Solstice Gold Corp. provided an update on the ongoing exploration program at its Stewart Lake Project ("SLP") in the English River Subprovince ("ERS"), approximately 275 km NNE of Thunder Bay, Ontario. The Company also recently added 73 km2 to the western margin of the SLP, increasing its ERS land package to 268 km2, following discovery of extensive pegmatites with fertile mineralogy.

Approximately 65% of the property has been evaluated at a reconnaissance scale. Field programs will continue until October while weather conditions permit. Key 2023 exploration details: Fertile indicators have been identified in pegmatites and sampled in all areas of the project explored to date over the course of the ongoing 2023 field season.

The majority of the areas identified in satellite photo analysis have abundant pegmatites. Pegmatite thicknesses vary from meter-scale up to over 30mthick, with several pegmatites exceeding 25m. One 30m-thick pegmatite crosscuts English River metasediments and has a strike length of at least 200m.

Abundant fertile indicator minerals have been identified in pegmatite, containing one or more of muscovite, garnet, tourmaline, cordierite, and a widespread unidentified blue-green mineral. Large areas of pegmatite with 30 to 50 cm feldspar crystals and locally meter-scale crystals of albite were identified. Preliminary and ongoing geochemical analysis using LIBS2 has identified a lithium-enriched trend of over 40ppm Li in alkali feldspars (40 - 150ppm), which will require more follow-up prospecting and analysis.

Similar readings in alkali feldSpars have been shown to be reliable indicators for the presence of spodumene in known lithium districts. Ongoing work will expand reconnaissance prospecting in currently unexplored areas of the project and will also include detailed follow up in priority areas based on observations and results to date. The Company plans to extend its in-depth and systematic prospecting and sampling program throughout the fall.

Key areas that have not been prospected will be systematically explored. The Company also acknowledges the support of the Ontario Government with a $200,000 grant through their Ontario Junior Exploration Program. Pursuant to the OJEP grant, Solstice will receive up to $200,000 to cover 50% of eligible exploration costs on the project, which represents a meaningful milestone in advancing exploration at SLP.

Solstice acquired its extensive land position in February 2023. The project area is previously unexplored and was acquired for rare element pegmatite exploration based on its geological similarity to the Quetico Subprovince (fertile granites in a dominantly metasedimentary setting), located to the south which hosts several rare element pegmatite deposits, as well as the presence of approximately 150 pegmatites up to 28m thick (core length) in drill core in a small part of the project area which was explored in the late 1950's to early 1960's for iron mineralization. In addition, the OGS recommended the area for exploration in February 2023 also based on general similarities with the Quetico geological Subprovince and a beryl-bearing pegmatite located to the east of Solstice's claims.