SASQUATCH RESOURCES CORP. (CSE: SASQ) ('Sasquatch' or the 'Company') is pleased to announce that it has received lab results from backpack drilling completed in 2022 and 2023 at its Mount Sicker Property, located in southern Vancouver Island, British Columbia.

Six backpack drill holes were completed, reaching depths of between 2.1m and 6.1m, and with all six holes being open and mineralized at the bottom. Five of the completed holes were drilled in the Historic Mining Zone and one was drilled in the Battery Ridge Zone.

Highlights

A cluster of holes were concentrated within a 12-15 meter wide zone where mineralization starts at surface in the Historic Mining Zone, with holes pitched to test the extent of mineralization extending outward and downward. All holes drilled in the Historic Mining Zone were mineralized from surface right to the bottom, with these highlights: BPH01 intercepted 6.1 meters of mineralization graded between 8.32 to 11.25 g/t gold, 4.19 to 9.55% copper, 98.8 to 142 g/t silver and 2.57 to 6.77% zinc ending in mineralization after the backpack drill reached its effective limit.

BPH02 intercepted 3.15 meters of mineralization graded between 2.22 to 4.17 g/t gold, 1.63 to 2.8% copper, 69 to 91 g/t silver, and 10.15 to 14.9% zinc, ending in mineralization as the drill was halted, unable to continue through a quartz vein.

BPH04 intercepted 5.25 meters of mineralization graded between 6.47 g/t to 12.1 g/t gold, 1.59 to 9.43% copper, 109 g/t to 147 g/t silver, and 7.48 to 19.1% zinc ending in mineralization after the backpack drill reached its effective limit.

BPH05 intercepted 2.1m of mineralization graded between 0.63 to 6.31 g/t gold, 6.0 to 6.94% copper, 22.6 to 140 g/t silver and 0.25 to 4.08% zinc, ending in mineralization as the drill was halted, unable to continue through a quartz vein.

BPH06 intercepted 3.35m of mineralization graded between 1.83 to 11.65 g/t gold, 0.59 to 3.33% copper, 89.3 to 122 g/t silver and 11.6 to 18.35% zinc, ending in mineralization as the drill was halted, unable to continue through a quartz vein.

Pete Smith, the Sasquatch CEO, commented, 'These initial results are highly encouraging, confirming for us that there is some high-grade surface mineralization to complement our waste rock story. Should the value and grades in the waste rock prove to be economic, or even near economic, it's certainly possible that mineralization right at surface could add a very intriguing layer of possibilities to any small-scale mining plan.'

Backpack Drilling Details - Historical Mining Zone

The 5 holes drilled in the Historic Mining Zone were drilled in an area of surface mineralization approximately 12-15 meters across, near one of the previous entrances to the Lenora mine. They were all drilled into the same mineralized system, which appears to run partially through the Lenora waste rock area and, potentially, up and down the slope of Mt. Sicker for some distance.

About the Company

Sasquatch Resources Corp. is a mineral exploration company focused on its Mount Sicker Property in southern Vancouver Island, British Columbia.

Contact:

Tel: 778.999.7030.

Forward-Looking Information

Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as 'may', 'expect', 'estimate', 'anticipate', 'intend', 'believe' and 'continue' or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect, including with respect to the Company's business plans respecting the exploration and development of the Mount Sicker Property, the proposed work program on the Mount Sicker Property and the potential and economic viability of the Mount Sicker Property. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

(C) 2023 Electronic News Publishing, source ENP Newswire