Blue Star Gold Commences Drill Program At Its Ulu Gold Project |

Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) ("Blue Star" or the "Company") announces that its drill program has commenced, with the first drill hole on the Flood Zone now completed. The exploration program consists of a multi-prong approach including airborne and ground geophysics, regional geochemical sampling, prospecting, and mapping, and a focused diamond drilling program. The work program will be carried out across the Company's Ulu, Hood River, and Roma projects with two key focuses: infill and expansion drilling, and pipeline target review and development throughout the prospective landholdings.

Blue Star is the largest title holder in the highly prospective and underexplored High Lake Greenstone Belt in Nunavut, controlling +45 km of the Belt. The Company holds a 100% interest in three projects including the Ulu Gold project, the contiguous Hood River project, and the Roma project. The Ulu project hosts the Flood Zone deposit, where a significant high-grade gold resource has been outlined.

Blue Star's CEO, Grant Ewing, commented, "The launch of our 2022 exploration program has been executed very efficiently. The multi-prong program will entail drill testing several high priority targets close to the Flood Zone deposit and progressively advance the extensive pipeline of targets throughout our landholdings. The initial drill holes will test potential extensions to the Flood Zone deposit followed by testing targets in the Gnu Zone area where a new high-grade vein system was discovered by Blue Star in 2021."

Exploration Program Summary The first drill hole on the Flood Zone, DD22-FLO-001, has been completed following up on a shallow open intersection (96UL-28 graded 6.02 g/t over 8.35 m from 15 m downhole); the drill hole was shutdown in mineralisation. DD22-FLO-001 intersected variably mineralised zones between 4.65 m and 17.00 m. The drill is now collared on the second site that will evaluate the geometry of the basalt-sediment contact in an area hosting previous intercepts of 6.66 g/t over 5.09 m, 10.21 g/t over 11.11 m and 7.29 g/t over 9.28 m (04UL-02, 04UL-32 and 89VD-20 respectively, all intervals are true width). A minimum 2,500 metre drill program will be conducted during the exploration campaign focused on resource expansion and high priority target evaluation.

Ground geophysical surveying using a walking magnetics and VLF-EM system has covered the known vein structures at the Gnu Zone and extensions to prospective stratigraphy inferred to have potential to host similar structures. Targets are the recently discovered Gnu Zone polymetallic vein that returned 5.34 m of 3.7 g/t in drill hole 21BSG020 and 8.15 m of 20.8 g/t in drill hole 21BSG007, and similar blind mineralized structures. Additional geophysical grids are also planned as part of the target review process to determine if this type of survey can refine drill targeting at other showings.

Precision GeoSurveys Inc. ("Precision") has been engaged to undertake a comprehensive high resolution heli-borne geophysical survey utilizing Precision's proprietary four-sensor magnetic gradient system to refine the structure, lithology, and alteration prior to mapping and prospecting programs. The geophysical program for 2022 covers the entire Roma landholdings, and the entire Ulu lease and Hood River concession that had not been previously flown and is currently 90% complete (~2,750 km of 3,055-line kms).

Figure 1: Ulu and Hood River Projects.

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Blue Star Gold's Projects The Company's properties are located approximately 525 km NNE of Yellowknife, NT in the Kitikmeot region of western Nunavut. Kugluktuk is approximately 210 km to the NW. The Roma property lies approximately 30 km north of the Ulu-Hood River property. The total area of Blue Star's projects cover +45 km of the highly prospective and underexplored High Lake Greenstone Belt.

The Ulu lease and the contiguous Hood River property together encompass greater than 12,000 hectares of highly prospective exploration ground. The recent acquisition of the prospective and underexplored Roma property that lies approximately 30 km north increased the Company's landholdings by more than 14,000 hectares in the High Lake Greenstone Belt.

The Ulu lease hosts the advanced stage Flood Zone gold deposit, where a significant high-grade gold resource has been outlined. Several additional gold prospects (including, but not limited to, Zebra, Contact, Central, Axis, and Gnu) are spatially related to the axis of the 5 km long Ulu Fold, which extends from the Ulu lease onto the northern part of the Hood River property and culminates at the North Fold Nose Zone. The recent expansion of the Hood River concession added several new target zones south of the Flood Zone gold deposit. The eastern side of the Hood River property is contiguous to the Ulu lease, and hosts over twenty known gold showings. The Hood River prospects have the same deformation history (including tight folding) as well as similar mineralization styles (acicular arsenopyrite and polymetallic quartz veins) and stratigraphic sequences as the Flood Zone. One of the most prospective target areas on the eastern Hood River property is the 4 km long Crown-Pro trend which has seen only limited drilling.

The Roma project lies in the northern section of the High Lake Greenstone Belt. The project covers high grade gold showings discovered by previous explorers, notably BHP Minerals from 1988 to 1994. Multiple significant gold showings are present within a 6.5 km x 2.4 km area on the historic Roma claim block. The original showing is a 0.30 to 3.0 m wide quartz vein exposed in outcrop and boulders for 2.0 km. In 1991, BHP drilled 10 shallow holes totalling 465 metres to test 1.72 km of strike of the vein. All drill holes intersected quartz veins from 15 m to 37 m vertically below surface. Visible gold was noted in three of the drillholes and the best results were 12.38 g/t Au over 2.31 m (including 64.0 g/t Au over 0.37 m) from DDH MD-01, and 8.69 g/t Au over 1.87 m from MD-03. No drilling was conducted downdip of the high-grade intersection in DDH MD-01 and no step out drilling to the north from this intercept was conducted. No follow up drilling is known to have been completed on this property since BHP's initial drill program in the 1990's. The Company has not verified the historical results from the Roma property and has presented information obtained from two assessment reports submitted by BHP Minerals Canada Ltd.; McMaster, G., (1995). Roma 3,4,5 and 6 Claims 1995 Geological and Geochemical Report, and Anonby, L. and Jopson, W., (1992). Geological, Geochemical, Geophysical and Drilling Report on the Roma 1 and 2 Claims.

The site of the future deep-water port at Grays Bay is 40 - 100 km to the north of the properties, and the proposed route corridor for the all-weather Grays Bay road passes in close proximity to the Roma, Ulu, and Hood River projects.

To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/2421/128542_697256de046449e3_004full.jpg

Technical Disclosure Previously completed drill intervals are sourced from the database used for the Cowley, P., Singh, R., and Giroux, G. Technical Report on the Ulu Gold Property, Nunavut, Canada with amended date July 2015.

Drill holes noted above had core samples cut by core saw with one half of the core retained and the other half sent for analysis. Drill and rock 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 include a pulp or crush duplicate every twenty samples; certified reference material was 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 m 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 50% to 95% of drilled lengths. Historical intercepts reported from the Roma Project have not yet been verified. Gold analysis for soil and till samples were undertaken using Portable PPB Pty Ltd's detectORE™ patented low-level gold by pXRF technology. Every 90 samples have two (2) certified reference materials in the processing stage and in the analyses stage there are four (4) certified collector device readings. A minimum of 10 % of the samples are to be sent for check analysis.

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. Blue Star's 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 mining lease, an advanced gold project, the highly prospective Hood River Property that is contiguous to the Ulu 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. OTCQB Venture Market 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.

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.

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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") announces that, further to its news release of June 2, 2022, and subject to the final approval of the TSX Venture Exchange (the "Exchange"), it has closed its non-brokered private placement (the "Private Placement") by issuing 3,077,000 common shares (each a "Share") at $0.65 per Share, 2,523,289 flow-through shares (each a "FT Share") at a price of $0.73 per FT Share, and 1,340,031 charitable flow-through common shares (each, a "Charitable FT Share") at a price of $0.91 per Charitable FT Share raising total gross proceeds of $5,061,479. The Company paid finder's fees of $134,520 to GloRes Securities Inc. and Qwest Investment Fund Management Ltd., and issued 85,943 common shares to GloRes Securities Inc., Teresa Schmid, and Qwest Investment Fund Manager.

The Shares, FT Shares and Charitable FT Shares are subject to a four-month and one day hold period pursuant to securities laws in Canada and, where applicable, the Exchange. The Company intends to use the net proceeds from the FT Share and Charitable FT Share Private Placement to incur Canadian exploration expenses (the "Qualifying Expenditures") on its projects in Nunavut prior to December 31, 2023. The Company will renounce the Qualifying Expenditures to subscribers of FT Shares for the fiscal year ended December 31, 2022.

Dr. Georg Pollert, a director and controlling shareholder of the Company, received 3,077,000 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 25% of Market Capitalization" exemption from the formal valuation and minority shareholder approval requirements.

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.

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

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

This news release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Such statements are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available.

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Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) ("Blue Star" or the "Company") announces that it has mobilized its summer exploration program. The program will entail a multi-prong exploration effort across its Ulu, Hood River, and Roma projects with two key focuses: infill and expansion drilling, and pipeline target review and development throughout its highly prospective landholdings.

Blue Star's CEO, Grant Ewing, commented, "We are excited to launch our 2022 exploration campaign. Several high potential target areas will be assessed during the program as we work to make significant new discoveries throughout our prospective landholdings. The current program will build off the knowledge acquired in prior programs with respect to new mineralisation styles, potential geochemical and structural controls, as well as the systematic compilation of the targets in the historical dataset."

Blue Star has engaged Precision GeoSurveys Inc. ("Precision") of Langley, BC to undertake a comprehensive high resolution heli-borne geophysical survey utilizing Precision's proprietary four-sensor magnetic gradient system to refine the structure, lithology, and alteration prior to mapping and prospecting programs.

The geophysical program for 2022 is comprised of 1,690-line km at 50 - 100m line spacing over the entire Roma landholdings that were not covered in the 2021 survey, and 1,365-line km at 50 m line spacing over the entire Ulu lease and Hood River concession that was not previously flown in the 2021 survey.

In addition, the recently discovered Gnu zone polymetallic vein that returned 5.34 m of 3.7 g/t gold in drill hole 21BSG020 and 8.15 m of 20.8 g/t gold in drill hole 21BSG007 during the 2021 program will be evaluated further using a magnetics / VLF-EM system. Parallel structures within this 700 m x 150 m target area will also be assessed.

Blue Star has engaged NorthTech Drilling Ltd. ("NorthTech") of Yellowknife, NT to undertake the Company's drilling program focused on resource expansion and priority target evaluation. A balanced program of +3,000 m of infill, follow-up, and initial evaluation drilling is currently scheduled with opportunities to expand through the season.

Blue Star will also be undertaking a regional sampling program using Portable PPB Pty Ltd's detectORE™ patented low-level gold by pXRF technology in addition to traditional mapping and prospecting programs. These programs will focus on developing new targets on the Roma project and further defining high potential historical prospects from the target pipeline compilation on the Hood River concession and Ulu lease.

Blue Star Gold's Projects

The Company's properties are located approximately 525 km NNE of Yellowknife, NT in the Kitikmeot region of western Nunavut. Kugluktuk is approximately 210 km to the NW. The Roma property lies approximately 30 km north of the Ulu-Hood River property. The total area of Blue Star's projects cover +45 km of the highly prospective and underexplored High Lake Greenstone Belt.

The Ulu lease and the contiguous Hood River property together encompass greater than 12,000 hectares of high potential exploration ground. The recent acquisition of the prospective and underexplored Roma property that lies approximately 30 km north increased the Company's landholdings by more than 14,000 hectares in the High Lake Greenstone Belt.

The Ulu lease hosts the advanced stage Flood Zone gold deposit, where a significant high-grade gold resource has been outlined. Several additional gold prospects (including, but not limited to, Zebra, Contact, Central, Axis, and Gnu) are spatially related to the axis of the ~5 km long Ulu Fold, which extends from the Ulu lease onto the northern part of the Hood River property and culminates at the North Fold Nose Zone. The recent expansion of the Hood River concession added several new target zones south of the Flood Zone gold deposit. The eastern side of the Hood River property is contiguous to the Ulu lease, and hosts over twenty known gold showings. The Hood River prospects have the same deformation history (including tight folding) as well as similar mineralization styles (acicular arsenopyrite and polymetallic quartz veins) and stratigraphic sequences as the Flood Zone. One of the most prospective target areas on the eastern Hood River property is the 4 km long Crown-Pro trend which has seen only limited drilling.

The Roma project lies in the northern section of the High Lake Greenstone Belt. The project covers high grade gold showings discovered by previous explorers, notably BHP Minerals from 1988 to 1994. Multiple significant gold showings are present within a 6.5 km x 2.4 km area on the historic Roma claim block. The original showing is a 0.30 to 3.0 m wide quartz vein exposed in outcrop and boulders for 2.0 km. In 1991, BHP drilled ten shallow holes totalling 465 metres to test 1.72 km of the strike of the vein. All drill holes intersected quartz veins from 15 m to 37 m vertically below surface. Visible gold was noted in three of the drillholes and the best results were 12.38 g/t gold over 2.31 m (including 64.0 g/t gold over 0.37 m) from DDH MD-01, and 8.69 g/t gold over 1.87 m from MD-03. No drilling was conducted downdip of the high-grade intersection in DDH MD-01 and no step out drilling to the north from this intercept was conducted. No follow up drilling is known to have been completed on this property since BHP's initial drill program in the 1990's.

Drill holes reported from 2021 had core samples 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 include a crush duplicate every twenty samples; certified reference material was 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 m 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 50% to 95% of drilled lengths. Historical intercepts reported from the Roma project have not yet been verified.

Based in Langley, B.C., Precision has the expertise and personnel to plan and execute a successful geophysical program. Precision has flown over five hundred surveys around the world since 2007 using innovative geophysical technologies.

Based in Yellowknife, NT, NorthTech is a family-owned and operated industrial drilling contractor specializing in providing reliable and professional diamond drilling services in the North. NorthTech has completed 150,000 meters of drilling since their inception in 2006.

About Portable PPB Pty Ltd. and detectORE™

Portable PPB is a Canning Vale, West Australia based company focused on bringing disruptive technology into the gold industry, globally. They bring a wealth of experience and a track record of delivering novel solutions to drive exploration, discovery, and mining. Blue Star has committed, as a research sponsor, to be an early user in Canada of Portable PPB Pty Ltd's detectORE™ patented low-level gold by pXRF technology. It enables rapid remote on-site gold results to ~20 ppb Au levels daily, instead of weeks to many months for each batch.

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. 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 mining lease, an advanced gold project, the highly prospective Hood River Property that is contiguous to the Ulu 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.

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

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Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) ("Blue Star" or the "Company") announces that, subject to the approval of the TSX Venture Exchange (the "Exchange"), it intends to complete a non-brokered private placement of up to $6,000,000. Pursuant to the offering, the Company will issue common shares (each a "Share") at a price of $0.65 per Share, flow-through common shares (each a "FT Share") at a price of $0.73 per FT Share, and charitable flow-through common shares (each a "Charitable FT Share") at a price of $0.91 per Charitable FT Share, in any combination, to raise up to $6,000,000 in gross proceeds (together, the "Private Placement").

The Charitable FT Shares qualify as "flow through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada) to be sold on a charitable flow-through basis.

Over 75% of the Private Placement has already been arranged based on firm expressions of interest received by the Company.

The Shares, FT Shares and Charitable FT Shares will be subject to a four-month and one day hold period pursuant to securities laws in Canada and, where applicable, the Exchange. Finders' fees may be payable to qualified parties. The Company intends to use the net proceeds from the FT Share and Charitable FT Share private placement to incur Canadian exploration expenses (the "Qualifying Expenditures") on its projects in Nunavut prior to December 31, 2023. The Company will renounce the Qualifying Expenditures to subscribers of FT Shares for the fiscal year ended December 31, 2022.

About Blue Star Gold Corp.

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

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

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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 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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/118553

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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.

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.

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Finlay Minerals Ltd. (TSXV: FYL) (OTCQB: FYMNF) (" Finlay " or the " Company ") is pleased to announce that it has qualified for trading on the OTCQB ® Venture Market in the United States operated by the OTC Markets Group Inc. and that the Company's common shares commenced trading today on the OTCQB under the symbol "FYMNF". The Company's common shares will continue to trade on the TSX Venture Exchange under the symbol "FYL".

The Company further announces that concurrent to receiving qualification to trade on the OTCQB ® Venture Market, it has also gained eligibility for electronic clearing and settlement through the Depository Trust Company (" DTC ") in the United States .

Robert Brown , President & CEO of Finlay states:

" We are pleased that the trading of the Company's common shares on the OTCQB and the access to DTC services will enable Finlay to expand its US and global shareholder base, broaden its visibility, and increase liquidity over time. We look forward to the opportunities that this trading platform will provide ."

U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com .

Finlay is a TSX Venture Exchange company focused on exploration for base and precious metal deposits in northern British Columbia .

Finlay Minerals Ltd. trades under the symbol "FYL" on the TSX Venture Exchange and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com

Robert F. Brown , P. Eng. President & CEO

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.

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements, including, without limitation, statements regarding the anticipated benefits of OTCQB trading and DTC eligibility. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although Finlay 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 forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration results, availability of capital and financing, general economic, market or business conditions, and the other risk factors described in Finlay's filings with Canadian securities regulators on SEDAR at www.sedar.com . These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

View original content: http://www.newswire.ca/en/releases/archive/June2022/23/c0045.html

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Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO; OTCQB:FBSGF, and FSE:7NQ) is pleased to announced a non-brokered private placement of up to 14,285,714 units (each, a "Unit") at a price of C$0.07 per Unit (the "Issue Price") for aggregate gross proceeds of up to $1,000,000 (the "Offering"). Each Unit will consist of one common share of the Company ("Common Share") and one common share purchase warrant ("Warrant"). Each whole Warrant will be exercisable to acquire one common share of the Company (a "Warrant Share") at an exercise price of C$0.12 per Warrant Share for a term of two years following the closing of the Offering

It is anticipated that the proceeds of the Offering will be used for general working capital and exploration activities on the Company's Santa Maria property, located in Parral, Mexico.

All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance and any other resale rules under applicable securities laws and the policies of the TSX Venture Exchange. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

In connection with the Offering, the Company may pay a finder's fee to eligible arm's length parties to be determined by negotiation with such parties, and pursuant to the rules of the TSX Venture Exchange and applicable securities laws.

About Fabled Silver Gold Corp.

Fabled is focused on acquiring, exploring and operating properties that yield near-term metal production. The Company has an experienced management team with multiple years of involvement in mining and exploration in Mexico. The Company's mandate is to focus on acquiring precious metal properties in Mexico with blue-sky exploration potential.

The Company has entered into an agreement with Golden Minerals Company (NYSE American and TSX: AUMN) to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a significant metallogenic province, which has reportedly produced more silver than any other equivalent area in the world.

Mr. Peter J. Hawley, President and C.E.O. Fabled Silver Gold Corp. Phone: (819) 316-0919 peter@fabledfco.com

For further information please contact: info@fabledfco.com

Neither the TSX Venture Exchange nor its Regulations Service Provider (as that term is defined in the policies of the TSX Venture Exchange) does accept responsibility for the adequacy or accuracy of this news release.

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

SOURCE:Fabled Silver Gold Corp.

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Vancouver, British Columbia TheNewswire - June 23, 2022 - Leocor Gold Inc. (the " Company " or " Leocor ") (CSE:LECR ) ( OTC:LECRF ) ; ( Frankfurt:LGO) is pleased to announce it has completed mobilization of a Rotary Air Blast ("RAB") drill and initiated drilling on the Company's Baie Verte project located near Anaconda Mining's Pine Cove Mine and Rambler Metal's Ming Mine in northwestern Newfoundland. The Phase 1 program will test at least 6 different target areas for gold andor copper mineralization with 25 30 RAB drill holes and is designed to follow up on previously announced soil and GT Probe results (1) ; evaluating the targets for potential follow up diamond drilling as warranted. The Company is also initiating work programs on it's Western Exploit and Gander District properties and details of those programs will be forthcoming in future news releases.

The Phase 1 RAB Drilling program will consist of 25-30 drill holes and test at least 6 target areas across the Baie Verte property including the Dorset, Gunshot, Dorset SW, Copper Creek SW, FMB, and Copper Creek target areas. The program will follow up on previously announced gold and copper soil and GT Probe results over a 7km trend across the property (1) and is designed to evaluate the targets for potential diamond drilling.

The RAB drilling will be completed by GroundTruth Exploration Inc. using their "GT RAB Drill," a Heli-Portable, wireless remote-controlled, rubber tracked platform with a hydraulic tilting mast assembly and rotary drill head. The GT RAB Drill is environmentally friendly with low-ground pressure and minimal surface disturbance. Individual drill holes will be up to 100m in depth and will be paired with onsite XRF analysis and optical televiewer surveys, allowing rapid evaluation of the target areas.

(1) See the Companies new release dated May 19, 2022. Available at leocorgold.com and SEDAR.

Click Image To View Full Size

Figure 1 – Phase1 RAB Drill targets over gold in soils.

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Figure 2 – Phase1 RAB Drill targets over copper in soils.

The Dorset trend consists of a 2.5 km gold in soil anomaly(s) located approximately 3km south of the Baie Verte townsite, extending from historic Dorset and Gunshot prospects (rock samples up to 57.2 g/t Au) to the southwest. RAB drilling on the trend will focus on the Dorset, Gunshot, and Dorset SW target areas. At Dorset and Gunshot, the drilling will test a series of NE striking, steeply west dipping quartz veins and breccia zones with sericite-ankerite alteration and pyrite, arsenopyrite, and, locally, visible gold mineralization. On the Dorset SW, the drilling with test a series of coincident soil and GT Probe anomalies (up to 1.19 g/t Au) over a 700m NE oriented trend.

The FMB Trend (Five Mile Brook Trend) is located 4km SSW of Baie Verte, less than 1km off of the main highway and consists of a 2km gold-arsenic soil anomaly associated with sheared and strongly contact of ultramafic and metavolcanic units with rock samples up to 1.31 g/t Au.

Copper Creek Southwest is located approximately 750m west kilometer of the Gunshot target and consists of a 1km NE trending soil anomaly with values up to 1135 ppb Au. The target was historically called the ‘Albatross Target' and was previously trenched and drilled by Noranda in the late 1980's. The historic work included grab samples of up to 30 g/t Au and drilling results of 1.0 g/t Au over 7 m (2) and is associated with a series of meter-scale quartz veins with pyrite-arsenopyrite.

(2) See NFLD Assessment GeoFile 012H/16/1127 by MacDougall dated April 1989.

Copper Creek Trend (Copper & Gold)

The Copper Creek Trend consists of 2 km northeast trending Cu-Au soil anomaly(s) with highs of 2860 ppb Cu and 867 ppb Au. The northern area of the trend is defined by a 500m x 1000m copper anomaly associated with anomalous zinc (+/-gold); indicative of VMS style mineralization similar to the historic Terra Nova Mine; located approximately 1.5km to the west. Initial RAB drilling on the target will focus on a series of NE trending semi-massive to massive sulfide (pyrite-chalcopyrite) identified during recent follow up exploration on the trend.

Assay Methodology and QA/QC

The soils samples for the program are prepared at Eastern Analytical Laboratories. Samples are dried at 60 degrees Celsius and sieved to -80 mesh. The pulps are air couriered shipped to Bureau Veritas Labs in Vancouver, British Columbia. The pulps are analyzed with the AQ201+U method, dissolving 15 grams in Aqua Regia and analyzed for 37 elements by ICP-MS technique.

All rock, GT Probe, and RAB samples will be prepared and analyzed by ALS Global Laboratories of Moncton, NB. The entire sample will be crushed to 70% passing -2 mm and then splitting off and pulverizing a 250-gram split to 85% passing -75 microns. A 0.5 gram cut of the pulp will be analyzed by ME-ICP41, an aqua regia digestion followed by ICP-AES analysis for 35 elements. Gold will be analyzed for by AA-AU23 using a 30-gram charge for a standard fire assay with an AA finish. If Au results were >10 g/t a second 30-gram charge will be used for a standard fire assay with a gravimetric finish.

The reported work will be completed using industry standard procedures, including a quality assurance/quality control ("QA/QC") program consisting of the insertion of certified standard, blanks and duplicates into the sample stream.

Click Image To View Full Size

Figure 3 – Regional Setting of the Baie Verte Project

About Leocor's Baie Verte Project

The Baie Verte Peninsula represents one of the more productive and historical gold and base metal mining districts in Canada. The former Terra Nova base metal mine – one of several copper mines of the region, which operated during the late 1880's to early 1900's – lies 200 meters west of Leocor's Copper Creek claims. Former gold mining operations in the area include the Goldenville mine (of 1903-1906), located 8 km NE of the property, and the more recent Nugget Pond mine (1997-2000) of the eastern Baie Verte Peninsula area. Currently producing mines in the area include the Rambler base metal-gold mine (1961-present), located 14 km ESE of Baie Verte, and the Pine Cove and Stogertite mines (collectively, 2011-present) located 1.6 km and 5.4 km NE of the current property.

The Baie Verte project combines the Dorset, Dorset Extension, Five Mile Brook and Copper Creek projects consisting of fourteen mineral licenses, totalling 80 claims, and covering 1995 hectares (19.95 square km).

The Dorset Gold Project is a 275-ha gold exploration project, located south of the Pine Cove Gold Mine, and features multiple zones of high-grade gold mineralization. The Main Dorset Zone includes three historic showings, referred to as Dorset 1, 2 and 3 Showings. Grab samples from Dorset 1 returned 407.9, 349.2, 147.1, 143.9, 138.2, 108.0, 106.7, 72.4 and 30.0 g/t Au. Grab samples from Dorset 2 returned 167.0, 96.12, 84.3, 49.7, 23.8,4.33 and 1.33 g/t Au (MacDougall and Walker, 1988) and a "combined assay of 56.0 g/t Au over 2.5m" (MacDougall 1989) . Historic drilling includes DDH 87-1, which intersected 9.5 g/t Au over 1.3m (MacDougall and Walker, 1988).

Historic select sampling at the Braz Zone returned values of 314 g/t Au, 40 g/t Au, 31.4 g/t Au, 21.2 g/t Au, 19.2 g/t Au and 14.8 g/t Au. Historic channel sampling across the vein returned 9.5 g/t Au over 0.4m, 5.7 g/t Au over 0.5m and 1.2 g/t Au over 0.65m. Weighted averages of historic rock sampling encompassing vein and mineralized wall rock returned values of 5.8 g/t Au over 1.9m, 3.1 g/t Au over 2m and 2.5 g/t Au over 1.5m (MacDougall, 1990).

Other zones include The Albatross, where historic rock sampling of mineralized zones returned values up to 30.3 g/t Au. Assay results from three 1987 diamond drill holes include 1.0 g/t Au over 7.3m, 1.81 g/t over 4.3m and 1.02 g/t over 2.2m and the Gunshot Zone, where veins containing visible gold and pyrite returned grab samples that assayed up to 162 g/t Au and channel samples that assayed up to 18 g/t Au over 0.4m (MacDougall, 1989)

In the Phoenix Zone, "assays from initial grab samples returned 5.8 and 5.5 g/t within the gabbro. Quartz veins have returned 1.4, 0.6 and 0.5 g/t Au. Similar mineralization located 500m north east returned 3.3 g/t." (MacDougall, 1987). Diamond drilling hole intersected of 1.07 g/t Au over 5.45m (MacDougall, 1989).

Copper Creek (1,025-ha) hosts a number of gold prospects and copper occurrences associated with extensive alteration/shear zones developed within a thrust-faulted sequence of quartz-Fe-carbonate-fuchsite-altered gabbros, ultramafics and mafic volcanics, of the Advocate (ophiolite) Complex, and intermediate to silicic volcaniclastics & tuffs and microgabbroic dykes/sills, of the Flatwater Pond (cover sequence) Group. Historical results at Copper Creek – Biarritz zone include "values ranging from 1.3 to 16 g/t Au from grab samples and a combined assay of 3.9 g/t Au over 4.0m from detailed chip sampling." Additionally, "300m SW along strike exposed a 5-10m shear zone with similar alteration returned which returned sporadic values up to 9,2 g/t Au from grab samples" Noranda drilled several diamond holes in the area including A-88-7 which returned 0.66 g/t Au over 1.5 m and A-88-9 which returned 3.11 g/t Au over 0.5 m. (MacDougall, 1989).

Five Mile Brook (350-ha) has been subject to minimal exploration in the past but shows potentially important geological continuity to the Company's Dorset Gold Project, which lies directly contiguous to the northern boundary.

* Historic rock samples and grab samples mentioned in this release are selective by nature and are unlikely to represent average grades of the property

* The reported drill intercept is an intersected length and is not a true width

The data reported here is historic in nature and has not yet been verified by a Qualified Person. Leocor has relied on the information supplied in the Noranda assessment reports (quoted above) and from information found in MODS (Mineral Occurrence Data System) published by the Newfoundland Department of Natural Resources.

Jodie Gibson, P.Geo., consultant, and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific technical content of this release.

Leocor Gold Inc. is a British Columbia-based resource company involved in the acquisition and exploration of precious metal projects, with a current focus in Atlantic Canada. Leocor, through outright ownership and earn-in agreements, currently controls several gold-copper projects in prime exploration ground located within the prolific Baie Verte Mining District. Leocor's Bae Verte portfolio includes the Dorset, Dorset Extension, Copper Creek and Five Mile Brook projects, creating a contiguous nearly 2,000 hectare exploration corridor. The Company also controls the 6,847-ha grassroots Startrek project near Gander, as well as three district scale land packages in North Central Newfoundland, known as Robert's Arm, Hodge's Hill, and Leamington, (collectively "Western Exploits") representing over 144,000 hectares (1,440 square kilometers) of prospective exploration

Alex Klenman, Chief Executive Officer

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release .

Cautionary Statements Regarding Forward-Looking Information

This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding the terms and conditions of the Option. Although Leocor believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct.

Forward looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. Leocor cautions investors that any forward-looking information provided by Leocor is not a guarantee of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to: the agreement of the parties to proceed with the proposed transaction on the terms set out in the Option Agreements or at all; Leocor's ability to exercise the Options; the state of the financial markets for Leocor's securities; the state of the natural resources sector in the event the Option, or any of them, are completed; recent market volatility; circumstances related to COVID-19; Leocor's ability to raise the necessary capital or to be fully able to implement its business strategies; and other risks and factors that Leocor is unaware of at this time. The reader is referred to Leocor's initial public offering prospectus for a more complete discussion of applicable risk factors and their potential effects, copies of which may be accessed through Leocor's issuer page on SEDAR at www.sedar.com.

The forward-looking statements contained in this press release are made as of the date of this press release. Leocor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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Finlay Minerals Ltd. (TSXV: FYL) (" Finlay " or the " Company ") is pleased to report that all matters set before the Annual General and Special Meeting of the Company held on Wednesday, June 22, 2022 ( the " Meeting ") were approved by the shareholders. An aggregate of 52,519,041 common shares of the Company (" Common Shares ") were voted representing 41.71% of the issued and outstanding Common Shares.

The seven nominees for the Board of Directors were elected and they are: John A. Barakso , Robert F. Brown , Richard T. Dauphinee , Alvin W. Jackson , Ilona Barakso Lindsay , David A. Schwartz , and Kristina Walcott .

Additionally, the reappointment of De Visser Gray LLP, Chartered Professional Accountants, as auditors for the Company was approved by shareholders.

At the Meeting, shareholders also approved the amendments to the Company's 10% rolling Stock Option Plan (the " Stock Option Plan "), as described in the Company's Information Circular dated May 18, 2022 (the " Information Circular "). The Stock Option Plan was amended to comply with the new TSX Venture Exchange Policy 4.4 – Security Based Compensation , as disclosed in the Information Circular. The amended Stock Option Plan is a 10% "rolling" plan and as at the date hereof, 12,591,678 Common Shares are reserved for issuance under the amended Stock Option Plan (based on an aggregate 125,916,788 issued and outstanding Common Shares as at the date hereof). There are currently 6,100,000 stock options outstanding under the amended Stock Option Plan, exercisable for 6,100,000 Common Shares. The amended Stock Option Plan was conditionally approved by the TSX Venture Exchange on May 26, 2022 and is subject to final acceptance of the TSX Venture Exchange.

At a meeting of the Board of Directors held subsequent to the Meeting, the following officers were appointed for a further year:

Vice President, Exploration & QP, and

Finlay is a TSX Venture Exchange company focused on exploration for base and precious metal deposits in northern British Columbia .

Finlay trades under the symbol "FYL" on the TSX Venture Exchange. For further information and details, please visit the Company's website at www.finlayminerals.com .

On behalf of the Board of Directors,

Robert F. Brown , P. Eng. President & CEO

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although Finlay 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 forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

View original content: http://www.newswire.ca/en/releases/archive/June2022/22/c1249.html

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Falcon Gold Corp. (TSXV:FG)(GR:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company") is pleased to report it has entered into two separate arm's-length agreements, pursuant to which the company will acquire a 100-per-cent interest in two battery metals projects in the province of Ontario and Quebec, collectively known as the Timmins West and Outarde Nickel Project northwest of Baie Comeau, Quebec

The first purchase agreement covers 5 mining claims totaling 1,940 hectares within the Kamiskotia Gabbroic Complex (KGC) located 20 km northwest of Timmins, Ontario (Figure 1). The KGC is a gabbroic to anorthositic intrusive mafic to ultra-mafic body that has documented nickel-copper-cobalt (Ni-Cu-Co) mineralization. An outcrop grab sample in 2004 reported 0.44% Ni, 0.64% Cu and 0.033% Co hosted by 10% pyrrhotite. The Property lies 40 km southwest of the Crawford Ni-Co Project being developed by Canada Nickel (TSXV:CNC).

The KGC property shares many similarities to other well-known complexes such as the Bushveld Complex (South Africa), the Stillwater Complex (USA) and Bell River Dore Lake Complexes (Quebec) (Barrie, 2000). The Timmins West Ni-Cu-Co property has historically been explored for gold. However, it's mafic to ultra-mafic composition within the KGC makes it a prime target for magmatic Ni-Cu-Co mineralization. The regional government flown magnetic signature of the KGC suggests a possible layer within the KGC that has the potential to a host a pyrrhotite-rich cumulate layer host to Ni-Cu-Co mineralization. An outcrop grab sample in (AFRI 42A12SE2024, sample 185247) taken in 2004 reported 0.44% Ni, 0.645% Cu, 332 ppm Co, 0.053 g/t Au and 3 g/t Ag. This sample was associated with 10% pyrrhotite in a gabbroic mafic outcrop. Eight (8) additional samples within 15 m of the 185247 also reported anomalous Ni-Cu-Co values.

The second purchase agreement comprises of 93 claims covering 5, 138 hectares located 120 km northwest of Baie-Comeau, Quebec. The Outarde Property contains nickel-copper-cobalt style mineralization and was last explored by Falconbridge in 1997. The property is located at the folded nose of a gabbro-norite suite of mafic rocks, part of the large anorthositic-gabbro pluton of the De La Blache Mafic Plutonic Suite (Figure 2). The gabbro-norite body occupies the entire length of the property (about 30 km) and has only been intermittently explored. Nickel and copper-bearing sulphides are generally located in fracture or shear zones. Highlights of the best Ni and Cu assays are 1.28% Ni and 1.38% Cu and 700 ppm Co from a grab sample. The property has not been drilled. Recommended work includes a high-resolution airborne magnetic and electromagnetic survey followed by ground truthing of detected anomalies. Grab samples are selected samples and not necessarily representative of the mineralization hosted on the property.

Mr. Karim Rayani, Falcon's Chief Executive Officer, commented, "Falcon continues to build value for stakeholders and is pleased to add these ‘green metal' projects to our portfolio. The success of Canada Nickel in building the nearby Crawford Ni-Co Project to a zero-carbon producer of green metal provides impetus for the Timmins West acquisition. The Outarde Nickel Project acquisition adds to our green metal portfolio in an unexplored nickel-copper-cobalt suite of lithologies. The increasing demand for green metals and current supply deficits make projects like these very attractive long term in attracting new investments."

Falcon Gold purchased the Property from an individual (the "Vendor") for $10,500 in cash and the issuance of 100,000 common shares of the Company. The Vendor retains a 1% NSR which can be purchased by the Company for $300,000.

Falcon Gold purchased the property from an individual ("Vendor") for $12,000 in cash and the issuance of 150,000 shares. The vendor retains a 1% NSR that can be purchased by the Company for $300,000.

The technical content of this news release has been reviewed and approved by Mike Kilbourne, P.Geo., who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

The QP and the Company has not completed sufficient work to verify the historic information on the properties comprising the Timmins West, particularly regarding historical exploration, neighbouring companies, and government geological work.

Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Falcon's flagship project, the Central Canada Gold Mine, is approximately 20km southeast of Agnico Eagle's Hammond Reef Gold Deposit which has currently estimated 3.32 million ounces of gold (123.5 million tonnes grading 0.84 g/t gold) mineral reserves, and 2.3 million ounces of measured and indicated mineral resources (133.4 million tonnes grading 0.54 g/t gold). The Hammond Reef gold property lies on the Hammond shear zone, which is a northeast-trending splay off the Quetico Fault Zone ("QFZ") and may be the control for the gold deposit. The Central Gold property lies on a similar major northeast-trending splay of the QFZ.

The Company holds 9 additional projects: The Esperanza Gold/Silver/Copper mineral concessions located in La Rioja Province, Argentina, The Viernes Gold/Silver/Copper project in Antofagasta Chile, The Springpole West Property in the world-renowned Red Lake mining camp; a 49% interest in the Burton Gold property with Iamgold near Sudbury Ontario; and in B.C., the Spitfire-Sunny Boy, Gaspard Gold claims; and most recently the Great Burnt, Hope Brook, and Baie Verte acquisitions adjacent to First Mining, Matador, Benton-Sokoman's JV, and Marvel Discovery in Central Newfoundland.

Falcon Gold Corp. "Karim Rayani"

Karim Rayani Chief Executive Officer, Director Telephone: (604) 716-0551 Email: k@r7.capital

Cautionary Language and Forward-Looking Statements

This news release may contain forward looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Neither 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.

News Provided by ACCESSWIRE via QuoteMedia

Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce that its common shares began trading on the OTCQB Marketplace under the new symbol " PUMXF " at the opening of trading this morning.

No further action is required from existing U.S. shareholders. Current and new U.S. investors can find the Company's recent financial disclosures and Real-Time Level 2 quotes on www.otcmarkets.com.

Puma's common shares will continue to trade on the TSX Venture Exchange under the symbol "PUMA".

" This upgrade is part of the natural evolution of Puma. It provides an opportunity to build our visibility, expand our liquidity and diversify our shareholder base . The OTCQB Market provides Puma access to a much larger audience of U.S.-based institutional and retail shareholders. Our U.S. following has been growing, and this listing will enable us to welcome even more U.S. investors to our shareholder register, " said Marcel Robillard, President and CEO.

ABOUT THE OTCQB The OTCQB is a U.S. trading platform operated by the OTC Markets Group in New York and is the premier marketplace for early-stage and developing U.S. and international companies. Recognized by the U.S. Securities and Exchange Commission as an established public market, the OTCQB provides investors who cannot access trading on the TSX Venture Exchange with alternative access to the Company's shares through regulated U.S. broker-dealers.

ABOUT Puma Exploration Puma Exploration is a Canadian-based mineral exploration company with precious metals projects located near the Famous Bathurst Mining Camp (BMC) in New Brunswick, Canada. The Company is committed to its DEAR strategy (Development, Exploration, Acquisition and Royalties) to generate maximum value for shareholders with low share dilution.

Connect with us on Facebook / Twitter / LinkedIn Visit www.explorationpuma.com for more information or contact:

Marcel Robillard , President, (418) 750-8510; president@explorationpuma.com

Mia Boiridy , Head of Investor Relations and Corporate Development, (250) 575-3305; mboiridy@explorationpuma.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made, except as required by law. Puma undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.

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