NV Gold Corporation Announces The Appointment Of John Seaberg As Chief Executive Officer |

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") is pleased to announce the appointment of Mr. John Seaberg as the Company's new Chief Executive Officer

Mr. Seaberg has held several executive roles within the mining industry throughout his career. Since September, 2021, he has been CFO of Condor Gold plc. From July 2019 to June 2021, he was the Senior Vice President and CFO of Calibre Mining. Prior to Calibre, he was the Executive Chairman of Paramount Gold Nevada Corp. He was previously Senior Vice President of Strategic Relations at Klondex Mines Ltd. In this role he was responsible for global investor relations and corporate development initiatives as an acting member of the senior executive team. Prior to Klondex, John was employed for more than 12 years by Newmont Mining Corporation where he last held the position of Vice President, Investor Relations. He has a Bachelor of Science Business Administration (BSBA) degree from Colorado State University and a Masters of BusinessAdministration (MBA) from the University of Denver.

John Watson, NV Gold's Chairman commented - "I am very pleased to introduce Mr. Seaberg as NV Gold's new CEO. His breadth of experience is well-suited to lead our Company into the future. John's strong background in finance and investor relations, combined with his industry reputation will be pivotal to achieving the Company's goals. NV Gold is pursuing an aggressive exploration strategy designed to take advantage of its significant Nevada property portfolio."

Concurrent with Mr. Seaberg's appointment as CEO, Mr. Seaberg has been appointed to the Company's Board of Directors and John Watson will resume being just the Chairman of the Company.

In addition, the Company has granted 3,100,000 stock options to directors and officers of the Company, each option entitling the holder to purchase one common share of the Company at C$0.10 per share for five years.

On behalf of the Board of Directors,

For further information, visit the Company's website at www.nvgoldcorp.com or contact: Freeform Communications at 604.245.0054

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

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NV Gold Corporation (TSXV:NVX,OTC Pink:NVGLF) is a junior exploration company focused on delivering value through mineral discoveries and a highly-experienced in-house technical team. The company owns 16 gold properties throughout Nevada, which was named the number one mining jurisdiction in the world by the Fraser Institute. NV Gold is primarily focused on developing its Frazier Dome project.

The Frazier Dome project is located near the Tonopah mining district and is 32 kilometers from Columbus Gold’s (TSX:CGT) Eastside project. The company’s 2018 drill program tested four of nine target areas and intersected between 0.10 g/t gold and 1.035 g/t gold in five holes. The company is currently conducting a surface mapping, sampling, geophysics and drilling program that’s targeting the gold mineralization adjacent to the intrusive dome.

NV Gold’s 15 other Nevada properties are all in various stages of development. The company intends to develop each of its properties one at a time and is continuously looking to acquire additional projects. The company also intends to drill on one of these projects.

NV Gold has gained access to AngloGold Ashanti’s (ASX:AGG,NYSE:AU) and USMX Inc.’s historical databases, giving the company an edge over its peers when it comes to exploration. The company has also attracted the attention of Eric Sprott, Redstar Gold Corp. (TSXV:RGC) and US Global Investors who collectively own 16 percent of shares.

The company also boasts three highly-regarded and skilled management team members who all have experience working in Nevada. Heading the team is Chairman and CEO John Watson who has over 30 years of experience in the mineral resource industry in Nevada. Joining him are directors Dr. Quinton Hennigh, Dr. Odin Christensen and VP Exploration Dr. Marcus Johnston, who collectively have over 55 years of mining experience in Nevada.

The Frazier Dome project is comprised of 50 unpatented mining claims. The project is 13 kilometers north of the Tonopah mining district in Nevada. The Tonopah district contains two styles of volcanic-hosted epithermal gold mineralization: high-grade, intermediate sulfidation veins and low-sulfidation, gold-rich mineralization. The mineralized system at Frazier Dome is similar to the low-sulfidation mineralization found in the district and at Columbus Gold’s Eastside project which is located 32 kilometers to the west.

The project contains a high-grade, low-sulfidation, volcanic-hosted epithermal gold system in three areas: silicified breccias and veins, north and northwest-trending quartz vein stockworks and silicified volcanic lacking veins. The veins have been traced up to 370 meters before projecting under a thin post-mineral volcanic and alluvial cover.

Between 1980 and 1991, historical drilling intersected an area of shallow gold mineralization. Drilling, however, failed to test all areas of outcropping gold or for mineralization beneath the cover. Notable historical drill results included 1.5 meters grading 10.38 g/t gold and 15.2 meters grading 0.85 g/t gold.

Based on preliminary exploratory work, NV Gold has identified a target area adjacent to the intrusive dome that could be conducive to the development of high-grade epithermal mineralization. The company’s 2018 drill program tested four of nine target areas. Five of the eight widely-spaced holes intersected between 0.10 g/t gold and 1.035 g/t gold.

“Modelling of the Frazier Dome identified many geologic similarities with the shallow parts of low-sulfidation epithermal deposits, especially resources related to other rhyolite domes in the vicinity, such as the Eastside, Hasbrouk and Three Hills gold deposits,” said NV Gold VP Exploration Dr. Marcus Johnston. “The eight reverse circulation holes NVX drilled in 2018 all encountered significant runs of alteration and gold and silver mineralization. The lengths and widths of the mapped fracture and vein sets, combined with the long-runs of alteration and mineralization in drilling, and the shallow nature of the exposed system all point toward a potentially bonanza-grade deeper deposit(s), and the possibility of bulk-tonnage ore to be found on the property.”

NV Gold is currently conducting an exploration program at Frazier Dome. The program includes surface mapping, sampling, geophysics and drilling that will target the gold mineralization adjacent to the intrusive dome.

NV Gold has 14 additional properties in Nevada that are in different phases of development. The company intends to continue to move each property forward with plans to acquire additional properties.

The 6.5-square-kilometer SW Pipe project resides in the Cortez Gold Belt in north-central Nevada. The project is six kilometers southwest of Barrick Gold Corp.’s (TSX:ABX) Pipeline gold mine, which contains approximately 21 million ounces of gold.

Between 1989 and 1997, the property saw historical vertical drilling. Within 150 meters of the surface, a previous operator intersected gold mineralization. Notable results from the program include 17 meters grading 0.44 g/t gold, 11 meters grading 0.75 g/t gold and 18 meters grading 0.60 g/t gold.

NV Gold’s first-phase rock sampling returned gold values up to 1.74 ppm gold with high arsenic and antimony levels. The mineralization at SW Pipe is predominantly within 100 meters of the surface. Gold can be found over a vertical range of at least 300 meters within a 1.3-kilometer by 500-meter area.

The company’s preliminary results from the project indicate that north and northwest-striking faults may have localized mineralization which spread laterally away from these faults. The faults have not been drill tested to date.

NV Gold is reviewing historical exploration data which includes original assay certificates and drill logs, surface rock chip and soil data, internal third-party reports and geological and geophysical interpretations. Aside from its data review efforts, the company also intends to continue to assess the property for mineralization at the feeder structures and outside of historical drilling areas.

The Richmond Summit project is four miles northwest of Newmont Goldcorp’s (NYSE:NEM) Mike copper-gold deposit in the Maggie Creek district and five miles south of Newmont Goldcorp’s Carlin gold mine. The Maggie Creek district has a gold production, reserves and resource total of approximately 29 million ounces with 10 million ounces concentrated in the Carlin mine area alone.

Carlin-type gold mineralization occurs in several widely-spaced areas on the property. Select surface samples from the Main zone returned 7.75 ppm gold, and historical trenching samples returned 20 feet grading 3.048 ppm gold, 10 feet grading 4.960 ppm gold and 10 feet grading 3.59 ppm gold.

Before 1991, limited historical drilling intersected shallow gold mineralization within 200 feet of the surface, returning 10 feet grading 2.54 ppm gold. Mineralization in the area is accompanied by elevated arsenic, antimony and mercury levels, which are typically associated with Carlin-type gold mineralization.

The Ridge zone is 1,200 feet west of the Main zone which is another area of interest for NV Gold. Trenching returned 72 meters of anomalous gold with values of up to 1.97 g/t gold, and a rock-chip sample returned values of 3.7 g/t gold.

Two drill holes were completed at the Main zone and one at the Ridge zone. One of the holes at the Main zone intersected anomalous gold and arsenic values of up to 400 ppb gold and 2,600 ppm arsenic.

The Root Spring project is 80 kilometers south of Winnemucca, Nevada and 26 kilometers east of Coeur Mining’s (NYSE:CDE) Rochester silver mine. A 1.2-kilometer-long vein system has been identified on the property to date. Significant gold and silver values have been recovered as well, including up to 9.4 g/t gold and up to 1,500 g/t silver.

As part of NV Gold’s 2019 exploration program, the company completed mapping, sampling and drill target generation at the Root Springs project. The company traced the Root Springs vein system at surface for over 1,200-meters along strike and determined that there are two spatially distinct vein sets present. NV Gold also collected 39 rock-chip samples from the property. Sampling returned values up to 1,495 g/t silver and up to 8.02 g/t gold, along with positive base metal results of up to 0.51 percent copper, 0.68 percent lead and 0.89 percent zinc.

The Painted Hills property is 17 miles southwest of Denio, Nevada. A historical exploration program tested a portion of the 1.5-kilometer strike length on the property. Previous operators have conducted historical drilling on the property which identified a Middle Miocene gold system that shares similarities with the Sleeper vein deposit which is 85 kilometers southeast of the property.

The Cooks Creek project is eight miles west of Barrick Gold’s Pipeline mine and is adjacent to the Cortez and Cortez Hills deposits, which contain over 25 million ounces of gold. NV Gold has intersected 21.3 meters grading 2.32 g/t gold at the Main zone in 2016. Samples from the Dinner zone returned up to 2.45 ppm gold.

The Baker Spring project is a sediment-hosted, Carlin-style gold project located 12 miles north of Newmont’s Long Canyon mine, which contains a mineral reserve of 1.2 million ounces of gold grading 2.31 g/t gold. The Baker Spring project remains undrilled to date.

The Seven Devils project is 55 miles south of Winnemucca, Nevada. Widespread gold has been identified on the project, grading up to 2.6 g/t gold over a 3.3-kilometer strike length.

The Larus project is 23 miles northwest of Eureka, Nevada, 30 miles southeast of Barrick Gold’s Cortez Hills mine, two miles northwest of General Moly’s (TSX:GMO) Mt. Hope molybdenum deposit and six miles east of the Gold Bar district. Previous operators recovered values of 3.2 g/t gold on the property and delineated a strike length of approximately 4,000 feet.

Silicified Ov black shale from megabreccia below detachment fault 1.495 ppm

The Gold Cloud project is 17 miles south of Barrick Gold’s Ruby Hill gold mine in the Eureka mining district. The property has seen limited historical exploration where anomalous gold values were traced for 2,300 feet along a 6,000-foot system. Values of 2.8 g/t gold have been recovered on the property.

The Queens project is eight miles southeast of Kinross’ Round Mountain gold mine and five miles northeast of the Manhattan gold district. Approximately 500 meters of historical shallow drilling was completed in the early 1990s. Results include 23 meters grading 0.793 g/t gold, 17 meters grading 0.462 g/t gold and 14 meters grading 0.530 g/t gold.

The Long Island project is 12 miles southeast of Kinross Gold’s (TSX:K) Round Mountain gold deposit and 6.5 miles east of the Manhattan gold district. The property has seen limited historical exploration to date and hosts anomalous gold, arsenic and mercury values.

The Oasis project is located within the Goldfield mining district, which has produced 4 million ounces of gold in the Walker Lane Belt. NV Gold has recovered a surface gold sample that graded 6 g/t gold.

Centerra Gold (TSX:CG) completed a drill program on the property in 2010 and 2011. Results from the program include 96.1 meters grading 0.26 g/t gold, 30.5 meters grading 0.40 g/t gold and 169.2 meters grading 0.22 g/t gold.

The gold mineralization on the property correlates with copper, molybdenum, tin, potassium, potassium alteration and a-type quartz veinlets. There is potential to expand the copper-gold system at depth and to the south.

NV Gold is acquiring the Slumber gold property located in the Jackson Mountains. The property is approximately 50 miles northwest of Winnemucca, Humboldt County and 21 miles west of the Sleeper gold deposit.

The Slumber project is one of several high-grade epithermal gold systems on trend with the western splays and associated fault-fracture zones throughout the Jackson Mountains, Bilk Creek Mountains and up into Oregon. The splays and fault zones host numerous deposits, including Sleeper, Sulphur-Hycroft, Goldbanks, Blue Mountain and Sandman, among others.

To date, NV Gold has completed an initial exploration program at Slumber comprised of mapping, sampling and two geophysical surveys. Through the program, the company has identified a large hidden structural gold target that coincides with a 2,000-meter-long by 300-meter-wide magnetic low. NV Gold intends to follow up on the anomaly with a 1,200-meter drill program.

Mr. Watson has over 45 years experience in the mineral resource industry. Mr. Watson is the Founder of the Company and served as Chairman and CEO from 2009 through 2017 and Chairman since 2017. From 2002 to 2007, Mr. Watson was the President of Pan-Nevada Gold Corporation which, prior to the completion of its plan of arrangement with Midway Gold Corp. effective April 13, 2007, was a TSX Venture Exchange listed company focused on the acquisition, exploration and expansion of advanced stage gold projects in Nevada. Pan-Nevada performed extensive exploration and resource expansion of the Pan Project in Nevada, now in production. From 1979 to 1993, Mr. Watson was the President and CEO of Horizon Gold Corporation, which was listed on NASDAQ from 1986 to 1993. Horizon Gold Corporation built and operated two open pit, heap leach mines in Nevada during the period from 1985 to 1992. Mr. Watson holds a B.A. in Geology from the University of Texas and an M.Sc. in Mineral Economics from the Colorado School of Mines.

Mr. Golden brings over 40 years of experience in the mining industry, across six continents. He has held senior executive roles with some of the largest mining operators in the world and played a pivotal role in the discovery of the Syama, Oyu Tolgoi, Agbaou and West Musgrave ore deposits. Prior to assuming his current role leading ASX listed Arrow Minerals Ltd, Mr. Golden was the Global Exploration Manager for Nordgold, with projects spanning across Africa, South America, Canada and Russia. Mr. Golden also held the role of General Manager, Exploration of Rio Tinto, responsible for discovering and acquiring resources in Central and West Africa. Prior to Rio Tinto, he spent three years as Regional Director of Exploration at Kinross Gold Corporation in Russia, where amongst other tasks, he was responsible for increasing the company’s gold reserves through the discovery, identification, acquisition, and economic evaluation of gold deposits in Russia. He also held the role of Chief Geophysicist of WMC Resources in Australia and was Principal Geoscientist for BHP Minerals for 18 years. Mr. Golden has a proven global track record of leading multi-disciplined exploration programs in different climates, conditions and regulatory regimes.

Alfred (Alf) Stewart has a career spanning over 40 years in the resource and investment industries. His career includes time spent as a geologist, stock exchange regulator, investment banker, analyst and investment advisor. He has worked for firms such as Bank of Montreal, Esso Minerals, Erickson Gold Mining, Canaccord Capital, Haywood Securities, Golden Capital and Raymond James. He has been involved in financing mining companies for over two decades, including discoveries in the base and precious metals sectors.

John Watson has over 30 years of experience in the mineral resource industry. From 2002 to 2007, he was the President of Pan-Nevada Gold Corporation which, prior to the completion of its plan of arrangement with Midway Gold Corp. effective April 13, 2007, was a TSXV-listed company focused on the acquisition, exploration and expansion of advanced-stage gold projects in Nevada. From 1979 to 1993, Watson was the President and CEO of Horizon Gold Corporation, which was listed on NASDAQ from 1986 to 1993. Horizon Gold Corporation built and operated two open-pit, heap leach mines in Nevada during the period from 1985 to 1992. Currently, he is a director of Prospero Silver Corp., a TSXV-listed company operating in Mexico. He holds a B.A. in Geology from the University of Texas and an M.Sc. in Mineral Economics from the Colorado School of Mines.

Thomas Klein brings over 25 years of distinguished global exploration experience. He has made very important contributions to multiple gold discoveries and/or project advancements in the USA, South America, West Africa, and the Middle East, and has spent the last decade exploring and generating exploration opportunities for Newmont Mining in Nevada. Klein discovered the Kupfertal Cu-Au Porphyry in Peru, is credited as the co-discoverer of the Amulsar Gold Deposit in Armenia, holds a Masters in Mineralogy from Ruprecht-Karls University in Heidelberg, Germany, and is a Member of the Geological Society of Nevada.

Ron Schmitz is the Principal and President of ASI Accounting Services Inc., which has provided administrative, accounting and office services to public and private companies since July 1995. He has served as a Director and/or Chief Financial Officer of various public companies since 1997, and currently holds these positions with various public and private companies.

Peter Ball brings over 25 years of experience as a mining professional at all levels of leadership. Throughout his career, he has held various senior management roles with international precious metals mining companies in corporate finance, securities trading, mine engineering, business development, corporate communications, public relations and marketing functions throughout North and South America, Asia and Europe.

Ball began his career in the late 1980s working as a mining engineer, a technical representative and in various management and senior executive roles for numerous companies including Redstar Gold, Columbus Gold, Hudson Bay Mining & Smelting, Echo Bay Mines Ltd., RBC Dominion Securities, Eldorado Gold Corp., Adriana Resources Inc. and Argentex Mining Corp. He is a graduate of the Haileybury School of Mines, Georgian Business College, UBC’s Canadian Securities Course and is a member of CIMM.

Dr. Quinton Hennigh is currently Chairman and former CEO of Novo Resources Corp., a Canadian corporation actively exploring for gold in Western Australia. Prior to founding Novo, he was the President of Exploration and Chief Geologist of Evolving Gold Corporation. He is credited with the discovery of the Rattlesnake Hills deposit in Natrona County, Wyoming. From May 2007 to March 2008, he was the Vice-President of Exploration for Evolving Gold Corp. From May 2004 to March 2007, he served as Senior Research Geologist with Newmont Mining Corporation.

Dr. Hennigh has worked throughout North America, in Europe, Australia, Asia and South America with several mining companies and has spent years developing regional concepts for the exploration for buried gold deposits, particularly in Nevada. He holds a Bachelor of Science from the University of Missouri and an MSc. and Ph.D. from the Colorado School of Mines. He is a member of the Society of Economic Geology and of the Mining and Metallurgical Society of America.

Hole SL-27 Returns 112m @ 0.26 gpt, Hole SL 25 Returns 47m @ 0.32 gpt

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") The Company reported an update today on its 2021-2 Slumber Project in Nevada, USA

NV Gold is pleased to announce positive results from the successful completion of the 2021-22 drilling program at its 100%-owned Slumber Project. In addition to enlarging the footprint of the epithermal mineralizing system, this recent program intersected higher grades in certain areas and indicates mineralization remains open laterally and to depth.

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Figure 1: Location of Slumber project and nearby mining operations, past and present.

Slumber Gold Project, Humboldt County, Nevada

Three drill campaigns have been conducted between August 2019 and early 2022; 29 RC holes (reverse circulation) have been completed, totaling 5,200.9 m (17,063.3 ft).

The initial two drilling campaigns focused on a bonanza-style model and targeted a tightly-confined, silicified, and mineralized area in the central part of the Property. While the early drilling did not encounter the desired high-grade structures, it did intercept significant zones of low-grade-oxide gold along the northern limits of the initial drill area. In 2021 NV Gold reinterpreted this zone of mineralized silicification, using CSAMT data and IP-Resistivity to evaluate a wide-open resistivity zone illuminating its correlation with gold mineralization to the north. As a result, most of the 2021-2022 drill holes did encounter significant thicknesses of low-grade-oxide gold distributed over an area of 800+ meters by 350+ meters with thicknesses of 100-150 meters or more (see figures 2-5). Most 2021-2022 holes bottomed in gold mineralization. While drilling was depth-limited by ongoing equipment breakdowns, labor challenges and ground water, the results were highly encouraging.

The Company reports that Slumber has now been demonstrated to host a low-grade bulk-tonnage, oxide gold system, which remains open in multiple directions. Drilling remains very widely-spaced over this large area, with reasonable expectations of locating structural and lithologically favorable zones of stronger grades.

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Figure 2 - Rock types at Slumber (Trf and Trx are the main host rocks for gold while Tra and Pz are mostly barren).

"NV Gold has successfully delineated a substantial near-surface, oxide-gold mineralized gold system on its Slumber property in Humboldt County, Nevada. The gold zone is very homogenous and continuous, and preliminary AuCN tests returned potentially high gold recoveries. The gold system remains open in multiple directions and at depth. The northern part of the Property and most of the southern part remain untested. However, having mostly gold values of around 0.2 g/t Au compels NV Gold to test for better grades and thicker intercepts. Recently received assays of up to 1.5 g/t Au in SL-27 are indicators that higher grades can be present in the area. More fieldwork and results from the undertaken Mercury-vapor and biochemistry surveys will assist pinpointing higher-grade structures with the goal of enhancing Slumber to economic grade levels. The property now appears to have good potential for a +million-ounce target. While the grades encountered so far are sub-economic at current conditions, the drill-spacing is wide and good upside remains for more favorable zones of structural preparation or favorable lithologies",stated Thomas Klein, VP Exploration, NV Gold.

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Table 1 - Slumber 2019-2022 significant drill intercepts.

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Figure 3 - Drill hole locations with gold intercepts (Au >100 ppb) and cross-sections.

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Figure 4 - Cross-section A-A' with gold intercepts (Au >100 ppb) on interpreted geology

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Figure 5 - Cross-section B-B' with gold intercepts (Au >100 ppb) on interpreted geology.

NV Gold CEO, John Watson commented - "These encouraging results have extended our understanding of this large, oxide gold system, elevating our expectations for an ultimate economic discovery. Oxide gold discoveries have been rare in Nevada over the past 15+ years despite intensive exploration efforts by many companies. Slumber remained undiscovered primarily because of its setting, largely obscured by recent sediments and volcanics. Its lateral and vertical extent remains open and compelling. The sheer size of the mineralized system is important, given the implications of a large, new, gold system in a relatively unexplored part of Nevada. The next program at Slumber will be a modest core program, designed to twin and deepen two of our existing reverse circulation holes. The goal is to further extend the mineralization and identify any potential RC sampling loss of values. We look forward to the next phases for Slumber, looking to extend the system both laterally and at depth. As drill density adds understanding, we can target zones of higher grades, such as demonstrated in hole SL-27."

Damir Cukor, P.Geo. is a Qualified Person pursuant to National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.

On behalf of the Board of Directors,

John E. Watson President & CEO

For further information, visit the Company's website at www.nvgoldcorp.com or contact:

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company's planned exploration activities, the interpretation of the resistive blanket as having come from higher grade feeder structures and a continuation of the gold system identified in the UVP, the appearance that previous drilling only peripherally intercepted the southwestern edges of two much larger, potentially mineralized resistor zones, the interpretations of the mapping exercise and the dimensions of the strike length and width are forward-looking statements that involve various risks and uncertainties. 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. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, the lack of continuity of mineralization, the extent to which mineralized structures extend on to the Company's Projects and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

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NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") The Company announced today an update on its Slumber project in Nevada, USA

Slumber Gold Project, Humboldt County, Nevada

Our Q4/Q1-2021/22 reverse circulation drill program at Slumber has been completed. Twelve (12) reverse circulation drill holes totaling approximately 2,350 meters (7,710 feet) have been drilled and sampled. Results have been reported for the first five holes and the remaining seven holes are being submitted for assay. These final holes encountered longer thicknesses of silicified, oxide mineralization, distributed over an area in excess of 900 meters by 500+ meters, with drill-site RC chip logging having recorded thicknesses of 100-150 meters or more of mineralized material. The last two (deepest) holes revealed mineralization to depths of nearly 300 meters. The Company reports that Slumber has now been demonstrated to host a low-grade bulk-tonnage, oxide gold system, which remains open in multiple directions. Drilling is still very wide-spaced over this large area, with reasonable expectations of structural and stratigraphically favorable zones of higher grades yet to be encountered.

"I am very pleased that the "Low-Resistivity Model" has confirmed that alteration and related gold mineralization correlate extremely well with the low resistivity zones. All the reverse circulation holes drilled into the easternlow-resistivity extension have intercepted the same type of silicification and oxidation, suggesting that width of the Slumber gold system now appears to exceed half a kilometer (see Figures 1 & 2). NV Gold is also conducting a mercury-vapor survey which will be supported by additional biochemistry sampling to assist in locating potential higher-grade feeder structures." commented Thomas Klein VP Exploration NV Gold.

The Company plans further work at Slumber to include both reverse-circulation and diamond core drilling. A Plan of Operations is envisaged to allow for the larger program.

John Watson, President and CEO of NV Gold added "This years' work at Slumber continues to enlarge the dimensions of a new oxide gold system in Nevada. Our goal is the discovery of a million+ ounce gold deposit, building upon the current program's success. We believe that Slumber shows excellent potential to achieve this goal. As we have stated previously, we feel that there is great potential for new discoveries in Nevada for those willing to take the risks to explore obscured or covered areas of interest."

Figure 1 - Grade by Thickness (GxT) map showing recently discovered zone of low-grade oxide gold mineralization.

Figure 2 - Induced Polarization Line L4569000 showing correlation of gold mineralization with Low-Resistivity

Damir Cukor, P.Geo. is a Qualified Person pursuant to National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.

NV Gold (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) is a gold exploration company with ~80 million shares issued, with no debt. The Company is based in Vancouver, British Columbia, and Reno, Nevada and is focused on delivering value through mineral discoveries in Nevada, USA. Leveraging its expansive property portfolio, its highly experienced in-house technical team, and its extensive geological data library, 2022 promises to be highly productive for NV Gold.

On behalf of the Board of Directors,

John E. Watson, President & CEO

For further information, visit the Company's website at www.nvgoldcorp.com

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company's planned exploration activities, that the Company's expectations of encountering structural and stratigraphically favorable zones of higher grades are reasonable, that the drilling suggests the width of the Slumber gold system appears to exceed half a kilometer and that there is excellent potential to discover a million+ ounce gold deposit at Slumber are forward-looking statements that involve various risks and uncertainties. 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. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, the lack of continuity of mineralization, the extent to which mineralized structures extend on to the Company's Projects and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

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NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") The Company announced today an update on its active projects in Nevada, USA

Slumber Gold Project, Humboldt County, Nevada

Our Q4/Q1-2021/22 drill program at Slumber has currently completed ten reverse circulation drill holes totaling approximately 2012 meters. Two RC and two core holes remain to be drilled during the current program. Results have been received for the first five holes and are summarized in the table below (see Table 1). These holes have encountered significant thicknesses of low-grade oxide gold mineralization, distributed over an area over 800+ meters by 300+ meters with thicknesses in excess of 100-150 meters. Most the holes bottomed in gold mineralization, depth-limited by ongoing equipment challenges and ground water. Slumber is now demonstrated to be a significant low-grade gold system, open in all directions, especially down-dip. Importantly, the current drilling program has confirmed the low-resistor zones from our CSAMT work are indeed mineralized (Refer to press release on Sept. 7th, 2021). These low-resistor zones reflect hydrothermally brecciated and intensely silicifiedvolcanics with consistent gold values (see Figure 3). As reported previously, the Slumber mineralization is largely obscured by recent gravels, making surface sampling and mapping largely ineffective. Consequently, NVX has recently completed an IP/Resistivity and is undertaking Mercury-vapor and biochemistry surveys over the target area to assist in further target definition (stated Thomas Klein, VP Exploration, NV Gold).

The Company has also performed a preliminary cyanide solubility test on ten, widely distributed drill intervals with very encouraging results demonstrating high initial recoveries (+95%).

The balance of this drill campaign is now focused on testing the deeper parts of the Slumber system, further examining areas illuminated by the recent IP/Resistivity work.

John Watson, CEO of NV Gold commented "The successful work completed so far at Slumber has been technically challenging, with winter conditions, personnel constraints, water inflow challenges and slow lab results. Despite this, these results have confirmed the presence of a new, significant, oxide gold system in an unexplored area of Nevada. The gold zone remains open in almost all dimensions and has potential for higher grades at depth and within structurally-prepared zones being identified by geophysics and shallow drill intercepts. The project is now considered to be in the early-stages of a discovery. We appreciate our investors' patience during our exciting work at Slumber."

The current drilling further confirms the correlation of the alteration and mineralization to the low resistor zone identified by last year's CSAMT work. While this alteration appears promising for gold mineralization, values are expected to remain in the lower range as we continue to improve our definition of the gold system and sharpen the subsequent targeting of feeder zones. Further results from this program are expected to be received in late March or early April, again depending upon laboratory constraints related to COVID and staffing.

Figure 1 - Grade by Thickness (GxT) map showing recently discovered zone of low-grade oxide gold mineralization.

Figure 2 - Current western extension drilling at Slumber.

Figure 3 - Mineralized hydrothermal breccia from Low-Resistor zone.

Table 1 - Slumber 2019-2022 significant gold intercepts.

The Company continues its focus on Nevada and the Great Basin, one of the largest and most productive gold provinces in the world. On a regional-scale, Nevada is thought by many to be a thoroughly explored gold province. Much of the near surface gold that has been found over the past 40 years has already been mined or is being mined today. To find significant new deposits, the successful explorer needs to employ modern, more sensitive sampling and interpretive techniques and a willingness to take risks with the drill. The breadth of experience of our staff and advisors gives us our advantage. Over 50% of Nevada is covered by recent basin sediments or volcanic cover, which often obscures the classic, visible expressions of mineralization. These covered areas are composed of the same rocks with the same temporal placement as the gold deposits found in the nearby ranges. There is a strong likelihood that other, similar-sized deposits await discovery! Significant discovery potential continues to remain in one of the pre-eminent gold provinces on Earth. The Company has a strong property position with over 20 projects, ranging from Greenfields to advanced "pre-discovery". Our property portfolio covers a number of geologic environments at varying levels of advancement. Holding costs for most of these properties are minimal, particularly those that are held as joint venture or lease-out possibilities.

It is our plan to drill 4-6 projects in the 12-18-month time horizon, providing a good news flow and multiple opportunities for success. We look forward to a productive and successful exploration season ahead.

Damir Cukor, P.Geo. is a Qualified Person pursuant to National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.

NV Gold (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) is a well-financed exploration company with ~80 million shares issued, a solid treasury and no debt. The Company is based in Vancouver, British Columbia, and Reno, Nevada and is focused on delivering value through mineral discoveries in Nevada, USA. Leveraging its expansive property portfolio, its highly experienced in-house technical team, and its extensive geological data library, 2022 promises to be highly productive for NV Gold.

On behalf of the Board of Directors,

John E. Watson, President & CEO

For further information, visit the Company's website at www.nvgoldcorp.com or contact:

This news release includes certain forward-looking statements or information. 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. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, The Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

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NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(Frankfurt:8NV) ("NV Gold" or the "Company") has confirmed the correlation of a "low-resistivity zone" with known alteration and possible gold mineralization at its 100% controlled Slumber Gold Project ("Slumber") located approximately 50 miles northwest of Winnemucca, Humboldt County, Nevada, USA

The Q4-2021 drill program at Slumber has currently completed five RC (reverse circulation) drill holes totaling approximately 900 meters. The goal of this program is the confirmation of a reinterpreted geological model and correlation of alteration and possible gold mineralization with a low resistivity zone identified by last year's CSAMT work (see press release September 7th, 2021). The initial holes appear to confirm this previously untested concept.

These initial holes have been visually encouraging, extending the zone of alteration by at least 500 meters to the north, while now demonstrating significant thickness as well (+150 m). All holes into the resistor zone have encountered highly-brecciated, silicified, hematitic rocks that remained in strong alteration at termination (see figure 1). Abundant groundwater has continued to be a depth-limiting factor for the RC equipment; therefore, the Company will limit the balance of this program to testing remaining shallower resistivity zones. Follow-up drilling will be dependent upon core rig availability. Initial analytical results from this program are expected to be received in mid to late January, depending upon laboratory constraints related to COVID and staffing.

"I am very pleased with these preliminary drilling results. This drilling campaign was designed to give Slumber an additional chance to move to a pre-discovery level. I am gratified to see these intensely silicified and brecciated rocks supporting the reinterpretation of the geological model. High grades would be a success, pointing towards a discovery. NV Gold will expand the geophysical coverage and utilize core drilling equipment to test the extensive and thick piles of mineralized silicified rock possibly containing high-grade sulfide feeders,"commented Thomas Klein VP Exploration NV Gold.

After the completion of the Slumber drilling the RC rig will be mobilized to NV Gold's next encouraging project, Discovery Bay, located 50 kilometers south of Battle Mountain and 14 kilometers southeast of the McCoy-Cove property owned and currently under exploration by i-80 Gold Corp.

Figure 1: Intensely silicified and hematitic rhyolite breccia. (To view the full sized image, please click here.)

The Company continues its focus on Nevada and the Great Basin, one of the largest and most productive gold provinces in the world. On a regional-scale, Nevada is thought by many to be a thoroughly explored gold province. Much of the near surface gold that has been found over the past 40 years has already been mined or is being mined today. To find significant new deposits, the successful explorer needs to employ modern, sensitive sampling and interpretive techniques and a willingness to drill. The breadth of experience of our staff and advisors gives us our advantage. Over 50% of Nevada is covered by recent basin sediments or volcanic cover, which often obscures the classic, visible expressions of mineralization. These covered areas are composed of the same rocks with the same temporal placement as the gold deposits found in the nearby ranges. There is a strong likelihood that other, similar-sized deposits await discovery! Significant discovery potential continues to remain in one of the preeminent gold provinces on Earth. The Company has a strong property position with over 20 projects, ranging from Greenfields to advanced "pre-discovery". Our property portfolio covers a number of geologic environments and at varying levels of advancement. Holding costs for most of these properties are minimal, particularly those that are held as joint venture or lease-out possibilities.

On behalf of the Board of Directors,

John E. Watson, President & CEO

For further information, visit the Company's website at www.nvgoldcorp.com or contact: Freeform Communications at 604.245.0054

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NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") is pleased to announce that drilling has commenced at the 100% controlled Slumber Gold Project ("Slumber") located approximately 50 miles northwest of Winnemucca, Humboldt County, Nevada, USA. Drilling at Slumber will encompass up to 1,500 m in 6-8 RC drill holes

"Drilling commenced today at the Slumber Gold Project, targeting a potential shallow oxide gold system that was newly identified in our late-2020 program." commented John Watson, President and CEO of NV Gold. This marks the third phase of drilling at Slumber, with continuing progress on the property. The mineralization at Slumber is almost entirely obscured by gravel cover, making exploration challenging. This drilling marks the beginning of a multi-project drilling campaign, expected to continue through Q4 and perhaps into Q2-2022. For additional information on the Slumber program plans, please refer to the Company's press release dated 9-7-2021.

"NV Gold is entering a new stage of exploration where discoveries will be built on the foundation of a strong and aggressive Project Execution Pipeline. The new strategy of turning our focus away from the over-explored and drilled-tested mountain ranges and "trends" towards the pediment and obscured, undercover targets will pave the Company's pathway to discovery," commented Thomas Klein VP Exploration.

On behalf of the Board of Directors,

John E. Watson President & CEO

For further information, visit the Company's website at www.nvgoldcorp.com or contact: Freeform Communications at 604.245.0054

Forward Looking Statements This news release includes certain forward-looking statements or information. 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. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, The Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

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Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN) (OTCQB:GMTNF) (FRA:5XFA) reports its first-quarter 2022 summary financial and operating results. The Company's interim financial statements and related management's discussion and analysis for the three months ended April 30, 2022, is available for download on SEDAR and on the Company's website. All amounts are expressed in Canadian dollars ("$"), unless otherwise noted

In the Company's first producing quarter, Gold Mountain began start-up operations at the Elk Gold Mine to commission its newly constructed sample plant and streamline its procedures to accommodate the Elk's narrow-vein, high-grade structure.

The Elk Gold Mine also experienced challenges during commissioning with respect to both grade control and sampling processes, which resulted in lower than forecast ore production during the initial ramp-up.

The Company has implemented a number of initiatives that are expected to positively impact future mining results. They include hiring industry experts that have experience mining narrow-vein deposits, implementing a robust in-fill drill program and examining other initiatives such as preconcentration technologies. The Company anticipates that it will continue working through these initiatives during the upcoming quarter.

For the three months ended, April 30, 2022,

The Company is reorganizing its management structure which will see Ron Woo transition from the role of President to Vice-President of Permitting. Kevin Smith will be taking on the duties of the President.

The foregoing technical information was approved by Grant Carlson, P.Eng., a Qualified Person, as defined under National Instrument 43-101 and the Chief Operating Officer for the Company.

Gold Mountain is a British Columbia based gold and silver exploration and development company focused on resource expansion at the Elk Gold Project, a producing mine located 57 KM from Merritt in South Central British Columbia. Additional information is available at www.sedar.com or on the Company's new website at www.gold-mountain.ca.

For further information, please contact:

Twitter: www.twitter.com/goldmtnmine_

This includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward- looking statements include statements that are based on assumptions as of the date of this news release and are not purely historical including any information or statements regarding beliefs, plans, expectations or intentions regarding the future and often, but not always, use words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this press release include the positive impact the operational initiatives set out above will have on ore production and recovered ounces, the timing for any update to the resource estimate at the Elk Gold Project and the impact of Phase III on the Company's resource estimates. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; the price of gold; and the results of current exploration. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Gold Mountain disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For a comprehensive overview of all risks that may impact the Company, please see the Annual Information Form for the year ended January 31, 2021 a copy of which was filed on November 4, 2021 and is available on SEDAR.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

[1] The expanded case is contemplated in the Company's 2021 PEA, a copy of which is available at www.sedar.com. The 2021 PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the 2021 PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

[2] This is a non-IFRS financial measure. Please refer to the "Non-IFRS Financial Measures" section at the end of this MD&A for a description of these non-IFRS financial measures and a reconciliation to operating costs from the Company's condensed interim consolidated financial statements.

SOURCE: Gold Mountain Mining Corp

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FireFox Gold Corp. ("FireFox" or the "Company") announces that it intends to raise up to $1,000,000 by way of a non-brokered private placement (the "Private Placement"). The Private Placement will consist of up to 7,142,857 units of the Company ("Units") at a price of $0.14 per Unit. Each Unit will consist of one common share of the Company ("Common Share") and one common share purchase warrant ("Warrant"), with each whole Warrant being exercisable to acquire one common share of the Company (a "Warrant Share") at an exercise price of $0.21 per Warrant Share for a term of two years following the closing of the Offering

It is anticipated that the proceeds of the Private Placement will be used for general working capital and exploration activities on FireFox's gold exploration properties in Finland. Prior to this financing, FireFox has 112.7 million shares outstanding, 27.1 million warrants, and 7.6 million stock options issued.

The Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The Company anticipates that the Private Placement will close on or about June 28, 2022. The Company expects to pay finder's fees in association with this financing.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a huge portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

For more information, please refer to the Company's website www.firefoxgold.com and profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

"Carl Löfberg" Chief Executive Officer

FireFox Gold Corp. Email: info@firefoxgold.com Telephone: +1-778-244-8439

The information herein contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include changes in world commodity markets, equity markets, the extent of work stoppage and economic impacts that may result from the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

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Snowline Gold Corp. (CSE:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to report that it has intersected mineralization from bedrock surface in its first hole of 2022, drilled at the Rogue project's Valley Zone in Canada's Yukon Territory. V-22-005 encountered thin (1-60 mm) sheeted quartz veins through to at least its present depth of 233 metres (as of Sunday, June 12, 2022; drilling ongoing at time of writing). Seven separate veins hosting trace visible gold were observed between 39 and 220 metres downhole during initial logging. The collar location is a 154-metre step-back from 2021 hole V-21-003 which also encountered a broad zone of mineralization from the bedrock surface

Figure 1 - Closeup of V-22-005 drill core at 197 m downhole. Seven grains of visible gold (red circles) were identified along the margins of a single quartz vein here during initial evaluation of the drill core. Visible gold has also been identified in six other veins throughout the hole. Note that this figure highlights one feature of V-22-005 and is not meant to be representative of the entire hole. Assays for this and the rest of the hole remain pending. Core shown is 4.76 cm in diameter.

"Hole V-22-005 was designed to get a better sense of the width of the sheeted quartz vein arrays that constitute the Valley Zone," said Scott Berdahl, CEO and Director of Snowline. "That we encountered mineralization at surface is encouraging, as this expands the known surface width of the Valley Zone by roughly 150 metres, and the width remains open. The true significance of the mineralization awaits assay results, but we are pleased to see this initial demonstration of scale. Subsequent holes will begin to test the strike length and depth of the mineralized system."

Figure 2 - V-22-005 drill core from 200.9 to 227.5 m downhole. Sheeted quartz vein densities of between 10 and 20 veins per metre occur from 205 to 227 m downhole, within a coarse-grained biotite-hornblende diorite intrusion. Quartz vein densities are generally between 3 to 5 veins per metre throughout the length of the hole to its present depth of 233 m. Trace visible gold was identified in quartz at 211 m. Note that the image above is a composite from two photos, with a perspective warp applied to give a consistent top-down view. Assays for this zone are pending, and detailed logging of this section has yet to be completed.

Mineralization in V-22-005 comprises thin (average 3-5 mm) subparallel quartz veins with minor sulphide minerals cutting coarse-grained diorite of the Valley intrusion. Occasional thicker (up to 6 cm) quartz veins with minor sulphides have also been intersected. Small (sub millimeter) grains of visible gold were identified at around 39 m, 63 m, 88 m, 126 m, 197 m, 211 m and 220 m depth during initial evaluation of the drill core. Gold grains are associated with minor bismuthinite and/or telluride grains within the thin quartz veins. Vein densities average 3 to 5 per metre throughout the hole so far, with localized zones averaging up to 20 veins per metre.

Figure 3 - Schematic cross section showing relationship of V-22-005 to previous drilling. Instances of sub millimetre visible gold identified in initial evaluation of the drill core are denoted by yellow stars. Visible gold has now been observed in all 5 of 5 total holes drilled at Valley. Note that holes V-21-001 and V-21-002 are collared behind the section and are coming out of the page towards the viewer. The surface trace of the section is shown in Figure 4.

Assays for V-22-005 are pending, and drilling of the hole is ongoing at the time of writing. While the Company finds these visual results to be encouraging, it cautions that the significance of the observations reported herein will not be known until assays are received and reviewed. Valley is an early-stage exploration project without a resource estimate, and the presence or absence of an economically viable orebody cannot be determined until significant additional work is completed.

Table 1 - Location and orientation of V-22-005, currently underway at Valley. Project staff may change the planned depth depending on results and other factors.

Figure 4 - Location of V-22-005, Snowline's first drill hole of the 2022 exploration season, currently underway at Valley. The hole is a 154 m step back from V-21-003, which intersected 1.25 g/t Au over 168.7 m from surface. The white line from the collar location indicates current progress of the drill hole, which will be extended past its 300 m target depth if mineralization continues. A thin dark blue line denotes the section location portrayed in Figure 3.

The geological setting and style of mineralization at Rogue's Valley Zone demonstrate the presence of a bulk tonnage gold target, with similarities to Kinross's Fort Knox Mine in Alaska and Victoria Gold's Eagle Mine in the Yukon. An 800 m Phase I drill program conducted at Valley in September 2021 encountered broad zones of gold mineralization in all four holes drilled (e.g. see Snowline news release dated February 10, 2022). Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays along the margins of a mid-Cretaceous aged Mayo-series intrusion.

Valley is one of at least five bulk-tonnage gold targets present on Snowline's Rogue project. The Gracie target, roughly 4 km to the east, covers a 5.1 km gold in soil and talus fine anomaly above an unexposed felsic intrusion (see Snowline news release dated April 7, 2022). Mineralization is thought to be similar to that at Valley. Following surface work to optimize drill targeting and assuming viable targets are identified, Phase I drilling will commence at Gracie in mid-season 2022.

Figure 5 - Location of V-22-005 in the context of the broader Valley-Gracie trend. Surface geochemistry and geophysics (Z-axis Tipper Electromagnetic Survey) data suggest the presence of a potentially similar reduced intrusion related gold system at Gracie. Snowline intends to drill 3,000 m or more at Valley in 2022, and to drill the first-ever holes into the Gracie target following further surface review and targeting.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven-project portfolio covering >127,000 ha. The Company is exploring its flagship >85,000 ha Einarson and Rogue gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline's project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross' Fort Knox mine, Newmont's Coffee deposit, and Victoria Gold's Eagle Mine. The Company's first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

Figure 6 - Project location map for Snowline Gold's eastern Selwyn Basin properties. The Valley Zone on the Rogue project is the site of V-22-005, which is actively being drilled.

Information in this release has been prepared under supervision of and approved by Thomas K. Branson, M.Sc., P. Geo., Exploration Manager for Snowline and a Qualified Person for the purposes of National Instrument 43-101.

ON BEHALF OF THE BOARD

Scott Berdahl CEO & Director

For further information, please contact: Snowline Gold Corp. +1 778 650 5485 info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the Company's upcoming drill program, implied significance of visual inspection of drill core, and surface work and plans for exploring and expanding a new greenfield, district-scale gold system. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company's plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

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Peruvian Metals Corp. (TSXV: PER) (OTC Pink: DUVNF) ("Peruvian Metals" or the "Company") is pleased to provide an update on mineral processing at its 80% owned Aguila Norte Processing Plant ("Aguila Norte" or the "Plant") located in Northern Peru.

During the months of April and May 2022, the Plant completed five mineral campaigns processing a total of 4,942 metric tonnes (mt) for a yearly cumulative total of 12,514 tonnes and set a new record. This year's total production level for the first five months exceeds 2021 (9,998 mt) by more than 25%. More importantly, the Company also achieved a significant milestone in May with the processing of purchased material. Processing during the month of May included a 313 mt batch of copper material purchased by the Company, grading 3.65 % Cu and 0.80 oz/t Ag. This resulted in the Company generating and delivering 58.82 mt of concentrate to Trading Partners Peru S.A.C. located in El Callao Lima Peru. Assaying by the trader returned results for the concentrate of 17.23 % Cu, 116 g/mt Ag and 3.56 g/mt Au. The Company will continue to purchase this copper material and expects to improve its recovery and overall grade of the concentrate.

In addition, Peruvian Metals is pleased to announce it recently processed a 339 mt batch of polymetallic material, which was also purchased by the Company. Assaying by the Company returned an average head grade of 11.5 oz/t Ag, 2.79% Pb and 9.61% Zn. The processing generated two concentrates resulting in 23 mt of a Lead-Silver concentrate grading 127 oz/t Ag, 34% Pb and 14% Zn and a second Zinc concentrate grading 44% Zn and 11 oz/mt Ag. Both concentrates are expected to be shipped shortly to the El Callao Port facility as the Company negotiates with metals traders for their final sales. It is important to note that the final sale price for the concentrates will depend on assay results provided by the metal trader. The Company is currently purchasing additional material from the same miners and will process the material once an excess of 300 mt has been accumulated.

The Company has also shipped and sold 31 mt of oxide gold material from it's 50% owned Palta Dorada Au-Ag-Cu property ("Palta Dorada") to Inca One's Kori One processing plant located in Southern Peru. The average grade of the material was 8.8 g/t Au and 74 g/t Ag. The Company is continuing to open up the old workings to access the sulphide Cu-Au-Ag material for the collection of a bulk sample to process at the Company's Aguila Norte Plant. The Company will continue to ship and sell the oxide gold material to third party toll mills designed to treat this type of oxide material.

Jeffrey Reeder, CEO of Peruvian Metals, comments: "We are extremely pleased to record our first concentrate sale and our first shipment of oxide gold material to the Kori One Processing plant. These activities represent a major milestone for the Company and advance our long-stated goals to leverage our collective assets (our fully operational mineral processing plant as well as our mineral claims) to drive increased profitability and shareholder value. Profit margins per tonne of material processed from purchased material are expected to be higher compared to treating third party material. While the Company will continue to develop relationships with local miners and process third party material, we will also focus on further increasing the amount of purchased material in our overall mix of processing activities and thereby expand the profitability at the Plant from current levels. As we continue to develop the infrastructure at Palta Dorada to access the high grade sulphide mineral, we will also continue to ship the oxide gold material from this 50% owned project to third-party toll mills for sale, which we believe represents another exciting, profitable activity. As a junior mining company, we believe we have developed a very unique approach and foundation by having our own production facility now generating revenue and profits as well as owning valuable claims that we can develop."

The Aguila Norte processing plant has an environmental permit ("IGAC") from the Peruvian government which provides the Plant with the ability to expand operations past the current 100 mt per day level. Jeffrey Reeder, P Geo, a qualified person as defined in National Instrument 43-101, has prepared, supervised the preparation, or approved the scientific and technical disclosure contained in this news release.

Peruvian Metals Corp. is a Canadian Exploration and Mineral Processing company. Our business model is to provide toll milling services for clients and to produce high grade concentrates from mineral purchases. The Company continues to acquire and develop precious and base metal properties in Peru.

For further information on Peruvian Metals Corp. please visit www.peruvianmetals.com.

Peruvian Metals Corp. is a Canadian resource company listed on the TSX Venture Exchange : Symbol "PER", and the OTCQB Venture Market: Symbol "DUVNF". For additional information, contact: Jeffrey Reeder Tel: (647) 302-3290 Website: www.peruvianmetals.com Email: jeffrey.reeder@peruvianmetals.com

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.

Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. We use words such as "might", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and similar terminology to identify forward looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com.While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward looking statements and forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/127406

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Steppe Gold Ltd. (TSX: STGO) invites you to visit them at Booth #2725 at The Prospectors & Developers Association of Canada Convention (PDAC) at the Metro Toronto Convention Centre (MTCC) on Monday June 13 to Wednesday June 15, 2022.

Steppe Gold is Asia's newest gold & silver producer, having started production in 2020. They are currently focused on expanding and doubling their production profile to ~100K oz AU equivalent per annum, at Steppe Gold's 100%-owned flagship asset, the ATO Gold Mine.2022 was kicked-off with a robust foundation of paid-for inventory, healthy cashflow & recently discovered highgrade zinc deposits. The Steppe Gold team looks forward to sharing more of its action-packed expansion story in the coming year.

The World's Premier Mineral Exploration & Mining Convention is the leading convention for people, governments, companies and organizations connected to mineral exploration. In addition to meeting more than 1,100 exhibitors, 2,500 investors and 23,000 attendees in person in 2020, participants could also attend programming, courses and networking events.

The annual convention is held in Toronto, Canada. It has grown in size, stature and influence since it began in 1932 and today is the event of choice for the world's mineral industry. From 2021 it is also offered as an online event.

For more information and/or to register for the conference please visit: https://www.pdac.ca/convention/registration.

We look forward to seeing you there.

Steppe Gold Ltd. Siloni Waraich 4164324920 siloni@steppegold.com steppegold.com

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Canex Metals Inc. ("CANEX" or the "Company") is pleased to announce the results from 10 reverse circulation drill holes from the Eldorado Zone at the Gold Range Project located in northern Arizona. The Company is also pleased to announce that reverse circulation drilling has resumed at Gold Range

Assay results for drill holes GR21-69 to 78, all from the Eldorado zone, have been received and are presented here. A drill hole location map is shown on Figure 1, and a NW-SE cross section through Eldorado showing hole GR21-73 is shown on Figure 2. These holes were all step outs, mostly on the north and west side of Eldorado, and are starting to define a higher-grade central zone surrounded by lower grade material with the total zone now identified over an area 300 metres by 200 metres that remains open. Results from the Eldorado zone have exceeded expectations with 9 of the 10 step out holes intersecting gold mineralization and the majority of holes showing indications of multiple stacked mineralized horizons.

Holes GR21-73 tested the northwest side of the Eldorado zone and returned 0.6 g/t gold over 30.48 metres from 12.2 metres depth, including 1.8 g/t gold over 6.1 metres. Hole GR21-73 intersected a second zone of mineralization at depth that returned 0.7 g/t Au over 3.05 metres from 57.9 metres depth. Overall the zone appears to be getting thicker and perhaps stronger to the northwest where it remains open for expansion.

Hole GR21-69 was a 220 metre step out on the north side of the Eldorado zone. The hole intersected 3 mineralized horizons, supporting the Company's interpretation that the Eldorado zone has potential for multiple stacked sub horizontal mineralized zones and demonstrating significant room to expand the zone. Hole GR21-71 was located 130 metres south of hole GR21-69 and 100 meters north of the Eldorado zone. This hole also intersected 3 mineralized horizons, with the upper horizon also including a few metres of historic leach pad material. Holes GR21-69 and 71 support potential for significant expansion of the Eldorado mineralized zone to the northeast.

Dr. Shane Ebert, President of the Company stated, "We are very pleased to resume drilling at Gold Range and continue to test and understand this significant mineralized system which we have successfully expanded with each exploration program. Drilling will start at the Excelsior zone which is proving to be a higher-grade part of the system and will then expand outwards to test the large-scale potential of the project. The results from the Eldorado zone confirm multiple mineralized horizons over a sizable area and we look forward to additional results from the Malco and Excelsior zones which occur along strike, to better understand the potential to expand and possibly join the 3 zones into one larger deposit."

A reverse circulation drill rig has been mobilized to Gold Range and will continue to expand known zones and test new targets within the existing permit areas. A new exploration permit amendment is in progress and once received will allow systematic drill testing of the larger scale exploration potential recently defined over a strike length exceeding 3.2 kilometres and over widths up to 500 metres.

Highlights from reverse circulation drill holes GR21-69 to 78.

*Drill hole intercepts, true widths have not been determined. Grades have not been capped in the averaging. 1This composite includes 4 unmineralized samples each 1.52m (5 feet) in length.

Figure 1. Drill hole location map along the Excelsior to Eldorado trend for the Gold Range Property.

Figure 2. NW-SE Cross section through the Eldorado Zone showing hole GR21-73. See Figure 1 for section location.

Reverse circulation drilling is currently underway at Gold Range and this fourth drill program is expected to exceed 5000 metres of drilling and extend into the fall. Drilling will start at Excelsior, then test priority targets at Malco, Eldorado, and in the northern part of the claim block. Once a pending permit amendment is received CANEX will look to systematically test the larger scale potential of the main mineralized district scale structure at Gold Range which shows potential to contain multiple parallel mineralized zones across a 500 metre width.

Assay results for 18 previously drilled holes are still pending. Of these, 12 are from the southern end of the Excelsior zone, 4 are from the Malco zone, and 2 are from the Central and Lillian zones.

Reverse circulation drill cuttings were collected in numbered cloth sample bags from 5 foot (1.52m) intervals during drilling and were picked up from site and analyzed by Skyline Assayers and Laboratories in Tucson, Arizona (which is ISO/IEC 17025 accredited). A 1000g pulp was prepared and gold was assayed using a 50g fire assay with an atomic absorption finish (method FA-01-50g). Gold samples greater than 5 g/t are redone using a 50g fire assay method with a gravimetric finish (method FA-02 50g). The Company included certified reference standards, blanks, and duplicates in every sample batch and then checked to ensure proper quality assurance and quality control prior to releasing the data.

The Gold Range project is a new bulk-tonnage oxide-gold target located within an underexplored metamorphic terrain in Northern Arizona. CANEX controls 5 kilometres of strike length along a highly prospective district scale structure where mineralization is being defined through surface sampling, mapping, and reverse circulation drilling. The main exploration target defined by surface work is 3200 metres long by up to 500 metres wide with multiple subparallel exploration targets identified. The target zone remains open along strike under basin cover. Drilling by CANEX has returned strong results including 1 g/t gold over 59.5 metres, 1.6 g/t gold over 35.1 metres, 2.2 g/t gold over 24.4 metres, and 0.3 g/t gold over 62.5 metres.

Canex Metals (TSX.V:CANX) is a Canadian junior exploration company with a new gold discovery at the Gold Range Project in Northern Arizona, and high silver and gold mineralization at the Gibson property in British Columbia. CANEX is led by an experienced management team which has made three notable porphyry and bulk tonnage discoveries in North America and is sponsored by Altius Minerals (TSX: ALS) the Company's largest shareholder.

Dr. Shane Ebert P.Geo., is the Qualified Person for Canex Metals and has approved the technical disclosure contained in this news release.

For Further Information Contact: Shane Ebert at 1.250.964.2699 or Jean Pierre Jutras at 1.403.233.2636 Web: http://www.canexmetals.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.

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of Canex Metals Inc. internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of CANEX. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause CANEX's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in CANEX's filings with the Canadian securities authorities. Accordingly, holders of CANEX shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. CANEX disclaims any responsibility to update these forward-looking statements.

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