Exploits Discovery Corp. announced it has identified four new exploration target areas proximal to the Appleton Fault structure which transects its Bullseye gold property, located in Central Newfoundland. The Company is also releasing its drilling results from an initial, 12-hole program, testing the potential strike extension of New Found Gold Corp.'s ("NFG") Jackpot gold zone announced in 2023.

Highlights: Four new target areas have been identified on the Bullseye gold property. All four are located within a kilometre of NFG's recent exploration success at Everest, Honeypot, K2 and now Vegas gold zones located along of Appleton Fault Zone. Target Area A: This area covers the interpreted extension of the east-trending structure crossing onto the Company's Bullseye claim from NFG's Honeypot gold zone.

Target Area B: Covers an area where the interpreted eastward-trending extension of NFG's Everest gold zone crosses onto the Bullseye property. Exploits' drill hole BE-23- 028 intersected a cluster of quartz veins, hosting gold mineralization (which has been interpreted by Exploits) that cuts a portion of Everest's eastern strike extension of its mineralized system. Target Area C: Approximately 250 metres north of NFG's K2 gold zone on the western flank, or 'side', of the Appleton Fault Zone remains untested by drilling.

Exploits' high- resolution geophysical surveys (VLF-EM and Magnetics) coupled with 2023's LiDAR airborne mapping suggest the presence of east-west trending lineaments. NFG's K2 gold zone discovery was most recently updated with intercepts such as 27.5 g/t Au over seven metres. Target Area D: Located approximately 650 metres northeast of NFG's Lotto gold zone, LiDAR indicates structural complexity which also highlights a potential for gold traps.

The Company's initial 2024 drilling campaign was completed in February, totaling 2,509 metres over 12 drill holes. This program successfully intersected a structural zone, displaying similar characteristics to NFG's Jackpot gold zone, with associated local quartz veining and sections of elevated arsenic and antimony values. The grade intersected in drill hole BE-24-006 correlates with Exploits interpreted extension of NFG's Honeypot gold zone indicating the potential for additional mineralization along this trend.

The initial 2024 drilling campaign was completed in early February, totaling 2,509 metres over 12 drill holes. This program successfully intersected a structural zone, displaying similar characteristics to NFG's Jackpot gold zone, with associated local quartz veining and sections of elevated arsenic and antimony values. The grade intersected in drill hole BE-24-006 correlates with Exploits interpreted extension of NFG's Honeypot gold zone indicating the potential for additional mineralization along this trend.

The Bullseye claims were staked by Exploits in September 2022, and are contiguous to the several high- grade gold targets actively being drilled by both NFG and Labrador Gold. The claims are considered by the Company's geologists to be highly prospective because they directly overlay a 1,200 by 800 metre segment of the Appleton Fault Zone and its related splay structures. Over a dozen exploration drill rigs have been employed by the three companies operating within this structural-stratigraphic setting over the past four years.