Two Separate Intersections Encounter Mineralization At Maitland Gold Project

LEAD, SD - Dakota Gold Corp. reported that drill hole MA23C-022 which encountered Homestake Formation in two separate intersections at the Maitland Gold Projectin the heart of the Homestake District of South Dakota. MA23C-022 was designed as a step-out drill hole south of the JB Gold Zone discovery hole MA23C-017 at Maitland. MA23C-017 intersected 0.365 oz/ton Au over 15.3 feet (12.51 grams/tonne over 4.7 meters). The two intercepts reported in MA23C-022 continue to confirm that Homestake-style gold mineralization is present 3.1 miles (5.0 km) northwest of the +40-million-ounce historic Homestake Mine along the Homestake structural corridor.

The upper portion of MA23C-022 intersected 0.257 oz/ton Au over 23.5 feet (8.81 grams/tonne over 7.2 meters) of Homestake-style mineralization. The lower portion of MA23C-022 intersected 0.570 oz/ton Au over 16.5 feet (19.55 grams/tonne over 5.0 meters) of Homestake-style mineralization in a step-out 562 feet (171.3 meters) southeast from the JB Gold Zone discovery in MA23C-017.

The Maitland Drill Program is now transitioning from widely spaced drill holes designed to define stratigraphy, to more tightly spaced drilling on the JB Gold Zone and the Unionville Zone discoveries. Both gold zones outlined in these two discoveries remain open to depth and in all directions. Drilling in the coming months will halve the distance between holes to begin to define the size and continuity of the gold mineralization. This methodology was used to great effect at the Homestake Mine to systematically vector to wider intercepts. The Company has secured directional drilling equipment, which has now been delivered to the Maitland Gold Project site. Directional drilling will minimize deflection and enable the Company to precisely locate long drill holes at the target.

James Berry, Vice President Exploration said, "These grades are exceptional and are analogous with the mineralization encountered at the Homestake Mine. With every new intercept, we have increased confidence that we have identified another Homestake Ledge system at Maitland. Logging of adjacent drill holes has now confirmed that the garnet isograd is present east of the JB Gold Zone, which is another important marker consistent with the metamorphic temperatures and gold deposition at the Homestake Mine."