U.S. Gold Corp. provided an update on its CK Gold Project located in Southeast Wyoming.  The Company saw considerable activity at the CK Gold Project during the summer, which is currently continuing in the fall of 2021, and expects to further advance the project to a permitting and development decision on a fast-track basis.  Highlights of recent activities include: Subsequent to site wetlands survey, the CK Gold Project received a non-jurisdictional determination from the U.S. Army Corps of Engineers. Signed land and right-of-way agreement securing the project's footprint and access across private and onto State land (no Federal land is involved). Extensive local engagement and a new project-specific website, located at www.ckgoldmine.com, has been launched. Prefeasibility Study ("PFS") expected by year-end 2021, currently undergoing optimization. Advancing Feasibility Study ("FS") fieldwork, building on PFS for anticipated FS completion by mid-2022. Ongoing environmental baseline monitoring for potential filing of Mine Permit application in 2022. Pre-Feasibility Study Update: The Company continues to optimize several inputs to the PFS.  With Kevin Francis joining the Company's management, a new independent qualified person has been brought in for the PFS resource modeling and calculation.  Additional engineering studies are taking place, looking at optimizing the processing rate up to 20,000 tons per day. Furthermore, concepts for the beneficial use of rock from the site and post mining use of the site are being explored. Management now expects the PFS will be released in the fourth quarter of 2021. 2021 Field Program Summary: The PFS was designed with a view to rapid project development. As a result, field activities progressing this summer and autumn at the CK Gold Project are intended to allow the project to move towards a full FS in 2022.  Highlights include: Up to 3 drill rigs on project, covering site geotechnical (foundations), pit geotechnical (stability), hydrology and enhance water monitoring. Plan to drill a total of 47 holes in 2021, some of which might expand the resource beyond capturing FS data. Drilling closes gaps, and diminishes uncertainty in hydrology, geotechnical, geochemical, engineering, resource expansion and mine planning. Encountered enriched chalcopyrite/pyrite sulfide zone in hole CK-21 within the current resource potentially enhancing contained copper values. The beneficial use of mined non-mineralized ore offers an important potential benefit to the project. Market and engineering studies are underway to investigate the potential value of the project rock as aggregate. Benefits include additional income for the project, royalties for the state and a source of rock that has already been mined which will have a lower carbon footprint, displacing other rock mined specifically for aggregate. Studies continue to assess the viability of long-term water storage in the completed open pit, addressing the provision of greater storage capacity at little or no cost to local taxpayers.