Golden Mile Project Plan of Operations Submitted

COLORADO SPRINGS, CO - Fortitude Gold Corp. has filed a Plan of Operations with the Bureau of Land Management (BLM) for the Golden Mile project located in Mineral County, Nevada. Proposed operations at Golden Mile include an open pit mine and heap leach process taking gold to the carbon phase, after which processing the loaded carbon into gold dore utilizing the nearby Isabella Pearl ADR plant. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada.

Company management is moving towards a production decision based on this initial project resource and is currently finalizing estimates for project capital expenditures, sustaining project capital, as well as overall project economics. Though the mineralization remains open along both strike and depth for potential expansion with infill and step-out exploration drilling, management are evaluating a production decision independent of the mineral expansion potential. The Company targets an official board level production decision for Golden Mile in the first half of 2022 based off the project's initial resource.

Jason Reid, CEO and President, said, "We are pleased and excited to have initiated the first step in the permitting process for our Golden Mile project. As we finalize estimates on project capital expenditures and economics, this recent filing of the Plan of Operations with the BLM continues to advance the project full steam towards a production decision. Filing the Plan of Operations keeps us on track for the potential building of this mine on an expedited basis assuming that our production decision is positive. The Plan of Operations is an important submittal which initiates the first part of a larger permitting process involving additional agencies. We are excited to be consistently moving closer to building our second plus one gram per tonne gold mine, on an accelerated basis, in Nevada."