Sokoman Minerals Corp. reported the following assay results from the ongoing 100,000 m Phase 6 program at Moosehead, as well as update on exploration in the vicinity of MH-22-463 which returned a 39.6 m intercept (core length) grading 12.50 g/t Au, including a higher-grade interval of 10.25 m grading 41.97 g/t Au from the Lower Eastern Trend. The mineralized zone in MH-22-463 is located approximately 100 m below the currently modeled mineralized shell for the Eastern Trend.

Also released are 14 holes drilled along the northern perimeter of the Western Trend where geophysics (magnetics and historical IP) indicated the potential to expand the zone in that direction. Drilling highlights from the Eastern Trend include: MH-22-489: three zones of mineralization were intersected; from 106.35 m to 108.10 m (1.75 m @ 2.69 g/t Au); and, from 210.40 m to 212.22 m (1.82 m @ 3.78 g/t Au); and, from 244.19 m to 245.20 m (1.01 m @ 56.67 g/t Au). MH-22-485: two zones of mineralization were intersected; from 203.00 m to 209.45 m (6.45 m @ 4.01 g/t Au); and, from 227.45 m to 232.95 m (5.50 m @ 1.27 g/t Au).

Other holes reported confirm the continuation of the Eastern Trend to the north and down dip and drilling will continue in those directions. The drilling includes holes designed to extend the Eastern Trend to depth, as well as testing areas inferred to be within the Eastern Trend but where previously drilled holes are too widely spaced to confirm. The onset of freezing temperatures has forced an end to the barge-based program for 2022 but will resume in 2023.

While the main focus of the barge program was the Eastern Trend and splays linked to it, it now appears that the recent intersection in MH-22-463 may be partially tested by holes drilled from the barge. Meanwhile, drilling to test the MH-22- 463 area will commence, with holes being collared from the western side of North Pond. Drilling at Moosehead will continue with two drills until the holiday break period which starts December 15, 2022.

MH-22-463: Drill hole MH-22-463 reported one of the best intersections on the Moosehead Property to date, returning 39.60 m of 12.50 g/t Au including a 10.25 m section averaging 41.97 g/t Au. This represents the deepest, high-grade intersection to date at approximately 370 m down dip (300 m vertically). The Company has been reviewing all available information from the immediate area including televiewer data from the hole, combined with a visit from structural consultant, Dr. David Coller, who spent five days at Moosehead reviewing the core.

Following his rigorous assessment of core and 3D modeling, Dr. Coller corroborates that the intersection in MH-22-463 represents a new and previously unrecognized gold occurrence in the footwall to the Eastern Trend. The intersection in MH-22-463 is complex, with the borehole intersecting at an oblique angle and crossing several gold-bearing intact veins and extensive mineralized vein breccia intervals. The interpreted westerly dip of this deeper level zone is new and opposite to the gold structures established at higher levels and is interpreted as either a high-grade linking structure or fold core-controlled breccia-vein zone.

Borehole MH-22-418, located 80 m to the northwest and also in the footwall of the Eastern Trend, intersected similar intact veins and vein breccia as MH-22-463, grading 4.14 g/t Au over 5.92 m from 388.84 m downhole including 1.31 m of 15.60 g/t Au. One scenario links these intersections with a shallow rake within a northwest-dipping plane that is best tested by drilling towards it from the west shore of North Pond. A second possible scenario (based on the current televiewer data) is for these similar high-grade intersections to be two of a series of new NE trending NW dipping zones.

New televiewer data being acquired is aimed at improving the estimation of the strike trend to plan and optimize the drill test of the extent and continuity of this high-grade occurrence. True thickness and extent of the mineralization in MH- 22-463 will require multiple drill holes from potentially different orientations. Up to this point, the Company has been targeting east-dipping structures like the Eastern Trend.

This opens up a new structural orientation at the lower levels of the gold system that have not been targeted except for the early drilling in 2018/2019. These holes will also be completed using HQ-size core to provide a larger diameter hole for better televiewer accessibility and maximize sample size should visible gold be intersected. Western Trend: A total of 14 holes were drilled around the northern limits of currently defined Western Trend.

While intersecting favourable structures, most holes returned low values, however, the structures remain open to the north where untill and soil Geochem anomalies remain unexplained. The Western Trend is also open along strike to the south and down dip. The area will be reassessed over the holiday break for additional testing in 2023.

The Western Trend, like all of the mineralized zones at Moosehead, hosts near- surface, high-grade gold such as previously reported in hole MH-18-08 that cut two zones, including; 1.05 m @ 207.5 g/t Au from 8.5 m downhole, and 2.28 m @ 42.36 g/t Au from 33.07 m downhole. Drilling on the Moosehead Project to date has discovered five zones of gold mineralization, most containing visible gold, focused mainly on the Eastern Trend in the central portion of the property. Gold mineralization has been defined over a 600-m strike length and to 370-m down dip.

The Company is well funded with more than $4.5 million in the treasury.