MAS Gold Corp. announced an updated Mineral Resource Estimate for the Preview Southwest Gold Deposit, located in the La Ronge Gold Belt of northeastern Saskatchewan. At a marginal grade cut-off of 0.40 grams per tonne gold/tonne, the Preview SW Gold Deposit is estimated to contain an Indicated Mineral Resource of 5.457 M t grading 1.56 g/t Au, for 273,000 oz of gold, and an Inferred Mineral Resource of 5.852 M t grading 1.40 g/t Au for 263,000 oz of gold.

David Thomas, P. Geo., of DKT Geosolutions Inc. is the Qualified Person for the Preview SW Mineral Resource Estimate update that has an effective date of October 31, 2022. The 2023 update was able to increase the total Mineral Resource by 106,900 ounces Au. The 2016 estimate totalled 5.7 Mt at 1.48 g/t Au for 270,800 oz Au, in the Inferred category and 2.607 Mt at 1.89 g/t Au for 158,300 oz Au in the Indicated category.

The updated estimate follows both Comstock Metal's 2017 and 2018 drill programs (7 holes, 1850m) and MAS Gold's 2022, winter drilling program at Preview SW (2 holes, 600 m). With the results of the 2017 and 2018 drill programs reported in Comstock Metals news releases dated August 24th, 2017, November 9th, 2017 and January 10th. 2019.

The results of the 2022 drill program were reported in MAS Gold's news release dated August 09, 2022. The upgrade in the classification of the Mineral Resource is an important outcome of the 2017, 2018 and 2022 drilling programs that resulted from tighter drill spacing, strategic testing of both down dip continuity and the northeast strike extent of the deposit, and twinning of historical drill holes.