Vancouver, British Columbia - Angel Gold Corp. (TSX.V: ANG) ('Angel Gold' or the 'Company') announces that, further to its news releases of May 2, 2022 and May 9, 2022, it wishes to provide an update on its fundamental acquisition (the 'Acquisition') of the Amanecer Lithium Project, a mining project referenced as Expte. No. 17.745 located in Salta Province, Argentina (the 'Project').

The Technical Report on the Project is currently under review by the TSX Venture Exchange (the 'Exchange') and the Company expects to receive conditional approval shortly from the Exchange. Following receipt of Exchange approval to the Acquisition, the Company will issue a news release confirming closing of the transaction and lifting of the trading halt for the Company's common shares.

Contact:

Christopher P. Cherry

Interim CEO and Interim CFO

T: 604.737.2303

E: chris@cherryconsulting.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

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