Gladiator Metals Corp. provided an update on drilling at the Whitehorse Copper Project with drilling targeting significant widths of unmined, copper-gold skarns over more than 700m of strike at the historic Little Chief mine trend. Gladiator released initial analytical results received from its ongoing 10,000m drill program at the historically producing Big Chief, Middle Chief and Little Chief prospects.

Assay results from 6 holes, 2162m (LCG-001, 001D1, 001D2, 001D3, 002 and 003) at the Middle Chief prospect confirm the extensive, unmined, high-grade mineralization highlighted by Gladiator's data compilation of historical drilling. Mineralization remains open in all directions with some holes finishing in high-grade copper and gold mineralization due to difficult ground conditions. This includes holes LCG-001D3 and LCG-002 which both failed to reach their planned target depths and with hole LCG-003 collapsing within the mineralized zone.

Significantly, LCG-003 returned 2.71% Cu and 1.39 g/t Au from recovered core retrieved within a 13.75m section of the hole. The hole also finished in significant mineralization (0.25m at 2.76% Cu and 0.28 g/t Au from 269.5m). Copper - gold mineralization highlighted from these initial assay returns includes: LCG-003: Recovered core at 2.71% Cu and 1.39 g/t Au within a 13.75m mineralized zone from 256m to end of hole (approximately 270 m) that failed in 0.25m at 2.76% Cu and 0.28 g/t Au.

LCG-001D1: 22m at 1.41% Cu and 0.28 g/t Au from 208m. LCG-001: 6m at 1.56 % Cu and 1.06 g/t Au from 213m and 16m at 1.29% Cu and 0.61 g/t Au from 249m. LCG-001D2: 10m at 0.83% Cu and 0.19 g/t Au from 62m, 4m at 1.03 Cu and 0.19 g/t Au from 84m and 10m at 1.35% Cu and 0.51g/t Au from 196m.

Gladiator, in consultation with its drilling contractor (Kluane Drilling Ltd.), has spent significant effort in modifying drill practices to improve its hole success rate in difficult conditions, with significant improvement noted in more recent drilling. Further to the drilling completed at Middle Chief, Gladiator recently relocated the drill rig to the Big Chief prospect, where to date three holes have been completed (LCG-004 to 006), with significant mineralized skarn logged in holes LCG-005 and LCG-006 immediately below shallow overburden of up to 4m in depth. These results are additional to the recently collated historic drilling (628 underground holes LCU-001-619, BC2490-1-2, BC2500-1-2 and 166 surface holes LC-001-121, MC-001-014, XLC-001-028 & BCF-001-006) & D-001-4 for 68,940 meters) reported by the company in news release dated 16th Nov, 2023, highlight mineralization that potentially remains intact, this includes the following drill holes from the Middle Chief prospect that have been collared underground: LCU-003: 53.56m at 1.23% Cu from 88.54m; LCU-009: 49.83m at 3.06% Cu from 70.26m; LCU-013 23.01m at 2.07% Cu from 87.78m; LCU-017: 54.10m at 2.05% Cu from 77.42m; LCU-023: 33.99m at 2.10% Cu from 148.89m, Incl.

15.24m at 3.26%Cu from 167.64m; LCU-151: 32.92m at 2.08% Cu from 86.87m; LCU-371: 9.30m at 4.73% Cu from 0m; LCU-500: 22.52m at 2.23% Cu from 79.86m; LCU-503: 32.22m at 2.11% Cu from 83.91m, Incl. 17.07m at 3.47% Cu from 99.06m; LCU-528: 30.85m at 1.68% Cu from 18.68m, Incl.22.47m at 2.06% Cu from 18.68m; LCU-542: 28.04m at 1.84% Cu from 91.14m, Incl. 19.81m at 2.35% Cu 96.32m; LCU-543: 13.72m at 1.28% Cu from 66.14m and 41.15m at 2.22% Cu from 87.48m; LCU-550: 37.49m at 1.90% Cu from 74.68m; LCU-551: 24.9m at 2.27% Cu from 93.97m; LCU-571: 11.06m at 3.79% Cu from 89.37m; LCU-578; 30.17m at 1.97% Cu from 31.09m; LCU-580: 24.14m at 1.86% Cu from 45.96m, Incl.

21.10m at 2.00% Cu from 45.96m; LCU-604: 26.21m at 1.86% Cu from 16.46m; LCU-610: 50.99m at 1.87% Cu from 18.11m, Incl. 39.84m at 2.19% Cu from 23.16mm; LCU-614: 38.22m at 1.39% Cu from 10.24m, Incl. 32.13m at 1.53% Cu from 14.81m; LCU-616: 37.79m at 1.55% Cu from 21.34m, Incl.

28.65m at 1.9% Cu from 30.48m. The compilation of the available data completed by Gladiator is the first time that the mineralization has been able to be reviewed and modeled in three dimensions, providing Gladiator with a unique opportunity to target further mineralization and utilize modern geophysics such as down hole electromagnetics (DHEM). The 10,000m diamond drill program (which started at the Middle Chief prospect) on the January 9, 2024 and is planned to continue over the next 3 months.

Drilling will be complemented by Down Hole Electromagnetic (DHEM) surveying of the holes to identify undrilled extensions to the mineralization. Historical drilling at the Little Chief and Middle Chief prospects was selectively sampled for copper only. Given the recent significant gold intervals returned from these initial assay results Gladiator intends to assay all future drilling and sampling for additional credits including gold, silver and molybdenum which were proven significant contributors to the economics of historic operations at Little Chief.

In addition to drilling at the Middle Chief prospect, Gladiator is currently completing a high-resolution drone borne aeromagnetic survey over the former Little Chief mining trend. In order to facilitate and target current drilling, Gladiator had the magnetics that had been completed over the former Little Chief mining trend processed and a three-dimensional inversion model completed highlighting significant areas of magnetic anomalies undrilled by historical operators. This is of significant importance given that mineralization previously exploited along the former Little Chief mining trend is associated with magnetite enriched skarns and is able to be directly targeted from its magnetic signature.

The remaining part of the survey is expected to be completed in the coming weeks. Work completed to date includes the review of the aeromagnetic data received to date which has already identified more than 30, drill ready, high-grade regional targets associated with copper-rich skarns at the contact between the Cretaceous age Whitehorse Plutonic Suite and the Triassic to Jurassic Lewes River Group's clastic and carbonate metasediments. Cumulatively, there is more than 35km of underexplored strike on the contact which is highly prospective for high-grade copper+/-molybdenum+/-silver+/- gold.