Drill Program Completed At The Iron Butte Project

VANCOUVER - Angold Resources Ltd. announced the completion of the drilling program at its Iron Butte Project, located approximately 60 kilometers (km) south of Battle Mountain, Nevada. A total of 5 holes were completed for a total of 2,152 meters. Drilling was distributed across the project area, with three holes into the Red Ridge Zone, one at the North Zone, and the remaining hole drilled into the newly identified Northern Extension Zone. The drill program was designed to test targets identified through geophysics and geochemical activities outlined in the Company's news release on April 19, 2022 and to define the strike extensions of the mineralized veins within the historic resource areas.

CEO, Adrian Rothwell, said, "Angold was able to test all of our intended targets in this maiden drill program. Though drilling encountered logistical issues that resulted in unexpected delays, we are excited for results in the coming weeks."

The Iron Butte Project is comprised of 267 unpatented Bureau of Land Management mineral claims, covering approximately 2,210 hectares on the southwest edge of the Caetano Caldera west of the Cortez Hills mine in the Shoshone Range. Iron Butte is a low sulfidation epithermal system with a historic (non-compliant) resource, mineralization from surface over a ~2 km strike length, shallow historic drilling and gold grades of up to 7.74 g/t.