Enduro Metals Corporation reported the first Burgundy Ridge drill hole results from the 2022 drilling campaign on the Company's 100% owned Newmont Lake Project, located in the heart of British Columbia's Golden Triangle. These drill holes were designed to test down-dip of mineralization drilled in 2019 associated with a coincident IP anomaly. These first results are a proof-of-concept that highlight the correlation between the IP anomaly discovered and mineralization at depth, while supporting the continuity of mineralization across the Burgundy system in drilling by 400m along strike, remaining open both to the northeast and southwest.

The program consisted of 10,888 metres of drilling within 25 diamond drillholes. Of these, 20 drill holes were competed at Burgundy, and 5 drill holes were completed along the McLymont Fault. Further results from this drill program will be reported as they are received from the laboratory.

BR22-023 was considered successful as a proof-of-concept drill hole. It was planned to intersect the IP chargeability anomaly at depth to explore the significance of this anomaly in relation to metal abundance. Mineralization is expressed in blebby to disseminated chalcopyrite, with chalcocite observed regularly downhole.

Proving the relationship between chargeability highs and copper mineralization at Burgundy is a significant advancement that will aid vectoring efforts for all future planning. New geological/geophysical interpretations using preliminary 2022 drilling data have identified the potential source of the chargeable features at Burgundy Ridge as subvertical, syn-mineral plagioclase- phyric porphyritic intrusions with disseminated sulphides cpy>py. While this intrusive phase is syn- mineral, it is thought to be late in the mineralizing lifecycle of the Burgundy system and not the source of high copper, gold, silver, and zinc-bearing breccias seen throughout the system.

Clasts of the pre- mineral megacrystic porphyry are present in the plagioclase-phyric intrusions. The Company has begun preparations for a research and processing facility in conjunction with the University of British Columbia Okanagan near the Company's head office in Kelowna British Columbia, Canada. The 2,500 square foot facility will allow for detailed lithological, alteration, and hyperspectral studies to be performed on all drill core from the 2022 drilling campaign throughout the winter.

This has been made possible for the first time in part due to the now road accessible in-field core processing facilities the Company has adjacent to the Newmont Lake Project. Enduro Metals would like to thank Seabridge Gold and Obsidian Camps and Logistical Services for their hospitality and efforts in making these in-field facilities available to the Company.