Fortitude Gold Discovers Lithocap High-Grade Feeder Including 3.05 Meters Grading 5.57 G/T Gold within 12.19 Meters Grading 2.90 G/T Gold at East Camp Douglas

COLORADO SPRINGS, CO / ACCESSWIRE / March 11, 2024 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") announced multiple high-grade gold drill intercepts at an intersection between two faults feeding high-grade gold into its East Camp Douglas lithocap system. Intercepts include 3.05 meters grading 5.57 grams per tonne (g/t) gold within 12.19 meters grading 2.90 g/t gold, 3.05 meters grading 6.11 g/t gold within 16.76 meters grading 1.58 g/t gold, and 10.67 meters grading 1.05 g/t gold. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and dividend yield.

East Camp Douglas lithocap drill highlights include (m=meters, g/t=grams per tonne) (full drill table below):

Hole# ECDRC-119:

• 10.67 m of 1.05 g/t gold

incl.

• 3.05 m of 2.36 g/t gold

Hole# ECDRC-134:

• 16.76 m of 1.58 g/t gold

incl.

• 3.05 m of 6.11 g/t gold

Hole# ECDRC-144:

• 1.52 m of 1.06 g/t gold
• 6.10 m of 1.49 g/t gold

incl.

• 3.05 m of 2.55 g/t gold

Hole# ECDRC-156:

• 12.19 m of 2.90 g/t gold

incl.

• 3.05 m of 5.57 g/t gold &
• 4.57 m of 3.38 g/t gold

This reverse circulation drill program focused at the D2 Cliffs target builds on the Company's January 2023 drill results where 15.24 meters intercepted 1.87 g/t gold including 4.57 meters grading 5.24 g/t gold. The East Camp Douglas lithocap is an expansive 1.5 by 1.0-kilometer geologic structure that has the potential to host a significant near-surface gold deposit. Lithocaps are stratabound alteration domains that are laterally and vertically extensive and typically have steeply dipping structural roots with significant lateral fluid flow during formation. The lithocap structure at the south end of the Company's East Camp Douglas property has always been a priority target. The D2 Cliffs now contains at least one high-grade gold feeder zone elevating its exploration status and increasing the potential for a significant discovery.

"It appears we have discovered an intersection point between two faults that is feeding high-grade gold mineralization into the lithocap," stated Mr. Allan Turner, Vice President of Exploration for Fortitude Gold. "We continue to target feeder zones within high-angle structures at the D2 Cliffs zone within the much larger East Camp Douglas lithocap structure. While we have consistently intersected lower grade gold mineralization that is stratabound to the silicified tuffaceous unit typical in mineralized lithocaps, this discovery of an initial feeder zone may be the first of many feeding high-grade gold into this large lithocap system."