MAS Gold Corp. announced the results from the remaining thirty drill holes from its successful 2022 winter diamond drill program in the La Ronge Gold Belt, Saskatchewan. These results include twenty-two holes from the North Lake Deposit, four holes from the Point Deposit, and four holes from the Preview SW Property.

Discussion and Highlights of these 30 Winter Hole Drill Results: North Lake Deposit - The results from these remaining twenty-two diamond drill holes at the North Lake deposit are highlighted by high-grade mineralization in the most southern hole of 8.79 grams per tonne (g/t) gold over three meters (m) in diamond drill hole (DDH) NL22-101. Drill hole, NL22-101, confirms the extension of the North Lake Deposit and intersected some of the highest assay results recorded at the deposit of 8.79 g/t gold over 3m and 7.00 g/t gold over 1m. Further evaluation of NL22-101 is planned to assist in developing an exploration strategy to follow up the high-grade results.

The systematic infill drill program successfully intersected near-surface gold mineralization, less than 50 m below surface. Infill drilling returned a substantial number of drill core intervals with results above the cut-off grade of the current North Lake Resource Model. Data from these results will be used to upgrade the North Lake deposit resource model with a focus on near surface mineralization with open pit potential.

An upgraded resource on the North Lake deposit brings it one step closer towards mine development. Point Deposit - Results from these remaining four holes show an extension of the Point Deposit by an estimated 295m to the south as well as down dip extension of the deposit. Drill hole RM22-060 intersected 3.00 g/t gold over 4.9 meters, including 6.65 g/t gold over 0.8 meters 295m along strike to the south of the historic drill hole RM85-019 in the Point Deposit.

Drill hole RM22-060 is a notable discovery and confirms the potential to significantly expand the Point Deposit. Drill hole RM22-057 successfully extended down dip mineralization at Point Deposit. Multiple mineralized zones were intersected highlighted by 8.60 g/t gold over 2m including 14.50 g/t gold over 1m.

Preview SW Deposit - The Preview SW Deposit is comprised of multiple sub-parallel high-grade lens hosted in a dioritic intrusion. The results are highlighted by drill hole PR22-188 (Figure 4) which was successful in intersecting multiple mineralized zones at depth highlighted by 13.40 g/t gold over 1.55m, 8.85 g/t gold over 0.7m and 9.47 g/t gold over 1.00m. Adit (North) Zone - The Adit Zone (also known as the North Zone) continues to intersect mineralization along strike.

The Adit Zone intersects multiple mineralized intervals highlighted in drill hole PR22-190A, including 6.55 g/t gold over 1.1m and 1.44 g/t gold over 4.2m. Further drilling is warranted to determine the full extent of mineralization. Continuing exploration will determine the viability of encompassing Adit Zone into the Company's hub and spoke model.

Summer Exploration Update - The Company recently concluded a channel sampling program at its North Lake Deposit, which was successful in identifying and sampling the felsite unit up to five hundred meters along strike to the northeast of the North Lake Deposit. The felsite is known to host the North Lake Deposit which includes an Inferred Mineral Resource of 18,100,000 t grading 0.85 g/t Au, representing 494,000 contained ounces of gold. Channel samples were taken across the width of the felsite where exposed.

Visual inspections of the samples identified multiple intervals with increased sheeted quartz veins as well as albite alteration at North Lake. A number of gold deposits around the world are genetically related to albite-rich igneous rocks.