Paycore Minerals Inc. announced exploration drilling results from the Company's 100%-owned FAD Property located on the Battle Mountain-Eureka Gold Belt in Nevada, USA. Drill Highlights Include: The first hole drilled to test for near-surface mineralization intersected multiple mineralized horizons over the first 110.6 metres of the hole including: 4.5 g/t AuEq over 28.0m in hole PC22-02 comprised of 1.02 g/t Au, 25.7 g/t Ag, 4.3% Zn, 1% Pb and 0.09% Cu starting at 40 meters from surface; and 5.3 g/t AuEq* over 23.9m comprised of 2.3 g/t Au, 24.0 g/t Ag, 4.15% Zn, 0.4% Pb and 0.09% Cu starting at 86.7m from surface. Drilling in the FAD Main Zone returned: 13.0 g/t AuEq* over 36.6m in hole GH21-02 comprised of 5.1 g/t Au, 185.5 g/t Ag, 4.5 % Pb, and 6.0 % Zn.

Paycore has completed the acquisition of a 100% interest in the high-grade, polymetallic, FAD project located in one of the most prolific gold belts in the world, the Eureka gold district of Nevada. Overseen by an experienced board and management team that includes Jim Gowans (Non-executive Chairman), Christina McCarthy (President & C.E.O), Steve Filipovic (C.F.O. and Corporate Secretary) and John Begeman (Director), the Company intends to aggressively advance the delineation of mineral deposits on the FAD Project (which is situated immediately to the south of, and along strike from, I-80 Gold Corp.'s Ruby Hill Mine). Paycore is currently completing its Phase-1 drill program targeting two primary targets: high-grade polymetallic mineralization in the FAD Main Zone and near-surface oxide mineralization proximate to the historic Ruby Hill Mine workings, both with historical previous production.

Seven holes have been completed to-date with assay results having been received for the first four drill holes. Assays are pending for the remaining three holes and will be released upon receipt. Based on the historic data, the FAD deposit has a mineralized footprint of approximately 1.5 x 1.5 km and is open in multiple directions.

Outside of the core deposit area, little to no exploration has been completed and its extensions are largely untested. Additionally, near-surface oxide mineralization is a priority target that was overlooked by previous operators and has the potential for widespread mineralization proximal to the historic high-grade underground mine that last operated more than 100 years ago. Hole PC22-02 is the first hole drilled to test the near-surface opportunity at FAD.

In the 1950's, a shaft was sunk to a depth of approximately 700 metres to access the FAD deposit, with development work completed between 1956-58 including underground drilling. Since then, no modern- day drilling or exploration has been completed on the FAD Main Zone, until now. Holes GH21-01, GH21-02 and GH21-03 were the first three holes completed in the program.

Holes GH21- 01 and GH21-02 were drilled on the main FAD deposit and are approximately 150 and 200 meter step-outs to the southeast of the FAD Main Zone. Hole GH21-03 was drilled as a 40 m step-out to the southwest of the core of the main FAD deposit. All holes have intersected high-grade poly-metallic (Au, Ag, Pb, Zn) mineralization and demonstrate significant expansion potential.

Hole GH21-01 returned 3.5 meters grading 18.1 g/t AuEq; hole GH21-02 returned 36.6 meters grading 13.0 g/t AuEq including 7.6 meters of 21.6 g/t AuEq and hole GH21-03 returned 14.3 meters of 5.3 g/t AuEq. The phase one exploration program is near completion and will consist of approximately 3,900 metres of drilling. A phase-two program consisting of approximately 3,800 meters is expected to commence thereafter.