Fortitude Gold Expands County Line Feeder Drilling 4.57 Meters Grading 4.77 G/T Gold Within 24.38 Meters Grading 1.73 G/T Gold

COLORADO SPRINGS, CO / ACCESSWIRE / April 22, 2024 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") announced an expansion of its County Line East Pit high-grade gold feeder zone with multiple oxide gold drill intercepts at and near surface. Intercepts include 4.57 meters grading 4.77 grams per tonne (g/t) gold within 24.38 meters grading 1.73 g/t gold, 6.10 meters grading 2.10 g/t gold within 33.53 meters grading 0.86 g/t gold, and 6.10 meters grading 1.79 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 Pit drill highlights include (m=meters, g/t=grams per tonne) (full drill table below):

Hole# CLRC-292:

• 33.53 m of 0.86 g/t gold

incl.

• 6.10 m of 2.10 g/t gold

Hole# CLRC-293:

• 24.38 m of 1.73 g/t gold

incl.

• 4.57 m of 4.77 g/t gold

Hole# CLRC-294:

• 9.14 m of 1.03 g/t gold

Hole# CLRC-295:

• 30.48 m of 0.81 g/t gold

incl.

• 4.57 m of 1.00 g/t gold, and
• 6.10 m of 1.79 g/t gold

Hole# CLRC-296:

• 19.81 m of 0.89 g/t gold

incl.

• 4.57 m of 1.45 g/t gold, and
• 3.05 m of 2.39 g/t gold

Hole# CLRC-323:

• 15.24 m of 0.95 g/t gold

incl.

• 3.05 m of 2.23 g/t gold

The County Line East Pit reverse circulation drill program builds on the Company's April 4, 2024 press release where it discovered a high-grade gold feeder zone with intercepts including 16.76 meters of 2.19 g/t gold. That drill program returned multiple intervals of oxide gold mineralization grading in excess of 1 gram per tonne at and near surface. This latest drill program focused a portion of the drill holes into the feeder system and intercepted the highest gold grade drilled to date at the East Pit. The East Pit is located approximately 500 meters southeast of the main County Line historic open pit. The Company targets near-term County Line gold production from both pits.

The County Line project is located approximately 26 kilometers northwest of the Company's operating flagship Isabella Pearl Mine via paved Nevada State Route 361. The Company targets County Line ore feed for its Isabella Pearl Mine. The proximity of the two properties is expected to allow the trucking of ore from the County Line property to Isabella Pearl with its existing heap leach pad and gold processing facilities. The Company filed a Plan of Operations with the Bureau of Land Management in 2023 and targets the County Line project as its second Nevada gold mine.