Ripper Property High-Grade Surface Samples

COLORADO SPRINGS, CO - Fortitude Gold Corp. reported multiple high-grade gold surface samples from its Ripper property including 8.44 grams per tonne (g/t) gold. The Company completed its first detailed mapping and sampling program at Ripper, which is located in Pershing and Churchill counties, Nevada.

The mapping and sampling program included detailed lithological, structural and alteration characterization in the property's Hughes Canyon target area. This program focused on two areas, the Hughes Canyon southwest and northwest target areas. Select one-foot-long samples were collected at five-foot intervals along a silicified contact, which resulted in 148 surface rock samples. The Hughes Canyon northeast target area returned assays of 2.45 g/t gold over a 21-meter interval.

"We are excited with Ripper returning high-grade gold in this first round of surface sampling," said, Barry Devlin, Vice President of Exploration. "The property is early-stage exploration with limited historic data. The significant gold mineralization at surface above one gram per tonne gold and as high as 8.4 grams per tonne gold not only warrants a second round of surface sampling, but a first drill program targeted in 2023."