1911 Gold Corporation reports that it has received assay results from 20 drillholes completed in the Tinney and Bidou project areas as part of the first phase of 2022 exploration drilling at its 100%-owned Rice Lake Gold Property in Manitoba. For 2022, the Company's exploration program will include two phases of exploration drilling as well as the regional field program with the goal of advancing and expanding the company's pipeline of projects at Rice Lake, while also advancing the Apex and Denton-Keefer (Timmins, Ontario) properties. The Company completed 35 drillholes during the initial phase of drilling, totaling 9,202 metres, to test multiple targets at the Bidou, Tinney and Wallace projects on the Rice Lake Gold Property, and to test several targets on the Apex (Snow Lake) Gold Property in northern Manitoba.

The Company completed 5,028 metres of exploration drilling at Tinney and Bidou, including 12 drillholes (3,245 metres) to follow-up on four priority targets from the Company's previous drilling, and 8 drillholes (1,783 metres) to test four new targets generated by the field exploration program. Exploration drilling at Tinney focused on the northern section of the Gunnar porphyry intrusion, testing favorable structures in the porphyry and its host rocks, over a strike length of 1.8 kilometres. Previous drilling by the Company indicates that the porphyry was a significant conduit for gold-bearing fluids, analogous to Sigma-Lamaque in the Val d'Or camp, with extensive quartz vein systems associated with pervasive alteration and local high-grade gold.

Drilling at the Edna-Otter target had three objectives: complete a fence of shallow drillholes (EO-22-029, -030, -031 and -034) to test, at roughly 60 metres vertical depth, the continuity of a modeled structure at the upper contact of the porphyry that returned high-grade intercepts from previous drilling (e.g., 8.1 g/t gold over 5.7 metres in EO-21-005); test the northwest and northeast plunge-extensions of structural intersections predicted from the Company's detailed 3D model (EO-22-021 and -024); complete a deeper drillhole to test the porphyry down-dip beyond the limits of previous drilling, to confirm depth continuity of the mineral system (EO-22-026). Drillhole EO-22-026 — the deepest yet completed at Edna-Otter at 533 metres — intersected the porphyry over a core length of 145 metres, from 334 metres downhole, encountering over 70 metres of sheeted quartz veins, alteration and sulphide mineralization that returned sporadic anomalous values up to 0.4 g/t gold, thus confirming the mineral system continues to depth. Drillhole EO-22-024 tested down-plunge to the northeast on the porphyry, yielding 32.2 g/t gold over 0.7 metres from a laminated quartz vein with visible gold just above the upper contact.

Although the shallow fence of drillholes consistently intersected the modeled structure at the upper contact of the porphyry, assays yielded erratic gold values over narrow widths. Steep and flat veins adjacent to the target structure returned local high-grade intercepts over narrow widths (11.1 g/t gold over 0.9 metres in EO-22-031; 10.6 g/t gold over 0.5 metres in EO-22-034), highlighting the complexity of structures and veins within the porphyry. Newly acquired data from the 2022 drilling at Edna-Otter will be utilized to revise and enhance the 3D model for this target and evaluate additional drill targets.