Gold Line Resources Ltd. announced results from the 2022 winter drill program at the Company's Paubäcken Project (Paubäcken), located Västerbotten County in northern Sweden. HIGHLIGHTS OF THE COMPLETED DRILLING PROGRAM Follow-up diamond drilling along the Aida shear corridor on the Paubäcken Project completed in November 2022 consisted of six new diamond drill holes for a total of 882 metres. Drilling intersected Au mineralization over 250 metres and confirmed structural corridor over 650 metres.

All samples have been analysed at MSA Laboratories and all assay data received. 2022 WINTER EXPLORATION PROGRAM The Company is excited to report that its 2022 winter drilling program has been completed and all results received. The program consisted of 882 metres in 6 diamond drill holes drilled with one drill rig.

The program tested 650 metres of the >5 km Aida structural corridor identified using airborne magnetic geophysics with wide spaced step outs. 2022 drilling stepped down dip and along strike of mineralization encountered in the 2021 discovery hole (22.5 m @ 2.4 g/t Au in PAU-21-003.). Mineralization is hosted within a sheared and altered mafic volcanic unit located within the structural corridor.

Hanging wall and footwall units consist of black shale and greywacke metasedimentary units. Mineralization within the volcanic unit has been encountered over 250 metres along strike and remains open to depth and along strike in both directions. Intercepts encountered include 14.55 m @ 2.44 g/t Au in 2022-AID-001, 9.75 m @ 0.78 g/t Au in 2022-AID-002, 3.35 m @ 1.61 g/t Au and 4.7 m @ 2.12 g/t Au in 2022-AID-003, and 7.2 m @ 1.35 g/t Au in 2022-AID-006.

Drill hole locations are shown in and a section through PAU-21-003 and 2022-AID-001 is shown in. Drill hole 2022-AID-005 was drilled a further 460 metres along strike to the northwest and encountered 1 m @ 1.04 g/t Au within an alteration envelope of 18 m @ 0.29 g/t Au. No significant intercepts were encountered in 2022-AID-004 although it did intersect the Aida structural corridor.

Mineralization in this area is hosted within a sheared and altered greywacke metasedimentary unit. Initially planned for 1500 metres testing 800 metres of structural corridor, the program was cut short due to delays caused by winter weather conditions and expiry of seasonal permit agreements with local indigenous Sami groups to make way for seasonal migration of reindeer herds. The Aida target is a five kilometre long second order splay structure off the regional first order Gold Line first order structural corridor.

Gold mineralization was first identified at the Aida target in November 2021 during the Phase 1 winter drilling program that followed up on anomalous regional top of bedrock drilling results. Phase 1 consisted of five holes for 760 metres and confirmed bedrock mineralization. The campaign included 22.5 m of 2.4 g/t Au in PAU21003, located under approximately 20 m of glacialuntillcover.

Interpretation of magnetic geophysics data identified the Aida structural corridor and the 2022 Phase 2 diamond drilling program was designed to step out on PAU-21-003 to depth and along strike. Mineralization along the Aida structural corridor is hosted within highly sheared and hydrothermally altered mafic volcanic and greywacke metasedimentary units and appears to be controlled by rheological contrast between lithologies and flexures and intersections within the structural corridor. Follow up work planned for 2023 on the Aida target will consist of top of bedrock drilling and diamond drilling.

There remains >4 kilometres of identified and untested strike length of the Aida structural corridor which is 100% under >15 metres of glacialuntillcover. 2023 top of bedrock drilling will systematically test the remaining extent of the structural corridor and diamond drilling continuing to step out on known mineralization and test other identified anomalous zones.