Pure Gold Intersects 34.6 g/t Gold Over 4.3 Metres Demonstrating Significant Potential Below Madsen Mine - Seite 2

Underground Drilling Expands Mineralized Zones

Ongoing underground drilling from the Madsen ramp is designed to de-risk potential near term production by targeting initial stope shapes and testing for extensions to the current resource in the upper portion of the McVeigh deposit. Drill hole PGU-0020 targeted the mineralized structure approximately 30 metres below any previous mining of the McVeigh deposit returning 14.4 g/t gold over 4.1 metres and including 28.3 g/t gold over 2.0 metres. Drill hole PGU-016 targeted the McVeigh structure outside of the mineral resource and approximately 50 metres below existing resource blocks returning 12.7 g/t gold over 2.0 metres.

Drill Results Summary

New assay results from select drill holes are outlined below:

Hole ID	From (m)	To (m)	Length (m)	Gold (g/t)	Zone
PG17-456	1613.6	1617.9	4.3	34.6	South Austin
incl.	1615.9	1617.9	2.0	67.0
PGU-0016	298.0	300.0	2.0	12.7	McVeigh
PGU-0019	97.8	100.1	2.4	4.8	McVeigh
PGU-0020	107.5	111.6	4.1	14.4	McVeigh
incl.	107.5	109.5	2.0	28.3
	120.0	121.0	1.0	37.0	McVeigh
PGU-0021	209.5	212.6	3.1	7.5	McVeigh

*Assay composites were calculated using uncut assays and true widths are interpreted to vary from 70-90% (80%, on average) of reported core lengths above.

For a set of figures showing the setting of drill results, click link below: