Etruscus Resources Corp. announced the completion of the Company's 2023 Phase One drill program at its Lewis Property in Newfoundland. The Property is road accessible and is situated 5 km south of the Trans-Canada Highway in the Gander Gold Belt, approximately 10 km west of New Found Gold's Keats Zone discovery.

The geological team is now working on data compilation and assay results are expected within the coming weeks. Drill Program Highlights: A total of 8 diamond drill holes were completed, totaling 969 m for the inaugural drill program on the Property;. First pass drilling tested multiple chargeability anomalies as well as north and northwest striking structures, with plans to follow up on the areas that return the best gold grades; The entire length of drill core has been sampled and is being analyzed by fire assay for gold with expected results within two weeks.

Multi-element analysis has also been initiated and will be returned later; and. A third payment relating to the option agreement on the Property has been confirmed with the vendors. Due to the successful completion of the Program, Etruscus' Board has decided to move forward with the next payment of the option agreement.

The Company has notified the vendors and confirmed payment will be made in the coming weeks. The Program was designed to test geophysical anomalies coincident with anomalous Au-As-Sb in soils and high-grade gold mineralization in surface rock samples. All holes utilized oriented core allowing the team to better understand the structural trends for targeting in future drill programs. Due to the early season Program, the company expects assay results will be returned promptly, and the Company looks forward to releasing them in the upcoming weeks.