Sego Resources Inc. announced assays of 0.95 g/t Au over 80 m from the first 150 m of DDH 59 (diamond drill hole) that intersected a deep extension of the Southern Gold Zone on the Miner Mountain Project. The property is located 15 km north of the porphyry Cu-Au mineralization at the Copper Mountain deposit and immediately northeast of Princeton, BC. The Southern Gold Zone is an intrusion hosted disseminated gold zone discovered during the Company's 2020 field program (News Release July 7, 2020) that was subsequently drilled during April 2021 (News Release May 27, 2021) and November 2021 (News Release January 31, 2022). The current seven drill-hole program (1582 m) was completed between April 20 and June 1, 2022 and analytical results from only the 150 m of DDH 59 are currently available. Analytical data from the deeper portion of DDH 59 and six drill holes (DDH's 60-65) are pending. DDH-59 was collared 50 m north of DDH 50 inclined at 50° at an azimuth of 160° and drilled to 457 m. The Southern Gold Zone was intersected between 63.12 m and 143.12 m as anticipated (News Release April 13, 2022), and included an interval of >24 g/t Au related with chalcopyrite that averaged 0.92% Cu. This deeper intersection at 0.95 g/t Au over 80 m is comparable to the results from DDH 50 (0.86 g/t Au over 94 m) and the shallower DDH 52 (0.79 g/t Au over 75 m). A >0.1 g/t Au cutoff was utilized for weight length averaging and no cutting of higher grades. The southern mineralized boundary appears to steepen at depth whereas the northern boundary is likely sub-vertical. The deeper portion of DDH 59 is also anticipated to intersect features causing the overlapping strongly induced polarized chargeability and magnetic anomalies between 250 m and 500 m. Fine-grained disseminated pyrite occurs between 215 m and 265 m and trace amounts extend to the end of the hole. Starting at 220 m, several percent disseminated magnetite hosted in a complex biotite diorite intrusion
breccia extends to the end of the hole. The disseminated pyrite and magnetite undoubtedly generated the geophysical anomalies. Only trace sporadic disseminated chalcopyrite is noted in the drill hole. Analytical results from this deeper portion of DDH 59 are pending, as mentioned above. Five holes (DDH 60-64) have tested the western extension of the Southern Gold Zone over 150 m. The seventh final deep hole, DDH 65, collared 100 m east and subparallel to DDH 59 and 50 m north of DDH 49 was drilled to test the potential of deep extension of the Southern Gold Zone and geophysical anomalies. The results of these drill holes will be released as analytical data becomes
available. Drill core was shipped to MSALABS in Langley, BC for sample preparation and analysis. MSALABS is ISO/IEC 17025 and ISO 9001 certified. Samples were analyzed using an aqua regia digestion with an ICP finish. Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's quality assurance/quality control protocol. This news release was reviewed and approved by Ron Britten, Ph.D., P.Eng., a Qualified Person under NI 43-101.