Harfang Exploration Inc. reported analytical results from the winter drill program on its now combined Serpent and Radisson properties (collectively the "Property", "Serpent" or "Radisson") located in Eeyou Istchee James Bay, Québec. The Property covers a combined 50,843 hectares (988 claims) of prospective Archean basement terrain hosting a district scale gold endowment discovered by the Company. The target area is comprised of a kilometric scale gold-in-till occurrence and more that 50 high-grade gold surface showings identified since 2017 clustered in a corridor straddling the Serpent-Radisson boundary.

During winter 2022, the majority of holes drilled on Serpent tested the gold-in-till anomaly while the four holes drilled on Radisson tested the northwest extension of the Goldhawk Zone. Fieldwork will focus on target areas of the Property that have received little or no attention to this point. It will also include additional geological analysis of the structural framework of the gold system identified to date, further study of the nature and potential source of the gold-in-till anomaly, and an evaluation of targets such as the Mista Cu-Au-Ag occurrence.

The objective of this work is to further refine drill targets for subsequent testing later this year. Eastern half of the swamp covered area: Drill holes SER-22-047 to SER-22-053 were positioned to test the eastern extension of gold intervals obtained along the Stu Trend in 2021 drill holes. SER-22-047, the first of the 2022 winter program, was drilled toward the east and perpendicular to previous holes in the area.

It tested the lateral continuity of drill intercepts obtained in 2021 such as those in SER-21-035 (4.33 g/t Au over 7.00 m) and SER-21-040 (2.83 g/t Au over 3.75 m) and the presence of possible NE-SW structures as suggested by discontinuities in the magnetic signature. SER-22-47 returned the best intersection to date of 2.52 g/t Au over 19.65 m, including 6.05 g/t Au over 7.75 m. The true width of this mineralized interval is unknown as the hole may have intersected the targeted gold zone at a low angle. Holes SER-22-049 and SER-22-050 intersected 8.71 g/t Au over 2.25 m and 1.06 g/t Au over 9.85 m, respectively, extending the Stu Trend towards the northeast.

Visible gold was observed in both holes. SER-22-048 (6.39 g/t Au over 1.50 m) and SER- 22-052 (1.44 g/t Au over 4.35 m) contain anomalous gold intervals (>50 ppb Au) several tens of metres wide between holes SER-21-040 and SER-21-044. As mentioned in previous news releases, gold intervals are most commonly hosted in fine to medium-grained diorite containing 1-3% disseminated pyrite, minor quartz veins and actinolite-feldspar-quartz veinlets.

Diorite deformation is subtle, varying from weakly foliated to locally sheared. Structural corridor between Goldhawk and Goldhawk Northwest: Four drill holes (LXR-22-013 to LXR-22-016), positioned along two fences spaced 250 m apart, tested the continuity of the sheared corridor between Goldhawk (1.64 g/t Au over 22.40 m, grab samples up to 90.70 g/t Au) and Goldhawk Northwest (grab samples up to 37.40 g/t Au) showings. All four holes encountered gold mineralization associated with shear zones in diorite and paragneiss including 4.76 g/t Au over 1.49 m in hole LXR-22-014, and with local visible gold observed in LXR-22-014 and LXR-22-016.

Shear zones around the swamp covered area: Drill holes SER-22-054 to SER-22-059 targeted specific sites inside the current extent of the gold-in-till anomaly, and defined based on gold occurrences and shear zones at surface, or magnetic discontinuities interpreted as faults or shear zones. Despite the presence of shear zones and sulphide-bearing intervals in these holes, none of them returned gold intervals with a metal factor >5 (g/t x m). The Company will expand exploration on the Property during the upcoming summer program to include prospecting, mapping, and soil sampling on target areas that have received little or no attention to date.

Targets include areas to the north and west of Goldhawk and Talon showings where the NW-SE 8 kilometre gold corridor identified to date intersects a different NE-SW structural domain, as well as prospecting and geological interpretation on the eastern half of Radisson property where several geophysical and geochemical anomalies are present. Work will also include the areas around the Mista Cu-Au-Ag discovery and further east on Serpent, the latter which remains to be prospected in detail. The program will be supplemented by additional geologic analysis of the structural framework of the known gold system and further study of the nature and source of the gold-in-till anomaly.

The objective of this work is to further refine drill targets for subsequent testing later this year. Rock samples were sent to ALS (Val-d'Or, Québec) to be analyzed for gold and 33 other chemical elements. Gold was analyzed by atomic absorption following fire assaying on a 30-g sample fraction (Au-AA23).

Other elements were analyzed using the four-acid ICP-AES method (ME-ICP61). Samples with >10 g/t Au were reanalyzed with a gravimetric finish (Au- GRA21). Sample preparation and analytical determination were performed in various ALS laboratories.

Grab samples are selective by nature and are not necessarily representative of the mineralized zones. The sampling procedures and the quality control followed protocols developed by Harfang, LaSalle, and ALS. Preliminary data interpretation was done by Harfang and LaSalle.