Kintavar Exploration Inc. announced that the infill drilling program has been successfully completed at the Sherlock Zone, Mitchi project. The drilling will serve to complete a maiden resource estimate on the project which will be performed by InnovExplo. The Corporation also announces that it will extend 2,706,250 sharepurchase warrants coming due on December 11, 2022 for 3 years.

The drilling program included 16 drill holes for a total of 1,780 meters. Logging and sampling is currently ongoing and should be completed in the coming weeks. Various other tests are being conducted on the core which will be required for the resource estimate while some samples are being selected for metallurgical testwork.

The objectives of the drilling program were to improve the information on mineralization in the top 100 meters from surface within the area targeted for an open pit and, to extends the limits of these horizons to the East, West and to the North where limited drilling was completed to date. The drilling successfully intercepted all the horizons that were being targeted while new horizons were intersected which can be integrated in the geological model. Assays are expected in January and February 2023 while the maiden 43-101 resource estimated is expected around April 2023 if no delays are encountered.

The Corporation has decided to extend 2,706,250 sharepurchase warrants coming due on December 11, 2022. These Warrants are exercisable into one common share of the Corporation at a price of $0.15. The original expiry date of the Warrants has now been extended for an additional period of 36 months up to December 11, 2025.

There are no other proposed changes to the terms of the Warrants. This extension is conditional to the approval from the TSX Venture Exchange.