Angus Gold Inc. announced assay results from a surface channel sampling program that was completed as part of the Summer 2023 exploration program on its 100%-owned Golden Sky Project in Wawa, Ontario. The entire 21 metres length of the channel sample contained gold mineralization with the highest-grade samples running 4.44 g/t Au over 1.0 metre, 2.45 g/t Au over 1.0 metreb, 2.16 g/t Au over 1.0 metre and 2.04 g/t Au over 1.0 metre. These results confirm continuity of the BIF Gold Zone from surface to 250 metres vertical depth, where it has been intersected by Angus?

2022 and 2023 drill programs. In addition, the results confirm that the highest grade gold mineralization is present within a newly interpreted shear zone in the banded iron formation. The channel sample was cut in a north-south orientation, perpendicular to the strike direction of the BIF gold zone. The channel measured 21 metres in length and individual samples ranged in length from 0.5 to 1.0 metre.

The highest-grade gold results were associated with an east-west oriented shear zone, along the northern end of the outcrop and with folding observed in the BIF. The Golden Sky Project: 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 an indicated 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).

For greater details on the Golden Sky Project, please refer to the NI 43-101 technical report for the Golden Sky Project entitled, ?NI 43-101 Technical Report Wawa Property Ontario, Canada? dated February 18, 2020, and available on the Company?s SEDAR profile.