Guskin Gold Corp. provided an update on the ongoing exploration activities on the Company's Kukuom Gold Project located in the Sefwi-Bibiani Gold Belt, one of the two most prolific gold belts in Ghana, Africa. Current activities focused on the advancement of the project include: A ground IP/resistivity and magnetic surveys conducted across the area of the “Open Pit” (Esikaso) Prospect and extending east and west and straddling the favorable contact zones of the metasedimentary package and metavolcanic units that host gold-bearing quartz vein systems was completed in the fourth quarter (Q4), 2022.

Detailed geological, structural, and regolith mapping programs are currently being carried out across the area of the “Open Pit” (Esikaso) Prospect and extending east and west of the favorable contact zones of the metasedimentary and metavolcanic units that host gold-quartz vein systems to be completed in the first quarter (Q1), 2023. The detailed surface geological, regolith, and structural mapping program, alongside a rock chip sampling program, which is near completion, has set the stage for the planned first pass RC drilling at the “Open Pit” (Esikaso) Prospect and the favorable contact zone areas: These detailed mapping programs have further constrained the rock units in the mapped area, generated a reliable regolith interpretation of the mapped area, and further enhanced the litho-structural understanding of the contact zone area; A comprehensive detailed geological and structural analysis of the mapped area would be integrated with the ground geophysics data and responses to constrain drill targets further and identify other targets; The detailed mapping continues to define additional targets, which will be prioritized for further assessment. In 2023, Guskin's exploration will focus on early-stage target definition programs at “Open Pit” (Esikaso) Prospect, the lithological contact zones, and the remarkably high magnetic anomalies.

Exploration continues and is directed at identifying, delineating, and assessing targets in the contact zone areas and the distinctly high magnetic signatures, which could be indicative of shear zones and are the primary targets to host gold-quartz vein systems. The planned exploration work will include the following: Modest, first pass RC drill program to be initiated in late March or early April, 2023; Initial RC drilling will target the “Open Pit” (Esikaso) Prospect; Strike extensions of the “Open Pit” (Esikaso) uncovered and further defined by the ground IP/resistivity and magnetic surveys data, will be drill-tested during this initial phase; Soil geochemical grids or deep sampling auger geochemistry grids over Targets 2 & 3 to confirm the extent of these two remarkably high magnetic anomalies; Deep auger sampling, up to a depth of 6m to constraint bedrock mineralization at other early-stage prospects. The Kukuom Gold Project Significance: The Kukuom Gold Project is a Joint Venture Partnership with Danampco Company whereby Guskin Gold is the exclusive operator with a seventy (70%) percent interest. The license area is 156 square kilometers and the Kukuom Gold Project is highly prospective, spatially related to major mines including Newmont's Ahafo Gold Mine (23Moz) located approximately 30km north of the Kukuom property, and Asante Gold's Chirano Gold Mine (5Moz) located approximately 45km south-southeast of Kukuom and their Bibiani Gold Mine (7Moz) located approximately 25km southeast.

Francis Lovebridge Agezo, Guskin Gold's Director of Exploration participated in the exploration, discovery, and development of Cluff's Ayanfuri Gold Mine and Red Back's Chirano Gold Mine in Ghana. Played a key role in Redback's expansion in Ghana before its takeover by the Lundin Group and later Kinross. Notably on April 25th, 2022, Kinross Gold Corp.

(KGC) announced the sale of the Chirano Gold Mine for $225 Million to Canadian Asante Gold (ASE); Asante having previously acquired the Bibiani Gold Mine for $90 Million from Australian Resolute Mining (RSG) in August 2021.