Gold Tree Resources Ltd. announce results from the initial exploration program on its Skygold Project located in the Cariboo region of central British Columbia (the "Property"). New sampling has identified a highly anomalous concentration in till heavy mineral concentrate (HMC) of up to 420.79 g/t gold in Sample SG-22-TIL-04, collected to the northeast of Frost Lake. The new results extend the existing gold in till anomaly "B" up ice and expand the pre-existing anomaly "B" to approximately 1,600 metres by 1,100 metres.

Anomaly "B" is now composed of both pristine and reshaped gold in till anomalies identified by the Company in 2019, including pristine grain samples up to 4.58 g/t gold in sample SGHM-19-20, and 180 pristine grains in sample GHM-19-19. Detailed analysis of the sample material identified alongside the pristine gold grains in till can help to identify a potential source on the Property in the up-ice direction from the location of the samples. Potential sources include a currently un-discovered felsic intrusion that shows weak to pervasive epidote-actinolite alteration.

Additional regional scale faulting identified through geological mapping and airborne magnetic data forms a direct correlation with anomaly "B" which also presents a favorable environment for gold deposition. Sample SG-22-TIL-04 was composed of grains that were both modified and reshaped indicating potential further distance to source than the adjacent samples suggesting multiple potential sources of gold within the Property. Further work is currently being considered by the Company in order to better define the potential source of the gold grains.

The program consisted of 26 samples with the high value 420.79 g/t Au, median value 0.427 g/t Au and lowest value 0.065 g/t Au. Till samples were collected where adequate sample media was available. The survey extended the previously outlined "B" Anomaly particularly in the up-ice (southwest).

The anomaly remains open to the east, north and west. Till samples were collected from below the colluvial soil profile at a medial depth of 20 centimeters and placed into 5-gallon plastic pails which were sealed and shipped to Overburden Drilling Management Ltd. ("ODN") in Nepean, Ontario for processing. All samples are classified as till by ODM, composed of unsorted and angular clasts.

All samples were sieved to under 8 mm in the field, accumulating approximately 12 kg of till per sample. During processing, one +/- 500 g archival split is taken and +/- 200g of each is sieved to -0.063 mm. Each sample was panned for gold, platinum group-bearing (PGMs) and fine-grained metallic indicator minerals separating any recovered gold grains from the table concentrate and measuring each grain and classifying it according to its degree of physical wear.

Average tabled sample weights were approximately 10.9 kg for the batch presented in this news release.