Kesselrun Resources Ltd. provided the final drill results from the 2022 drilling as well as preliminary geophysical interpretations. Eight of the final eleven holes were drilled in the southern portion of the project area, on strike from the adjacent Moss Lake Gold Project, where outcrop exposure is below average. Seven of the eight drill holes intersected wide zones of shearing and alteration along with low grade gold mineralization, consistent with what is seen peripheral to the Moss Lake gold deposit.

Seven of eight holes drilled in the southern area intersected wide zones of consistent low grade gold mineralization similar to what is seen on the far extents of the Moss Lake gold deposit. 22HUR183 intercepted 0.1 g/t Au over 317.7 m and 22HUR182 intercepted 0.3 g/t Au over 62.6 m including 0.9 g/t Au over 10.0 m. Zones of magnetic disruption associated with northeast trending structures on strike from the reconnaissance drilling identified as high priority targets for 2023. Interpretation of the geophysical data, as well as geological modelling, is ongoing over the entire project.

In the Huronian Mine area preliminary analysis of the geophysical data shows excellent correlation between certain geophysical features and gold mineralization. It is expected that the targeting exercise in this area will assist in identifying new zones of gold mineralization as well as extensions of known zones. Exploration on Kesselrun's 100% owned Huronian Gold Project is focused on outlining and growing gold mineralization in the numerous known zones located in close proximity to the former producing Huronian Gold Mine as well as the discovery of new zones elsewhere on its underexplored and extensive 4600- hectare land package.

The 100% owned Huronian Gold Project hosts the past producing Huronian Mine, Northwestern Ontario's first gold mine with an historic resource estimate of 44,592 oz Au at an average grade of 15.3 g/t Au in the indicated category and 501,377 oz Au at an average grade of 14.4 g/t Au in the inferred category. The resource estimate presented for the Huronian Project is historic in nature. Kesselrun Resources' qualified person has not completed sufficient work to confirm the results of the historical resource.

Kesselrun Resources is not treating this as a current mineral resource but is considering it relevant as a guide to future exploration and includes it for reference purposes only. The historic resource was estimated by Minescape Exploration Inc. in 1998. Further drilling will be required by Kesselrun Resources to verify the historic estimate as current mineral resources.