Juggernaut Exploration Ltd. announced results from the 2022 filed program on the Midas, Gold Standard and Gold Star properties. Eight (8) Bulk Leach Extractable Gold (BLEG) samples collected during the 2022 exploration program on Midas returned significant gold values from 24.31 ppb Au to 107.35 ppb Au within an area measuring 650 meters by 200 meters located immediately southeast of the Kokomo showing. The elevated concentration of high grade BLEG samples in this area coupled with multiple other lines of evidence confirmed to date strongly indicates the presence of an extensive buried gold source.

Surface sampling of outcrops over 1.1 km contain assays up to 0.80 gpt Au and 19.55 gpt Ag. The Surface sampling results indicate they are likely not the source of the high-grade extensive BLEG anomaly observed over 650 meters from multiple drainages. The results indicate a blind or buried gold mineralized source at depth of that has been covered by overburden (glacial debris and talus).

This hypothesis is further supported by the relatively shallow Induced Polarization (IP) chargeability and resistivity anomaly at depth that extends under the Kokomo showing for 120 meters by 150 meters and remains open to the South and East conducive for semi-massive to massive sulphides like those confirmed at surface on Kokomo (3D Inversion IP Model Map). Alteration zones extracted from recently acquired Worldview 3 satellite spectral data shows a strong silica, iron and phyllic alteration signature coinciding with the Kokomo showing and the area where high-grade BLEGs were collected, further indicating the presence of a mineralized VHMS system at depth (Midas - Alteration and BLEG). Additional compilation and interpretation of this year's results and results from previous exploration campaigns is ongoing focused on delineating drill targets.

(Midas Summary). The Midas property is located 24 km southeast of Terrace, British Columbia in close proximity to logging access roads, power, railway and major infrastructure. Kokomo is an Eskay-style VHMS showing that contains high-grade gold-silver polymetallic mineralization in semi-massive to massive sulphides (chalcopyrite, sphalerite and pyrite) where a 1 m chip sample assayed 9.343 gpt Au, 117 gpt Ag, 1.58 % Cu and 1.77 % Zn.

The showing is located in the headwaters of a drainage where a BLEG sample collected in 2021 assayed 29 ppb Au, 613 ppb Ag, 137 ppm Cu, 54.4 ppm Pb and 462 ppm Zn. The geology, geochemistry, alteration, and extensive underlying geophysical anomaly confirmed on the Midas property coupled with the high-grade polymetallic Au, Ag, Cu and Zn mineralization in semi-massive to massive sulphides seen in outcrop at Kokomo strongly indicates excellent potential for a buried Eskay-style VHMS discovery. Follow up 2022 drilling on the Gold Standard and Gold Star properties did not duplicate the grades and widths confirmed in 2021 drilling and or previous surface channel sampling.

Anomalous gold intervals characterized by high concentration of sulphides within shear-hosted massive quartz veins have been intercepted in drill holes from the 2022 season. Drill results from the Goldzilla vein returned anomalous gold with grades from background levels up to 2.01 gpt Au over 2.00 meter, including 1.37 gpt Au over 1.00 meters (GS-22-12), whereas drill samples from the Goldilocks vein returned grades from background levels up to 1.16 over 1.00 meters (GS-22-06). Additional detailed data compilation, interpretation and modeling is required to determine the extent and distribution of the gold mineralization on the Gold Standard and Gold Star properties and understand their remaining gold potential.

The Gold Standard and the Gold Star properties are original discoveries with no previous recorded work in the area and are located within a few kilometers of major infrastructure along the Central Coast of British Columbia. Both properties are situated in a key geologic setting along a regional scale and under-explored high-strain zone that contains a series of newly discovered gold mineralized shear-hosted quartz-chlorite-sulphide veins. Extensive regions of snow-pack abatement and glacial recession along the regional high-strain zone provide for large, recently exposed areas with excellent discovery potential.

The Gold Standard property comprises 7 known extensive veins up to 20 meters wide and 1,000 m long outcropping at surface. Of these veins, only a small section of the Kraken, Phoenix and Goldzilla veins has been drill tested to date leaving the majority of these veins untested. The Gold Star property comprises 2 veins up to 10 meters wide and 300 meters long, of which only one, namely the Goldilocks vein, has been drill tested to date.