Riley Gold Corp. announce that the results from an extended data review over the past several months has led to the start of new field exploration activities at its Pipeline West/Clipper Gold Project (“PWC”) located in Lander County, Nevada. The program will include a large soil sampling program and detailed field mapping, along with re-logging of historic drill holes.

Additional work being planned could include a more detailed CSAMT geophysical survey covering the recently defined, 3-kilometer Target Trend. When completed, Riley Gold will have the information necessary to plan drill targets for an expected 2023 drill program.PWC is almost entirely surrounded by Nevada Gold Mines (“NGM”), which is a joint venture between Barrick Gold Corp. and Newmont Corporation.

PWC's main project boundary is only 600 metres (“m”) east of NGM's Gold Acres open pit, where a window into carbonates of the lower plate of the Roberts Mountains Thrust outcrops (Figure 2). Additionally, PWC's south and eastern property boundary is approximately 1,000 m from NGM's Pipeline/Gap Mine. On the north and west, PWC adjoins Ridgeline Mineral's (“Ridgeline”) Swift project which is subject to a earn-in transaction between Ridgeline and NGM whereby NGM can earn up to a 70% interest by spending $30M (up to 75% by arranging debt funding for Ridgeline's portion of development costs).