Spanish Mountain Gold Ltd. announced the Company expects to receive the results of the System Impact Study (SIS) from BC Hydro (the province's utility company) in second quarter, 2024 for a new 230 kilovolt, 60 mega-watt renewable power transmission line into the Spanish Gold Mountain project ("Project") located in the Cariboo Gold Corridor near likely, British Columbia, Canada. As part of the ongoing project optimization work being undertaken, the transmission line was increased to a larger line than specified in the 2021 Prefeasibility Study Report to increase available power to accommodate electrification of the mining fleet, provide flexibility in the processing circuit and other potential modifications as a result of the ongoing Project optimization currently being undertaken by the Company.