Japan Gold Commences Drilling At The Saroma Prospect |

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to announce the commencement of drilling at the Saroma prospect, located within the 100% owned Ikutahara Project in Hokkaido, Japan.

An initial four scout drill holes have been planned at the Saroma prospect to test a 1 km long section of the Saroma vein. Mapping around the shallow historical workings at Saroma has identified vein zones up to 7 m wide of fine-grained colloform-crustiform-ginguro banded quartz veins. Drilling will target the deeper extensions of these shallowly mined ore shoots for higher-grade mineralization.

John Proust, Chairman and CEO stated "It is great to be drilling another new target from our vast portfolio of properties covering the most prospective epithermal regions of Japan. I am very encouraged by the results our exploration teams are delivering to identify further drill targets which may lead to future discoveries."

Located approximately 4 km south of the Kitano-o gold mine, the historic Saroma, Taiho and Chitose gold workings were developed on epithermal veins that step along a northeast trending fault zone which extends for at least 3.5 km along the Saroma valley (Figure 1). Operated during the 1930's, records show the Saroma mine produced 13,189 tons of ore at an average grade of 9.7 g/t gold between 1933 to 19391. There are no production records from the Taiho and Chitose workings, however, records indicate that exploration and mining commenced in these latter two areas immediately prior to the 1943 gold mining moratorium.

The Company's field observations at the Saroma prospect show vein structures up to 7 m wide discontinuously exposed along a 1.5 km long strike zone. Texturally, the veins exhibit typical low-temperature fine-grained colloform-crustiform-ginguro banded quartz-adularia textures indicating good preservation of the epithermal system. Quartz veins at Saroma are hosted in Cretaceous basement sediments which form an excellent brittle host rock for veining and the significant strike extent and preservation of the epithermal system supports deeper drill-targeting for high-grade mineralization below the shallowly developed workings.

1 Metal Mining Agency of Japan, March 1990, Geological Survey Report for Fiscal Year 1989, Northern Hokkaido Area B-Metalliferous Deposits Overview.

On behalf of the Board of Japan Gold Corp.

The technical information in this news release has been reviewed and approved by Japan Gold Vice President of Exploration and Country Manager, Andrew Rowe, BAppSc, FAusIMM, FSEG, who is a Qualified Person as defined by National Instrument 43-101.

Japan Gold Corp. is a Canadian mineral exploration company focused solely on gold exploration across the three largest islands of Japan: Hokkaido, Honshu and Kyushu. The Company has a country-wide alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral properties and mining projects. The Company holds a portfolio of 31 gold projects which cover areas with known gold occurrences, a history of mining and are prospective for high-grade epithermal gold mineralization. Japan Gold's leadership team represent decades of resource industry and business experience, and the Company has an operational team of geologists, drillers and technical advisors with experience exploring and operating in Japan. More information is available at www.japangold.com or by email at info@japangold.com

For further information please contact:

John Proust Chairman & CEO Phone: +1 778-725-1482 Email: info@japangold.com Website: www.japangold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements relating to expected or anticipated future events and anticipated results related to future partnerships and the Company's 2022 gold exploration program. These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, general economic, market and business conditions; competition for qualified staff; the regulatory process and actions; technical issues; new legislation; potential delays or changes in plans; working in a new political jurisdiction; results of exploration; the timing and granting of prospecting rights; the Company's ability to execute and implement future plans, arrange or conclude a joint-venture or partnership; and the occurrence of unexpected events. Actual results achieved may differ from the information provided herein and, consequently, readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this News Release. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable laws.

Figure 1: Saroma Project: simplified geology, historical mines and workings and 2022 scout drill program.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/5665/134091_6dc87fb6743789c2_001full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134091

News Provided by Newsfile via QuoteMedia

Japan Gold (TSXV:JG) is a gold exploration company with a vast portfolio of 30 gold projects across the island nation of Japan. Japan Gold's leadership team has long recognized the potential for gold exploration in Japan. When the Japan Mining Act was amended in 2012 for the first time, allowing foreign mineral companies the ability to hold exploration and mining permits, Japan Gold was the first foreign mineral exploration company to seize this opportunity.

Japan Gold is the only foreign mineral exploration company to focus solely on gold exploration in the country and has gathered a large portfolio of projects that collectively host over 40 past-producing gold mines and workings which were all shut down during World War II due to a government moratorium on gold mining.

During February 2020, Japan Gold announced a country-wide alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral properties and mining projects in Japan. The Japan Gold-Barrick alliance includes 28 out of 30 projects currently held by Japan Gold.

Japan Gold will continue to advance the Ikutahara Project in Hokkaido and the Ohra-Takamine Project in Kyushu independently guided by the Japan Gold/Newmont Technical Committee. Newmont Corporation has a joint venture right of first refusal on these two projects.

As a first-mover in the country, Japan Gold has also taken the opportunity to establish strong relationships with local universities and industry specialists, incorporating some of these—such as Mitsuhiko Yamada and Takashi Kuriyama—into its management team and board of directors. This first-mover position has also made the company a key resource for other organizations looking to partake in gold exploration in the region.

Japan Gold is led by an exceptional management team with extensive local knowledge and relationships. This team is supported by a knowledgeable board of directors and advisors. As Japan Gold is a spinoff of Southern Arc Minerals Inc (TSXV:SA)—a company that shares many of the same directors—26 percent of the company is held by its predecessor, giving the company a unique share structure.

Over the course of the next 12 months, Japan Gold plans to complete large scale, regional programs under the Japan Gold-Barrick alliance which is expected to include geochemical (BLEG) stream sediment analysis and geophysical analysis over the 28 projects included in the alliance. These programs are guided by the Japan Gold-Barrick Alliance Technical Committee.

In addition, the company plans to fully evaluate and drill permit three prospects on the two projects excluded from the Barrick alliance. Newmont has a joint venture right of first refusal on these two projects. Japan Gold plans to complete drill programs on at least two of these prospects over the next 12 months. These programs are guided by the Japan Gold/Newmont Technical Committee.

As a safe and stable jurisdiction, Japan hosts 76 known past producing gold mines, including five gold deposits greater than one million ounces.

All of Japan's gold mines were shut down in 1943 as part of a moratorium that was implemented by the government in light of World War II. Following that, there was a short period of small-scale production in the 1960s and 1970s and since then, production has been limited to a handful of mines including the Hishikari mine, which still produces today and is one of the world's highest-grade gold mines. The Hishikari mine has produced over 7.8 million ounces of gold between 1985-2019 at an average grade of 30-40 g/t gold.

Understanding the potential for gold exploration in the island nation, Japan Gold has entered the country as a first mover, collaborating with local companies and universities while engaging with local directors and advisors.

The most advanced of Japan Gold's projects is the 205.13 square kilometer Ikutahara project, located in Japan's northern island, Hokkaido. The project hosts 20 historic mines and workings, making it highly prospective for gold mineralization. Based on the results of Japan Gold's review of historical data and validation by its own in-house field programs, a Phase 1 scout drill program was completed in 2019. The surface geochemistry, CSAMT and gravity geophysics collected over the Kitano-o Prospect, along with the Phase 1 drill program results, have refined the company's understanding of the geology of the Kitano-o hydrothermal system and give strong vectors to the eastern side of the prospect. It is now interpreted that the western part of the Kitano-o Prospect represents the 'lateral outflow' of a large epithermal system, developed at depth in the eastern part of the three-kilometer-long prospect.

The historic Kitano-o Gold district comprises eight historic mines and workings over an approximate seven-by-four-kilometer area and includes the Kitano-o prospect. The district is highlighted by an extensive co-incident gold-arsenic-antimony mercury anomaly in stream sediment samples over the area.

The Kitano-o prospect, which includes the Kitano Mine, is located within a seven-by-four-kilometer gold district which hosts seven additional gold prospects. The Kitano-o mine produced more than 96,000 ounces of gold at an average grade of 5.9 g/t gold primarily from shallow open-pits along a three-kilometer alteration corridor, prior to the government-imposed closure in 1943.

Phase 1 drill testing of the western side of the Kitano-o Prospect was completed in late December 2019 with six diamond drill holes, totaling 2,837 meters. Drilling targeted depth extensions of the western end of a well-defined vein-corridor exposed within extensive shallow open-pits and geophysical anomalies. Significant zones of quartz veining were intersected corresponding to those mapped at surface, however, the low tenor of gold reported from drill core assays does not adequately reflect the over 96,000 ounces of gold mined from the exposed paleosurface sinter deposits in the open pits.

The eastern side of the Kitano-o prospect has now been identified as a key target area for Phase 2 drilling. Gold historically mined at the surface at the Kitano-o Mine is interpreted to have been deposited at the paleosurface during deposition of a silica-sinter apron through lateral outflow. Silica-rich fluids that formed the sinter, also carrying gold, flowed upwards then laterally out from hot spring vents connected to a deep epithermal boiling zone. Rock samples collected from the eastern side of the Kitano-o prospect show high gold and antimony values potentially indicating higher temperatures of deposition and closer proximity to the 'upflow' or 'boiling zone' where gold was precipitating. The figure below represents Japan Gold's current interpreted geological model for the Kitano-o prospect.

The Ryuo mine, operated prior to 1943, was developed on five vein zones identified within a 1,000-meter by 400-meter NE-SW oriented zoned alteration system, which remains open to the southwest. The Metal Mining Agency of Japan (MMAJ) reported data on the Jinja and Shouei veins and shows workings developed on up to six levels to a depth of 75 meters below the surface. Underground workings of the Jinja veins were re-sampled during the 1950s and some noticeably high-grade samples were reported. Historic channel samples include results that show high-grade shoot development such as 72 meters with average grades of 40.8 g/t gold and 168 g/t silver in addition to 9 meters of 31 g/t gold and 268 g/t silver.

CSAMT and gravity geophysics have been completed in selected areas and a Phase 1 scout drilling is currently being permitted.

The Ohra-Takamine Gold prospect lies within the highly gold endowed Southern Kyushu Epithermal Gold Province and hosts five historic gold mines, the Matsuno, Urushi, Takamine, Ohra, and Aira Yamada Mines, which define a northeast-oriented structural corridor. In excess of 11 million ounces of gold have been produced from high-grade low-sulfidation epithermal gold deposits in the province. Notable producers include the Hishikari Mine with 7.8 million ounces of gold produced to date at average grades of 30-40 g/t gold; Kushikino Mine with 1.8 million ounces at 6.7 g/t gold, the Yamagano Mine with 910,000 ounces at 17.4 g/t gold and the Okuchi Mine with 714,000 ounces at 13.6 g/t gold.

A 35 line-kilometer, grid-based, CSAMT geophysical survey was completed along a 4.2-kilometer portion of the Ohra-Takamine Mine corridor. The CSAMT geophysical survey at the Ohra-Takamine project was undertaken to identify zones of sub-surface electrical resistivity and conductivity, representing silicification and clay alteration related to epithermal vein systems.

Results of the CSAMT survey at Ohra-Takamine are very encouraging and have defined a number of linear kilometric-scale, contiguous resistive zones (CSAMT anomalies), locally extending to depth across the survey area.

Prospect-scale gravity readings were collected over an eight-by-four kilometer area with nominal 60 to 100-meter spacings along access roads and ridgelines and merged with Geological Survey of Japan gravity data to produce a new suite of processed gravity images. The spatial relationship between gravity highs and the major low-sulfidation epithermal gold deposits in the province is well described in the literature, and uplift or doming of the underlying basement, producing gravity anomalies, is interpreted as a key factor in the development of deep-seated fracture pathways for hydrothermal fluid flow and subsequent quartz vein development in these mines.

Geophysical surveys completed to date are expected to add a vital third dimension to the epithermal targets at the Ohra-Takamine Project.

John Proust has successfully founded and managed a number of resource companies. Mr. Proust has served on the boards and held senior operating positions, and has directed and advised public and private companies regarding debt and equity financing, mergers and acquisitions and corporate restructuring since 1986. Mr. Proust is currently Chairman and CEO of Southern Arc Minerals Inc., Chairman and a director of Canada Energy Partners Inc., and a director of Rise Gold Corp. Mr. Proust has extensive experience in corporate governance, is a graduate of The Directors College, Michael G. De Groote School of Business at McMaster University and holds the designation of Chartered Director.

Dr. Mike Andrews is a geologist with more than 40 years of research and mining industry experience in gold, copper, coal and iron. He holds an honours degree in Geology from the University of Reading, and a doctorate in exploration geochemistry from the University of Wales. Dr. Andrews is also currently President & COO and a director of Southern Arc Minerals Inc., and a Non-executive Director of Kingsrose Mining Limited. He was a founding director of Kingsrose Mining Limited and played an instrumental role in the discovery, exploration, feasibility and development of its Way Linggo Gold Mine in Indonesia. Dr. Andrews also held the positions of Executive Director and Chief Geologist of AuIron Energy Ltd., Director of Gold Operations for Meekatharra Minerals Ltd., and managed the Teck-MM Gold Indonesian Joint Venture, an exploration portfolio of thirteen gold and copper projects in Indonesia. He also held senior exploration positions with Ashton Mining Ltd, Aurora Gold Ltd., and Muswellbrook Energy and Minerals.

John Carlile is a geologist with more than 35 years of experience in the resource industry. He has held senior executive and director positions with both major and junior resource companies, including as President of Indonesian and Philippines subsidiaries of Newcrest Mining Limited. As a geologist, he has a proven track record of mineral discovery and business building in Asia, most notably as Exploration Manager, Asia for Newcrest Mining Limited when it discovered its Gosowong mine. He has served on the boards of several resource companies, and currently holds the position of director for Southern Arc Minerals Inc. and Non-executive director of Kingsrose Mining Limited. He holds a BSc in Geology from University of Reading, England, and an MSc in Mineral Exploration from the Royal School of Mines, Imperial College, University of London. He is a Fellow of the AusIMM and a Fellow of the Geological Society of London.

Takashi Kuriyama, a geology graduate of the Mining and Geology Department of Akita University, served in increasingly senior roles with Sumitomo Metal Mining Co., Ltd. (“Sumitomo") from 1974 until his recent retirement as General Manager of its Global Exploration and Development Department. During his career at Sumitomo, Mr. Kuriyama had the role of Exploration and Geology Manager at Sumitomo's Hishikari world class gold mine in Kyushu, Southern Japan, and subsequently held senior exploration positions in Africa, Australia, Mexico, Canada and the United States of America. In the roles of Executive Vice President of Sumitomo Metal Mining America Inc. and Managing Director of Sumitomo Metal Mining Oceania Pty Ltd., he oversaw the development of the Northparkes copper-gold porphyry copper mine and the Pogo gold mine in Alaska. During his career with Sumitomo, he was seconded to Japanese Government Organizations serving as Councilor at the Metals Exploration Group of the Japan Oil, Gas and Metals National Corporation (JOGMEC) and Director at the Joint Venture Exploration Division for the Metal Mining Agency of Japan (MMAJ). Mr. Kuriyama also served as a Director of Teck Resources Limited from 2006 until 2016.

Kotaro Ohga held the position of Associate Professor at Hokkaido University in the Graduate School of Engineering. With a PhD in Mining Engineering, Dr. Ohga has extensive experience with permitting and drill programs in Japan. As Chief Engineer, Dr. Ohga is the main point of contact between Japan Gold and the Japanese Government, offering invaluable insight and expertise as Japan Gold advances its properties.

Andrew Rowe comes to Japan Gold through his previous position with Southern Arc Minerals. He joined Southern Arc in 2006 as a Senior Geological Consultant and was soon promoted to Chief Geologist and then Executive Vice President, leading Southern Arc's exploration programs from grassroots exploration through to completion of the first resource estimate at the Company's West Lombok Project. He planned and implemented large-scale exploration programs, managing both the technical and administrative aspects of the projects. He briefly left Southern Arc in December 2014, and then rejoined the Company as a consultant in August 2015 to continue with Southern Arc's exploration projects in Japan. He graduated with a Bachelor of Applied Science degree in Geology from the University of Technology, Sydney, Australia. He is a Member of the Australasian Institute of Mining and Metallurgy and a Fellow of the Society of Economic Geologists. He has experience in mineral exploration and project management in Australia and various countries in Southeast Asia including Thailand, Indonesia, Mongolia, China and Laos. During this time he held exploration positions with Renison Goldfields, Normandy Anglo Asia, Phelps Dodge, Aurora Gold and Ivanhoe Mines. Immediately prior to joining Southern Arc he was the principal geologist for Pan Australian Resources Ltd (Laos) and part of the team responsible for successfully bringing the Phu Kham Cu-Au porphyry deposit through to bankable feasibility.

Mr. Boon is a chartered accountant with over ten years of professional accounting experience with private and public companies focusing on financial reporting, regulatory compliance, internal control and corporate finance activities. Mr. Boon's experience includes financial reporting for both Canadian and U.S. listed companies with international subsidiaries, strategic planning, tax planning, corporate governance, equity financings and due diligence for acquisitions. As an employee of J Proust & Associates, an organization providing public company management and venture capital to start-up and junior companies, Mr. Boon is also the CFO of Southern Arc Minerals Inc., Canada Energy Partners Inc., and Rise Gold Corp. Mr. Boon holds a Bachelor of Science degree from the University of British Columbia and is a Chartered Professional Accountant, CPA, CA.

Mitsuhiko Yamada is a mining business professional with international experience overseeing all aspects of mining projects from exploration through to production. He earned his degree in International Economics at Keio University and spent his career with Sumitomo Corporation. He worked around the globe for Sumitomo, managing various mining projects and overseeing joint venture relationships with some of the world's biggest mining companies, including Newmont, Phelps Dodge, Teck, Xstrata, Rio Tinto and Sherritt. He held increasing senior roles with Sumitomo, ultimately achieving the position of Executive Officer and General Manager of Mineral Resources. He retired from Sumitomo Corporation in 2012 and is currently a Lecturer of English at the Department of Industrial Engineering & Management at Kanagawa University.

Bob Gallagher has more than 40 years of experience in the mining industry and is a Mineral Engineer with a specialty in mineral processing. Currently Mr. Gallagher is a director for Yamana Gold Inc., Southern Arc Minerals Inc., Capstone Mining Corp., and BC Hydro. Most recently, he held the position of President and Chief Executive Officer at New Gold Inc. Previously, Mr. Gallagher held increasingly senior management roles at Newmont Mining Corporation over a seven-year period, including Vice President Operations, Asia Pacific; Vice President, Indonesian Operations; and General Manager, Batu Hijau. Earlier in his career, Mr. Gallagher worked at a number of operating mines located throughout the Americas and Asia in various engineering, metallurgical, and mine management roles, including most notably 15 years at Placer Dome Inc. Mr. Gallagher has considerable project development and operational experience. He has been recognized by industry associations for his contributions throughout his career, most notably in 2013 he accepted the Prospector & Developer Association of Canada's Viola R. MacMillan Award for Company or Mine Development on behalf of New Gold Inc., and in 2014 he was jointly recognized by the Association for Mineral Exploration British Columbia with the E.A. Scholz Award for excellence in mine development.

Dr. Sally Eyre is a mining finance professional with extensive experience in global resource capital markets and mining operations. During 2011 to 2014 she served as President & CEO of Copper North Mining and prior to that she served as Senior Vice President, Operations at Endeavour Mining, responsible for a portfolio of exploration, development and production projects throughout West Africa. She also served as President & CEO of Etruscan Resources Inc. (now Endeavour Mining Corp.), a gold company with producing assets in West Africa. She has served as Director of Business Development for Endeavour Financial Ltd. and has held executive positions with a number of Canadian resource companies. She was appointed Senior Vice President, Corporate Development of Petro Rubiales Energy Corp. (now Pacific Rubiales Energy) and also served as Vice President, Corporate Affairs of UrAsia Energy Ltd. (now Uranium One). In 2003 she served as President & CEO of TLC Ventures Corp. (now Calibre Mining Corp.). She has a PhD in Economic Geology from the Royal School of Mines, Imperial College, London. She is a member of the Society of Economic Geologists (SEG) and a former Director of the SEG Canada Foundation.

Mr. Flanigan is a management consultant providing financial advisory services to a number of public and private oil and gas, mining and technology companies in North America and abroad. Mr. Flanigan is a Chartered Accountant and a Chartered Financial Analyst with expertise in corporate finance, mergers and acquisitions, international taxation, risk management, banking, treasury, corporate restructuring and accounting, and has served as Chief Financial Officer for various public and private companies. Mr. Flanigan is currently a Managing Principal of Kepis & Pobe Financial Group Inc. and a key member of its executive management team responsible for the negotiation and closing of numerous recent large scale oil & gas transactions in West Africa, offshore Guyana and the Middle East. Prior to founding his own consulting company, Mr. Flanigan served as Senior Vice President, Corporate Development and CFO of Qwest Investment Management Corp., where he was responsible for regulatory reporting and corporate filings for over 15 private and publicly listed companies and limited partnerships in Qwest's portfolio, as well as arranging and closing numerous equity and debt financings. Mr. Flanigan also served as VP Corporate Development for Adelphia Communications Corporation, overseeing the company's financial restructuring and ultimate sale to Time Warner Inc. and Comcast Corporation for approximately US$18 billion.

Mr. Burney was the Ambassador of Canada to Japan from 2016 to 2021. Mr. Burney is an accomplished, high-performing public service executive and diplomat with over 30 years of experience in international affairs, particularly in the area of global economic issues. Mr. Burney graduated in 1985 from McGill University, Montreal, with a Bachelor of Arts with honours in Political Science, and in 1986 from University of Toronto, with a Master of Arts in International Relations. Mr. Burney joined the Department of External Affairs in 1987 and has held a range of positions in Ottawa and diplomatic postings overseas.

Mr. Carrick is currently Chairman of RTG Mining Inc. and has been responsible for the development of seven major gold mines in five countries around the world including the development of the largest gold mine in the Philippines. That mine was merged with B2 Gold of Canada in a US$4.5 billion merger. Mr. Carrick is a Chartered Accountant with over 30 years of experience in the resources sector. He holds a degree in Commerce from the University of Natal, and an Accounting and Finance degree from the University of the Witwatersrand, and is a member of the Institute of Chartered Accountants both in South Africa and in Australia

Ms. Heersche is a partner in the Global Mining Group at Fasken Martineau DuMoulin LLP and is the head of the firm-wide ESG Steering Committee. Prior to Fasken, Ms. Heersche was a partner at White & Case LLP where she was co-Chair of the Global Metals & Mining Practice Group and executive managing partner of its Johannesburg office. Ms Heersche is a highly regarded expert and strategic advisor in the natural resources industry with over 25 years of international industry experience. She has a particular emphasis on project development, investment agreement negotiations and the integration of ESG into development frameworks. Ms. Heersche holds an LLB from the University of Toronto and a BSc (Physiology) and BA (German Literature) from Western University .

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to provide an update on the progress of the Barrick Alliance following the 6-month extension to its Initial Evaluation Phase in February 2022.

Thorough field and data reviews were completed by senior Barrick and Japan Gold personnel from May to July this year across identified areas of high-prospectivity within the 29 project Barrick Alliance portfolio. These comprehensive reviews will allow Barrick to decide on projects that meet their criteria for advancement to the Second Evaluation Phase by August 31, 2022.

As part of the Barrick Alliance agreement, Barrick agreed to sole fund a 2-year Initial Evaluation Phase of all 29 projects and sole fund a subsequent 3-year Second Evaluation Phase on projects which meet their criteria. In February 2022, Barrick requested a 6-month extension to the two-year Initial Evaluation Phase to August 31st due to delays and travel restrictions caused by the global Covid pandemic.

Barrick's criteria for project advancement requires the potential for a project to host either a Tier 1 or Tier 2 ore body. Tier 1 projects are defined by Barrick as having 5 million ounce or greater potential with annual production of at least 500,000 ounces of gold for 10 years, Tier 2 projects have 3 million ounce or greater potential with annual production of 300,000 ounces of gold for 10 years.

Following Barrick's decisions, Japan Gold will continue to provide full support and management of the Alliance Second Phase Evaluation programs.

John Proust, Chairman & CEO commented, "With the thorough evaluations completed by the Alliance, the Company now holds a comprehensive and unique data set on Japan's epithermal-gold districts and is positioned to advance areas of high-prospectivity which don't fit Barrick's criteria but can still host large high-grade gold deposits.

On behalf of the Board of Japan Gold Corp.

For further information please contact:

John Proust Chairman & CEO Phone: +1 778-725-1482 Email: info@japangold.com Website: www.japangold.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/133099

News Provided by Newsfile via QuoteMedia

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to announce completion of an additional seven drill holes at the Ryuo prospect, and commencement of drilling at the Kitano-o prospect, both prospects are located within the 100% owned Ikutahara Project in Hokkaido, Japan.

Seven additional drill holes were completed at Ryuo for a total of 2,888 m of diamond drill core between April and June this year. Drilling was positioned to step-out at approximate 50 m intervals from high-grade mineralization encountered in the 2021 drill program, and test continuity of mineralization along strike and to depth (Figure 1 & 2). Samples from the 7 drill holes have been submitted to the ALS laboratory in Vancouver for assay and results are expected to be released in September. For more information on the 2021 drilling results at the Ryuo prospect refer to the Company's news release dated 22nd February 2022.

Drilling operations have now moved to the east side of the Kitano-o prospect where three 700 m deep drill holes are planned. Drilling will target below combined geochemical and geophysical anomalies to locate the deeper source of gold mined from the Kitano-o placer deposits. Surface programs previously completed on the eastern side of the Kitano-o prospect show elevated gold and pathfinder element geochemistry in soil and rock supported by CSAMT resistivity anomalies which lie proximal to the intersection of major gravity inferred graben-bounding and transfer faults (Figure 1).

More than 96,000 ounces of gold were produced from the Kitano-o mine, prior to the government-imposed closure in 19431. Gold was mined along a 3 km long zone from clay-rich placer deposits located immediately below the Kitano-o sinter.

2022 Ikutahara Project Surface Exploration Programs

Sampling of extensions to soil grids completed in 2021 at the Ryuo and at Kitano-o prospect has also commenced (Figure 1). Extensions to the soil grid at Ryuo will aim to advance additional drill targets both parallel and along strike of the known prospect area. At East Kitano-o, open-ended gold and pathfinder element anomalies on the north side of the grid extend towards the flank of Maruyama rhyolite dome. Dome margins are a prime site for epithermal vein deposits in the region. A good analogy of this is seen at the Konomai mine located 20 km to the north of the Ikutahara project where 2.35 Moz of gold were mined from a series of veins located within and along the margin of a rhyolite dome complex. A 3 km southward extension of the Kitano-o soil grid will further define the strike potential of en echelon veining at the historical Ikutahara and Showa mine workings. Sampling of historic mine dump material by the Company on these shallowly developed workings gave gold grades up to 93.3 g/t Au, refer to the Company's news release dated May 7, 2018.

1 Metal Mining Agency of Japan, March 1990, Geological Survey Report for Fiscal Year 1989, Northern Hokkaido Area B-Metalliferous Deposits Overview.

On behalf of the Board of Japan Gold Corp.

"John Proust" Chairman & CEO

For further information please contact:

John Proust Chairman & CEO Phone: +1 778-725-1482 Email: info@japangold.com Website: www.japangold.com

Figure 1: Ikutahara Project: simplified geology, historical mines and workings and 2022 work program locations.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/5665/132559_d9e6514dc47ac809_001full.jpg

Figure 2: Ryuo prospect alteration map with rock chip samples, 2021 drill holes, completed 2022 drill holes and historic workings

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/5665/132559_d9e6514dc47ac809_002full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/132559

News Provided by Newsfile via QuoteMedia

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (the "Company") is pleased to announce acceptance by the Japanese Ministry of Economy, Trade and Industry ("METI") of 13 new prospecting rights applications covering 3,972 hectares between its Barrick Alliance Aibetsu and Tenryu Projects, in north Hokkaido.

Stream-sediment samples analysed for gold and pathfinder elements were systematically collected at Aibetsu in 2020-21 as part of the larger regional screening program conducted across the Barrick Alliance projects (Figure 1). A review of the data has identified multiple, strong gold and pathfinder element basin anomalies across the Aibetsu and Tenryu project areas. Anomalous basins include those draining areas of known gold and mercury workings on the west side of Aibetsu and at Tenryu. Additionally, strong and contiguous basin anomalies defining a significantly larger area have now been identified both within and outside of the current project boundaries on the east side of Aibetsu, and Tenryu projects. Based on this information, new prospecting rights applications were filed to cover these open anomalies and the acceptance by METI gives the Barrick Alliance priority to advance the expanded Aibetsu district (Figure 2).

The historic Aibetsu Goldfield includes four known hard rock and eluvial gold and mercury workings including the Tokusei mine (Au), Kinzan (Au), Motoyama (Hg) and Yamamezawa (Hg) workings. The Tokusei gold mine produced 38,000 ounces of gold and 474,000 ounces of silver from underground development between 1930 and 19431.

Historic production at Tokusei came from a swarm of approximately 20 banded epithermal veins hosted in andesitic volcanic rocks. Individual veins varied in length from 22 to 425 metres, and one exceptional vein, the Sanjinhi vein, averaged 6.4 m in width over a 140 m strike length, and averaged 17.7 g/t gold and 20.4 g/t silver2.

Government funded exploration work around the Tokusei mine workings in the late 1990's included a drilled vein intercept of 1.4 m grading 69 g/t gold and 263 g/t silver from a drill hole 500 m to the northeast of the Tokusei mine workings3. The Company has identified extensive areas of anomalous gold and pathfinder elements in soil sampling which highlight the prospectivity of strike extensions at the Tokusei mine. For more detailed information on the Aibetsu Project, refer to the Company's website and news release dated February 28, 2018.

1 Watanabe, Y., (1995). A Tectonic Model for Epithermal Au Mineralisation in NE Hokkaido, Japan. Resource geology Special Issue, No. 18, pp. 257-269.

2 Fujiwara, T., Konoya, M., and Matsui, K. (1960). Geology and mineral deposits in the Aibetsu area, Hokkaido Chikashigen Chosashiryo 59: pp. 1-20 (in Japanese).

3 Metal Mining Agency of Japan, Geological Survey Report for Fiscal Year 2002, North Hokkaido Area.

The technical information in this news release has been reviewed and approved by Japan Gold's Vice President of Exploration, Andrew Rowe, BAppSc, FAusIMM, FSEG, who is a Qualified Person as defined by National Instrument 43-101.

On behalf of the Board of Japan Gold Corp.

For further information, please contact:

John Proust Chairman & CEO Phone: 778-725-1491 Email: info@japangold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements relating to expected or anticipated future events and anticipated results related to future partnerships and the Company's 2020 gold exploration program. These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, general economic, market and business conditions; competition for qualified staff; the regulatory process and actions; technical issues; new legislation; potential delays or changes in plans; working in a new political jurisdiction; results of exploration; the timing and granting of prospecting rights; the Company's ability to execute and implement future plans, arrange or conclude a joint-venture or partnership; and the occurrence of unexpected events. Actual results achieved may differ from the information provided herein and, consequently, readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this News Release. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable laws.

Figure 1: Kitami Metallogenic Province, Japan Gold & Alliance Projects and significant mines

To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/5665/127062_1232d5b274fe28a6_001full.jpg

Figure 2: Aibetsu and Tenryu projects, prospecting rights and applications

To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/5665/127062_1232d5b274fe28a6_002full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/127062

News Provided by Newsfile via QuoteMedia

Japan Gold Commences its 2022 Exploration Programs in Hokkaido

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to announce the commencement of 2022 exploration programs with the start of drilling at the Ryuo prospect, located within the 100% owned Ikutahara Project in Hokkaido, Japan.

Upon completion of the Ryuo program, drilling will shift to the Kitano-o and Saroma prospects where an additional 7 drill holes comprising approximately 3,500 m of drilling are planned.

Andrew Rowe, Vice President of Explorationcommented, "We are now poised to expand on the exciting high-grade intersections from last year's drilling at Ryuo. With three rigs now turning, and a fourth rig ready, we can quickly position step out holes based on good visual vein intersections.

The dramatic increase in width and grade to depth at the Jinja vein demonstrates significant potential and shows the historic workings only scratched the surface of a well-preserved epithermal system. Similarly, indications point to deeper vein targets below the mineralized eruption breccias at the Ryuei and Buryu zones in the southwest of the prospect.

With an initial 7,000m of drilling on three separate prospects, and other prospect surface programs, we plan to rapidly advance multiple high-ranked prospects at Ikutahara in 2022."

Three separate drill programs are planned for completion in 2022 at the Ikutahara Project, these include the Ryuo, East Kitano-o and Saroma prospects for a total of 7,000 m of diamond drill core. Additional drill meters will be allocated based on success of these programs. All four of the Company's drill rigs and the experienced in-house drilling team are focused on Ikutahara, three rigs are currently drilling, and the fourth rig is in position to allow flexibility of targeting and decrease down-time between drill holes. The Company's drill rig fleet comprises two PMC700 man portable rigs capable of reaching 700 m in NQ, and two PMC400 man portable rigs capable of reaching 400 m in NQ.

Surface exploration programs planned at Ikutahara for 2022 will include significant extensions to soil grids completed in 2021 at the Ryuo and at Kitano-o prospect areas (Figure 1). Extensions to the soil grid at Ryuo will help to define additional vein targets both parallel and along strike of the known prospect area. At East Kitano-o, open-ended gold and antimony anomalies on the north side of the grid are associated with the flank of the northeast trending Maruyama rhyolite dome, which extends for a further ~1 km to the northeast. Dome margins are a prime location for epithermal vein deposits, and soil sampling along this contact zone will advance the potential of this target. A 3 km southern extension of the East Kitano-o soil grid will further define strike extensions and potential parallel vein zones at the Ikutahara and Showa prospects. Historical workings at Ikutahara and Showa exploited high-grade epithermal veins and grab sampling of historic mine dump material gave gold grades up to 93.3 g/t Au, refer to the Company's news release dated May 7, 2018.

The Ryuo Prospect comprises five areas of workings; Jinja, Shouei, Taisei, Ryuei and Buryu that were developed along a 1.2 km long, open ended trend of alteration and mineralization prior to the government-imposed closure in 1943 (Figure 2). Historical underground sampling of the Jinja vein workings revealed high-grade gold-silver mineralization including 'level 4' of the workings, which were sampled along a 72 m strike length giving an average grade of 40.8 g/t Au and 193 g/t Ag, with an average vein width approximately 0.5 m.

During 2021, the Company completed 11 drill holes at Ryuo for a total of 3,207.9 m of diamond drill core (Figure 1). Initially planned 2022 drill holes at Ryuo will step-out on high-grade intersections at Jinja vein including drill hole IKDD21-010 which intersected 20.0 m @ 6.3 g/t Au & 15.7 g/t Ag, and IKDD21-001 which intersected 4.9 m @ 12.1 g/t Au & 33.0 g/t Ag. Drilling at the Ryuei and Buryu breccia zones, located 500 m and 800 m southwest of Jinja, will target depth extensions of ultra-high-grades intersected in 2021including 0.45 m @ 1,395 g/t Au & 768 g/t Ag, and 1.0 m @ 30 g/t Au & 284 g/t Ag from drill holes IKDD21-008 and IKDD21-007. These mineralized quartz veins are hosted in an extensive silicified gold and pathfinder element anomalous eruption-breccia, inferred to represent the top of the epithermal system, below which wider epithermal veins may be developed in the feeder structure of the breccia. Drilling will also target the shallower elevations of a wide, blind vein-stockwork zone intersected along a 29 m length in the bottom of drill hole IKDD21-009. This broad vein zone, anomalous in gold along its length, included an interval of 3.6 m @ 3.0 g/t Au & 23.3 g/t. It is inferred that the shallower elevations of this structure may carry higher gold grades. For more information on the Ryuo 2021 drilling refer to the Company's news releases dated September 14th, 2021 and February 22nd, 2022.

The Kitano-o mine, the Kitami Region's third largest gold mine, produced in excess of 96,000 ounces of gold at a grade of 5.9 g/t1 prior to 1943. Gold was won largely from an eluvial placer deposit located below the sinter. The Kitano-o prospect comprises a large (3 km x 500 m) epithermal hot-spring system defined by silica-sinter outcrops, widespread sinter boulder accumulations, gold bearing sub-sinter quartz veining, and an extensive steam-heated alteration zone. Silica-sinter and steam-heated alteration are the surface manifestation of epithermal gold-silver vein systems developing at depth. The presence of outcropping silica-sinter at Kitano-o implies the epithermal system is preserved and numerous veins directly under the sinter indicate a significant amount of gold has leaked through from boiling-zones located at depth.

Better developed gold and pathfinder element geochemistry developed on the east side of the prospect close to graben margin faults, indicate proximity to a potential boiling zone source of the placer gold at Kitano-o. Three initial drill holes will target the deeper intersection ofsurface geochemical anomalies and coincident CSAMT resistors with Cretaceous basement rocks. The basement rocks are an excellent host for veins, and akin to the setting of bonanza gold-grades seen at the 'Honko' vein in the Hishikari mine in Kyushu.

Located approximately 4 km south of the Kitano-o gold mine, the historic Saroma, Taiho and Chitose gold workings were developed on sheeted epithermal veins zones that step along a northeast trending fault zone which extends for at least 3.5 km an along the Saroma valley. Operated during the 1930's, records show the Saroma mine produced 13,189 tons of ore at an average grade of 9.7 g/t gold between 1933 to 19391. There are no production records from Taiho and Chitose, however, historic records indicate that exploration and mining commenced in these latter two areas immediately prior to the 1943 gold mining moratorium.

The Company's field observations show vein structures up to 7 m wide along discontinuously exposed strike lengths of up to 1.5 km. Texturally, the veins exhibit typical low-temperature fine-grained colloform-crustiform banded quartz-adularia vein textures indicating good preservation of the basement hosted epithermal vein system. The Cretaceous basement sediments are an excellent brittle host rock for wide vein structures. The significant strike extent of the epithermal vein systems in the Saroma valley and preservation based on vein textures, support scout drilling beneath the shallowly developed workings at Saroma.

1 Metal Mining Agency of Japan, March 1990, Geological Survey Report for Fiscal Year 1989, Northern Hokkaido Area B-Metalliferous Deposits Overview.

On behalf of the Board of Japan Gold Corp.

For further information please contact:

John Proust Chairman & CEO Phone: +1 778-725-1482 Email: info@japangold.com Website: www.japangold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements relating to expected or anticipated future events and anticipated results related to future partnerships and the Company's 2020 gold exploration program. These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, general economic, market and business conditions; competition for qualified staff; the regulatory process and actions; technical issues; new legislation; potential delays or changes in plans; working in a new political jurisdiction; results of exploration; the timing and granting of prospecting rights; the Company's ability to execute and implement future plans, arrange or conclude a joint-venture or partnership; and the occurrence of unexpected events. Actual results achieved may differ from the information provided herein and, consequently, readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this News Release. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable laws.

Figure 1: Ikutahara Project: simplified geology, historical mines and workings and 2022 work program locations.

To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/5665/122910_3cc27495749e7b53_001full.jpg

Figure 2: Ryuo prospect: alteration map with rock chip samples, 2021 drill holes, initially planned 2022 drill holes and historic workings

To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/5665/122910_3cc27495749e7b53_002full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/122910

News Provided by Newsfile via QuoteMedia

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to provide an update on the Barrick Alliance agreement, and progress following the technical workshops held in November 2021 and January and February 2022.

Japan Gold formed a country-wide alliance with Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX) ("Barrick") in February 2020 to jointly explore, develop and mine certain gold mineral properties and mining projects in Japan (the "Barrick Alliance") (see February 24, 2020, news release). As part of the agreement Barrick agreed to sole fund a 2-year Initial Evaluation Phase of each project and sole fund a subsequent 3-year Second Evaluation Phase on projects which meet Barrick criteria. Barrick has spent US$5.6 million on the Initial Evaluation Phase from the formation of the Barrick Alliance to the end of 2021.

Barrick has requested an extension of the two-year Initial Evaluation Phase by 6 months to August 31, 2022 due to travel restrictions caused by the global Covid pandemic. Barrick will continue to sole fund all Barrick Alliance activities and not release any of the existing projects until this time (Figure 1).

Joel Holliday, Barrick EVP Exploration stated, "The Barrick Alliance team has run an exceptional field campaign across the majority of the principal hydrothermal districts in Japan over the last two years. Our aim has been to evaluate and screen the full potential of these areas before becoming too focused on specific targets, so it is very rewarding to see the work defining some exciting target areas for the next phase of more detailed work. The time extension will enable us to receive all the data collected across the portfolio and our focus will then be on progressing the most prospective areas through the Second Evaluation Phase."

The Barrick Alliance technical team has defined several significant areas of interest (AOI's) across the Hokusatsu Region in southern Kyushu, and the Kitami Region in north Hokkaido, and is now finalizing staged work programs for these AOI's to be completed over the next 6 months.

Initial Evaluation Phase work programs, comprised of geochemical sampling and geophysical gravity surveys, have been completed over the majority of the 2,113 km2 Barrick Alliance portfolio. These work programs have identified over 40 gold anomalies of high interest and this has driven the expansion of project areas. Final decisions, consequently, have not yet been reached on all 29 project areas due primarily to the significant 42% increase in the Alliance portfolio over the past 2 years. This significant expansion has resulted in pending sample assay-data for some areas, and a lack of sample coverage in more newly acquired areas, all of which are required for a proper evaluation.

John Proust, Chairman & CEO commented, "We appreciate Barrick's thorough and systematic approach toward the evaluation of the 29 projects included in the Barrick Alliance. The 42% increase in the area of the portfolio is primarily a result of the identification of over 40 gold anomalies in areas of interest, generated by the work completed over the past 2 years and associated expansion of the project areas. This bodes well for the prospectivity in these areas. We look forward to diligently completing the Barrick Alliance project evaluations and supporting Barrick's decision on the projects that will be advanced to the Second Evaluation Phase."

On behalf of the Board of Japan Gold Corp.

"John Proust" Chairman & CEO

The technical information in this news release has been reviewed and approved by Japan Gold's Vice President of Exploration and Country Manager, Andrew Rowe, BAppSc, FAusIMM, FSEG, who is a Qualified Person as defined by National Instrument 43-101.

For further information please contact: John Proust Chairman & CEO Phone: 778-725-1491 Email: jproust@japangold.com Website: www.japangold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements relating to expected or anticipated future events and anticipated results related to future partnerships and the Company's 2021 and 2022 gold exploration program. These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, general economic, market and business conditions; competition for qualified staff; the regulatory process and actions; technical issues; new legislation; potential delays or changes in plans; working in a new political jurisdiction; results of exploration; the timing and granting of prospecting rights; the Company's ability to execute and implement future plans, arrange or conclude a joint-venture or partnership; and the occurrence of unexpected events. Actual results achieved may differ from the information provided herein and, consequently, readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this News Release. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable laws.

Figure 1: Barrick Alliance and Japan Gold independent projects.

To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/5665/115062_f6bfeea6845d1ba6_001full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115062

News Provided by Newsfile via QuoteMedia

GCM Mining Corp. (GCM Mining) (TSX: GCM; OTCQX: TPRFF) and Aris Gold Corporation (Aris Gold) (TSX: ARIS; OTCQX: ALLXF) announce they have filed the joint management information circular and related meeting materials in connection with their respective special meetings of shareholders to be held on September 19, 2022. The purpose of the meetings is to approve the proposed business combination of GCM Mining and Aris Gold announced on July 25, 2022. The combined entity will continue under the name Aris Mining Corporation and will be a gold producer with increased scale, increased diversification of operating and project development risk, have an improved capital markets profile, and reduced overhead costs.

Pursuant to the transaction, Aris Gold shareholders will receive 0.5 of one GCM Mining share for each Aris Gold share held. At closing, based on the respective share values at the date of announcement of the transaction, GCM Mining and Aris Gold shareholders (excluding the 44% of Aris Gold shares held by GCM Mining) will own approximately 74% and 26% of the combined entity, respectively, on a diluted in-the-money basis.

The Board of Directors of GCM Mining and the Board of Directors of Aris Gold have unanimously approved the transaction and recommend that shareholders vote in favour of the transaction at their respective meetings.

On August 16, 2022, Aris Gold obtained an interim order from the Supreme Court of British Columbia authorizing the holding of the Aris Gold special meeting of its shareholders and matters relating to the conduct of the Aris Gold Meeting. Mailing of the joint management information circular and related meeting materials will begin soon and shareholders of both GCM Mining and Aris Gold should receive them shortly. All of the meeting materials are available on GCM Mining's website at www.gcm-mining.com and on Aris Gold's website at www.arisgold.com , as well as on each company's profile on SEDAR at www.sedar.com . GCM Mining and Aris Gold shareholders should carefully review all of the meeting materials as they contain important information concerning the transaction and the rights and entitlements of the shareholders thereunder.

Completion of the transaction is subject to customary conditions, including GCM Mining shareholder approval, Aris Gold shareholder approval, final approval from the Toronto Stock Exchange, and other regulatory approvals. The transaction is expected to close before the end of September 2022.

GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at its Segovia Operations. Segovia produced 206,389 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining has equity interests in Aris Gold Corporation (~44%; TSX: ARIS; Colombia – Marmato, Soto Norte; Canada – Juby), Denarius Metals Corp. (~32%; TSX-V: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (~26%; TSX-V: WA: Nunavut – Meadowbank).

Additional information on GCM Mining can be found at www.gcm-mining.com and www.sedar.com .

Aris Gold is a Canadian mining company listed on the TSX under the symbol ARIS and on the OTCQX under the symbol ALLXF. The Company is led by an executive team with a demonstrated track record of creating value through building globally relevant gold mining companies. In Colombia, Aris Gold operates the 100%-owned Marmato mine, where a modernization and expansion program is under way, and as of April 12, 2022, operates the Soto Norte joint venture, where environmental licensing is advancing to develop a new gold mine. Aris Gold also owns the Juby project, an advanced exploration stage gold project in the Abitibi greenstone belt of Ontario, Canada. Aris Gold plans to pursue acquisition and other growth opportunities to unlock value creation from scale and diversification.

Additional information on Aris Gold can be found at www.arisgold.com and www.sedar.com .

This news release contains "forward-looking information" or "forward-looking statements" within the meaning of Canadian securities legislation. All statements included herein are forward-looking, other than statements of historical fact, including without limitation statements relating to: approval by the GCM Mining and Aris Gold shareholders; the satisfaction of the conditions precedent to the transaction, and timing, receipt and anticipated effects of court, regulatory and other consents and approvals. Generally, the forward-looking information and forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "will continue" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered. The material factors or assumptions used to develop forward-looking information or statements are disclosed throughout this news release.

Forward-looking information and forward-looking statements, while based on management's best estimates and assumptions, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of GCM Mining, Aris Gold and the resulting entity to be materially different from those expressed or implied by such forward-looking information or forward-looking statement

Although GCM Mining and Aris Gold have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. The forward-looking statements and forward-looking information are made as of the date hereof and each of GCM Mining and Aris Gold disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information.

Source: GCM Mining Corp. and Aris Gold Corporation

News Provided by GlobeNewswire via QuoteMedia

Endeavour Silver Corp. ("Endeavour" or the "Company") (NYSE: EXK; TSX: EDR) regrets to announce that the Company's founder, Director and Executive Chairman, Bradford Cooke passed away suddenly and unexpectedly in Vancouver, BC at the age of 67. Endeavour wishes to extend our sincere condolences to his family, friends, business associates and his extensive network amongst the investment community.

Brad Cooke is well known as an accomplished geologist with nearly five decades of experience in the metals and mining industry. Brad has been a vibrant member of the mining community and will be dearly missed. As a professional geologist and entrepreneur, he has created shareholder value for stakeholders around the world through discovery, development and operations in his long-standing successful career. He has earned a reputation as an eternal optimist trying to shape the world for the greater good with constructive hard work.

Throughout all his success in business, he never forgot the difficulties of the less fortunate. He collaborated on numerous humanitarian projects over many years to make a positive difference. He instilled corporate social responsibility at Endeavour from the start in the communities near our mines. He also served as President of the Silver Institute, as an industry voice in creating public awareness of the silver industry.

Brad Cooke formed Endeavour together with Godfrey Walton in 2003 for the purpose of acquiring and developing high grade silver-gold projects in Mexico. Since that time, the Company has acquired, rebuilt and expanded four silver mines and made a significant discovery with potential to become Endeavour's next cornerstone mine.

Dan Dickson, CEO of Endeavour stated, "We are incredibly saddened by this sudden loss. Brad was extremely loyal to his people. He will be sincerely missed and always remembered by a large group of family and friends around the world. I have known and worked with Brad for 15 years and I consider him my dear friend. I will always remember him for his passion, commitment and hard-working attitude. With his vibrant energy, he strove to bring out the best in those who worked with him."

About Endeavour – Endeavour Silver Corp. is a mid-tier precious metals mining company that operates two high-grade underground silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision, pending financing and final permits and exploring its portfolio of exploration and development projects in Mexico, Chile and the United States to facilitate its goal of becoming a premier senior silver producer. Our philosophy of corporate social integrity creates value for all stakeholders.

SOURCE Endeavour Silver Corp. Contact Information Galina Meleger, VP, Investor Relations Email: gmeleger@edrsilver.com Website: www.edrsilver.com

Follow Endeavour Silver on Facebook , Twitter , Instagram and LinkedIn .

News Provided by GlobeNewswire via QuoteMedia

Vancouver, British Columbia TheNewswire - August 1 8 2022 Arizona Silver Exploration Inc. (TSXV:AZS) (OTC:AZASF) is pleased to announce the results of the Company's annual general meeting held in Vancouver, B.C. on August 16, 2022 (the " AGM ").

The shareholders approved, by a minimum 98.7% requisite majority, all motions put forth at the AGM, including the re-election of the four directors, appointment of Smythe LLP as auditors of the Company and the approval of the Amended and Restated Stock Option Plan. A total of 25,464,424 common shares of the Company's issued and outstanding shares were represented in person or by proxy at the AGM.

Mr. David Vincent did not stand for re-election at the AGM. " On behalf of the Board of Directors and management, we wish to express our gratitude to David for his invaluable contribution and service he provided to the Company as a Board member and a member of the Audit Committee." stated Mike Stark, President and CEO of the Company . "We wish him the best with his future endeavors. David will remain with the Company as a consultant."

Following the AGM, the Board of Directors re-appointed Mike Stark as Chairman, President and CEO, Gregory Hahn as Vice-President, Exploration and Dong H. Shim as CFO and Corporate Secretary.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX) have approved this release.

On behalf of the Board of Directors:

Mike Stark, CEO, President Phone: (604) 833-4278

News Provided by TheNewsWire via QuoteMedia

Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce results for 3 holes of a nine (9) hole diamond drill program (See News Release February 7, 2022) on the Ogden Gold Project in Timmins, Ontario. The Ogden Gold Project is a 5050 Joint Venture with Newmont Corporation ("Newmont"), with the Company serving as the operator.

Drilling primarily focused on the Thomas Ogden Zone (TOG) with two peripheral targets also tested. Drilling at TOG targeted potential flat lying quartz bearing structures and zones of albitization and silicification with associated mineralization within the lowermost portion of the currently defined TOG fold structure. High grade gold mineralization has a strong preferential association with the TOG fold axis which has a shallow plunge to the east.

Highlights of the drilling include:

TOG-22-71 returned a downhole intercept (324.63 - 336.77m) of 1.13 grammes per ton (g/t) gold (Au) over 12.14 meters (m), visible gold was noted in this intercept. A second zone of mineralization (284.95 - 286.00m) was intercepted returning 12.3 g/t Au over 1.05m.

This hole was drilled to further define gold mineralization associated with the TOG fold structure (See attached Schematic Cross Section 1200W Fig. 1). This zone contains moderate to strong albitization, strong silicification and local fuchsite within an altered felsite unit. Fine-grained disseminated cubic pyrite is the dominant sulfide throughout as well as locally within white quartz-carbonate veinlets. Pyrite ranges from 1-5%, with trace arsenopyrite and several fine specks of visible gold.

TOG-22-72 returned a downhole intercept (354.34 - 356.35m) of 4.71 g/t Au over 2.01m. A second zone of mineralization was cut (373.00 - 376.40m) returning 1.67 g/t Au over 3.4m. This hole (See attached Schematic Cross Section 1175W Fig. 2) was drilled 25m east of hole TOG-21-65A which returned a downhole intercept of 9.20 g/t Au over 4.47m (See News release January 27, 2022) to facilitate a better understanding of potential shallow dipping gold mineralization associated with secondary structures. Alteration consists of moderate to strong albitization and silicification within an altered conglomerate unit with local fuchsite. Fine-grained disseminated cubic pyrite occurs throughout and locally within white quartz-carbonate veinlets. Pyrite ranges from 1-5% along with trace arsenopyrite.

TOG-22-73 returned a downhole intercept (346.25 - 351.86m) of 4.24 g/t Au over 5.61 m. This hole (See attached Schematic Cross Section 1225W Fig. 3) was drilled 25m west of hole TOG-21-65A which returned a downhole intercept of 9.20 g/t Au over 4.47m (See News release January 27, 2022). Like that of hole TOG-22-72, this hole was drilled to further define shallow dipping gold mineralization associated with secondary structures. A strongly altered felsite of intense albitization and silicification with associated wispy fuchsite alteration was intersected with fine-grained disseminated cubic pyrite throughout. Pyrite ranges from 1-5%with trace arsenopyrite and local fine specks of visible gold.

Drill intercepts are core lengths and true width will be approximately 70 to 80% of drill intercept length. Further results will be released once received and compiled.

Remaining holes will be released once they are received and compiled.

All split core samples were sent to Activation Laboratories. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. As part of the Corporations QAQC protocol, approximately 10% of the samples submitted for assay were also sent for check assays. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. Samples with fire assay results above 1.0 g/t gold are re-analyzed using a gravimetric finish and samples with fire assay results above 5.0 g/t gold or samples showing visible gold are analyzed using the pulp metallic method.

Drill hole locations are provided in the map below (Fig. 4).

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/943/134221_87bcd1a1c447892c_002full.jpg

Michael MacIsaac, P. Geo and VP Exploration for the Company and a Qualified Person as defined in National Instrument 43-101, is responsible for this release, and supervised the preparation of the information forming the basis for this release.

About Metals Creek Resources Corp. -

Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property from Newmont, including the past producing Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF). In addition, Metals Creek has signed an agreement with Newmont, under which Metals Creek can earn a 100% interest in the past producing Dona Lake Gold Project in the Pickle Lake Mining District of Ontario.

Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedar.com.

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.

Alexander (Sandy) Stares, President and CEO Metals Creek Resources Corp telephone: (709)-256-6060 fax: (709)-256-6061 email: astares@metalscreek.com www.MetalsCreek.com Twitter.com/MetalsCreekRes Facebook.com/MetalsCreek

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/943/134221_87bcd1a1c447892c_003full.jpg

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/943/134221_87bcd1a1c447892c_004full.jpg

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/943/134221_87bcd1a1c447892c_005full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134221

News Provided by Newsfile via QuoteMedia

Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) ("Prismo" or the "Company") is pleased to announce that its 2,000-meter drill program at its Palos Verdes project located in Sinaloa, Mexico has commenced. The Palos Verdes property is contiguous to the Panuco silver-gold project of Vizsla Silver Corp. The drilling campaign is expected to last approximately two months.

The drill program is designed to test the Palos Verdes vein and a structural intersection with a second vein at depths where it is believed that potential for a large ore shoot is present, similar to the drilling accomplished by Vizsla Silver on their adjacent land package. A minimum 2,000 meter program has been contracted with MW Drilling. Previous shallow drilling has intersected high grade mineralization with the best intercept of 2,336 g/t Ag and 8.42 g.t Au over a true width estimated at 0.8 meters within a larger mineralized interval with 1,098 g/t Ag and 3.75 g/t Au over a true width of 2.3 meters (see Prismo's news release dated September 30, 2020).

Regarding the drill program, Dr. Craig Gibson, President and CEO of the Company, said: "We are pleased to be able to conduct our program to drill holes to intersect the Palos Verdes vein at significantly deeper levels than in the previous drilling campaigns. We will be able to test the vein several hundred meters underneath the surface exposures with the first hole being underway."

Prismo also announces that it intends to complete a non-brokered private placement, issuing 750,000 common shares at a price of $0.20 per share for gross proceeds of $150,000 in the coming days. The private placement will be carried out pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the Canadian Securities Exchange. There will be no finder fee paid in this private placement

Prismo (CSE: PRIZ) is junior mining company focused on precious metal exploration in Mexico.

Contact: Craig Gibson, Chief Executive Officer and Director 1100 - 1111 Melville St., Vancouver, British Columbia V6E 3V6 craig.gibson@prismometals.com

Jason Frame, Manager of Communications jason.frame@prismometals.com

Please follow @PrismoMetals on Twitter, Facebook, LinkedIn and Instagram

Neither the Canadian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain forward-looking statements concerning the warrants exercise financing, the proceeds received from such warrant exercise financing, the use of proceeds of the warrant exercise financing, the future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks, the availability of financing, the potential impact of COVID-19 on the Company's exploration program and on the Company's general business, operations and financial condition, and other risks and uncertainties described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134200

News Provided by Newsfile via QuoteMedia

Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") is pleased to announce that a second independent, third-party proxy advisory firm, Glass Lewis & Co. LLC (" Glass Lewis ") has recommended Alexco shareholders (" Alexco Shareholders ") vote "FOR" the proposed acquisition of Alexco by 1080980 B .C. Ltd. (" 108 "), a subsidiary of Hecla Mining Company (" Hecla ") at the upcoming special meeting of securityholders to be held on Tuesday, August 30, 2022 at 10:00 a.m. (Pacific Time) (the " Meeting ").

At the Meeting, securityholders will be asked to consider and, if deemed advisable, pass a special resolution (the " Arrangement Resolution ") to approve an arrangement (the " Arrangement "), in accordance with the terms of an arrangement agreement entered into by the Company and Hecla on July 4, 2022 , as assigned and amended (the " Arrangement Agreement ") pursuant to which 108 will acquire all of the issued and outstanding common shares of Alexco (the " Alexco Shares ") that it does not already own by way of a statutory plan of arrangement under the Business Corporations Act ( British Columbia ). Under the terms of the Arrangement, Alexco Shareholders will receive 0.116 common shares in the capital of Hecla (each common share, a " Hecla Share ") for each Alexco Share held (the " Consideration ").

In their report, Glass Lewis noted: "Based on the compelling rationale underpinning the proposed merger, as well as reasonable financial terms, we believe that the proposed merger warrants shareholder support."

Alexco's board of directors UNANIMOUSLY recommends that securityholders VOTE FOR the Arrangement Resolution

In evaluating and unanimously approving the Arrangement, the special committee of independent Alexco directors (the " Special Committee ") and the board of directors of Alexco (the " Board ") gave careful consideration to the current position and condition and the expected and potential future position and condition of the business of the Company, and all terms of the Arrangement Agreement, including the conditions precedent, representations and warranties and deal protection provisions. The Special Committee and the Board considered a number of factors including, among others, the following:

(i) the consolidation of the assets of Alexco and Hecla; (ii) jurisdictional and project risk diversification; and (iii) enhanced capital markets profile, financing capacity and access to capital.

The management information circular dated July 28, 2022 and related meeting materials (collectively, the " Meeting Materials ") have been filed by the Company on SEDAR and EDGAR and are available under the Company's profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov . The Meeting Materials are also available on the Company's website at Alexco - Investors - Special Meeting ( https://alexcoresource.com/investors/special-meeting-of-shareholders/ ).

Due to the essence of time, Alexco securityholders are encouraged to vote online or by telephone.

THE VOTING DEADLINE IS 10:00 a.m. (Vancouver Time) ON FRIDAY AUGUST 26, 2022

Beneficial Shareholder Shares held with a broker, bank or other intermediary

Registered Shareholders Shares held in own name and represented by a physical certificate

Option holders, DSU holders and RSU holders

Call or fax to the number(s) listed on your voting instruction form

Phone: 1-866-732-8683 Fax: 1-866-249-7775

Return the voting instruction form in the enclosed envelope

Return the YELLOW form of proxy in the enclosed postage paid envelope

Return the GREEN form of proxy in the enclosed postage paid envelope

For any questions or assistance with voting, Alexco securityholders can contact the Company's proxy solicitation agent, Laurel Hill Advisory Group:

Laurel Hill Advisory Group North America Toll Free : 1-877-452-7184 Outside North America : 1-416-304-0211 Email: assistance@laurelhill.com

Founded in 1891, Hecla Mining Company (NYSE: HL) is the largest silver producer in the United States . In addition to operating mines in Alaska , Idaho and Quebec, Canada , Hecla owns a number of exploration properties and pre-development projects in world-class silver and gold mining districts throughout North America.

Alexco is a Canadian primary silver company that owns and operates the majority of the historic Keno Hill Silver District in Canada's Yukon Territory , one of the highest-grade silver mines in the world.

Some statements ("forward-looking statements") in this news release contain forward-looking information concerning the Meeting, Alexco's anticipated results and developments in Alexco's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future, made as of the date of this news release. Forward-looking statements may include, but are not limited to, statements regarding the Meeting, statements with respect to the consummation and timing of the Arrangement; approval by Alexco securityholders; the satisfaction of the conditions precedent to the transaction; the perceived benefits of the Arrangement; the Consideration to be received by Alexco shareholders in connection with the Arrangement; the timing, receipt and anticipated approval of the court, and of any other regulatory consents and approvals. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors, which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Such factors include, among others, the risk that the Arrangement may not close when planned or at all or on the terms and conditions set forth in the Arrangement Agreement; the failure of the Company and Hecla to obtain the necessary regulatory, court, securityholder, and other third-party approvals, or to otherwise satisfy the conditions to the completion of the Arrangement, in a timely manner, or at all, may result in the Arrangement not being completed on the proposed terms, or at all; changes in laws, regulations and government practices; if a third party makes a Superior Proposal (as defined in the Arrangement Agreement), the Arrangement may not be completed and the Company may be required to pay the Termination Fee (as defined in the Arrangement Agreement); if the Arrangement is not completed, and the Company continues as an independent entity, there are risks that the announcement of the Arrangement and the dedication of substantial resources of the Company to the completion of the Arrangement could have an impact on the Company's current business relationships and could have a material adverse effect on the current and future operations, financial condition and prospects of the Company; future prices of silver, gold, lead, zinc and other commodities; market competition; and the geopolitical, economic, permitting and legal climate that Alexco and Hecla operate in. Forward-looking statements are based on certain assumptions that management believes are reasonable at the time they are made. In making the forward-looking statements included in this news release, Alexco has applied several material assumptions, including, but not limited to, assumptions as to the ability of Alexco and Hecla to receive, in a timely manner and on satisfactory terms, the necessary regulatory, court, securityholder and other third party approvals; the satisfaction of the conditions to closing of the Arrangement in a timely manner and completion of the Arrangement on the expected terms; the expected adherence to the terms of the Arrangement Agreement and agreements related to the Arrangement Agreement; the adequacy of Alexco and Hecla's financial resources; favourable equity and debt capital markets; and stability in financial capital markets. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Alexco expressly 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 otherwise required by applicable securities legislation .

View original content: https://www.prnewswire.com/news-releases/a-second-independent-proxy-advisory-firm-glass-lewis-recommends-alexco-shareholders-vote-for-the-proposed-transaction-with-hecla-301608291.html

View original content: http://www.newswire.ca/en/releases/archive/August2022/18/c2546.html

News Provided by Canada Newswire via QuoteMedia

Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.

Free Design & Artwork Within 24 Hours

High Quality Is Our Obligation!

Have An Excellent Elite Sales Team

Japan Gold Commences Drilling at the Saroma Prospect

Featured Products

News & Blog

China calls on rare earths companies to bring prices back to "reasonable" level | Reuters

Hydrogen fuels might have just got a huge leg-up | Top Gear

Vivid Kaya S12 loudspeaker |Stereophile.com

Vivid Kaya S12 loudspeaker |Stereophile.com

Rare-earth metals: the key to the renewable energy economy.

Consider the Mighty Bass Speaker - Premier Guitar

Build Your Own Speaker - Scientific American

Audio 101: How Do Headphones Work?

PM_Logo

PM_Logo

Free Design & Artwork Within 24 Hours

High Quality Is Our Obligation!

Have An Excellent Elite Sales Team​​​​​​​

Japan Gold Commences Drilling at the Saroma Prospect

Featured Products

News & Blog

Have An Excellent Elite Sales Team