Gold Discovery AT The Intrepid Property In Mineral County

COLORADO SPRINGS, CO - Fortitude Gold Corp. has made a gold discovery at its Intrepid property located in Mineral County, Nevada. The Company intercepted 1.21 grams per tonne (g/t) gold over 27.43 meters, including 6.10 meters grading 2.01 g/t gold.

The Intrepid property fits well into the Company's hub and spoke approach to operations. Located within close trucking distance, Intrepid sits between the Company's East Camp Douglas property and its Isabella Pearl operations, approximately 14 miles from the latter.

"It is exciting to intercept 1.2 grams per tonne gold over an extended interval of 27 meters which included over 6 meters of 2.01 grams per tonne gold with our initial drill program at Intrepid," said, Allan Turner, Vice President of Exploration. "Hole INRC-012 was drilled to the northwest into a valley discovering this near surface gold-bearing unit. Based on this discovery, additional drilling is planned to test the extent of this gold mineralization and to better understand the structural conditions of this area."

"Al and his exploration team have done a terrific job in making this exciting new near surface high-grade gold discovery," stated Jason Reid, CEO and President. "Time will tell if the gold mineralization at Intrepid develops into a future mine, but to intercept gold on our initial drill program on a greenfield property that we believe has never been drilled before is exciting. Equally as exciting, its location is a very short haul distance to our Isabell Pearl process facility, creating great potential future optionality."