), the Flying VeeNickel/Gold and Sceptre Gold projects, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. ALX owns, or can earn, up to 100% interests in the Electra Nickel Project and the Cannon Copper Project located in historic mining districts of Ontario, Canada, the Vixen Gold Project (now under option to First Mining Gold Corp., who can earn up to a 100% interest in two stages), and in the Draco VMS Project in Norway.

For more information about the Company, please visit the ALX corporate website at www.alxresources.com or contact Roger Leschuk, Manager, Corporate Communications at: PH: 604.629.0293 or Toll-Free: 866.629.8368, or by email: rleschuk@alxresources.com.

On Behalf of the Board of Directors of ALX Resources Corp.

Warren Stanyer, CEO and Chairman

Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include: the application for an extension to the expiry time for certain common share purchase warrants. It is important to note that the Company's actual business outcomes could differ materially from those in such forward-looking statements. Risks and uncertainties for the Company include that ALX may not be able to fully finance exploration on our exploration projects, including drilling; our initial findings at our exploration projects may prove to be unworthy of further expenditures; commodity prices may not support further exploration expenditures; exploration programs may be delayed or changed due to any delays experienced in consultation and engagement activities with First Nations and Metis communities and the results of such consultations;and economic, competitive, governmental, societal, public health, environmental and technological factors may affect the Company's operations, markets, products and share price. Even if we explore and develop our projects, and even if uranium, lithium, nickel, copper, gold or other metals or minerals are discovered in quantity, ALX's projects may not be commercially viable. Additional risk factors are discussed in the Company's Management Discussion and Analysis for the Six Months Ended June 30, 2022, which is available under the Company's SEDAR profile at www.sedar.com. Except as required by law, we will not update these forward-looking statement risk factors.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137497

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GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) ("GoldHaven" or the "Company") announces that it has prioritized a follow-up campaign including soil grid extensions at newly identified target areas as well as prospecting and mapping of extensive newly acquired contiguous land positions in the belt. Given preliminary results from its summer work program at Smoke Mountain, VTEM and LiDAR airborne surveys for the newly staked ground have also been scheduled for completion in October 2022 .

GoldHaven CEO, Justin Canivet commented "Our exploration results at Smoke Mountain this summer have prompted a high priority follow-up field program . The objective of the campaign is to obtain geologically-based vectors to porphyry and epithermal targets on this highly prospective and exciting property . Lab results and airborne survey interpretation from our summer program are expected in the coming weeks and we look forward to further leveraging these data and adding shareholder value."

GoldHaven has re-engaged Dahrouge Geological Consulting Ltd . to complete a comprehensive follow-up exploration program at Smoke Mountain. This program is focused on extending soil sampling grids at priority target areas defined in the recently completed 2022 summer program. Furthermore, the field work will focus on p rospecting and mapping newly staked contiguous land positions . Detailed geological mapping, along with the soil geochemical work will improve the interpretation of the geophysical datasets and constrain target locations.

GoldHaven has engaged Geotech Ltd. to conduct Helicopter-Borne VTEM TM and Magnetic Geophysical Surveys for the purpose of investigating the mineral potential over the extensive contiguous land position at Smoke Mountain. The proposed survey is approximately 721 line-kms over 1 block with a planned start date of late October . The survey will take 5-7 days to complete with the intention of targeting intermediate sulfidation polymetallic vein systems.

GoldHaven will be benefiting from Geotech Ltd's Versatile Time-Domain Electromagnetic ( VTEM TM ) geophysical system, which is excellent at locating discrete conductive anomalies as well as mapping lateral and vertical variations in resistivity .

Full waveform recording will also be employed to achieve very clean early-time measurements to effectively resolve near surface structures . GoldHaven will benefit from Geotech's Concentric Transmitter - Receiver geometry, which ensures positive anomaly location and results in huge time and costs savings as there will be no need for ground follow-up. The technology has successfully been deployed globally for targeting work in epithermal precious metal districts.

GoldHaven management seeks to acquire a Multi-Year Area-Based Exploration Permit for drilling in Q2 2023 . The extensive geological, geochemical and geophysical campaigns from 2022 are yielding excellent preliminary porphyry and epithermal-style targets . GoldHaven is planning to carefully evaluate all of the obtained data during late 2022 and early 2023, with the objective of defining drill targets for testing going forward.

GoldHaven's Smoke Mountain land position was recently doubled from 4,190 hectares to 8,645 hectares based on promising preliminary results from geological, geochemical and geophysical surveys conducted during the 2022 Smoke Mountain summer exploration program. The resulting large, contiguous land position defines a commanding land position in an emerging BC porphyry-epithermal belt . Copper, gold, and silver mineralization is extensive in the region with several promising new discoveries and extensions to mineralization (see below).

GoldHaven's Smoke Mountain property is strategically situated within an extensive 85 kilometre polymetallic belt that is highly prospective for gold-silver-zinc epithermal systems, porphyry copper-gold deposits, as well as gold and silver-rich magmatic-hydrothermal occurrences . The property is road accessible from Houston via a series of gravel forest service roads off Highway 16.

Exploration activity in the area has been renewed in this historic mining region , propelled by the ongoing expansion of advanced exploration projects and mines including:

Note: the mines and advanced exploration and development projects in the Central BC porphyry-epithermal provide geologic context for the Smoke Mountain Property, but this is not necessarily indicative that the Smoke Mountain Property hosts similar grades or tonnages of mineralization.

The historic Central BC porphyry-epithermal belt is re-emerging as an important copper-gold-silver jurisdiction as evidenced by increased staking activity and exploration drilling. The region is quickly becoming known for its long mineralized drill intercepts including Universal Copper's 216m interval grading 0.54% CuEq ( click here for release) and has the potential to host some of the largest copper-polymetallic discoveries in British Columbia .

In recent news, Surge Copper expanded their Ootsa project by 96% to a total of 439Mt grading 0.32% CuEq ( click here for release) increasing their total mineralized inventory in the southern part of this belt to over 1 billion tonnes (measured and indicated).

These results in the immediate vicinity of GoldHaven's Smoke Mountain project showcase the exceptional regional endowment and metallogenic character of the Late Cretaceous arc rocks hosted within this belt. Among several emerging targets on the property, GoldHaven is working on a newly-identified 2.5km long untested and under-explored alteration and mineralization trend currently being examined by our field team at Smoke Mountain .

Note: The adjacent mines and advanced exploration and development projects in the Central BC porphyry-epithermal provide geologic context for the Smoke Mountain Property, but this is not necessarily indicative that the Smoke Mountain Property hosts similar grades or tonnages of mineralization.

Daniel MacNeil , P.Geo, a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has read and approved all technical and scientific information contained in this news release. Mr. MacNeil is Technical Advisor to GoldHaven Resources Corp.

GoldHaven Resources Corp. is a Canadian junior precious metals exploration Company focused on acquiring and exploring highly prospective land packages in both Canada and Chile . GoldHaven maintains a strategic presence in the gold and silver rich Maricunga Gold Belt of Northern Chile which is host to several mining and advanced exploration projects including Salares Norte (Gold Fields), Esperanza (Kingsgate Consolidated), La Coipa ( Kinross ), Cerro Maricunga ( Fenix Gold ), Lobo-Marte ( Kinross ), Volcan (Volcan), Refugio ( Kinross /Bema), Caspiche (Goldcorp/Barrick), and Cerro Casale (Goldcorp/Barrick). The Company has identified a total of 12 high-priority targets at its Alicia and Roma project areas in the Maricunga within a prominent regional NW-SE structural trend along strike from Gold Fields' Salares Norte deposit (5.2 million ounces of Gold 7) . These targets have been designated "High Priority" due to the extent, pervasive alteration, favourable geology, highly anomalous rock geochemical results, and their relative proximity to existing deposits. GoldHaven is also making exploration progress at its Smoke Mountain property ( Canada ) which is strategically located in the Central British Columbia Porphyry-Epithermal Belt in close proximity to Surge Copper's Berg project, as well as its Pat's Pond project in Newfoundland's Central Newfoundland Gold Belt ( Canada ). Pat's Pond is strategically located less than 20km from Marathon Gold's 3.14 Moz 8 Valentine Gold Project and on strike from the Boomerang/Domino VMS deposit. Pat's Pond is highly prospective for gold, copper, silver and zinc and has large scale discovery potential. GoldHaven engages proactively with local and Indigenous rightsholders and seeks to develop relationships and agreements that are mutually beneficial to all stakeholders.

Note: The deposits/mines near GoldHaven's properties provide geologic context, but this is not necessarily indicative that GoldHaven properties host similar grades or tonnages of mineralization.

On Behalf of the Board of Directors

Justin Canivet , CFA Chief Executive Officer

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE- Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

1 Giroux, G.H., 2012. MINERAL RESOURCE UPDATE on The POPLAR DEPOSIT, OMINECA MINING DIVISION BRITISH COLUMBIA. Prepared for Lions Gate Metals Inc. Prepared by Giroux Consultants Ltd. Effective Date: March 30, 2012 https://www.universalcopper.com/UNV_Presentation_Web.pdf?a28db

2 Norton, C., Huang, J., and Lui, D., Updated Technical Report and Mineral Resource Estimate on the Berg Project, British Columbia. A NI 43-101 Technical Report prepared by Tetra Tech Canada Inc. EFFECTIVE DATE: MARCH 9, 2021; RELEASE DATE: MAY 3, 2021. https://surgecopper.com/site/assets/files/5735/updated_technical_report_mineral_resource_estimate_on_the_berg_ project-_bc.pdf

3 Christensen, K., Connaughton, G.R., and Ogryzlo, P., 2011. TECHNICAL REPORT ON THE MAIN ZONE OPTIMIZATION HUCKLEBERRY MINE OMINECA MINING DIVISION BRITISH COLUMBIA, CANADA. Prepared for Huckleberry Mines Ltd. and Imperial Metals Corporation November 22, 2011 The effective date of the exploration data is September 1, 2011, Amended May 11, 2016. https://www.imperialmetals.com/assets/docs/2016- hml-43-101-technical-report-on-the-main-zone-optimization.pdf

4 Burga D., Barry J., Grant D., Hutter J., Puritch E., Sutcliffe, R.H., and Wu, Y., 2019. INITIAL MINERAL RESOURCE ESTIMATE AND TECHNICAL REPORT ON THE NUMBER 3 VEIN, SILVER QUEEN PROPERTY, OMINECA MINING DIVISION, BRITISH COLUMBIA, CANADA. Prepared for NEW NADINA EXPLORATIONS LIMITED

NI 43-101 & 43-101F1 TECHNICAL REPORT by P&E Mining Consultants Inc. Effective Date: July 15, 2019 Signing Date: August 29, 2019. https://equitymetalscorporation.com/site/assets/files/3673/sq_ni43- 101_aug29_2019.pdf

5 https://sunsummitminerals.com/news/2021/sun-summit-drills-31-6-g-t-gold-over-4-0-metres-including-246-g-t- gold-over-0-5-metres-in-the-trench-zone-and-1-07-g-t-gold-over-109-metres-including-7-17-g-t-gold-over-5-2- metres-in-the-horseshoe-zo/

6 Diakow, L.J., and Drobe, J.R., 1989. The Geology and Mineral Occurrences in the North Newcombe Lake Map Sheet, NTS 093E/14. Open File Map 1989-1 British Columbia Ministry of Energy, Mines and Petroleum Resources Map.

7 Jamasmie, C., 2019. Gold Fields Salares Norte project in Chile granted environmental permit. December 18, 2019, 9:29am. Exploration Intelligence Latin America Gold Silver. https://www.mining.com/gold-fields-salares-norte-project-in-chile-granted-environmental-permit/

This news release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the intended use of the proceeds received from the Offering, the possible acquisition of the Projects, the Company's expectation that it will be successful in enacting its business plans, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "will", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "potential", "scheduled", or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that investor interest will be sufficient to close the Offering, and the receipt of any necessary regulatory or corporate approvals in connection with the Offering and the Assignment, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company's projects in a timely manner, the availability of financing on suitable terms for the exploration and development of the Company's projects and the Company's ability to comply with environmental, health and safety laws.

The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the inability of the Company to obtain the necessary financing required to conduct its business and affairs, as currently contemplated, the inability to close the Offering, the inability of the Company to enter into definitive agreements in respect of the Letters of Intent which are the subject of the Assignment, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of precious metals, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including by the Exchange, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company's latest interim Management's Discussion and Analysis and filed with certain securities commissions in Canada . All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.

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GCM Mining Corp. ("GCM Mining" or the "Company") (TSX: GCM, OTCQX: TPRFF) announced today that its Segovia Operations produced 18,852 ounces of gold in August 2022, up from 17,377 ounces of gold in August last year. This brings the total gold production for the first eight months of 2022 to 139,952 ounces, up from 133,891 ounces in the first eight months last year. Segovia's trailing 12-months' total gold production at the end of August 2022 was 212,450 ounces, up about 3% over 2021. The Company remains on track to meet its annual production guidance for 2022 of between 210,000 and 225,000 ounces of gold.

Benefitting from the completion of the expansion of capacity at its Maria Dama processing plant at Segovia in August 2022, GCM Mining processed a total of 57,073 tonnes in the month, representing a daily processing rate of 1,841 tpd, compared with 50,245 tonnes and 1,621 tpd in August 2021. Segovia's head grades averaged 11.3 g/t in August 2022 compared with 12.0 g/t in August last year. For the first eight months of 2022, a total of 401,394 tonnes (equivalent to 1,652 tpd) were processed at Segovia at an average head grade of 12.0 g/t compared with a total of 365,805 tonnes (equivalent to 1,505 tpd) at an average head grade of 12.7 g/t in the first eight months last year. Production activities in the Company's mines and in the small-scale mines in its Segovia mining title in July and August were impacted by a temporary shortage in the supply of detonators for explosives. The situation is beginning to normalize and this should benefit production through the balance of the year.

The Company also processed an average of 107 tpd of tailings in August 2022 at its polymetallic plant at Segovia resulting in the production of approximately 133 tonnes of zinc concentrate and approximately 106 tonnes of lead concentrate. Payable production from the concentrates in August 2022 is estimated to total approximately 124,000 pounds of zinc, 137,000 pounds of lead, 9,900 ounces of silver and 128 ounces of gold. Actual payable quantities are subject to change and will be finalized once the concentrates are shipped. To date, the Company has produced a total of approximately 926 tonnes of lead concentrate and 1,071 tonnes of zinc concentrate which have been stockpiled. Transportation of the first concentrates to port has commenced this week and the first shipment to the international offtake customer is expected to take place before the end of September.

GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at its Segovia Operations. Segovia produced 206,389 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining has equity interests in Aris Gold Corporation (~44%; TSX: ARIS; Colombia – Marmato, Soto Norte; Canada - Juby), Denarius Metals Corp. (~32%; TSX-V: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (~26%; TSX-V: WA: Nunavut – Meadowbank).

Additional information on GCM Mining can be found on its website at www.gcm-mining.com and by reviewing its profile on SEDAR at www.sedar.com .

Cautionary Statement on Forward-Looking Information:

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to its production and production guidance and other anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of GCM Mining to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 31, 2022 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and GCM Mining disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

For Further Information, Contact: Mike Davies Chief Financial Officer (416) 360-4653 investorrelations@gcm-mining.com

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Falcon Gold Corp. (TSXV:FG)(GR:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company") is pleased to announce that exploration has commenced at the Company's 100% owned Gander North Property, with initial results now available from its reconnaissance exploration program. The project commenced in late June, with initial prospecting and till sampling. Preliminary efforts have identified numerous evidence for quartz veins, including subcrop and float. Surface samples collected to date have been submitted for assay; and initial results have returned values of up to 885 ppb gold from sub cropping quartz veins, up to 0.15% copper, and up to 26.8 gpt silver from quartz float. Several samples have returned anomalous tungsten, and further analysis is required to confirm the content. Initial results for gold are presented in figure 1. Multiple geophysical targets were identified over the project area earlier this year through review of publicly available datasets, and these will be the focus of ongoing reconnaissance. Detailed work, including systematic sampling and geological mapping will commence this fall to better define targets in advance of drilling. Work permit applications have been submitted for the drill program, and approval is pending

Mr. Karim Rayani, Falcon's Chief Executive Officer, commented, "Excellent progress is being made at our Gander North project, preliminary results are more than just encouraging with surface samples as high as 885 ppb gold. We now have multiple geophysical targets to go after that have been identified - with the help of publicly available data sets, we have now submitted our drill plan application and are awaiting final approval for our inaugural drill campaign. This is an opportunistic time for Falcon, as we have set ourselves apart from our peers. We control a sizeable area of influence totaling 108,000 hectares when combining this with our JV partner Marvel Discovery at Baie Verte and Golden Brook the number jumps to 150,000 hectares making us one of the dominant players on the island. We look forward to reporting back on the remaining sample results with the drill permit news when received."

About the Gander North Property

The Gander North Property is comprised of 406 claims within two blocks covering 10,150 hectares, and is located in two blocks, one immediately south of Gander, Newfoundland (see figure 1), and the second block immediately east of the town. The property occurs within the Gander Zone and is proximal to the

Figure 1 - Initial results from 2022 sampling stations at the Gander North Property.

Dog Bay-Appleton-Grub fault system, a crustal scale zone that extends southwest from the north coast of Newfoundland for nearly 200km to Gander. Structural corridors in central Newfoundland have shown to be intimately associated with recent gold discoveries including New Found Gold's Queensway project located approximately 9km from Falcon's project, an area of considerable potential that made national headlines recently in an article by the Financial Post (https://financialpost.com/commodities/mining/eric-sprott-makes-his-biggest-bet-yet-on-what-he-believes-could-be-the-greatest-gold-discovery-in-the-history-of-canada).

Northeast trending structural lineaments first recognized by Gander Gold have returned spectacular results from soil geochemistry sampling surveys as evidenced with recent published results of 1432 parts per billion gold. These NW trending zones are interpreted to continue onto Falcon's Gander North Property. An interpretation of the regional magnetics show NNE trending, ophiolite bearing thrust faults are cross-cut by a series of brittle NE trending fault-fractures, which indicate a regional setting similar to the highly prospective eastern Exploits Subzone (see figure 2). Gold mineralization models along the Exploits Subzone are based on structural settings analogous to those reported for Fosterville in Victoria, Australia (https://exploitsdiscovery.com/projects/). Tungsten mineralization models indicate a common association with intrusion-related gold deposition that have a genetic association to felsic intrusions, particularly within cratonic margins or back-arc positions relative to continental margin arcs, or within continental collisional settings.

Reference Gander Gold: https://www.stockwatch.com/News/Item/Z-C!SASY-3181872/C/SASY

Greg Robinson, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company.

Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Falcon's flagship project, the Central Canada Gold Mine, is approximately 20km southeast of Agnico Eagle's Hammond Reef Gold Deposit which has currently estimated 3.32 million ounces of gold (123.5 million tonnes grading 0.84 g/t gold) mineral reserves, and 2.3 million ounces of measured and indicated mineral resources (133.4 million tonnes grading 0.54 g/t gold). The Hammond Reef gold property lies on the Hammond shear zone, which is a northeast-trending splay off the Quetico Fault Zone ("QFZ") and may be the control for the gold deposit. The Central Gold property lies on a similar major northeast-trending splay of the QFZ.

The Company holds 14 additional projects: The Esperanza Gold/Silver/Copper mineral concessions located in La Rioja Province, Argentina, The Viernes Gold/Silver/Copper project in Antofagasta Chile, The Springpole West Property in the world-renowned Red Lake mining camp; a 49% interest in the Burton Gold property with Iamgold near Sudbury Ontario; and in B.C., the Spitfire-Sunny Boy, Gaspard Gold claims; and most recently the Great Burnt, Hope Brook, and Baie Verte acquisitions adjacent to First Mining, Matador, Benton-Sokoman's JV, and Marvel Discovery in Central Newfoundland.

Karim Rayani Chief Executive Officer, Director

Telephone: (604) 716-0551 Email: k@r7.capital

Cautionary Language and Forward-Looking Statements

This news release may contain forward looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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First Tellurium Corp. (CSE: FTEL OTC FSTTF ) (the "Company" or "First Tellurium"), reports that the US Department of Energy (DOE) has launched the Cadmium Telluride Accelerator Consortium a $20 million initiative designed to make cadmium telluride (CdTe) solar cells less expensive and more efficient. The Consortium's intent is to spur technological advancements in CdTe manufacturing to help increase America's competitiveness, bolster domestic innovation and advance clean electricity deployment. The initiative augments President Biden's goal of achieving a net-zero economy by 2050.

"This news further supports our efforts to expand and develop the tellurium resource at the Deer Horn Project," said First Tellurium President and CEO Tyrone Docherty. "The demand for tellurium continues to increase, not only for solar cells, but for new battery technology and other applications. Currently the United States imports 95% of its required tellurium."

First Tellurium's Deer Horn Property, located in west-central British Columbia, hosts one of the world's only silver-gold-tellurium properties with an NI 43-101 compliant tellurium resource. The Company is also exploring the Klondike tellurium-gold property in Colorado, a high-grade tellurium prospect held previously by First Solar, Inc., one of the world's largest solar panel producers.

According to 360 Research, the CdTe solar cell market is expected to exceed $10 billion in 2027, more than double the roughly $4 billion in CdTe cells installed in 2021. The United States Geological Survey (USGS) estimates that roughly 40% of tellurium consumed in the U.S. during 2021 went to production of CdTe solar cells.

CdTe solar cells, made from cadmium and tellurium, were first developed in the United States. Today they make up about 20% of the market for solar modules. They offer the lowest cost-per-watt technology , have the shortest energy payback time and are the least carbon intensive in production.

"Major cadmium-telluride manufacturers, and in particular First Solar Inc., will need new amounts of tellurium to meet market needs," said Docherty. "According to the USGS, First Solar already consumes roughly 30% of the world's tellurium production."

First Solar, Inc. (Nasdaq: FSLR), broke ground in August 2021 on its third and largest CdTe solar cell manufacturing facility, located in Ohio.

The new 3.3 gigawatt (GW)DC plant, scheduled to open mid-2023, represents a $680 million investment. When fully operational, the facility is expected to scale the company's Ohio manufacturing footprint to a total annual capacity of 6 GWDC, which is expected make it the largest fully vertically integrated solar manufacturing complex outside China.

First Solar also intends to build its fourth domestic factory, with an annual capacity of 3.5 GWDC, in the US Southeast. The company expects to invest up to $1 billion in the new factory, which, contingent upon permitting and pending approval of various federal, state, regional, and local incentives, is expected to commence operations in 2025.

A December, 2021 report by S&P Global Market Intelligence noted: "First Solar's plan to spend $1.36 billion to help increase module capacity to 16 GW by 2024 seems certain to strain the tellurium market. If the company achieves its goals, its annual demand for the mineral will exceed last year's estimated global production by up to 70%, according to data from a November report by researchers at the Institute of Environmental Science and Technology at the Autonomous University of Barcelona."

Seeing the growing need for domestic supplies of tellurium, Rio Tinto invested approximately $2.9 million to build a plant capable of recovering roughly 20 metric tons of this semiconductive metalloid as a byproduct of the copper produced at its Kennecott Mine in Utah. First Solar has committed to purchasing all the tellurium produced at Kennecott.

"There are so many factors aligning for a robust tellurium market going forward," said Docherty. "With the U.S. pushing heavily to expand North American supply chains, we're positioning First Tellurium strategically to help meet that growing demand."

Presenting at the NAI 500 Resource Conference First Tellurium also reports that it will be presenting at the NAI 500 GCFF Global Resource Investment Conference , September 24th, 2022 at the Richmond Sheraton Hotel. GCFF is pleased to announce the return to in-person attendance for the first time since the pandemic.

FTEL's New Website, Presentation and Video We are also excited to announce the launch of our new website , where you'll find information about our company and properties. In addition, we have also released a new animated pitch deck, which you can find here . This presentation provides an overview of our business and future opportunities. Finally, we have also released a new explainer video, which you can find here . This video dives into the details of our properties and how they can benefit First Tellurium Investors.

Ab out First Tellurium Corp. First Tellurium's unique business model is to generate revenue and value through mineral discovery, project development, project generation and cooperative access to untapped mineral regions in Indigenous territory with sustainable exploration.

Our polymetallic (tellurium, gold, silver copper, tungsten) Deer Horn Project in British Columbia and Klondike tellurium-gold property in Colorado anchor a diversified search for metals, working in alliance with Indigenous peoples, NGOs, governments and leading metals buyers. This is the future of mineral exploration: generating revenue by exploring responsibly and leveraging diverse partnerships.

First Tellurium proudly adheres to and supports the principles and rights set out in the United Nations Declaration on the Rights of Indigenous Peoples and in particular the fundamental proposition of free, prior and informed consent.

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.

Forward-looking information All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated event .

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Edgemont Gold Corp. (CSE: EDGM) (FSE: EG8) ("Edgemont") is pleased to announce the assay results from its recent Phase II drill program at the Dungate copper-gold porphyry project, where a total of five holes totaling 2063 metres were drilled in the spring of 2022. Dungate is located 6 km south of the town of Houston in the Omineca Mining Division of B.C.

Highlights from this drilling include:

In addition, additional assaying of Hole 2021-04, drilled in 2021, returned an interval of 55 m @ 0.20 g/t Au (previously reported as 27m @ 0.24 g/t Au).

The target for this drill program was following up on structurally controlled gold zones discovered in the 2021 Phase 1 drill program (see March 28, 2022 news release). These zones were associated with coincident magnetic and IP anomalies within and proximal to a highly altered and sulphide mineralized quartz feldspar porphyry ("QFP") intrusion. QFP was intersected in 4 holes of this Phase 2 program, with hole DG22-08 intersecting a 279 meter zone (261m - 540m) of complete quartz flooded replacement of what is interpreted as intermediate volcanics. Unfortunately, this quartz zone was not mineralized. A map of the drill holes completed at Dungate can be accessed below.

2022 Drill Hole Location Map To view an enhanced version of this map, please visit: https://images.newsfilecorp.com/files/6955/137195_de76900f14802abc_002full.jpg

Gold mineralization was encountered both in the host volcanics adjacent to the QFP and within the QFP intrusive which generally had 2-10% sulphides occurring as disseminations, replacements, fracture fillings, veins, and as breccias. The surrounding volcanic host rock to the intrusion was also variably altered, presumably by the proximity to the QFP intrusive.

Broad anomalous copper and molybdenum intervals were intersected in the heart of the QFP indicating pervasive mineralization, but with no higher grade concentrations (>0.20% Cu) encountered.

Significant drill results are as follows (In general - Gold zones >0.10 g/t Au with anomalous Silver, Copper and Molybdenum):

1 DG21-04 intersection previously reported as 27m @ 0.24 g/t Au (NR March 28, 2022)

Drill results from 2022 have confirmed the structurally controlled gold mineralization indicated in the 2021 program with gold deposition on the periphery of the QFP and into the adjacent volcanic host rocks. In the opinion of Edgemont management, economic intersections of gold have not yet been encountered. Due to the wide spacing of the current drilling it is unknown whether a higher concentration of gold exists lateral to the currently intersected zones. Edgemont continues to assess these latest drill results, along with prior data, and will provide an update on future exploration plans at Dungate in due course.

This news release reports the assay results from five (5) drill holes from which 871 core samples were assayed. The Company inserted certified standards and blanks into the sample stream as a check on laboratory Quality Control (QC). Drill core samples are cut by diamond saw at a core facilities in Houston, BC. A halved core sample is left in the core box. The other half core is sampled and transported by Gold Terra personnel in securely sealed bags to MSALabs in Terrace, BC for crushing and grinding, then transport to MSALabs analytical facility in Langley, BC. Ground and were subjected to 30g fire assay with AA finish (FAS-111) and Multi-element ICP-ES (ICP-130) Aqua Regia analysis (34 elements). MSALabs routinely inserts certified standards, blanks and pulp duplicates, and results of all QC samples are reported.

Because of the wide spacing of drill holes, the orientation of the mineralized zones reported here is not known, and Edgemont has not interpreted true thickness.

The technical information contained in this news release has been approved by Joseph Campbell, P. Geo, a Director of Edgemont, who is a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."

Edgemont is actively exploring the Dungate copper/gold porphyry project located just 6 km southeast of Houston, B.C., in a region with a history of successful mining projects including the Equity Silver Mine, Imperial Metals' Huckleberry Mine, and the more recent gold-silver discovery at Sun Summit Minerals' Buck Project which sits just 7 km to the south.

Dungate Location Map To view an enhanced version of this map, please visit: https://images.newsfilecorp.com/files/6955/137195_de76900f14802abc_003full.jpg

Having acquired an interest in its initial claims at Dungate in 2018, the Company now holds five mineral tenures covering 1,582.2 hectares that can be explored year-round by all-season roads. For more information, please visit our website at www.edgemontgold.com.

For further information, please contact: Stuart Rogers Chief Executive Officer Tel: (778) 239-3775 www.edgemontgold.com

Neither the Canadian Securities Exchange nor its Market Regulator (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain statements made and information contained in this news release constitute "forward-looking information" within the meaning of applicable securities legislation ("forward-looking information"). Generally, this forward-looking information can, but not always, be identified by use of forward-looking terminology such as "plans", "expects", "intends", "anticipates" or "believes", or variations of such words and phrases or statements that certain actions, events, conditions or results "will", "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotations thereof. All statements other than statements of historical fact may be forward-looking information. Forward-looking information is necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. In particular, this news release contains forward-looking information regarding risks inherent in exploration activities, including unforeseen delays due to circumstances beyond our control, including weather and other natural phenomena, and financial market and regulatory risks.

The forward-looking information contained in this news release is based on information available to the Company as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as the Company's actual results and future events could differ materially from those anticipated in this forward-looking information. Although the Company has attempted to identify important factors that would cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated or expected. All of the forward-looking information contained in this news release is qualified by these cautionary statements. Readers are cautioned not to place undue reliance on forward-looking information due to the inherent uncertainty thereof. Except as required under applicable securities legislation and regulations applicable to the Company, the Company does not intend, and does not assume any obligation, to update this forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137195

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