Irving Resources Inc. announced that extended diamond drill hole 21HKR-001 completed at Hokuryu, part of its 100% controlled Omu Au-Ag Vein Project, Hokkaido, Japan, has encountered multiple high-grade Au-Ag veins. Irving has recently purchased Rodren Drilling Ltd.'s EF-75 diamond drill and, together with the recently acquired Zinex A-5 drill, now has two drills capable of drilling at its Omu Au-Ag project, Hokkaido. Development of an in-house team of drillers has been hampered by delays in visa applications, but the Company is in the process of contracting the services of three internationally based drillers who are able to start work in January following receipt of visas.

In 2023, Irving plans to drill at each of the three principal targets at Omu, Omui mine site, Hokuryu and Omu Sinter as well as one new target, Maruyama, located a couple km north of Hokuryu. The Company believes drill rates in 2023 will exceed each of the past three years during the COVID pandemic. Targets to be drill tested in 2023 include: Newly defined vein extensions at Omui mine site.

Irving believes significant potential lies to the east of the Nanko vein assemblage Offset drilling around recent high-grade vein intercepts at Omui mine site, particularly near the Honpi area Additional drilling at Hokuryu oriented from south to north to more optimally intersect vein projections Follow up drilling of veins and mineralized sinter at Omu Sinter Inaugural drilling at Maruyama where an interpreted deep-rooted diatreme has recently been identified All samples discussed in this news release are ½ split sawn diamond core samples. Irving submitted samples to ALS Global, Vancouver, Canada, for analysis. Au and Ag were analyzed by fire assay with AA finish.

Overlimit samples were assayed by fire assay with gravimetric finish. Multielements were analyzed by mass spectrometry following four acid digestion. Irving routinely inserts standard and blank samples in assay batches submitted to the laboratory.

Company staff are responsible for geologic logging and sampling of core. Au equivalent is calculated by adding Au (gpt) to Ag (gpt)/80. Results referred to in this news release are not necessarily representative of mineralization throughout Hokuryu.

Quinton Hennigh (Ph.D., P.Geo.) is the qualified person pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects responsible for, and having reviewed and approved, the technical information contained in this news release. Dr. Hennigh is a technical advisor and a director of Irving Resources Inc. and has verified the data disclosed including sampling, through review of photographs of core prior to and after sawing and sampling, and analytical, through review of standard and blank analyses.