Avidian Gold Corp. announce that it has completed the purchase of the Golden Zone property in Alaska by making the final cash and share payment under the Golden Zone purchase agreement dated November 21, 2016 to acquire the Uplands Mining Lease and Millsite Lease. Upon closing, the Deed in Trust will be transferred to Avidian.

The district-scale Golden Zone property is strategically located midway between Anchorage and Fairbanks and only 10 km west of paved State Highway 3, the Alaska Railroad, and the 345 kV Alaska power lines. The 141.1 sq km property is comprised of State of Alaska claims, a Millsite Lease and most importantly an Uplands Mining Lease which is valid until 2050 and hosts the Breccia Pipe Deposit. The Breccia Pipe Deposit has a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces hosted within a monzodiorite intrusive that is mineralized and has yet to be fully drill tested.

The other most significant gold prospect within the 2,920 acre Uplands Mining Lease is the Mayflower Extension Zone with mineralization that is situated directly adjacent to the Breccia Pipe deposit that has been traced for 600 m by drilling and remains open long strike to the northeast and at depth. Some of the significant drill assays from the MEZ include 15.24 of 2.03 g/t Au within 46.63 m of 1.08 g/t Au, 4.57 m of 2.87 g/t Au, 3.05 m of 11.70 g/t Au, 6.10 of 2.14 g/t Au, 21.6 m of 1.46 g/t Au and 5.74 m of 3.72 g/t Au with mineralization from surface to a shallow depth of less than 100 m and open at depth. Since 2017, the Company has mapped, sampled and trenched; conducted and or reinterpreted MAG/EM, IP/Resistivity and CSAMT geophysical surveys as well as LiDAR using fixed-wing and Unmanned Aerial Vehicles totaling 1,777 kilometers; and drilled 50 core and RC holes at Golden Zone totaling 8,688 m during three separate drilling campaigns and staked additional ground that now covers a 19 km long mineralized gold and copper trend The Copper King area occurs within amineralized corridor, which is characterized by Cu-Au-Ag mineralization in a variety of geological settings over a 2 km long strike length.

Mineralization is typically proximal to a distinct quartz-eye granite porphyry which locally contains disseminated molybdenite and chalcopyrite. Mineralization styles at Copper King occurring within 250 m of a granite outcrop include: i) replacement mineralization in conglomerate such as seen in that encountered 21.0 m of 0.13 g/t Au, 13.1 g/t Ag, and 0.45% Cu and 3.0 m of 16.08 g/t Au, 50.6 g/t Ag and 0.78% Cu; ii) massive sulphide skarn mineralization such as 9.1 m of 8.71 g/t Au, 80.8 g/t Ag, 3.57% Cu, iii) tockwork quartz mineralization that returned 4.8 g/t Au, 106 g/t Ag, 1.41% Cu; iv) quartz-sulphide vein mineralization that returned 6.1 m of 1.09 g/t Au, 9.17 g/t Ag and 0.36% Cu; and mafic dike-related mineralization hat returned 1.44 g/t Au, 87.5 g/t Ag, 3.29% Cu. Avidian's Southwest Prospects collectively consist of at least 5 large gossanous gold-bearing zones, all within the same stratigraphic sedimentary rock package defined along a NE-SW direction over a strike length of +4.5 km in the southwestern portion of the 19 km mineralized trend that extends across the entire Golden Zone property.

Each of the prospects has only been sparsely sampled due to challenging topography and has yet to be fully assessed or sampled in-between each of the currently known prospect areas. Some highlights of the Southwest Prospects are as follows: At the JJ prospect grab samples in gossan zones ranged from 2.08 g/t Au to 6.14 g/t Au and samples from interbedded siltstone sediments ranged from 0.098 g/t Au to 0.965 g/t Au. The mineralized gossan can be traced over an area of 400 m x 150 m x 100 m and open in all directions.

Approximately 200 m to the southwest of the JJ prospect is the J4 prospect. The J4 prospect has been intermittently sampled across an approximate stratigraphic thickness of 120 m. The area between the JJ and J4 prospects remains open and unsampled. The JJ-J4 prospect area extends over a combined strike length of >650 m and is approximately 120 m wide and 300 m in height to the valley floor.

A new zone of gold mineralization called CC was discovered approximately 750 m southeast of the JJ discovery area with samples up to 0.43 g/t Au and 1.2 g/t Ag from float samples collected in steep terrain at the base of a talus slope located directly below the source outcrop. This new mineralized area has yet to be fully sampled. The MJ prospect, located approximately 2,750 m to the southwest of the J4 prospect returned results ranging from 0.10 g/t Au to 5.17 g/t Au.

This sulfide-rich gossan zone has been defined over an area of 800 m x 300 m x 100 m and remains open along strike in both directions. Prospecting at the Silver Kitty area (approximately 850 m to the southwest of MJ prospect) yielded an assay result of 2.42 g/t Au and 12.35 g/t Au. The Silver Kitty prospect to date has been outlined over a 500 m wide by 300 m high gossanous slope that trends northwest-southeast and is perpendicular to the MJ prospect.

Immediately west of the Silver Kitty occurrence, described as a chalcopyrite-bearing and sphalerite-bearing skarn adjacent to a porphyritic stock, a grab sample returned 12.5 g/t Au. This sample is located approximately 500 m southwest and on-trend with the MJ discovery. The Company also wishes to announce that it has entered into loan facility agreements with certain private lenders for gross funding of $150,000.

The Financing be conducted through the issuance of unsecured loan facility units issued to the subscribers on a private placement basis. The Financing is fully subscribed and is expected to close on or about July 31, 2023. The Principal Amount shall be due and repayable in full upon the passage of 18 months from the closing of the Financing, or upon the occurrence of a liquidity event, whichever is earlier.

The Liquidity Event shall mean any arms-length financing of the Company or any disposition of assets of the Company. On the Maturity Date, a commitment fee in the amount of $22,500 shall be due and payable to the Subscribers by the Company in addition to the Principal Amount.