Sitka Gold Secures Drill Contractor for up to 10000 Metres of Drilling at RC Gold in Yukon

These initial drill holes, which were spaced up to 800 metres apart and spanned a distance of over 1800 metres, were strategically positioned to test a large, overlying >100 ppb to >500 ppb gold-in-soil anomaly that is approximate 2 km x 500 m and open in all directions .

“The exceptional drill results from 2020, including 100.8 metres of 0.82 g/t gold in drill hole DDRCCC20-002 which ended in a separate interval of 16.1 g/t gold over 2.0 metres, demonstrates the enormous potential present at the Saddle-Eiger zone and confirms that the area hosts significant gold mineralization, open both laterally and at depth within a target area that is over 2 km by 500 m.

The Class 3 Permit, valid until November 19, 2025, will allow Sitka to complete advanced exploration activities across the RC Gold and Mahtin claim blocks, including 100 drill holes, 10 km of new road access construction, 5 km of new trail access, 3 km of temporary trail access and the construction of a 30 person camp.

The RC Gold Project is a 376 square kilometer, contiguous, district-scale land package located in the newly road accessible Clear Creek, Big Creek and Sprague Creek districts in the heart of Yukon’s Tintina Gold Belt and within the Tombstone Gold Belt.

Recent exploration work and the compilation of historical data has defined several mineralized zones with both bulk tonnage, intrusion-related gold deposit targets and high-grade, vein and breccia hosted gold targets.

The Company is managed by a team of experienced industry professionals and is focused on exploring for economically viable mineral deposits with its primary emphasis on gold, silver and copper mineral properties of merit.

Forward‐looking statements and information are often, but not always, identified by the use of words such as “appear”, “seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “would” and similar expressions.

These include, but are not limited to, the expected timing and terms of the private placement, use of proceeds, anticipated work program, required approvals in connection with the work program and the ability to obtain such approvals.

The forward‐looking statements and information contained in this news release are made as of the date of this news release and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the CSE.

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