Signature Resources Ltd. announced the acceleration of an initial NI 43-101 resource estimate at its 100%-owned Lingman Lake Gold Project in Ontario, Canada. The acceleration results from new evaluation work completed in January 2022, on all exploration data, including historic data compilation completed throughout 2021. During 2021, Signature embarked on and completed extensive exploration data gathering and historical data compilation of Lingman Lake.

This work prompted the Company to conduct a re-evaluation in January 2022, of all exploration data, with a fresh perspective. This re-evaluation led to the decision to accelerate company's plans to commission an initial NI 43-101 resource estimate ("43-101") for Q2/22. The planned 43-101 will provide Signature with several key insights to position the Company's 2022 exploration strategy, including: Establishing a modern NI 43-101 compliant resource that is more representative of the existing mineralization; Providing a better understanding of the associated local geology and geologic controls of the mineralization; and Positioning the team to be able to continue to unlock and extend the pending initial resource with improved geological guidance for drilling as testing and developing new drill targets at LingmanLake.

2022 Next Steps: Signature is in the final stage of engaging a consulting firm to develop the initial 43-101 resource estimate and is targeting completion and publication in Second Quarter 2022. A summary of the 2022 planned and budgeted exploration activities will promptly follow in Q2.