Headwater Gold Inc. announced the commencement of a multi-rig, 4,000 metre drill program at the Spring Peak project, Nevada. The drill program is designed to follow-up on Headwater's 2021 discovery of a gold-bearing epithermal quartz vein in the Phase 1 drill program which intercepted 1.0 grams per tonne gold (g/t Au) over 38.1 metres (m), including 2.5 g/t Au over 9.2 m. The 2022 drill program will include step-out drilling on the recently discovered vein as well as testing multiple new high-grade vein targets, totalling approximately 4,000 metres of drilling. Highlights: Approximately 4,000 m of drilling is planned, including 2,000 m of reverse circulation (RC) and 2,000 m of core drilling; Spring Peak is located immediately adjacent to the past producing Aurora gold mine, owned by Hecla Mining Company (Hecla); Drill program is fully funded by Newcrest Mining Limited ("Newcrest") as part of a multi-project earn-in agreement; and The goal of the drill program is to further expand the zone of mineralization encountered in Headwater's 2021 discovery drill hole SP21-03, which intersected 38.1 m of 1.0 g/t Au and test multiple other high-priority vein targets throughout the property.