Paycore Minerals Inc. announced exploration drilling results from the Company's 100%-owned FAD Property located on the Battle Mountain-Eureka Gold Belt in Nevada, USA. Drilling in the South-East Lobe has already proven the lateral extension of the mineralization at FAD to be over 400 metres in length, and up to 400 metres wide. Hole PC22-08A is a 200-metre step-out from the historical resource and drilled into the new South-East Lobe.

This hole intersected the South-East Lobe 47 meters North-Northwest and down-dip of hole GH21-02 and 65 meters North and down-dip of hole PC22-07 (figure 1 below). The base metal grades in hole 08A include a combined lead-zinc grade of 16.6% and 376 g/t silver which are among the highest grade holes drilled to-date. Additionally, the gold mineralization in the carbonate replacement deposit "CRD" is believed to be associated with the large Carlin-style deposit located adjacent to the FAD deposit and could potentially contribute to the higher overall average grade.

Hole 08A intercepted 7.1 g/t Au over 14.8 metres including 15.9 g/t Au over 5.8 meters. This hole demonstrates higher grade mineralization exists down-dip from holes GH21-02 and PC22-07. Additional drilling within the South-East lobe is planned to further test the down-dip extension along with additional step-out drilling outside of the historic resource.

Assay results from the lab have been delayed due to mechanical issues with pending assays from hole PC22-10 expected this month. Hole PC22-10 is also a step-out from the historic resource and a step-out from the previously announced hole PC22-07. Assay results announced in hole PC22-03 are from the near-surface oxide target intercepting oxide mineralization of 6 g/t AuEq over 4.6 metres and 2.94 g/t AuEq over 6.1 metres, within 125 metres from surface.

Hole PC22-03 was drilled proximal to the historic mine workings which were mined over 100 years ago. Historic workings extend along strike of the Ruby Hill Fault for 1.5 km and cover a lateral extent of 0.5 kilometers. This large target will be receive further testing in upcoming exploration drill programs. FAD Main Zone The FAD main zone sulfide mineralization associated with the CRD system has a has a known footprint of approximately 1.5 x 1.5 km and is open in multiple directions.

Little to no exploration has been completed outside of the core mineralized area. The drilling from the 1950's and 60's intercepted multiple zones of high-grade mineralization in the favorable host rock. Paycore will test these horizons which are typical for hosting mineralization in the upcoming drill program.

Oxide Target The near-surface oxide target is located proximal to the historic workings which were mined over 100 years ago. Paycore has only announced two drill-holes to date in this target which includes hole PC22-03 announced today. Highlights from the near surface oxide target to date include: 28.0m of 4.5 g/t AuEq consisting of 1.0 g/t Au, 25.7 g/t Ag, 1.0% Pb, 4.3% Zinc and 0.09% Cu from a depth of 39.6m to 67.7m in hole PC22-02 And; 23.9mof5.3 g/t AuEq consisting of 2.3 g/t Au, 23.8 g/t Ag, 0.4% Pb, 4.1% Zn and 0.09% Cu from a depth of 86.7m to 110.6m.

4.6m of 6 g/t AuEq consisting of 2.5 g/t Au, 119.1 g/t Ag, 0.9% Pb and 2.6% Zn from a depth of 62.5m to 67.1m in hole PC22-03 announced And; 6.1m of 2.94 g/t AuEq consisting of 1.54 g/t Au, 19.1 g/t Ag, 1.9% Pb and 0.5% Zn from 121.9m to 128m With additional drilling there is a potential to define a near-surface oxide resource proximal to historic mine workings. Paycore is currently modeling the old workings to define an exploration program on the oxide target. Jackson-Fault Discovery Corridor A new corridor of carbonate hosted silver-lead-zinc mineralization was recently discovered at i-80 Gold's Hill Top discovery.

The discovery was made on the north-south trending Jackson Fault system which is largely untested and under-explored due to extensive alluvial and volcanic cover. The targeted Jackson-Holly fault system of North striking faults with NW cross faulting extends approximately 8-10 kilometres and hosts numerous CRD systems, including mines at Mineral Point on the North end, extending South to the Diamond and Hamburg mines in New York and Windfall Canyons. The silver-lead-zinc mineralization discovered by i80 Gold is hosted in the Goodwin Limestone, which is largely untested.

This opens up a new opportunity for potential discoveries on Paycore ground. The Goodwin Limestone lies in the hanging wall of the Jackson Fault system. There is nearly 3 kilometres of the Jackson-Fault and widespread exposure of Goodwin Limestone on Paycore's property that is poorly tested.

Paycore is currently planning an exploration program which will include testing this new discovery corridor. Paycore has completed over 10,264 metres of drilling to-date. Assay results are pending for hole PC22-10 and will be announced upon receipt and review of results.