Vancouver, British Columbia - American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF / FWB: 1QC) ('American Pacific' or the 'Company') is pleased to report high-grade gold ('Au') and copper ('Cu') rock chip samples from a program conducted by Kennecott Exploration, a division of the Rio Tinto Group, at the Madison Copper-Gold Project ('Madison' or 'the Project') in Montana. Madison is under a joint-venture earn-in agreement, whereby Rio Tinto may earn up to 70% of the project by spending US$30 million.

A total of 73 rock chip samples were collected from 5 specific exploration targets: the Archean Section, America Pit; Devonian Jefferson Dolomite; Hudson Mine; and Western Skarn Contact, each of which contained high-grade samples (see Fig 1).

'American Pacific is particularly encouraged by the high-grade gold values obtained from this program which confirm a large mineralized system,' stated President Eric Saderholm. 'Surface gold and copper mineralization occurrences within this system have been identified over an 11 square kilometre area. A major thrust fault zone, the Silver Star Fault, dissects the property placing older Precambrian rocks against and above the favourable Paleozoic carbonates and the Radar Creek intrusive complex, the probable source of the Madison mineralization. The Silver Star Fault system appears to be related to a deep crustal fault zone that connects to the Butte porphyry deposits located 38 kilometres to the northwest. All five targets present significant exploration possibilities within the district. The Archean target is virtually untested and is of particular interest to our geologists due to the pronounced geophysical anomalies and the coincident historic gold values of up to 48.5 grams per tonne.'

About American Pacific Mining Corp.

American Pacific Mining Corp. is a base and precious metals explorer and developer focused on opportunities in the Western United States. The Company's flagship asset is the 14 million tonne, high-grade, Palmer Volcanic Massive Sulfide (VMS) project in Alaska, under joint-venture partnership with Dowa Metals & Mining, owner of Japan's largest zinc smelter. The Company is also partnered with Kennecott Exploration, a division of the Rio Tinto Group, on the past-producing Madison Copper-Gold project in Montana. For the Madison transaction, American Pacific was selected as a finalist in both 2021 and 2022 for 'Deal of the Year' at the S&P Global Platts Global Metals Awards, an annual program that recognizes exemplary accomplishments in 16 performance categories. Also in American Pacific's asset portfolio are the Gooseberry Silver-Gold project and the Tuscarora Gold-Silver project: two high-grade, precious metals projects located in key mining districts of Nevada, USA. The Company's mission is to grow by the drill bit and by acquisition.

Contact:

Warwick Smith

CEO & Director

Corporate Office

Suite 910 - 510 Burrard Street Vancouver

BC, V6C 3A8 Canada

Investor

Kristina Pillon

High Tide Consulting Corp.,

T: 604.908.1695

E: Kristina@americanpacific.ca

Media

Adam Bello

Primoris Group Inc.

T: 416.489.0092

E: media@primorisgroup.com

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