Resolution Minerals Ltd. has received all outstanding (84%) gold assay results from the 2022 diamond drilling program at Tourmaline Ridge on the 64North Project in Alaska. The RML exploration team identified Tourmaline Ridge as prospective for hosting high-grade gold mineralisation and lies approximately 5km along strike from Northern Star's 12Moz (total endowment) Pogo Gold Mine and Goodpaster Deposit. Tourmaline Ridge was identified as a high priority drill target after a thorough re-interpretation of the geological and structural models for the area, which showed that surface gold mineralisation represented narrow, antithetic hanging wall veins directly above a dilational, northwest-dipping Pogo-style shear (ASX: RML Announcement 8/6/2022).

The five completed drill holes are the first holes oriented to intersect the northwest-dipping shear at Tourmaline Ridge and ranged in depth from approximately 270m to 650m for a total of 2,324m. The holes span a strike length of over 1.2km of the Tourmaline Ridge gold geochemical anomaly. They are considered a preliminary test of the geological and structural model and gold mineralisation potential of the prospect.

Next Steps The comprehensive Independent Geological Review of the 64North Project and surrounding Goodpaster geological district will be completed in early 2023. The outcomes of the review will be put into context with the latest drill results and geological learnings from the 2022 diamond drilling campaign, which will drive future drill targeting and the strategy for advancement of the 64North Project. The encouraging gold assay results presented are based on first-pass selective sampling of the drill core, an approach that significantly reduces overall program costs.

Given the encouragement from the selective results, the technical team will reassess the drill core for non-sampled zones, which warrant assay, based on the observed gold mineralisation trends. Technical Discussion: After completion of logging, RML's geologists noted significant variability in alteration and sulphide content between 22TR001, which is proximal to the Aurora Creek Fault (trending WNW-ESE), and holes 22TR002 - 22TR005 located some 850m to 1.2km along strike further to the south-west. The results have been found to follow a similar trend in the distribution of gold mineralisation, with 22TR002 through to 22TR005 hosting significantly higher grades than 22TR001.

Geologists observed precise structural control on mineralisation in these holes, with the highest grades coinciding with healed breccias and both dismembered and erratic quartz veins. Mineralised quartz veins occurred as both flat-lying (shear hosted) and high-angled (antithetic) as predicted by the geological model. Significant gold results were associated with distinctive trends across the five drill holes: 22TR005 - Best gold grades were associated with intensely brecciated, yellow-brown granite gneiss with common high angle, 2-5cm wide pink to grey quartz/limonite/tourmaline veins (high- angle, antithetic veins).

Common large, disseminated pits after sulphides occurred around 96m. Best intersection: 1.0m @ 6.7g/t Au from 93m; 22TR004 - At 184 metres the gold mineralisation corresponded with several white, 10cm quartz/calcite/tourmaline (possibly epithermal?) veins which cut, strongly carbonate/sericite/tourmaline altered granite gneiss. Approximately 60m deeper in the hole, gold was associated with white to grey, erratic quartz/tourmaline/pyrite/arsenopyrite (Pogo-style) veins in the zone of very strong chlorite/sericite/carbonate alteration.

Best intersection: 1.1m @ 0.8g/t Au from 183.5m; 22TR003 - At 413 metres the highest gold grades corresponded with a fault breccia of altered granite gneiss with a sulphide/quartz matrix and very common stibnite and/or bismuthinite. Breccia clasts were ‘rounded' and diffuse. Other intervals which exceed 0.5g/t Au were associated with stibnite and/or bismuthinite along fractures and brecciated calcite/quartz/pyrite veins.

Best intersection: 0.9m @ 2.5g/t Au from 413m, including 0.4m @ 4.6g/t Au from 413.45m; 22TR002 - Numerous gold intersections are associated with low-angle chlorite/calcite/sulphide veinlets, dismembered quartz veins and healed breccias hosted in strongly limonitic quartz/feldspar/biotite orthogneiss. Common stibnite and/or bismuthinite were present. An overall increase in sericite alteration downhole with zones of potassic alteration were recorded around some mineralised veins within fault zones.

Best intersections: 7.0m @ 1.1g/t Au from 169m, including 1.0m @ 1.6g/t Au from 175m & 0.6m @ 2.8g/t Au from 537m; 22TR001 - Numerous low-level gold intersections were found associated with disseminated and veinlet pyrite or arsenopyrite/quartz veins hosted in various lithologies, including granitic gneiss, calcsilicate and quartzite. Host rocks had a pervasive dolomite overprint, which included erratic stockworks of quartz/dolomite veinlets. Fuchsite was present in some promoted zones but does not directly correlate with gold mineralisation (late overprint).

Sulphide content in 22TR001 was relatively high (> 5%). However, a key characteristic of Pogo-style mineralisation is the low- sulphide (<3%) quartz veins (Larimer, 2016), suggesting this hole was more distal to a high-grade gold system relative to other holes. Elevated, low-level gold: 0.1-0.2g/t Au.

Significant gold mineralisation (>0.5g/t Au) across 4 of 5 drill holes indicated that a gold-bearing hydrothermal event had occurred across a wide area of Tourmaline Ridge. Potential remains for even higher gold grades to occur within the prospect where the hydrothermal fluids have encountered favourable structural and chemical conditions to allow for the development of thicker quartz veins and high-grade gold deposition.