Signal Gold Inc. provided a summary of its near-term priorities for 2024, building on the significant advancements made in 2023 at both the Goldboro Project and as a Company. Despite significant challenges in 2023 for junior mining companies, Signal Gold has made important advancements at the Goldboro Project, especially with its exploration programs and its permitting activities. In 2024, the Company is focused on those activities that will continue to add value to the Goldboro Project, including continued growth exploration along strike of the Goldboro Deposit and regionally, while aggressively pursuing all final project permits.

Growth Exploration - In 2023, the Company undertook its largest ever growth exploration program, comprising 11,435 metres from 61 drill holes. The Company intersected significant mineralization to the west of its current Mineral Resource, indicating the potential to delineate additional Mineral Resources. 10.85 g/t gold over 1.3 metres (209.6 to 210.9 metres) in hole BR-23-395; and Drill results in 2023 conclusively demonstrate continuous gold mineralization between western extent of the Goldboro Deposit and the past producing Dolliver Mountain Mine, bringing the total strike length of known mineralization to 3.4 kilometres.

The drilling west of the Mineral Resource may represent the up-plunge extension of mineralization beneath the existing planned pits at depth offering the potential for further underground resource growth in the future, as the Company has never drilled deeper than 550 vertical metres. In 2024, the company is focused on the discovery of additional gold deposits and expanding Mineral Resources at Goldboro. The Company plans to continue drill testing exploration targets along strike from the Goldboro Deposit based on recent drill results, and to test regional exploration targets within the consolidated Goldboro Gold District to identify potential Mineral Resources that could leverage planned mine and mill infrastructure.

The Company will begin in-house resource modelling of recent drill results, west of the existing Goldboro Mineral Resource. This will also help to guide further drilling. The significantly expanded prospective land position, contiguous to the Goldboro Project, encompasses a 28-kilometre strike length along the Goldboro Trend and a 23-kilometre strike length across theeal Harbour Trend.

Already in 2024, the Company has increased its exploration license area to over 27,200 hectares (~272 km2) surrounding Goldboro, acquiring prospective land immediately north of, and contiguous with, the Project which covers gold, antimony and tungsten glacial till anomalies which have not been previously drill tested and represent additional discovery potential in the Goldboro Gold District. Maintaining an Exceptional Social License - The Company continued to actively engage and support surrounding local and indigenous communities throughout 2023, including detailed engagement with Rightsholders and stakeholders on provincial and federal authorizations and permits, potential impacts to fish and fish habitat and related compensation plans, through public open house sessions and targeted meetings, such as meetings with the Goldboro Community Liaison Committee. The Company was recently proud to collaborate with the Ministry of Human Resources Council on a 12-week training program for Mining Essentials, providing recognized training for mining skills to local indigenous community members.

Signal Gold remains committed to advancing the Goldboro Project to become the next fully permitted, construction ready, gold project in Canada. Intervals are reported as core length only. True widths are estimated to be between 70% and 100% of the core length.