County Line Property Multiple High Grade Gold Intercepts

COLORADO SPRINGS, CO - Fortitude Gold Corp. reported on the maiden drill program at the County Line property located in Mineral and Nye counties, Nevada. Multiple high-grade gold intercepts included 6.10 meters grading 15.18 grams per tonne gold (g/t) within 15.24 meters grading 7.66 g/t gold. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and dividend yield.

A 35-hole drill program focused on the pit floor and periphery of the historic County Line main open-pit. The Company owns 100 percent of the County Line property which has several exploration targets. Historically County Line produced approximately 81,000 ounces of gold and 760,000 ounces of silver in the 1990's using a heap leach recovery process from two small pits. Previous rock chip samples from the main pit averaged 2.2 g/t gold with cyanide bottle-roll tests on those samples yielding an average of 94.5% gold recovery in approximately two hours. In addition, third party channel samples taken from the bottom of the pit included 23.70 meters grading 3.86 g/t gold, 33.50 meters grading 3.76 g/t gold and 27 meters grading 1.34 g/t gold.

"We are very pleased with these initial high-grade gold drill intercepts including impressive widths of mineralization close to the surface," said, Barry Devlin, Vice President of Exploration for Fortitude Gold. "We are working to model this mineralization for tonnes, grade and mineral resource expansion with the next drill program already underway.”

“ Fifteen meters of nearly eight grams per tonne gold, starting from surface, and within trucking distance to our permitted and operating process facility at Isabella Pearl, represents the kind of exciting optionality we strive to set for our Company's Nevada mining unit," said, Jason Reid, CEO and President. "Optionality to provide ore feed to our Isabella Pearl facility for additional operational longevity is what we plan to evaluate next at County Line. The potential, assuming we can discover and delineate enough of this near surface high-grade gold mineralization, to mine the material and truck it a short haul distance to Isabella Pearl, while not sustaining substantial capital expenditures other that mining and trucking costs. The goal would be to leverage our existing nearby process infrastructure for additional gold production at minimal capital expenditures and costs of production. With an already disturbed area from two small historic open-pits, and effectively mining the material as an aggregate to be hauled off with no other infrastructural impact at County Line, we believe the permitting time could be shortened dramatically."