Exploits Discovery Corp. announced assay results from four recent diamond drill holes at the newly discovered "Horseshoe" Gold Zone on its 100% owned Bullseye property along the Appleton Fault Zone. Of note, 55 grains of visible gold were observed within a network of quartz veins in drill hole BE-23-019, located approximately 450 metres north of New Found Gold's recently reported high-grade intercepts at Everest in central Newfoundland.

Horseshoe Gold Zone Highlights: BE-23-019 intersected 38.21 g/t Au over 2.80 m core-length, located at a vertical depth of approximately 145 m below surface, where 55 grains of visible gold were noted within a network of quartz veins. Including 118.92 g/t Au contribution from a 0.85 m sample. BE-23-015 intersected 4.65 g/t Au over 2.,00 m core-length, located At a vertical depth of approximately 166 m below surface.

Including 8.90 g/t Au contribution from an 0.80 m sample. Horseshoe Gold zone remains open in all directions. Diamond drilling totaling 11,292 m has been safely and cost-effectively completed over the 30-hole first phase evaluation at Bullseye.

Assay results from 18 of the 30 drill holes have been received and publicly reported to date. The results from the 12 remaining drill holes are pending. Mineralization at the Bullseye property is hosted within a fold-thrust sequence of northeast-striking, steeply dipping, turbidite sequence.

These rocks were deposited and deformed during the closure of the Iapetus Ocean and subsequent continent-continent collision. The Appleton Fault Zone is a regional scale deformation zone that developed during this period. The AFZ likely serves as a primary conduit for gold-bearing fluids.

Brittle faults within the envelope surrounding the AFZ form a vast network of gold rich quartz veins. Visible gold has been noted within 8 drill holes contributing to the locally high-grade intercepts.