Cassiar Gold Corp. announced assay results from the final three diamond drill holes of its 2021 drill program at the Taurus Deposit (‘Taurus') located in the Cassiar North area of the company's Cassiar Gold Property in northern British Columbia, Canada. Taurus is host to a near-surface, bulk-tonnage Inferred gold resource of one million ounces grading 1.43 g/t Au.

All three holes returned substantial intervals of gold mineralization from surface in the southwestern portion of the deposit, including a step-out drill hole located over 100 m from the resource model which significantly expands the deposit footprint and further indicates that mineralization is open to the south. Highlights: Drillhole 21TA-139, a step-out hole located 100 m south of the resource model, intersected 150.7 m of 0.65 g/t Au from 11.0 m downhole, including 5.6 m of 2.47 g/t Au and 9.3 m of 1.40 g/t Au. Drillhole 21TA-137 intersected 119.0 m of 0.72 g/t Au from 21.3 m downhole, including 4.8 m of 3.71 g/t Au.

Drillhole 21TA-138 returned 46.5 m of 1.12 g/t Au from 12.7 m downhole, including 0.69 m of 18.80 g/t Au. 2021 Cassiar North Drill Program at Taurus Deposit: Completed between early June and mid-August 2021, the Cassiar North Drill Program focused on the Taurus Deposit and consisted of 15 drill holes totaling 4,098 m targeting the 88 Hill, Gap, northwest, west and southwest areas of the deposit. The program was designed to define and confirm higher-grade mineralized areas where historical drilling was widely spaced (approximately 100 m apart), collect additional structural data for use in updated modeling work, and to test the potential for expansion of the deposit footprint.

All objectives were successfully achieved with most infill drill holes intersecting higher- than-resource-grade mineralization within the resource grade shell and expansionary drill holes confirming the potential for the resource to expand both laterally and at depth. The 2021 drill campaign in the southwestern portion of the Taurus resource was planned to confirm historic gold grades and mineralization shapes, investigate potential structural controls including the Taurus West fault, and providing oriented structural data for interpretation and modeling work that will be the foundation for the Company's 2022 exploration program. Results are discussed below: 21TA-137 was a north-directed drillhole that targeted a >100 m open area between historical drillholes along the Taurus West Fault.

The drillhole intersected 119.0 m of 0.72 g/t Au starting from 21.3 m downhole and included 4.8 m of 3.71 g/t Au. The distribution of gold mineralization both confirms and expands upon the 2019 resource model shape in this area. 21TA-138 was a north-directed drillhole designed to test a 90 m gap between historical drillholes along the Taurus West Fault.

Results returned 46.5 m of 1.12 g/t Au from 12.7 m downhole and included 0.7 m of 18.80 g/t Au. Multiple broad mineralized intercepts confirmed the continuity of mineralization within the resource shape and identified potential areas for expansion. 21TA-139 was a northwest-directed step-out drillhole intended to test mineralization along the north-trending Taurus West Fault corridor while also testing the east-west mineralization trend that is dominant in much of the Taurus deposit.

The hole was located 100 m south of the resource grade-shell and tested a 130 m gap between historical drillholes. The drillhole intersected 150.7 m of 0.65 g/t Au from 11.0 m downhole, successfully expanding mineralization to the south. 2021 full drill campaign and assay results update: The company concluded its full 2021 drill campaign covering both the Cassiar North and Cassiar South project areas on November 1, 2021.

A total of 11,289 m of drilling were completed in 34 drill holes during the program, including 4,098 m in 15 drill holes within or proximal to the Taurus Deposit at Cassiar North and 7,191 m in 19 holes targeting high-grade vein systems at Cassiar South. All assay results have now been received from 2021 drilling at Cassiar North and results remain pending for 13 holes at the Cassiar South project for the East Bain, Cusac, Hot, and Vollaug veins.