Calgary - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) ('Cassiar Gold' or the 'Company') is pleased to provide a mid-season exploration program update at its flagship Cassiar Gold Project in northern British Columbia, Canada.

Highlights

Drill campaign ahead of schedule with over 13,000 metres completed of the planned 20,000-metre drill program, with initial results expected by early September.

8,198 m of drilling has been completed at Cassiar North including: 7,373 m of drilling completed at the Taurus Deposit at Cassiar North in 17 step-out and six infill holes and 825 m of drilling completed at Wings Canyon at Cassiar North.

5,041 m of drilling have been completed at Cassiar South in seven step-out and two exploration holes.

Exploration is underway at regional target Wings Canyon with fieldwork planned at the Lucky and Snow Creek targets.

Geological and geochemical review of the gold mineralization at the Taurus Deposit is underway to support future metallurgical domaining.

The current rate of drill production may allow for the program to exceed 20,000 metres.

'We are grateful to the tireless and dedicated team and crew at site for an extremely productive drill season to date,' stated Marco Roque, President and Chief Executive Officer. 'Due to high drill productivity and thanks to the closing of our recent insider-led private placement, we are well funded and evaluating opportunities to increase the number of metres drilled for our 2022 drill campaign. We look forward to reporting initial results from our program in the coming weeks and to updating the market on our final program once the drill campaign wraps up in October.'

About Cassiar Gold Corp.

Cassiar Gold Corp. is a Canadian gold exploration company holding a 100% interest in its flagship Cassiar Gold Property located in British Columbia, Canada. The Cassiar Gold property spans 590 km2 and consists of two main project areas: Cassiar North, which hosts a NI 43-101-compliant inferred resource estimate of 1.4Moz at 1.14 g/t Au (cutoff grade of 0.5 g/t) known as the as the Taurus Deposit and Cassiar South which hosts numerous gold showings, historical workings, and exploration prospects. Historical underground mines in the Cassiar South area have yielded over 315,000 oz of Au at average head grades of between 10 and 20 g/t Au (BC Minfile), underscoring the high potential for further discovery and expansion of high-grade orogenic gold veins.

The Company also holds a 100% interest in the Sheep Creek gold camp located near Salmo, BC. The Sheep Creek gold district ranks as the third largest past-producing orogenic gold district in BC with historical gold production of 742,000 ounces gold at an average grade of 14.7 g/t gold from 1900 to 1951. Minimal exploration work has been conducted since the 1950s.

Contact:

Shirley Anthony

Tel: 1-778-999-2771

Email: Shirley@cassiargold.com

Forward-Looking Statements

This press release may contain forward-looking statements including those describing Cassiar's future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Cassiar and its management. In particular, this news release contains forward-looking statements pertaining, directly or indirectly, to the Company's exploration plans and work commitments.

Although Cassiar believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties, actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, general economic, market or business conditions, risks associated with the exploration and development industry in general (e.g., operational risks in development, exploration and production; the uncertainty of mineral resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraint in the availability of services, commodity price and exchange rate fluctuations, the current COVID-19 pandemic, changes in legislation impacting the mining industry, adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.

Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in the documents accompanying this release, as the case may be. The Company undertakes no obligation to publicly update or revise any forward-looking statements except as expressly required by applicable securities laws.

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