VANCOUVER - Gold Line Resources Ltd. (TSXV: GLDL) ('Gold Line' or the 'Company') is pleased to provide further results from its base of till/top of bedrock ('BoT/ToB') drill program at its Paubacken gold project in the Gold Line Mineral Belt in north central Sweden.

2021 BoT/ToB drilling and follow-up diamond drilling confirm structural and geophysical model and identify multiple mineralized corridors along second order structure network.

Highlights - Paubacken Target

Final 117 additional BoT/ToB holes from fall 2021 drill program at Aida, Belle and Harpsund target areas

Follow up results at Aida target extended Au and pathfinder anomalism 500 metres (m) north along the shear zone, and discovered new Au and pathfinder anomaly on a sub parallel structure.

Initial BoT testing of Harpsund Ionic Leach till anomaly show elevated gold and additional pathfinder indications.

In total 7.7% of bedrock samples from the 2021 BoT/ToB drilling program showed anomalous Au values over 0.1 ppm and elevated pathfinder anomalism coincident with interpreted structural corridors and gold in till anomalism

Results from final 2 drillhole results from maiden 5 hole 670m diamond drilling program at Aida target (PAU21004 and PAU21005)

Paubacken Property

Previous highlights from Paubacken BoT/ToB drilling included a 3-meter sample of bedrock with 3.99 grams per tonne (g/t) gold (Au) and a 1.5 metre sample with 1.425 g/t Au at the Aida target, demonstrating the presence of a blind previously unrecognized bedrock-hosted gold mineralization in the area. Gold Line Resources continued to explore several targets in the Paubacken project area with additional BoT/ToB sampling in early fall 2021 and subsequently commenced a maiden diamond drill program at the Aida target in late fall 2021. Diamond drilling of the 1.43 g/t ToB target resulted in a 22.5 m intercept of 2.4 g/t Au including 9.5 m of 4.6 g/t Au. The mineralization is mainly hosted by calcsilicate-altered amphibolite within a large shear corridor.

Previously unreleased drillholes PAU21004 and PAU21005 were drilled southeast along strike of PAU21003. Although significant mineralization was not encountered, PAU21004 intercepted similar structure, alteration, and geology. Two zones of low-grade mineralization correlate to the zone encountered in PAU21003 situated 60m along strike to the north. PAU21005 was situated 220 m southeast of PAU21004 parallel to the main structural trend and did not intercept same geology or structure. In total 670 m were drilled in 5 diamond drill holes.

In addition to BoT/ToB results previously announced in Gold Line News Release November 4th, 2021, the Company has now received all BoT/ToB assay results from its 2021 campaign at the Harpsund, Belle and Aida targets:

All targets occur along identified structural features identified from magnetics data and BoT geology, with the anomalism broadly related to zones of structural deformation.

Harpsun Target: New BoT/ToB results show a cluster of 8 anomalous bedrock samples of >0.1 g/t Au (21% of the holes) and elevated As anomalism. The drill program was designed to test a large Ionic Leach till anomaly and large area of coincident demagnetization located in an interpreted flexure within the Harpsund structural corridor. These results correspond to a 400 m portion of a 1900 m gold and associated pathfinder element Ionic Leach till anomaly and interpreted structural corridor.

Belle Target: Approximately 500 meters to the southwest of the Harpsund target and 1km to the north of the already known Belle anomaly, the Company extended the ToB anomaly with a line of step-out holes. Twenty percent (20%) of the holes in that extension returned samples with anomalous gold values of >0.1 g/t Au.

Aida Target: Follow up results at Aida target extend Au and pathfinder anomalism 500m north along Aida shear zone and discover new Au and pathfinder anomaly on a sub parallel structure. Seven samples with anomalous gold values of >0.1 g/t Au and elevated pathfinders were reported in five holes. Drilling has confirmed gold and pathfinder anomalism along two interpreted structural trends from airborne magnetic data, including where diamond drill hole PAU21003 intersected a 53.9 gram-meter (grade-thickness) intercept. The anomalies on these structural trends are priority drill targets for 2022.

In total, 201 BoT/ToB holes have been drilled at Paubacken for 2623m in 2020/2021 (170 in 2021 and 31 in 2020). Of these, 7.7% of the 402 bedrock samples collected returned with anomalous gold values of >0.1 g/t Au, all of which correspond to interpreted structural corridors.

Further BoT drilling and follow up diamond drilling is planned in the 2022 exploration program to infill and extend along identified structural corridors and confirm bedrock sources of till anomalies.

About Gold Line Resources Ltd.

Gold Line Resources is focused on acquiring mineral properties with exceptional exploration potential in the most prolific gold-producing regions of Fennoscandia, and further delineating the historic. Gold Line is working in one of the world's top mining jurisdictions and emerging exploration frontiers due to its strong mineral endowment, stable tenure, straightforward permitting, favourable tax regime and supportive geopolitical landscape.

Gold Line currently holds a prospective portfolio of five gold exploration projects in Sweden: one project is in the Skelleftea belt of north-central Sweden and four projects, including the Langtjarn property, are located within the Gold Line Mineral Belt of north-central Sweden. The projects are located on a 200-kilometre Proterozoic greenstone sedimentary belt that is host to multiple gold showings and deposits

Cautionary Note Regarding Forward-Looking Statements

This news release contains statements that constitute 'forward-looking statements.' Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Gold Line's actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects,' 'plans,' 'anticipates,' 'believes,' 'intends,' 'estimates,' 'projects,' 'potential' and similar expressions, or that events or conditions 'will,' 'would,' 'may,' 'could' or 'should' occur.

Forward-looking statements in this news release include statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: that exploration and development activities will not be completed as planned; that the results of exploration and development activities will not be as anticipated. Gold Line may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect Gold Line's business and results of operations; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of Gold Line's securities, regardless of its operating performance and the impact of COVID-19. The forward-looking statements contained in this news release represent the expectations of Gold Line as of the date of this news release and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Gold Line undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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