Cassiar Gold Corp. reported the results of surface exploration conducted across extensive parts of the northern Cassiar Gold Property in northern British Columbia during the 2023 exploration program. The Cassiar Gold Property hosts several regional prospects with potential to host Taurus-style mineralization in outlying areas to the Taurus bulk-tonnage Inferred gold resource of 1.4 million ounces grading 1.14 grams per tonne (g/t) gold (Au) [1] .

The surface program was designed to provide a geological, geochemical and geophysical base for exploration beyond established drill targets, and enhanced geological context to support expansion of known deposits and targets. Results from this field program, conducted concurrent to the Company's 2023 diamond drill program, highlight several priority exploration targets, while newly acquired 3D DC-resistivity and induced polarization (DCIP) survey data covering 12km2 has identified multiple anomalies that will contribute to 2024 program planning. Highlights: Field crews have identified new mineralization trends at Cassiar North regional prospects through a combination of geological mapping, surface rock sampling as well as soil sampling.

Surface rock samples results: discovered the new Auroch mineralized showing, including a 9.82 g/t Au grab sample with visible gold and 20.30 g/t Au in float, expanded significant surface mineralization at multiple regional prospects, including up to 2.5 km to the east along the Newcoast target corridor, and 250 m to the southwest at the Hopeful prospect. Multiple gold anomalies were identified in soil sample results, coincident with major mapped structural trends and limited surface rock sample data, and remain open beyond the extent of the survey sample grid Lineaments observed in recent DCIP survey 3D inversion products suggest the presence of a series of northwest and northeast trending features, concordant to the orientation of mineralizationcontrolling structures commonly observed at the Cassiar North project area. These features coincide with areas of carbonate-sericite alteration and vein development that have the potential to host or control additional areas of mineralization.

Geological Mapping Field crews from Equity Exploration Consultants and the Company conducted geological mapping in the Cassiar North project area between August and October, 2023. The area of interest covered a 40km2 footprint peripheral to the Taurus inferred mineral resource in areas and had seen little or no previous mapping. Outcrops were typically encountered along topographic highs, creek beds, and along road cuts and disturbances.

Bedrock exposure is sparse in topographic lows and areas of gentle relief. Over 1,800 individual outcrop stations were located, mapped, described and selectively sampled. Mafic volcanic rocks were the predominant lithology observed, which is the host unit for veining and mineralization in the map area.

Broad overprinting alteration envelopes are commonly associated with shear and extensional veining hosted within the mafic volcanics often along geological contacts, including quartz-ankerite+pyrite, quartz-sericite, and calcite. Argillite and listwanite exposures were observed to have a northwest-southeast dominant foliation and shear zone development with associated alteration along, or defining the contacts of these units. A series of repeating, northwest-trending shear veins and brittle fault structures, interpreted to represent brittle reactivation of an earlier ductile event, were observed in the central portion of the map area and at the Snow Creek prospect in the east.

Quartz veins may contain little sulphide mineralization and occur as northwest-trending shear vein structures, commonly observed proximal to contacts between mafic volcanics and adjacent weaker units, and high density sets of narrow sheeted northeast-striking extensional veins with extensive alteration envelopes.