Gander Gold Completes Phase 1 Drilling at Gander North

• 28 RAB Drill holes completed in Phase 1
• Appoints Director of Communications

VANCOUVER, BC / ACCESSWIRE / September 6, 2023 / Gander Gold Corp. ("Gander" or the "Company") (CSE:GAND)(OTCQB:GANDF), is pleased to announce that Phase 1 Rotary Air Blast (RAB) drilling has been completed at its wholly-owned Gander North Project, a leading grassroots gold discovery opportunity in Newfoundland covering 485 sq. km

Drill crew and associated geotechnical staff completed twenty-eight first-ever RAB drill holes (1,632 meters) at Gander North as part of this exploration program designed to prioritize the most prospective areas for initial diamond drilling. Eleven holes (663m) were completed in the Viking and Jonathan's Third Pond target areas (Figure 1, Areas 1 & 2) and 17 RAB holes were completed across additional target areas to the east (Figure 1, Areas 3, 6 and 9). Multiple untested target areas remain for a further phase of RAB drill testing and/or diamond drilling.

Mr. Mark Scott, Gander Gold CEO, commented: "Gander North continues to beat our expectations and our entire team is excited about the potential of this project. First-ever RAB drilling has confirmed the interpreted structures and XRF results indicate these structures are locally mineralized over multi-meter intersections. Interpretation of the RAB drilling is ongoing and once all assay results are received, interpreted, and evaluated the diamond drill targeting exercise will commence. We foresee additional RAB drilling at Gander North, as to date we've only RAB tested five of Gander North's fourteen target zones. We are anxious to start diamond drilling the highest priority areas already tested with the RAB drill."

Soil geochemistry, geologic mapping, prospecting, LiDAR, and airborne MAG/VLF surveys, plus inversion modeling derived from ground VLF-EM surveys across specific interpreted structures have been used to generate RAB drill targets (see Press Release June 22,2023). The target areas are being tested by RAB drilling to confirm subsurface geology, subsurface bedrock geochemistry and for the presence of possible gold bearing structures. Gander has focused RAB drilling efforts primarily on northeast and north-northeast trending interpreted structures.