CASTLE PROPERTY

ABOUT Castle-Saddle Trend-Moat Target Area:

The Castle-Saddle Trend is a 10-kilometre ("km") long elongate belt containing multiple Cu-Au+/-Mo porphyry centres and high-grade Au-Ag vein mineralization associated with multiphase intrusions, phyllic and potassic altered rock and high strain fabrics (Figures 2,3,4). About 6.5 km of the trend lies within the Castle Property, and 3.5 km lies on GT Gold's Tatogga property, which includes the Saddle North deposit, and Saddle South Au-Ag vein system. Relative to the Tatogga property, porphyry Cu-Au targets (e.g. Castle Main, Castle East, Castle South), and epithermal gold targets (e.g. Moat and SBX) are underexplored on the Castle property with low density and relatively shallow drilling. Exploration in 2020 tracked the Castle-Saddle Trend to the claim boundary. There, quartz-sericite-pyrite altered, and mineralized porphyritic felsic dykes have been located in talus, sourced from numerous recessively weathered, visible but inaccessible gullies in steep terrane. Mineralization consists primarily of malachite-stained quartz-sulphide veins and felsic dyke margins. Talus fines samples collected on a 700m-long transect across slope and along the claim boundary (Figures 3,4) returned up to 0.65 g/t Au, 16.8 g/t Ag, 1,930 parts per million ("ppm") Cu, 555.3 ppm arsenic ("As") and 2.1 ppm tellurium ("Te") and are part of a 1.2 km long transect of the property boundary with consistently elevated Cu, which has not been tested with drilling to date. The eastern trace of the mineralized dykes within the soil anomaly track directly to GT Gold Corp.'s Saddle South Au-Ag mineralization and beyond toward the Saddle North porphyry Cu-Au deposit. Castle South-SBX Zone: Approximately 1 km south of the main Castle-Saddle Trend, Castle South comprises a parallel corridor of geophysical (IP chargeability) anomalies (Figures 2,3,4) obscured by a faulted panel of sedimentary rock that overlies the interpreted source of the anomalies. On the eastern portion of the geophysical trend, where the thrust panel is interpreted to taper in thickness, soil geochemistry with up to 0.59 g/t Au, 1,194 ppm Cu, 11.3 ppm Mo, 523 ppm antimony ("Sb"), and 880.5 ppm As (Figures 3,4) defines a 500m-long anomaly at the newly termed SBX Zone. Rock grab samples* at SBX include quartz-sulphide breccia on the margins of two parallel, northeasterly oriented, quartzsericite-pyrite altered porphyry dykes and yielded up to 22.2 g/t Au, 191.0 g/t Ag and 0.15% Cu (Table 1 and NR21-01, dated January 6, 2021). Proximity of SBX to chargeability and magnetic anomalies associated with the Castle South corridor may be significant.