Getchell Gold Corp. provided assay results for drill holes FCG22-23 and FCG22-25 that continue to demonstrate significant intervals of gold mineralization at the North Fork zone in the Central Area of the Fondaway Canyon project in Nevada. Drill hole FCG22-23, the sixth hole of the 2022 drill program at Fondaway Canyon was drilled as a 45m up-dip step out to the northeast of the high-grade gold mineralization encountered in hole FCG21-16 that graded 6.3 g/t Au over 50.7 m. FCG22-23 successfully extended the high-grade North Fork gold mineralization reporting 3.4 g/t Au over 44.6 m and demonstrates excellent continuity and consistency of the North Fork zone.

In addition, FCG22-23 encountered a shallow interval, 60 metres below surface, which graded 1.8 g/t Au over 12.8 m and multiple additional gold intervals lower down in the drill hole. Drill hole FCG22-25 was primarily designed to test the up-dip continuation of the lower series of gold intervals encountered at North Fork by FCG22-18 that includes 2.1 g/t Au over 46.9 m. FCG22-25 encountered a significant gold interval grading 3.4 g/t Au over 31.5 m that correlates well and represents a 30 m extension to the lower zone of mineralization at North Fork zone. In addition, FCG22-25 encountered multiple gold intervals.

Drill hole FCG22-25 is the last North Fork drill hole completed during the 2022 drill program at Fondaway Canyon. Every hole drilled at North Fork by Getchell Gold in these first three drill campaigns have returned substantive and high-grade gold mineralization. North Fork remains open in all directions along strike and up and down dip and will continue to be a priority drill target in 2023.

With the release of results from hole FCG22-25, there are three drill holes, FCG22-26 to FCG22-28, with assays pending from the 2022 drill program at Fondaway Canyon. FCG22-26 and 27, stationed near the canyon floor on the same pad as FCG21-12 and 15, were respectively designed to test the eastern extent of the Colorado SW zone, while FCG22-28, stationed midway up the north slope, was designed to test the down-dip extent of the Colorado SW zone. Assay results from all three holes are expected in the coming weeks.

Hole FCG22-24 was designed to test the Pediment target located 2 km to the west of the Central Area. The Pediment target is the westernmost known gold mineralized occurrence along the 3.5 km long E-W trending Fondaway Canyon gold mineralization corridor. The Pediment target is the site of two vertical drill holes completed in 2002, 02FC-10 and 02FC-11, collared 185 metres apart that intersected 27.4 m grading 0.82 g/t Au and 36.6 m grading 0.52 g/t Au respectively.

FCG22-24, drilled to the southeast targeting midway between holes 02FC-10 and 02FC-11's gold intersections, encountered two mineralized intervals grading 0.72 g/t Au over 3.0 m and 0.64 g/t Au over 1.6 m at respective down hole depths of 140.0 and 239.3 metres. Both mineralized intervals are hosted within a shear structure and exhibit characteristics indicative of mineralization peripheral to a main zone. Scott Frostad, P.Geo., is the Qualified Person who reviewed and approved the content and scientific and technical information in the news release.

The 2022 drill core is being processed using the same methods as the 2020 and 2021 drill programs. The core is cut at Bureau Veritas Laboratories' facilities in Sparks, Nevada, with the samples analyzed for gold and multi-element analysis in BVL's Sparks, Nevada and Vancouver, BC laboratories respectively. Gold values are produced by fire assay with an Atomic Absorption finish on a 30-gram sample with over limits re-analyzed using method FA530. The multi-element analyses are performed by ICP-MS following aqua regia digestion on a 30g sample.

Quality control measures in the field include the systematic insertion of standards and blanks. Highlighted drill intervals are based on minimum interval lengths of 3.3 metres, a 0.25 g/t Au cut-off, and a maximum of 3.3 metres of internal dilution, with no top cut applied. Broader reported Intervals may include internal dilution in the calculated average weighted grades.

All intervals are reported as downhole drill lengths and additional work is required to determine the true widths.