Multiple Oxide Gold Drill Intercepts At East Pit

COLORADO SPRINGS, CO - Fortitude Gold Corp. announced multiple oxide gold drill intercepts at and near surface from the East Pit target located on the County Line Property. Intercepts include 16.76 meters grading 2.19 grams per tonne (g/t) gold, 7.62 meters grading 1.28 g/t gold, and 6.10 meters grading 1.49 g/t gold. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada.

The County Line East Pit reverse circulation drill program builds on the July 2023 drill results where 38.10 meters intercepted 0.75 g/t gold including 3.05 meters grading 2.11 g/t gold. This program intercepted multiple intervals of oxide gold mineralization grading in excess of 1 gram per tonne at and near surface. 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 operating flagship Isabella Pearl gold mine via paved Nevada State Route 361. The Company targets County Line ore feed for its Isabella Pearl operation. The proximity of the two properties is expected to allow the trucking of ore from the County Line property to the Company's Isabella Pearl Project 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.

"This drill program consistently intercepted much higher-grade gold than we have previously encountered at County Line's East Pit and looks to be a new discovery of a high-grade gold feeder zone under the pit," said Allan Turner, Vice President of Exploration. "We await the results of additional assays from this area, but thus far these drill results would indicate we have added ounces at East Pit, and it is likely to have a higher grade associated with it than we previously thought. Mineralization at East Pit remains open to the north, south, and east, and mapping and surface sampling programs have identified two additional nearby drill targets."