Nomad Royalty Company Ltd. (TSX: NSR) (NYSE: NSR ) (" Nomad " or the " Company ") is pleased to announce that the Company has filed its management information circular (the " Circular ") for the special meeting (the " Meeting ") of the Company's shareholders (the " Shareholders ") to be held in a virtual format at 11:00 a.m. (Eastern time) on Tuesday August 9, 2022 to approve the previously announced acquisition of Nomad by Sandstorm Gold Ltd. (the " Purchaser ") by way of a plan of arrangement under the Canada Business Corporations Act (the  " Arrangement ").

Under the terms of the Arrangement, the Purchaser will acquire all of the outstanding common shares of the Company (the " Nomad Shares ") for a consideration per Nomad Share of 1.21 common shares of the Purchaser (the " Consideration "), all as more particularly described in the Circular.

Subject to Shareholders' approval, the final approval of the Arrangement by the Court (as defined below) and the satisfaction of the remaining closing conditions, including the receipt of certain regulatory approvals (with the condition with respect to the Competition Act ( Canada ) clearance having been fulfilled on June 3, 2022 ), the Arrangement is expected to close in the third quarter of 2022.

Based upon a number of factors, including the unanimous recommendation by the special committee of the board of directors of Nomad (the " Board "), the Board has unanimously, after receiving advice from financial advisors and outside legal counsel in evaluating the Arrangement, determined that the Arrangement is fair to the Nomad Shareholders and in the best interests of the Company and recommended that the Nomad Shareholders vote FOR the special resolution to approve the Arrangement. The reasons for the Board's recommendation and some of the key factors it considered in making its determination are described in detail in the Circular.

On July 11, 2022, the Superior Court of Québec (the " Court ") granted an interim order in respect of the Arrangement (the " Interim Order "). The Interim Order authorizes Nomad to proceed with various matters relating to the Arrangement, including the holding of the Meeting for Shareholders to consider and vote on the Arrangement.

The Company will be holding the Meeting in a virtual format via live webcast at https://web.lumiagm.com/464962717 and using the following password: nomad2022 (case sensitive). During the audio webcast, Shareholders will be able to hear the Meeting live, and registered Shareholders and duly appointed proxyholders will be able to submit questions and vote at the Meeting.

The Circular, form of proxy or voting instruction form (as applicable) and letter of transmittal (the " Meeting Materials ") for the Meeting are expected to be mailed to registered Shareholders by Tuesday, July 19, 2022. Your vote is important. The Meeting Materials provide a description of the Arrangement and include certain information to assist Shareholders in considering how to vote on the Arrangement. You are urged to carefully review all Meeting Materials and, if you require assistance, to consult your tax, financial, legal or other professional advisors.

The Meeting Materials are also available on Nomad's website at https://nomadroyalty.com/en/investors/financial-reporting/ as well as under Nomad's profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov . Only Shareholders of record as of the close of business (Eastern time) on July 5, 2022 and duly appointed and registered proxyholders are entitled to submit questions and vote at the Meeting. The deadline for completed proxies to be received by the Company's transfer agent is Friday, August 5, 2022 at 11:00 a.m. (Eastern time) .

If you have any questions about the procedures to be followed to vote at the Meeting or about obtaining and depositing the required form of proxy or voting instruction form, you should contact Computershare Investor Services Inc. at 1-800-564-6253 (toll-free in North America ) or at 514-982-7555 (for collect calls outside of North America ).

The Company also announces that it filed, on March 31, 2022 , its annual report on Form 40-F (the " Form 40-F ") for the year ended December 31, 2021 , with the U.S. Securities and Exchange Commission.  The Form 40-F can be accessed by visiting Nomad's profile on EDGAR at www.sec.gov . In addition, Nomad Shareholders may contact Nomad by mail at 1275 Av. des Canadiens-de-Montréal, Suite 500, Montreal , Québec, Canada H3B 0G4, by calling (438) 538-7555 or by email request to corporatesecretary@nomadroyalty.com to request copies of the Form 40-F free of charge, which includes the audited consolidated financial statements of Nomad as at and for the fiscal years ended December 31, 2021 and 2020. These financial statements are also available under Nomad's profile on SEDAR at www.sedar.com or Nomad's website at www.nomadroyalty.com/en/investors/financial-reporting/ .

Nomad Royalty Company Ltd. is a gold & silver royalty company that purchases rights to a percentage of the gold or silver produced from a mine, for the life of the mine. Nomad owns a portfolio of 21 royalty, stream and other assets, of which 8 are on currently producing mines. Nomad plans to grow and diversify its low-cost production profile through the acquisition of additional producing and near-term producing gold & silver streams and royalties. For more information please visit: www.nomadroyalty.com .

Sandstorm is a gold royalty company that provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. After the closing of the Nomad transaction as announced on May 2, 2022 , Sandstorm will have acquired a portfolio of more than 250 streams and royalties, of which 39 of the underlying mines are producing. Sandstorm plans to grow and diversify its low-cost production profile through the acquisition of additional gold royalties. For more information visit: www.sandstormgold.com .

For more information about Nomad, please visit our website at www.nomadroyalty.com or email us:

Joseph de la Plante, CIO

This press release contains statements that may constitute "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable U.S. safe harbour provisions (collectively, " forward-looking statements "). The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and readers are cautioned not to put undue reliance on them.

All statements other than statements of historical fact included in this release, are forward-looking statements that involve various risks and uncertainties and are based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might", "have potential" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements, including but not limited to statements with respect to the anticipated completion and timing of completion of the Arrangement; the ability to obtain required Court, Shareholder and regulatory approvals for the Arrangement, and the timing of obtaining such approvals. Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements.

Please consult the section titled "Risk Relating to the Arrangement and the Combined Company" in the Circular as well as section titled "Risk Factors" in Nomad's annual information form dated March 30, 2022 for the fiscal year ended December 31, 2021 , and section titled "Risks and Uncertainties" in Nomad's management's discussion and analysis of Nomad for the fiscal year ended December 31, 2021 and Nomad's interim management discussion and analysis of Nomad for the three months ended March 31, 2022 , each of which can be found under Nomad's profile on SEDAR at www.sedar.com and EDGAR at www.sec.gov . There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Forward-looking statements contained in this press release are made as of the date of this press release. Nomad disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. If Nomad updates any one or more forward-looking statements, no inference should be drawn that Nomad will make additional updates with respect to those forward-looking statements.

SOURCE Nomad Royalty Company Ltd.

View original content: http://www.newswire.ca/en/releases/archive/July2022/13/c5439.html

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Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to report on new results from its 2022 Phase 1 exploration program. Red Pine drilling has intersected high-grade gold mineralization in the Minto Mine Shear Zone. We have confirmed gold mineralization in the extension of the Jubilee Shear south of the Parkhill Fault adding over 2.5kms in strike length of known continuous gold mineralization to the Wawa Gold Corridor.

"We know that the historic high grade mines; Minto, Parkhill and Darwin Grace; have produced spectacular gold intersections throughout their operational history and it is understandable that we are now intersecting similar high-grade as we work to expand our resources into these areas. Red Pine is making excellent progress as we expand the footprint of our current resource," - Quentin Yarie, President and CEO of Red Pine Exploration.

High-grade gold in the Minto Mine Deposit

As part of its on-going drilling in the Surluga South exploration target, Red Pine is testing strategic gaps in the resource of the Minto Mine Deposit. In hole SD-22-373, located within an approximately 25 meters-wide gap in the current resource of the Minto Deposit, we discovered additional high-grade gold mineralization in the Minto Mine shear zone. The results from SD-22-373, combined with those of SD-21-298A (announced September 2, 2021), indicate that the Minto Mine deposit has the potential to host zones of high-grade gold mineralization.

Table 1 – Minto Mine Shear Zone (refer to Figure1)

Figure 1 – Minto Mine South Cross Section .

Discovery of gold mineralization in the Jubilee Shear Zone south of the Parkhill Fault – Figure 2

"As we continue to focus on the expansion of the Surluga and Minto Mine South resources, a third drill has been conducting further regional exploration of the property, particularly south of the Parkhill Fault (Figure xx). We have successfully demonstrated that a large orogenic gold system exists at the Wawa Gold Project now extending over a >6km strike length. Gold mineralization exists across multiple structures south of the Parkhill fault and we will now utilize what we have learned from the Surluga resource to identify zones of material gold grades and thicknesses. As an example, visible gold has been intersected in the Jubilee shear south of the Parkhill fault in hole JS-22-368 proving our teams understanding of this large gold system (assays pending)," - Quentin Yarie, President and CEO of Red Pine Exploration.

Figure 2 – Plan Map Of Wawa Gold Corridor – Extending the Jubilee Shear.

Red Pine's drilling confirmed the presence of gold mineralization in some of the deformation domains that are forming the Jubilee Shear Zone south of the Parkhill fault thereby opening this underexplored segment of the structure for additional exploration (Table 2).

Table 2– Jubilee Shear Zone south of the Parkhill Fault (refer to Figure 2)

* Assay results presented over core length are estimated to represent over 75% true width

Darwin Grace-Nyman Gold System: Confirmation of mineralization in the Grace Shear Zone 300 meters south of the vertical shaft of the Darwin-Grace Mine

In the Darwin-Grace area, hole DG-22-349 extends gold mineralization in the Grace Shear Zone 300 m southeast of the vertical shaft of the Darwin-Grace Mine (Table 3). Being the southernmost drill hole ever completed in the Grace Shear Zone, DG-22-349 shows that mineralization in the Grace Shear System remains open to the south. Red Pine's 2022 Phase 1 exploration program has confirmed the presence of gold mineralization along the Grace Shear Zone over a total strike length of 650 meters ( announced March 16 th , 2022 ).

Table 3 – Expansion of gold mineralization in the Darwin-Grace mineralized system*

Assay results presented over core length and are estimated to represent > 75% true width in the Grace Shear Zone and the Nyman Shear Zone.

Hole SD-22-352 and SD-22-330 extended the footprints of the Surluga North Vein Network (Table 4). The intersection in SD-22-352 is located 120 meters east of the intersection of the Surluga North Vein network in SD-22-326 (refer to press release dated April 19th, 2022).

Table 4 – Surluga North Vein Network above the Jubilee Shear Zone*

Assay results presented over core length and are estimated to represent > 35% true width in the Surluga North Vein Network.

Drilling in the Surluga South and the Surluga North zones in the Jubilee Shear Zone demonstrate that the structure and gold mineralization are persisting at depth (Table 5).

Table 5 – Jubilee Shear Zone (refer to Figure 2)

Assay results presented over core length and are estimated to represent > 75% true width in the Jubilee Shear Zone.

Quality Assurance/Quality Control ("QA/QC") Measures

Drill core samples were transported in security sealed bags for analyses at Actlabs in Ancaster, Ontario. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags and then shipped. The residual coarse reject portions of the samples remain in storage if further work or verification is needed.

Red Pine has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC program, Red Pine inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates.

Quentin Yarie, P.Geo. and Chief Executive Officer of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed, and approved the news release's technical information.

Red Pine has developed and implemented compliant precautions and procedures according to guidelines for the Province of Ontario. Protocols were put in place to ensure our employees' and contractors' safety, thereby reducing the potential for community contact and spreading of the virus.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX" and on the OTCQB Markets under the symbol "RDEXF".

The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,900 hectares in size. The Company's Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold and Paramount Gold Nevada Corp. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

For more information about the Company, visit www.redpineexp.com

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Carrie Howes, Director Corporate Communications, (416) 644-7375, chowes@redpineexp.com

1 National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas P.Geo. Golder Associates Ltd, report effective August 18, 2021.

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

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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Tartisan Nickel Corp. (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA) ("Tartisan", or the "Company") is pleased to announce the completion of a positive Preliminary Economic Assessment ("PEA") for the 100% owned Kenbridge Nickel Project. The Kenbridge Nickel Project is in the Kenora Mining District, Northwestern Ontario. Kenbridge has an existing shaft to a depth of 2,042 ft (622 m), with level stations at 150 ft. (45 m) intervals below the shaft collar and two levels developed at 350 ft (107 m) and 500 ft (152 m) below the shaft collar.

The PEA was independently prepared by P&E Mining Consultants Inc. ("P&E") of Brampton, Ontario under the supervision of Eugene J. Puritch, P.Eng., FEC, CET.

Highlights of the PEA (All currency is $CDN unless stated otherwise)

This PEA is focused solely on mining of the Mineral Resources at the Kenbridge Nickel Project underground mine and provides a solid base case for moving the Kenbridge Project forward. The PEA indicates a 9-year mine plan based on a 1,500 tonne per day underground mining and processing operation. The mine plan assumes the potentially extractable tonnage of Measured, Indicated and Inferred Mineral Resources which assumes overall dilution of 47% (18% internal dilution from stope designs plus 29% external dilution) and a 94% mine recovery factor. Measured and Indicated Mineral Resources represent 3,508,000 tonnes at 0.70% Ni, 0.35% Cu and 0.01% Co (54 Mlb Ni, 27 Mlb Cu). Inferred Mineral Resources represent 1,013,000 tonnes at 1.21% Ni, 0.56% Cu and 0.01% Co (27 Mlb Ni, 13 Mlb Cu). Metal prices are based on long-term industry consensus forecast with nickel representing the primary contribution to revenues. USD metal prices used in the PEA were USD$10/lb Ni, USD$4/lb Cu and USD$26/lb Co. A $USD:$CDN exchange rate of 0.78 is applied. Life of mine ("LOM") processing recovers 200,900 tonnes of nickel concentrate at 15% Ni and 66,900 tonnes of copper concentrate at 24% Cu. This results in 52.6 million lbs of payable Ni and 30.7 million lbs of payable Cu.

LOM revenues from net smelter returns are estimated at $837 million. LOM operating costs are estimated at $292 million. Mining costs are estimated at $38.94 per tonne mined, processing costs are $17.74 per tonne and G&A costs are $7.96 per tonne. Cash operating costs are estimated at US$3.76/lb NiEq and all-in sustaining costs ("AISC") are US$4.99/lb NiEq. LOM capital costs are estimated at $227 million and include pre-production capital costs of $134 million. Pre-tax Net Present Value ("NPV") is estimated at $183 million using a 5% discount rate. Pre-tax Internal Rate of Return ("IRR") is 26%.

Net cash flow of $837 million less operating costs of $292 million less royalties of $22 million less closure costs of $10 million less capital expenditures of $227 million less taxes of $105 million results in an after-tax cash flow of $180 million. After-tax NPV using a 5% discount rate is estimated at $109 million and after-tax IRR is estimated at 20%. Financial highlights are shown in Tables 1 and 2 below.

Mark Appleby, President and CEO of Tartisan, states: "We are extremely pleased with the results of the PEA which is focused solely on the current underground Mineral Resource. There remains excellent potential to increase and upgrade the quality of the near surface mineralization at Kenbridge thereby adding additional years of production or providing the basis for an increase in annual throughput. By adjusting the mining plan to be an underground operation it allows Tartisan to utilize the existing shaft infrastructure thereby accessing higher grades of mineralization early in the proposed mine life. The PEA provides compelling evidence to move towards Feasibility and for the Kenbridge Nickel Project to move into production. The Company has commenced the necessary baseline studies which are essential and necessary in Project Permitting and is upgrading the access road to site with completion anticipated in September 2022. Tartisan continues to develop positive relationships with its surrounding First Nations through its First Nation consulting partner Talon Resources and Community development Inc. Every effort is being made for the Tartisan Kenbridge Project to become a part of the nickel supply chain this decade!"

Table 1: Net Present Value and Internal Rate of Return Calculations

   The previous Mineral Resource Estimate on the Kenbridge Project was disclosed on September 2, 2020, and was based on a combination of pit-constrained and out-of-pit Mineral Resources. There has since been 10 holes drilled in 2021. Updated engineering studies have indicated that potential pit-constrained Mineral Resources are less economic than out-of-pit Mineral Resources. Therefore, the new drill holes have been incorporated into an updated Mineral Resource Estimate based on a potential underground mining operation, as presented in Table 3 below. The effective date of the Mineral Resource is July 6, 2022.

   Note: Ni =Nickel Cu = Copper, Co = Cobalt, NSR = Net Smelter Return.

1. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. 2. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. 3. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration. 4. The Mineral Resources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines (2014) and Best Practices Guidelines (2019) prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council. 5. The Mineral Resource Estimate is based on US$ metal prices of $8.25/lb Ni, $4.00/lb Cu, $26/lb Co. The US$:CDN$ exchange rate used was 0.76. 6. The NSR estimate uses flotation recoveries of 75% for Ni, 77% for Cu, 40% for Co and smelter payables of 92% for Ni, 96% for Cu, 50% for Co. 7. Mineral Resources were determined to be potentially extractable with the longhole mining method based on an underground mining cost of $77/t mined, processing of $19/t and G&A costs of $4/t.

Cautionary Statement - The reader is advised that the PEA summarized in this news release is intended to provide only an initial, high-level review of the project potential and design options. The PEA mine plan and economic model include numerous assumptions and the use of Inferred Mineral Resources. Inferred Mineral Resources are considered to be too speculative to be used in an economic analysis except as allowed by NI 43-101 in PEA studies. There is no guarantee the project economics described herein will be achieved.

Tartisan Nickel Corp. is a Canadian based mineral exploration and development company whose flagship asset is the Kenbridge Nickel-Copper Project located in the Kenora Mining District, Northwestern Ontario. Tartisan also owns; the Sill Lake Silver Property in Sault St. Marie, Ontario as well as the Don Pancho Manganese-Zinc-Lead-Silver Project in Peru.

Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA). Currently, there are 108,922,503 shares outstanding (120,218,018 fully diluted).

Dean MacEachern, P.Geo. and Eugene Puritch, P.Eng, FEC, CET are the respective Company and independent Qualified Persons under NI 43-101 and have read and approved the technical content of this News Release.

The Company will file the PEA on SEDAR at www.sedar.com in accordance with NI 43-101 within 45 days of this news release.

For further information, please contact Mark Appleby, President & CEO, and a Director of the Company, at 416-804-0280 (info@tartisannickel.com). Additional information about Tartisan Nickel Corp. can be found at the Company's website at www.tartisannickel.com or on SEDAR at www.sedar.com.

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, potential mineral recovery processes, 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.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/130620

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Finlay Minerals Ltd. (TSXV: FYL) (OTCQB: FYMNF) (" Finlay " or the " Company ") is pleased to announce that it has entered into an agreement (the " Purchase Agreement ") for the purchase of the ATG Property from Electrum Resource Corporation (" Electrum "), which will enlarge Finlay's ATTY Property. The ATTY Property, which was purchased from Electrum in 1999, and the ATG Property are located in the Toodoggone Mining District of British Columbia and are neighboured, to the south by Centerra Gold Inc.'s Kemess Underground and East copper (Cu) gold (Au) porphyry deposits, and to the north by Amarc Resources Freeport McMoRan's Joy property.

Pursuant to the Purchase Agreement, Finlay will acquire the ATG Property, which comprises three mineral tenures totaling approximately 1,105 hectares, for consideration consisting of 1,750,000 fully paid common shares of Finlay with a deemed value of $0.08 per share, for a deemed total value of $140,000 (the " Transaction ").

The ATTY Property is currently subject to a 3% net smelter return royalty held by Electrum (the " NSR Royalty "), with Finlay retaining the right to buy back one-half of the NSR Royalty (1.5%) for an aggregate payment to Electrum in the amount of $1,000,000 (the " Buy-Back Right "). Upon completion of the Transaction, the NSR Royalty will apply over the Combined Property (as defined below) and, pursuant to the terms of the Purchase Agreement, the Buy-Back Right will be amended such that Finlay will retain the right to buy back one-half of the NSR Royalty (1.5%) for an aggregate payment to Electrum in the amount of $1,500,000 .

The ATG Property is strategically positioned south of Amarc's Joy Property and contiguous to the ATTY Property. In 2021, an exploration program consisting of soil sampling and alteration mapping outlined a 600m x 1,000m Cu and Au  geochemical anomaly around the Wrich showing. The Wrich geochemical anomaly is connected with the Cu and Au geochemical anomaly on the SW Takla target on the Joy and the two combined geochemical anomalies cover an area of 2,700m x 1,500m . The ATG Property adds a porphyry target at Wrich and joins several compelling targets at ATTY including the drill-ready KEM target which represents potential Kemess East-style porphyry mineralization, and the drill-ready Attycelley epithermal Au, Cu, silver, lead, and zinc target.

The purchase of the ATG Property (which is northwest of and contiguous with the ATTY Property) pursuant to the Transaction will enlarge Finlay's ATTY Property to 15 mineral tenures totaling approximately 4,498 hectares (collectively, the " Combined Property ") ( Click HERE to view the Company's ATTY Property and the ATG Property).

The Transaction is subject to acceptance by the TSX Venture Exchange (the " TSXV ") pursuant to TSXV Policy 5.3. No finders fees will be paid in connection with the Transaction and no new insiders or control persons will be created.

Electrum and Baril Developments Ltd., each of which is a private British Columbia company controlled by John J. Barakso , Ilona B. Lindsay and Dr. John A. Barakso , and a personal trust of which John J. Barakso is the sole trustee and of which Ilona B. Lindsay and Dr. John A. Barakso are beneficiaries, are the registered holders, in the aggregate, of more than 20% of the voting rights attached to the Company's issued and outstanding common shares. In addition, each of Ilona B. Lindsay and Dr. John A. Barakso is a director and/or officer of the Company. As a result, the Transaction constitutes a "related party transaction" within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (" MI 61-101 "). The Company is relying on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 provided by subsections 5.5(a) and 5.7(1)(a) of MI 61-101, on the basis that, at the time the Transaction was agreed to, neither the fair market value of the ATG Property to be acquired pursuant to, nor the fair market value of the consideration for, the Transaction exceeded 25% of Finlay's market capitalization as determined in accordance with MI 61-101

The Company will file a material change report in respect of the Transaction, but it may be filed less than 21 days in advance of the closing of the Transaction, as the Company wishes to close on an expedited basis, subject to TSXV approval, for sound business reasons and deems it reasonable in the circumstances to do so.

Wade Barnes , P. Geo. and Vice President, Exploration for Finlay and a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects , has approved the technical content of this news release.

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

Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. 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

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) 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 and completion of the Transaction.  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 risks that the Company will not receive the necessary regulatory or stock exchange approvals in connection with the Transaction, 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 (including stock exchange 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/July2022/11/c7495.html

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Tempus Resources Ltd ("Tempus" or "the Company") (ASX:TMR), (TSXV:TMRR), (OTC PINK:TMRFF) is pleased to announce that visible gold has been observed in diamond drill hole EZ-22-09 at the Elizabeth Gold Project in Southern British Columbia, Canada

The 2022 drilling program at Elizabeth continues to show strength of the Blue Vein

This is the second time during this 2022 drilling season that visible gold has been encountered within the Blue Vein (see Tempus Resources' DDH EZ-22-03 announcement 20 June 2022).

DDH EZ-22-09, intersected Blue Vein structure from 105.17 to 106.21 (1.04m zone) that show the presence of visible gold ("VG") within a 3 cm quartz stringer, within the 1 metre quartz vein structure. Grains of visible gold have been observed in the uncut core at the hanging wall side of the vein structure plus an additional grain of VG observed at 106m. (See Image 1, Figure 1 and Figure 2)

Tempus Resources, President and CEO, Jason Bahnsen, commented "Drilling at the Elizabeth Project is off to a great start this season. We have now completed the first 9 holes of the program that have been focused on extending the Blue Vein gold mineralisation. The repeated observation of visible gold in drill-holes bodes well for assays, which are expected to be received within the next few weeks for the first few drill-holes."

Image 1. EZ-22-09 Blue Vein intersection with visible gold

With reference to the AIG 2015 guidance for visual reporting of massive sulphide mineralisation, the Company reports it has not encountered any massive sulphide mineralisation in drill hole EZ-22-09. While it is not possible to accurately estimate the percentage of visual gold present though out the drill core, the Company suggests that the percentage would be less than the 0.01%. The Company cautions that visual observations of visible gold are not a proxy or substitute for laboratory analysis. Laboratory assays and analysis will be required to confirm the visual interpretations presented in this news release.

The Blue Vein was discovered in 2021 (EZ-21-12 including 1.0m at 33.7g/t Au) with a total of 7 holes intersecting the vein to date (including three holes with ‘bonanza' grade intersections, i.e., greater than 1oz per tonne), high-grade gold mineralisation was identified over a strike length of over 80 metres in 2021. Approximately fifteen (15) holes have been planned this year to target the expansion of the Blue Vein high-grade gold mineralisation along strike and down dip. The 2022 drilling is testing Blue Vein gold mineralisation over a total strike length of approximately 400 metres.

Figure 1 - Elizabeth Plan View Showing 2022 Drill Locations

Figure 2 - Elizabeth Blue Vein Long Section (looking Northwest)

This announcement has been authorised by the Board of Directors of Tempus Resources Limited.

Information in this report relating to Exploration Results is based on information reviewed by Mr. Sonny Bernales, who is a Member of the Engineers and Geoscientists British Columbia (EGBC), which is a recognised Professional Organisation (RPO), and an employee of Tempus Resources. Mr. Bernales has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves, and as a Qualified Person for the purposes of NI43-101. Mr. Bernales consents to the inclusion of the data in the form and context in which it appears.

Melanie Ross - Director/Company Secretary Phone: +61 8 6188 8181

Tempus Resources Ltd ("Tempus") is a growth orientated gold exploration company listed on ASX ("TMR") and TSX.V ("TMRR") and OTCQB ("TMRFF") stock exchanges. Tempus is actively exploring projects located in Canada and Ecuador. The flagship project for Tempus is the Blackdome-Elizabeth Project, a high grade gold past producing project located in Southern British Columbia. Tempus is currently midway through a drill program at Blackdome-Elizabeth that will form the basis of an updated NI43-101/JORC resource estimate. The second key group of projects for Tempus are the Rio Zarza and Valle del Tigre projects located in south east Ecuador. The Rio Zarza project is located adjacent to Lundin Gold's Fruta del Norte project. The Valle del Tigre project is currently subject to a sampling program to develop anomalies identified through geophysical work.

This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Tempus's control. Generally, such forward-looking information or 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", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein may include, but are not limited to, the ability of Tempus to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Tempus to control or predict, that may cause Tempus' actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein and the other risks and uncertainties disclosed under the heading "Risk and Uncertainties" in the Company's Management's Discussion & Analysis for the quarter and nine months ended March 31, 2022 dated May 16, 2022 filed on SEDAR. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Tempus believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements.

The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Tempus does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to Tempus or persons acting on its behalf are expressly qualified in its entirety by this notice.

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

Table 1:Drill Hole Collar Table

Appendix 2: The following tables are provided to ensure compliance with the JORC Code (2012) requirements for the reporting of Exploration Results for the Elizabeth - Blackdome Gold Project

Section 1: Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

●Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

●Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

●Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard' work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed

● HQ (63.5 mm) sized diamond core using standard equipment.

● Mineralised and potentially mineralised zones, comprising veins, breccias, and alteration zones were sampled.

● Typical core samples are 1m in length.

● Core samples sent to the lab will be crushed and pulverized to 85% passing 75 microns. A 50g pulp will be fire assayed for gold and multi-element ICP. Samples over 10 g/t gold will be reanalysed by fire assay with gravimetric finish

●Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by

●Method of recording and assessing core and chip sample recoveries and results assessed.

●Measures taken to maximise sample recovery and ensure representative nature of the samples.

●Whether a relationship exists between sample recovery and grade and whether sample bias may

have occurred due to preferential loss/gain of fine/coarse material.

● Detailed calculation of recovery was recorded, with most holes achieving over 95%

● No relationship has yet been noted between recovery and grade and no sample bias was noted to have occurred.

●Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.

●Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.

● The total length and percentage of the relevant intersections logged.

● Detailed geological and geotechnical logging was completed for each hole.

● All core has been photographed.

●If core, whether cut or sawn and whether quarter, half or all core taken.

●If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

●For all sample types, the nature, quality and appropriateness of the sample preparation technique.

●Quality control procedures adopted for all sub- sampling stages to maximise representivity of samples.

●Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.

● Whether sample sizes are appropriate to the grain size of the material being sampled.

● Half core was sampled, using a core saw.

● Duplicate samples of new and historical core are Quarter core or half core where not previously sampled

● Sample sizes are considered appropriate for the grain size of the material being sampled.

● It is expected that bulk sampling will be utilised as the project advances, to more accurately determine grade.

●The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

●For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

● Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.

● Core samples that have been sent to the lab for analysis include control samples (standards, blanks and prep duplicates) inserted at a minimum rate of 1:5 samples.

● In addition to the minimum rate of inserted control samples, a standard or a blank is inserted following a zone of mineralization or visible gold

● Further duplicate samples were analysed to assess variability

●The verification of significant intersections by either independent or alternative company personnel.

●The use of twinned holes.

●Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

● Discuss any adjustment to assay data.

●Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

●Specification of the grid system used.

● Quality and adequacy of topographic control.

● All sampling points were surveyed using a hand held GPS.

● A more accurate survey pickup will be completed at the end of the program, to ensure data is appropriate for geological modelling and Resource Estimation.

● Down hole surveys have been completed on all holes.

●Data spacing for reporting of Exploration Results.

●Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

● Whether sample compositing has been applied.

● Most drilling is targeting verification and extension of known mineralisation.

● It is expected that the data will be utilised in a preparation of a Mineral Resource statement.

● Additional drilling is exploration beneath geochemical anomalies, and would require further delineation drilling to be incorporated in a Mineral Resource.

●Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

● If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.

● In general, the aim was to drill perpendicular to the mineralised structures, to gain an estimate of the true thickness of the mineralised structures.

● At several locations, a series (fan) of holes was drilled to help confirm the orientation of the mineralised structures and to keep land disturbance to a minimum.

Section 2: Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

●Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

● The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.

● The Blackdome-Elizabeth Project is comprised of 73 contiguous mineral claims underlain by 14 Crown granted mineral claims and two mining leases.

● The Property is located in the Clinton and Lillooet Mining Divisions approximately 230 km NNE of Vancouver

● Tempus has exercised the option to acquire the Elizabeth Gold Project and has completed an addendum to the original Elizabeth Option Agreement

(refer to ASX announcement 15 December 2020)

● A net smelter royalty of 3% NSR (1% purchasable) applies to several claims on the Elizabeth Property.

● No royalties apply to the Blackdome Property or Elizabeth Regional Properties.

● There are currently no known impediments to developing a project in this area, and all tenure is in good standing.

● In the 1940s, placer gold was discovered in Fairless Creek west of Blackdome Summit. Prospecting by Lawrence Frenier shortly afterward led to the discovery of gold-bearing quartz veins on the southwest slope of the mountain that resulted in the staking of mining claims in 1947. Empire Valley Gold Mines Ltd and Silver Standard Resources drove two adits and completed basic surface work during the 1950s.

● The Blackdome area was not worked again until 1977 when Barrier Reef Resources Ltd. re-staked the area and performed surface work in addition to underground development. The Blackdome Mining Corp. was formed in 1978 and performed extensive surface and underground work with various joint venture partners that resulted in a positive feasibility study. A 200 ton/day mill, camp facilities and tailings pond were constructed and mining operations officially commenced in 1986. The mine ceased operations in 1991, having produced 225,000 oz of Au and 547,000 oz of Ag from 338,000 tons of ore (Godard et al., 2010)

● After a period of inactivity, Claimstaker Resources Ltd. took over the project, reopening the mine in late 1998.

Mining operations lasted six months and ended in May of 1999. During this period, 6,547 oz of Au and 17,300 oz of Ag were produced from 21,268 tons of ore. Further exploration programs were continued by Claimstaker over the following years and a Japanese joint venture partner was brought onboard that prompted a name change to J-Pacific Gold Inc. This partnership was terminated by 2010, resulting in another name change to Sona Resources Corp.

● Gold-bearing quartz veins were discovered near Blue Creek in 1934, and in 1940-1941 the Elizabeth No. 1-4 claims were staked.

● Bralorne Mines Ltd. optioned the property in 1941 and during the period 1948-1949, explored the presently- named Main and West Veins by about 700 metres of cross-cutting and drifting, as well as about 110 metres of raises.

● After acquiring the Elizabeth Gold Project in 2002, J- Pacific (now Sona) has conducted a series of exploration programs that included diamond drilling 66 holes totalling 8962.8 metres (up until 2009) Other exploration work by Sona at the Elizabeth Gold Project has included two soil grid, stream sediment sampling, geological mapping and sampling, underground rehabilitation, structural mapping and airborne photography and topographic base map generation.

● The Blackdome property is situated in a region underlain by rocks of Triassic to Tertiary age. Sedimentary and igneous rocks of the Triassic Pavilion Group occurring along the Fraser River represent the oldest rocks in the region. A large, Triassic age, ultramafic complex (Shulaps Complex) was emplaced along the Yalakom fault; a regional scale structure located some 30 kilometres south of the property. Sediments and volcanics of the Cretaceous Jackass Mountain Group and Spences Bridge/Kingsvale Formations overlie the Triassic assemblages. Some of these rocks occur several kilometres south of Blackdome.

● Overlying the Cretaceous rocks are volcanics and minor sediments of Eocene age. These rocks underlie much of

Blackdome and are correlated with the Kamloops Group seen in the Ashcroft and Nicola regions.

Geochemical studies (Vivian, 1988) have shown these rocks to be derived from a "calc-alkaline" magma in a volcanic arc type tectonic setting. Eocene age granitic intrusions at Poison Mountain some 22 kilometres southwest of Blackdome are host to a gold bearing porphyry copper/molybdenum deposit. It is speculated that this or related intrusions could reflect the source magmas of the volcanic rocks seen at Blackdome. There is some documented evidence of young granitic rocks several kilometres south of the mine near Lone Cabin Creek.

The youngest rocks present are Oligocene to Miocene basalts of the Chilcotin Group. These are exposed on the uppermost slopes of Blackdome Mountain and Red Mountain to the south.

● Transecting the property in a NE-SW strike direction are a series of faults that range from vertical to moderately westerly dipping. These faults are the principal host structures for Au- Ag mineralisation. The faults anastomose, and form sygmoidal loops.

● The area in which the Elizabeth Gold Project is situated is underlain by Late Paleozoic to Mesozoic rock assemblages that are juxtaposed across a complex system of faults mainly of Cretaceous and Tertiary age. These Paleozoic to Mesozoic-age rocks are intruded by Cretaceous and Tertiary-age stocks and dykes of mainly felsic to intermediate composition, and are locally overlain by Paleogene volcanic and sedimentary rocks. The Elizabeth Gold Project is partly underlain by ultramafic rocks of the Shulaps Ultramafic Complex, which include harzburgite, serpentinite and their alteration product listwanite.

● The gold mineralisation found on the Elizabeth Gold Project present characteristics typical of epigenetic mesothermal gold deposits. The auriferous quartz vein mineralisation is analogous to that found in the Bralorne- Pioneer deposits. Gold mineralisation is hosted by a series of northeast trending, steeply northwest dipping veins that crosscut the Blue Creek porphyry intrusion. The Main and West vein systems display mesothermal textures, including ribboned-laminated veins and comprehensive wall rock breccias. Vein formation and gold mineralisation were associated with extensional-

brittle faulting believed to be contemporaneous with mid- Eocene extensional faulting along the Marshall Creek, Mission Ridge and Quartz Mountain faults.

●A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:

oeasting and northing of the drill hole collar

oelevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar

odip and azimuth of the hole

odown hole length and interception depth

●If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding

of the report, the Competent Person should clearly explain why this is the case.

●In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.

●Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

● The assumptions used for any reporting of metal equivalent values should be clearly stated.

● Intervals reported using several samples are calculated using a weighted average.

● Calculated intervals using a weighted average did not use a top cut on high-grade samples. High-grade samples are reported as ‘including'

● Calculated weighted average intervals are continuous intervals of a mineralized zone and do not include unsampled intervals or unmineralized intervals.

●These relationships are particularly important in the reporting of Exploration Results.

●If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

●If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not

● In general, drilling is designed to intersect the mineralized zone at a normal angle, but this is not always possible.

● For the reported intervals, true widths are reported where mineralized core was intact and possible to measure the orientation. Otherwise the true width is left blank

●Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill

hole collar locations and appropriate sectional views.

●Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration

●Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating

● Tempus recently completed an airborne magnetic and radiometric survey over the Elizabeth Gold Project (refer to ASX announcement 02 August 2021) by completing 97 lines for a total of 735 line-kilometres. Flight lines are oriented east-west with north-south tie lines and spaced 200 metres across the entire 115km2 Elizabeth property. Line spacing of 100 metres was flown over the Elizabeth Main and Elizabeth East Zones.

● The airborne magnetic survey data was reviewed and interpreted by Insight Geophysics Inc. using 3D magnetization vector inversion (MVI) modelling.

● The geophysical surveys identified the Blue Creek Porphyry, which is the known host of the high-grade Elizabeth gold-quartz veins, as a relative magnetic low anomaly within the Shulaps Ultramafic Complex. From this correlation of geology and geophysics it was determined that the Blue Creek Porphyry, originally explored / mapped to approximately 1.1km2 in size, is likely much larger. The airborne magnetic survey and MVI 3D modelling interpret the Blue Creek Porphyry to be at least four-times the size at approximately 4.5km2.

● This interpretation of the Blue Creek Porphyry is also extensive at depth extending to at least 2km deep

●The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large- scale step-out drilling).

●Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this

information is not commercially sensitive.

● Tempus plans to update historical NI43-101 foreign resource estimates to current NI43-101 and JORC 2012 standards

● Tempus is also seeking to expand the scale of the mineralisation at the project through further exploration.

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Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") is pleased to announce it has entered into an option agreement (the "Agreement") to acquire 100% of the Marr Lake Cu-Ni-PGE Property ("Property"). The Property is a grass roots property that is prospective for Cu-Ni-PGE and Li mineralization in an area that has seen limited exploration in the past.

The Property is located 70 km southwest of Atikokan, Ontario, and is contiguous with Green Technology Metals Wisa Lake Property that hosts Li-Ta bearing pegmatite dyke swarms that have been mapped over a strike length of 1.5 km, with widths of up to 20 m having been reported. President and CEO Tom Obradovich stated, "The Marr Lake Project underlines Conquests focus on critical metals with potential for Cu-Ni-PGE and Lithium. Our Nipigon Basin Project has Uranium in addition to NI-Cu-PGE targets and our Temagami Belfast Project is currently being explored for Ni-Cu PGE as well as IOCG potential."

The Project falls within the Quetico Subprovince and is primarily underlain by east-west striking metasedimentary rocks that have a mixed clastic composition and are wacke dominated with lesser amounts of conglomerates, mudstones, and carbonates that have been intruded by granitic plutons and ultramafic intrusions. The Property hosts the Marr Lake Ultramafic Intrusive that is interpreted for the most part to fall under the waters of Marr Lake and forms a 500 m by 100 m magnetic feature. The Marr Lake Ni-Cu-PGE occurrence is located along the northeast shoreline where in 2005, a claim owner/geologist collected three samples from a 60 m wide pyroxenite dyke that averaged 1.1% Cu, 0.20% Ni, 0.02% Co, 6 g/t Ag, 1.3 g/t Pt, 1.3 g/t Pd, and 0.40 g/t Au (20003485).

In 2015, the Ontario Geological Survey ("OGS") completed a magnetic and gamma-ray spectrometric survey (GDS 1077) that covered a portion of the Property, and identified a magnetic feature at the edge of the survey that may represent an unrecognized ultramafic intrusive.

As well, in 2003, the OGS, under Operation Treasure Hunt, completed a report titled "Fertile Peraluminous Granites and Related Rare-Element Mineralization in Pegmatites, Superior Province, Northwest and Northeast Ontario" (OFR 6099) where the authors recognized the potential for additional rare-element pegmatites to be found in the Wisa Lake area.

Conquest has contracted Prospectair Geosurveys Inc. to complete a high-resolution airborne magnetic survey totaling 535 line-km flow at 50 m line spacings. The survey will commence mid-July, and will assist with prospecting programs planned for August.

Under the terms of the option agreement, Conquest can earn a 100% interest in the Marr Lake Project by making cash payments of $92,000.00 and issuing 940,000 shares over a period of three years. The property is subject to a 2% NSR which the Company has a right to buy back 1% at any time for $1 million.

To view an enhanced version of Figure 1, please visit: https://images.newsfilecorp.com/files/7183/130170_166a7457a4171b46_002full.jpg

Conquest Resources Limited, incorporated in 1945, is a mineral exploration company that is exploring for base metals and gold on mineral properties in Ontario.

Conquest holds a 100% interest in the Belfast - Teck Mag Project,located in the Temagami Mining Camp at Emerald Lake, approximately 65 kilometers northeast of Sudbury, Ontario, which hosts the former Golden Rose Gold Mine and is underlain by highly prospective Abitibi greenstone geology along a strike length of seventeen (17) kilometers.

In October 2020, Conquest completed the acquisition of Canadian Continental Exploration Corp. which holds an extensive package of mining claims which surround Conquest's Golden Rose Mine, and subsequently doubled its land holdings in the Temagami Mining Camp through the staking of 588 mining cells, encompassing approximately 93 sq km., centered on Belfast Township, on the edge of the Temagami Magnetic Anomaly.

Conquest now controls over 300 sq km of underexplored territory, including the past producing Golden Rose Mine at Emerald Lake, situated in the Temagami Mining Camp.

Conquest also holds a 100% interest in the Alexander Gold Property located immediately east of the Red Lake and Campbell mines in the heart of the Red Lake Gold Camp on the important "Mine Trend" regional structure. Conquest's property is almost entirely surrounded by Evolution Mining land holdings.

In addition, Conquest owns a 100% interest in the Smith Lake Gold Property of six patented claims and 181 staked mining claims to the north, west and south of the former Renabie Gold Mine in Rennie Township in northern Ontario, operated by Corona and Barrick that had reported gold production of over 1,000,000 ounces between 1947 and 1991 (Northern Miner March 4, 1991).

FOR FURTHER INFORMATION CONTACT: general@conquestresources.com www.conquestresources.com

Tom Obradovich President & Chief Executive 416-985-7140

Forward-looking statements. This news release may include certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the completion of the Acquisition and the Consolidation, the release of escrowed funds, future cash on hand, potential mineralization, resources and reserves, exploration results, and future plans and objectives of Conquest, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Conquest's expectations are exploration risks detailed herein and from time to time in the filings made by Conquest with securities regulators. Neither the TSXV nor its Regulation Services Provider (as defined in the policies of TSXV) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/130170

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Aben Resources Ltd. (TSX-V: ABN ) (OTC QB : ABNAF ) (Frankfurt: E2L2 ) ("Aben" or "the Company") announces that, further to its news release dated July 11, 2022, it has increased the unit portion of the non-brokered private placement to up to 7,000,000 units of the Company (the "Units") at a price of CAD $0.035 per Unit.

Each Unit will be comprised of one common share and one transferable warrant, entitling the holder to purchase one additional common share for a period of two (2) years at a price of CAD $0.05 per share.

The Company intends to use the proceeds from this private placement for exploration and for general working capital purposes. The private placement is subject to TSX Venture Exchange approval, and all securities are subject to a four-month-and-one-day hold period. Finder's fees may be payable in connection with the private placement, all in accordance with the policies of the TSX Venture Exchange

The Company will not be proceeding on the flow-through portion of the private placement, as previously announced.

Aben holds the exclusive right to earn a 100% interest, less 2% Net Production Royalty ("NPR") in the road-accessible Slocan Graphite Project located 34km northwest of Castlegar, British Columbia. The 2,826 hectare Slocan Graphite Property hosts several flake graphite-bearing outcrops (high values of 3.36 and 4.43 % organic Carbon) at the Tedesco Zone, which is coincident with a strong conductive anomaly identified in 2010 that is interpreted to extend up to 2.0km from the known surficial occurrences.

The Project benefits from excellent infrastructure including forestry road access to the property, high-voltage transmission line within 1.2 km of the property boundaries and an existing graphite processing plant and facilities within 1.5 km west of the property (owned by Eagle Graphite Corporation, one of only two natural flake graphite production facilities in North America).

Initial field work has begun on the Slocan Graphite Project. Field reconnaissance, mapping, rock sampling, and evaluation of prospective drill sites for a potential fall drill program are the focus of this phase of exploration. Aben has sourced a drill contractor and the requisite personnel to facilitate drill-testing of the Slocan Graphite Property pending successful receipt of their Multi Year Area Based exploration permit currently under review by the provincial government.

The Company recently announced that it has added to the Slocan Graphite land package by staking a new 439.4 hectare claim along the northeastern boundary of the property. This action was taken after initial evaluation of the Property by Aben geologists revealed excellent potential for an extension of the mineralized trend in that direction. Aben will continue to systematically explore the Slocan Graphite Property with the aim to unlock the full mineralized potential contained within the current tenure.

Natural flake graphite is the fastest-growing product type and will continue to lead with a healthy growth rate of 9.5% in terms of value between 2021 and 2025.

In value and volume, batteries to exhibit the fastest-growth of 17.9% between 2021 and 2025. An average HEV contains up to 10 kgs of graphite, where in EVs it is up to 70 kgs.

Currently, synthetic graphite is the preferred material for battery anode materials. However, in the past few years, a significant shift towards natural flake graphite has been observed due to its cost-competitiveness and performance.

Graphite is the most preferred battery anode material for rechargeable batteries and the battery segment is anticipated to create an incremental opportunity worth US$4.6 Bn between 2020 and 2025.

In 2019, Asia Pacific was the largest consumer of graphite and is expected to grow 9.1% in terms of value between 2021 and 2025.

China graphite production is anticipated to consolidate owing to environmental issues. New companies are entering into the graphite space, especially in the processing of natural flake graphite. Graphite is considered as a material of green energy and technology.

https://abenresources.com/projects/slocan/about-graphite/

Aben Resources is a diversified Canadian gold and graphite exploration company with exploration projects in British Columbia, Ontario, and the Yukon Territory.

For further information on Aben Resources Ltd. (TSX-V: ABN ), visit our Company's website at www.aben resources. com .

"Jim Pettit" ______________________ JAMES G. PETTIT President & CEO

For further information contact: Aben Resources Ltd. Riley Trimble, Corporate Communications Telephone: 604-416-2978 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: info@abenre sources.com

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.

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

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Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the " Company " or " Puma ") is pleased to announce that the distribution of common shares of Canadian Copper Inc. (" Canadian Copper ") (formerly Melius Metals Corp.) occurred as planned on June 30, 2022.

More particularly, in connection with a reduction of its stated capital in an amount of CAD$1.5M, which is based on the anticipated listing price of CAD$0.25 of Canadian Copper on the Canadian Stock Exchange (the " CSE ") and was approved by the shareholders of the Company at a special meeting held on March 9, 2022 ( see News Release dated March 10, 2022 ), the Company has:

The final exchange ratio (0.053897) related to the Distribution was defined using the number of Canadian Copper shares to be distributed (6,000,000) divided by the total of Puma's share outstanding after the Record Date (111,322,658).

Following the Distribution, Canadian Copper expects to meet the CSE public distribution requirements and be in a position for final approval for listing on the CSE. Canadian Copper has received conditional approval from the CSE to list its common shares on the CSE under the ticker "CCI", subject to the satisfaction of the public distribution requirements and final approval from the CSE. The listing price of CCI is expected to be CAD$0.25. A date for trading will be determined upon confirmation of the conditions being met by the CSE.

Puma has also received the "Listing" shares certificate for 6,000,000 Canadian Copper shares. The shares are held in escrow and will be delivered over three (3) years until July 12, 2025. Puma's total current Canadian Copper holding of 6,364,095 CCI shares represents 9.58% of Canadian Copper Inc.

As per the Option Agreement, Puma granted Canadian Copper the option to acquire 100% of its Copper Projects in consideration of CAD$3.5M payable by issuing an initial 12M Canadian Copper shares at a deemed value of CAD$0.10. The remaining CAD$2.3M is payable in cash or Canadian Copper shares over 3 years.

ABOUT CANADIAN COPPER INC. Canadian Copper is a Canadian-based mineral exploration company with a copper and base metals portfolio of historical resources and grassroots projects. The Company is focused on the prolific Bathurst Mining Camp (BMC) of New Brunswick, Canada.

For more information, please contact:

Simon Quick, Director and CEO, (905) 220-6661 simon@canadiancopper.com ir@canadiancopper.com

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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RooGold Inc. ("RooGold" or the "Company") is pleased to announce the appointment of Daniel Cohen to the Company's board of directors, effective July 14, 2022

Daniel Cohen, CFA is presently Chairman and CEO of PharmaDrug Inc (CSE:PHRX), a Canadian

listed biotech company. He is also the Chairman and co-founder of Caprock Mining Corp. (CSE:CAPR), a Canadian listed gold exploration company. Before taking on his role at PharmaDrug, Daniel spent nearly 20 years working in the Canadian capital markets. His most recent role was as Principal and Head of Institutional Sales at Beacon Securities. Prior to his role at Beacon Securities, Mr. Cohen was a partner and Director of Institutional Sales at Wellington West Capital Markets. He began his career in equity research at RBC Capital Markets and HSBC Securities.

"We're excited to welcome Daniel to our team at this time," said Carlos Espinosa, President and CEO of RooGold. "We look forward to his diverse skills, perspectives and expertise contributing to the ongoing success of RooGold."

ROOGOLD is a Canadian based junior venture mineral exploration issuer which is uniquely positioned to be a dominant player in New South Wales, Australia, through a growth strategy focused on the consolidation and exploration of high potential, mineralized precious metals properties in this prolific region of Australia. Through its announced acquisitions of Southern Precious Metals Ltd., RooGold Ltd. and Aussie Precious Metals Corp. properties, RooGold commands a portfolio of 14 high-grade potential gold (10) and silver (4) concessions covering 2,696 km 2 which have 139 historic mines and prospects.

For further information please contact:

Carlos Espinosa, CEO cespinosa@roogoldinc.com

Ryan Bilodeau (416) 910-1440 info@roogoldinc.com

This press release may contain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur.

Although the Issuer believes that the expectations reflected in applicable forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in such statements.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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American Pacific Mining Corp (CSE: USGD OTCQX: USGDF FWB: 1QC) ("American Pacific" or the "Company") is pleased to provide an update on drilling and report new results from the CSAMT survey conducted at the Tuscarora Project located in Elko County, Nevada.

Approximately 21 drillholes (~4,000 metres) of reverse circulation (" RC ") drilling has been completed to-date and up to five additional holes will be completed in the coming weeks, including multiple holes to test newly defined vein targets generated from the recently completed CSAMT survey. Additional assay results will be released once received and interpreted.

The CSAMT survey was commissioned to identify sub-surface and hidden silica bodies and quartz vein occurrences throughout the previously untested, newly acquired land package. The survey has identified numerous untested vein occurrences, but two anomalies stand out as very strong quartz responses. Neither of these anomalies has been previously drill-tested in these areas.

Figure 1. 2022 Tuscarora CSAMT Survey Lines with Vein Interpretations and Targets

https://www.globenewswire.com/NewsRoom/AttachmentNg/68d8de34-6171-4497-a604-2e808fd26e3e

Figure 2. King's Vein Target

https://www.globenewswire.com/NewsRoom/AttachmentNg/7ba27b3b-e685-44e5-b342-6809b4c55bc1

Figure 3. Grand Prize and East Pediment Targets

https://www.globenewswire.com/NewsRoom/AttachmentNg/f920da9e-cfbe-4439-a71e-30e41a23c5bd

"The King's Vein and the Grand Prize Vein Intersection with the East Pediment Vein system present us with very strong quartz responses. This is exciting from an exploration standpoint since these are the strongest indicators of untested veins within the entire land package. The Grand Prize/East Pediment is covered with a thin gravel veneer and is reminiscent of the South Navajo Vein response, although much stronger," stated American Pacific President Eric Saderholm. "Our drill plans are currently being adjusted to test these strong anomalies which do not have surface expressions. The Grand Prize Vein has yielded up to 21,032 grams per tonne (" g/t ") gold (" Au ") and 38,820 g/t Au from surface samples. The East Pediment Vein returned a 1.52 metre intercept of 52.37 g/t Au in historic drilling and no drilling has been done at East Pediment since 1998."

Technical aspects of this press release have been reviewed and approved by Eric Saderholm, P.Geo., the designated Qualified Persons (QP) under National Instrument 43-101.

About American Pacific Mining Corp.

American Pacific Mining Corp. is a precious metals explorer focused on opportunities in the Western United States. The Company's flagship asset is the high-grade, past-producing Madison Copper-Gold project in Montana, under option to joint venture with Kennecott Exploration Company, a division of the Rio Tinto Group, which the Company acquired in 2020. For this transaction, American Pacific was selected as a finalist in the S&P Global Platts Global Metals Awards, an annual program that recognizes exemplary accomplishments in 16 performance categories, including 'Deal of the Year,' the category in which American Pacific Mining competed. The awards program is hosted by S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets. Also in the American Pacific's asset portfolio are the Gooseberry Silver-Gold project and the Tuscarora Gold-Silver project: two high-grade, precious metals projects located in key mining districts of Nevada, USA. The Company's mission is to grow by the drill bit and by acquisition.

On Behalf of the Board of American Pacific Mining Corp.

Corporate Office: Suite 910 – 510 Burrard Street Vancouver, BC, V6C 3A8 Canada

Investor Relations Contact: Kristina Pillon, High Tide Consulting Corp., 604.908.1695 / kristina@americanpacific.ca

Media Relations Contact: Adam Bello, Primoris Group Inc. 416.489.0092 / media@primorisgroup.com

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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Silver Hammer Mining Corp. (CSE: HAMR; OTCQB: HAMRF) (the "Company" or "Silver Hammer" ) is pleased to announce that it has commenced an induced polarization (" IP ") resistivity survey at its past-producing Silver Strand Project in Idaho.

The IP/Resistivity technology can identify silicified quartz-hosted, sulfide-rich silver and gold mineralization up to 200 metres depth. The survey is intended to track the known mineralized zone laterally, as well as to search for parallel mineralized zones and will run concurrent with the upcoming drill program, which is expected to commence before the end of July.

The survey lines will extend 1.3 kilometres in length and data will be collected at 100 metre spaced stations with survey lines spaced 200 metres apart.

The survey will be conducted by Big Sky Geophysics, and the data collected from the survey will be used in concert with data collected from a recent drone-supported magnetic survey to assess and enhance both underground and surface targets.

"The IP survey is yet another low-cost surface exploration method we are using to better understand the potential for a district-scale mineralized system at Silver Strand," stated President and CEO Morgan Lekstrom. "The IP survey results will be analyzed together with our magnetics data to further refine surface drill targets as we work to ascertain the potential for mineralization along the 5.5 kilometre strike extent of the prospective Revett formation on the property, which is located within Idaho's Silver Valley."

Technical aspects of this press release have been reviewed and approved by Philip Mulholland, a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists, a contractor of the Company and the designated Qualified Person (QP) under National Instrument 43-101.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource company advancing the flagship past-producing Silver Strand Mine in the Coeur d'Alene Mining District in Idaho, USA, as well both the Eliza Silver Project and the Silverton Silver Mine in one of the world's most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada. Silver Hammer's primary focus is defining and developing silver deposits near past-producing mines that have not been adequately tested. The Company's portfolio also provides exposure to copper and gold discoveries.

Disclaimer note: Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's projects.

On Behalf of the Board of Silver Hammer Mining Corp.

Morgan Lekstrom President and CEO

Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada

For investor relations inquiries, contact:

Kristina Pillon, High Tide Consulting Corp. T: 604.908.1695 E: investors@silverhammermining.com

Adam Bello, Primoris Group Inc. T: 416.489.0092 E: media@primorisgroup.com

The CSE does not accept responsibility for the adequacy or accuracy of this release.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ad8e0454-d4ee-4f3a-a1f4-d252a5c6ecd5

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Black Tusk Resources Inc. ("Black Tusk" or the "Company) (CSE:TUSK), (OTC PINK:BTKRF), (FRA:0NB) is pleased to provide a summary of results from geophysical surveying on the MoGold property located north of Val d'Or, Quebec

On the MoGold property TMC Geophysique completed deep-penetrating Pulse-EM (Time Domain Electromagnetic, TDEM) surveying designed to test a four square kilometre area to cover zones targeted through geologic assessment and rock sampling. Rock samples returned significant values of copper, silver and zinc (See Black Tusk News Release dated 2022-03-07). The geology along the trend is interpreted to have potential for Volcanogenic Massive Sulphide (VMS) mineralization (see News Release dated 2022-03-07). The zone of interest also displays magnetic features derived from the Black Tusk 2021 surveys. TMC Geophysique is currently compiling the EM survey data and expects to soon provide maps and results.

The TMC report of findings from the TDEM survey identifies six localized anomalies that are roughly grouped around the Boily-Bérubé mineral occurrence. This is also the area where Black Tusk exploration obtained rock samples that returned elevated values for silver, copper and zinc. The TDEM were modelled as relatively shallow-seated bodies/targets. Historic drilling is shown to be located near to some of these anomalies and is documented in reports. Black Tusk intends to review the historic drilling to further validate the potential of the conductive bodies discovered by the TDEM. The target mineralization has been interpreted as Volcanogenic Massive Sulphide. These kinds of deposits often form small pods of mineralization loosely linked along a bedrock horizon.

TMC Geophysique has just completed a second Pulse EM survey over Black Tusk's PG Highway claims where massive pyrite and pyrrhotite have been mapped at surface. The sulphide mineralization was discovered during the 2021 Black Tusk geologic reconnaissance. The strength of sulphide mineralization and the general geology suggest potential for hosting VMS deposition. The results from this TDEM survey are expected to be available in the following week.

Black Tusk is preparing to test the best target areas on the MoGold and PG Highway properties by diamond drilling. The drilling could commence once all of the EM survey results have been reported by TMC, and the Black Tusk geologic team have evaluated all of the exploration work to date to determine priority locations and targets.

Black Tusk exploration programs undertaken in Quebec are supervised by Dr. Mathieu Piché, OGQ, with office located north of Val d'Or. He is also a Black Tusk company director.

This press release contains forward-looking statements based on assumptions as of that date. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the Company's limited operating history; the need to comply with environmental and governmental regulations; fluctuations in the prices of commodities; operating hazards and risks; competition and other risks and uncertainties, including those described in the Company's Prospectus dated September 8, 2017 available on www.sedar.com. Accordingly, actual and future events, conditions, and results may differ materially from the estimates, beliefs, intentions, and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

On behalf of the Board of Directors Richard Penn CEO (778) 384-8923

SOURCE:Black Tusk Resources Inc.

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