Gold Bull Resources Corp. reported excellent reverse circulation drill results from its 100% owned Sandman Project, located in Humboldt County, Nevada USA. Two drill holes were completed at Silica Ridge, and both holes successfully hit high-grade gold intersections.

The recent drill results returned 83.8m (275 ft) @ 1.50 g/t gold (Au) from 0m/surface in hole SA-0052 and 47.2m (155 ft) @ 1.54 g/t Au from 1.5m (5 ft) in hole SA-0044. Of note, a high-grade intersection of 3m @ 14.67 g/t Au from only 1.5m below the surface was successfully hit. These results demonstrate the significant extent of gold mineralization from surface at the Sandman gold project and provide confidence for the Company to initiate a Scoping Study that will investigate the economic viability of various near-term production scenarios at Sandman upon completion of the current drill program.

Targeted structures returned significant drill intersections of 83.8m of gold mineralization grading 1.50g/t Au from surface (0m) including very high-grade interval of 3m @ 14.67 g/t Au from 1.5m in hole SA-0052 Hole SA-0044 returned 47.2m of gold mineralization grading 1.54g/t Au from 1.5m including 6.1m @ 8.01g/t Au from 3m Gold-bearing fault structures were targeted, and further drilling is warranted to further define the geometry of these mineralized faults The depths and grades for a potential open-pit extraction method remain encouraging with mineralization from surface and this will be investigated via a Scoping Study in Q3, 2022 Drilling is ongoing and the Company remains fully funded Drill hole SA-0052 was planned with a twofold objective of testing interpreted mineralizing fluid conduits at depth near the Tertiary unconformity for high-grade veins and providing improved definition of a high-grade zone within the current Mineral Resource Estimate. The high-grade zone had been intersected by SA-0044, which returned 47.2 m (155 ft) @ 1.54 g/t Au from 1.5 m (5 ft), including 6.1m (20 ft) @ 8.01 g/t Au from 3m (10 ft) and 1.5 m (5 ft) @ 1.15 g/t from 24.4m (80 ft), as well as 1.5 m (5 ft) @ 0.21 g/t Au from 114.3 m (375 ft). Drill hole SA-0052 extended this zone, returning 83.8 m (275 ft) @ 1.50 g/t Au from 0 m (0 ft), including 13.7 m (45 ft) @ 4.52 g/t Au from 0 m (0 ft), which includes 3 m (10 ft) @ 14.67 g/t Au from 1.5 m (5 ft), and 1.5m (5ft) @ 15.53 g/t Au from 1.5m (5 ft), as well as 3 m (10 ft) @ 2.75 g/t Au from 36.6 m (120 ft), 16.8 m (55 ft) @ 3.05 g/t Au from 65.5 m (215 ft), and 6.1 m (20 ft) @ 8.24 g/t Au from 71.6 m (235 ft).

Below these high-grade intersections in hole SA-0052 are numerous narrow, low-grade mineralized intersections within a zone extending over most of the lower part of the drill hole, into the Triassic basement rocks. This broad zone of gold mineralization supports their belief that high-grade feeder structures exist below the current Mineral Resource estimate close to this drill hole. Further drilling is needed to define these structures, particularly below the current Mineral Resource Estimate.