Multiple Oxide Gold Drill Intercepts From East Camp Douglas Lithocap

COLORADO SPRINGS, CO - Fortitude Gold Corp. reported multiple oxide gold drill intercepts from its East Camp Douglas property's lithocap target, located in Mineral County, Nevada. Intercepts include 21.34 meters grading 1.23 grams per tonne (g/t) gold, including 7.62 meters grading 2.14 g/t gold.

East Camp Douglas lithocap drill highlights include: Hole# ECDRC-351: 21.34 m of 1.23 g/t gold, including 7.62 m of 2.14 g/t gold. Hole# ECDRC-352: 9.14 m of 0.54 g/t gold. Hole# ECDRC-354: 13.72 m of 0.53 g/t gold, and 6.10 m of 0.52 g/t gold. Hole# ECDRC-357: 12.19 m of 0.59 g/t gold, including 1.52 m of 1.07 g/t gold.

These latest East Camp Douglas lithocap drill results that were backlogged at the assay lab intercepted multiple intervals of oxide gold mineralization. They build on the 2024 drill results where 12.19 meters intercepted 2.90 g/t gold, including 3.05 meters grading 5.57 g/t gold.

The Company submitted an Exploration Plan of Operations / Nevada Reclamation Permit application in January, 2025, to the Bureau of Land Management and Nevada Division of Environmental Protection Bureau of Regulation and Reclamation for the East Camp Douglas property. This exploration permit is expected to open approximately 25 acres for exploration drilling under Phase 1 of a multiphase authorization (for a total of 150 acres), which includes the lithocap area, as well as the East and West White Rock Springs targets located on the northern portion of the property. This Exploration Plan of Operations, when granted, would allow exploration efforts beyond the current Notice of Intent (NOI) drill permits that limit exploration to just five acres.

"This new high-grade gold zone is one of many exciting, mineralized zones within the lithocap on the southern half of our East Camp Douglas property," said Allan Turner, Vice President of Exploration for Fortitude Gold. "Hole ECDRC-351 potentially represents a vent breccia unit with over 21 meters, or 60 feet, of 1.23 grams per tonne gold, including 7.62 meters of 2.14 grams per tonne gold. We are pursuing an Exploration Plan of Operations for more flexibility, optionality, and greater exploration acreage with our drill programs, and once approved, we will be authorized for up to 150 acres of exploration and pre-feasibility related surface disturbance.”

"Our massive lithocap at East Camp Douglas has delivered exciting surface and near surface high-grade gold mineralization in numerous zones, and this new high-grade breccia zone adds to the critical mass building at this large target," stated Jason Reid, CEO and President. "The lithocap is a very large area and it will take time to fully explore it. To continue to intercept high-grade gold is not only very exciting but gives credence to the potential that our mineralized lithocap could grow into something special."