Engineer Gold Mines Ltd.reports it has staked 11,234 hectares in 8 new claim blocks contiguous to the south of the existing Wann River portion of the Engineer Gold Mine property, 35 km southwest of Atlin, British Columbia. The new claim blocks consolidate the Company's ground along the Llewellyn fault, now comprising 31,130 hectares, from the Tag drilled prospect in the north, through the historical Engineer Gold Mine, south through Wann River and now to Core Asset Corp.'s property. At Wann River a number of quartz-sulphide veins (Brown, Dutch, Trail, Float), quartz-sulphide stockwork (Lum) and sheeted vein and stockwork systems (Newfie, Morel), from centimetre to 80 cm wide, are exposed over an open 800m by 180m wide corridor.

Reported grab samples from exploration by Blind Creek Resources Ltd. ("Blind Creek") in 2010 returned values ranging from nil to 263 grams per tonne ("g/t") gold ("Au"), 1350 g/t ("Ag") from the Lum showing; from nil to 15.9 g/t Au, 440 g/t Ag from the Newfie vein; and from nil to 8.28 g/t Au and 424 g/t Ag from the Trail vein. Select samples of sulphide from quartz vein float yielded 32 g/t Au, 3010 g/t Ag. The Brown vein returned 8.6 g/t Au and 420 g/t Ag over 0.3m from a chip sample of the footwall side of the 0.9m wide vein zone.

In 2011, Blind Creek diamond drilled 3325m in 17 holes to test the Wann River veins and did intersect anomalous gold-silver intercepts, but the drill program was not adequately designed to intersect the overall southerly, and commonly steeply dipping, veins. The Float vein returned 5.62 g/t Au over an approximate true width of 0.5m in WR11-016 and 2.5 g/t Au and 22.8 g/t Ag over an approximate true width of 0.9m in WR11-014. A drill program was proposed following the Company's 2020 evaluation program to systematically test the depth and strike extensions of the veins.

Results from the 2020 program included: 17.4 g/t Au and 72.1 g/t Ag over 0.45m from the Dutch vein; 4.71 g/t Au, 95.6 g/t Ag over 0.6m and 2.81 g/t Au, 54.9 g/t Ag over 1.0m from the Newfie vein system; and 3.9 g/t Au and 579 g/t Ag over 0.8m from the Trail vein. The Wann River veins appear to be orogenic type with possibility of an intrusion related system associated with the Wann River stock at the Newfie, Morel and possibly the Lum showings. The Newfie sheeted vein system is hosted by the younger Wann River stock, dated as Early Cretaceous using zircons by MDRU for the Company in 2021.