Damara Gold Corp. announced that further to consultation with the BC Ministry of Energy, Mines, the Lower and Upper Similkameen Indian Bands, Damara has received approval for its Application for Mines Act Permit (the "Permit") for its Placer Mountain Project located approximately 35km south of Princeton, British Columbia for a five year period. Diamond drilling at Placer Mountain is planned to resume this summer and will focus on expanding intersections reported in April 7, 2022 News Release.

The program will also look to include several other untested, high priority, Au in soil geochem anomalies identified within the 600m wide by 1.5 km Kodiak zone. Receipt of the Permit now allows for the Company's technical team to move forward on the preparation and budget for its planned 2023 field season program.