County Line Property Phase Two Drilling Intercepts High-Grade Oxide Gold

COLORADO SPRINGS, CO - Fortitude Gold Corp. reported on phase two drill results from its County Line property located in Mineral and Nye counties, Nevada. Multiple high-grade oxide gold intercepts include 7.62 meters grading 10.71 grams per tonne gold (g/t) within 24.38 meters grading 5.06 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. Fortitude Gold recently completed a phase two drill program focused on the historic County Line open pit floor and periphery. The drill results represent a portion of the phase two drill results that have been received from the assay lab, with the remaining drill holes expected to be released in the coming weeks once all assays are complete. The fourteen holes released build on the August 2022 County Line maiden drill program with intercepts including 15.24 meters grading 7.66 g/t gold.

County Line is located approximately 26 kilometers northwest of the operating Isabella Pearl gold mine via paved Nevada State Route 361. The Company targets delineation of sufficient mineralization to justify potential ore feed for its Isabella Pearl operation. The proximity of the two properties could enable trucking ore from the County Line property to the Isabella Pearl Project's heap leach pad for gold processing.

"We are very pleased to see continued high-grade gold drill intercepts with significant widths of mineralization so close to the surface," said, Barry Devlin, Vice President of Exploration. "We continue to model this high-grade mineralization for tonnes, grade and mineral resource delineation with a goal to produce a maiden resource estimate for County Line in the coming months."

"Twenty-four meters of over five grams per tonne gold, along with numerous additional near surface high-grade gold intercepts, adds to the critical mass building from our County Line drill programs," commented, Jason Reid, CEO and President. "The low hurdle rate for an economic mineralized resource at County Line, since we plan to leverage our existing and nearby process infrastructure, is exciting as we advance the property towards an initial resource estimate."