Additional High-Grade Oxide Gold Assay Results From Gold Basin Project

VANCOUVER - Gold Basin Resources Corporation announced additional reverse-circulation (RC) drilling assay results from the recently completed resource expansion and delineation drill program at the Gold Basin oxide gold project in northwestern Arizona.

Additional broad high-grade oxide gold intercepts from Stealth Deposit (“Stealth”) resource expansion drilling: 1) 50.2 meters (“m”) @ 1.29 g/t Au from 85.4 m (~50 m vertical) in drill hole ST24-039, including 27.4 m @ 2.08 g/t Au from 86.9 m. 2) 33.5 m @ 1.00 g/t Au from 96.0 m (~63 m vertical) in drill hole ST24-038, including 12.2 m @ 2.08 g/t Au from 96.0 m. 3) Drill holes ST24-038 (azimuth of 175° and dip of -55°) and ST24-039 (azimuth of 200° and dip of -50°) were collared 50 m east-southeast of hole ST24-031, which returned 51.8 m @ 1.31 g/t Au from 82.3 m (~43 m vertical depth), incl. 38.0 m @ 1.69 g/t Au from 94.5 m, extending the high-grade interval along strike. 4) Reportable oxide gold intercepts to date are shallow and broad, with an average vertical depth of ~51 m to the top of mineralized zones, and an average drill interval thickness of ~77 m. Assays received in full for 9 holes, with results for the remaining 13 holes anticipated soon.

Colin Smith, Chief Executive Officer, said, “Drilling results from step-out collar locations along the formerly undrilled northerly road at Stealth continue to yield impressive intervals of near-surface oxide gold. We eagerly await assay results from the remaining 5 holes drilled at Stealth, and all 8 holes drilled at the Gap Zone. Upon receipt of final assays, the maiden NI 43-101 oxide gold mineral resource estimate will commence immediately.”