Angus Gold Inc. announced assay results from fourteen (14) holes drilled during the Summer 2023 drill program on its 100%-owned Golden Sky Project in Wawa, Ontario. The 2023 drilling program on the BIF was designed to begin infill drilling between the 2022 drill holes which, in many cases were spaced at greater than 200 metres. Additional holes were planned to test for continued strike extension of the zone and lastly, parallel geophysical trends were to be tested to explore for new gold zones.

The low-grade results from these holes, in addition to two holes completed during the 2022 BIF drilling campaign, indicate there is gold mineralization elsewhere in the BIF system and continue to fuel the exploration efforts to find a parallel gold horizon. The 2023 drilling program at the Golden Sky drilling program are, as follows: Strike length of the Banded Iron Formation ("BIF") now defined as 1.0 kilometre; Infill and expansion drilling within the BIF exploration area continues to confirm continuity and scale of extensive gold system. Results confirm a consistent, thick mineralized system with intervals of up to: 61.3 metres of mineralization grading 1.0 g/t Au, including 1.0 metre of 6.6 g/t Au and 11.0 metres of 2.1 g/t Au in Hole GS23-080; 13.0 metres of 1.1 g/t Au, including 5.0 metres of 2.2 g/t Au in HoleGS23-090; and 31.1 metres of 0.9 g/t Au, including 15.5 metres of 1.3 g/t Au in Hole GP23-094; Assays expected shortly for three (3) additional drillholes completed as part of the Summer 2023 drill programs on the Dorset Zone; Fall drilling program on new gold targets just north of Wesdome's Eagle River Mine to commence in October.

The 2023 drilling program On the BIF was designed to begun infill drilling between the 2022 drilling holes which, in many cases are spaced at greater than 200 metres; Additional holes were planned to test to test for continued strike extension the zone and lastly, Parallel geophysical trends were to be test to explore for new gold zones; The low-grade results from These holes, in addition to two hole completed during the 2022 BIF drilled campaign, indicate there is gold Mineralization elsewhere in the BIF System and continue to fuel the exploration initiatives to find a parallel gold horizon. The 100%-owned Golden Sky Project is located within the Mishibishu Lake Greenstone Belt of Northern Ontario, which is host to the high-grade Eagle River and the Mishi open-pit gold mines of Wesdome Gold Mines Ltd. . The Company?s 280-square-kilometre land package is located approximately 50 kilometres west of the town of Wawa and is situated immediately between the two Wesdome mines.

The project is host to the near-surface Dorset Gold Zone, which contains a historic estimated resource (using a 0.50 g/t Au cut-off) consisting of anindicated resource of 40,000 ounces of gold (780,000 tonnes grading 1.4 g/t Au), and an inferred resource of 180,000 ounces of gold (4,760,000 tonnes grading 1.2 g/t Au).