McLaren Resources Inc. announced that it has 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 completed on its 100%-owned McCool gold property. The McCool property is located adjacent to neighbors that are rapidly expanding large gold deposits (Moneta Gold Inc. ("Moneta") and Mayfair Gold Corp. ("Mayfair")) and is also adjacent to Agnico Eagle Mines Limited's Holt Mine Complex property, all in the prolific Timmins Gold Region of Northeastern Ontario, Canada where well over 70 million ounces of gold have been produced to date.

McLaren completed a total of 4,361 m of exploration diamond drilling in 11 core holes during two drilling campaigns on the McCool property in the fall of 2022. The 11 holes were drilled along the Centre Hill Fault to investigate induced polarization ("IP") and ground magnetic ("GM") geophysical anomalies that were outlined from ground geophysical surveys completed on the property in February 2022. The types of IP and GM geophysical signatures outlined on the property are known to be closely associated with gold deposits discovered elsewhere in the general area.

The current drill holes were also designed to further evaluate and trace the significant gold mineralization known to occur on the property from the work of previous operators during the period 1982-1987. Nine of the current holes intersected gold mineralization over a strike length of approximately 500 m along the Centre Hill Fault. The deepest gold intersection occurred at a vertical depth of approximately 340 m in hole MCC22-8. The most significant and farthest east and south gold intersection occurred at a vertical depth of approximately 290 m in hole MCC22-9. It appears as though this hole will need to be deepened in the future as a significant gold intersection occurs right at the end of the hole.

Several of the current holes intersected intervals of intensely altered rocks containing variable amounts of quartz vein breccia, interflow sediments, pyrite and arsenopyrite sulphide mineralization, sericite, ankerite, syenite, and minor fuchsite, all elements associated with gold mineralization discovered on adjoining properties. Additional diamond drilling is planned by McLaren to further define the lateral and vertical depth extent of the encouraging gold mineralization discovered to date on the McCool property.