Mineral Hill Industries Ltd. announced that it has now received the analytical lab results from its Phase I exploration program conducted on the Dot-Apex property (the "Apex-Property") during the late season of 2021 and the Company is very pleased that a number of the rock and soil samples are anomalous and contain elevated gold and silver values. The exploration program consisted of soil and rock sampling surveys, limited geophysical VLF-EM survey and reconnaissance scale geological mapping, designed to investigate positive gold results documented in a National Instrument 43-101 technical report, dated Feb. 28, 2021 (Revised September 9, 2021) commissioned by Mineral Hill.

Majority of the rock samples collected consist of disseminated arsenopyrite with minor pyrrhotite and pyrite mineralization. Eighteen (18) of the 27 rock samples collected contain anomalous gold with elevated values ranging from 0.233 g/t to a high of 4.92 g/t Au. Samples were obtained from both mildly siliceous-carbonate altered, biotite granodioritic intrusive rocks and skarn-altered sedimentary rocks associated with quartz-albite veinlets.

Included in the reconnaissance rock sampling survey was an area not previously investigated, situated at least 1000 meters north of the gold highs noted above. Several samples collected consist of disseminated arsenopyrite with minor pyrite and pyrrhotite carrying gold values ranging 0.758 g/t to 1.9 g/t. This new target area hosts similar alteration and mineralization characteristics and is tentatively interpreted to be the northern extension of the anomalous gold-bearing intrusive granodioritic stock identified to the south. Majority of the multi-element analyzed soil samples show arsenic (As) as a dominant element and is closely associated with the gold, suggesting arsenic is a good pathfinder and exploration tool.

A number of the grid-line control soil samples collected along the southern portion of the Apex zone underlain by intrusive stock carry anomalous arsenic values as high as 7000 ppm with gold-in-soil values of up to 1.41 g/t. and indicate the potential of the mineralized intrusive extending further southward. A total of 15 rock grab samples were collected along a portion of a 40 meter-wide escarpment exposing a highly iron oxidized, sedimentary-hosted altered and mineralized section, representing the Dot zone. Majority of the 15 rock samples are anomalous containing: gold 0.687g/t – 2.07g/t; silver 1.0g/t – 10.2g/t and copper 265ppm – 1765ppm.

Arsenopyrite (As) is closely associated with the anomalous samples ranging 4,910ppm - >1% As. Twenty three (23) reconnaissance soil samples were collected over the mineralized Dot zone. A number of the samples contained anomalous gold of up to 156 ppb Au (parts per billion) and up to 312ppm As.