Finlay Minerals Ltd. reported that Cascadia Minerals Ltd. ("Cascadia") (formerly ATAC Resources Ltd.) has fulfilled its Year 2 obligations pursuant to the PIL Property Option Agreement (the "Option Agreement") dated February 28, 2022. Pursuant to the Option Agreement, Cascadia may exercise the option to acquire a 70% interest in the Property by making aggregate cash payments of $650,000, share payments having an aggregate cash equivalent value of $1,250,000 and incurring an aggregate of $12,000,000 in exploration expenditures in staged amounts on or before December 31, 2026. Following the exercise of the Option agreement, Cascadia and Finlay would hold interests in the Property of 70% and 30%, respectively, and a joint venture would be formed.

Results of the 2023 PIL field work program will be reported by Cascadia when all results are received and duly compiled. The PIL Property is located in the heart of the Toodoggone mining district of north-central British Columbia. Multiple porphyry copper-gold and vein-related gold-silver targets have been identified on the PIL and it is neighboured by TDG Gold Corporation's Sable/Baker Property, Canasil Resource's Brenda Property, AMARC Resources/Freeport - McMoRan's joint-ventured Joy Property and Skeena Resource's Sofia Property.

The PIL Property is 25 km northwest of the former Kemess South Mine and property and is 15 km east of Thesis Gold's Lawyer's Project.