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 from hole PC22-07 Include: Drilling in the FAD Main Zone: 12.5 meters of 22.0% zinc, 1.5% lead, 155.5 g/t silver and 1.06 g/t gold in hole PC22-07 from 660 – 672.5 metres depth, and; 44.8 meters of6.3% zinc, 3.7% lead, 231.6 g/t silver and 2.03 g/t gold from 705 to 749.8 m depth. FAD is a carbonate replacement deposit ("CRD") which essentially means that the deposit is comprised of base metals such as zinc, lead, and silver (plus or minus other metals such as copper).  CRD's typically contain little to no gold mineralization in the system. The CRD system at FAD is very unique given that it is located directly next to a big Carlin-system, resulting in what is believed to be a second mineralized event, accounting for the presence of gold in the deposit.  Drill hole PC22-07 includes thinner intercepts of much higher-grade gold, including 4.6 meters of 6.36 g/t Au and 3 meters of 8.33 g/t Au within the primary 44.8 metre intercept of 2.03 g/t Au.

Paycore owns 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. The Company is aggressively drilling the high-grade, polymetallic FAD Main Zone which was previously owned by Barrick Gold.  The near-surface target has had two drill holes completed since Paycore acquired the property. Assays are pending for the second hole.

 To date, all holes have intersected high-grade poly-metallic (Au, Ag, Pb, Zn) mineralization and demonstrate significant expansion potential.  Assay results from hole PC22-07 further confirms the high-grade nature of the FAD mineralization.  Hole PC22-07 was drilled in the South-East Lobe which is a 200 m step out from the historic Main FAD Zone resource, and which is proximal to the FAD Shaft. The FAD resource* was drilled underground by Hecla in the 1950's and 1960's.  The South-East Lobe is of high interest and could potentially expand the known mineralization in terms of size and potential grade. Historic drilling also indicates potential for additional mineralized horizons and down dip extensions of the Main FAD mineralized body.

The FAD Mineralization currently has a known 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 there are multiple drill intercepts which have not yet been tested and are underexplored. Drilling in the South-East Lobe has already proven the lateral extents to the FAD Main Zone to be over 400 m to the South-East, and up to 300 m wide.  Additionally, near-surface oxide mineralization was overlooked by previous operators.

It has the potential for widespread mineralization proximal to the historic high-grade underground mine that last operated more than 100 years ago. Paycore will also test the Jackson-Holly Fault in the upcoming drill program which is along strike of the new i-80 Gold discovery next door.  The Jackson Fault extends from i-80's property, through Paycore's Property and is underexplored and under drilled within the Complex. Paycore has completed over 10,264 metres of drilling to-date and announced assays for seven holes.  Assay results are pending for the remaining three holes and will be announced upon receipt and review.