Fortitude Gold Corp. announced multiple oxide gold drill intercepts at and near surface from the Scarlet North target along the Company's Isabella Pearl trend. This area on the north end of the Scarlet target is located just 700 meters northwest of the Isabella Pearl heap leach and process facility.

Intercepts include 10.67 meters grading 1.30 grams per tonne (g/t) gold within 21.34 meters grading 1.14 g/t gold and 6.10 meters grading 1.93 g/t gold within 44.20 meters grading 0.84 g/t gold, both drilled from surface. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and dividend yield. Scarlet North Drill highlights include (m=meters, g/t=grams per tonne): Hole IPRC-605: 18.29 m of 1.20 g/t gold incl.

10.67 m of 1.57 g/t gold. Hole IPRC-606: 16.76 m of 0.83 g/t gold incl. 7.62 m of 1.21 g/t gold.

Hole IPRC-615: 19.81 m of 0.90 g/t gold incl. 3.05 m of 1.19 g/t gold, and 3.05 m of 1.81 g/t gold. Hole IPRC-622: 6.10 m of 1.31 g/t gold from surface.

Hole IPRC-623: 15.24 m of 0.82 g/t gold from surface incl. 1.52 m of 1.82 g/t gold. Hole IPRC-624: 44.20 m of 0.84 g/t gold from surface incl.

6.10 m of 1.93 g/t gold, and 4.57 m of 1.42 g/t gold, and 3.05 m of 1.09 g/t gold. Hole IPRC-625: 21.34 m of 1.14 g/t gold from surface incl. 10.67 m of 1.30 g/t gold, and 4.57 m of 1.68 g/t gold.

Hole IPRC-626: 7.52 m of 1.03 g/t gold from surface. Hole IPRC-627: 6.10 m of 0.90 g/t gold from surface incl. 3.05 m of 1.19 g/t gold.

This reverse circulation drill program builds on the Company's October 2023 drill results at the Isabella Pearl Scarlet North target, which included 50.29 meters grading 0.86 g/t gold from surface. This most recent Scarlet North drill program intercepted multiple intervals of oxide gold mineralization grading in excess of 1 gram per tonne. Initial metallurgical tests suggest the oxide gold mineralization is amicable to extraction by cyanide.

A similar metallurgy to the nearby Isabella Pearl deposit is expected, whereby oxide gold ores can be processed by using a standard heap leach process. The proximity of this mineralization would allow for a short haul distance to the Company's nearby processing facilities. Drilling at Scarlet has identified several surface and near surface pods of mineralization that the Company is currently modeling for potential open pit mine scenarios.