Blue Star Gold Announces Option Grants

Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) ("Blue Star" or the "Company") announces that it has granted incentive stock options to purchase a total of 700,000 common shares at an exercise price of $0.50 per common share for a period of 5 years to certain directors, officers, consultants and employees in accordance with the provisions of its stock option plan.

About Blue Star Gold Corp.

Blue Star is a gold company focused on exploration and development within Nunavut, Canada. Blue Stars landholdings total approximately 270 square kilometres of highly prospective and underexplored mineral properties in the High Lake Greenstone Belt, Nunavut. The Company owns the Ulu Gold Property lease, an advanced gold project, the highly prospective Hood River Property that is contiguous to the Ulu mining lease, and the Roma Project. A significant high-grade gold resource exists at the Flood Zone deposit (Ulu lease), and numerous high-grade gold occurrences and priority targets occur throughout the Ulu, Hood River and Roma Projects.

Blue Star is listed on the TSX Venture Exchange under the symbol: BAU, the U.S. OTC Exchange under the symbol: BAUFF, and on the Frankfurt Exchange under the symbol: 5WP0. For information on the Company and its projects, please visit our website: www.bluestargold.ca.

For further information, please contact: Grant Ewing, P. Geo., CEO Telephone: +1 778-379-1433 Email: info@bluestargold.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX-Venture Exchange) accepts responsibility for the adequacy or accuracy of this Release.

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Nunavut, Canada's easternmost territory, was a marvel of natural resources and investment opportunities long before its split from the Northwest Territories in 1999. Since then, the territory has seen a mining and economic boom that many new, modern states rarely see. Mineral exploration investment has increased five-fold and Nunavut is now the northern leader in exploration investment.

On the global stage, Nunavut ranks within the best 30 jurisdictions worldwide based on the geologic attractiveness and government policies in support of exploration. The territory hosts a perfect storm of investor interest and several highly prospective precious minerals projects, including an operational diamond mine and permitting-stage gold projects.

Blue Star Gold (TSXV: BAU, FSE: 5WP0, OTCQB: BAUFF) is an exploration and development company focused on high-grade gold and silver projects in Nunavut. The company delivers a significant opportunity for value creation based on its highly prospective precious metal assets and resource growth potential. Blue Star's experienced and skilled team primes the company for success in mining endeavors and strong relationship formation with regulatory bodies and local communities.

Nunavut boasts a politically stable and mining-friendly jurisdiction. Over several decades, the territory has built significant investor relations in the natural resource sector and hosts some of the lowest capital, small business and corporate taxes in the country. These conditions strategically position Blue Star Gold for fast-tracked development and provide the excellent potential for resource expansion and future advanced drilling campaigns.

The company currently has two contiguous gold projects in operation, its flagship Ulu gold project and Hood River property. The Ulu gold project hosts an extensive high-grade gold resource that Blue Star intends on expanding in the future. New discoveries on this core asset also demonstrate high-quality mine transformation potential.

Ulu's main deposit called Flood Zone has approximately 605,000 ounces of gold measured and indicated at grades of 7.5 g/t gold over 2.5 million tonnes. Further inferred resources show an additional 226,000 ounces of gold at 5.57 g/t over 1.26 million tonnes.

The Hood River property is relatively unexplored but poses an exciting opportunity for precious metal discovery. Historic work from neighboring projects forecast promising gold yield, which has since been supported by high-grade surface samples on numerous showings on the property. Blue Star currently has over 20 gold drill targets identified for future resource growth.

When asked about immediate plans for the next 12 months, Blue Star Gold CEO Grant Ewing discussed advanced technological data collection and analysis. “We've had several generations of work, but no one has really put the data altogether. So that's the first step we've undertaken with this Ulu project." This foundational step would create an in-depth geological scaling model of the property compiled in a state-of-the-art GIS database.

Much of Blue Star's success can be attributed to its very supportive shareholder base and strong management team. Combining expertise from geological, exploration and financial sectors, the management and technical team primes the company for significant growth.

With a core gold asset and another very high-quality exploration project, the company has a clean focus that prioritizes development and stakeholder interests.

The Ulu property covers an area of 947 hectares approximately 523 kilometers north of Yellowknife, Northwest Territories, and within the Kitikmeot Settlement Area of Nunavut. The project site is accessible via fixed-wing aircraft or seasonal ice road and benefits from local infrastructure, including telecommunications, administrative and housing structures.

The property's main deposit, the Flood Zone, is a northwest-trending, shear hosted anastomosing vein/alteration system. A 2020 exploration program reported gold assay results that measured 14.95 g/t gold over 13.8 meters (upper zone) and 9.65 g/t gold over 6.0 meters (lower zone). Additionally, the secondary Gnu Zone deposit has seen partial drilling exposure of its inferred 66,000 ounce gold resource and it is open for expansion with numerous proximal targets.

In 2020, Blue Star conducted a significant diamond drilling program at its Ulu and Hood River properties. The operation included 7,624 meters of drilling over 38 diamond drilling holes.

Future plans include an updated resource estimate, as well as exploration focused on expanding resources at the Flood and Gnu deposits. Past metallurgical tests indicate excellent gold recoveries, which poses exciting possible discoveries and economic prosperity in Blue Star Gold's future.

The Hood River property spans an 8,015 hectare area in Nunavut, Canada, and has a 20 year renewable Mineral Exploration Agreement (MEA) issued by Nunavut Tunngavik in June 2013. The property covers the southern portion of the High Lake Greenstone Belt, known for rich gold resources and structural characteristics similar to the prolific Red Lake Belt in Ontario.

Exploration of the property identified 26 mineralized showings spread across five main zones: North Fold Nose, Crown, Penthouse South, Penthouse North and Blackridge. A 2019 drilling and prospecting program reported significant mineral samples graded between 3.9 g/t gold and 31 g/t gold, the highest of which was at North Fold Nose.

The project's underexplored history presents investors with an entry-level opportunity for this high-quality project. Blue Star Gold plans to conduct further prospecting and sampling to identify and prioritize prospective gold targets.

Grant Ewing is an accomplished mining executive with a strong technical foundation and solid business acumen. He is a professional geologist by background and has over 25 years of experience in the mineral industry and the last 10 years in senior executive roles.

Ewing's extensive knowledge base covers the entire mine development cycle, from early-stage exploration to production, in several different commodities. He has experience building value by managing the development of exploration assets from the discovery phase to economic evaluation. Strong corporate development and investor relations, merger and acquisitions and capital markets knowledge complement his mineral industry experience.

Ewing has experience with several successful mineral exploration and development companies at the executive level throughout his career, including Rockridge Resources, Kiska Metals/AuRico Metals and Acadian Mining, among others. Ewing is also a qualified person under National Instrument 43-101.

Robert James Metcalfe is a lawyer and was a senior partner with the law firm Lang Michener LLP for 20 years. He is the former President and CEO of Armadale Properties and Counsels to all of the Armadale Group of Companies, with significant holdings across numerous industries including finance, construction of office buildings, airport ownership, management and refurbishing, land development and automotive dealerships as well as newspaper publishing, radio and television stations. Metcalfe has served as president, CEO, lead director, chairman and committee member on numerous publicly listed natural resource and industry company corporate boards in Canada, the USA, England, South America and Africa.

As director and shareholder, Metcalfe has been engaged in numerous acquisitions, divestitures, corporate reorganizations, financings and corporate improvements, and served on multiple special committees across many sectors. He is a member of the Institute of Corporate Directors and a member in good standing of the Law Society of Upper Canada.

Andrea Yuan is a Chartered Professional Accountant in British Columbia and a Certified Public Accountant in New Hampshire. Yuan obtained her Bachelor of Economics from Shanghai University of Finance and Economics in 1994 and started her career as an internal auditor and then as team head of the internal audit department at the Bank of China's Shanghai Pudong branch in China from 1994 to 1999. After arriving in Canada in 1999, she worked in various senior accounting positions. From 2004 to 2011, she worked at Davidson and Company LLP, Chartered Accountants, where she advanced to an audit principal. In November 2011, Yuan started her own financial and management consulting company, Black Dragon Financial Consulting Services Inc. She acted as CFO for several public companies listed on the TSX Venture Exchange.

Darren Lindsay is a registered professional geoscientist in BC, NU and NT with over 25 years of mineral exploration experience across four continents, focusing on orogenic gold systems. In addition to more than 15 years working in the Slave Structural Province with BHP Minerals, Inmet Mining, Miramar Hope Bay, Newmont and NxGold, Lindsey has also worked on orogenic gold deposits in Ontario, Guyana, Ghana and Western Australia. He was directly involved with and led teams for belt-scale exploration, resource expansions, and feasibility level studies of gold deposits in the Hope Bay Belt, Nunavut. Also, Lindsey was a key member of the team that defined prospective stratigraphy hosting the northern deposits of the Hope Bay belt that led to the targeting and substantial expansion of the mineral resources leading to the purchase of Miramar Hope Bay by Newmont.

Lindsey holds a B.Sc. honors degree in geology from the University of British Columbia and a B.Sc. honors degree in biochemistry from Carleton University.

Peter M. Kuhn is a proactive mining executive recognized for vision and creative problem solving with extensive experience in international projects. He has held senior positions with Thyssen Mining Construction, BLM Mining Services in Sudbury, Bullion River Gold and his own private company. In 2014, he joined WPC Resources and was General Manager of Blue Star Gold Corp. until he was appointed a Technical Advisor. Kuhn holds a Master of Engineering degree from the Technical University of Clausthal, Germany.

Eugene Flood is a professional geologist with more than 35 years of experience in Canada and internationally. Flood discovered the Flood Zone on the Ulu property in June 1989 for BHP Minerals and found several additional mineralized zones on this property, including the Central Zone, West Limb, East Limb, South Zone, Gnu Zone, Zebra, Apex, and the Northern Fold Nose Zone. Flood has also been involved in all aspects of the Ulu project, including mapping, drilling and calculating the first resource on the Flood Zone and identified the Doris Lake area in North Hope Bay, Nunavut.

As the owner of Flood Consulting, he has provided GIS-based spatial prospectively analysis for such clients as Goldfields, B2 Gold and Goldcorp. Currently, he acts as technical advisor to Aurion Resources in the Central Lapland Greenstone Belt in Finland. In addition to 10 years working in the Slave Structural Province, Eugene has also worked on orogenic gold deposits in Ontario, Sweden, Finland, French Guyana and Brazil.

Flood graduated from Lakehead University with a B.Sc. degree in geology in 1985.

Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) ("Blue Star" or the "Company") is pleased to provide all final outstanding results including surface samples, re-sampled historical drill core and drilling results from the 2021 exploration program at its Ulu Project located in the High Lake Greenstone Belt, Nunavut.

Highlights of the 2021 Drill Program:

CEO Grant Ewing commented, "Blue Star has numerous very prospective target zones throughout its extensive landholdings that have seen only limited modern-day exploration as most of the focus historically has been on delineating our high-grade Flood Zone gold deposit. The addition of the Roma project in 2021 and the discovery of a new vein system at the Gnu Zone, which represents a different style of gold mineralization from that of the Flood Zone deposit, adds to our potential for further new discoveries and resource growth. The 2021 exploration program successfully delivered several gold intersections in different zones on our projects and upgraded and expanded Blue Star's extensive target pipeline."

Mr. Ewing continued: "With the final release of the 2021 program assay data, we now have a better understanding of the geochemical and structural controls on our projects. We continue to unravel the structural architecture and develop improved targeting techniques, and the team is excited to test these concepts in our upcoming 2022 exploration program."

Blue Star initiated its 2021 exploration program in June with a geophysics campaign, followed by a drill campaign and a surface exploration program and successfully completed all phases of the program in September. The exploration campaign evaluated several high priority targets near the known high-grade Flood Zone gold deposit on the Ulu Project. Objectives of the 2021 program included better understanding the controls of higher-grade zones within the hosting structures, evaluating additional structures on and adjacent to the Ulu fold hinge, and defining additional targets for potential near-term discovery.

Summary The final results from the 2021 exploration program are summarized below. Drill results are from the Flood Zone, the NFN target, the Central Zone, and the Gnu area with a single aborted hole reported from the East Limb target. Also included are additional results from core sampling completed through alteration zones in historical core that were not sampled previously, and surface samples from the regional evaluation work.

The final drill hole testing the Flood Zone, 21BSG025, intersected the targeted near surface mineralization which returned 4.65 m of 5.80 g/t gold from 25 m. Additional samples were collected from historical drill core in the Flood Zone, including holes 04UL-02, 04UL-09, 92VD154, 92VD155, and 92VD165. The sampling in 04UL-02 was successful in expanding a mineralized interval by 6.15 m. The previously unsampled interval was between high-grade and low-grade lenses, and the sampling program resulted in a significant improvement in the overall interval. The revised continuous mineralized interval expanded to 26.35 m at 3.36 g/t gold including 7.45 m of 6.90 g/t gold. Sampling of 92VD165 expanded shoulder samples from a historic 12 g/t gold value; the previous interval was 5.8 m at 2.83 g/t gold. The revised interval is 8.80 m of 2.43 g/t gold including 1.55 m of 8.05 g/t gold.

Two drill holes were completed at the NFN Target to better model a section through the geology and mineralization. It appears the shallow dipping west limb of the folded target zone is thin and carries highly variable but generally lower gold grades than the more steeply dipping east limb and the inferred hinge zone. Hole 21BSG017 returned 2.05 m of 10.10 g/t gold.

Follow up drill holes to significant results in the Gnu Target Area included one hole to confirm the previously reported intercept in 21BSG007 (8.15 m of 20.8 g/t reported on Sept. 01, 2021). This drill hole, 21BSG020, returned an interval of multiphase veining with an assay result of 5.34 m of 3.72 g/t gold (approximate true with of 5 m) which includes an interval of polymetallic vein (1.60 m of 7.33 g/t gold) and an interval of quartz vein (1.94 m of 4.12 g/t gold). Two additional short holes evaluated a surface exposure of a multiphase, metre-scale quartz vein interpreted to be the possible extension of the vein in drillholes 21BSG007 and 21BSG020. Only one hole intersected the inferred structure with a narrow intercept of 0.95 m at 1.53 g/t gold. Hole 21BSG022 stepped eastward along the acicular target zone and returned a wide alteration zone of 5.18 m of 0.59 g/t gold containing an interval of interest of 1.00 m of 1.32 m g/t gold.

A single drill hole evaluated the inferred intersection of the Central and Axis zones; 21BSG018 returned no values of interest. One hole was set to evaluate the first target in the East Limb Zone but was aborted; drill hole 21BSG019 returned 0.94 m of 2.07 g/t gold in the hanging wall of the primary target zone before the hole was aborted due to mechanical problems with the drill rig.

Surface sampling from the Roma Project returned numerous anomalous grab samples from the Roma North, Roma Main and Roma Fold areas including 2.91 g/t and 12.60 g/t gold respectively (range of detection limit to 12.6 g/t gold). These are in addition to the previously reported till samples.

"Significant delays in laboratory turnaround times for all explorers impacted some "in the field" decisions; nonetheless, our 2021 results have clearly demonstrated some key areas to tighten up our drill spacing and the teams improving geological knowledge of the mineralizing system has added additional targets to our pipeline for the coming year. In addition, the expanded Hood River concession area pulls in solid targets like Twilight and the consolidation of Roma along the little explored Kennarctic Shear is expected to provide additional exciting news flow in 2022," commented Darren Lindsay, Vice President Exploration.

Hole 21BSG-025 is dominated by basalt, with several intervals of quartz-feldspar porphyry less than 1 m wide. Several anomalous gold intervals were intersected near the top of the hole (5.59 g/t gold from 18.00 - 19.44 m; 5.80 g/t gold over 4.65 m from 25.15 - 29.80 m; 9.18 g/t gold over 0.43 m from 38.35 - 38.78 m; 1.85 g/t gold over 0.87 m from 44.13 - 45.00 m) corresponding to mineralized planes within or slightly footwall to the Flood Zone. All zones correlate with increased As and variable Ti content of the basalt host rock (i.e. a change from high to low or low to high Ti across the interval that is anomalous in gold).

Several intervals in hole 04UL-02, which were not sampled when the hole was drilled 2004, were sent for assay based on modern sampling procedures. The intervals included the core between anomalously grading intervals. Samples that returned elevated gold have helped to define the continuous gold mineralization of the Flood Zone in this drillhole.

Broad alteration zones in 92VD154 and 92VD155 were sampled and returned weakly anomalous results. Unsampled material bracketing a 12 g/t gold interval in hole 92VD165 was sampled and resulted in an expansion of the anomalous interval from 5.8 m at 2.83 g/t gold to 8.80 m of 2.43 g/t gold. The gold found in these three drillholes lie in planes not currently modelled as part of the Flood Zone. This is encouraging as it indicates the potential for unrecognized, possibly subparallel planes of mineralization within and footwall to the existing modelled planes.

The polymetallic vein system at the Gnu zone is currently interpreted to consist of at least two subparallel north-northeast trending multiphase veins hosting gold +/- chalcopyrite +/- sphalerite +/- arsenopyrite. An unrelated acicular arsenopyrite-hosted gold system is oriented east-southeast.

The polymetallic vein system was tested with several drillholes throughout the 2021 drill program; results from 21BSG-020, 21BSG-021, 21BSG-023 and 21BSG-024 are reported here.

Hole 21BSG-020 intersected the easternmost polymetallic vein (quartz with 1% pyrrhotite and pyrite) at a depth of ~111 m (5.34 m at 3.72 g/t fold) which is ~30 m up-dip from the high-grade intercept reported previously in hole 21BSG-007 (8.15 m at 20.8 g/t gold), confirming the approximate true width of the zone. Visible gold was noted at 116.30 m. Hole 21BSG-021 intersected this plane 200 m along strike to the south, across a transition from gabbro to the north and mafic volcanics to the south. The moderately strained, strongly biotite and leucoxene altered gabbro hosts intervals of quartz veins and silicified rock with 1% blocky arsenopyrite, 2% pyrite and 2% pyrrhotite. 2 g/t gold is reported from 23.00 - 23.50 m.

Holes 21BSG-023 and 21BSG-024 returned weakly anomalous gold values and did not intersect the polymetallic veins but did contribute to understanding the geology of the area. Further drilling will focus on testing the strike extension of the known veins, while exploring for more subparallel veins in the system.

Hole 21BSG-022 tested the Gnu zone acicular arsenopyrite trend ~60 m to the east of the intersection at the bottom of hole 21BSG-007. A wide zone of alteration was intersected between ~124 m and 129 m, and returned an interval of 1.32 g/t gold over 1 m from 128.63 - 129.63 m. This interval is moderately strained, hosts quartz veinlets, and correlates with elevated arsenic and silicification.

North Fold Nose (NFN) Zone

Drillholes 21BSG-013 and 21BSG-017 tested the extent of mineralization hosted in the synformal, moderate south-plunging NFN zone, which is concentrated at the contact between mafic volcanic rock and sedimentary rock.

Hole 21BSG-013 targeted the west limb of the NFN zone. 2.33 g/t gold over 0.66 m was returned at the contact between basalt and sedimentary rock from 101.29 - 101.95 m. The core is altered to muscovite, carbonate, and chlorite-actinolite and contains 7% pyrite, 6% pyrrhotite and 2% blebby arsenopyrite. An additional small zone grading 0.12 g/t gold was intersected higher in the hole from 76.28 - 76.79 m, comprising a weakly silicified and amphibole-carbonate altered section sulphides.

Hole 21BSG-017 targeted the east limb of the NFN zone and intersected the contact between basalt and sedimentary rock at 171.26 m. Mineralization is concentrated at this contact with 10.10 g/t gold over 2.05 m from 171.26 - 173.39 m. The interval is sheared with intense pervasive silicification and quartz veining with visible gold noted at 171.80 m. 7% pyrite, 7% pyrrhotite, 2% blocky arsenopyrite, trace chalcopyrite and sphalerite are present.

Central - Axis - East Limb Zones

21BSG-018: Central Zone acicular trend near Axis trend intersection.

This drillhole targeted the Central Zone acicular arsenopyrite trend. The hole was collared in fine grained basalt which is present throughout the length of the hole except for a unit of gabbro intersected from 10.64 - 75.21 m. A brittle structure with fault gouge is present from 64.46 - 64.88 m. Additional work to better understand potential merging of the zones or offset of the zones is required to explain the lack of mineralized and altered sections in this drill hole.

21BSG-019: East Limb Zone acicular trend.

The East Limb Zone is likely the southern extension of the Central A and B mineralized planes. Hole 21BSG-019 intersected 2.07 g/t gold from 16.20 - 17.14 m in the hanging wall of the primary target zone before the hole was aborted due to mechanical problems with the drill rig. This intercept is ~200 m east along trend of the next nearest anomalous assay result hosted in the Central A plane. A second anomalous gold interval (1.27 g/t gold from 71.95 - 72.5 m) lies in the hanging wall of the Central B plane, and may represent another, new zone. There is a lack of drilling in this area, and more drillholes will enable a more robust interpretation.

A surface grab sample from the Roma Fold prospect returned 12.60 g/t gold from a massive acicular arsenopyrite boulder in a silicified vein zone with limited surface expression. The structure was traced in historical mapping for at least 300 m and historic sampling along this trend returned values of 4.51 and 5.58 g/t gold. The detailed heliborne magnetics survey completed in 2021 outlined a distinct magnetic anomaly over the mineralized trend. A surface grab sample from the Roma Main target returned 2.91 g/t gold from acicular arsenopyrite in the hanging wall of a quartz vein. The zone potentially extends 2,300 m along strike based on mapped surface oxidation of the structure. Samples at Roma ranged from detection limit to 12.60 g/t gold.

Table 1. Drill hole results (uncut) using core lengths compositing +1 g/t gold values with acceptable internal waste of up to 3 metres. True widths are estimated to be 90% - 95% of the reported intervals.

Figure 1: Map of the Ulu and Hood River Area.

To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/2421/113780_bdbbc397a4510ae5_003full.jpg.

Figure 2: Plan Map of 2021 Drilling.

To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/2421/113780_bdbbc397a4510ae5_004full.jpg.

Initial proposals and planning are underway for the 2022 exploration program. Currently this is envisioned as a balanced program that targets:

The program is expected to include regional geophysical and geochemical surveys and select mapping and prospecting over areas that have been identified as highly prospective for new discovery.

Technical Disclosure Full collar tables and assay tables will be made available on the website in due course. Core samples were cut by core saw with one half of the core retained and the other half sent for analysis. Samples were prepared by ALS Yellowknife-Geochemistry and analyzed at ALS Global, North Vancouver. Gold analysis was by fire assay using ALS code Au-AA26 and multielement analysis by code ME-MS61. Control samples included a crush duplicate every 20 samples and certified reference material inserted once every ten samples. Reported assay intervals are uncapped, use a minimum 1 g/t gold assay cut off with the inclusion of up to 3 metres of material below cut-off. True widths for all but the Flood Zone are not known due to lack of drilling and may range from 90% to 95% of drilled lengths.

Qualified Person Darren Lindsay, P. Geo. and Vice President Exploration for Blue Star, is a Qualified Person under National Instrument 43-101 ("NI 43-101") and has reviewed and approved the technical information contained in this news release.

About Blue Star Gold Corp.

Blue Star is a gold company focused on exploration and development within Nunavut, Canada. The Company owns the Ulu Gold Property lease, an advanced gold project, the highly prospective Hood River Property that is contiguous to the Ulu mining lease, and the Roma Project (which is contiguous to the High Lake Project).Blue Stars landholdings have recently been increased to approximately 267 square kilometres of highly prospective and underexplored mineral properties in the High Lake Greenstone Belt, Nunavut. A significant high-grade gold resource exists at the Flood Zone deposit (Ulu lease), and numerous high-grade gold occurrences and priority targets occur throughout the Ulu, Hood River and Roma Projects.

Blue Star is listed on the TSX Venture Exchange under the symbol: BAU, the U.S. OTC Exchange under the symbol BAUFF, and on the Frankfurt Exchange under the symbol: 5WP0. For information on the Company and its projects, please visit our website: www.bluestargold.ca.

For further information, please contact: Grant Ewing, P. Geo., CEO Telephone: +1 778-379-1433 Email: info@bluestargold.ca

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION This press release contains "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding prospective income and revenues, anticipated levels of capital expenditures for fiscal year, expectations of the effect on our financial condition of claims, litigation, environmental costs, contingent liabilities and governmental and regulatory investigations and proceedings, and estimates of mineral resources and reserves on our properties.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets, strategic actions, including acquisitions and dispositions and our success in integrating acquired businesses into our operations, developments and changes in laws and regulations, including increased regulation of the mining industry through legislative action and revised rules and standards applied by the regulatory bodies in Nunavut, changes in the price of fuel and other key materials and disruptions in supply chains for these materials, closures or slowdowns and changes in labour costs and labour difficulties, including stoppages affecting either our operations or our suppliers' abilities to deliver goods and services to us, as well as natural events such as severe weather, fires, floods and earthquakes or man-made or other disruptions of our equipment, and inaccuracies in estimates of mineral resources and/or reserves on our mineral properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/113780

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Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) ("Blue Star" or the "Company") is pleased to announce the signing of an expanded Hood River Mineral Exploration Agreement (MEA) with Nunavut Tunngavik Inc. (NTI).

Blue Star owns the Ulu Gold Property mining lease that hosts the high-grade Flood Zone gold deposit, and the highly prospective Hood River MEA property that is contiguous to the Ulu mining lease. With the recent expansion of the Roma Project and now the expanded Hood River Project, the Company controls approximately 267 square kilometres of highly prospective and underexplored mineral properties in the High Lake Greenstone Belt (HLGB), Nunavut.

CEO, Grant Ewing, stated, "The expanded Hood River Project provides Blue Star with multiple new targets areas to assess, with some of the most compelling additional areas lying within 2 kilometres of our high-grade Flood Zone gold deposit."

Following the increase in landholdings announced today, the Hood River Project area now encompasses 112 square kilometres of highly prospective mineral claims in the HLGB. At the North Fold Nose (NFN) zone there is a mineralized quartz vein that has been subject to drill evaluation in 2019 and 2020 with results pending for 2021 drillholes. Previously reported intercepts include: HR20-017: 3.0 metres of 13.87 g/t gold from 164.0 metres depth, HR-19-002: 1.0 metre of 48.7 g/t gold from 58.0 metres depth, and HR-19-009: 1.0 metre of 32.5 g/t gold from 96.0 metres depth.

Limited exploration has occurred on the Crown-Pro trend to the east, which is a folded package of volcanic units similar to the Ulu Anticline that hosts the high-grade Flood Zone deposit.

An additional underexplored section of the Ulu volcanic package is the southern extension of the west limb of the Ulu fold which is the host to the Flood Zone deposit.

Blue Star now controls the diamond rights across the full Hood River MEA area including the known Tenacity diamondiferous kimberlite and a field of unsourced kimberlite indicator mineral samples. Of interest is the substantial length of the inferred Tenacity till train; it has been previously hypothesized that a train of this size cannot be from a single source opening additional opportunity for a new kimberlite field.

"This expanded project area captures some high interest prospects and anomalies that were forgotten when the Flood Zone was discovered. These will add to our already substantial pipeline of targets in the region," commented Darren Lindsay, Vice President Exploration.

Blue Star is awaiting the balance of the assay results from the 2021 exploration program which will be reported as they are received. Detailed planning and scheduling for the 2022 exploration program is now underway. It is anticipated that the field component of the program will launch in May and will entail drill testing several priority target areas over the Company's extensive landholdings.

Figure 1: Location map of the expanded Hood River Project Area. To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/2421/111414_95dd3744c4abcb74_003full.jpg

Darren Lindsay, P. Geo. and Vice President Exploration for Blue Star, is a Qualified Person under National Instrument 43-101 ("NI 43-101") and has reviewed and approved the technical information contained in this news release.

About Blue Star Gold Corp.

Blue Star is a gold company focused on exploration and development within Nunavut, Canada. The Company owns the Ulu Gold Property lease, an advanced gold project, the highly prospective Hood River Property that is contiguous to the Ulu mining lease, and the Roma Project. Blue Stars landholding totals approximately 267 square kilometres of highly prospective and underexplored mineral properties in the High Lake Greenstone Belt, Nunavut. A significant high-grade gold resource exists at the Flood Zone deposit (Ulu lease), and numerous high-grade gold occurrences and priority targets occur throughout the Ulu, Hood River and Roma Projects.

Blue Star is listed on the TSX Venture Exchange under the symbol: BAU, on the Frankfurt Exchange under the symbol: 5WP0, and on the OTC under the symbol: BAUFF. For information on the Company and its projects, please visit our website: www.bluestargold.ca.

For further information, please contact: Grant Ewing, P. Geo., CEO Telephone: +1 778-379-1433 Email: info@bluestargold.ca

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION

This press release contains "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding prospective income and revenues, anticipated levels of capital expenditures for fiscal year, expectations of the effect on our financial condition of claims, litigation, environmental costs, contingent liabilities and governmental and regulatory investigations and proceedings, and estimates of mineral resources and reserves on our properties.

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Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) ("Blue Star" or the "Company") is pleased to provide results from an additional eight (8) drill holes from the 2021 exploration program at its Ulu Project located in the High Lake Greenstone Belt, Nunavut. Results from ten (10) drill holes remain outstanding.

Highlights from the recently completed drill program:

CEO, Grant Ewing, stated, "It is very encouraging that the technical team continues to find new and innovative ways to more effectively assess the multitude of target areas over our extensive district scale landholdings. High precision lithogeochemistry is unraveling the volcanic stratigraphy and linked with our structural interpretation, we now have a much better understanding of the controls of the major mineralized breaks. The current priority sequence is initially testing targets near our high-grade Flood Zone gold deposit, and gradually stepping out to more regional priority target zones. We look forward to receiving the balance of the results from our 2021 program as some of the strongest results are anticipated in the drill holes that are still outstanding."

"Results for an additional ten drill holes are outstanding from the 2021 exploration program in the NFN, Central and Gnu areas but are expected soon. With recent geochemical work refining the stratigraphy hosting the better-known mineralized zones in conjunction with our results to date, the exploration team is working on defining a balanced infill, expansion and new discovery program for 2022," commented Darren Lindsay, Vice President Exploration.

Recent reviews of the geochemical data have indicated the presence of a 'high-Ti' and at least one 'low-Ti' mafic volcanic sequence. The contact zones of the high-Ti sequence appear to be closely associated with strong alteration and gold anomalism including defining the Flood Zone deposit structural corridor. Further work is required to conclusively add this targeting tool to our exploration toolbox.

The results presented today are the initial drill evaluations of the Axis Zone, a target zone located in the hanging-wall of the Flood Zone Deposit within 100 metres of the historical underground workings, and a drill fence across three parallel zones known as Central A, B, and C located approximately 250 metres east of the Flood Zone deposit.

The Axis Zone target was defined by historical surface sampling, alteration mapping and limited historical shallow drilling. Blue Star drilling confirmed the mineralized trend with stronger results located closer to the projected lateral intersection of the Axis Zone and Central Zone. This is also an area where the geochemically defined stratigraphy indicates a similar structural juxtaposition as the one observed at the Flood Zone.

A drill fence testing the Central Zones evaluated the three known mineralized planes from shallow 50 metre vertical levels to deeper 300 metre vertical levels below surface. Drill results show that gold mineralization extends to the deepest level tested. Current understanding suggests that the three zones may converge at depth, providing a compelling target area for future drill campaigns.

One additional drill hole from the original Gnu polymetallic vein is reported which did not intercept the expected target most likely due to a change in structural trend of the interpreted vein feature. Additional detailed drilling is required to follow up in this target area in 2022 (previously reported 21BSG006: 2.18 m of 11.06 g/t gold).

21BSG-008: Gnu Zone original polymetallic vein test. This drillhole tested the continuation of a modelled high-grade polymetallic quartz vein at a vertical depth of 90 metres, collared south along strike from BS2020-ULU-007 (52.7 g/t gold from 25.0 - 27.0 m), 92VD161 (18.8 g/t gold from 165.37 - 167.85 m), and 21BSG-006 (11.06 g/t gold from 48.04 - 50.22 m). The drillhole intersected gabbro for the length of the hole, with localized moderate to strong leucoxene alteration. Although some intervals of anomalous arsenic were seen in assay data, no intervals of anomalous gold were reported. The polymetallic quartz vein was not intersected, but lithological and assay data has helped inform a new working interpretation of the location, azimuth and dip of the target which will be used for further drill evaluation.

21BSG-009: Axis Zone acicular trend. This drillhole tested two modelled basalt-hosted acicular arsenopyrite trends situated between the Flood Zone and the Central acicular arsenopyrite trends. A highly strained interval with quartz, 4% acicular arsenopyrite, 7% blebby chalcopyrite, 2% blocky chalcopyrite and 4% blocky pyrite was intersected from 83.00 - 86.00 metres and returned gold assay values of 2.51 g/t. These drill results helped inform a more robust reinterpretation of the Axis Zone acicular arsenopyrite trend, which has been remodelled as one, rather than two, planes subparallel to both the Flood Zone and the Central acicular arsenopyrite trends. This interpretation is supported by drill results from 21BSG-016.

21BSG-016: Axis Zone acicular trend. Similar to hole 21BSG-009, this drillhole tested two modelled acicular arsenopyrite Axis trends. It is collared 60 metres northwest of 21BSG-009 and intersects variably textured and altered basalt for the length of the hole. From 88.05 - 89.49 metres, 2.26 g/t gold (including 4.30 g/t gold over 0.49 metres) was intersected in a basalt-hosted calc-silicate altered quartz vein with 7% subhedral arsenopyrite, 2% pyrrhotite and 1% pyrite. These drill results support the re-interpretation of the location, azimuth and dip of the Axis plane which was initiated by results from hole 21BSG-009.

21BSG-015: Axis Zone/Central acicular trend. This hole tested the two modelled acicular arsenopyrite trends within the Axis zone and the western-most plane of the Central trends (the 'C' trend). Basalt with two minor meter-scale intervals of sediment is intersected from the top to bottom of the hole. From 78.08 - 78.87 metres an interval hosting 15% acicular arsenopyrite, 3% blebby arsenopyrite, 3% blocky and stringers of pyrite, and 2% blocky and blebby pyrrhotite returned 3.80 g/t gold (including 6.80 g/t gold from 78.08 - 78.44 metres). This interval correlates to the Central C trend, or the intersection of one or more Axis trends with the Central C trend.

21BSG-010: Central Zone acicular trend. This drillhole tested the Central Zone B and C acicular arsenopyrite trends and intersected variably textured and altered basalt throughout. At 16.00 - 17.00 metres depth, the Central B plane is interpreted to be intersected as a brecciated structure which returned a modest, but relatively elevated, gold value of 0.42 g/t over 1 metre. The C plane is intersected from 91.00 - 94.00 metres as a brecciated and highly strained interval of fine-grained basalt, with strong silicification and bands of biotite and chlorite alteration, with 10% acicular arsenopyrite, 4% pyrrhotite, 3% chalcopyrite, and 3% pyrite. The interval grades 5.21 g/t gold over 3 metres. This interval corresponds with a transition from high-Ti basalt outside of the anomalous gold zone to low/moderate-Ti basalt from 92.00 - 94.00 metres. From 156.00 - 157.00 metres, 1.94 g/t gold over 1 metre is intersected, corresponding with a new plane of interest.

21BSG-011: Central Zone acicular trend. This drillhole tested the Central A, B, and C planes, and intersected variably textured basalt with minor sediment throughout. From 20.00 - 21.12 metres the Central A plane was intersected in basalt, grading 1.08 g/t gold over 1.12 metres, and correlating with a transition from moderate-Ti to low-Ti basalt. The Central B plane was not intersected or not mineralized. At the predicted depth, basalt is strongly altered (variably bleached from 113 - 124 metres, with 5% chaotically oriented mm-scale quartz-carbonate-Fe oxide veinlets). The Central C plane is intersected between 192.74 - 198.40 metres. The gold grade is low, but relatively elevated (0.35 g/t over 1 metre from 192.21 - 193.21 metres; 0.69 g/t over 1.2 metres from 197.20 - 198.40 metres). A sedimentary unit intersected just above the weakly anomalous basalt intersection has accommodated ductile (folded primary mica and chlorite) and brittle (two intervals of fault gouge at 10 cm and 21 cm wide) strain.

21BSG-012: Central Zone acicular trend. This hole tested all three Central planes. It is collared in gabbro which extends for ~14 metres followed by a ~15 metre interval of sediment then basalt for the rest of the hole, with one ~30 metre interval of gabbro from 247.80 - 276.10 metres. None of the planes of interest are well expressed. Intervals of high strain and brecciation, sometimes with fault gouge, may be the expression of the Central planes in this drillhole. Not corresponding to a known zone, relatively elevated gold at 0.27 g/t over 1.07 metre occurs from 15.00 - 16.07 metres at the margin of a fine-grained basalt and it's lower, faulted contact with sediment. The basalt-sediment contact is mineralized in other target areas.

The predicted depth of the Central A plane coincides with a basalt and its lower contact with a gabbro at 247.80 metres; this contact is marked by a highly strained mineralized zone from 242.24 - 242.60 metres comprising 6% pyrrhotite and 4% pyrite. The interval from 386.18 - 393.40 metres contains a 10 cm wide interval of brecciation within a high strain zone and up to 5% pyrrhotite-pyrite, and a 55 cm wide interval with moderate fault gouge and several fractures. No anomalous gold values were returned, but the interval is at the correct depth to correspond with the Central C plane.

21BSG-014: Central Zone acicular trend. This drillhole targeted the three Central planes. Like hole 21BSG-012, it is collared in basalt, and intersects thin intervals of gabbro then sediment at the top of hole, then basalt for the remainder of the hole. Two intervals with anomalous gold correspond to the Central B and C planes. From 345.12 - 346.12 metres, 1.18 g/t gold is intersected over 1 metre; from 358.58 - 362.62 metres, 2.72 g/t gold is intersected over 4.04 metres.

Table 1. Drill hole results (uncut) using core lengths compositing +1 g/t gold values with acceptable internal waste of up to 2 metres. True widths estimated to be 90% - 95% of intervals.

Figure 1: Map of the Ulu and Hood River Area. To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/2421/110701_ec92d01474b6395b_003full.jpg

Figure 2: Plan Map of 2021 Drilling. To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/2421/110701_ec92d01474b6395b_004full.jpg

Blue Star initiated its 2021 exploration program on June 23 with a geophysics campaign, a drill campaign starting on July 16th, and surface exploration on August 1st and successfully completed all phases of the program in September.

The Exploration campaign evaluated several high priority targets in the area of the known high-grade Flood Zone Gold Deposit on the Ulu Project, and on high potential targets along the Ulu fold hinge. Numerous priority targets exist along the 5 km long Ulu Anticline which extends from the Flood Zone Deposit onto the contiguous Hood River Project up to the North Fold Nose Zone.

Targets considered high priority on the Hood River and Roma Projects had basic initial exploration campaigns to better understand host geology, confirm structures and existing anomalous zones and undertake initial geochemical surveys to determine potential to generate additional targets of interest.

Objectives of the 2021 program include better understanding the controls of higher-grade zones within the hosting structures, evaluating additional structures on and adjacent to the Ulu fold hinge, and defining additional targets for potential near-term discovery.

The balance of the assay results from the program will be reported as they are received. The slow turnaround of assays results from the lab is an issue facing the entire sector due to covid-related disruptions and the high level of mineral exploration in Canada.

Full collar tables and assay tables will be made available on the website in due course. Core samples were cut by core saw with one half of the core retained and the other half sent for analysis. Samples are being prepared by ALS Yellowknife-Geochemistry and being analyzed at ALS Global, North Vancouver. Gold analysis is by fire assay using ALS code Au-AA26 and multielement analysis by code ME-MS61. Control samples include a crush duplicate every 20 samples; certified reference material is being inserted once every ten samples. Reported assay intervals are uncapped, use a minimum 1 g/t gold assay cut off with the inclusion of up to 2 metres of material below cut-off. True widths for all but the Flood Zone are not known due to lack of drilling and may range from 90% to 95% of drilled lengths.

About Blue Star Gold Corp.

Blue Star is a gold company focused on exploration and development within Nunavut, Canada. The Company owns the Ulu Gold Property lease, an advanced gold project, and the highly prospective Hood River Property that is contiguous to the Ulu mining lease. With the recently expanded Roma Project, Blue Star now controls approximately 27,000 hectares of highly prospective and underexplored mineral properties in the High Lake Greenstone Belt, Nunavut. A significant high-grade gold resource exists at the Flood Zone deposit (Ulu lease), and numerous high-grade gold occurrences and priority targets occur throughout the Ulu, Hood River and Roma Projects.

For further information, please contact: Grant Ewing, P. Geo., CEO Telephone: +1 778-379-1433 Email: info@bluestargold.ca

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Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) ("Blue Star" or the "Company") is pleased to announce the signing of an additional Mineral Exploration Agreement (MEA) with Nunavut Tunngavik Inc (NTI) and the staking of additional claims resulting in the continued consolidation of the Roma Project. Additionally, the Company provides an update on the initial geochemical surveying completed at the Roma Project, located in the High Lake Greenstone Belt (HLGB), Nunavut.

CEO, Grant Ewing, stated, "Our Ulu Project hosts the high-grade Flood Zone deposit and is a great core asset for Blue Star however we are also taking advantage of opportunities that are accretive to the project as a whole. Consolidating a significant land position in the north part of the High Lake Greenstone Belt immediately adjacent to the High Lake VMS deposit and having drill ready targets transforms Blue Star into a regional player."

Following the increase in landholdings announced today, the Roma Project area now encompasses 145.2 square kilometres of highly prospective mineral claims in the HLGB. At Roma Main there is a mineralized quartz vein measuring up to 3.0m wide traceable for approximately two kilometres. Results include grab samples to 126 g/t gold and an intersection of 12.38 g/t gold over 2.31m from limited drilling. At Roma Fold, there is a mineralized 1.0 - 2.5m wide quartz vein traceable for 350m in an anticlinal sequence of basalt and sediments. Surface sampling returned gold values up to 5.6 g/t gold but this showing was never drilled.

The structural setting and mineralization style of Roma Fold are similar to the high-grade mineralization that occurs at the Flood Zone deposit on the Company's Ulu Project located 48 kilometres due south (see News Release dated February 18, 2021 for more details).

"Last explored roughly 25 years ago, the limited Roma field program in 2021 conducted familiarization traverses, mineralized showing checks and undertook some preliminary geochemical surveying. Given the limited work, the Roma Main showing is considered drill-ready and the initial geochemical surveys are indicative of additional previously unsampled potential target areas. I am excited that such a limited work program indicates solid potential for near term discovery on the Roma Project," commented Darren Lindsay, Vice President Exploration.

The balance of the assay results from the program will be reported as they are received. The slow turnaround of assays results from the lab is an issue facing the entire sector due to COVID related disruptions and the high level of mineral exploration in Canada.

Figure 1: Location map of the consolidated Roma Project Area. To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/2421/109762_2cd629fe749a3b19_003full.jpg

Figure 2: Initial geochemical survey results (a) North Roma and, (b) South Roma Project Area indicating 'open' anomalous trends. To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/2421/109762_2cd629fe749a3b19_004full.jpg

See the Company's website for a detailed discussion of the Roma geochemical results.

About Blue Star Gold Corp.

For further information, please contact: Grant Ewing, P. Geo., CEO Telephone: +1 778-379-1433 Email: info@bluestargold.ca

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Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) ("Blue Star" or the "Company") announces that, further to its news releases of November 4, 2021 and November 17, 2021, and subject to the final approval of the TSX Venture Exchange (the "Exchange"), it has closed the final tranche of its non-brokered private placement (the "FT Private Placement") of flow-through common shares (the "FT Shares") by issuing 296,000 FT Shares at a price of $0.72 per FT Share raising gross proceeds of $193,680.

The Company also announces that, subject to the approval of the Exchange, it has closed its non-brokered private placement (the "Share Private Placement") of common shares (the "Shares") by issuing 735,294 Shares at a price of $0.68 per Share, raising gross proceeds of $500,000.

The Company raised total gross proceeds of $2,093,680 in the FT Private Placement and Share Private Placement.

The FT Shares and Shares are subject to a four-month hold period pursuant to securities laws in Canada and, where applicable, the Exchange. The Company intends to use the net proceeds from the Share Private Placement and FT Private Placement for exploration and development of the Company's projects in Nunavut and general working capital, as permitted.

No finder's fees were paid in connection with the final tranche of FT Private Placement or Share Private Placement.

Dr. Georg Pollert, a director and controlling shareholder of the Company, received 735,294 Shares pursuant to the Share Private Placement. As a result, the issuance of these Shares is considered a related party transaction (as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101")). The Company relied upon the "Fair Market Value Not More Than $2,500,000" exemption from the formal valuation and minority shareholder approval requirements, respectively, under MI 61-101.

Additionally, the Company announces that, subject to the approval of the Exchange, it intends to extend the expiration date of a total of 2,201,000 post-consolidated Warrants issued by the Company on December 17, 2020 pursuant to a non-brokered private placement by one year. The Company originally issued 22,010,000 Warrants as part of the private placement of units and on June 18, 2021, the Company completed a 10:1 consolidation of its issued and outstanding Shares, resulting in the concurrent Consolidation of the Warrants.

The Warrants are exercisable into Shares of the Company at a post-consolidated price of $1.10 per Share and currently have an expiration date of December 17, 2021. The Company wishes to extend the expiry date of the Warrants to 4:00PM PST on December 17, 2022. All other terms and conditions of the Warrants remain the same.

About Blue Star Gold Corp.

Blue Star is a gold and silver company focused on exploration and development within Nunavut, Canada. The Company owns the Ulu Gold Property lease, an advanced gold and silver project, and the highly prospective Hood River Property that is contiguous to the Ulu mining lease. With the recent acquisition of the Roma Project, Blue Star now controls over 16,000 hectares of highly prospective and underexplored mineral properties in the High Lake Greenstone Belt, Nunavut. A significant high-grade gold resource exists at the Flood Zone deposit (Ulu lease), and numerous high-grade gold occurrences and priority targets occur throughout the Ulu, Hood River and Roma Projects.

Blue Star is listed on the TSX Venture Exchange under the symbol: BAU, the Frankfurt Exchange under the symbol: 5WP0, and the OTCQB under the symbol: BAUFF. For information on the Company and its projects, please visit our website: www.bluestargold.ca.

For further information, please contact: Grant Ewing, P. Geo., CEO Telephone: +1 778-379-1433 Email: info@bluestargold.ca

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Titan Minerals (ASX:TTM) (“Titan”, the “Company”) is pleased to advise that the following Board and Executive Management changes:

Titan’s Chairman, Mr Peter Cook said:

“These are very positive changes for Titan as it moves forward with its exploration activities in Southern Ecuador and as the Company aligns its activities with its core business. We thank Laurie for his work and efforts in the restructure of Titans Ecuadorian business and the facilitation of processes enabling exploration works to re-start at the Company’s key projects.

These are exciting times for Titan and we pleased to see Matt Carr step up into the role as acting CEO where his experience and history on these projects can greatly assist the appropriate sizing and direction of activities on the group assets can enable rewards for our shareholders.

We are particularly pleased that Ms Tamara Brown who with significant North American capital markets and Ecuadorian experience has endorsed these projects and agreed to join the Board. In addition, her operational and technical experience and knowledge of Ecuadorian business and cultural practices will be of great assistance to our in-country team.

In addition, it is most pleasing that such an experienced and highly successful geologist in Mike Skead has also endorsed these projects and has moved to Ecuador to manage their progression as COO and Country Manager. When such a successful and renowned geologist makes such a move motivated by his passion for geology and a view that he can make yet another major discovery should be very comforting for our shareholders and future investors. Mike has already made big technical in-roads at our projects lifting our scientific approach and fiscal discipline in exploration expenditure. He is followed by Pablo Morelli as our newly appointed in-country Exploration Manager who is so strongly endorsed by Mike.”

These appointments form part of the Company's wider strategy to accelerate the focus of Titan in order to unlock value at Titan's projects for both the Company and shareholders.“

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This article includes content from Titan Minerals , licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

GCM Mining Corp. (TSX: GCM; OTCQX: TPRFF) announced today the release of its audited consolidated financial statements and accompanying management's discussion and analysis (MD&A) for the year ended December 31, 2021. All financial figures contained herein are expressed in U.S. dollars ("USD") unless otherwise noted. Non-GAAP financial performance measures in this press release are identified with "NG" . For a detailed description of each of the non-GAAP measures used in this press release and a detailed reconciliation to the most directly comparable measure under IFRS, please refer to the Company's MD&A.

Lombardo Paredes, Chief Executive Officer of GCM Mining, commenting on the 2021 results, said, "In 2021, we accomplished what we set out to achieve last year. We met our production guidance for the sixth consecutive year. Our exploration program at Segovia not only replaced what we mined last year, it contributed to significant increases in our mineral reserves and resources and yielded solid results in our brownfield drilling campaign. We advanced the expansion of our Maria Dama processing plant and we commenced operations at the new polymetallic plant at Segovia. We continued to demonstrate our commitment to ESG in our operations and in the communities in which we work. We strengthened our balance sheet, and through the acquisition of the Toroparu Project in Guyana and the successful Senior Notes issuance, charted a course to grow the Company through diversification. We also returned about $17 million to shareholders through our monthly dividends and NCIB purchases. In the year ahead, we will continue to focus on the execution of our growth plans at both of our cornerstone assets while returning value to our shareholders through our monthly dividends. On behalf of the Board and management, I would like to thank all of our people for making 2021 another successful year for GCM Mining."

Fourth Quarter and Full Year 2021 Highlights

(1) Includes production from the Marmato Project up to February 4, 2021, the date of loss of control of Aris. (2) Refer to "Non-IFRS Measures" in the Company's MD&A.

(1) Commencing the third quarter of 2021, the Company is maintaining a portion of its liquidity in gold bullion. As at December 31, 2021, the Company had 2,500 ounces in its gold bullion account. (2) The Senior Notes were issued in August 2021 and are recorded in the Financial Statements at amortized cost. At December 31, 2021, the carrying amount of the Senior Notes outstanding, including accrued interest of $8.1 million, was $294.8 million. (3) The Gold Notes were recorded in the Financial Statements at fair value and were fully redeemed in September 2021. At December 31, 2020 and 2019, the carrying amounts of the Gold Notes outstanding was $38.5 million and 69.0 million, respectively. (4) The Convertible Debentures are recorded in the Financial Statements at fair value. At December 31, 2021, 2020 and 2019, the carrying amounts of the Convertible Debentures outstanding were $19.5 million, $28.4 million and $21.1 million, respectively. (5) The Aris Gold Notes were issued in August 2020 and were recorded in the Financial Statements at fair value. At December 31, 2020, the carrying amount of the Aris Gold Notes outstanding was $73.2 million. The Aris Gold Notes were non-recourse to the Company and were derecognized on February 4, 2021, the date of loss of control of Aris.

After pivoting its focus in 2021 to implement a strategy for growth through diversification, GCM's outlook for 2022 is centered around its two cornerstone assets, the Segovia Operations in Colombia and the Toroparu Project in Guyana.

At Segovia, the Company has produced a total of 33,658 ounces in the first two months of 2022, up from 30,415 ounces in the first two months of 2021, and its trailing 12-months' total gold production at the end of February 2022 stood at 209,632 ounces, up about 1.6% over 2021. The expansion of the Maria Dama plant from 1,500 to 2,000 tpd is essentially complete, except for the expansion of the crushing facility that is expected to be completed in the second quarter this year. GCM expects that it will operate the expanded plant at about 85% to 95% of capacity in the second half of 2022, increasing its expected annual production for 2022 to between 210,000 and 225,000 ounces of gold.

GCM spent a total of $45.0 million for sustaining capital expenditures NG , including mine exploration and development, and another $10.9 million on non-sustaining capital expenditures NG , including brownfield exploration, Maria Dama plant expansion and completion of the new polymetallic plant. For 2022, GCM has committed to undertake another robust diamond drilling campaign that will comprise approximately 91,000 meters with up to 52,000 meters of in-mine and near-mine drilling and 15,000 meters of underground in-fill drilling at its four producing mines together with 24,000 meters of brownfield drilling at its high-priority targets within the other 24 known veins it is not currently mining in its Segovia mining title. The Company expects that its sustaining capital expenditures NG in 2022 may range between $50 million to $55 million, including the planned drilling at its four producing mines. Non-sustaining capital expenditures NG in 2022 are expected to total up to $10 million, including the brownfield drilling campaign and expenditures to complete the Maria Dama plant expansion, to upgrade and automate certain components in the polymetallic plant and construct additional warehouse space, to commence construction of its new solar generation project and to implement a new ERP system in the Segovia Operations.

In 2021, GCM completed the updated MRE and a PEA for the development of the Toroparu Project. The Company also commenced various pre-construction activities in 2021, including hiring of the project team and key contractors, preparation of the camp facilities, revamping of the local airstrip to enhance logistics and access to the site, design and civil works related to the camp, road and water management, electrical network design, permitting, design of its initial ESG initiatives and various studies associated with environmental matters at the project site. Following completion of the PEA, the Company immediately commenced activities, including additional infill drilling, to advance the studies for the project to prepare a preliminary feasibility study ("PFS"). The Company is in the midst of a competitive bid process and plans to incorporate a change to contract mining in the PFS that is now expected to be finalized early in the third quarter of 2022, at which point formal construction of the project is expected to commence. The final mining license is also expected to be received in mid-2022. In light of the various pre-construction activities underway, the Company continues to anticipate that production will commence from the Toroparu Project in early 2024.

The Company remains committed to its dividend program at the current monthly rate of CA$0.015 per share and expects to continue to repurchase common shares, within certain price ranges, for cancellation under its NCIB to support continued value creation for its shareholders.

On March 21, 2022, the Company announced it has subscribed to a $35 million 7.5% convertible senior unsecured debenture (the "Aris Debenture") to be issued by a wholly-owned subsidiary of Aris to pay a portion of the purchase price for the acquisition, through a joint venture company, of a 20% ownership interest (the "Acquisition") in the Soto Norte gold project in Colombia. The issuance of the Aris Debenture is conditional upon closing of the Acquisition by Aris, expected to occur in April 2022, and is subject to the approval of the TSX. The ability of the Company to fully execute its conversion rights under the Aris Debenture is subject to disinterested Aris shareholder approval at its next annual meeting of shareholders.

As a reminder, GCM Mining will host a conference call and webcast on Friday, April 1, 2022 at 9:00 a.m. Eastern Time to discuss the results.

Webcast and call-in details are as follows:

A replay of the webcast will be available at www.gcm-mining.com from Friday, April 1, 2022 until Friday, April 29, 2022.

GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at Segovia Operations. Segovia produced 206,000 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining pays a monthly dividend to its shareholders and has equity interests in Aris Gold Corporation (44%; TSX: ARIS; Colombia – Marmato), Denarius Metals Corp. (28.6%; TSXV: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (26%; TSX-V: WA: Nunavut – Meadowbank).

Additional information on GCM Mining can be found on its website at www.gcm-mining.com and by reviewing its profile on SEDAR at www.sedar.com .

Cautionary Statement on Forward-Looking Information:

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to the continuation of operations during the COVID-19 situation, production guidance, future capital expenditures, closing of the Aris Debenture and related approvals and other anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of GCM Mining to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 31, 2022 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and GCM Mining disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

For Further Information, Contact: Mike Davies Chief Financial Officer (416) 360-4653 investorrelations@gcm-mining.com

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NOVAGOLD RESOURCES INC. ("NOVAGOLD" or the "Company") (NYSE American, TSX: NG) has published its 2021 Annual Report (the "annual report").

This year's annual report includes a special feature highlighting a discussion between NOVAGOLD's Chairman Dr. Thomas Kaplan and John Hathaway, portfolio manager of Sprott Hathaway Special Situations Strategy and co-portfolio manager of the Sprott Gold Equity Fund. They discuss the gold market trajectory, jurisdictional safety and cryptocurrencies. Dr. Kaplan emphasizes NOVAGOLD's unique position to significantly outperform its peer group, particularly in the current market environment. The interview was filmed at the New York Stock Exchange in December 2021 and a video of the conversation is available at www.novagold.com/media-gallery .

In the report, NOVAGOLD's President and CEO Greg Lang summarizes many milestones that were achieved in 2021, including the advancement of our Donlin Gold project up the value chain against the backdrop of the global COVID-19 pandemic, with the highest safety standards and no lost-time incidents on site. Mr. Lang highlights the Company's ESG principles, along with its strong time-tested relationships with the project's Native Corporation partners – Calista Corporation and The Kuskokwim Corporation – with whom we are committed to responsible mine development in the Y-K region. In addition, Mr. Lang outlines the Company's 2022 goals and budget, as well as reviews NOVAGOLD's strong financial position.

The 2021 annual report is available on NOVAGOLD's website https://www.novagold.com/investors/financials/ .

If you would like to receive a hard copy by mail, please send an email request to info@novagold.com .

NOVAGOLD welcomes comments, questions, or suggestions about the annual report and related information. Please send your feedback to info@novagold.com.

Mélanie Hennessey Vice President, Corporate Communications

604-669-6227 or 1-866-669-6227

Cautionary Note Regarding Forward-Looking Statements

This media release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation, including the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", "would" or "should" occur or be achieved. Forward-looking statements are necessarily based on several opinions, estimates and assumptions that management of Barrick and NOVAGOLD considered appropriate and reasonable as of the date such statements are made, are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, included herein are forward-looking statements. These forward-looking statements include statements regarding assay results; the anticipated timing of a decision by the Board of Donlin Gold LLC to prepare a feasibility study update; anticipated benefits from the recent drill programs including an improved geological model for Donlin Gold; the work program for the 2022 field season; ongoing support provided to key stakeholders including Native Corporation partners; the potential impact of the coronavirus global pandemic (COVID-19) on the development of Donlin Gold; the potential development and construction of Donlin Gold; the sufficiency of funds to continue to advance development of Donlin Gold; perceived merit of properties; mineral reserve and resource estimates; Donlin Gold's ability to secure the permits needed to construct and operate the Donlin Gold project in a timely manner, if at all; and legal challenges to Donlin Gold's existing permits. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements are not historical facts but instead represent the management expectations of NOVAGOLD's estimates and projections regarding future events or circumstances on the date the statements are made.

Important factors that could cause actual results to differ materially from expectations include the need to obtain additional permits and governmental approvals; the timing and likelihood of permits; the need for additional financing to explore and develop properties and availability of financing in the debt and capital markets; the spread and impact of COVID-19; uncertainties involved in the interpretation of drill results and geological tests and the estimation of reserves and resources; changes in mineral production performance, exploitation and exploration successes; changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments in the United States or Canada; the need for continued cooperation between Barrick and NOVAGOLD for the continued exploration, development and eventual construction of the Donlin Gold project; the need for cooperation of government agencies and native groups in the development and operation of properties; risks of construction and mining projects such as accidents, equipment breakdowns, bad weather, disease pandemics, non-compliance with environmental and permit requirements, unanticipated variation in geological structures, ore grades or recovery rates; unexpected cost increases, which could include significant increases in estimated capital and operating costs; fluctuations in metal prices and currency exchange rates; whether a positive construction decision will be made regarding Donlin Gold; and other risks and uncertainties disclosed in NOVAGOLD's most recent reports on Forms 10-K and 10-Q, particularly the "Risk Factors" sections of those reports and other documents filed by NOVAGOLD with applicable securities regulatory authorities from time to time. Copies of these filings may be obtained by visiting NOVAGOLD's website at www.novagold.com , or the SEC's website at www.sec.gov , or at www.sedar.com . The forward-looking statements contained herein reflect the beliefs, opinions, and projections of NOVAGOLD on the date the statements are made. NOVAGOLD assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/66a9bbe3-4720-4038-8d57-70ed08167c69

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Platinex Inc. (CSE: PTX) (Frankfurt: 9PX) ("Platinex" or the "Company") is pleased to announce that it has acquired 63 mining claims adjoining its Shining Tree Project through an agreement with Skead Holdings Ltd. ("Skead"). The acquisition increases the Shining Tree property holdings from 21,847 hectares (53,985 ac) to 23,219 hectares (57,375 ac) and covers area in the central western portion of the Project (see image).

The new acquisition covers some of the down dip extension and a prominent spur fault associated with the Ridout-Tyrrell Deformation Zone (RTDZ). The RTDZ is a trans-crustal structure, along which several world-class gold deposits are spatially and genetically associated. On the Shining Tree property, the RTDZ has been identified as the likely source of highly anomalous gold indications in a provincially significant gold dispersion train.

Pursuant to the agreement, the Company paid Skead $11,500 in cash and issued 400,000 shares of the Company. The shares issued pursuant to the agreement will be subject to a four-month hold period and subject to the approval of the Canadian Securities Exchange. The mining claims are subject to a 2% net smelter returns royalty of which the Company has the right to repurchase up to 1% at the rate of $400,000 per 0.5%.

The information presented in this news release has been reviewed and approved by James R. Trusler, P.Eng., Chairman of Platinex Inc. and the qualified person for exploration at the Shining Tree project, as defined by National Instrument 43-101, Standards for Disclosure for Mineral Projects.

About Platinex Inc.: Platinex creates shareholder value through the opportunistic acquisition and advancement of high-quality projects in prolific Ontario mining camps. Current assets include a 100% ownership interest in the district scale W2 Copper-Nickel-PGE Project and a 100% interest in the 225 km 2 Shining Tree Gold Project in the Abitibi region of Ontario, a world-renowned gold district. The W2 Project controls one of the major Oxford Stull Dome complexes. The Shining Tree Project covers a major portion of the Ridout-Tyrrell deformation zone that trends as far west as Newmont's Borden Mine, through the area of IAMGOLD's Cote Gold deposit, and across Aris Gold's Juby Project. The Company is also developing a net smelter return (NSR) royalty portfolio and currently holds royalties on gold, PGE, and base metal properties in Ontario.

For further information please contact. Mr. Greg Ferron, CEO at 416-270-5042 or via email at: gferron@platinex.com

To receive Company press releases, please sign up on the website www.Platinex.com.

FORWARD-LOOKING STATEMENTS : This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include use proprietary data to seek financial backing to advance its platinum group properties, submission of the relevant documentation within the required timeframe and to the satisfaction of the relevant regulators, completing the acquisition of applicable assets and raising sufficient financing to complete the Company's business strategy. There is no certainty that any of these events will occur. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances, except as required by applicable securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any province in which such offer, solicitation or sale would be unlawful. The securities issued, or to be issued, under the Private Placement have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

The Canadian Securities Exchange has not approved nor disapproved the contents of this press release.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c43272f2-4e08-4022-8296-8fc4679f5b99

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Rockridge Resources Ltd. (TSX-V: ROCK ) (OTCQB: RRRLF ) (Frankfurt: RR0 ) ("Rockridge" or the "Company") is pleased to announce plans for an upcoming Summer 2022 drill program at the Knife Lake Copper Project VMS Project located in Saskatchewan, Canada (the "Knife Lake Project" or "Property"). Using the results and interpretation from the Fall and Winter 2021 field programs, as well as the 2021 drill program, the upcoming program will target the Gilbert West and Gilbert South zones in addition to continued infill and expansion drilling at the deposit. Rockridge is fully funded for this upcoming exploration and drilling having recently closed a financing. The Knife Lake Project, consisting of 82 claims totaling 56,865 hectares (140,516 acres), is an advanced-stage copper, silver, zinc and cobalt exploration property in Saskatchewan host to the Knife Lake Deposit.

Knife Lake VMS Project Location Map: https://www.rockridgeresourcesltd.com/_resources/images/Knife-Lake-Region-20210331-003.jpg

Rockridge's CEO, Jonathan Wiesblatt, commented: "Exploration at Knife Lake, specifically at the target areas outside of the existing resource, offer compelling discovery potential as there has been limited historical work done on these highly prospective targets. Getting back to Knife Lake and conducting a thorough drilling campaign focused on the Gilbert West and Gilbert South zones is a priority for Rockridge as well as expanding and upgrading the resource at Knife Lake. The project remains an exciting exploration story that can offer investors exposure to a top mining jurisdiction and to commodities in high demand and short supply such as copper and zinc. We look forward to updating our shareholders as we prepare and work towards commencing the upcoming work at Knife Lake."

Rockridge received and previously announced results from a field program completed in October of last year. A two-person field crew was mobilized to complete mapping and prospecting at regional target areas, investigating conductivity and magnetic anomalies identified through the Phase I (Fall 2021) and Phase II (Winter 2021) airborne geophysical programs (VTEM).

Knife Lake VTEM and Grab Sample Survey: https://www.rockridgeresourcesltd.com/_resources/maps/KF-FieldResults-20220110.png

A total of 29 samples were submitted for assay, 26 samples from regional targets and 3 confirmation samples from historic trenches at the Knife Lake Deposit. Two samples collected from historic trenches at the Knife Lake Deposit returned significant results and are summarized in the table below.

*Rock grab samples are selective and not necessary representative of the mineralization throughout the deposit

Prospecting on the west side of the Gilbert Lake target identified altered volcanic and green pegmatite lithologies consistent with the host rocks at the deposit, indicating continuity of favourable stratigraphy approximately 10 km west of the deposit. Field geologists reported visual confirmation of trace interstitial chalcopyrite hosted within the green pegmatite interval.

Plans for Upcoming Diamond Drilling Program :

The drill program at the Gilbert North and South target areas in 2021 was designed to evaluate conductivity and magnetic anomalies identified during the early 2021 airborne VTEM Plus survey and corresponding surficial geochemical anomalies. It was the first modern drill program that tested these target areas and several drill intercepts included pyrrhotite-pyrite dominant VMS-style mineralization hosted at the same stratigraphic horizon as the Knife Lake Deposit. Following the initial drilling at the Gilbert North and South targets a Borehole Electromagnetic survey of all holes at the Gilbert North and South target areas was completed to refine future drill targets which will be tested in this upcoming program. Furthermore, previous surficial work programs have indicated that the stratigraphic position of the targeted anomalies correlates with the Knife Lake Deposit to the east. The discovery potential at the broader 15 km Gilbert trend is robust and warrants follow up work which is being planned in this upcoming program. Rockridge continues to utilize modern exploration techniques and methods with the goal of making new discoveries.

Knife Lake Target Areas 2022 Drill Program https://www.rockridgeresourcesltd.com/_resources/images/KF-Target-Areas-20220329.jpg

Drill targeting for the fully funded 2022 diamond drill program is currently underway and management is assessing high priority targets that include additional drill testing in the Gilbert South Area. The planned holes will further investigate strike-length continuity of the mineralized horizon intersected in 2021 drilling, which remains open to the south. The holes will also evaluate potential zoning of mineralization, which is commonly observed in VMS systems. Additional holes at a newly discovered copper showing at the Gilbert West Area are also being considered. The holes will target the down-dip extension of a mineralized and intensely altered volcanic package which is interpreted to be the Knife Lake stratigraphic horizon. The Gilbert West target has never been drill tested. The Company is also evaluating drill targets at the Knife Lake deposit with the intention of testing deeper targets below the existing deposit and infill drilling to upgrade inferred resources to indicated resources.

Knife Lake Geology and Histor y:

The Knife Lake Deposit is interpreted to be a remobilized VMS deposit. The stratabound mineralized zone is approximately 15m thick and contains copper, silver, zinc, gold and cobalt mineralization which dips 30° to 50° eastward over a known strike-length within Rockridge's claim area of 3,700 metres, and a known average down-dip extension of approximately 300 metres.

Knife Lake Deposit Map: https://www.rockridgeresourcesltd.com/_resources/projects/KnifeLake-Fig2.jpg

The deposit is hosted by felsic to intermediate volcanic and volcaniclastic rocks which have been metamorphosed to upper amphibolite facies. The deposit contains VMS mineralogy which has been significantly modified and partially remobilized during the emplacement of granitic rocks. The mineralization straddles the boundary between two rock units and occurs on both limbs of an interpreted overturned fold.

The Company has completed twenty-four holes consisting of 3,096 metres of diamond drilling in the 2019 and 2021 winter drilling programs. This represented the first drilling on the property since 2001. Both programs have given the Company's technical team valuable insights into the property geology, alteration, and mineralization that will be applied to future regional exploration on the highly prospective and underexplored land package.

Highlights from the drill programs include previously reported hole KF19003 which intersected net-textured to semi-massive sulphide mineralization from 11.2m to 48.8m downhole. This 37.6 metre interval returned 2.03% Cu, 0.19 g/t Au, 9.88 g/t Ag, 0.36% Zn, and 0.01% Co for an estimated 2.42% CuEq.

In August 2019, Rockridge announced a maiden NI 43-101 resource estimate for the Knife Lake deposit which consisted of a pit-constrained indicated resource of 3.8 million tonnes at 1.02% CuEq and an inferred resource of 7.9 million tonnes at 0.67% CuEq using a 0.4% CuEq cut-off. For more information, please refer to the News Release dated August 14 th , 2019 or the NI 43-101 Technical Report on the Mineral Resource Estimate for the Knife Lake Property, Saskatchewan dated September 27, 2019, filed on Sedar.

Kerry Bates, P. Geo., a "qualified person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, and a Geologist employed by Eagle Plains Resources, has reviewed and approved the scientific and technical disclosure in this news release relating to the Knife Lake Project.

Rockridge Resources (TSX.V: ROCK) is a public mineral exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada, specifically copper and gold. The Company's core copper project is the Knife Lake Project located in Saskatchewan which is ranked as a top mining jurisdiction in the world by the Fraser Institute. The project hosts the Knife Lake Deposit, which is a VMS, near-surface Cu-Co-Au-Ag-Zn deposit open along strike and at depth. There is strong discovery potential in and around the deposit area as well as at regional targets on the large property package. The Company's secondary asset is the Raney Gold Project, which is a high-grade gold exploration project located in the same greenstone belt that hosts the world class Timmins and Kirkland Lake lode gold mining camps. Recently reported drill hole RN 20-06 intersected 28.0 g/t gold over 6.0 metres at a shallow vertical level of 95 metres, which is the best result from the project thus far. Rockridge's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Knife Lake Copper Project Location Map: https://www.rockridgeresourcesltd.com/_resources/projects/KnifeLake-Fig1.jpg

Additional information about Rockridge Resources and its project portfolio can be found on the Company's website at www.rockridgeresourcesltd.com .

"Jonathan Wiesblatt" Jonathan Wiesblatt CEO

For further information contact myself or:

Jordan Trimble, President or Riley Trimble, Corporate Communications Rockridge Resources Ltd. Telephone: 604-687-3376 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: info@rockridgeresourcesltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

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