Japan Gold Corp. provided an update on work programs at Barrick Alliance projects in Kyushu and Hokkaido. Mizobe Project: An Induced Polarization (IP) geophysical survey comprising 14.6-line kilometers was completed over the eastern part of the Mizobe Project in September.

IP surveying was carried out over a 2.5 by 2.5 km area containing mineralized river-float and localized outcrops exhibiting strong alteration and gold and pathfinder element anomalism, significant portions of this target area are concealed by a veneer of younger volcanic ash and welded tuff. The IP survey was aimed at mapping subsurface chargeability and resistivity features potentially representing buried mineralization and surrounding alteration haloes. From interpretation of combined data sets an initial three drill holes are planned to be commenced in January 2023.

The Mizobe Project is located in the Hokusatsu Region of Southern Kyushu in a similar geological setting to Sumitomo Metal Mining's Hishikari gold mine, located 23 km to the north. Ebino Project: Induced Polarization surveying was completed in early November at the Otsuka prospect within Ebino Project, located 12 km north of the Hishikari mine. A total of 9.4-line km were completed along a 4 km long alteration zone which overlies well-defined gravity anomalies.

Gravity anomalies are a key feature associated with epithermal vein deposits in the Hokusatsu Region. Geological mapping is planned to be completed over the Otsuka prospect in November to aid in definition of drill targets for 2023 if warranted. Hokkaido Aibetsu Project: Detailed mapping and outcrop sampling to define the source of highly elevated gold and pathfinder element anomalies identified from BLEG sampling over a contiguous 5 by 5 km zone at the Aibetsu project was completed in October.

Mapping has defined two extensive clay alteration zones with associated quartz vein mineralization. Preparations are now underway for IP surveying to cover priority areas in 2023 to advance drill targeting within the project. Hakuryu Project: Detailed mapping and outcrop sampling was recently completed over the Yakiyama prospect located within the Hakuryu Project.

The Hakuryu Project covers the southern half of the Konomai vein field which produced 2.35 Moz of gold between 1915-731. A combination of coherent BLEG gold and pathfinder element anomalies shedding from high elevations and well-preserved volcanic stratigraphy are the target of investigation for concealed extensions to the Konomai vein field. Mapping has confirmed extensive alteration and localized quartz veining.

A positive interpretation of results from the mapping program will be followed up with IP surveying in 2023 to advance drill targeting.