Relevant Gold Corp. reports multiple high- grade gold-bearing orogenic shear zones cutting newly recognized mafic greenstones within its 100% owned, 1,557-hectare (3,847 acre) Shield-Carissa project, part of the Company's 14,223 hectare land position in the South Pass Gold Field, Wyoming, USA. The Company completed its 2023 detailed mapping and rock chip sampling program in August and successfully identified five new mineralized shears within a NE-trending structural corridor at least 2.7km x 1km returning numerous gold and silver bearing samples highlighted by 18.9 g/t Au and 486 g/t Ag.

The corridor includes three principal target zones hosting multiple historic gold mines and prospects. The most well-defined is the Palmetto Zone where 2023 mapping identified over 1 km of interlacing shears linking the historic Carrie Shields and B&H mines. Previous (2019) reconnaissance work by the Company along the shear structures that host the historic B & H and Carrie Shields mines identified alteration and quartz veining typical of Abitibi-type orogenic-style gold systems. Grab sampling along the shears included highlight samples reporting 6.5 g/t Au.

Several samples reporting high gold grades (>5 g/t Au), with the best two returning 18.9 g/t Au and 486 g/t Ag, have emerged from the Company's more detailed 2023 work program that focused on the corridor between and along strike of these two historic mines. 2023 geological mapping and sampling identified five new mineralized shear zones, two of which appear to connect these historic mines. In addition to the 5 new shear zones, the 2023 mapping program identified multiple wedges of Abitibi-style mafic greenstone rocks including amphibolite and mafic metavolcanics where historical mapping indicated only metagraywacke rocks.

These greenstone wedges are bounded by secondary shear structures and are hydrothermally altered to chlorite-actinolite-carbonate ± quartz-oxidized sulfide schists cut by mineralized quartz veins reporting highlights results of 5.56 g/t Au. The 2023 work program defined three new target zones along the 2.7 km Shield-Carissa trend: 1) Palmetto, 2) Gold Nugget and 3) Hornet. The Palmetto zone lies at the southwestern end of the trend and incorporates at least three anastomosing shear zones that lie between, and host, the historical Carrie Shields and B & H mines.

The shears are developed along the contacts between mafic rocks and Miner's Delight metagreywacke and show multiple generations of quartz veining. The highest gold grades occur in gray quartz veinlets carrying pyrite and arsenopyrite. Depending on host lithology, alteration selvages are dominated by chlorite-amphibole-carbonate or quartz-sericite-pyrite- both with minor tourmaline.

The alteration selvages are commonly gossanous and is highlighted by samples returning 9.39 g/t Au and 13.4 g/t Au, locally with significant silver mineralization highlighted by a sample returning 486.9 g/t Ag. The surrounding limonite-stained, fractured country rock commonly hosts lower-grade gold mineralization. The central shear appears to be the most continuous-traceable through outcrops for over 1 km from the Carrie Shields mine to northwest of the B&H mine.

2023 sampling along this shear is highlighted by samples returning 13.4 g/t Au, which corroborates earlier samples taken on this shear 150 meters to the NW of the B&H that returned highlighted samples of 6.72 g/t Au. The B&H mine shear runs about 150m to the southeast of the central shear and is traceable for approximately 600 metres. Prior sampling along the interpreted surface projection of the B&H shear found gold mineralization highlighted by samples returning 4.85 g/t Au in outcrops and waste piles, with 2023 sampling ranging from below detection limit - to 5.87 g/t Au.

The third shear runs parallel to, and about 250m northwest of, the central shear and is the least well defined. Sampling along it reports highlighted values of 9.32 g/t Au. This mineralized structure lies north of the Palmetto Zone and is intermittently exposed through cover.

It is traceable through historic exploration diggings including a series of backfilled shafts and small prospects. Dumps here show mylonitized, hydrothermally altered amphibolite and gray, quartz-carbonate veins which reported from below detection limit to 2.9 g/t Au. This mineralized area lies more or less on strike with and to the northeast of the Palmetto Zone.

It appears to be a splay off the regionally important Anderson Ridge Fault and includes at least two mineralized strands. Mineralization is similar to that seen elsewhere in the South Pass Greenstone Belt and has yielded the highest-grade sample collected to date from the entire Shield-Carissa project area from a 1-2m wide shear zone developed along the limb of an anticline. Here, the contact between amphibolite and metagraywacke is cut by quartz veining with a broad alteration selvage from which separate selected grab samples returned 18.96 g/t Au and 5.56 g/t Au, respectively.