79North Inc. report the results of the first five drill holes of the Phase 2 drilling program of the Nassau gold project, Suriname, with hole NP-22-05 cutting multiple zones of gold mineralization on the Witlage gold zone including 2.2 metres grading 2.00 grams tonne gold. It is anticipated that approximately 20 drill holes in total will be completed. As of this date 10 holes have been drilled and await assays from drill holes that are in areas of new gold occurrences (Ziti, Filini, and Witlage extension) which have very positive surface sampling results announced in May and June 2022.

Drill holes NP-22-1 to 4 were drilled in the southeast end of the Witlage shear zone and NP 22-5 is the first hole drilled in the newly exposed northwest end of the Witlage shear zone that is 1,000 m long as currently defined. For context of these sample grades, the grade of the Newmont Merian Mine, 20 kilometres northeast of the Nassau concession is approximately 1.2 grams gold per tonne.