American Pacific Mining Corp. reported the results from the 2023 Phase II rock and grab sampling program at the recently acquired Danny Boy claims and western portion of the Tuscarora Project (the ?Project?). Of the 218 samples collected, forty (40) exceeded one (1) gram per ton (?g/t?) gold (?Au?) with the highest value of 100.84 g/t Au.

The Danny Boy claims (?Danny Boy?) were acquired through the acquisition of Clearview Gold Inc. in 2023. Danny Boy is located immediately west and continuous to American Pacific?s Tuscarora Project (collectively, the ?Tuscarora District?) located in Elko County, Nevada. Highlights: 218 samples were collected during the fall 2023 exploration program, with the highest value assaying 100.84 g/t Au (2.94 oz/ton).

Two assays reported greater than 850 g/t silver (?Ag?) with a high value of 1305 g/t Ag (38.07 oz/ton). Forty samples from the campaign assayed greater than 1 g/t Au, with 22 returning greater than 3 g/t Au. Anomalous samples were collected from a variety of different rock types and textures, including veins and silica flooded volcanic rocks, indicating multiple mineralizing events and styles.

Tuscarora was the site of historical production and this latest phase of rock sampling provides further evidence of significant grade, while highlighting the remaining potential within the now consolidated Tuscarora District. In addition to the significant results from surface sampling, previous drilling at Tuscarora has returned high-grades, including 2.48 g/t Au over 13.72 metres (?m?), including 12.13 g/t over 1.52 m at the South Navajo Target; and 6.89 g/t Au and 29 g/t Ag over 1.52 m at the within broader low-grade intervals at the Modoc Target. A number of the target areas have seen limited to no drilling (e.g. the Grand Prize Target) and the Company believes that further systematic exploration work will further refine existing targets and define new targets to pursue in subsequent campaigns.

American Pacific believes additional soil and rock chip sampling along with CSAMT and gravity survey coverage would result in a number of high priority drill targets and the Company is exploring potential joint venture opportunities to advance exploration work more aggressively in 2024 to ensure the Project is progressed with the type of budget and program that is warranted given the property scale, grade profile and emerging target areas. Additional target concepts are being evaluated at Danny Boy in the deeper Paleozoic sedimentary rocks which host world-class deposits along the nearby Carlin and Independence Trends. The geologic setting at Danny Boy is highly conducive for high-grade skarn and CRD development in the carbonate rock sequence and has never been contemplated or tested as the historical focus has been on the prolific epithermal vein systems. The Tuscarora District is located in Elko County on the east flanks of the 40-million-year-old Mt Blitzen caldera/volcanic complex.

The age of the mineralization is roughly equivalent to that found along the prolific Carlin, Cortez and Independence Trends in northern and central Nevada. The nature of the mineralization is typical of this geologic setting and is comprised of high-level epithermal gold, gold/silver, electrum and silver veins. Host rocks consist of welded tuff, volcaniclastic sediments, andesite flows and domes.

The district was discovered through placer mining in the late 1860s and underground mining began in 1870 with three mills being erected. Mining terminated in 1915 and the district has had sporadic exploration efforts since 1980.