Bravada Reports Results Of Recent Drilling And Status Of Updated PEA At Wind Mountain Au/Ag Project, Nevada |

Bravada Gold Corporation (TSXV: BVA) (FSE: BRTN) (OTCQB: BGAVF) (the "Company" or "Bravada") has received assay results for the three deep reverse-circulation holes drilled during 2022. The holes tested below a banded vein zone discovered in Q4 2020 beneath mine waste and other overburden at the Feeder target, located approximately 450m south of the Wind Open Pit and where hole WM20-102 intersected 1.5 metres of 269.0gt Ag and 0.404gt Au within a thicker interval of banded quartz veining with anomalous gold and silver. The three 2022 holes intersected zones of low-grade disseminated gold and silver within the Truckee Formation, which is the host for the current resource of disseminated oxide gold north of the Feeder target. However, the banded quartz vein zone did not persist to the depths tested. Below disseminated mineralization in the Truckee Formation, however, many vein zones were encountered in the holes which are enriched in manganese, barium, tungsten, nickel, and zinc.

President Joe Kizis commented, "It may be that the banded quartz veins intersected during 2020 and 2021 at shallower depths than we tested in 2022 are a result of boiling of a younger, and possibly less gold-rich hydrothermal fluid than the fluids responsible for the large, disseminated mineralization farther north. The widespread manganese-rich zones that we encountered deep during this program are very similar to late-stage black manganese carbonate veins that are unmineralized and cut gold mineralization in the Wind Pit. We now will direct our full attention at Wind Mountain to de-risking the disseminated oxide gold resource towards production with the next important step being the independent, updated Resource and PEA that is now well underway with results expected early in Q4 2022."

Figure 1. Aerial photo of the Feeder Target showing 2022 RC drill holes and the pre-mineral fault/vein zone between uplifted impermeable Mesozoic basement rocks (southeast) and variably permeable Tertiary volcanic and sedimentary rocks (northwest).

To view an enhanced version of Figure 1, please visit: https://images.newsfilecorp.com/files/5343/137824_e25d7aaea4b6bb7a_001full.jpg.

Table 1. Details of 2022 Reverse-circulation drilling.

To view an enhanced version of Table 1, please visit: https://images.newsfilecorp.com/files/5343/137824_bravada%20table%201.jpg.

Figure 2. Variations in geochemistry are apparent between shallow precious-metal-enriched zones and deeper zones, with a possible vector to an upwelling source of hotter temperature fluids to the west. Precious-metal-rich zones in these holes are strongly silicified with relatively barren, clay-rich horizons above and between them.

To view an enhanced version of Figure 2, please visit: https://images.newsfilecorp.com/files/5343/137824_e25d7aaea4b6bb7a_003full.jpg.

Bravada is an exploration company with a portfolio of high-quality properties in Nevada, one of the best mining jurisdictions in the World. Bravada has successfully identified and advanced properties with the potential to host high-margin deposits while successfully attracting partners to fund later stages of project development. Bravada's value is underpinned by a substantial gold and silver resource with a positive PEA at Wind Mountain, and the Company has significant upside potential from possible new discoveries at its exploration properties.

Since 2005, the Company signed 32 earn-in joint-venture agreements for its properties with 19 publicly traded companies, as well as a similar number of property-acquisition agreements with private individuals. Bravada currently has 10 projects in its portfolio, consisting of 810 claims for approximately 6,500 ha in two of Nevada's most prolific gold trends. Most of the projects host encouraging drill intercepts of gold and already have drill targets developed. Several videos are available on the Company's website that describe Bravada's major properties, answering commonly asked investor questions. Simply click on this link https://bravadagold.com/projects/project-videos/.

Joseph Anthony Kizis, Jr. (AIPG CPG-11513) is the qualified person responsible for reviewing and preparing the technical data presented in this release and has approved its disclosure.

On behalf of the Board of Directors of Bravada Gold Corporation

"Joseph A. Kizis, Jr."

Joseph A. Kizis, Jr., Director, President, Bravada Gold Corporation

For further information, please visit Bravada Gold Corporation's website at bravadagold.com or contact the Company at 604.684.9384 or 775.746.3780.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company's projects, and the availability of financing for the company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Bravada Gold Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

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Bravada Gold (TSXV:BVA) is a prospect generator focused on precious metals projects in proven jurisdictions, specifically in the state of Nevada. The company has targeted established trends of mineralization across the state, including the Battle Mountain-Eureka and Walker Lane gold trends. As a prospect generator, Bravada Gold works to advance a collection of projects through a combination of company exploration programs, partnerships and agreements, maximizing its exposure to potential project successes while sharing the costs of project development.

Bravada Gold currently owns nearly a dozen resource projects in Nevada, totaling approximately 6,000 hectares of land claims across the state. The company’s flagship Wind Mountain property is a potential near-term producer with a 43-101 compliant resource and a positive 2012 PEA that is at the pre-development stage.

In pursuit of its prospect generator model, Bravada Gold has partnered with more than a dozen major and mid-tier mining companies during its history including leaders such as Agnico Eagle Mines Limited (TSX:AEM, NYSE:AEM), Kinross Gold Corporation (TSX:K; NYSE:KGC), Newcrest Mining (ASX:NCM, OTCPink:NCMGF), Newmont Mining (NYSE:NEM) and Placer Dome / Barrick. Of the ten projects Bravada currently owns in Nevada, three are funded by partners of the company. Bravada commonly retains anywhere between 20 and 50 percent ownership of its projects, allowing any potential partners to help fund further development.

The Wind Mountain project is a past-producing gold project located in Nevada, approximately 160 kilometers northeast of Reno. The region includes excellent logistics and infrastructure, including a county-maintained road and power lines that run to the property. In 2018 Bravada Gold refined the Feeder target on the property through two “proof of concept” holes, in addition to new mapping, sampling, and a 3D evaluation of detailed geophysics.

Between 1989 and 1999, previous owners AMAX Gold recovered approximately 300,000 ounces of gold and over 1,700,000 ounces of silver from two small open pits and a heap-leach operation. Rio Fortuna Exploration Inc., a wholly-owned subsidiary of Bravada Gold, has acquired 100 percent of the property through an earn-in agreement with Agnico-Eagle, which retains a two percent NSR royalty interest, one percent of which is available for purchase.

An independent Preliminary Economic Assessment (PEA) and resource estimate was conducted by Mine Development Associates on the Wind Mountain property. The PEA assumes an open-pit operation including contract mining with conventional trucks and shovels, run-of-mine leaching, and a base-case price of US$1,300 per ounce of gold and US$24.42 per ounce of silver.

There is an indicated resource of approximately 59.31 million short tons grading at 0.010 ounces of gold per ton and 0.25 ounces of silver per ton for oxidized material (0.012 gold and 0.40 silver for mixed material), and 34.46 million short tons within the inferred resource category at 0.006 ounces gold per ton and 0.17 ounces of silver per ton for oxidized material (0.016 gold and 0.46 silver for mixed), utilizing a 0.005 ounces of gold per ton cutoff for oxidized material and 0.010 ounces of gold per ton cutoff for mixed material.

To date, approximately 465,000 ounces of gold and 11,198,000 ounces of silver have been mined from Wind Mountain, producing approximately 288,000 ounces of gold and 1,680,000 ounces of silver. The PEA approximates a mine life of seven years, with two additional years of residual leaching & rinsing. The total pre-tax cost estimate on the property is approximately $1,080 per ounce of gold.

Bravada Gold’s Highland gold project comprises 192 federal lode claims for a total of 1,600 hectares in the Walker Lane gold trend. The project was acquired by Bravada Gold in June of 2002 after Fairmile Gold Mining Company defaulted on the property. Following the acquisition, Bravada Gold conducted additional geological mapping and rock-chip sampling on the property, in addition to two RC drilling programs totaling 3,772 meters in 18 drill holes.

Drilling was conducted on the property by Bravada Gold’s subsidiary, intersecting 1.5 meters of 66.9 g/t gold and 397.7 g/t silver within a 12.2m intercept of 9.5 g/t gold and 109.4 g/t silver in hole H03-013, with true thicknesses estimated at 65 percent of the intervals.

Since 2004, Bravada Gold has continued to advance the Highland project forward through earn-in joint venture agreements. The company has signed a joint venture partnership with OceanaGold US Holdings Inc to complete additional fieldwork that has provided additional information regarding two targets on the property: the Big Hammer target and the Geyser target. Under the terms of the joint venture, OceanaGold has the opportunity to earn a 75 percent interest in the project after spending US$10 million, after which Bravada will participate in joint-venture exploration and development on a 75-25 basis. A permit has been approved for 19 drill sites, and two initial core holes are planned for 2020 with funding from OceanaGold. Drilling is scheduled to begin in August 2020.

Although a small amount of historic production occurred from outcropping quartz veins, the property was essentially dormant prior to the 1990s, with limited exploration work at the main Highland target that was limited to the trenching and drilling of 13 shallow holes, exploring the veins to a maximum depth of approximately 60 meters. The best intercept reported from this drilling assayed 3.6 g/t gold over 5.8 meters. In 1999, Hecla Mining entered into an agreement with Fairmile to conduct a detailed ground magnetic geophysics program over the Main Highland target and trenching at the Deb and Main Highland targets.

Bravada Gold’s Baxter gold project is a low-sulfidation epithermal gold-silver system located approximately 9 kilometers southwest of the company’s Highland property. The Baxter project consists of 114 unpatented lode claims totaling approximately 925 hectares that are accessible year-round via a gravel road.

The project is underlain by felsic flows and domes within a package of volcanic tuffs, sediments and breccias. After drilling 54 RC holes for a total of 10,726 meters, Kinross Gold Corp returned the project to Bravada.

Initial sampling conducted on the Baxter project returned 16 of 51 samples with values ranging from 1.0 g/t to 21.2 g/t gold, including seven samples that were greater than 10 g/t gold with up to 132 g/t silver. The silver-to-gold ratio is less than 10:1, which Bravada Gold believes is indicative of a gold-biased system. In 2004, a shallow drill program conducted by Bravada Gold returned narrow intervals of high-grade gold at the Chugiak Target, including 1.5 meters of 9.12 g/t gold within 6.1 meters of 3.50 g/t gold beginning at 51.8 meters depth in hole B04006 and 1.5 meters of 7.38 g/t gold within 10.7 meters of 2.00 g/t gold beginning at 47.2 meters in hole B04007.

Subsequent to exploration conducted by Bravada, Kinross Gold conducted exploration on the property including mapping, rock-chip and soil sampling, detailed ground gravity, airborne magnetics, and mineralogy studies to identify clay and other alteration products in surface and drill chips. Five of the 92 samples of the material collected contained between 10.1 and 43.7 g/t gold. The drill program conducted by Kinross discovered a shallow gold deposit at the Sinter Target, including a 6.1m intercept that averaged 2.199 g/t gold beginning at 32m depth within a thicker interval of 32.0m averaging 0.880 g/t gold in Kinross hole BAX16-13.

Bravada’s East Manhattan project is a low-sulfidation gold project comprising 84 federal lode claims totaling 680 hectares located at the eastern edge of Nevada’s Manhattan Mining District. Through its US subsidiary, Bravada Gold has conducted two drilling campaigns at the project, consisting of 3,103 meters in 17 reverse-circulation drill holes that returned a number of promising results. The company’s best drill hole, EM08-010, intersected an estimated true thickness of 11.25 meters of 2.868 g/t gold at 91.4 meters depth followed by 11.25 meters of 0.805 g/t gold at a depth of 118.9 meters.

Bravada Gold conducted a detailed magnetics survey in 2010 that suggested additional targets. The targets have been permitted for drill testing, subject to the posting of a bond. Moving forward, Bravada Gold intends to find a partner to drill test the targets.

Mr. Kizis is a Registered Geologist and a Certified Professional Geologist with a B.S. in Geology from Kent State University and an M.S. in Geology from the University of Colorado. He has 40 years of experience in exploration for gold, silver, copper, molybdenum, lead, zinc, and uranium in the U.S., Canada and abroad. He is the President and a director of Bravada Gold Corporation and previously of Homestake Resource Corporation as well as Fortune River Resource Corp. (which amalgamated with Bravada Gold Corporation in 2011). Mr. Kizis has held previous executive positions and directorships with Fairmile GoldTech, Sierra Geothermal, the Geological Society of Nevada, and the GSN Foundation.

Lawrence Page obtained his law degree from the University of British Columbia in 1964 and was called to the Bar of British Columbia in 1965 where he has practiced in the areas of natural resource law and corporate and securities law to the present date. Through his experience with natural resource companies and, in particular, precious metals development, Mr. Page has established a unique relationship with financiers, geologists and consultants and has been counsel for public Companies which have discovered and developed producing mines in North America. Specifically, he has been a Director and Officer of Companies that have discovered and brought into production the David Bell and Page Williams mines in Ontario, the Snip, Calpine/Eskay Creek, and Mascot Gold Mines in British Columbia, as well as the discovery of the Penasquito Mine in Mexico.

Mr. Thatcher moved from London, England to Vancouver, British Columbia in 2006. Specializing in financial reporting and auditing across a breadth of business sectors in both the UK and Canada, he brings extensive experience of operating with International Financial Reporting Standards and paperless systems. He is also senior accountant at Manex Resource Group which provides administrative, financial, corporate, corporate finance, and geological services to a number of public companies in the mineral resource sector. Prior to this, he worked in public practice at Smythe Ratcliffe LLP with companies in the mining and exploration sector. Mr. Thatcher obtained a Bachelor of Arts degree with Honours in Economics from Lancaster University in 1995, which included a one year program at the University of British Columbia. He is also a finalist of global accounting designation, the Association of Chartered Certified Accountants (ACCA). Mr. Thatcher is also a volunteer board member and treasurer at Heritage Hall Preservation Society, a non-profit charitable organization whose mandate is to restore and manage Heritage Hall, a landmark building located in Vancouver.

Mr. McDonald received his Bachelor of Commerce degree from the University of British Columbia in 1964 and subsequently received his designation as a Chartered Accountant from the Institute of Chartered Accountants of British Columbia in October 1968. From 1968 until 1973, Mr. McDonald practiced with Price Waterhouse in Canada and in Australia. From 1974 until 1984, Mr. McDonald worked in private partnerships except for a two year period from 1980 to 1982 when he was a senior officer in a junior resource company. For the past 15 years, Mr. McDonald has been in public practice with his own firm and then joined Smythe Ratcliffe Chartered Accountants in 2005, and has since retired. Working principally with clients related to mining and mineral exploration, he is also involved as director of several junior resource companies.

Mr. Kerr graduated from the University of British Columbia in 1964 with a Bachelor of Applied Science (B.A.Sc) degree in Geological Engineering. He has participated in the mining industry continuously since graduation as an exploration geologist. His expertise is epithermal and sedex-hosted precious metal deposits in the southwest United States, strata controlled gold deposits and porphyry copper, gold, and molybdenum deposits of the western Cordillera and VMS deposits in all areas of North America. Mr. Kerr has served as a director of numerous public companies and is currently a director of Quaterra Resources Inc. (QTA), Bravada Gold Corporation (BVA), Equity Metals Corporation (EQTY), Searchlight Resources Inc. (SCLT) and Valterra Resource Corporation (VQA), all listed on the TSX-V.

Michael Rowley has 30 years of experience in the mining industry including more than 25 years of executive experience in the exploration and mine environmental industries with expertise in capital markets, acquisitions, project development, exploration operations, and management of public companies. Mr. Rowley is a director of Group Ten Metals, Bravada Gold, and Granite Creek Copper, and is an officer of Sierra Mountain Minerals.

Nigel Bunting is based in London and an active participant in a number of resource ventures, both public and private. He is a Director of Bravada Gold Corporation, Southern Silver Exploration Corp. & Valterra Resource Corporation, all 3 companies are quoted on the TSX Venture stock exchange. Nigel identifies early-stage opportunities in the resource sector and arranges financings to advance projects to the public market. He is a Director of Anglia Registrars, trading as Inform Direct, which is one of the UK’s leading cloud-based technology companies relating to company formation, administration and secretarial services. He is also a Director of MFB Corporate Member Ltd, an insurance underwriter at Lloyds of London.

Mr. Donald R. Head, a native of Arizona and a resident of Scottsdale graduated from Arizona State University with a BA in Business and holds a law degree from the University of Arizona. He co-founded Centurian Development and Investments Inc., a company engaged in real estate development. He practiced as an Attorney in Arizona where, for many years, he represented Canadian public mineral exploration companies in property acquisitions and equity finance. He has served in an advisory capacity and as a Director of Canadian public companies, notably Valterra Resource Corporation, Southern Silver Exploration Corp., Fortune River Resource Corp. and Duncastle Gold Corp. He currently serves as Officer of Head Management Investments LLC. and formerly served as the Founder, Chairman, President and Chief Executive Officer of Capital Title Group Inc., a public company providing title insurance services in the USA, since inception in 1981 until it was sold in 2006 for gross proceeds of $ 265 million.

Bravada Gold Corporation (TSXV: BVA) (FSE: BRTN) (OTCQB: BGAVF) (the "Company" or "Bravada") reports that the Company will be extending the exercise period of a total of 6,434,000 share purchase warrants, all of which are exercisable at $0.12 per share (collectively, the "Warrants"). The Warrants were issued on July 23, 2018, pursuant to a private placement (see news release NR-07-18) and are scheduled to expire on July 23, 2022. The Company proposes to extend the expiry by one (1) year, and accordingly, the new expiry date for the warrants will be July 23, 2023.

All other terms and conditions of the Warrants remain unchanged. The Warrant extension is subject to acceptance by the TSX Venture Exchange.

Bravada's two-pronged approach to adding value at its wholly owned Wind Mountain gold/silver project in Nevada is progressing as planned after minor delays due to contractor availability.

Thirteen reverse-circulation (RC) holes were drilled during 2021 to in-fill a shallow, under-drilled portion of the existing resource with results successfully demonstrating higher-grade concentrations of gold and silver. A resource update is underway and will form the basis of a Preliminary Economic Assessment (PEA) for a Phase 1 "Starter Pit" with studies to be released in early Q3 2022. This part of the program should upgrade the quality of shallow mineralization already discovered.

Renewed RC drilling at Wind Mountain is expected to begin on July 5th or 6th. Three or four holes, approximately 4,000' (1,200m), are planned from newly permitted drill sites to test beneath a zone of banded quartz veins intersected in December 2020 and followed up along strike in mid-2021. The vein zone is interpreted as a potentially important zone of upwelling, referred to as a feeder zone. Evidence includes the first banded quartz veins intersected in hole WM20-102, which intersected1.5 metres of 269.0g/t Ag and 0.404g/t Au within a thicker interval of banded quartz veining together with anomalous gold and silver. Four 2021 holes traced the banded vein zone beneath mine waste and gravel cover for approximately 330 metres, but the holes shallowed and did not test deeper in the vein zone than did WM20-102.

The new sites and larger RC drill rig should be able to test the vein zone approximately 150m deeper than the existing vein intersection. This part of the program is designed to test for high-grade gold and silver mineralization that is often found in upwelling/feeder zones of low-sulfidation deposits worldwide, a potential "game changer" for the project.

WM Feeder Target Cross Section Silver

To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/5343/129645_7e508d71b47acbba_001full.jpg

Bravada is an exploration company with a portfolio of high-quality properties in Nevada, one of the best mining jurisdictions in the world. Bravada has successfully identified and advanced properties with the potential to host high-margin deposits while successfully attracting partners to fund later stages of project development. Bravada's value is underpinned by a substantial gold and silver resource with a positive PEA at Wind Mountain, and the Company has significant upside potential from possible new discoveries at its exploration properties.

Joseph Anthony Kizis, Jr. (AIPG CPG-11513) is the qualified person responsible for reviewing and preparing the technical data presented in this release and has approved its disclosure.

On behalf of the Board of Directors of Bravada Gold Corporation

"Joseph A. Kizis, Jr."

Joseph A. Kizis, Jr., Director, President, Bravada Gold Corporation

For further information, please visit Bravada Gold Corporation's website at bravadagold.com or contact the Company at 604.684.9384 or 775.746.3780.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company's projects, and the availability of financing for the company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Bravada Gold Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

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Bravada Gold Corporation (TSXV: BVA) (FSE: BRTN) (OTCQB: BGAVF) (the "Company" or "Bravada") announces that it has closed the previously announced non-brokered private placement for total gross proceeds of $1,719,500 through the issuance of 34,390,000 units of the Company at a price of $0.05 per unit. The original $1,500,000 offering, previously announced on March 21, 2022, has been oversubscribed. Each unit consists of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase a common share at an exercise price of $0.10 for a period of two years following the closing of the offering.

Net proceeds from the private placement will be used to continue exploration drilling at the Wind Mountain property and to incorporate higher-grade gold and silver assay results from 2021 in-fill drilling, as well as results from earlier post-2012 drilling, into an update of the resource calculation and PEA. Net proceeds will also cover property maintenance for the Company's portfolio of Nevada properties and for working capital.

All securities issued and sold under the offering will be subject to a hold period until August 29, 2022, which is four months and one day from their date of issuance. In connection with the offering, the Company paid aggregate cash finders' fees of $6,650 and issued an aggregate of 133,000 non-transferable finders' warrants, each exercisable to purchase one common share at an exercise price of $0.10 for a period of two years. The Company also reports that it has granted incentive stock options under its 10% rolling stock option plan to certain directors, officers and consultants of the Company to purchase a total of 5,000,000 common shares at $0.05 per share exercisable for a period of five years.

About the Wind Mountain Au-Ag project

The Wind Mountain gold-silver property was mined by a former owner, operating an open-pit/heap-leach operation that produced 299,259oz gold & 1.8MMoz silver. Bravada subsequently acquired 100% ownership subject to a small royalty, and after a series of exploration and pre-development initiatives, commissioned in 2012 an independent resource estimate and a Preliminary Economic Evaluation* for Wind Mountain, which reported positive economics and a resource of:

570,000 ounces of gold and 14.7 million ounces of silver in the Indicated category, and

354,000 ounces of gold and 10.1 million ounces of silver in the Inferred category.

See the table* below and news release NR-06-12 (April 11, 2012) for details of the resource.

Bravada, in 2021, successfully added higher-grade mineralization by in-filling certain portions of the 2012 study area. In addition, exploration drilling at the feeder target in Q4 2020 discovered the top of a banded vein zone beneath mine waste and other overburden, and in 2021 drilling expanded this zone beneath cover for 330 metres of strike and is open-ended in both directions. The Company recently completed permitting five new drill sites to test deeper portions of the vein system where much higher grades are expected based on analogies with similar vein systems in Nevada and elsewhere.

The proposed exploration program is designed to add tonnage and higher grades to the mineral inventory as the next step towards mining of the resource.

Table 1 To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/5343/122058_36773d0724c89995_001full.jpg

*Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be classified as mineral reserves. There is no assurance that any part of the resources will ultimately be converted to mineral reserves.

Mine Development Associates compiled the Technical Report and PEA. Thomas Dyer, P.E. is a Senior Engineer for MDA and is responsible for sections of the Technical Report involving mine designs and the economic evaluation, and Steven Ristorcelli, C.P.G., is a Principal Geologist for MDA and is responsible for the sections involving the Mineral Resource estimate. These are the Qualified Persons of the technical report for the purpose of Canadian NI 43-101, Standards of Disclosure for Economic Analyses of Mineral Projects. Details of the PEA produced by Mine Development Associates (MDA) of Reno can be found on SEDAR, as previously reported (see NR-07-12 dated May 1, 2012). Note that although the PEA was encouraging, it is preliminary in nature, it includes Inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA will be realized.

Joseph Anthony Kizis, Jr. (AIPG CPG-11513) is the qualified person responsible for reviewing and preparing the technical data presented in this release and has approved its disclosure.

On behalf of the Board of Directors of Bravada Gold Corporation

"Joseph A. Kizis, Jr."

Joseph A. Kizis, Jr., Director, President, Bravada Gold Corporation

For further information, please visit Bravada Gold Corporation's website at bravadagold.com or contact the Company at 604.684.9384 or 775.746.3780.

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Bravada Gold Corporation (TSXV: BVA) (FSE: BRTN) (OTCQB: BGAVF) ("Bravada" or "Company") plans to issue up to 30,000,000 units ("Units") in a non-brokered private placement at a price of $0.05 per Unit for gross proceeds of $1.5M. Each Unit will consist of one common share and one share purchase warrant, exercisable to purchase one additional common share for a period of two years at an exercise price of $0.10 per share. The Company will make provision for an over-allotment option (Greenshoe) to allow a purchase of up to 10% additional Units beyond the number of Units in this private placement.

The Company may pay finders' fees comprised of cash and non-transferable warrants in connection with the Offering, subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the Offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

About the Wind Mountain Au-Ag project

• 570,000 ounces of gold and 14.7 million ounces of silver in the Indicated category, and

• 354,000 ounces of gold and 10.1 million ounces of silver in the Inferred category.

See the table* below and news release NR-06-12 (April 11, 2012) for details of the resource.

Bravada in 2021 successfully added higher-grade mineralization by in-filling certain portions of the 2012 study area. In addition, exploration drilling at the feeder target in Q4 2020 discovered the top of a banded vein zone beneath mine waste and other overburden, and in 2021 drilling expanded this zone beneath cover for 330 metres of strike and is open-ended in both directions. The Company recently completed permitting five new drill sites to test deeper portions of the vein system where much higher grades are expected based on analogies with similar vein systems in Nevada and elsewhere.

The proposed exploration program is designed to add tonnage and higher grades to the mineral inventory as the next step towards mining of the resource. The program is permitted, and a drilling rig is scheduled for commencement of a drill program in May 2022.

President Joe Kizis commented, "This is an exciting time for Bravada with this financing focusing on de-risking our flagship Wind Mountain Gold/Silver Property in northwestern Nevada towards renewed production. Recent drilling at Wind Mountain successfully confirmed suspected horizons of higher grade gold and silver mineralization at the shallow Breeze portion of the resource, and exploration drilling has greatly added to our understanding of potentially high-grade "feeder" veins that we have long predicted to exist beneath the known widespread disseminated gold/silver mineralization.

Considering the increase in gold price since our 2012 Wind Mountain PEA, we feel it is appropriate to update the independent Resource and PEA. We have drilled additional mineralization that has not been added to the resource, particularly the higher grades confirmed near the Breeze pit that might be developed as a "starter" pit.

Wind Mountain will not be the only source of news flow. There is strong interest in several of Bravada's other projects, with various groups evaluating Highland, Baxter, and East Manhattan, which are low-sulfidation systems with drilled gold mineralization and targets delineated for further drilling. Covid issues continue to delay these evaluations, particularly for non-North American parties, but the interest is strong for the opportunity to earn into low-risk exploration opportunities in one of the world's safest, premier mining jurisdictions."

Chairman Lawrence Page Q. C., further commented, "The world needs new, large gold and silver discoveries to continue the current pace of production, and Wind Mountain provides the unique opportunity for a potential near-term, "starter pit" that could initiate cash flow while exploration and development continues to evaluate a potentially much higher grade and larger "feeder vein zone" at depth."

To view an enhanced version of Table 1, please visit: https://orders.newsfilecorp.com/files/5343/117342_f8d325b4c49119fa_001full.jpg.

Joseph Anthony Kizis, Jr. (AIPG CPG-11513) is the qualified person responsible for reviewing and preparing the technical data presented in this release and has approved its disclosure.

On behalf of the Board of Directors

Joseph A. Kizis, Jr., Director, President, Bravada Gold Corporation

For further information, please visit Bravada Gold Corporation's website at bravadagold.com.

This news release may contain forward-looking statements including, but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company's projects, and the availability of financing for the company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Bravada Gold Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Units, nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Units being offered will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.

This news release is not intended for distribution to United States newswire services or dissemination in the United States

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/117342

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Bravada Gold Corporation (TSXV: BVA) (FSE: BRTN) (OTCQB: BGAVF) (the "Company" or "Bravada") reports that all ordinary resolutions placed before the annual general meeting held on January 24, 2022 were passed. Smythe LLP, Chartered Accountants were re-appointed as auditors of Bravada and the Company's rolling stock option plan was approved. Shareholders re-elected directors Joseph A. Kizis, Jr., Lawrence Page, Q.C., Michael Rowley, G. Ross McDonald, John Kerr and Nigel Bunting.

Subsequent to the annual general meeting, the directors re-appointed Joseph A. Kizis, Jr. as President, Lawrence Page, Q.C. as Chairman, Graham Thatcher as Chief Financial Officer and Arie Page as Corporate Secretary. The Company also granted incentive stock options under its 10% rolling stock option plan to certain directors, officers and consultants of the Company to purchase a total of 3.0 million common shares at $0.05 per share exercisable for a period of five years.

Since 2005, the Company signed 32 earn-in joint-venture agreements for its properties with 19 publicly traded companies, as well as a similar number of property-acquisition agreements with private individuals. Bravada currently has 10 projects in its portfolio, consisting of 810 claims for approximately 6,556 ha in two of Nevada's most prolific gold trends. Most of the projects host encouraging drill intercepts of gold and already have drill targets developed. Several videos are available on the Company's website that describes Bravada's major properties, answering commonly asked investor questions. Simply click on this link; https://bravadagold.com/projects/project-videos/ .

On behalf of the Board of Directors of Bravada Gold Corporation

"Joseph A. Kizis, Jr."

Joseph A. Kizis, Jr., Director, President, Bravada Gold Corporation

For further information, please visit Bravada Gold Corporation's website at bravadagold.com or contact the Company at 604.684.9384 or 775.746.3780.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company's projects, and the availability of financing for the company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Bravada Gold Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111655

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Bravada Gold Corporation (TSXV: BVA) (FSE: BRTN) (OTCQB: BGAVF) (the "Company" or "Bravada") has received approval for an amendment to its drilling permit, which was submitted in late September 2021. The extensive delay is believed to be related to COVID-19 staffing issues. After posting a small increase in bond, five new drill sites will allow deeper tests of the vein system that was discovered in Q4 2020 by drilling beneath mine waste and other overburden at the Feeder Target, in which hole WM20-102 intersected 1.5 metres of 269.0gt Ag and 0.404gt Au within a thicker interval of banded quartz veining together with anomalous gold and silver. Four reverse-circulation holes drilled in 2021 to further test this target extended the strike length of banded quartz veining to +300m beneath overburden but failed to test the vein system deeper than the WM20-102 high-grade silver intercept due to unexpected shallowing of 2021 drill holes. The new sites (see Figure 1) will allow a better drill orientation designed to intersect the vein zone at a deeper elevation (see Figure 2).

President Joe Kizis, commented, "The banding seen in drill chips indicates that several stages of sealing and breakage occurred within the vein zone, which is important for developing high grades in low-sulfidation deposits. Silver is often enriched in the upper portions of these systems because gold typically is deposited preferentially deeper. Enriched silver to gold ratios returned from our recent drilling, along with observations of relatively low-temperature quartz vein mineralogy, indicate that our current drilling only tested shallow portions of the vein zone; therefore, we expect that major gold enrichment should lie at a deeper elevation. The upper portion of the hole planned from Site G will also test a possible shallow extension of disseminated resource.

Our theory that this vein zone should contain better gold grades than seen in the disseminated portion of the deposit is based upon two reasons; several low-sulfidation, disseminated gold deposits like Wind Mountain contain very high-grade gold in upwelling/feeder veins, and third-party research in 2014 demonstrated that even in disseminated portions of the Wind Deposit, tiny factures contain very high concentrations of gold, silver, and related metals (see Figure 3).

Our interpretation is that the ore-forming hydrothermal fluids carried high concentrations of gold and related elements but was poorly constrained in permeable and highly fractured sediments that were present at the upper levels of the system, resulting in wide dispersion of gold fluids with diluted metal grades. The Feeder target is a very attractive setting because gold-bearing fluids would have been concentrated into a major fault/vein zone that juxtaposed impermeable basement rocks on the southeast and variably permeable sediments and impermeable volcanic rocks on the northwest. Further concentration of precious metals to higher grades due to repeated sealing and breaking is indicated by banding in the veins."

The Company's 2021 Resource Upgrade drilling program demonstrated that higher grades exist in certain horizons predicted by our 3D model, providing confidence to better model and expand these higher-grade zones during our planned 2022 update to the 2012 Resource and PEA. A portion of the resource containing the highest grades is categorized as Indicated Resource, which is acceptable for Pre-feasibility Studies that could upgrade a portion of the Resource to the Probable Reserve category, and which may be developed near-term into Phase I, or Starter, open-pit/heap-leach mining operation. Features which will contribute to a potentially attractive Phase I operation include: very low strip ratio, higher grades than predicted by the 2012 PEA, excellent logistics and snow conditions, sparse and supportive local population, lack of sage-grouse habitat, potential access to nearby "green" geothermal energy for operations, and potential post-mining "green" solar and wind energy usage. A resource update is now expected by late Q2 or early Q3 2022.

Figure 1. Aerial photo of the Feeder Target showing pre-mineral(?) fault/vein zone between uplifted impermeable Mesozoic basement rocks (southeast) and variably permeable Tertiary volcanic and sedimentary rocks (northwest). Anomalous silver values are shown because they tend to be more widespread at this level of the system. Note locations of five new drill sites E-I. To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/5343/109475_5f18479a7492097a_001full.jpg

Figure 2. Drill site G tests the projection of the quartz vein zone approximately 150m below the elevation of the WM20-102 high-grade silver intercept. The upper part of this hole also tests an undrilled extension of 2012 disseminated gold resource blocks. To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/5343/109475_5f18479a7492097a_002full.jpg

Figure 3. The black outline in the upper left photo was cut into the slab shown in the upper center photo, and point analyses for gold, silver, mercury, and arsenic are shown in the other photos. The sample was collected from the Wind Pit. Note the very high grades in factures with dramatically lower concentrations between fractures. To view an enhanced version of Figure 3, please visit: https://orders.newsfilecorp.com/files/5343/109475_5f18479a7492097a_003full.jpg

The Wind Mountain Property is an historic past-producing, bulk-tonnage gold-silver mine located in northwestern Nevada approximately 160km northeast of Reno in a sparsely populated region with excellent logistics, including County-maintained road access and a power line to the property. An independent resource estimate and Preliminary Economic Evaluation for Wind Mountain commissioned by Bravada in 2012 reported:

See the table below and news release NR-06-12 (April 11, 2012) for details of the resource update. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be classified as mineral reserves. There is no assurance that any part of the resources will ultimately be converted to mineral reserves.

Joseph Anthony Kizis, Jr. (AIPG CPG-11513) is the qualified person responsible for reviewing and preparing the technical data presented in this release and has approved its disclosure.

On behalf of the Board of Directors of Bravada Gold Corporation

"Joseph A. Kizis, Jr."

Joseph A. Kizis, Jr., Director, President, Bravada Gold Corporation

For further information, please visit Bravada Gold Corporation's website at bravadagold.com or contact the Company at 604.684.9384 or 775.746.3780.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109475

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Falcon Gold Corp. (FG:TSX-V), (3FA:GR), (FGLDF:OTCQB), ("Falcon"); and Marvel Discovery Corp. (TSX-V:MARV), (Frankfurt:O4T), (MARVF:OTCQB), ("Marvel"); and together (the "Alliance") are pleased to provide an update on their combined exploration focus for their Hope Brook Projects which are strategically located contiguous to Benton-Sokoman Joint Venture, and First Mining's ground which was recently optioned to Big Ridge Exploration. The Alliance had originally planned to complete high resolution magnetic gradiometer surveys over the project area, a proven method to distinguish structural complexities in geological terranes. Start of the survey work has been delayed due to helicopter availability from forest fires in Central Newfoundland, a state of emergency was issued. Providing the Alliance an opportunity to conduct a geophysical review and structural interpretation over the Hope Brook project area in advance of the survey and surface work. The Alliance is pleased to announce that the geophysical review has identified kilometer-scale shear zone corridors, and a major fold closure, interpreted from the magnetic patterns, within the Hope Brook Property area. These will be the focus of prospecting and till sampling projects employed to verify the structures and determine their mineralization potential. With recent success in identifying anomalous gold, tungsten, silver and copper reported by Falcon at their Gander North Property (September 15, 2022), the Alliance has shifted their exploration focus to the Gander district

In the past year, Benton-Sokoman made headlines announcing the first High Grade Discovery of Lithium bearing pegmatites at their Golden Hope project. It is important to note this discovery is less than 1 km away from the combined ground held by Falcon and Marvel, and appears to be the same structural corridor covered by the Alliance land tenure. The 35 grab and chip samples noted in the Benton-Sokoman NR (September 16th 2021) were collected over a 2 km distance. Their sampling program confirmed the presence of lithium pegmatites, and the first significant occurrence of Lithium documented in the province of Newfoundland and Labrador, Canada.

Falcon and Marvel recently formed a strategic partnership (November 17, 2021) that combines both the Hope Brook and Baie Verte Brompton District properties covering a combined 115,170 hectares to be explored on a 50-50 Joint Venture basis. The Hope Brook Property is hosted within the Exploits subzone of the central Newfoundland gold belt. The property covers extensions of, or are proximal to, two major structures linked to several significant gold prospects (Cape Ray; Matador Mining) and deposits (Hope Brook; First Mining) in southern Newfoundland. Rock lithologies and structures on the property are also related to those associated with Marathon Gold's Valentine gold deposits, Sokoman's Moosehead gold project and New Found Gold's Queensway gold project. The combined land position straddles both the eastern and western extents of recent land acquisitions by the Benton-Sokoman JV partnership, with the JV now controlling areas of considerable structural complexity marked by large-scale fold and fault structures, which provide important structural controls (traps) for gold mineralization within this area.

Within this immediate area, the most significant deposit is the Hope Brook Gold Mine, which was in production from 1987 to 1997, producing 752,163 ounces of gold. The Hope Brook deposit is now owned by Coastal Gold Corp., which has outlined an additional 6.33 million tonnes at an average grade of 4.68 grams per tonne gold for 954,000 ounces of gold in the indicated and inferred categories.

The technical content of this news release has been reviewed and approved by Greg Robinson, P.Geo., who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Falcon's flagship project, the Central Canada Gold Mine, is approximately 20km southeast of Agnico Eagle's Hammond Reef Gold Deposit which has currently estimated 3.32 million ounces of gold (123.5 million tonnes grading 0.84 g/t gold) mineral reserves, and 2.3 million ounces of measured and indicated mineral resources (133.4 million tonnes grading 0.54 g/t gold). The Hammond Reef gold property lies on the Hammond shear zone, which is a northeast-trending splay off the Quetico Fault Zone ("QFZ") and may be the control for the gold deposit. The Central Gold property lies on a similar major northeast-trending splay of the QFZ.

The Company holds 14 additional projects: The Esperanza Gold/Silver/Copper mineral concessions located in La Rioja Province, Argentina, The Viernes Gold/Silver/Copper project in Antofagasta Chile, The Springpole West Property in the world-renowned Red Lake mining camp; a 49% interest in the Burton Gold property with Iamgold near Sudbury Ontario; and in B.C., the Spitfire-Sunny Boy, Gaspard Gold claims; and most recently the Great Burnt, Hope Brook, and Baie Verte acquisitions adjacent to First Mining, Matador, Benton-Sokoman's JV, and Marvel Discovery in Central Newfoundland.

Karim Rayani Chief Executive Officer, Director

Telephone: (604) 716-0551 Email: k@r7.capital

Cautionary Language and Forward-Looking Statements

Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Forward-looking statements in this press release relate to, among other things: completion of the proposed Arrangement. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. There is no assurance any of the conditions for closing will be met. Forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law

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Satori Resources Inc. (TSXV: BUD) ("Satori" or the "Company") is pleased to announce the commencement of its fall drilling campaign at the Tartan Lake Project, Flin Flon, Manitoba.

The Company plans to test the Hanging Wall Zone (in Main Zone) to extend the significant mineralization that was intersected in hole TLMZ21-12, which returned 47.56 g/t Au over 5.8 metres, within a broader interval that averaged 23.76 g/t Au over 12.6 metres (see news release dated December 6, 2021). This intercept isthe second highest value intercept ever recorded at Tartan Lake Main Zone and the Company believes that the physical differences in lithology and mineralization tenor suggest that this could represent the upper portion of a new zone in the hanging wall of the Main Zone trend.

The Company also plans to follow up on the most significant intersection reported from the South Zone in 2021. TLSZ21-05, intersected 7.48 g/t Au over 16.75 metres within a broader interval that averaged 4.76 g/t Au over 27.80 metres.

Jennifer Boyle, Chief Executive Officer, states, "This fully funded program is designed to expand the newly identified mineralization in the Main Zone hanging wall and the South Zone. Recent drilling over the past year and a half has evidenced the tremendous potential for this project which has been long overlooked throughout the past three decades."

Wes Hanson, P.Geo., is the qualified person who has reviewed and approved the contents of this press release.

ABOUT Satori Resources Inc. (TSXV: BUD)

Satori is a Toronto-based mineral exploration and development company whose primary property is expanding the resource at the past producing Tartan Lake Gold Mine Project, located in the prolific Flin Flon Greenstone Belt, Manitoba.

The Tartan Lake Project (2,670 Ha.) is located approximately 12 kilometres northeast of Flin Flon, Manitoba, and includes the Tartan Lake Mine (1986-1989) which produced 36,000 ounces of gold before the mine was shut down due to, in part, the price of gold falling below USD$390. Remaining infrastructure includes: an indicated resource estimate of 240,000 ounces averaging 6.32 g/t Au (see news release February 23, 2017), an all-season access road, grid connected power supply, mill, mechanical, warehouse and office buildings, tailing impoundment and a 2,100 metre decline and developed underground mining galleries to a depth of 300 metres from surface. Gold mineralization is associated with anastomosing quartz-carbonate veins hosted in east-west striking, steeply dipping shear zones up to 30 metres in width. The veins vary from several centimetres to several metres in width and gold grades vary from 1.0 to +100 g/t. Satori believes the mineral resources of the project are currently limited by drill coverage.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Jennifer Boyle, B.A., LL.B. President and Chief Executive Officer Satori Resources Inc. (416) 904-2714 jennifer@capexgroupinc.com

Mr. Pete Shippen Chair, Satori Resources Inc. (416) 930-7711 pjs@extramedium.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release of Satori contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Satori's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/138081

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Finlay Minerals Ltd. (TSXV: FYL) (OTCQB: FYMNF) (" Finlay " or the " Company ") is pleased to announce results from the 2022 exploration program conducted on its ATTY Property (" ATTY ") which included trenching at the Attycelley Target, and mapping and rock sampling at the KEM Target

Highlights included Trench 2 on the Attycelley Target assaying 32.4 g/t silver ("Ag"), 0.34 % copper ("Cu"), 1.07 % lead ("Pb"), 2.98 % zinc ("Zn"), and 0.04 g/t gold ("Au") over 11 metres, ("m") including 1 metre grading 198 g/t Ag, 1.62 % Cu, 8.23 % Pb, 0.88 % Zn, and 0.18 g/t Au.

Robert F. Brown , President & CEO of Finlay Minerals states:

" The 2022 ATTY exploration advanced the KEM porphyry and Attycelley epithermal vein targets to drill-ready status. Favorable alteration, widespread mineralization and coincident geophysical anomalies at both these adjacent occurrences suggests the presence of a significant mineralizing system underlying the western portion of the ATTY Property. F inlay is pleased with the results and target sizes and will be planning further exploration for 2023."

The Attycelley target is an east-northeast-trending, steeply south-dipping, low-sulphidation epithermal vein system along a similar trending fault/shear. The structure exhibits intense oxidation and clay alteration associated with meter-scale quartz-carbonate-galena-sphalerite-chalcopyrite-pyrite veins.

The Attycelley target is east-northeast of the KEM target. ( Click HERE to view the Zn Soil and Rocks map for Attycelley and KEM .) Mapping and sampling have demonstrated mineralization over 500 m in length striking to the east and dipping steeply to the south. Based on past and 2022 geological mapping, the Attycelley target coincides with a structure mapped for 2,200 m along strike, with potential for mineralization along its entire length. The structure appears to extend west-southwest to the KEM target.

In 2022, mineralization along the shear zone was exposed and sampled in three (3) hand-dug trenches, the extents of which were limited by overburden cover; mineralization in all three trenches is open laterally.

Trench 1 was sampled across 5 m , and the first two (0- 2 m ) samples were mineralized within sheared, chloritized, and oxidized volcanic rocks and averaged 11.3 g/t Ag, 0.07 % Cu, 0.21 % Pb, 0.70 % Zn, and 0.38 g/t Au. Mineralization in quartz-carbonate veins included malachite stains, blebby chalcopyrite, and pods of galena.

Trench 2 was the western and longest trench. The trench was 11 m long. Sampling was done on 1 m intervals and included 1 m (7- 8 m ) grading 198 g/t Ag, 1.62 % Cu, 8.23 % Pb, 0.88 % Zn, and 0.18 g/t Au, within 11 m grading 32.4 g/t Ag, 0.34 % Cu, 1.07 % Pb, 2.98 % Zn, and 0.04 g/t Au.

Trench 3 was sampled across 2 m of sheared, chloritized oxidized volcanic rock, with calcite-quartz veining mineralized by pyrite, malachite, chalcopyrite, and blebby galena. The 2 m interval averaged 9.3 g/t Ag, 0.11 % Cu, 0.48 % Pb, 0.35 % Zn, and 0.11 g/t Au.

Trenches 1 and 3 were sampled using a typical channel saw along the desired length with 1 m continuous sample intervals. Trench 2 was channel sampled by chipping the heavily altered and oxidized rock with a shovel and hammer and sampling composite 1 m sample intervals.

The KEM target consists of a multi-oriented mineralized vein/breccia swarm underlain by a deep high chargeability anomaly as indicated by induced polarization (IP) surveys. KEM is considered a porphyry Cu-Au target due to its characteristic alteration and vein assemblages. The occurrence lies 1.8 km north of the Kemess North Trend which hosts Centerra Gold's Kemess Underground and Kemess East porphyry deposits. The Kemess East deposit is truncated at its eastern margin by a northwest-trending fault which extends onto the ATTY property and west of the KEM target area.

The 2022 exploration program expanded the extent of the known mineralization and further supports the potential for a porphyry system at the KEM Target. Alteration mapping north of historic drilling showed a gradational increase in the intensity of propylitic alteration northward, with exposures of weak potassic alteration assemblages in the far north. Multiphase quartz-carbonate-chalcopyrite-malachite-pyrite veins range in thickness from 5 cm – 2.0 m , and trend subparallel to topography for > 1 kilometre.

The 2022 KEM rock samples, of which there were 31 samples, consisted of mineralized veins, breccias and altered country rock. Samples yielded up to 0.61 g/t Au, 49.5 g/t Ag, and 1.10 % Cu. Average assay values for the rock samples were 0.11 g/t Au, 0.29 % Cu and 14.9 g/t Ag.

Selected Rock Sample Highlights from the KEM Target:

Composite 1 m chip sample over chloritized and brecciated basalt with quartz and calcite matrix

Quartz-carbonate oxidized vein with malachite

Augite phyric basalt cut by quartz and calcite veining and pervasively chlorite and epidote altered

Crystalline epidote-hematite-quartz-chalcopyrite- magnetite veins cross-cutting propylitic altered basalt

Multiple parallel stages of quartz-chalcopyrite, quartz- calcite-hematite-chalcopyrite and vein breccia

Quartz-calcite-chalcopyrite matrix within a brecciated propylitic altered augite phyric basalt

Vuggy quartz breccia and parallel wide coxcomb quartz-chalcopyrite vein

Cross cutting oxidized quartz-chlorite-malachite vein and oxidized quartz-calcite-chalcopyrite breccia vein

These KEM rock samples are from outcrops and the field sampling was selective.

The 2022 ATTY program included a total of 71 rock, 18 channel/chip, and 162 soil samples. Additionally, numerous mapping points, structural measurements, and alteration chips for spectral analysis were collected. Further maps, details and photos from the 2022 ATTY exploration program are available on the Finlay website at www.finlayminerals.com under the ATTY Property Mineralization page.

The ATTY Property is located within the Toodoggone Mining District of northern British Columbia. It is situated north of Centerra Gold Inc.'s former Kemess South Mine, the fully permitted Kemess Underground Cu-Au porphyry deposit, and the Kemess East Cu-Au porphyry deposit, and to the south of Amarc Resources' and Freeport McMoRan's joint venture Joy property hosting the Pine and Mex Cu-Au porphyry targets.

The KEM represents a Cu-Ag porphyry target and combined with the Attycelley low-sulphidation epithermal vein target, both now have drill-ready targets for discovery. With the purchase of the adjacent ATG Property, the ATTY also now includes the Wrich target which is south of the South Takla target which hosts a large Cu-Au surface geochemical anomaly on the Joy Property. ( Click HERE to view the complete ATTY Property Map .)

The ATTY property contains intriguing targets with great potential for near-term discovery.

All samples were shipped to ALS Global Laboratories for analysis. The rock and trench samples were sampled, photographed and geological information was taken in the field. The samples were placed in sample bags with a sample tag and securely sealed with zap straps and then placed in rice bags that were sealed with security tags and then shipped to ALS Global Laboratories in Kamloops, BC . Rock and trench samples were crushed to 70% less than 2 millimetres, rotary split off 250 grams ("g"), and pulverised split to better than 85% passing 75 microns. Samples were analyzed for 48 elements by four-acid digestion on a 0.25 g sample (method ME-MS61). Gold was analyzed by fire assay using a 30 g sample with an AAS finish (method Au-AA23). Over limit silver assays greater than 100 ppm were re-analyzed by fire assay using a gravimetric finish using a 30 g sample. Assays for copper, lead and zinc that were greater than 10,000 ppm were re-analyzed by four-acid digestion and an ICP finish using a 0.4 g sample for overlimit values.

Soil samples were placed within rice bags, securely sealed with security tags, and shipped to ALS Global Laboratories in Kamloops, BC . The soil samples were dry screened to 180 micron (80 mesh) and analyzed by Aqua Regia (AuME-TL43) using a 25 g sample.

In addition to the ALS Global Laboratory QA/QC protocols, Finlay Minerals implements an internal QA/QC program that includes the insertion of duplicates, standards, and blanks into the sample stream accounting for 4% of the total samples.

Wade Barnes , P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

Finlay is a TSXV company focused on exploration for base and precious metal deposits in northern British Columbia .

Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown , P. Eng. President & CEO

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the ATTY Property. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

View original content: http://www.newswire.ca/en/releases/archive/September2022/22/c5709.html

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Nevada Sunrise Gold Corporation (TSXV: NEV) (OTC: NVSGF), (" Nevada Sunrise" or the " Company "), announced today that effective September 23, 2022 the Company's name will change from "Nevada Sunrise Gold Corporation" to "Nevada Sunrise Metals Corporation."

The Company's common shares will begin trading on the TSX Venture Exchange on September 23, 2022 under the new name. The Company's trading symbol will remain "NEV". The new CUSIP will be 641492103 and the new ISIN number will be CA6414921032. The share capital of the Company remains unchanged.

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC , Canada , that holds interests in lithium, gold, copper and cobalt exploration projects located in the State of Nevada, USA .

Nevada Sunrise owns 100% interests in the Gemini and Jackson Wash lithium projects, both of which are located in Esmeralda County, NV. The Company owns Nevada water right Permit 86863, located in the Lida Valley basin, near Lida, NV.

The Company's key gold asset is a 20.01% interest at the Kinsley Mountain Gold Project ("Kinsley Mountain") near Wendover, NV. Kinsley Mountain is a joint venture with Copaur Minerals Inc. Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au 1 .

Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin, Ph.D., and Gary L. Simmons, MMSA and filed under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR ( www.sedar.com ).

Nevada Sunrise has right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, NV , with Global Energy Metals Corp. holding an 85% participating interest.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE Nevada Sunrise Gold Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2022/21/c0362.html

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New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to outline the Company's 2022 exploration programs at its 100% owned Moray property ("Moray") located approximately 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson Gold Mine operated by Alamos Gold Inc. New Break developed a fresh approach to 2022 exploration following the interpretation of results from its 2021 exploration programs, including observations and findings from detailed compilation work that also identified gaps in historical exploration work. Gold mineralization at Moray occurs in second order structures interpreted as splays off the Cadillac Larder-Lake Fault Zone, part of the famous Abitibi greenstone belt.

For almost 60 years, Moray has attracted over a dozen different operators, including mining industry giants like Noranda Inc. ("Noranda"), Rio Tinto, Inmet Mining Corporation and Newmont Corporation. Successive cycles of exploration work were completed, focused on gold, base metals (Cu, Pb, Zn, Ag) and ultramafic hosted Ni-Cu mineralization with 13 separate mineral showings recognized in the Ontario Mineral Index Inventory. Historical drilling includes an aggregate of 9,794 metres in 61 diamond drillholes, completed from 1964 to 2012 by a dozen different companies, including the most recent 2012 work, completed by SGX Resources Inc. ("SGX"). SGX performed prospecting and trenching programs during the summer of 2012, completed an induced polarisation ("IP") survey in November 2012 and completed a 776-metre diamond drilling program in five drillholes in December 2012. SGX cut short its exploration of Moray to focus on another nearby property. After a number of years of inactivity, New Break is bringing a fresh and collaborative approach to exploration at Moray.

Numerous instances of short tenure by past operators left a gap in understanding the geological structures that underlie the Moray property and its mineral showings. Success from drilling is increased tremendously by spending the necessary time and performing the necessary work to gain this understanding. New Break has focused on analyzing all historical work on the property, including historical drilling. Through this analysis and after incorporating new field work and interpretations, it is apparent that other compelling drill intersections of gold mineralization have never been followed up.

Michael Farrant, President and CEO of New Break, noted, "After acquiring the Moray property in September 2020, the task of understanding the geology of Moray and its potential host an economic mineral deposit was led by Bill Love, New Break's Vice-President, Exploration and a key member of the Hemlo gold deposit discovery team. Discoveries like Hemlo don't come without patience and developing a new and better understanding of the geology. The 1981 discovery at Hemlo was years in the making and only came after 75 unsuccessful drillholes by Corona Resources. The Hemlo gold camp has produced over 22 million ounces of gold and is one of Canada's most important gold camp discoveries. Who better to lead the efforts at Moray than one of the geologists who participated in the Hemlo discovery."

Bill Love built a technical team comprised of Orix Geoscience Inc. ("Orix"), along with a number of industry specialists to support him in undertaking a detailed compilation of the historical exploration work performed at Moray. Initial collaboration included reviewing assessment reports, observing and sampling historical drill-core, speaking to past operators to understand their perspectives on the property and facilitating a variety of technical sessions focused on interpretation and targeting. The results of 2021 survey work were interpreted using advances in technology, including proprietary 3-D modelling. 2022 exploration programs have been further designed to allow New Break to develop the best ever drill targets on the Moray property, based on a new and comprehensive geological understanding, and drill them.

In August and October 2021, Shaun Parent, P. Geo., of Superior Exploration Co. ("Superior Exploration") completed 22.61 line-kilometres of Very Low Frequency ("VLF") ground geophysical surveys over three principal targets areas, the Fiset showing ("Fiset"), the Voyager showing ("Voyager") and over the eastern end of Moray Lake, in order to test the historical results yielded in the NOR-1 drillhole, drilled by Noranda in 1965. VLF data are used to map geologic structure, including the apparent dip of fault zones and shear zones. The data can be interpreted to identify the dip of these structures for reliable drilling. The main Voyager trend was evident from the results of the survey and is evidenced by pyrite-pyrrhotite mineralization associated with mafic volcanics. The VLF survey at the East end of Moray Lake did produce a conductor/structure co-incident with the presumed azimuth of the NOR-1 drillhole.

From early October 2021, New Break engaged Pioneer Exploration Consultants Ltd. ("Pioneer") to perform a detailed airborne drone magnetometer ("Drone-MAG") survey over the entire 1,856-hectare Moray property using an Unmanned Aerial Vehicle ("UAV"). The UAV provides a low altitude aeromagnetic survey, producing high resolution data at regular intervals at a fraction of the cost of ground magnetics. The Drone-MAG survey resulted in New Break gathering Total Magnetic Intensity, 1st Vertical Derivative and 3D Analytic Signal data for the Moray property. The Drone-MAG survey details are noted in the following table:

Magnetic methods are applicable to gold exploration in syenites, such as the Fiset syenite at Moray, because alteration readily destroys magnetite such that gold deposits in syenites invariably occur within "magnetic quiet zones". The data generated through the Drone-MAG survey at Moray, was further analyzed with the generation of magnetic inversions. The magnetic inversions provide a 3-D view of areas where magnetite destruction has occurred, including gold mineralized sections of the Fiset syenite, similar to syenite-hosted gold mineralization found at the Young-Davidson mine. Areas of magnetite enrichment are also highlighted, associated with serpentinization and potential Ni-Cu mineralization in the Moray ultramafic rocks.

In March 2022, New Break purchased the raw IP data from SGX from their 2012 IP survey, which was far more cost effective than duplicating the work. IP surveys are important as they measure the chargeability and conversely the resistivity of the subsurface and are a well-known tool for mapping disseminated style mineralization and sulphide mineralization associated with gold. IP can help discriminate between non-mineralized conductors such as shear zones and faults and map alteration zones.

New Break engaged Alan King of Geoscience North Ltd. ("Geoscience North") with the assistance of Gordon Morrison, to interpret the results of the 2021 VLF and Drone-MAG surveys, along with the purchased raw IP data. Mr. King was Chief Geophysicist at Inco Ltd. and Vale S.A., while Mr. Morrison was past President of TMAC Resources Inc. as well as having been an integral part of the discovery of 13 major polymetallic and precious metal deposits, six of which are producing mines. Through the use of proprietary technology, Mr. King created a geological model of the Moray property incorporating the VLF, Drone-MAG and IP data which has yielded revolutionary new targets for mechanical stripping and drilling unlike any historical data interpretation conducted in respect of the Moray property.

Spring and Summer 2022 Moray Exploration Programs

VLF Survey of the Fiset Syenite

3-D modelling of Drone-MAG survey data by Geoscience North has interpreted a magnetic low represented in a southerly plunging inversion shape within the Fiset syenite. As a result, New Break again engaged Superior Exploration to complete a 14.88 line-km VLF ground geophysical survey of the northeastern corner of the Moray property in April 2022. The purpose of the survey was to test for conductors and structures associated with this plunging magnetic low. Gold mineralization is thought to exist in the altered syenite. The survey yielded two VLF trends that have yet to be tested.

Glacial till sampling is a tried-and-true mineral exploration technique based on glacial erosion and the down-ice transportation of primary bedrock mineralization. This relatively new method has led to several critical gold discoveries in Canada in the past few decades, including the Rainy River gold deposit in northwestern Ontario. Till sampling has never been performed on the Moray property by any of the previous operators. In June 2022, New Break engaged IOS Services Géoscientifique Inc. ("IOS") out of Chicoutimi, Quebec, to complete a till sampling survey of the Moray property. In 2021, IOS completed an extensive till sampling program for Kenorland Minerals Ltd. on their Frotet Project in Quebec.

From June 5-10, 2022, IOS visited the Moray property taking 46, 10-kilogram basal till samples from the C-horizon of glacial till. The sampling grid consisted of sampling lines (WSW-ENE and E-W) approximately 1 kilometre apart and perpendicular to the dominant ice flow with spacing of approximately 250 metres between samples. Samples will be processed by IOS in Chicoutimi, Quebec using their ArtPHOT and ArtGOLD methodologies. Following sample preparation, this involves the use of a high-resolution optical camera to identify gold grains and their morphologies (ArtPHOT technique). Any gold grains recognized through automated photo recognition will be scanned with a research-grade scanning electron microscope to confirm the composition. The analysis and findings are expected to be completed by the end of October 2022.

Mechanical Stripping, Washing, Channel Sampling and Structural Mapping

During the process of compiling the results of historical exploration work on the Moray property, it became apparent to New Break that no previous operator had completed a sufficient level of structural mapping to understand the geological structure associated with the main mineral showings on the property. In addition, while SGX did undertake a 76-sample prospecting program and completed 2,285 m2 of mechanical stripping in a 15-trench program that yielded 194 samples, SGX did not cut channel samples and did not drill their best gold target in their December 2012, 5-hole, 776 metre drilling program.

In approaching 2022 exploration of Moray, New Break determined that gaining a better understanding of the structural controls governing the mineralization at Moray was a critical component to ensuring the greatest chance of future drilling success. New Break engaged CXS Canadian Exploration Services Ltd. ("CXS") out of Larder Lake, Ontario, to complete an initial program of approximately 3,800 m2 of mechanical stripping, principally focused on the Voyager area, including the historical SGX trench 12 and the Fiset area, including the historical SGX trench 1 and NOR-1 vein discovered by Noranda. Stripping, which also included the dewatering of SGX trenches 1 and 12 to accommodate structural mapping by Orix, was completed from June 20-30, 2022. CXS washed both the newly stripped areas and the historical SGX trenches 1 and 2 at Fiset and trench 12 at Voyager which was followed by a 135-sample channel sampling program. The channel sample areas were marked by New Break personnel and cut by CXS, with the program being completed on July 17, 2022.

New Break engaged Orix to oversee the channel sampling program and complete detailed structural mapping of the Voyager and Fiset areas, including prospecting, which included taking 77 rock chip samples from various areas of the Moray property, including historical SGX trench 12 at Voyager. Orix arrived at Moray on July 13, 2022 and completed a high-resolution drone imaging survey of the new and historical stripped areas at Moray. This high-resolution survey has provided New Break with an unprecedented visual record of exploration work at Voyager and Fiset. Orix completed the rock sampling program, including geological and structural mapping by mid-August 2022. New Break expects the assay results from the channel sampling and prospecting programs to be available in the coming days.

The 2022 exploration work programs at Moray are being funded in part by the Province of Ontario as part of the Ontario Junior Exploration Program ("OJEP"). New Break is extremely pleased to be part of a small group of companies that were successfully approved to receive funding under OJEP. The funding period covers eligible exploration work completed between April 1, 2022 and February 15, 2023. Eligible expenses are reimbursed at a rate of 50% with the aggregate reimbursement capped at $200,000. Only 12 companies were approved during the first intake in 2021 and only 18 were approved in the second intake in 2022, including New Break, which accomplished this while still private. Further information on OJEP can be found at www.ontario.ca/page/ontario-junior-exploration-program, including a list of the successful companies.

The Moray property is fully permitted for conducting prescribed exploration activities, including mechanical stripping and drilling, for a period of three years to October 21, 2024. In addition, New Break has the support of the Matachewan and Mattagami First Nations ("First Nations") through a Memorandum of Understanding ("MOU") signed October 22, 2022. New Break has agreed to make payments to the First Nations equal to 2% of the cost of prescribed exploration activities and where possible, New Break will look to offer employment and training opportunities to First Nations members.

Peter C. Hubacheck, P. Geo., consulting geologist to New Break, and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure in this news release.

About New Break Resources Ltd.

New Break is a Canadian mineral exploration company with a dual vision for value creation. In northern Ontario, New Break is focused on its Moray Project, in a well-established mining camp, within proximity to existing infrastructure, while at the same time, through our prospective land holdings in Nunavut, we provide our shareholders with significant exposure to the vast potential for exploration success in one of the most up and coming regions in Canada for gold exploration and production. New Break is supported by a highly experienced team of mining professionals committed to placing a premium on Environmental, Social and Corporate Governance. Information on New Break is available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.newbreakresources.ca. New Break began trading on the Canadian Securities Exchange (www.thecse.com) on September 7, 2022 under the symbol (CSE: NBRK).

For further information on New Break, please contact:

Michael Farrant, President and Chief Executive Officer Tel: 416-278-4149 E-mail: mfarrant@newbreakresources.ca

And follow us on Twitter and LinkedIn

No stock exchange, regulation securities provider, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to property agreements, timing and content of upcoming work programs, geological interpretations, receipt of property titles, an inability to predict and counteract the effects global events on the business of the Company, including but not limited to the effects on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains etc. Forward-looking information addresses future events and conditions and therefore involves inherent risks and uncertainties, including factors beyond the Company's control. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise any forward-looking information, except as may be required by law. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's financial statements and management's discussion and analysis (the "Filings"), such Filings available upon request.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137944

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Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") is pleased to announce that the terms of its agreement to acquire the Carmelitas concessions (located in the district of Acobambilla, department of Huancavelica, and in the district of Chongos Altos, department of Junín, in Peru) have been amended, and Kuya Silver intends to commence initial field work. The acquisition of the three concessions was first announced on May 14, 2021, with the purchase price consisting of cash and common shares of Kuya Silver, to be paid on a schedule over eighteen months. Kuya Silver and the vendor, Freddy Canales, have agreed to amend the terms of the transaction as follows:

The total purchase price for the Carmelitas concessions, reflecting both cash and common shares, has increased from US$892,500 to US$952,500. Title to the three concessions totalling 800 hectares has already been transferred to Kuya Silver's Peruvian subsidiary, Kuya Silver S.A.C.

The Carmelita concessions, and, in particular, the recently past-producing Carmelitas Mine, remain an area of focus for Kuya Silver's regional exploration in the greater Bethania district. Up until 2020, the Carmelitas Mine hosted small-scale silver-lead-zinc production of epithermal-related mineralization, similar to mineralization hosted at the Bethania Mine, which is located only 3 km to the east. To date, Kuya Silver personnel have mapped and observed five veins, of which three saw recent production with access via several horizontal adits in two vertical levels approximately 40 metres apart (Table 1).

Table 1: Highlights of previous rock chip samples taken at the Carmelitas Project

*silver equivalent ("eq.") is calculated using the following metal prices: silver $19/oz, lead $1900/t, zinc $3200/t

Four of the five veins identified to date strike in a NE-SW direction, essentially parallel to the principal vein systems of the Bethania Mine (e.g. Española, 12 de Mayo, Victoria; Figure 1). These two mineralized vein systems (Bethania and Carmelitas), as well as the other vein prospects identified by Kuya Silver and other personnel in the field, are interpreted to be features of a larger collapsed caldera system known as the Huayta Caldera (Figure 2). The Carmelitas and Bethania vein systems are mirrored across the flanks of the Huayta Caldera, which likely controls and drives local epithermal mineralization in the Bethania district, and much of this prospective area is now covered by Kuya Silver's mining concessions and mineral claims.

Kuya Silver intends to conduct a more detailed mapping, prospecting, and sampling program to better understand the Carmelitas vein system, including grade distribution, alteration, metal zoning, and other data, in order to prepare for more advanced exploration leading to a future drilling campaign.

David Stein, Kuya Silver's President and CEO, remarked: "Understandably, Kuya Silver has focused much of its exploration attention to date on at the Bethania mine and its immediate vicinity, while at the same time accumulating a commanding land position in the Bethania district. While our work at the Bethania mine site and nearby area (e.g. the Hilltop Zone) has just started to scratch the surface on the potential to host a significant silver-polymetallic deposit at depth and along strike, the exploration of a potential second zone of mineralization in the district, such as Carmelitas, will be highly strategic to our long-term growth in the area."

A total of six rock chip samples were collected in early 2021. The coordinates of the locations of each sample were measured by handheld GPS and recorded, and the samples dispatched to the SGS laboratory in Lima for geochemical analysis. The analyses were carried out using the following methods: FA313 - Fire Assay for gold, ICP40B - ICP-AES Multi-acid digestion for 36 elements, and AAS41B - Atomic Absorption, multi-acid digestion for Ag, Pb, Zn over detection limit. SGS Laboratories in Lima has international certifications OHSAS 18001, ISO 14001 and ISO 9001 and is accredited by INACAL under the NTP-ISO / IEC 17025.

The technical content of this news release has been reviewed and approved by Mr. David Lewis, P.Geo., Exploration Director of Kuya Silver and a Qualified Person as defined by National Instrument 43-101.

Kuya Silver is a Canadian‐based mineral exploration and development company with a focus on acquiring, exploring, and advancing precious metals assets in Peru and Canada.

For more information, please contact:

David Stein, President and Chief Executive Officer Telephone: (604) 398‐4493 info@kuyasilver.com www.kuyasilver.com

This news release contains statements that constitute "forward-looking information," including statements regarding the plans, intentions, beliefs, and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "future," "growth," "must," "next," "potential," "progress," "prospect," and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Investors are cautioned that statements including forward-looking information are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those described in the forward-looking information as a result of various factors, including but not limited to fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing, and general economic, market and business conditions. There can be no assurances that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Figure 1: Detailed Carmelitas Project map showing known veins and surficial grab samples

To view an enhanced version of Figure 1, please visit: https://images.newsfilecorp.com/files/5945/137893_2972c6cdf45cb85b_001full.jpg

Figure 2: Bethania district map showing interpreted collapsed Huayta Caldera and spatially associated mineralization

To view an enhanced version of Figure 2, please visit: https://images.newsfilecorp.com/files/5945/137893_2972c6cdf45cb85b_002full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137893

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