1911 Gold Corporation reported assay results from exploration drilling at the 100%-owned Apex Property located near Snow Lake, Manitoba. Highlights: First-pass drilling at Apex intersected high-grade gold mineralization at two targets, including 9.7 g/t gold over 0.45 meters and 15.3 g/t gold over 0.65 metres, the latter within a broader zone grading 0.9 g/t gold over 20.7 metres; The Company completed 1,642 metres of drilling in six drillholes at Apex, to test high-grade shear-hosted quartz veins in two locations, as well as three large-scale IP geophysical anomalies associated with gold occurrences or major geological contacts; and Fieldwork in 2022 will further advance the gold potential at Apex and will evaluate a large linear magnetic and topographic-low feature for lithium pegmatite, which is the focus of exploration on adjacent properties with known lithium resources, associated with similar features. The Company completed six drillholes, totaling 1,642 metres, in its maiden drilling program at Apex in first quarter of 2022.

The program was designed to test high-grade quartz vein systems exposed on surface, as well as several strong, large-scale, geophysical anomalies revealed by an induced-polarization (IP) survey in 2021, utilizing Abitibi Geophysics' OreVision® IP system. The Apex property, located 15 kilometres southeast of Snow Lake, Manitoba, has strong potential for both narrow-vein and bulk tonnage gold, as well as lithium pegmatite deposits. 2022 Exploration Drilling: Four drillholes from the 2022 program were designed to test gold showings identified from historical work and the Company's recent mapping and prospecting programs, the latter yielding several high-grade assays, including 132.6 g/t gold, 69.1 g/t gold and 36.2 g/t gold from grab samples.

Three drillholes, totalling 604 metres, targeted the historical KK showing, located in strongly sheared and altered sedimentary rocks at the contact of a large granitic intrusion referred to as the Rex Lake pluton. Gold mineralization at KK is associated with intense biotite and sericite alteration with disseminated to fracture-controlled arsenopyrite and pyrite, and minor quartz veins. Highlights from historical shallow drilling at KK include 27.4 g/t gold over 2.1 metres, 24.7 g/t gold over 1.5 metres and 9.3 g/t gold over 1.6 metres, all within 50 metres of surface.

The new drillholes tested the zone over a strike of 150 metres, targeting the down-dip extents of high-grade veins and intersections of faults that splay off the main structure. All three drillholes at KK intersected moderate to strong, pervasive to fracture-controlled biotite and sericite alteration in the sedimentary rocks, associated with diffuse haloes containing up to 20% disseminated arsenopyrite and pyrite. Drillhole KK-22-003 yielded the most significant assay, returning 4.3 g/t gold over 1.2 metres, including 9.7 g/t gold over 0.45 metres.

The western-most drillhole (KK-22-001) intersected a thick zone of intense biotite alteration and heavily disseminated arsenopyrite that yielded strongly anomalous gold (0.2 g/t gold over 5.6 metres), indicating the zone remains open to the west. Drillhole RX-22-002 (449 metres) targeted a number of surface showings associated with quartz vein systems in the Rex Lake pluton. This drillhole also tested an underlying strong chargeability anomaly revealed by the IP geophysical survey, suggesting the presence of sulphide mineralization at depth.

From 95.45 to 163.0 metres, this drillhole intersected strongly sheared and fractured granodiorite containing moderate to strong biotite alteration, up to 50% quartz veinlets (with local visible gold), and up to 10% disseminated arsenopyrite-pyrite. A shear-hosted vein containing visible gold within this interval returned 15.3 g/t gold over 0.65 metres, within a broader interval of 0.9 g/t gold over 20.7 metres, thus demonstrating potential for both narrow-vein and bulk tonnage gold mineralization in the Rex Lake pluton. This significant zone of mineralization remains open in all directions.

Two additional drillholes, totalling 589 metres, targeted large-scale chargeability anomalies in areas of little to no bedrock exposure, but failed to yield significant assay results despite localized zones of mineralization and alteration similar to that observed at the KK zone and in drillhole RX-22-002. Several large-scale IP geophysical anomalies both within and external to the Rex Lake pluton remain to be tested. 2022 Field Exploration Program: The 2022 exploration program will include additional mapping, prospecting and surficial geochemistry to evaluate the gold potential of the Rex Lake pluton and its sedimentary host rocks, particularly in the vicinity of drillhole RX-22-002 to further evaluate the controls on mineralization and potential strike extensions.

Fieldwork in 2022 will also focus on evaluating a large-scale magnetic low feature in the southeast portion of the Apex property. This northwest-trending feature extends for at least 1,200 metres on the Apex property and roughly coincides with a pronounced topographic low, with minimal bedrock exposure. Similar magnetic lows are currently the focus of intensive exploration on adjacent properties, where they have been found to coincide with lithium pegmatite dikes.

These dikes are part of the larger Wekusko Lake pegmatite field, within which pegmatites tend to define clusters of northwest or northeast-trending, subvertical dikes. Fieldwork in 2022 will include mapping, prospecting, and surficial or whole-rock geochemistry to evaluate this very large-scale magnetic low for its lithium pegmatite potential.