TRU Precious Metals Corp. announced the results from its soil sampling programs completed along the Jacob's Pond trend at its 100% owned Golden Rose Project (‘Golden Rose' or the ‘Project') located in the highly prospective Central Newfoundland Gold Belt. A total of 1,903 soil samples were collected in this region and include sampling completed during the 2022 field season to infill gaps in historical soil sampling coverage.

The soil sampling programs were designed to identify new copper-zinc-lead and gold-silver mineralization and provide additional targets for TRU's 2023 exploration and drilling programs along Jacob's Pond. This target extends over 4 km and includes low- to high-grade critical minerals and gold-silver occurrences which have strong Induced Potential (IP) geophysical and soil anomalies. Soil sampling results have confirmed significant copper, zinc, lead, and gold anomalies in the Jacob's Pond, Twin Ponds, and Bear Pond areas at Golden Rose.

Soil sampling geochemistry results have proven to be a highly effective exploration tool in identifying bedrock copper, zinc, lead, and gold-silver mineralization in Central Newfoundland. By following up on soil geochemistry anomalies through prospecting, geophysical surveys, trenching, and diamond drilling, significant mineral discoveries have been made throughout the Cape Ray - Valentine Lake structural corridor. The 2022 Jacob's Twin soil sampling grid was designed to extend the 2021 grid lines in the Bear Pond to Twin Ponds area an additional 700 to 1,050 m further southeast Soil geochemistry anomalies identified in 2021 were open to the southeast due to the limited length of the grid lines in this area.

During fall 2022, a small follow-up infill soil sampling program was also carried out in an area of heightened interest on the Jacob's Twin grid, in order to tighten up soil grid line spacing to 50 m. The soil sampling results have confirmed a new, previously unrecognized area for further exploration southwest of Jacob's Pond within a splay off the Cape Ray - Valentine Lake Shear Zone, and the presence of an underlying regional structure that may host critical minerals such as copper and zinc, in addition to other minerals including lead, gold, and silver. The soil geochemistry anomalies southwest of Jacob's Pond appear to correspond with several heavily copper mineralized rock samples collected by TRU in 2022, including one rock sample which assayed 14.3 g/t gold (Au), 11% copper (Cu), 368 g/t silver (Ag) and 0.12% antimony (Sb). The soil samples were collected at 25 to 50 m spacing along 100 m spaced lines, and wherever possible soil samples were collected from the B-horizon soil layer.

Each soil sample location was recorded using a hand-held GPS and the sample placed in a plastic bag with a unique sample ID tag. Soil samples were dropped off at either the SGS Canada (‘SGS') laboratory in Grand Falls-Windsor, NL or the Eastern Analytical Limited (‘EAL') laboratory in Springdale, NL for sample preparation, gold fire assay, and 34-element ICP analysis. Both laboratories are independent of TRU.