McFarlane Lake Mining Limited provided a further update on the progress made at the Company's High Lake property in Ontario, near the Ontario-Manitoba Border. To date, McFarlane has completed 42 holes totalling 9,217 metres and received assays for 21 holes. Drilling in hole MLM-22-17 has intersected 148.37 g/t gold over 1.3 metres from 113.20 to 114.50 as measured in drill core length from surface, including 538.00 g/t gold over 0.3 metres.

Visible gold was evident within this high-grade interval. This drill hole also includes a second intersection from 56.00 to 60.60 of 3.89 g/t gold over 4.6 metres. Hole MLHL-22-25, approximately 100 metres vertically below MLM-22-17, intersected 6.85 g/t gold over 2.97 metres, including 27.50 g/t gold over 0.60 metres.

The results of drilling to date are beginning to outline a mineralized zone defined by a steeply dipping en echelon vein system occurring within a broader structural zone at or about the contact between quartz- feldspar porphyry and mafic volcanics. The porphyry and mafics are often highly sheared and may display silicification or sericitization. The veins are typically quartz-tourmaline, with tourmaline occurring within and along the vein contacts.

The veins generally have low sulphide content, often mineralized with up to 1% pyrite, pyrrhotite and chalcopyrite, with occasional lesser sphalerite and arsenopyrite. Gold occurs within quartz-tourmaline veins and in the adjacent sheared and altered host lithologies.