Gladiator Metals Corp. provided an update on drilling at Whitehorse Copper Project with an additional rig mobilized to target significant large-scale magnetic anomalies identified from ongoing drone magnetic surveys along strike of historical mining operations at the Cub Trend. The Cub trend consists of multiple prospects identified from historical drilling, small-scale mining operations and outcropping skarn mineralization over more than 1km of strike.

Individual prospects include Gem, Black Cub South, Black Cub North and Keewenaw with the shallow, high-grade Black Cub South and Keewenaw open pits mined historically. The Gem prospect at the northern extent of the Cub Trend was discovered in 1967 by geophysical methods which guided the initial diamond drilling and, although the defined mineralization was pre- stripped, the area was never put into production. Gladiator has compiled historic drilling at the Cub Trend with drilling comprising 142 holes for 11,474 meters.

This collation of historic drilling identified high-grade copper skarn mineralization that is strongly associated with a high-tenor magnetic anomaly that occurs for more than 1,100m of strike length and connects multiple zones of past production. At the previously mined prospects (Keewenaw and Black Cub South), it is assumed by the Company (due to the closely spaced drilling) that the limited and very shallow mineralization identified by historic drilling has been predominantly mined out. Notwithstanding this, these historical results combined with ongoing interpretation of the drone-borne magnetic survey, represent an opportunity to demonstrate the geological continuity and identify a much larger and broader mineralized system that underpins the area, potentially linking these prospects on a macro scale with linkage to the nearby Cowley Park prospect located to the east.

Previous historic mining of the Keewenaw and Black Cub South prospects was limited in scope, size and depth, confined to the historic drill extents. Very limited historic drilling was undertaken outside of these past producing deposits that were primarily exploited to fill a production gap whilst the Little Chief Mine transitioned from surface to underground mining. This means that mineralization of these previously mined deposits potentially remains open both along strike and at depth.

In addition, preliminary results from Gladiator's ongoing drone magnetic survey have identified multiple undrilled target areas associated with high magnetic responses along strike of previously defined mineralization and a large magnetic low (Keewenaw) that is interpreted as magnetite destruction associated with endoskarn mineralization. The compilation of historic drilling data at the Cub trend identified significant "downhole mineralization" previously reported by Company (NR May 11th 2023), including: Gem (Unmined): G-011: 16.61m @ 2.59% Cu from 76.05m; G-018: 24.99m @ 1.4% Cu from 23.93m. Keewenaw (Partially Mined): K-004: 39.62m @ 1.56% Cu from 40.54m; K-005: 55.47m @ 1.26% Cu from 37.49m; K-006: 57.91m @ 0.93% Cu from 10.67m; K-013: 19.05m @ 2.83% Cu from 18.9m; K-019: 23.47m @ 2.91% Cu from 41.76m; K-020: 74.98m @ 1.51% Cu from surface; Black Cub South (Partially Mined): BLC-008: 34.75m @ 1.65% Cu from 8.84m; BLC-024: 17.83m @ 2.27% Cu from 9.48m.

Compiled historical drilling data is limited to selective sampling and assaying for copper only. Gladiator intends to assay all future drilling and sampling for additional credits including Molybdenum, Silver and Gold which were proven contributors to the economics of historic operations. Holes were drilled at various dips on variable, prospect specific, nominal grids.

Gladiator obtained the drill records and logs from the Yukon Geological Survey archives and have been captured the data within an industry standard database and validated.