Goldflare Exploration inc. has completed its drill targets assessment and ground preparation works on the Condor property. In the eyes of the Company, the conditions were met to go forward with a limited drill target on high potential targets. The Condor property, located at 35 km north-east of the town of Rouyn-Noranda, is in the heart of an active gold mining camp.

This new potential is based on recent prospecting results released by the Company in 2021. The project comes from an innovative approach developed by Goldflare to assess the gold potential of the Clericy syenite intrusion, an area that was the object of no documented exploration in the past. During the last three months, the company has carried out field works to refine its drilling approach and is confident to make this program a success.

Following last elements of preparation, drilling equipment will be mobilized before the end of October. Ore Vision R survey: The Company recently received results and interpretation from an electro-magnetic ground survey Ore vision TM proprietary of Abitibi Geophysics. The survey done along 5 lines totalling about 7km was used to validate areas previously identified for drill testing.

Chargeability targets in high resistivity background were identified close to surface in five areas of interest distributed over about 4 square kilometers. The Company expects to correlate these anomalies with disseminated gold bearing pyrite mineralization hosted in fracture networks. This context was observed with the first drill program done on the property in early 2022, whose best results of 1 g/t over 7.2 metres is included in a wide mineralized halo giving 0.29 g/t over a drilled length of 40 metres.

The Company has used of combination of exploration methods such as structural interpretation, soil geochemistry and OreVision R geophysics survey to identify blind high potential gold targets. Three main trends were interpreted over strike length of 2 km. Eleven (11) targets have been identified to be drill tested.

A surface gold discovery occurred in 2021 during a first prospecting program. Following months have seen the completion of varied exploration work such as the stripping of the Condor-1 showing followed by a soil geochemistry survey doubled by a OreVision R ground survey. A first drill program made of twelve short holes succeeded to identify a 100 metres wide gold bearing structure.