Carlyle Corporation announced that is has received assays from its first drill hole at its 100% owned Newton Gold-Silver Project near Williams Lake, British Columbia. The Newton Gold-Silver Project is a low sulphide epithermal system. The system remains open in multiple directions, within a highly prospective land package that is workable year-round.

This first hole completed by Carlyle was drilled to test the continuity of the main mineralized felsic volcanic domain, which historically had not been adequately tested below approximately 500 meters depth. The hole was successful in confirming the felsic domain is much more extensive than previously understood. The positive feedback of this initial hole is a key step in confirming the Newton Gold-Silver Project hosts numerous opportunities to potentially expand the current inferred resource and define new mineralized zones.

Drill hole (N23-089) totalling 1,001 meters has confirmed continuity of the well mineralized main felsic volcanic domain,which remains open at depth and in multiple directions. Highlights include: From top of bedrock, intersected 689m (18 - 707m) of continuous consistent well mineralized bulk tonnage mineralization grading 0.51 g/t Au, 1.48 g/t Ag (0.52 AuEq g/t). Higher grade zone discovered approximately 50 metres below the current resource grading 1.24 g/t Au,1.16 g/t Ag over 30m (413 - 443m) Extends the known mineralization approximately 345 m beyond the inferred resource limits, opening up significant volumes of rock for potential resource expansion.

Much of the drill hole intercepted the permeable felsic volcanic unit conducive to gold deposition, which hosts the majority of the inferred resource. The Newton Project contains a current National Instrument 43-101 ("NI 43-101") Resource Calculation which utilizes optimized pit shell constraints to fulfil the requirement for "reasonable prospects for eventual economic extraction". The inferred mineral resource contains 861,400 oz of Au, and 4,678,000 oz of Ag with an average grade of 0.63 g/t Au, a cut off of 0.25 g/t Au throughout 42,396,600 tonnes.

The Newton Project deposit remains open in multiple directions with potential for increased size, grade, and additional mineralized areas. The current inferred mineral resources occupy only approximately 7% of the area of an underling broad induced polarization ("IP") anomaly. Immediate areas for follow up include south and southwest of the current inferred mineral resource, where historic drilling has intercepted mineralized volcanics, which are not part of the Updated Newton Resource Calculation, as well as down dip to the southwest, where the mineralization remains open.