Exploration Update From Southwest Prospects Area At Golden Zone Project

TORONTO - Avidian Gold Corp. reported on its summer 2021 prospecting program at its district-scale (125.5 sq. km) Golden Zone Project in south-central Alaska. The property is strategically located midway between Anchorage and Fairbanks and only 10 km west of paved State Highway 3, the Alaska Railroad, and the 345 kV Alaska power lines. Following up on the discovery of the JJ and J4 prospects in 2018 and the subsequent discovery of the MJ and Silver Kitty prospects in 2019, the primary objective of the 2021 helicopter-supported exploration program was to collect additional geologic and geochemical data and begin the process of defining the extent and continuity of the 4.5 km mineralized trend now collectively referred to as the Southwest Prospects area. The program successfully expanded the footprint of all 4 known mineralized prospects and discovered a new prospect named the CC.

The Southwest Prospects area consist of at least 5 large gossanous gold-bearing zones, all within the same stratigraphic sedimentary package of rock defined along a NE-SW direction over a strike length of 4.5 km within an approximately 19 kilometer mineralized trend that extends across the entire Golden Zone property . Each of the prospects have only been sparsely sampled due to challenging topography and have yet to be fully assessed.

President & CEO, Steve Roebuck, said, "We see high potential to make a significant discovery at the Southwest Prospects area as it contains all the geological ingredients required to host a large-scale gold deposit typical to the Tintina Gold Belt. Avidian are amongst the first explorers in this area and we are very encouraged by the results so far given the very limited time spent in the field. One distinct advantage we now have is a detailed 1200 line kilometer high-resolution drone magnetic geophysical survey flown in 2021 which gives our geologists incredible information we have never had before. As we prepare for the 2022 season the exploration team will continue to refine plans and outline the budget required to support a systematic exploration program over an entire field season.”