Cassiar Gold Corp. provided an exploration program update at its Cassiar Gold Project in northern British Columbia, Canada. Highlights: Drill campaign progressing with over 14,500 metres completed, with initial results received and to be released shortly.

11,465 m of drilling has been completed at Cassiar North, including: 8,367 m of drilling completed at the Taurus Deposit in the Cassiar North area, comprising 15 step-out drill holes, 5 infill holes, with an additional 5 holes testing both infill and expansion targets. 3,098 m of drilling in 10 drill holes completed at priority outlying targets including the Wings Canyon and Newcoast targets. 3,199 m of drilling have been completed at Cassiar South in 8 step out and exploration holes near the Main Mine and Bain target areas.

Data collection phase of an induced polarization survey has been completed in the Cassiar North area. The Company's 2023 drill campaign, which commenced on June 1st, remains ongoing with active drilling at the Lucky prospect in the Cassiar North areas, which is projected to conclude this fall. The program will consist of approximately 50 drill holes at both the Cassiar North and Cassiar South project areas including brownfields and regional targets within the 59,000-hectare land package.

Forty-three of the planned holes have now been completed. In addition to the drilling, the company has recently completed geological mapping and sampling, a soil survey and IP over prospective areas in the northern Cassiar property which will form a basis for the future drill targeting of priority target areas. Cassiar North project area - Taurus Deposit.

Target areas tested include the Sable, Taurus West, Southwest, and East parts of the deposit. Additional drilling also tested a broad, gently SSE plunging higher grade mineralized shoot along the Taurus West Fault which carries high potential to contribute to near-term expansion of mineralization laterally and internal to the Taurus resource. Results are being received and will be disclosed as reviewed and interpreted.

The 2023 campaign has prioritized a component of drill testing at high-priority outlying target areas within the Cassiar North project area. A total of 8 holes and 3,199 m of drilling has been completed At multiple vein targets at the Cassiar South project area on Table Mountain with results pending in the following target locations: Main Mine: Four drill holes have been completed for a total of 1,556 m drilled. Bain Vein: Three drill holes were completed, for a total of 1,312 m drilled at the East Bain Extension, while one 331 m drill hole was completed at West Bain.

Drill holes at East Bain Extension tested the eastward extension of a new offset segment of the Bain vein system identified during the 2022 drill campaign, as well as potential for additional parallel vein sets. The data collection phase of an approximately 50 line-km induced polarization (IP) survey, conducted by Dias Geophysical, was completed at the Cassiar North project area over and surrounding the Taurus deposit and outlying target areas. The field data collection phase of a focused geological and structural mapping and sampling program was completed at Cassiar North overlapping with the area of the IP survey.

Field data and pending assay results will be used to establish a surface and cross sectional geological interpretation to be integrated into targeting efforts and IP survey results with the intent to identify new areas for follow up in 2024. Field work completed during the 2023 field program will directly contribute to the ongoing target development on the district scale property. In particular, this news release contains forward-looking statements pertaining, directly or indirectly, to the Company's exploration plans and work commitments, mineral resource estimates and the assumptions underlying such estimates, and economic factors, business and operations strategies.