Discovery Harbour Resources Corp. provided an update on its Fortuity 89 and Caldera low sulphidation epithermal gold projects in the Walker Land Gold Belt of Nevada. Newcrest Resources Inc., a wholly owned subsidiary of Newcrest Mining Limited ("Newcrest"), commenced its Fortuity 89 drill program in late January.

Five reverse circulation drill holes have been completed for 1,663 metres. Samples have been submitted by Newcrest for assay and results are pending. At Caldera, Discovery Harbour has undertaken a detailed evaluation of the 2021 drill data and the full property wide data set.

As well as Discovery Harbour's current consultants, two other well respected consultants have been engaged for the detailed evaluation, one focused on an evaluation of the spectral data and the other on the Caldera low sulphidation epithermal gold system. The data review is expected to be completed by late May. The 2021 drill data included spectral data as well as the drill core analytical results and logs.

The extensive property data includes mapping, rock and soil analytical data, limited magnetic geophysics and historical reverse circulation drilling analytical results. Alan Morris, CPG, is the Qualified Person for Discovery Harbour as defined in NI 43-101 and has reviewed and approved the technical contents of this news release.