Highlights:

• The Company has completed its ‘deep-dive’ analysis into all available geological and technical information gathered on the Bullseye claims, and subsequently prioritized approximately 2,500 m of NQ core drilling to commence in June-July.
• Highest-priority drilling will be in the immediate proximity of 2023’s exploration hole # BE-23-028 where several clusters of quartz veining were intersected over approximately 18 m of core.
• As previously reported in news release dated August 14, 2023, detailed core-logging and thorough sampling of these vein-sets generated several encouraging gold assays including:
  • 4.08 g/t Au over 1.60 m core-length (located at a vertical depth of approximately 75 m below surface) and
  • 14.59 g/t Au over 1.00 m core-length (at a vertical depth of approximately 186 m below surface).
• Exploits recently contracted DGI Geoscience to perform a down-hole televiewer program of 16 holes drilled at Bullseye. Initial interpretation was completed and their analysis of the in-situ bedrock features within BE-23-028 assisted with the design of our follow-up holes targeting this structurally-complex area that hosts multiple generations and orientations of mineralized veining.
• The Company’s VLF and magnetics ground geophysical surveys, combined with 2023’s high-resolution LiDAR mapping (airborne Light Diffraction and Ranging), indicate a complex network of second-order splay structures exist within Bullseye; several appear to align on-trend with NFG’s gold mineralization reported at Honeypot and Everest.
• A well-established local drilling-services company, Trust Drilling Inc., has been contracted to perform the NQ-diameter coring operations.

Jeff Swinoga, President and CEO, comments, “We are looking forward to an exciting summer with the announcement of our newest drill program and more programs that will be announced in the near term. In just the last few months, we have received all the 3D seismic data from NFG on our Bullseye gold property and engaged HiSeis (a reputable seismic survey data consultant) for its analysis. We have also utilized televiewer down-hole survey data and analysis with DGI Geoscience on key drill holes that assisted in the design of our new drill program announced today. More positive results continue to be announced by NFG in four gold zones sitting in close proximity to our Bullseye project borders. This current drill campaign will primarily focus on testing the gold intercepts at our drill hole 028 as well as along the network of second-order splay structures reported at NFG’s Honeypot and Everest.”