Cassiar Gold Expands Mineralization At the Taurus Deposit Near-Surface and At Depth Intersecting 98.0M of 1.28 G/T Au and 70.7M of 0.76 G/T Au. These results confirm that the distribution of mineralization is consistent with the 2022 block model, both near the surface and at moderate depths, and that mineralization extends beyond the boundaries of the block model. Drill hole 22TA-165 (south-southwest oriented) was designed to test the area between the margin of the resource block model and the Taurus West Fault.

The drill hole was extended to evaluate the geology in the footwall of the Taurus West Fault. Drilling successfully expanded mineralization with grades above that of the resource estimate in an intercept of 21.1 m grading 1.00 g/t Au, which extends mineralization 15 m beyond the limits of the resource pit shell in the hangingwall of the Taurus West Fault. Drill holes in much of the Taurus West area remain widely spaced and there is future potential to further expand the resource base internal to the deposit area by infilling gaps in the block model where drill holes were too far apart to establish continuity, as is illustrated by drill hole 22TA-176.

Drill hole 22TA-154 (south-southwest oriented) was designed to evaluate the down-dip extension of a steeply dipping east-west mineralized trend near the Highway target and to test for an extension of the interpreted, steeply north-dipping Highway Fault intersected in 2021 drill holes in the Taurus Northwest area. The drill hole encountered a ductile shear/fault in altered basalt with minor quartz veining forming a discrete planar structure marking the boundary of gold and sulphide mineralization in the hangingwall along the interpreted Highway Fault. Results returned include: 11.4 m at 2.64 g/t Au from 201.3m downhole, including 4.3m at 3.82 g/t Au, extending mineralization 40m beyond the northern limits of the 2022 resource block model and 20m beyond.

This drill hole underscores the exploration potential along open extensions of mineralized northeast-trending structures outside the known footprint of the deposit. All three of these drill holes intersected mineralization at grades higher than the 0.5 g/t Au cutoff grade of the 2022 inferred mineral resource model, including: Drill hole 22TA-151 intersected 20.2 m at 0.62 g/t Au from 44.6m downhole. Drill hole 22TA-156 intersected 12.86 g/t Au over 2.6 m from 170.4 m drill depth, hosted by altered and pyrite-mineralized basalt with quartz veining and visible gold, just outside the northern limits of the resource model in an area of little previous drilling.

These results provide further validation of the continuity and expansion potential of mineralization within in the Company's 2022 resource estimate and highlight the extension of mineralization outside the pit shell. The Company identified a data entry error within a historical database where individual assay results relevant to the East Bain Extension target at Cassiar South were recorded as 'parts per million' (ppm) rather than 'parts per billion' (ppb) and a 0.8 m error in reported core length was noted for one record. Correct values from Drill hole C91-376 are 0.68 g/t Au from 171.5 m to 176.8 m; and 0.29 g/t Au from 190.8 m to 191.2 m. The Correct value from Drill hole C91-378 is 0.04 g/t Au from 99.9 m to 101.3 m. The Company has initiated a systematic validation program pertaining to historical data entry and has determined that unit errors were isolated.

This correction does not change any other information reported in the Press Release or impact any of the disclosure in the Company's filed NI 43-101 compliant mineral resource estimate for the Cassiar Gold Project.