U.S. GoldMining Inc. provided an update on the Whistler Gold-Copper Project in Alaska .S.A. The Company is currently preparing and mobilizing for the 2024 field season which will focus on confirmatory and step-out drilling within the Whistler and Raintree West deposits. The Company is readying to mobilize field teams to the Project in the coming weeks and expects to recommence drilling in July 2024 focused on the Whistler and Raintree West deposits . Exploration activities will be supported from existing camp facilities adjacent to the Whisky Bravo airstrip.

Drilling in 2024 will target expansion and optimization of the existing pit constrained gold-copper mineral resource area. The deposit will also be tested for the potential continuation of deeper high-grade mineralization beneath the existing mineral resource estimate, which could lead to potential expansion including possible identification of zones amenable to bulk underground mining methods . Within the broader Whistler - Raintree mineral system, also referred to as the "Whistler Orbit", the Company has interpreted the presence of multiple additional intrusive centers, some of which already contain indications of gold-copper mineralization, but which have not yet had sufficient drilling to estimate mineral resources.

This style of intrusive complex is sometimes referred to as a 'porphyry cluster' and suggests the potential to discover additional new porphyry-hosted gold-copper deposits in the district. The geological team is continuing to employ a range of search criteria to identify and rank porphyry targets in order to prioritize for drilling, including surface geological mapping and prospecting, surface geochemical sampling and a lithogeochemical study to detect individual porphyry intrusions which may potentially host gold-copper mineralization. The Company is pleased to welcome Mr. Logan Boyce as Senior Project Geologist.

Mr. Boyce's 10+ years of experience, including a senior role in the exploration and development of a major gold project in Yukon, Canada, will be invaluable in the successful execution of exploration planned at Whistler.