McLaren Resources Inc. announced that it has added an additional 18 mineral exploration claims, covering approximately 380 hectares ("ha"), to its prospective McCool gold property. McLaren recently announced it had intersected high grade gold mineralization, including 16.5 grams per tonne gold ("g/t Au") over 6.0 metres ("m"), including 21.1 g/t Au over 4.5 m; 10.8 g/t Au over 9.0 m, including 59.3 g/t Au over 1.5 m; 7.9 g/t Au over 4.5 m, including 21.8 g/t over 1.6 m; and 58.4 g/t Au over 1.5 m; as well as wide intervals of lower grade gold mineralization, in recently completed exploration diamond drilling on the McCool property. This high grade gold mineralization was intersected over a strike length of approximately 500 m and to a vertical depth of approximately 340 m. McLaren completed 4,361 m of diamond drilling in 11 holes on the property in the fall of 2022 as follow-up to historical diamond drilling completed by previous operators during the period 1982- 1987.

McLaren's McCool property is located in the prolific Timmins Gold Region of Northeastern Ontario, Canada where well over 70 million ounces of gold have been produced to date. In addition, the property is located adjacent to neighbors that are rapidly expanding large gold deposits in the area (Moneta Gold Inc., Mayfair Gold Corp. and HighGold Mining Inc.) and is also adjacent to Agnico Eagle Mines Limited's Holt Mine Complex property and along trend from McEwen Mining Inc.'s Black Fox Gold Mine.

Seven of the new claims were acquired from two independent Timmins area prospectors. The other eleven claims were recently acquired from another independent prospector for 100,000 common shares of McLaren. These new claims are all contiguous with McLaren's original McCool property which now comprises a mining lease and 76 mineral claims, together covering approximately 1,770 ha.

The new claims cover a known gold showing as well as the western extension of the Center Hill Fault, which hosts the gold mineralization drilled to date on the McCool property and which is interpreted as a splay off of the Destor-Porcupine Fault, which hosts numerous gold deposits in the surrounding area.